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Hi everyone,
I'm a newbie and I would love to receive from you all of your tips and suggestions about doing day trading.
I want to understand strategies, websites, people to follow for doing shot term investments.

• Could you explain to me a good strategy?

• Which websites are the best for analysis?

• Who should I follow on Twitter or Reddit to read about their analysis and predictions?

Thank you for your time,
Samitto.

Day trading is not easy and you are wasting too much trading fees compared to a trading weekly or monthly.
Scalping is the most common strategy used on day trading without any technical analysis and fundamental analysis.

If you want to learn about scalping there are lots of guides on youtube that you can follow

Check these two videos about scalping

- https://www.youtube.com/watch?v=Df-eKNJDkRo
- https://www.youtube.com/watch?v=nFYE0H-Lfzg

If you want to learn more about trading I have a good source with lots of guides and tools free or paid.
Here's the link https://github.com/SpiralDevelopment/Awesome-Crypto-Trading and check this too https://github.com/nikepan/awesome-crypto-trading

If you want to be successful in trading I suggest you learn both TA and FA and apply the skill that you learn to any trading simulator included on that link so that you won't lose any amount if the strategy you try is failed.

I don't expect it that you will immediately understand someone's trading strategy if they give it to you when you have not learn anything yet about trading. You need your own convinsion about trading, you study the trade you like or pairs that will be profitable for you. If you don't do a personal training of yourself, you may not understand another thing that another person use in trading.

Have you tried these strategies? Is it good?


Nice list of resources.

You've given good resources which is where OP all he needs, all he needs to do is to have deep research and understand those analysis before making such a step into trading.

We have different strategies if you feel that you're comfortable with your strategy then use it, if not, find another one and apply which gives them an accurate result.

Tradingview is the website that can be used as a tool for the analysis which is on the link provided above.  TA and FA are good analyses if you know how to use both.

No, never follow anyone, just have your own research instead, they will mislead the opportunity that supposedly you can take.  Most of the people that share predictions and analysis in social media are those pump and dump group.

There is a lot of good strategies out there, but I can advise is to focus first on 1 strategy then master it, practice it and make sure you will become familiar with it, be consistent.

The one that is best to follow on Twitter is @EmperorBTC(https://twitter.com/EmperorBTC), as this user is a really good trader and always shares his knowledge with other people, this user has an e-book and a lot of lessons about trading. Check his profile and you can see his Telegram channel where you can get easily all the trading materials he made for FREE.

There is no specifiy stategy for anyone. want might work for you, doesn't work for me but you should follow the common rules such as no greed, good risk management etc while you try to perfect a startegy to bet fits your trading style.

I use;
1. Tradingview.com
2. coinalyze.net
3. cryptowat.ch


Check out this thread. Some useful information there: Underrated Trading resources (https://bitcointalk.org/index.php?topic=5388389.0)

I used to use tradingview way back then when I was trying out day trading. I never really had any solid strategy whatsoever, I just tried reading the market thinking what I think would happen, mostly based on the sentiments of the news and whatnot. Basically only my personal opinion, then doing trades based on that. The simple strategy of buy low sell high, nothing complicated. Probably why I never really enjoyed it, nor did I actually profit much out of it. If one day you grow tired of doing day trading, try out DCA, more carefree, but less profits possible. 

You've probably already decided to day trade and I'm not going to convince you otherwise, but have you thought it through? Day trading, both in the financial markets and in the crypto world, is highly promoted because exchanges are very interested in it since they make a lot of money in commissions. What they don't tell you is that 90% or more of day traders lose money in the long term. (https://www.elearnmarkets.com/blog/7-reasons-losing-money-intraday-trading/)

You will be competing against high-frequency algorithms that are not driven by emotions, and bear in mind that in an emotional outburst you can screw up.

Of course, if you still want to do day trading, the other fellow forum members have given you good advice. In these things, if you have a predetermined idea, until you screw it up for yourself you don't usually change your mind.

day trading is indeed difficult to earn consistently. but that doesn't mean we can't do it. I think there are many books about trading that we can read, and of course from people who are successful in trading. Of course after we read we will practice it and always review every activity, so that we know the weaknesses and advantages of the strategy we are running. and it must always be developed, so it will require a process

Use low amount of money for day trading
Always know it is risky
Use spot or just low margin
Practice very well for months to a year with very low amount of money to know how it is
Study indicators

Some traders were day traders before but later prefer swing trading, if you know you fall into a category that you always lose, that is a sign you should change to holding or swing trading.

