Being profitable doesn't come from day trading or long term holding. Its in our strategy on how to choose where to invest and being updated to all the what's and why's of the coin. There are days we consider red and green. We must be able to identify what to buy and when to sell to really earn.
I identify and analyze it, I think it must be done to get daily profits. so I think this must indeed be applied, because nowadays day trading sometimes also experiences losses and depends on how our skills are for the daily trading.