Bitcoin Forum

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!

$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.

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?

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

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!

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.

$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.

- 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!

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.

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.

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

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!

If you are a beginner and you do day trading maybe you lose your money. You can search here what is good altcoins to invest and pump. You must have long long patience in trading and don't panic selling. There's a rainbow always after the rain.

You can use marginal trading with only $100, but this is a lot more risky, and you need to be well prepared for this.

day trading requires a lot of time and focus, to be able to be successful on it , it will be much preferred to have a big capital to earn a good amount. I'm planning to do day trading when I already collect some good amount of coins to trade.

100 dollars is bit too less to start trading, I suggest you to start with $500 to $1000 levels. I think there are still money to be made in short term altcoin trading as coins are very volatile. But you need to calculate your risks.

With small amount for trading, you should open an account at Poloniex or Bifinex to do margin trading. With margin, you just need to follow the bitcoin price to open orders, for example: bitcoin dump more than 3-5% then open long order at 10% dump and take profit when the dump is over.

You're asking about swing trades. A good grasp of both fundamental and technical analysis helps here. Fundamentals so you'll understand when an asset is likely to hit a period of increased growth rates, and technical analysis to figure out when and how to sell (and rebuy) the inevitable correction.

Read up on literature about the three terms and study it.


Don't listen to some random dweebs on the internet. They'll just try to manipulate you or pander off worthless advice.

I suggest that you should increase the amount that your gonna be using in day trading because it's just too little because day trading requires more time and effort in it, exerting time and effort with a little profit is stressful sometimes. If you want to know on  where to find good coins/tokens just look at the coinmarketcap and research, study and analyze the coins that you would like to invest in.

He says day trading, but his post suggests swing trading. Day trading isn't about identifying pumps, but about trading any arbitrary market situation.

Before you entering the trading  you want have a really good knowledge about the market place.If you don't have any idea about trading I recommend not to do trading.These are some strategies in trading examine the before you gonna trade.

1.Do your own research about the white paper of the coin and about the technical team.

2.Enter the market place at the correct time(buying at the dip).

3.Use a recommend coin exchange.

4. Analyze the chart and get your own price prediction.

5.Don't go with pump and dump coins.

6.Do not be a panic seller

No one can predict correctly what coins/tokens are about to pump unless you can see the future.  :D
But sometimes, some upcoming news about a certain project can make it's price pumps up. And I believe, some advisors spreadsheets of ICO's like Ian Balina etc. is good to look for. Maybe that thing can give you an idea for tokens (new in the market) that you aren't aware of could rise up. But before you start trading, make sure to always make your own research.

Nice informations friends. I started to holder, and more infomations for that, thank you good luck friend

Choose yourself coins with a high volume. the higher the volume, the easier it will be for you to trade. your orders will take place soon if you choose high volume coins.
As Ripple, Neo and Litecoin :)

Day trading is a lot harder thing to do, not necessarily for you too, but you should get some experience in usual trading.
100 is good for start, because you want lose big money if you d things wrong, unless your salary is lower than 100$.

$100 amount for trading is not a bad amount for the starter when it comes to cryptocurrency as you can earn more than that if you choose the right coin to ride, the problem is that the market is not stagnant as you think, that amount may not be profitable, you can lose that amount even in bitcoin for a short amount of time, use that for your experience and knowledge on trading then if you are confident and skilled enough to go for day trading then go for a large amount of money to trade, you can't tell exactly what coins/tokens would be pump on that day you need to observe the movement of the prices every second or you can count on the speculations of the experts.

maybe $ 100 is indeed a small value but it can surprise you if you put it in the right coin, but if talking about which coin will be in the pump I think it is a difficult question because it is not easy, but at least try to get to know to the coin more deeply and you will definitely get more information.

You could start slowly, with coins with more predictable movement.

Like those I commented a while ago here:

https://bitcointalk.org/index.php?topic=2941212.msg31258497#msg31258497

And set yourself a clean enter signs and stop-loss. Good luck!

I would advise that if you see a small coin going up, only buy if you know why it is going up... if you buy a pump and dump coin during the pump you will likely get burnt.
A good general tip is don't be greedy, and set an exit point before you start each trade. And then stick to that exit point!

Also, try to search for the popular coins that are going to be listed on the top exchanges in the near future. After listing on the main exchanges price will go up for sure. You can get this information in telegram groups of coins because devs often tell this information little earlier than the official statement from exchanges.

First tip since you have only 100$ is to start marging trading as it allows you to trade with more money then you actualy have but be carefull because if you go wrong with your positions you can get liquidated and lose everything.This isnt for newbies but if you play your cards right you can earn way more

if you want knowledge about coin movements then it will be difficult. you want a profit of $ 100 per day but it will be difficult to do.
if anyone can do that then that person will become rich and beat the other.