Always be very patient too, traders are very patient before they enter market at a particular price.

Trading is a highly volatile venture as one can not just offer you a trading trick that will guarantee good trading profits, so trading skills are built by experience it takes time to become a perfect trader, Day trading is not that easy to be understood from affair so you need to start practicing from a small amount till you become perfect in it before increasing your capital.

People do trading to earn money, if you're want to day trading it mean you want earn money everyday. Trading isn't easy, so day trading is difficult than trading, I assuming day trading is similar like gambling. Each casino have few % house edge, in math gamblers always lose while house always win. But you're wanted to beat the house "everyday" it sound like impossible.

Don't do day trading, better to trade in some special conditions e.g. when market sudden decrease or increase. In that moment you can advantages of either buy on bottom and sell on peak.

Don't "day trade", not during the current politico-economic situation, and the situation of the markets both legacy and crypto.


Buy and HODL, wait for the big DIP. I believe placing bids near the 200-week SMA will be filled, like during both bear cycles.

This graph shows a 200-week WMA heat map, 200-week SMA currently shows +$5,000, https://www.coinglass.com/pro/i/200WMA

Use TradingView, and graph your own weekly Moving Average. Plus use Bitstamp's data.

You are not getting this right. If you seeing trading as the same thing like gambling that means you will be getting it wrong and you will be doing wrong trading. Trading can be distinguished with gambling because you have charts that you can use for trading but gambling is not like that, gambling is all about alot of luck.


You are not making clear explanation here. Day trading is part of trading or you make better example of what you mean.

On this one, you should follow almost everyone that has good insights about the market. This is where the fundamental analysis comes in since the whole market is a speculative market.

It is relying mostly on the news so if there are those Twitter crypto personalities that are sharing some fresh news at all times, they're likely the ones that I'm going to follow.

But since there are also news outlets that I can check for fresh news, it's also good to check on them at all times.

physical mentorship for trading tricks is best especially for newbies. It's complex for newbies learning online. i see online trading academies reserved for intermediate and advised traders who understand the basics and wish to further at their own pace. Day trading for newbies learning online will take longer time to stick with and it can be tempting to want to trade live even when the concept is still strange

I do not think that day trading is something you can learn just by following channels or following what they say, it is something that makes you money, and there is no easy and guaranteed way to make money so you must learn the basics of trading, learn how to control your feelings, control how you evaluate risks and after you take a while enough you will have a "sense of trading"
So there is no trick but rather a reward for all the traders who have spent some time learning and developing themselves.
Once you gain enough experience, you can start such a risky investment and then you may make profits.
Trying to imitate others is probably the easiest way to lose your money.

The best tip for someone like you is to stay away from day trading, day trading is for experts only, now you may engage on it if you want but I guarantee you that you will lose your money as it is impossible that a newbie is going to have the right strategy and the ability to execute it correctly under the high pressure of having to do this in just a matter of seconds, so I recommend that you begin by just holding your coins and then after some time you can lower the time frame in which you make your trades.

Do you think "charts" is enough to beat the market?
There are so many course about technical analysis and chart patterns, I've learn and understand it, but sometimes it doesn't work for the market since it's go wrong from the analysis. As the discussion is day trading, you're supposed to made profit every day but the fact only 1.6% day traders are actually profiting. I'm surprised you're promoting gambling site but you said gambling is full of luck, play poker or sportsbook.


My point is don't do day trading and only trade in an events e.g. China crackdown, El Salvador accept Bitcoin etc.

But someone can not just become expert in one day, if you are discouraging people not to trade, then no one will be an expert.

New traders do lose, then best to advice them to use a very small amount which they can willingly offer to lose, starting to trade with $50 is not bad while trading with $10 in each trade

Tradimg can start anytime, it depends on the approach used.

That's a waste of time, and your money. If OP wants to treat trading like gambling when he's bored, then OK. Deposit 50 and lose all of it like he played dice. But if OP wants to make some extra profit, best way for us plebs is to save part of our monthly salary and HODL them in Bitcoin.

My advice will always be, "Spend less than your monthly salary, budget your money, pay your expenses, then HODL the rest in Bitcoin".

