day trading is profitable for people that borderline speculating with high leverage, usually with 20x - 100x leverage, a slight price movement already results in either big loss or short loss, people are usually using that to keep them from wasting too much time, but of course it requires extensive knowledge and experience for anyone to be able to profit.
if you don't leverage then you will need big capital for your trades to be actually meaningful and can give you good enough profit otherwise if you use small capital then the profit will be really small too.
it's always the higher risk the higher profit kind of thing.
so if you think the profit is too small with day trading maybe your strategy is wrong.
I don't know, I am kinda scared if such leverages, to be honest. I understand that they give you much more opportunity to make significant profit even on a small deposit, but if the price goes in the wrong direction, your position can be liquidated in a matter of seconds and this is dangerous. I personally have never traded with leverage higher than x5, so it’s hard for me to imagine how people take x100.
The x5 up to x10 leverage is actually safe, regardless of the amount of the fund that you will make a futures trade on the exchange. Just don't go as high as x20, especially if you're not sure about something like this.
But the only people who often do that are those who are in a hurry to make a lot of money in trading and are greedy for money to get huge in the scenario.
That's good advice, we should consider our risks and how we would manage them before we can be successful in trading. The issue with futures trading is that it is trading margined products and this can never be taken lightly by any trader as they must utilize leverage to be able to gain something substantial from the market. But if you have enough money, I advise that you use the low level, and if it is possible, you should use x1 so that the fee will be reduced and so is the trading risk.
This will enhance the right management as well as there must be the right risk-to-reward ratio when trading, but sadly, most traders overlook all these, their minds are centred on the money to be made, and this is certainly not good. This can only explain why some traders want to trade long-term but are using x50 leverage or more and are also taking the full risk with that high leverage. It won't be long before the whole money will be wasted. This is avoidable as our risks, management and our trading style must align for our good.