Topic: Day trading - page 5. (Read 2492 times)

 I have to say, I'm speaking about ETH tokens,
"Most exchanges use hundreds of wallets", that's not true most of the centralized exchanges use few addresses (public) and have many internal addresses for tokens for example binance, they have https://etherscan.io/address/0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be#tokentxns, and few other token addresses. Thanks to transaction costs exchange can't have many public addresses, because then they would have calculate fees with transaction costs. Most of the transactions at centralized exchanges are done by internal transactions between internal addresses which are of course like you said untraceable. But that doesn't mean you don't know what is deposited to the exchange (withdrawals are thanks to the different withdrawal addresses difficult to tract but not impossible).

"If you try to determine the amount
by looking at the order book, you should be aware of the fact that many shady
exchanges use spoofing to give the impression of support "walls"."
Agreed, that can't be done.


"How would you track their movements?"
Same principle like exchanges, depends how many big holders there are I would argue in current state and network-speed, its possible to send, trader notification that "big holder" moved his money, even before the transaction is confirmed (for like top 50-100 holder addresses). You know then, who is sending tokens where and how much they're worth, obviously he can just send his tokens to exchange and back (or to the other address), just for fun, but how many big holders really do that.

this can not be done in crypto. due to its fall in price. when the bear months of crypto are over. then we can trade day. Today's long term trade is what we can do. wait for market changes.

How exactly can you see how many tokens are on the exchanges? Most exchanges
use hundreds of wallets, which makes it nearly impossible to determine how
many funds are actually at the exchange. If you try to determine the amount
by looking at the order book, you should be aware of the fact that many shady
exchanges use spoofing to give the impression of support "walls".

I also have no idea why you think that it is possible to see what the big holders
are up to. How would you track their movements? I don´t think that this
is doable and cryptocurrency trading markets are just as opaque as
stock market trading.

I agree long-term investment is indeed the best choice to be able to get a bigger profit, basically both strategies will both be able to give us profits and have the risk of each on the traded coins. there is no harm in you also analyze a few other coins that have the potential to move quickly so you will be able to get a quick profit too.

Yeah I agree, but if you think about it it should be more predictable than stock markets. Because you can:
 

• see how many tokens are on the exchange
• see big holders and their movements
• monitor exchanges and their deposits/withdrawal transactions

All this information should help you make better decisions, I believe we should make more predictable then stock markets. I think (wild theory) most people are focusing on wrong information to focus,
all those signal groups / 17 y.o youtube traders / rumors.

I have created simple notification bot/app/platform for few tokens/markets deposits and test traded for lower risk trades, of course I can't make big enough sample of trades to say its working, but so far I'm satisfied with the outcome. That said I believe this bot/app/platform would be more powerful in hands of traders. // Disclaimer this is not solution which is  money factory, passive income or any other get rich quick scheme. I'm just relaying information straight to the user.
If you are interested you can check twitter, write me a Pm,  I'm now focusing on low market tokens as to POC.

day trading on the crypto-currency market is very dangerous and unpredictable. I prefer to invest for a long time. this is the best strategy

Good suggestion and being a trader you should have a wider knowledge on the coins your dealing as this can loss your money if you miss the opportunity. Learn first the basic principles of a trader. Don't afraid to take the risk.

Depends on what you want in the end. There are long-term contracts with a large volume of investments, but also a large profit from them. The payback of this exceeds 200% per year.

Actually the current market conditions do not seem so bad for a daily trader, because the price of bitcoin has been moving at a fairly stable price range over the past few weeks, but this low volatility still allows it to generate a profitability of 10% daily on average.

It is true that people involved in cryptocurrency trading can see with some disdain a gain of this magnitude, because they have become accustomed to violent swings of 50% from one day to the next, but compared to other markets it is still quite appetizing.

Day Trading at least you earn +5%-10% of your money is good enough..

That's why to minimize the risk and he must try to get the altcoin when it was reached the dip price. There was no reason not to do that consider more dip and that will give you a little risk to get lost.
The market is so unpredictable and this will be so long until there will be a new bubble will come

Some points I note that trading is risk and it is not everybody cup of tea . Be ready to take losses as well and hold for some months if required . You need to have Patience and not all trades will give you profits . You may have to book losses as well .

If there is an opportunity to play down (short), then you can earn good money in a falling market. Of course, most of the assets are HTB, but the main ones, such as BTC, ETH on some centralized exchanges, may be shorted.
Yes, the liquidity on the cryptomarket is too low. As far as remember, I did not trade more than 1000$. And it was hard. Only with a capitalization of more than 1000 million, liquidity will be minimally acceptable. It would be desirable, not due of new startups, but by the development of existing ones.

The future of altcoins will be ok, and I expect a select few to survive the times, but new ones will always come and useless ones will always die during bearish times. In my opinion, it is better to do your own research too, and follow your instincts. However, articles and good blog posts can give you hints and you can have a look at the projects to make up your mind. Check out Eterbase. It is an exchange where each trading pair is deployed on a dedicated instance of an order matching engine to ensure high order processing and exceptionally low latency for all users.

I would say a minimum of $1000 will be a good start.
That beiing said, with that amount you can diversity and have a very well distributed porfolio.

Day trading is difficult now when altcoins are in a bear market. Unless you are very accurate in predicting the temporary bottoms, you have a higher chance of bag holding coins which may continue dropping. Another issue is the lack of liquidity if you are trading large amounts during this summer where many people have cashed out.

The bigger capital, the better in day trading. You need to have at least more than 0.005BTC to move in and out of exchanges and that can be your standard profit from day to day. And if things are moving slowly, go on and look to explore more of your skill in trading by trying out and going with some other coins that has larger volumes.

In my opinion, doing daily trading is a very risky job. So, we trade carefully and make enough entries and make profits. Only have the strategy and discipline to stick to it.

There are no exact amounts at the moment, but I believe that at least 20000$ (twenty thousand dollars).The greater the investment, the greater the profit.

I think holding and not making daily trading are very important for now. In my way of thinking, this low prices are affecting the other new and old prices, and I think the  new coins are very important to have profit from daily trading.