your strategies for day trading.. - page 2.

Daspinical

newbie

Activity: 6

Merit: 0

I'd be careful being a day trader

But some things you should check is how much is being traded in 24h or within a period of time for the particular coin as too make sure not to get stuck in some dead coin which some investors have managed to fall into

Don't go for big winnings, go for daily percentages such as 2-4% Grin

Lastly, don't rush your sell/buy orders as you could regret the decision at the end of the day

justin86

full member

Activity: 406

Merit: 100

Market Integration Platform

My advice is never do day trading, it is such a stressful thing you can do, and for most people it is not profitable, they lose more money then they make in the long term.

Carmen01

full member

Activity: 294

Merit: 101

Streamity Decentralized cryptocurrency exchange

We can do day trading here and that's i always do but still we need to invest big if you going to do that because if you do that you need to sell it in high but the earnings only are 0.0005 per coins still even it's just a little if you do day trading in 10 coins i'm sure we still have the earnings but sometimes it can't happen we need to wait atleast a week or more,i think the best is hold it for long term.

ronafurw

full member

Activity: 420

Merit: 102

Quote from: xuan87 on February 04, 2018, 06:52:57 AM

The most important thing in trading is able to read the market movement, where would be big investors place their money and how potential are the coins in the future, buying coins at peak is not wrong if the coin still able to go up again, trading need patience and good analysis skill

According to me, it is the only thing that a trader must be able to understand. Once he has discovered this knowledge, obviously it won’t be any difficult to make money out of trading crypto coins afterwards. Getting market is all the game here, the key to success. And this is what takes time, what a person can get only after spending some time here observing changes and moves of big investors.

xuan87

legendary

Activity: 1666

Merit: 1001

The most important thing in trading is able to read the market movement, where would be big investors place their money and how potential are the coins in the future, buying coins at peak is not wrong if the coin still able to go up again, trading need patience and good analysis skill

cryptoblue

member

Activity: 196

Merit: 11

Day-trading is very risky. Only experienced people can succeed in day-trading. I would suggest, at first, you research about various coins how they move throughout the day. When you get sufficient experience then you should start day-trading.

Koro-Sensei

full member

Activity: 658

Merit: 103

Quote from: ilgerr on January 28, 2018, 06:18:54 AM

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

I do XRP and NEO for daily and i didn't have a stable profit and sometimes i get a dollar a day or none well that is my problem as well i usually work it sometimes too haha. Well my experience on XRP is good although for now im not touching it so that i can manage to deal a good amount of it.

ajqjjj

hero member

Activity: 1498

Merit: 507

Not your Keys, not your Bitcoin

Quote from: ilgerr on February 04, 2018, 04:10:14 AM

I 've read, many good a advices useful for everyone, thanks! Another good point is, what criteria do you use for stop-loss and profits?

The best way to trade do more research on coins before you trade. We cannot check price all the time. I personally use to check the altcoin price in blockfolio. Its has option to set alert for expected amount. Once price reach your expected level it may show the notification. That time you can sell it and make profit.

whirlcoin

full member

Activity: 602

Merit: 111

Many people are doing a common mistake that waiting for a big trades we have to do more trades as much as possible to get more profits,even the little profits are worth and when we combine many little profits it will become a huge one.And don't trade for losses always do trades if there is a profit.

ilgerr

newbie

Activity: 19

Merit: 0

I 've read, many good a advices useful for everyone, thanks! Another good point is, what criteria do you use for stop-loss and profits?

katarin2030

full member

Activity: 406

Merit: 100

It is very unpredictable in day trading and it is like a gambling, the profit you may get or may not get. Day trading is good for less price coins buy in bulk quantities and at the end of the day if price increases you will get the profit or else not.

