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RE: Day Trade vs Swing Trade vs Long Term Holding
Whats your personal strategy? I kinda have seen the benefits of both and I feel like for an inexperienced trader such as myself, its hard to pursue the "day-trading" lifestyle. :P
I'm an all of the above kind of trader. I day trade, swing trade and hold. I wouldn't recommend day trading until you have practiced. Open an account on tradingview and use the "paper trading" function. This will let you practice with fake money and see how you do.
As an inexperienced trader, if you're interested in investing in crypto, I would stick to swing trading and/or holding. Do your research. Find a company you believe is solving a problem, has a great team and a functioning product. Then buy and hold. In my opinion, the safest buy in crypto is Bitcoin. It may not make you the most money, but it's the one that will be around for years to come. Most altcoins are pure speculation. That's just my opinion...not financial advice.
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