The risk is so high for day trading since you can possibly lose some huge amount of your capital on single mistake made and we are prone to encounter those FUD,FOMO or anything that can affect our decision so if we are not prepared nor have enough patience to deal with this then I guess its better to gain a lot of knowledge first so that we can avoid to lose due to unwanted circumstances and can decide for ourselves when doing trading decisions.
Although long term holding have risk but not the same when you do daily trades since you just need to wait for the set time before you decide to sell and you provably not get affected on any current happening in the market especially if you already set your target and intend that balance for long term.
I have made comparisons several times, and not only with day trading, but also with medium-term trading, and I can say that they will always lose to a hold (long-term trading, in my understanding, is a hold).
It may make sense to trade when the market is in the accumulation phase in a bear market, but in a growing bull market, there is no point in trading, you just need to choose a good coin and wait for profit, this will bring a better result than trading.I am not against day trading because this is also an effective way to make profits if you have trading knowledge and skills. But I like your thinking, during the rising season we should limit transactions and focus on long-term holding because profits will be higher.
I'm the one who made this mistake. I thought the bullish season hadn't come yet and there was still plenty of time for me to accumulate the projects I loved. I started taking some capital to day trade and with the goal of increasing the number of coins I was holding. But as a result, bitcoin skyrocketed and pulled the market higher, I missed out on some of my favorite coins and now have to buy them at a higher price. I only earned a few percent on each daily transaction but the value of those coins increased 5 to 6 times. If I didn't use trading to optimize my coin holdings, my profit today would be huge. And this is just one of the disadvantages of trading compared to holding during the bull season, holding during the bull season is the method that brings the greatest profits.