From your advice, it is clear that you are a holder, that is nice and best because holders do not lose like traders. But your advice seem more like you do not even want him to trade at all, learning trading can start from anytime. Anytime it starts, new traders will lose, that is normal, but for learning and can worth it, that is why it is good to use very small amount of money to trade that the person can afford to lose. This is how it will continue and the trader will develop do and don't that will later help him and later consider to further to trade or stop after practising scalping, day trading and swing trading, or if he gaining in one than other, he can decide to choose the one that he is making profit from which could be swing trading.

Strategy will depends on your analysis you can't make any strategy or you can't follow other strategy if you don't know what was the status of the market or what was that strategy can be used. Second, no website can offer best analysis you should be the one who will analyze the market and lastly, there are some couple of guys in Twitter which gives their insight for free but most of the time they have premium subscription.

ya.ya.yo!

Simplest trick that I could teach anyone is not to give up on coins if they are good name ones. I mean sure there are some that will go to zero and will never recover but you shouldn't have invested into them in the first place. If you invested into BTC lets say since it is the biggest, and it has been low for a quite long time, do not give up and sell and hope to rebuy at a lower price.

What you should do instead is invest only a portion of your money into btc, and if it goes down then you could buy some more. This way, even if you are wrong when trading at the very least you could recover quickly by dropping your averages and make profit when it goes up.

I followed this user in Twitter since I like his analysis and he is giving away free PDF including how to trade: https://twitter.com/emperorbtc?lang=en you can also take a look at the Tradingview's idea: https://www.tradingview.com/ideas/ I get a lot of good ideas there and also Tradingview is a good website for analysis.

Day trade is very difficult to do. I'm not sure if we will make a profit if we do day trades, because the market sometimes doesn't go the way we want. In my opinion the best strategy for short term trading is scalping.
It is better to scalp with discipline, this is better than day trading.


1. Tradingview.
2. Coinigy.

---

Learn about TA and FA, often do analysis using TA and FA and then apply it to real trading, if you are afraid of losing funds, use a trading simulator first as a place to learn before going directly.

Trading is like any other financial activity and consequently like anything you want to dedicate yourself to, the point here is that it is so easy to access and has no investment limits that it seems to be open to everyone.

Really no matter what advice you are given, at the end of the day is summed up in your individual availability of money, time and your ability to adapt to a new activity.

right, this is the strategy I've done at least until now, which doesn't spend our capital in one price, that way we can buy it back at the next support, and if it goes down again then we still have capital. but this method is not for short term trading or day trading, but in this way I can at least survive and make a profit, although sometimes I have to wait longer to get the average price and make a profit because I rarely use cutloss

Chart isn't really what it takes to trade but so many other factors contribute into it like emotions, use of leverage and money management. I also agree with you that very low percentage of traders actually have made profit from trade.


Lol
Well the reason is that trading is done with chart analysis and gambling doesn't really have that as major factor. If you want to make money in gambling, you may not know much on what you are betting on or knowledge on it but you have to use chart for trading if you are to make profit with trading.

It all comes down to the individual, who and how much money and time has, then the character and ability to learn something new! It is different for everyone, so what is true for one does not necessarily mean that it's the same for others!
The right advice for beginners is to try to find out as much as they can about trading, how to choose the right pair, how to keep track of changes and read charts, etc! After that, they should jump in and try how it works in reality!
People should never forget that there are no shortcuts to gaining wealth, there is no shortcut to quick profit!

Channels or following someone is only good to get tips, predictions and analysis but they don't cover the whole thing about learning how to day trade. For that matter, you will need a course for it or learn it on some website, like this forum. There are lots of topics here about day trading.

If it's not discussed as a whole, he will need to gather all the different topics that he sees as long as it's related to day trading as that can help him. It's important to have a sense of trading because you will know if someone is lying or not when he gave tips. That is why it's important that one must learn from the start on its own so that he won't be fooled easily.

Every trader has their own strategy and can't be used for the other traders, so I am afraid that it will not works well for you. You need to learn by yourself to find the right strategy that can work for you. I do not use websites for analysis, but I use Tradingviews to analyze the charts on the market so you can try to learn how to use Tradingviews. You don't have to follow anyone on social media because we don't know if they really have analysis skills or just share from the other analysis. If you can learn about trading, you will have skills which can help you to analyze the market.

