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Topic: How do I become a Crypto day trader? - page 4. (Read 451 times)

sr. member
Activity: 1680
Merit: 259
June 06, 2018, 03:50:49 AM
#33
What tools are you using to manage your daily trading? Which strategies are working best?

Day trading is the most difficult method in trading world, using short time period, stop loss and take profit with low range and some people do with only one shot with out protection ( recovery ). Practice with real money is the right step because will give you true condition ( reality ) about the risk. Don't push to hard, make time to learn the basic trading, practice and good luck to you.
full member
Activity: 798
Merit: 104
June 06, 2018, 01:47:41 AM
#32
What tools are you using to manage your daily trading? Which strategies are working best?


There is no tools to be used on managing your daily trading. Only thing to do is  gathered some information by reading through this forum on trading discussion and learned from it. Try it with yourself in a small amount of trading as a practice which you can used your technical analysis in analysing the coin, this is to become a better crypto day trader.
hero member
Activity: 896
Merit: 514
June 06, 2018, 01:41:00 AM
#31
Firstly you yave to learn about technical analysis because this is will be basic of day trading. Use time frame minimum 1 hours and learn price action of crypto by understanding chart pattern and candlestick pattern. You should understand about support and resistance level to decide entry buy and sell. Other important thing you have to set percentace of take profit and stop loss in every trade.
You can only be successful in day trading once you will go for with all your heart and mind. You need to be sure that you want to do it yourself and that you are ready to learn anything which you need to learn honestly. It takes a lot of efforts for anyone to learn those things but once you learn such things, then making of money is just a piece of cake and that all your efforts will then bring a sweet fruit for you.
member
Activity: 336
Merit: 10
June 06, 2018, 01:00:34 AM
#30
to be a crypto trader with daily trading it seems you have to have expertise in the world of trading and must have a good experience to be able to determine the right time to buy and the right time to sell.
legendary
Activity: 3248
Merit: 1179
June 06, 2018, 12:38:33 AM
#29
What tools are you using to manage your daily trading? Which strategies are working best?
I have no specific strategy in the world of trading Bitcoin and Altcoin. It's just that I just apply the system short term and long term. Expect to gain profit with short and long term
Yes it is good way of making profit from day trading and long term trading, we need to have many things Sin our personality if we want to become good at day trading, we need to have skills, we need to have fine information about market and to know when to sell and when to buy, at the time of red never think about selling for day trading, so buy at low and trade after making it high, you needs to be a bit experienced and well skilled if you want to earn huge from day trading.

This newcomer asked for daily trading and the tool we use to maximise profit from that. I don't know why you talk about long term trading and about what suits you in that.
It's not easy to be successful in daily trading, first of all you need to have time to sit at your desk and computer couple times per day, at least couple hours each time. More time you spend, more informations you can gather, more opportunities you have for making good trades in the right time.
Daily trading isn't for people who have trade for the first time, it's not easy to follow the market movement if you don't know nothing about the market. Learning is essential, later you can start with practice and more practice you have, more chances for successful trade's you have.
sr. member
Activity: 1236
Merit: 252
June 06, 2018, 12:15:25 AM
#28
What tools are you using to manage your daily trading? Which strategies are working best?
I have no specific strategy in the world of trading Bitcoin and Altcoin. It's just that I just apply the system short term and long term. Expect to gain profit with short and long term
Yes it is good way of making profit from day trading and long term trading, we need to have many things Sin our personality if we want to become good at day trading, we need to have skills, we need to have fine information about market and to know when to sell and when to buy, at the time of red never think about selling for day trading, so buy at low and trade after making it high, you needs to be a bit experienced and well skilled if you want to earn huge from day trading.
full member
Activity: 448
Merit: 100
June 04, 2018, 10:02:11 PM
#27
If you subscribe to cryptosomniac you would have gotten a pdf file today containing some TA for Bitcoin. The last two slides show Bitcoin as quite bullish for the long term but to basically expect a long extended sell off period. Make what you will of it and always do what’s in your best interests.
newbie
Activity: 6
Merit: 0
June 04, 2018, 09:25:34 PM
#26
What tools are you using to manage your daily trading? Which strategies are working best?

I use Arbitragewin arbitrage trading bots to trade for me. It is buying lower price at exchange A and selling them higher at exchange B. Minimal risk and decent returns.
newbie
Activity: 35
Merit: 0
June 04, 2018, 07:55:41 PM
#25
I don't do day trading but if I do I would use a good trading bot for day trading because you need to be either a whale or be very experienced, I don't think technical analyses work good for daily trading.

