Which is better Intraday or holding stocks for 3 - 4 years?

If I buy shares and sell on the same day then it is Intraday ?Answer:- Yes Correct.

When we buy shares and hold for longer say more than a year, then it is equity delivery? Answer:- Yes correct.

Please suggest me which is better?Answer:- Kindly asked yourself this question before getting into the stock market

What personality do you have with you or which direction you want to go?

If you want to a full time trader?If you want to be swing trader? If you want to be positional trader who is willing to buy equity and hold it for 3 to 6 month or 1 year also? If you want to be long time buyer (3 to 5 year horizon)?

If you want to a full time trader (Intraday)?

Then you need to sit in front of the system from opening bell of the market till closing bell of the market. For most if you see the risk reward ratio in intraday is overall 1:1. For intraday you need to have strong trading plan with strong stop loss which will be your strong arsenal (weapon) for protecting your capital. Intraday you have to close
your position on same day. But 75% of people enter into the market as intraday trader. Further if market goes against their trading strategy, then they would carry position and a wait for market to recover. So please don’t do that in intraday trading.
Try to cut off your position on the same day though you are in profit or loss vice
versa. Otherwise you don’t know what is going to happen next morning in the market.
 

If you want to be swing trader?

Swing trading means you will be holding the stock for a week time. You only need in the swing trading is your trading plan with horizon of 3 to 5 days. Here the risk reward ratio is good 1:5 but it depend what time frame you are selecting while doing technical analysis. In swing trading you have a right to put your selling price and stop
loss while buying the equity. For example: - Say SBI. Buying @ 154, Selling @ 168,
Stop Loss @ 148. I will put my trade into the systems so that once stock price
come to buying price, my trade would be executed along with my selling price
and stop loss. So no need to be panic, as we have taken all precaution as per
trading strategy. Know you only have to look in-between where the price is
moving i.e. it’s.  No need to be in front of systems like in intraday trading.

If you want to be positional trader who is willing to buy equity and hold it for 3 to 6 month or 1 year also?

In positional trader you need most important arsenal (weapon) i.e. money management strategy. Like if you are having capital of 50,000.00 RS you will not invest all at a time. You will break this particular money in 3 Lots at least. So that if market goes against your trading strategy, then also you are having money to re-invest. Reason I said money management, because as a human being we have emotion, fear and greed. Which are uncontrolled while trading in market.

If you want to be long time buyer (3 to 5 year horizon)?

For long term buyer,you need to buy blue chip stock in deep market with cheap price. So that you can sell at a good price when market boom. Also there is trend in market, 1 to 2 year’s its bearish mode or sideways, then 3 to 5 year market rally and break previous high. So people say that you should invest for long terms at least for 4 to 5 years horizon, but never say when you should start investing your money. So
this is the time where you should start accumulating good stock which are
available at cheap rate. If you are fundamental then check P.E Ratio of stock
from where started to fall and past history from where it started to rally. This
would give you fair idea. For example check out Nifty 50 Stock which consist of 50 Top company stock. MRF:32% fall from previous high, Siemens:37% fall from previous high, Tata Chemical: 41% fall from previous high, UBL:38% fall from previous high, Bharat Forge:47% fall from previous high. Colgate Palmolive:26% fall from previous high, Container Corp:46% fall from previous high and many more. So know you calculate what is your risk reward for long term i.e. 3 to 5 year horizon. Apart from this you are getting dividend and if company perform well bonus. 

Most important thumb rule while entering the stock market we should remember:-

Market is random, we can’t predict the market.

“MARKET WILL ALWAYS REMAIN RIGHT AND WE WILL ALWAYS REMAIN WRONG IF WE DON’T TRADE WITH MARKET TREND. DON’T
TRY TO PREDIT THE MARKET OTHERWISE MARKET WILL BLOW US “