Long term trader He is a trader who invests in a currency with the expectation of taking profits in the long run The trader will not perform day-to-day actions but will look at the big picture.
Long term can be months or even years, it all depends on the goal he has set for himself.
This type of trade is so-called "set it and forget it"
There is no problem to continue to check the market daily, but the trader is not affected by fluctuations that occur daily on the currency
Of course, it is desirable to use a stop loss order so as not to end up in a situation that you have lost a lot of money, but the order will be more flexible than usual
This method also requires self-discipline and mental fortitude in order not to be alarmed by sharp ups and downs in the market
As soon as you come to an assessment that a certain currency will rise high in the long term, you invest in it and let the money work.
There are advantages and disadvantages to this method On the one hand, you can invest in the currency for years and it will not give you the returns you expected.
But on the other hand, think about all the people who sold Bitcoin when it reached a few dollars compared to those who believed in it until today, what huge differences there are in their profits..
There is a good way of working in the long-term trading method called Dollar Cost Average where you deposit a fixed amount of money at a fixed time regardless of the currency rate I will detail it in the next post Have a nice day everyone

So like I said there are 2 main types of trading.
A day trader is a person who follows what is happening in the market every day and performs daily operations according to the market.
After a review, they buy coins at a certain price and then sell them at a profit on the same day.
A day trader rarely has coins left in his investment portfolio at the end of the day but takes his profit every day and reinvests it the next day.
And of course its because the market can be very volatile and they don't want to wake up in the morning and find out that they lost a high percentage of their investment portfolio.
If you find yourself entering the application a lot during the day and performing a lot of actions, you probably meet the definition of a day trader.
Keep in mind that day trading is considered more risky and suitable for more professional people in the crypto field Statistics show that only 20 percent of day traders make a profit.
they come in with a certain plan Decide on an entry price and an exit price to take profits
A day trader doesn't let emotions get the best of him It is important to have mental toughness
A day trader needs to know when to give up And when to leave on time
You must not be greedy and wait for the currency to rise more than the goal you set for yourself
Of course, it is not recommended to invest all the money on one currency, but to spread your investment over several currencies
Those who persevere with this method can make handsome profits in the long run. The problem is that most people let their emotionsrule them
Making a profit of 5 percent a day is excellent Did you manage to make 10 percent? madness. Don't look for shortcuts to do 100 percent a day because the chance you will lose is higher than the chance you will win
Have a nice day everyone
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