1. Capital
2. Knowledge
3. Emotion handling
4. Experience
Once you do have these things then i could say that you could handle out the market.Doesnt mean that you would avoid losses
but you would be able to sustain this unpredictable market. This is why lots of people are trying out their best to
sustain out.
I think it would not be right to make crypto and daily trading as your only source of income.Because the crypto market is a very risky and volatile market.Even if you have capital, you have experience, you have knowledge about cryptocurrencies, still it will not be right to depend only on cryptocurrencies.Along with crypto trading, another business or any job etc. is also necessary.Because you can use the crypto market as a side business but not completely depend on it.Because the crypto market is highly dependent on global news and any bad news can crash the market badly.When the market starts to crash on bad news, a lot of experienced people's lose their capital.And here it can become a lot of trouble for someone whose earnings depend entirely on the cryptocurrency market day trading.Therefore, it should be used as a side business and not as a full-fledged business.Because the profit rate is good and the loss rate is also very good.