Losing game to 93% percent of traders, right? The chances of being a profitable trader is not exactly zero, so no one should get into the game expecting to be profitable.
That's correct. Achieving success as a day trader is extremely challenging. I'm personally acquainted with two people who have pursued this path. One of them suffered a mental breakdown due to the stress involved.
I dont know if you have enough money to do that.
The price of bitcoin can move by quite a bit, and you need to cover your position.
Eventually you lose.
It makes sense when you know what you do.
If you want to buy bitcoin at the end of the month, because you have to wait for your money but you fear a higher price at the end of the month you can go long 10x with a small amount of sats. If the price rise you will profit, if price falls you will buy cheap sat.
So you can secure yourself against high volatility.
Everything else is only gambling.
I throw around $100 here and there when the volatility is moving up and down quickly. I usually leverage around x20. But beware of being liquidated quickly if Bitcoin falls like the last couple days.