It sounds like you may be overwatering it as an every day schedule is likely to be keeping the roots saturated and preventing them from getting oxygen. The key is to keep the soil moist but not soggy wet. You may need to dig down a few inches to see if it is soggy or if it needs water. Allowing it to dry out just a bit between waterings is good and may help turn the problem around if it is not too late to save your new tree.
Thanks for the question. Please stop in again soon!
Q&A Library Searching Tips