Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Why is day trading considered riskier than long-term trading?
Often times the commission fees add up a lot. Many times the mundane fluctuations in the stock market on a day to day basis are just white noise, whereas long term investing generally lets you appreciate value based on the market reactions to actual earnings of the company or basket of companies. Day trading often involves leverage as well.