I usually end my posts with Happy
#trading and
#investing , but i realize i never actually said anything about it assuming that everyone knew the difference, but that does not seem to be the case. So I will talk about it today to help guide your trading and investing decisions.
Trader vs. Investor: Which One Are You?
Letās break it down in simple terms.
A trader is like a sprinter. They focus on short-term opportunitiesābuying and selling within days, hours, or even minutes. Their goal? Quick profits from price changes. Think of it like catching waves: youāre in, youāre out, and you move on to the next.
An investor, on the other hand, is more like a marathon runner. Theyāre in it for the long haulā weeks, months, or years. Investors aim to grow their wealth steadily over time, often by buying and holding on while they grow in value.
Some of you might say i just described Day trading vs Swing trading, maybe, maybe not.
if you are looking at holding a position for long term, you automatically tend towards investing and honestly, in crypto its better you do that with
$BTC instead of some other coin/token, but if you want in and out, few weeks max, then you can trade others not BTC, if you trade other tokens for the long haul, you are asking to be liquidated if you do not know how to manage your risks, but if you are trading other tokens for the short term, you will get more substantial returns.
in summary:
Trading = Short term = I recommend trading not BTC (use it as a guide)
Investing = Long term = I recommend trading only BTC (i.e. no
#AltcoinStars ,
#memecoinššš , whatever you want to call them)
p.s. this is for Spot, if you take this into futures, then it is truly day trading vs swing trading