Topic: Trading Tips On Day Trading and Shorts? (Read 1584 times)

The top 20 list on marketcap just is volume change + all value coin => Ranked up or down, if you want real top 20 altcoin, you need find and read more news about this altcoin, look like as XMR, DASH, ETH, LTC are on top 20 (my think)

For simple strategies, just read and read news regarding crypto currency, always watch thr reistance and support so you can ascertain if a coind could dump or pump. And lastly, know how big whales trade so you can benefit for them.

Actually day trading is not posible with only wins. if you try to do day tradding you must lose than win.So if price down dont sell panic.try to hold to get profit.mind it only you lose when you buy high sell low.

Day trading is not that easy as people think, it has got lots and lots of complications incorporated into it. Even a small mistake will lead to a major loss. So before deciding yourself to be a day trader analyse well about the market and learn as much possible then decide whether it suits you. Based on that make you involved and then based on your skills you'll be profited.

Exactly. The day trade is not easy but when you take total volüme and price into account. This help you increase your chance to close your position with profit.

I also check the trend. For this bitcointalk forum and some crypto web sites are really good.

For short trading i think you can choose coins that new launch in trading site where you trade. If that coin dump buy then wait an hour if you see that coins moving up and you have profit sell it then buy again.  You can roll it 3-4 times then go to another coin.  That is my strategy for short trade in oneday i saw my profit.

no matter what you do in cryto or shear or asset trading it is gambling,,, even after you do your thorough research and buy coins for a longer period it is because you are a gambler and you are willing to bet on your findings.. so still i tell you that are some other good techniques and patterns that one can bet on in short term trade and still make good profit..

I aim for 1%profits, sometimes 2%. try to buy bellow the lower BB on coins with some volume (top 20 on polo). If im conservative i place the sell order bellow the EMA 50, if i´m willing to risk or hold for more time i sometimes get a little more greedy and go above the EMA.

Strategies for short or daily trading I think we should always look at the market, because if we do not keep an eye on the market and prices go through some raise it will certainly make a loss. Doing daily trading can not make big profits, it would be better if done with a larger amount. I do not have favorite coins to do a short or daily trade. Before doing this trade I always see the fluctuations of some coins that have potential. Like bitcoins some time ago whose prices continue to increase in just a few hours, this situation is the right time to do daily trading.

Hi guys! what is the best broker to trade different types of coins? what d o you think? Any ideas? thanks

There are professional traders who make a living in the stock market, but they aren't day traders who trade intraday and rely on technical indicators - they are money managers who rely on a combination of fundamental and technical analysis - not just technical. They mostly lean on fundamentals though.

There aren't any people who "day trade" on the stock market and make a regular income from the trades they make. People who trade on the stock market and get a regular income for it are people managing funds, making money based on fees from those funds in addition to bonuses based on fund performance. They are not day traders in the sense that you are talking about.

And just fyi, anybody on these forums claiming to be a professional day trader who makes profit every month making multiple trades every day is lying to you. Studies have shown that the more frequently people trade, the poorer their performance. Furthermore, almost nobody can consistently beat the s&p 500. One study found about 0.6% of fund managers could do it.

Seriously, go to www.demoinvestor.com and make some demo bitcoin trades. Try to beat the market. I absolutely guarantee you won't be able to do it consistently. Ask other people to try... nobody will be able to do it.

Well, I choose which coin has a great volume and I also consider the price. When the price of that coin is quite stable and the support is huge, I'm going to scalp it since it's the right coin to trade.

that's true those coins which still undervalued are the coin to be watch if the dev is really active and they keep providing news and development that's the coin to watch out, i don't do a day trade seen i really love to earn huge and long hold is the best way to that.

Heard any information from devs team about its development, whether this coin will rise or stay below the line forever.
Honestly, I don't trade daily or short term, because some coins usually rise up after several weeks or months such as some famous coins which has reach over $50. Visit coinmarketcap and look at the charts.

What I often noticed was the volume of 24 hours ,, and also the percentage decrease in the price of the coin itself. The percentage of decline is usually when there is a dump, there we take the opportunity to buy cheaply and sell it when it's got a profit

Few tips from my side :
1. Never try margin trading if you don't have any idea about it and don't have huge amount of bitcoin to insure you will not loss all you have.
2. Never buy anything on peak price
3. Don't sell when  your coin gets some correction (small dump)
4. Don't follow any suggestions you might get from trollbox, chatbox etc.

