The Hard Facts of Daily Crypto Trading 💸

1️⃣ Daily Crypto Trading Does Not Guarantee Monthly Income

Even the best traders are not guaranteed to continue making profits. The crypto market is difficult to predict. Daily trading results are a combination of profits and losses, which can be higher or lower than the initial margin.

2️⃣ You can lose your entire balance just because of a small mistake

Due to high market volatility, small mistakes such as not setting stop-loss and take-profit correctly, can make you lose all your profits and balance.

3️⃣ Most Day Traders Give Up in the First Year

Day trading is challenging, and most traders give up within the first year. One of the reasons is because they have unrealistic expectations because they believe they will get profits quickly and easily.