This is a great lesson and one tip given for free. I don't usually trade, mostly I buy as a long term investment, but I want to try to do this more often. And such practical examples with higher time frame allows me to put some strategies in place and also do my own things.
I don't have a great appetite for risk, I am more like an ant and want to gather everything that I can and this strategy provided some insight to try it out.
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Day trading actually allows you to manage your risk a lot better than by simply buying and holding.
When you day trade, you're able to define your risk perfectly and set stop losses that only ever let you lose small percentages of your account if you're wrong. Even better, it allows you to target much larger percentages than you risk on each trade.
Wait for the money management section of the guide and I'll go over this in more detail.
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