I understand all you're saying about day trading and it's implications in making you lose more money than get profits, but nevertheless I'm not conversant with this particular day trade you are talking about but you spoke so well that it is more risky which we all know risks is inevitable in every investment or trading but as a day trader do you lose in continuous basis or it's basically because of lack of experience or knowledge.
There are still people that are making money from day trading and we should just think that because some may be making losses from dat trading, then it's not a good way to trade and make money. Every traders does not have the same portfolio that can sustain one to hold trade for a very long time that's why it's good for us to trade based on what we hold and our understanding about the market. We still have scalpers that do trade under 5 minutes timeframe which are in the market to cash some profits within few minutes.
Everyone need to trade based on their knowledge and what they can sustain because not every traders have huge portfolio to sustain a long trade.