Re: Don't day trade, you're going to lose your money

honestly day trade is so random in term of profitability, nobody can guarantee whether you gonna lose your money or make profit, it is at the end of the day comes down to statistic and as of now 90% of trader are losing money, doesn't mean all losing money, if you got the edge you might become the remaining 10% who is profitable.

basically it depends on you and your trading ability, like any other activity, even arbitrage has chance of losing, doesn't mean everybody is losing though.

I agree with your sir, day trade is risky, it's completely uncertain way especially in day trading, but long term trading is profitable if will show patient, trading ability is everything in trading, who are experienced in trading, possible to make profits in day trading, but no guarantee about consistency even experienced traders.

Im a day trader and its easier to make analyze the market with the higher time frame because there's a confirmation that depends at the same time with the availability of the trader, I guess its riskier to trade with a lower time frame because the market is so volatile just simple market changes gives a huge impact on the price and of course you cannot skip just a blink of an eye to make trade on this. Instead in a higher time frame, you can easily make another execution where to entry and exit strategy.

Im an intraday trader/scalper in forex on which i have tried out to apply it on crypto as well. I can say that lower TF trading is indeed that very risky i should say on which you would really be needing up to have that bias on higher timeframe on which i would say that it is really that a bit hassle because you would be needing to be active on trying out to check those biases on higher timeframe. I have been able to experience that higher time frame kind of trading on which you can really be able to take up some application with technical analysis. It is really that somewhat not that much effective if we do speak about on crypto market because if we do tend to compare it out into those traditional market like forex and stocks then it is really that totally different.

On the time or moment that you have decided on taking up such career then make it sure that you should really be that having that kind of consideration on trying to look on whats the best for you in speaking about trading methods or ways on which that would be getting in line with your capability or capacity because each trader does have its own preference when it comes into this one.