Hi,
I have no experience short selling but I debate shorting now. Good idea? Anyone with experience? BTC seems overbought...
I have done daily trading (short-term trading)
from that trade I can still get a profit, even with a small profit because of the falling price situation but it is still profitable for trade
Please understand that short-term trading is completely different from shorting way of trading. OP is here referring shorting which is basically based on "sell first and buy later" whereas usual way of trading is "buy first and sell later".
the lack of experience in trading will be a major disadvantage. Buy low and sell high now is popular and it can help you profit up to $ 500 per day.
$500 or any small or big level profits are purely based on how big your capital and how versatile you are with trading. You cannot make big profits from both buy-low-sell-high or shorting way of trading if you do not have big capital. But, big capital may work for you only when you are fully aware of how to trade without big losses. Here, you must notice that, making profits is secondary but preventing losses must be the primary goal for sustaining in trading. Once you are able to sustain then you can keep making profits easily.