if might be helpful, you can start with coinmarketcap.com and choose the top 10 volume. I think it would be better than other coins that have a crazy volatility. the top 10 currently is like Eth, doge, or liteCoin
Top 10 altcoins in coinmarketcap is a big help that would help in choosing a profitable coin. Eth, waves, and dogecoin are profitable even holding for a long term. 
Topic: Day Trading Alt coins - page 2. (Read 1540 times)
My tips: I would start slowly (perhaps trading chunks of 10k satoshi) for a week or two, and use mostly the most well known altcoins (ETH, LTC, DOGE, XMR). What you get from that practice weeks is an idea of when those alts are low or high. Yes, you can get that info by looking at historic charts... but it is not the same. When you are in with some money, you get a sense of when an altcoin is cheap or expensive better.
Once you do that, put buying orders so that you know you'll get the altcoins at a good price, but that reasonable at the same time (too cheap and they won't fill). Sell at a guess for the top price for the day, but a little lower so that the sale order fills. Sometimes it helps to see the max and min of the day to get an idea of that.
Once you do that, put buying orders so that you know you'll get the altcoins at a good price, but that reasonable at the same time (too cheap and they won't fill). Sell at a guess for the top price for the day, but a little lower so that the sale order fills. Sometimes it helps to see the max and min of the day to get an idea of that.
NMC and PPC were great on BTC-e, but since WEX started up it has been painfully slow for alts 
Currently new to the Bitcoin/alt coin world. Want To know best practices for day trading, and any altcoins that are in paticularly good for day trading??.
Cheers
Cheers
Welcome aboard mate. Before beginning your journey in day trading, you must assess yourself first. Ask these questions to yourself:
- Do I have the foundation and basic knowledge of trading?
- Do I have the guts to day trade this very volatile market?
- What's my risk-level as a trader?
- What is my goal in day trading?
Please take note that these are only simple questions and many forum members here could provide you better ideas regarding day trading. These should help you to start your humble beginning as a day trader. Best of luck mate.
Currently new to the Bitcoin/alt coin world. Want To know best practices for day trading, and any altcoins that are in paticularly good for day trading??.
Cheers
Cheers
Welcome aboard mate. Before beginning your journey in day trading, you must assess yourself first. Ask these questions to yourself:
- Do I have the foundation and basic knowledge of trading?
- Do I have the guts to day trade this very volatile market?
- What's my risk-level as a trader?
- What is my goal in day trading?
Please take note that these are only simple questions and many forum members here could provide you better ideas regarding day trading. These should help you to start your humble beginning as a day trader. Best of luck mate.
My advice is to trade altcoins on fundamental analysis, instead of technical analysis ( get best of both worlds if possible ) meaning focus on the technology and features of the altcoin, along with recent news/software updates.
Picking from top volumes is a good start, but i think the markets is most predictable in times of news.
a good example is the SEC decision on the Winklevoss BTC product. The price acted as most people would expect, more so on the definite 'No' than before the decision was made.
Be sure to subscribe for updates for the coins you find interesting, and be ready to act on significant news
Best of luck on your trading adventures.
Regards,
Picking from top volumes is a good start, but i think the markets is most predictable in times of news.
a good example is the SEC decision on the Winklevoss BTC product. The price acted as most people would expect, more so on the definite 'No' than before the decision was made.
Be sure to subscribe for updates for the coins you find interesting, and be ready to act on significant news
Best of luck on your trading adventures.
Regards,
if might be helpful, you can start with coinmarketcap.com and choose the top 10 volume. I think it would be better than other coins that have a crazy volatility. the top 10 currently is like Eth, doge, or liteCoin
Browse through the Trading Discussion forums. There has been numerous posts with the same topics as this.
Any advice for altcoin day trading?: https://bitcointalksearch.org/topic/any-advice-for-altcoin-day-trading-1412001
share your tips trading altcoin?: https://bitcointalksearch.org/topic/share-your-tips-trading-altcoin-948668
Altcoin Daytrading: https://bitcointalksearch.org/topic/altcoin-daytrading-408787
Trading Tips On Day Trading and Shorts?: https://bitcointalksearch.org/topic/trading-tips-on-day-trading-and-shorts-1978971
Any advice for altcoin day trading?: https://bitcointalksearch.org/topic/any-advice-for-altcoin-day-trading-1412001
share your tips trading altcoin?: https://bitcointalksearch.org/topic/share-your-tips-trading-altcoin-948668
Altcoin Daytrading: https://bitcointalksearch.org/topic/altcoin-daytrading-408787
Trading Tips On Day Trading and Shorts?: https://bitcointalksearch.org/topic/trading-tips-on-day-trading-and-shorts-1978971
Currently new to the Bitcoin/alt coin world. Want To know best practices for day trading, and any altcoins that are in paticularly good for day trading??.
Cheers
Cheers
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