To be honest for a beginner, it can be very difficult to control day trading. even if you use the available day trading strategies. I don't mean to doubt your skills, but in crypto trading where every day is a move with rapid volatility, it's possible for beginners to just buy on the downs and hold. In addition, it takes a long time to learn a day trading strategy. At least you really understand 2 to 3 basic methods. However, the mentality of day trading will be more psychologically draining which will not be balanced for a beginner.

Not only to learn 2-3 basic methods but you would really need that  experience which is mainly needed to be a day trader and one of it is emotion handling and this is aside on technical knowledge aspect on which

it should really be that on default thing and thats why when noobs tends to step their foot on day trade then its 101% fail because this isnt something whose new to trading will able to bare it out.

It would be needing that sufficient knowledge and skills for you to sustain since fighting volatility at this market isnt something that you could handle it well.

Welcome to trading samitto.
According to you, you are seeking for a good strategy. It is important for you to understand that there are thousands of good strategies available,  but no matter how good the strategies are, they cannot fit into every condition. I expected you to ask for a working strategy, yet many strategies work, but under certain conditions. A strategy that worked for me might not work for you. So, strategies are relative.
My best advice is for you to study and discover your own strategy that works for you according to your management and discipline. The most trusted strategy can fail, so instead of looking for one static strategy, look for dynamic principle strategies.

You are free to follow anyone on Twitter, there are lots of influencers that you are going to find on Twitter to follow and they constantly tweet about Bitcoin and other cryptocurrencies. But, I am not really going to recommend any one of them to you, if you think that you want to follow any one of them you can go ahead and look for them and follow them.

But, I would advise you to not just rely on the information you are getting from the so called Twitter influencers, it's best that you try to spread things out, there are lots of people who tweet about cryptocurrency, and try to check out these tweets that are coming from other people on the platforms. Don’t just limit yourself to taking what influencers are saying, join the conversation and seek for other Peoples opinion.

Look for as much information as possible from various sources and one of them is Twitter,
before following an influencer on Twitter, it's better to do some research first whether the influencer is really trusted or not,
what is clear is don't stick to one source to get information about crypto other than that like you said we can discuss by joining the forum or whatever

No strategy seems too good and it really works in all situations as it also depends on how you interact in the market condition.
I suggest checking this https://stormgain.com/blog/how-do-technical-analysis-cryptocurrency. But I encourage you to make your own rather than relying on others idea.
Don't ever try these Twitter and Reddit influencers to make you fool and give you losses. I insist to work on your trader harder. Just imagine that what they say can't and possibly not even to happen you. Don't use their ideas but instead, make your mind works if we want to succeed.

Right, before anyone would be successful in trading they have to calm down and learn it. And also there isn’t anything as the best strategy, I think every strategy works and it all comes down to what you are comfortable or OK working with.

There are people who might feel that the best thing for them is to be taking short gains within short periods on a daily, such people can decide to go for scalping strategy, while those who feel that it is best for them to go on a long term because that would give them a better chance of gaining profit might decide to go for swing trading. So, there are different strategies and they all work, it’s just for you to know what would work best and stick with that.

It is really hard to do trading especially if you don't know anything about trading and especially for the newbies. Learning is really the thing to consider first before trading, we need to invest more time in this. Building our own Strategies, Technical/Fundamental analysis hence to get once we get involved to the actual trading, likely it needs the patience to make it almost right.

Should we need to follow others' stories and trading strategies? I believe it was necessary but it never means that we have to follow them longer. The purpose to have so-called mentorships is to guide us as being a beginner. Later on, we still just leave them and makes use of our own strategies and market analysis.

Well, I disagree with the mentorship that you have said --it is not necessary at all.
Would you like to go to the battlefield of trading even you know that you don't have knowledge and skills on it?
I think if you are not ready, don't go in trading, especially in day trading, you should have learned first and stand on your own feet, study hard learn different strategies, and apply them one by one in the demo mode that you can practice anytime you want without losses. Your own experience will make you become successful in trading, there is no shortcut, there will be a pain and you must take the possible circumstances.

many tips and tricks for day trading but very difficult to apply in trading, I think any tips we learn must be consistent to apply them, because what happens in day trading is a lot different from what we have learned, price movements that are too fast make trips and tips that we learn we can not apply optimally.
Whatever the tips and tricks, as traders, you just need to be consistent in applying them and take the time to add experience to the daily trading experience that we do.

everyone who trades day of course has his own strategy and way to analyze coin price movements, for me to learn to analyze coin prices I don't need to look for sources from any website, I go straight to the exchange and I will try to learn to be able to directly analyze price movements in the market , maybe to find out and look for altcoin information we can visit twitter or other social media to be able to find information about the altcoin we want to trade and find information about altcoin development. so for strategy and analysis about trading I choose to study alone, but there is nothing wrong for example if we listen to or receive input from someone while we can make things positive and easy for us to understand with the input and strategies they suggest.

