Day trading or short term trading is not for me at-least and there are much success stories. Even experienced day trader finds it hard to tackle Bitcoin and incur heavy loses. Its always best to invest in Bitcoin for long term since thats the most reliable way to invest in any trading market. Day trading can give you profit occasionally but in the long run you are deemed to lose.
Yes, but indeed all traders have their own way of trading, maybe you are a trader who likes fundamental analysis and there are also some of them who like technical analysis in doing so. But, all back down, they have their own ways and of course they also have their own ways of balancing the level of risk and profit, there are no restrictions on choosing both of them here. It is true that someone who is experienced does not mean that they can fully benefit, but they can also experience losses. What's more, Bitcoin is volatile, every time the price will always change and that means it is indeed very difficult to predict where the next price will move.
But besides that, we can still have a chance to survive by using several factors of self-control in our trading and also maybe with definite plans and targets, it will be able to balance everything there, especially to minimize losses.