In my views, day trading is simply a "trading malpractice".
If you are aiming at making profits by buying goods or cryptocurrencies (here in case) just from money point of view then it is nothing less than wagering and doesn't come under legit "trading".
Considerable timing is essential for proper mature profts and in this case, profits can only be luck stricken and not assured.

I noticed that problems, I guess this strategy would be good just for occasional profit opportunities and not a regular daily profit.


Thanks for the advice!

I know, probably there is a different strategy for each individual because there is so many variables that makes almost impossible a "recipe for profit", but I'm working on my own strategy and would like to see different ones and test them as well.

The top 20 list you mean in market cap or % of volume change in 24 hours?

You're right, anecdotal examples proves nothing, don't know why I gave one, but anyway.

For your information, there are professional day traders that operate in the stock market and make a living of it. Let's analyze your theory:

"Charts doesn't make behavior patterns that can reduce the odds of "

Ok, so the expected thing to realize is the only way of getting some profit is investing, not trading, or being lucky.

So according to your theory, if I enter in an operation, my odds of getting a profit is around 50%, only higher if I do my research and invest in a good coin that are cheaper than what's really worth (and expect to people notice that after I'm in).

The next thing to expect is that professional day traders of the stock market were either unemployed or pure scammers, because as we know, professional day traders don't necessarily look for the intrinsic value of what they're buying, mainly the price behavior in the charts.

So the profit of professional day traders should be exactly 0% in the long run, because 50% chance of profit and the 1:1 ratio would end up in nothing in the long run.


I don't have to bring proof or take all bitcoins of the market for myself to prove otherwise my points are invalid because it's not just simple as that, as I said before, with the correct technical analysis you only can reduce the odds of being wrong, not predict the future.


Annnnnndd you never drew a Fibonacci in your life to see that it works most of the time.

Best strategies = Make your own, there is no any easy to follow straight guide available for crypto trading. Buy during dump/correction and sell when there is huge pump on the coin you are holding but don't wait to get more than 1.5x from those short term trades.

Yes all coins that are in top 20 list of coinmarketcap.com are good for both short term and long term holding.

i have tried this, the headache is not worth the profit. the biggest and most obvious risk is the price going down because someone else did what you were planning to do or someone on that platform sold and caused the price to drop.
but the worst part is waiting for some of these altcoins to confirm. many of them have broken blockchains which means disabled wallets on many exchanges or in many cases a different chain because there was a fork you didn't know about. so many seem to have a fast transaction but it takes a long time to actually reach the number of confirmation the exchange requires and that is a lot of time wasted for a tiny profit.

What kind of volume you pay attention to? Last 24 hours or buy and sell volume variation?

I am thinking about creating a spreadsheet to calculate the percentage change of the last minute, 24 hours and 7 days of volume variation in the 24 hours volume indicator, this is the kind of volume variation that you are talking about?


Thanks for the response.

Currently I do not have favorite coins ,,
The most common strategy is to look at the volume. When looking at drop coins at least 30-40% ,, there usually I start to make a purchase. But before we have to know first supply of the coins ,, in order to be calculated the price is suitable for the coin.

For more safe again ,, we add buy order under it with bigger value. This prevents when the coins drop past the first buy order ,,. To reduce the risk of loss

Hopefully help you when doing daily trading

This isn't a matter of opinion. You guys aren't providing any evidence for your claims. Have you guys personally outperformed the crypto market with your trading? I doubt that you have, or know anybody who has.

I challenge both of you guys to try it. Go to www.demoinvestor.com and create two accounts. In one of them, immediately buy $50k worth of Bitcoin and hold it. In the other, actively day trade Bitcoin. Let's check back in a few months and compare them. We'll be able to see how they are doing on the leaderboard.

@blester I agree with you. Though there is a luck factor, but on the movements in trading you can apply technical analysis and study the patterns or graphs. They say that history repeat itself, so is with the trading history. You can stud it and be alarmed when there is a trend.

