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.
All matters on how you would be able to sustain because at the time or moment that you do deal up with trading and we do know that there are different types of trader on which you would really be neither to have that daytrader or would be a scalper or would be that a long term ones. If you are planning to become a day trader then make it sure that you've been that good when it comes to spot trades on swing then you would definitely at least have the idea on what you've been dealing on specially when dealing up with volatile prices in short time candle time frame on which i would be saying that it would really be that much needed and wont really be putting yourself into some issues at the time that you've decided to go with another path or way on how to trade up with the amrket. Losing money is really just that normal because you cant really be that perfect when it comes on trading up with this volatile space. No matter how old and veteran you are but still you would really be able to experience loses on which this is really that something inevitable. If you dont like on losing money then trading isnt for you or any other similar investments or even on gambling. Dont day trade if you arent that good when it comes to swing trades or higher timeframe on which you would be able to have such difference.