DONECOIN (@donepump)
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Saw those days trading ain't for me... Lost >10k chasing quick cash in trades + 10k from LT inv (bear crypto mkt). Always pick investing over trading, but volatile times tempt trading hard. Reminder on diffs: 1. Time Horizon: Trading: ST focus (day/week/mo) on price swings. Investing: LT hold (yrs/decades) for compound growth. 2. Objective: Trading: Profit from ST fluctuations via timing/TA (charts/patterns/indicators). Investing: Build wealth thru asset apprec (stocks/bonds/RE) + reinvested divs/int, focus on fundamentals. 3. Risk/Return: Trading: High risk/vol, quick gains/losses. Investing: Lower risk LT, ride out flucts for growth. 4. Approach: Trading: Active, constant monitoring/charts/news. Types: day/swing/scalpers. Investing: Passive, pick & hold growth assets. 5. Strategies: Trading: TA/patterns/news for preds, liquidity/timing key. Investing: FA on fin health/growth/LT success. TL;DR: Traders chase quick profits w/ active spec on ST moves. Investors seek steady growth from fundamentals/compounding. Both profitable w/ diff mindsets/strat/RM. #crypto #altcoin #trading #investing #Growth