Bitcoin Forum

Hey everyone,

So I've dabbled in alt coin day trading so buying and selling in short periods of time instead of holding and waiting for price to go big.

I understand the basics of it all so the buy low sell high, watching for trends, keeping up with alt coin news etc.

But I wanted to know how to kind of take it to the next level, like stock market kind of level. People in the stock day trading obviously have skills and learnt a lot through books, employment, courses etc.

So my question is, is it possible to learn alt coin trading like how day trading on the stock market is. So techniques and skills that can be taught instead of semi just basing you buys and sells on luck.

Does anyone know of any good books, ebook or websites that could help learn further with alt coin day trading?

Watch Anton Krei's videos, and follow The Crypto Sniper aka The Market Sniper. They teach some outstanding methology on preparing yourself psychologically and the useful TA skills you'll need to have. And reading books does you well indeed.

IF you want to get into day trading, Technical analysis is only your true friend mate. ANd be ready to get rekt multiple times before you get an hang of it. Best strategy is to buy and hold coins for long duration, it pays out the best.

The shorter the trading time frame, the moire risk you take that a sudden event or just a bad day in the market can destroy long term earnings. Day trding is a bit like gambling, evn with technical analysis. If you want to make profit for sure, take your time for a fundamental analysis and hodl long term. Noone gets rich over night.

If you want to start trading, you should look at the chart and decide on your MCD to make sure when you will buy and when you will throw it away, but if you want to know more about trading maybe you can look it up on youtube. . , maybe someone made a way of trading there.

Day trading in crypto without any knowledge is like driving the without break mean it will damage your financial situation so you should get some technical knowledge from internet.You should learn good technical analysis and also mind that you have to be aware of world new witch effect crypto market.And I believe you should be investor , do not do day trading, very less chance to earn huge profit from day trading.Good Luck

Figure out what your edge is and build a system around that. It sounds obvious but ultimately a successful day trader will have a win % greater than 50% and risk:reward ratio on each trade greater than 1:1. A system by that definition means you will make money - find a system and stick to it.

Trying day trading can be profitable but there's so much more risk in it. I would recommend weekly trading over daily and the price normally fluctuates more during daily trading so you could lose more.

I'm not sure for altcoin trading right now because I see altcoin prices in the exchanges come down drastically, maybe if doing long-term investments would be more appropriate because at the moment all altcoin prices are decreasing and maybe a good time to make a purchase against some altcoin that you think has potential can increase.

In my opinion between crypto market and stock market is different. The volume of crypto market is smaller than stock, and also everyday any new coin listing on the market so that each coin will be has lower volume. In crypto trading just like pump dump because the volume is small and so many coin in the market. For day trading in crypto is only good for coin that already has high volume and big marketcap.

I want to say, Altcoin is good for trading because Altcoin prices have the potential to go up faster than Bitcoin. especially if we can choose a good Altcoin, we will get a big profit. And Dan altcoin can be good for day trading because you have many options where you can jump after getting altcoin you have.

Cryptocurrency markets are much more volatile than the stock markets. This means that there may be more opportunities, but there is more risk involved. Not all the technical signals and rules you apply in the stock market work the same in crypto. This has been my experience. So I would suggest you to take strong risk management measures, and be very disciplined in your trading.

to get short-term profits you can use trading as a place to earn substantial profits in the short term. indeed for trading is an alternative to get with a good enough profit to increase revenue in the short term. other than that enough to help the existing economy.

daily trading is more risky than any kind of a way to collect bitcoin, in my opinion, that's even have higher risk than HYIP.
if you like it just because it give you profit after try on some 3-10 daily trading, you maybe just luck. have you ever imagine short term trading and then bitcoin having a big correction.

There a lot of ebooks online from traders who have been in it for a long time where they give out some of their best moves and the secrets that they use for their trading activities. I don't know about a site that has them listed though so you might just have to search for them

trading is also very profitable but very risky because at any moment you can lose something more than this.

Have you checked out Carter Thomas on YouTube?

trading needs strategies and special skills because for me trading is very very complicated and this trade is very very risky. trading trajectory can earn big profits as well as big losses so be careful.

This fact is normal because a lot of people want to earn money so they are trying to be in the theme of crypto-currency market. It will be the time when this trend of the market will be changed with the holding or mining, for example.

to do day trading, in my opinion, could be because I know currently altcoin prices have decreased and that way you can get profits because altcoin prices also decreased let alone altcoin prices are also modest and not yet stable

It's a minus sum game, you pay 0.25% commision. You will pay a lot of it daytrading...
Check ICT's free contant on youtube, there are a lot of good feedback about it from crypto traders

The most dangerous thing is day trading, it brings lot of tensions and stress. Better invest for short term or long term is the best. If you are looking in profits then you can sell away anytime.

There's a book called the Japanese candle chart, so you can buy it.
This book is helpful for beginners in day trading.

Securities are associated with the business status of the company and cryptocurrency is not. So I think it is impossible to compare these two areas. In cryptocurrency, the news affects the market in a good or bad way.

Alternative coins are great deal for trading because even though they are not large as bitcoin still they are profitable and many people are interested to invest in their services in this year.

Altcoin is not suitable for the day trading.I think expect bitcoin not even a single coin is best for day trading.Only the price of bitcoin is get some green fluctuatios in a day.If the price of bitcoin is increased we can sell in a short term period.If you had brought bitcoin at low price and sell with small raise in short term is termed as Day trading.

If you are a newbie then I advise you not to trade in the day. Because if you want to trade in the day, you must be a good chart analyst. Otherwise, you will become a bankrupt

I don't believe in such events like this. My favorite way for earning is investing. This way seems for me to be the stable and reliable long term projects.