Social media is usually not the best place to find tips and tricks. I mean there are actually no tips and tricks about day trading, you just learn and you get better and that's about it. The end result should not really be something that is difficult for people to handle.

I personally believe that if you study hard, then you know how to trade, and in the end you will end up with something that is positively profitable. However, if you look for shortcuts, tips, tricks and so forth then you will end up with losing some money and that would become something a bit more difficult for you. It is useless to risk your money on those cheap methods that promises the world to you.

Targeting a 5%-10% profit from daily trading seems reasonable assuming the market moves like these days. But if the market movement is not very good, maybe we can lower the profit target to keep the trading day. The difficulty of day trading may be to find a coin that will have a good movement and we can buy at a low price and sell at a high price, although not too high. Yes, I agree experience is important in trading and the more we hone our skills in trading, the more we get a lot of experience, which can make us a pro trader.

The first thing I would advice is that don't follow others to make your trading strategies.
You can of course refer others and analyze their techniques but at the end you must learn and create your own trading strategies.
While beginning to trade just trade with very small amounts and try to make profits.
Continue learning by taking some trading courses and following Youtube channels on how to trade.
Keep learning and practicing but don't blindly follow others and repeat their trades.
Do this for a year and then start trading with money you can afford to lose.

Doing this for a year is long enough, perhaps, we can shorten it, a month or two is good enough. We don't need to master everything before going to trade, knowing the basics is enough to start because for me, the experience could give us more learning, unlike the time we just read, watched online tutorials, or even from the other idea.

Yes, we have to start in small amounts, we have to spend the amount only that we can afford to lose. Plus, taking more effort is really be needing and of course, possessing a positive mindset.

I am not saying that OP should just keep learning for a year. I mean to say is that while learning he should also practice it.
Trading with small amounts and improvising the strategies by identifying mistakes and correcting them.
I think one or two months is still a very short time because OP has to learn how to trade in different trends.
It doesn't happen in or two months. Give or take at least 6 to 12 months are needed before we can actually start trading with big amounts.

Both swing trading and day trading requires experience but the more practice you will be needing to become successful in day trading because it is riskier since you need to do all the trade within a day. It's not bad to expect high profit because this can make us motivated to become good at trading but it's important to take out small profits in trading because of the fluctuations. Getting small profits is better than completely missing the profit because the price suddenly goes down.

Yes, @xmonkeyx consistency is the key. I always heard that when I watch motivational videos. That is the only way to get successful in every things.

I am not trying to discourage newbies to trade I am trying to discourage them from day trading at such an early period of their trading careers, newbies could begin with positional trading in which they just make a trade every few months or so, then once they have acquired more knowledge and skills they could move to swing trading in which they could make a few trades each week, and finally once they got enough experience and they know they can earn money with their system they could start to day trade, I am just telling newbies to walk before they try to run.

Since you are new, how can you understand everything at once, how to do day trading and how to succeed in it? You should first get an idea of ​​everything in the market and how to buy and sell tokens.  How to set stop loss.  Getting to know them well and then gaining an idea about token analysis will be your first task. Then you have to choose a good token and trade with those tokens.  Or you can join a good trade signal group and get advice and signals from experts.

There is indeed a lot that must be understood and learned in trading especially the crypto market is not easy to predict,
that's why trading is so complex and complicated plus day trading which requires full concentration,
always have to take the time to see and analyze the market

What about guys DCA strategy for newbies? any soutces to look on it deeply?

Exchanging test system remembered for that connect so you will not lose any sum assuming the procedure you attempt is fizzled. On the off chance that you don't do an individual preparation of yourself, you may not comprehend something else that someone else use in exchanging.

