Greygress Wrote: I only daytrade coins that I don't mind holding, I aim for a 2-5% profit per trade and doing so has netted me quite some cash yes.
This is the key to successfully day trade. Small profits with a small portion of your whole funds over and over again.
Also make up your trading rules and stick to them. Cash out when your desired profit is reached, don't be greedy. Same goes for losses: you lost 3% with this trade? Sell and try again, don't try to wait it out.