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.
Being one of the traders mate, you supposed to be a risk taker. You shouldn't scared actually, you must assume to yourself that you are already lose, don't think any negative thoughts about in earnings. Because as a trader, We also mustn't depend our profit in our luck it should depend on the actual trade happening if you are in the exchange dude.
^ This is true, you should have set a good amount that you have been risked in trading and of course that amount that you can afford to it. Day trading is very profitable if you know how to manage with it but it is also contained with a high risk. High-risk taker can be also high profitable made and sometimes you will end up nothing on it. So, be careful when you are in trading you should know much better in the trading business.
Its just normal to think that the higher the risk the higher the profits you would possibly made.
Trading system do varies which means there are short/day trades and other are even longer duration depending
on which one would eventually work or profitable for you but there are people who do always comes after for fast and shorter trades
but as been said this isn't really that easy to achieve.