I personally look at the daily gainers or losers list and then pick up a couple of coins from there which i could long or short.
I mostly do shorting especially with coins that are over sold in the gainers list but hey, every one has their most suitable strategy that works for them.
Topic: Token/Symbol selection for Trading (Read 23 times)
Okay I may have phrased my question incorrectly. I'm not talking about trade management.
It's about shortlisting which token would have the highest possibility of performance for the day regardless of direction. As in futures we could always long / short.
No one will tell you that on this forum. It is you as a trader that needs to find out about that. What I can only advice people is to go for reputable coins like bitcoin.It's about shortlisting which token would have the highest possibility of performance for the day regardless of direction. As in futures we could always long / short.
Why would no one help? I'm not asking to give specific tokens daily.. I want to learn how do people decide.. So if there are any courses whether free/paid or simply a mere discussion so I can learn from it.
Not here to ask financial advise nor give it tho.
Anyway thanks for the prompt replies I highly appreciate it.
Okay I may have phrased my question incorrectly. I'm not talking about trade management.
It's about shortlisting which token would have the highest possibility of performance for the day regardless of direction. As in futures we could always long / short.
No one will tell you that on this forum. It is you as a trader that needs to find out about that. What I can only advice people is to go for reputable coins like bitcoin. It's about shortlisting which token would have the highest possibility of performance for the day regardless of direction. As in futures we could always long / short.
Especially if you let the alert to always notify you anytime it gets to a price. It will keep sending you notification anytime it gets to the price. That alone for just a coin is disturbing.
Alerts are disturbing for me and I do not use them anymore.
Just trade one or two coins. You do not need to trade plenty coins.
If you have opened position, you can set TP or SL instead of alert.
Alerts are disturbing for me and I do not use them anymore.
Just trade one or two coins. You do not need to trade plenty coins.
If you have opened position, you can set TP or SL instead of alert.
Okay I may have phrased my question incorrectly. I'm not talking about trade management.
It's about shortlisting which token would have the highest possibility of performance for the day regardless of direction. As in futures we could always long / short.
Especially if you let the alert to always notify you anytime it gets to a price. It will keep sending you notification anytime it gets to the price. That alone for just a coin is disturbing.
Alerts are disturbing for me and I do not use them anymore.
Just trade one or two coins. You do not need to trade plenty coins.
If you have opened position, you can set TP or SL instead of alert.
Alerts are disturbing for me and I do not use them anymore.
Just trade one or two coins. You do not need to trade plenty coins.
If you have opened position, you can set TP or SL instead of alert.
Hi everyone. I've been trading crypto futures on Binance platform.
However Im stuck on.. How does one choose which token/Symbol they would trade with for the day..?
There is like 300+ tokens on Binance. I've tried setting alerts for the strategy I use and most of the time the number of alerts that trigger becomes way too overwhelming.
Looking for guidance in this.
Thank you everyone
However Im stuck on.. How does one choose which token/Symbol they would trade with for the day..?
There is like 300+ tokens on Binance. I've tried setting alerts for the strategy I use and most of the time the number of alerts that trigger becomes way too overwhelming.
Looking for guidance in this.
Thank you everyone
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