Does anyone in Singapore trade mainly or solely in DLCs? What are the trade-offs?

I am seeking advice on trading Daily Leverage Certificates (DLCs) in the Singapore market. I understand there's an expiry date of DLCs and provides fixed daily leveraged exposure—such as 3x or 5x kind. This means the gains can be quite significant when the underlying moves in the right direction, but the losses can be equally large when it moves against you.

If so, is it realistically possible to generate something like S$1,000 a day consistently, or would that require a very large amount of capital and risk? Not looking for specific buy/sell recommendations—just hoping to hear about people’s experiences and better understand the risk-reward trade-off.