First of all, the anecdotal example you gave proves nothing. Profiting one time on a trade doesn't mean anything.

Second of all, trading is not binary like you are suggesting. It's not like your prediction is just right or wrong. you can profit on half your trades and lose on half of them, but if you only profit 5% when you're right and lose 10% when you're wrong, you're gonna lose a lot of money. Even if you are right 60% of the time, you'll lose money.

All that being said, none of this matters. You can trade crypto and profit, but if you profit less than holding then you have underperformed.

There are no "professional" crypto day traders out there who consistently beat the market. Even in other assets this is extremely rare, if it even exists. Show me a single person or example of somebody day trading and beating the market. I am certain you won't find anyone.

If you want to make real money consistently, learn to trade stocks over periods of time between roughly one and four months. That is what I do and I continually crush the market. Day trading crypto is gambling and the more you do it, the greater your chances of losing. Stock trading involves skill/knowledge and the more you do it and learn, the wealthier you will become.

There is correlation in technical analysis, just yesterday I saw a trend reversal happening and took a profit from a movement of VIA, a small amount because I like to make safe moves.

You can never be 100% certain, but you can have the odds of approximately 60% in your favor if you do the correct analysis. And you don't outperform a market, you just need to be in 3:1 profit ratio most of the times.

If what you are saying was true, people couldn't be professional traders because they never will be more than 50% certain of a movement and in the long run, if you always invest in a 50% chance of 1:1 ratio, you will end with the same amount you started.

Ok man, I will look into it, thank you for the advice.

You can disagree all you want but unless you can show evidence of a strong correlation between these indicators and price movements, you can't accurately make the claim that these signals indicate anything. Show me one person who has consistently outperformed the crypto market. I don't think you'll find anybody who has done this over the course of more than, say, 1 year.

You observe the rough daily price fluctuations and the areas which it has been moving between and consistently sell based on the daily fluctuations and some other indicators.

You set your stop loss outside the daily fluctuations by about ten percent so that if there is an adverse price movement you get out without sabotaging your profits too much.  You need to keep an eye on the fundamentals of your specific coin and news about it too, for example how far along the development of MaidSafe's blockchain based cloud computing system is or what scaling solutions miners have been supporting recently.

Well, I disagree, of course there is luck, but when you watch a movement making a particular pattern you can tell the odds of completing or making another movement. That's why indicators and technical analysis are used, they indicate a trend or movement.

I will check those coins, the main strategy I have in mind is, like you said, take profit on small daily fluctuations, but coins are kinda volatile right now and I am not being able to identify a coin with this pattern. I studied a little bit of technical analysis for day trade, but the problem is that it is very unpredictable and you have to be on the PC almost all the time watching the behavior.

But when you say to set a high stop loss you mean like, for example, if I can take a profit of 5% per day, my stop would be around 5% too?

You are not the first I see saying arbitrage is a good one, I will check that out, too bad it is very rare, as you said, because I am looking for a consistent daily profit strategy to make a somewhat guaranteed income, and simultaneously long trades.

Just fyi, there is nobody who can consistently outperform the market by buying and selling crypto (or any asset, actually) in this small of a time frame. This is 100% luck-based gambling and there are no tips that will help you perform better other than to do thorough research and hold your positions for a much longer time. Anything other than hodling in crypto is gambling.

Lisk (LSK), MaidSafe (MAID), and Monero (XMR) are the best coins for that right now IMO.  You could also do it with BTC/ETH pairs.

The important thing is that you work on minor fluctuations rather than trends.  You need to use some basic technical indicators such as Bollinger bands, and begin to devise a strategy based on that.

The important thing is that you see the range that they're trading in and buy/sell based on that.  

Set stop loss pretty high for this because big movements could crush your profits.

Arbitrage or buying alts on different markets and then selling them to another exchanges with a better price. It’s not essential for the price to change, you are essentially profiting only from the differences in price by different providers. This is one strategy i use when short trading. But this is very rare in the market and when you see one check first the wallet if is ok to transfer.

What are the best strategies you use for identifying short/day trades? Do you have some favorite coins to do that?

I am looking for a somewhat solid daily growth strategy to use and raise some coin.



Thanks in advance.