95% of all Day Traders fail because of lack of knowledge and timing.
For experienced traders, daily trading is actually one of the softest areas for them because basically day trading can be very profitable, but for beginners of course this will potentially cause losses. As far as I know, beginners are usually more likely to ignore something about what we need to do, and what we don't need to do.
95% of all Day Traders fail because of lack of knowledge and timing. Day Trading is very difficult to apply in cryptocurrency trading. Why? Because cryptocurrency markets are unpredictable.
This thing is precisely the main attraction for most experienced traders, because the value of cryptocurrency's more speculative than fiat currency. IMO, by trading / crypto business, it means you have your own business, you have a lot of time for your family, but if you don't want to trade like this, (if so) then you need to think again. Please compare with others, because those who are at higher risk usually give more benefits, and even then if you are sufficiently knowledgeable and able to manage time well.