Blog Details
13 Nov 2022
Swing vs Long term
What is swing trading?
Swing trading involves holding a coin usually not longer than several weeks or a couple of months. This is a general time frame, as some trades may last longer then a couple of months. Swing trading is the process of identifying where a coin's price is likely to move next. Succesful swing traders are looking to capture a chunk of the expected price move, and then move on to the next opportunity.
What is long term trading?
Long-term trading, as the name suggests, requires you to trade your capital over a period of months or even years. You might feel that a certain amount of capital is blocked out in one stock which could otherwise have been used for short-term advantages.
Should i swing trade or long-term?
The goal of long-term trading is to capture an coin's overall growth and appreciation over a long period of time. While focusing on smaller price changes, swing trading offers the potential for more frequent and immediate profits.
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