Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?
Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea.
Absolutely right. Actually bull markets are always very easy to day trade since you know the chances of the market moving up is far more than it moving down anyway and you are trying to take advantage of the fluctuations in between all those movements compared to bear market but at the same time, if you are leveraging, bear markets too can be very profitable to day trade, since you can short the market. The best way to be able to deal with day trade and be able to do right is to understand the long term trend of the market and take advantage of that.
we know that bullish trend hasn't happened yet at this time, but as daytrade you can still make a profit even though bearish is still
happening, but the risk is big enough because if you're not carefuly maybe you will lose because prices will tend to decrease