#DayTradingStrategy

My experience with day trading on "Binance" was filled with challenges and valuable lessons:

1. **High volatility:** Rapid and sudden market fluctuations in cryptocurrencies present potential opportunities and losses.

2. **Risk management is key:** Setting stop-loss points and calculating position size were essential for survival.

3. **Discipline required:** Sticking to the strategy (I used support/resistance and simple technical indicators) and not getting swayed by emotions was difficult.

4. **Mental exhaustion:** Continuous screen monitoring and the pressure to make quick decisions were very stressful.

5. **Fees eat into profits:** The costs of frequent trading on Binance significantly affected net profits.

**Conclusion:** I made some profits on good days, but the losses on other days were harsh. Day trading requires full-time commitment, iron discipline, and strict risk management. **I do not recommend it for beginners, and always start with amounts you are not afraid to lose completely.**