There are several strategies in day trading and you can choose them according to your plan in the future and also convenience. To do day trading is a bit tiring because our focus will be divided and we also have to move quickly to make sure we get the right moment in a short time, even a matter of minutes. it will be a little troublesome for beginners but if indeed you are interested in trying it then that's good. one of the strategies that you can learn is scalping which is also good to learn but keep in mind that you can't just follow other people's strategies because the strategy that you use must be in accordance with your goals and also your comfort.

About crypto bloggers you can follow, I can recommend Sean Benson and Crypto Michael.
They always give detailed explanation.

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind

He only explains what is like to become a day trader. We all want to be successful in trading but if we are starting we can't avoid to experience those things but later on we can adapt to it or we can get used to it. It's not possible to not feel tired because we are only a human.

If ever we got tired, we should take a rest because it is an essential thing and it makes you recharge so that you can do better by the time you get back in trading. For the negativities, we are always surrounded by that but like you said we can just ignore it as that can't contribute anything good in your career. What we need is a positive mind for us to keep going.

If you do really have the passion then you should really ignore those negativities around but rather focus on your goal and on the time of losses then realize things on what mistakes that you have done
and try to realize off things which would really be helpful into your future possible trades which you should really be making yourself on having that fix mindset plus being versatile on different trading
conditions and results.There's no such trick about this because market is totally random and unpredictable which means strategies could really vary from time to time thats why you should really be
able to adapt whenever you do experience something different.

Just a quick word, I've read an article before explaining that 97% of beginner day traders lose their money on their first experience and the remaining 3% earn only as much as a bank teller. This fact shows on how much risk is involved in day trading, though it can also be extremely rewarding if you exercise your methods/techniques well.

The essence of day trading focuses on experience. If you are a beginner with little-to-no experience, then I highly recommend trading relatively small amounts of resources in order to get an overview and feel on it.

If you do really want to traverse this path, of becoming a day trader, you will indeed submit to the fact that you do need to surpass the beginner stage before you will acquire some skills and tips on how to improve your trading. This would take time and if you are not patient about it, it means, this market is not for you. Patience is also one virtue you need in this market. Sometimes it would take years before you realize you are doing something wrong with your strategy. But if you won't give up, that means, you have hope on achieving your goals for this endeavor.

OK, then you, as a pleb like me, may have "traded" a few coins, and may have made some profit from them. But do you really believe that you would win like the top 10% of traders for many years? Maybe I am wrong, and that you would "make it" as a trader, but 90% of the time, you won't because there is always a real trader who is smarter and hungrier than you. 90% of the time, it would just be wasting your Bitcoin. Don't give it away so easily.

This is an important point that is almost never brought up, when it comes to other professions people talk about how much they liked it or the burning passion they had for an activity similar to it so they choose that career path, and yet when it comes to trading almost everyone always say they are here for the money and nothing else, and while that is not wrong it is obvious such people are at a huge disadvantage against those that actually like trading, as those people will dedicate way more time to refine their strategies and will have greater chances of becoming successful in this market.

I dont suggest day trading. Go with monthly or long term trading. Yes day trading takes away all around you. Need to spend more money for transactions, need to pay close attention for a small profit. At times, when there is a sudden dip, you will be in great loss unless and until you have set up stop-loss. Yes, learn indicators signs and moves. Irrespective of day trade or long term trade, its needed to learn basics. Be updated with news and market moves.

Or just HODL. Bitcoin is no mere financial hedge. It's censorship-resistant, self-sovereign hard money that I believe will be very useful as a hedge against the cabal behind the Federal Reserve. Everyone who wants the freedom to transact will definitely need Bitcoin under a CBDC system.

https://pbs.twimg.com/media/FPGWfkLX0AMdj7y?format=png&name=large

I am also confident that the CBDC system WILL make Bitcoin more valuable, not only for the individual, but also for institutions and governments as well.

Just start on basics mate, if you really want to learn more about trading. And when it comes choosing people to follow, i suggest make research in youtube and ignore those influencer whose spreading click bait.  Try " joel on crypto" because he is legit.

There's a lot of good strategies to be honest, for example scalping, patterns, swing and so on.

If you want to know which is more effective and can give you good win rate, try to learn it by back testing or create demo account instead to practice each strategy.

Trading view is always the best platform to analyse the market because all the most important tools are already in it.  


yes, that's a good idea because you can get some information as well how they analyse the market and etc..

