First of all you need to learn some TA for sucessful daytrading.
Basic foundation in that would be to learn - Elliott wave theory, Fibonacci retracement/extension + some indicators like RSI,MACD and EMA
So you can indentify support/resistance zones and sell targets.
Good luck!
Topic: I am a HODLer, but want to try day trading starting with $100. - page 2. (Read 359 times)
February 27, 2018, 09:36:54 PM
February 27, 2018, 06:44:15 PM
if you start with a capital of $ 100 then the profit you get will not be too much, you must be patient, the most important in daily trading is consistent
February 27, 2018, 12:48:35 PM
That is a really good and safe way, and is just how I did it. I am also a holder by definition, since I only buy coins I want to keep until a certain value is reached, but I also put a small amount of Bitcoin into trading alts but even then, not daring enough to try day trading like you! My suggestion,,, do not let the $100 fool you. 0.01 BTC is not a small amount. Trade coins that are below 50 cents and you have plenty to move.
Always check markets for volume, day trading needs high volumes.
Always check markets for volume, day trading needs high volumes.
February 27, 2018, 12:00:42 PM
You find them by doing some ground work and research but what you don't do and please don't do this, is join a pump and dump group because they will promise you all sorts of easy things but that is not the way! You may end up with a bit of ez money but most times you will get rekted, so avoid those groups please like the plague.
February 27, 2018, 11:28:46 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Thanks!
- Start with a good exchange (this is very critical)
- Look for a good (research) and relatively active coin (consistent high 24 hour volume)
- Market cap is not important but coin count is...avoid high qty coins if possible
- Watch/monitor the charts
- Avoid "flat" graph coins...look for very erratic behavior...those are your buy/sell opportunities (unless you want to jump from one coin to the other)
- Do not pressure yourself to buy or sell (i.e. do not have a fixed time period)
- Do not be greedy, collect those 20% or so gains and be happy
(see below).- Set a goal and act once met (deviate only when TA=technical analysis permits).
- Remember the mantra; buy low, sell high
Good luck!
February 27, 2018, 11:26:27 AM
$100 is actually very good if you have just started to do day trading because you probably lose money, I think you should find coins yourself otherwise you can lose more money.
February 27, 2018, 11:23:24 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Looks so difficult for a day traders to seeing any opportunity to get the coin that will be pumping soon. As far as i know your chance depends on the votality of the coin itself. Remember you are wanna doing a day trade dude. It may take a long time for a coin to get pump because that depends on the trend of crypto and the development progress itself. I suggest you to learn TA and FA rather than looking for coin is about to pump soon. Thanks!
February 27, 2018, 11:23:00 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Thanks!
With such a small amount to invest, it's better to stick with coins with a top 50 (or even better) marketcap.
My tips:
- use an exchange with low or zero fees, i.e. cobinhood, binance
- trade your coins vs. Tether, not BTC or ETH
- buy the dip (don't panic if you're too late, there will be more opportunities)
- never join pump & dump schemes
Example!
Buy Bitcoin at a relatively low rate (24h rate). Immediately open a sell order vs. Tether (USDT) at that price +3%.
When the order is finished, open a buy order at any lower price than last. Repeat!
February 27, 2018, 11:19:58 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Thanks!
I would say some simple steps:
1. Check the Marketcap (coins with low marketcap have good chances to gain)
2. Check the Coin/Tokens Website and the Roadmap and the Team
3. Join Telegram Channel of your choice
4. Make some rearches about the Token/Coin and Team Members
5. Invest in your choice where you have a good feeling
February 27, 2018, 10:44:56 AM
No one knows about the future of its coins or token, so why not just go with the top one hundred coins in the market?at least their line are secured since the coins has already its value?
February 27, 2018, 10:36:15 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Thanks!
$100 is not much, but if you buy at the right time you could make a decent profit eventually. No one can tell you what coins/tokens are about to pump. You have to make that decision by yourself on your own research. If you are not a professional in crypto trading, it's crucial to investigate and read as much information as possible and collect all the important aspects, positive and negative, before making an investment decision.
February 27, 2018, 10:28:16 AM
I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
Thanks!
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