Am not really new in crpyto world but am always scared of taking the risk of trading. As an experienced trader what are the advantages and disadvantages of day trading. Please I need your opinion. I really want to know those risk so as to avoid them. Then the possible way to maximize profit.
I don't call myself as an expert in trading but I can share with you my experience in day trading. In day trading, you need to spend a lot of time monitoring your investments specially time and timing is crucial in day trading. If you miss an exit point, you may not be able to sell you coin at the price that you plan to sell. So planning is important and timing in day trading.