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

[Inwestour]

Day trading may seem working on few traders, but majority are certainly losing on it. So I won’t suggest either to risk with day trading where losing is highly possible. Even experienced traders are doing it with high caution, yet some still lose in the end. That only proves that day trading will likely to cause you great losses than making possible gains. Better to focus on buying and long term hodling instead.

Even without day trading, not many traders can make money, and even those who make money statistically will lose in profitability to Bitcoin hold, so you can draw conclusions and save your time. Although every trader will want to test their strength in trading, for me it was an exciting activity, I liked trading, but when I compared it with my hold portfolio and realized that my trending was losing to it, I had no doubts left to give preference to Bitcoin hold.

[Don Pedro Dinero]

I don't know this information is true like 90/10 but there is a Pareto Principle that if you apply for trading profit and loss probability in a trader community, you will have like 80% loss, 20% profit. It's not too far from 90% loss and 10% profit and the fact can be somewhere around 80% to90% loss, in the middle or lower than 80% or higher than 20% loss, but this fact about risk of trading is very strong warning on newbie traders.

You apparently haven't realised that this statistic is generally for traders, not day traders. The more often you trade, the more likely you are to lose money.

If they think trading is easy, this information is strong enough to wake newbie traders up from their unrealistic dream.

Do you want to put your money where your mouth is?

In a period of 1 year? 5 years? I doubt anybody tried going back in 5 years to ask the same people if they managed to make profit.

I can almost guarantee in the longer period of tie the 10% in profit will become 1%.

Day trading puts you even more at risk.

It's just like that.

<...> you know what I mean.

Yes, it's clear to me that what you mean has more to do with writing whatever it takes to make up your weekly quota than with sharing knowledge you have on the subject.