The passion part is quite important. If you do not really "want" to trade, if the only reason you want to do this is to get rich right away and get out. Then you will only focus on how to make money part and you will fail. The real successful traders will always end up doing the best they could do in the trading world because they love doing it, not just for the money.

Of course the money part is very important but that doesn't mean that their only aim would be getting rich and stopping. Look at all those super rich traders, they did not stop when they got rich, maybe just a few. This means you need to learn and love doing this to become a good one.

Trading for a whole month may not make it interesting like a trader, you may well be called a hodler because of the long time. I think swing trading shouldn't necessarily be a thing of one month or above except you are not setting stoploss. Really you have mentioned stop loss and that means you know the importance of it and using it is more secured than not using it.

There's a higher chance that you may end up badly with day trading. But if someone is good to it then that's good but many seems to be not yet still trying hard.

Just do the typical way of trading and I agree, it could be weekly, monthly or longer until you make a profit. You don't have to be that much active and you can be an investor that makes profit on the times that you have to.

Well, that's what we think but the others don't think that they're good for long term so they choose to be how they can be effective in day trading.

Since you are a newbie, I would suggest you to learn more about crypto currencies and the trading risks associated with it.

1. Google and start learning about the strategies. But remember strategies never gives you guaranteed profit.

2. Like others suggested, trading view is good. You can also try cryptowatch which is fully crypto oriented.

3. Don't follow anyone on reddit or twitter for analysis or predictions. Most of them are paid to shill for different coins. Do your own research.


Lastly, invest only what you can afford to lose.

Stop-losses should truly be part of a pleb's strategy to minimize loss, BUT the best traders also know that plebs like us have learned to use the stop-loss. The best traders are using a counter-strategy for it called, Stop-loss Hunting. Next time, if you experience being liquidated, or your position closed because a stop-loss was activated before a big surge causing you to miss the trade, then you have just been a victim of the stop-loss hunt. 8)

This is the main topic here, people do not see it as a job, they see it as a way to get rich. You do not become a junior copywriter so you could be rich, you do not become a painter so you could be rich. It would be great if your life takes you to wealth of course, who would say no to that but people work at jobs because they need the salary and that salary is most of the time not big at all.

Instead, they go to trading and hope that their few hundred or few thousand dollars could become hundreds of thousands of dollars where they could get super rich. I am sorry but that won't happen, this is a job just like any other job in the world and you get what you are capable of. So, just getting whatever tips and tricks from web or from your mentor or friend who is into trading for years, may not work all the times as success in trading needs equal luck as per your skill set.

Counter - strategy you mean martingale ? Or what precisely you trying to talk on . However, being hunt by stoploss is every trader's experience  ;D depending on if the trader likes the feeling or not and that will increase the level of hardwork and better trading next time not to allow liquidity run out.

The counter strategy is to liquidate all those stop losses when you drop the price and then accumulate from there. So, let's assume you have seen plenty of orders at around 40k, there is a big big wall there, you could use this to your advantage, get a lot of it until there, and then you could put your back against that 40k wall and then go higher.

Instead of going from let's say 45k to 50k, it is easier for the smart people to do 40k first then to 50k in that situation. This is of course to liquidate the stop losses and make a bigger profit. That is the counter-strategy people use, it is also used in leverage trading to liquidate other sides positions and take it from them.

The most important thing when we trade daily is to have a clear goal, namely the profit target that we get, for example is 15%, if we already get a 15% profit then we have to sell immediately because the market always changes unexpectedly, when we continue to hold then there is no guarantee it will continue to profit and most of us are impatient when we see prices fall so we panic too quickly and immediately sell at a loss.

Although it looks trivial but I think it is very important to set a target at the beginning,
because in many cases when they have made a profit they are still greedy and continue to hold it until they finally go down and lose,
the crypto market is really hard to predict and it's better to take profit gradually

One can only learn basic things when you want to start a journey in trading but reality they say is different from fiction, what happens in screen are mostly different from what you see in the market. There are number of things you will see when you begin to learn trading but as soon as you start real trading, you notice they are just different.
There was a time I wanted going long with $100 with Fantom, popularly FTM, you will think I have a bad luck in trading as that was the exact day some of the founders wanted to live the project and concentrate on another things, now tell me who will teach you these uncertainties.
You can learn trading but ideally, the basics are what you need, like fibonaci, stop loss, support and resistance, trend lines and lastly look out for wash trading pairs of coin.