I agree, I think the technical analyses are sometimes overestimated. Most of the time it is beter to hodl than to daytrade.
legendary
Activity: 3248
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
June 04, 2018, 07:43:58 PM
#24
Tools?
I dont have one. Just my instincts and manual trading.
I remember Aion when I was trading in Binance. Easy to do it there for you can check from time to time using their android app.
 Made my 100 Aion into 180 in just a manner of a week.
It is worth 3 dollars a piece before. I dont know now since I sold it all. Somehow it is tiring to monitor a lot of tokens. So I just picked my favorites and stayed with them.
member
Activity: 546
Merit: 10
💲 EMIREX EXCHANGE 💲
June 04, 2018, 06:44:45 PM
#23
daily traders have a higher risk, especially because it is this crypto fluctuations are things that often make people become easily panic sell. capital for day trader should also be bigger. Day trader is more suitable for those who are already experienced in analyzing the chart
member
Activity: 294
Merit: 10
★YoBit.Net★ 1400+ Coins Exchange
June 04, 2018, 04:36:50 PM
#22
What tools are you using to manage your daily trading? Which strategies are working best?
You can find your answer in all of the day trading tutorials on youtube. The videos will guide you very carefully, and you can entirely become a successful trader with intraday trading
member
Activity: 294
Merit: 14
Chainjoes.com
June 04, 2018, 04:34:33 PM
#21
What tools are you using to manage your daily trading? Which strategies are working best?
I use DMI, RSI, Bollinger band, and MACD. The clue to get profite is knowing the trend of coin. DMI so usefull to get that. I also use MACD to look market trend, but I use it for backup dan other support. RSI is for look how possible they can be. Bollinger band is to where support and resistant will change and trend will be change again.   
member
Activity: 322
Merit: 23
June 04, 2018, 01:40:49 PM
#20
What tools are you using to manage your daily trading? Which strategies are working best?
I don't want to give you a tool or whatever regarding day trading, because I personally hate that work.
Learn by your own self by searching and others day traders are so a risk work I don't even want that so stressful monitoring the price movement in the market cap. If I were you just learn first the low cap trading before to do that if you really want.
sr. member
Activity: 532
Merit: 250
June 04, 2018, 01:32:01 PM
#19
I don't do day trading but if I do I would use a good trading bot for day trading because you need to be either a whale or be very experienced, I don't think technical analyses work good for daily trading.
full member
Activity: 540
Merit: 100
BountyMarketCap
June 04, 2018, 01:00:17 PM
#18
What tools are you using to manage your daily trading? Which strategies are working best?


I believe that there are lots of resources for us to gain more knowledge about day trading. It is just for us to make way. The internet has a lot of information about trading and if we are just willing and eager to learn, we would be able to do day trading successfully.
jr. member
Activity: 126
Merit: 1
June 04, 2018, 12:06:17 PM
#17
Technical Analysis is great to use when you are day trading, watch some videos in youtube about Technical Analysis and you can get resources in investopedia.com
sr. member
Activity: 462
Merit: 250
June 04, 2018, 11:47:53 AM
#16
What tools are you using to manage your daily trading? Which strategies are working best?

First thing to be followed is that we have to go though the technical analysis of the cryptocurrencies. Then we should be updated on the latest news about the market. and we also should know about the past histories so that it might be useful before making a decision.
legendary
Activity: 1596
Merit: 1011
June 04, 2018, 11:10:07 AM
#15
What tools are you using to manage your daily trading? Which strategies are working best?
you should better learn first and educate yourself about market and learn how to use indicators before trading and theres no best strategy of trading sometimes you need luck.
when we want to become a trader then we must learn all things related to trading. analysis of coins and also how to make decisions is an indispensable thing. please ensure that experience will also affect the results we will receive. a trading also requires good emotional control because without it then it can not all run smoothly. I personally believe in luck, but the percentage I think is very small and about 15% that determines the outcome is a fortune. but believe me that when we have the skills and also the good experience then we will be one step towards success.
member
Activity: 313
Merit: 11
June 04, 2018, 10:52:38 AM
#14
What tools are you using to manage your daily trading? Which strategies are working best?
you should better learn first and educate yourself about market and learn how to use indicators before trading and theres no best strategy of trading sometimes you need luck.
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