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.
Just hold since you are scared of taking risk
Holding is quite good too because everything still amounts to profit, no matter the method we choose, provided we are investing in the right project, both day trader and long term holders will always have their benefits, but I would not encourage the op to continue to become scared, the best way to solve a problem is to face the problem and just sort it out once and for all, if the op continue to get scared of risk, he will end up not gaining anything from this crypto market.
For trading risk, the best way to overcome it completely is to first of all have the right trading knowledge, do lots of practice that doesnt involve money and they ensure to always apply trade tools like stop loss and co.
Agree with you, trading is profitable even if you are trading for the day or for long term but the only thing that matters is perfect time to get in and to trade, when you think about trading at day you will have to gain knowledge as much as you can, trading depends on our knowledge and way of planning, keeping eyes on the market is important, be brave to face market changes, dont be emotional.