Day Trading strategies and tools | Bitcointalksearch.org

droptableguy2

member

Activity: 434

Merit: 10

Quote from: Magister Magus on February 11, 2018, 04:40:33 PM

No, no, no,... if you ask this kind of questions, it's better that you keep safe your money somewhere.

In forex there is the so called "rule of 90": 90% of the traders lose 90% of money in the first 90 days...

And - please note - forex is a more stable and easy market than crypto, that is completely crazy.

Trading in crypto can be very profitable, but daytrading is an extremely high demanding activity, and for a beginner it will almost certainly end in a bloodbath.

So, study a lot, make somewhere a demo account, work for a while with an experienced trader, and only then try to put your money on the table.

Quote from: malikzfs on February 10, 2018, 10:09:17 AM

Hi Fellows,

Just thinking to start day trading , need guidance from all you plz tell

1) What are you strategies for day trading
2) which tools are you using to monitoring and alerts for coins prices
3) what are your daily target for profit.
4) any BOT you are using for day trading
5) Websites or apps to get latest news
6) how will you handle the losses
7) How many coins are you using for day trading
Cool

which day time is best to buy and then sell
9) Currently which coins are you using for day trading

Right. The subject of this topic is setting too many criteria for an investment, if it is certain then people do not participate in any financial market. Financial investment needs knowledge and calculation, but in detail you will lose your opportunity.

Magister Magus

member

Activity: 328

Merit: 39

No, no, no,... if you ask this kind of questions, it's better that you keep safe your money somewhere.

In forex there is the so called "rule of 90": 90% of the traders lose 90% of money in the first 90 days...

And - please note - forex is a more stable and easy market than crypto, that is completely crazy.

Trading in crypto can be very profitable, but daytrading is an extremely high demanding activity, and for a beginner it will almost certainly end in a bloodbath.

So, study a lot, make somewhere a demo account, work for a while with an experienced trader, and only then try to put your money on the table.

Quote from: malikzfs on February 10, 2018, 10:09:17 AM

Hi Fellows,

Just thinking to start day trading , need guidance from all you plz tell

1) What are you strategies for day trading
2) which tools are you using to monitoring and alerts for coins prices
3) what are your daily target for profit.
4) any BOT you are using for day trading
5) Websites or apps to get latest news
6) how will you handle the losses
7) How many coins are you using for day trading
Cool

which day time is best to buy and then sell
9) Currently which coins are you using for day trading

malikzfs

newbie

Activity: 42

Merit: 0

Quote from: arpon11 on February 10, 2018, 11:35:49 AM

Quote from: exp9898 on February 10, 2018, 10:34:05 AM

indicators -

BB
EMA
AO
MACD

Volatile pairs are best for trading. Time of one transaction 3-12 hours on average

I do use boligo band and relatively strength index trading tools to analyze the state of the market during my trading of forex and commodities. In day trading one has to be very fast and caculative if you actually want to make it. Most time you will need to always be on alert if not you will lose a lot of trading opportunities. If you are good in spotting pattern using candlesticks you can also apply the same knowledge you have from long-term trading to day trading.

Very good information any other plz

arpon11

sr. member

Activity: 882

Merit: 282

Quote from: exp9898 on February 10, 2018, 10:34:05 AM

indicators -

BB
EMA
AO
MACD

Volatile pairs are best for trading. Time of one transaction 3-12 hours on average

I do use boligo band and relatively strength index trading tools to analyze the state of the market during my trading of forex and commodities. In day trading one has to be very fast and caculative if you actually want to make it. Most time you will need to always be on alert if not you will lose a lot of trading opportunities. If you are good in spotting pattern using candlesticks you can also apply the same knowledge you have from long-term trading to day trading.

jassanpary

full member

Activity: 420

Merit: 102

Arianee:Smart-link Connecting Owners,Assets,Brands

Quote from: mountrock on February 10, 2018, 10:45:44 AM

Day trading is not as simple as people would describe. I would suggest you to do your own due diligence and home work before you start trading. Crypto as we know is the most volatile investment on earth. that means risky, guess what? Crypto daily trading even more risky. I am not discouraging you though, if you have done your study well and proven that you are good at it, then why not eh?

Day trading purely depends upon the luck but along with that need to have a proper knowledge about the coins and research should be made on the coins that may help but I think luck plays a vital role in day trading.

mountrock

member

Activity: 154

Merit: 10

Day trading is not as simple as people would describe. I would suggest you to do your own due diligence and home work before you start trading. Crypto as we know is the most volatile investment on earth. that means risky, guess what? Crypto daily trading even more risky. I am not discouraging you though, if you have done your study well and proven that you are good at it, then why not eh?

exp9898

newbie

Activity: 11

Merit: 0

indicators -

BB
EMA
AO
MACD

Volatile pairs are best for trading. Time of one transaction 3-12 hours on average

malikzfs

newbie

Activity: 42

Merit: 0

Hi Fellows,

Just thinking to start day trading , need guidance from all you plz tell

1) What are you strategies for day trading
2) which tools are you using to monitoring and alerts for coins prices
3) what are your daily target for profit.
4) any BOT you are using for day trading
5) Websites or apps to get latest news
6) how will you handle the losses
7) How many coins are you using for day trading
Cool

which day time is best to buy and then sell
9) Currently which coins are you using for day trading

Topic: Day Trading strategies and tools (Read 96 times)