0.01 BTC is really a very low amount for you to trade in large exchanges, try to increase your balance before you want to trade. You should have at least 0.1 BTC to trade more simply and you will have more profits. In addition, you should not use small exchanges, that exchange cannot help you get profit because most of the altcoins there are only created to pump and dump and it happens very quickly.
I will advise him to look for something better to do than to be risking his money. Day trading is meant to be a means of passive income, though I have seen people that claims to have it as a full-time job. You better look for a real job to do and then do day trading as a side job. And trading requires a lot of practice and it takes time to become perfect in it, but you wont be 100% perfect.
I am an alt coin trader.for some days i have been suffering from only loss.i am having a huge loss by trading in Mercatox and Bibox.now i have balance only 0.010 btc Please suggest me in which exchange i can trade on to recover my loss..please give me suggestion..
Its not really about exchanges, its mainly about the method youre using. Yes you need to be making use of a good exchange, but even if you are making use of a good exchange and you dont have a good strategy for trading, youre still not going to be making profit.