Chanock

full member

Activity: 476

Merit: 102

Quote from: ilgerr on January 28, 2018, 06:18:54 AM

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

Great advice that do not entry in trade with a coin that have a high peek because this coin can fluctuate easily and faster. Some techniques i advice to you before you start trading is search first the coin it does matter what coin do you choose. Another is do not rush in buying and selling of coin, instead look for the best and ideal time to do it. Do not be greedy, instead if reach your target then sell it. Because being greedy in trading it result losing profit and even your investment. Lastly close monitoring on the trading board/graph to see the movement of all coin and which much productive coin to be trade.

ilgerr

newbie

Activity: 19

Merit: 0

Quote from: VBCryp@ on January 28, 2018, 07:15:22 AM

For day trading you choose altcoin that has a large trading volume during the day as you will get a lot of profit when trading this altcoin. You should set a profit target for each transaction and cut points if the coin is discounted, remember to follow the set goals. You must constantly monitor the market and the information from the currency you invest to make timely decisions.

Hi, are you sure about it? Surely I d avoid low trading volume, but perhaps average one would be the best choice for day trading. Can you explain why large trading volume is better? Thanks.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

there is a golden rule in trading which i sometimes feel it is forgotten by many which they turn out to be gambling more than trading, specially while day trading.

the rule is that you should have a pretty good reason for every action that you take. be it buying some coin or selling it. the reason can be anything as long as it is something logical that you come up with based on your analysis and experience.

Dart18

sr. member

Activity: 1400

Merit: 259

You are correct with your first rule.
Do not go that way.

Patience. Be wise when you already have the coin that you want.
Do not be greedy. When you see a hype, that doesn't mean the value of that one coin will stay up. You might want to reconsider into selling it already.
A good trader will also know when it should be enough. When to stop.

etron

member

Activity: 182

Merit: 10

Quote from: ilgerr on January 28, 2018, 06:18:54 AM

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

daily trading is not easy in need of a very high level of patience because everyone is trading will definitely feel panic if you buy at the time the price is on the top with a matter of hours the price dropped drastically there is a panic occurs my suggestions when you make your purchase do not expect to profit the high take advantage of only 4-5% (coins) this will lead you to the success of "good luck".

Faruque312

member

Activity: 490

Merit: 10

Life is full of struggle

Quote from: tempo7 on January 28, 2018, 06:32:02 AM

I prefer to list my strategies rather than writing longish. I think this helps better to people.
1-Search the coins well before you trade.Does not matter which coins you trade.
2-Do not rush buying or selling.
3-Do not be greedy. If you reach your target, sell your coins because in this sector the volatility is high so your coin can change direction in a negative way.
4- This is not a day trade offer but, i think in this sector you have to buy a coin in the dip and hold long term to make good profits.

I try to guide with my knowledge but lets see the comments of experienced people Cool

yeah i like your strategies, both of profitable if you can , day trading is risk i saw before so long term invest is better although i see long term is 90% better, but if you choose day trade then you will gain, it is risky if you accept this risk then surely you gain.

rosalyn07

member

Activity: 244

Merit: 13

Usually I used some strategy when I do day trading like RSI. I see when the coin was on the over bought then, I will wait till it will dip before I enter. Most of the common trader do is they try to buy when the green candle is not yet done, they try to chase green.
Day trading is not easy, you have to read a lot of guides befor you can success in every trade.

My tip for you is, don't try to go for a big % of gain, try making a 5-10% profit rate every trade.

VBCryp@

member

Activity: 336

Merit: 10

For day trading you choose altcoin that has a large trading volume during the day as you will get a lot of profit when trading this altcoin. You should set a profit target for each transaction and cut points if the coin is discounted, remember to follow the set goals. You must constantly monitor the market and the information from the currency you invest to make timely decisions.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

If you want to day trading you must think to earn little profit about 4-6%. Because daily a coin / token 4-6% up down is normal.So if you want you can got profit from here.Buy a coin by create a bid.dont buy a coin in panic.or dont sell in panic.And actually always day trade can not give you 100% profit chance.Some time you will in loss.For recover loss you should not invest all money in a coin.Keep some money ( btc/eth) in stroke so that you can buy more if the coin will down and thus you can recover loss.

Topic: your strategies for day trading.. - page 2. (Read 365 times)