Please advise if the short-term crypto trading makes sense and is worth it? What are the pros and cons? Is the risk to lose everything higher than traditional trading? Please share your personel experiences as crypto traders.
Thank you in advance.
I am not a pro but what I understand in your question is that what you mean in short-term trading is shorting? It is more risky than the traditional buy low and sell high wherein you can wait for as long as you can. In shorting, you borrow some funds to sell it and wait for the coin to go down in value to buy lower which is risky because if you leverage it by 10x then there is a risk you might get rekt if the coin go higher. You need to understand the concept of trading and understand the movements of the candle and you should always have a trading plan so that you can put stop loss to minimize the risk. It is profitable if you understand what you are doing but there is a risk to lose your capital if you are not careful. It is not advisable for newbies in trading.