I'm not an "active trader" or a day trader, but there might be a "counter-counter strategy" against the whales' "stop-loss hunt counter strategy" for the plebs' use of the "stop-loss as a strategy". It's for plebs to make their trades smaller, and stop losses wider. OR simply, buy the DIP and HODL. 8)

If you make your stoploss wider then there are chances that the price eventually hit your stoploss that you have made too wider hoping it won't get there but it gets there and take you out thereby you lose huge. If you set a far stop loss and it hit it, you are losing a lot of money than using a minimal sl so that you don't lose so much of capital.

I think the use of stoploss also uses careful calculations, so that this will be in accordance with the desired RR. stoploss too close is also not good, especially too far with a narrow target. Of course this is not profitable. I think we have to decide which time frame to use, so that it can be seen that support and resistance are formed. that way we can calculate the RR whether it is profitable or not to trade. the higher the time frame will usually have a greater stoploss tolerance, but we will also get a profit at least according to the risk, or even more. like that's the theory that I know in trading, if we choose trading instead of the way that has been mentioned op

Correct, the false expectations that newbies have is what causes them to lose their money in the first place, if someone comes to the market with expectations of making on average 20% profits per year then that person could get that by just holding, if he wanted a little bit more then he could get it by making a few trades here and there, however the one that wants to multiply their money hundreds of times will never get what they want as the risks they will need to incur are so high that they will fall victims of all kind of scams in the process.

Hey guys you can get trading tips and tricks for better trading in cryptocurrencies magazines, journals. You can get trading tips from different YouTube channel and telegram groups and channels.

Set particular goals but of course you should stick into something which is really that realistic and wont go into something which is impossible to attain and those common newbie
kind of perception(we do past into that when we are just starting but as we do go ahead and learnt up things then we do realize that theres no trick on making yourself
survive in the market. Do your best on learning across your path and try to sustain as much as you could because trading is a career where impatient and gambler
like mind wont survive.

Daily trading is very good in futures trading, because the high volume and the market is always moving,
and making it easy for traders to trade,

very different from the spot market, in the spot market daily trading will be difficult to do with minimal capital,
because profits and volatility are also very low, yeah? that's the tips and tricks for daily trading,

In fact, day trading is not so easy.A person has to work hard enough to do day trading. Because it is a short time trading system.You may buy from such a position but it may not come to that position later. So you have to buy from such a position so that the market will go to that position in a short time.And you have to keep an eye on the market all the time. You just have to be more discriminating with the help you render toward other people.

It’s very simple step to be followed on a day trading.You need sell with 5-10 percent of minimum profit.Because it won’t accepted by the most of the investors.So you need to build that minimum profit mindset.It takes nearly of 3months.Because all the people will move to normal trading from day trading,if they had come across huge pump in the price of the invested coin.

You didn't understand the point ser. Smaller trade sizes means you can set your stop losses wider/take more volatility, decreasing the possbility of the stop-loss hunter from activating your stop-loss. 8)

And I agree, however newbies with their lack of knowledge do not really know what are the realistic profits they could get out of this market, after all it is not rare to read ads that give false expectations to newbies about what they can earn here, for people like us that can see through those ads that is not much of a problem but for those newbies this sets them up for failure, as it does not matter how good you are as a trader it is almost impossible to reach those results.

For day trading you have to choose the first row of coins, and for choosing you have to look at the trading volume and what percentage has been Down or pumped down in 24 hours. In this case, it is better to select the coins that are down in 24 hours, but you have to look at the trading volume.
I will suggest you this website  tradingview (http://www.tradingview.com)

It is not necessary for trading . some time traders got loss for follow this

Might not if you will just let it go that way. But I think it was not a problem, for as long as the trader makes a profit, they will still survive. What we just worried is about how to grow these newbies if their mindset is like that. Thinking a profit isn't be our top priority but instead of focusing on how we improve our knowledge and skill, they are a major tool for our success.

There is no other trick and tips in here aside from getting to know more about the market. We have to invest in learning first rather than chasing for a profit.

The best day trading strategy is the opening gap strategy. As the name suggests, day trading is a strategy in which traders open and close positions on a particular trading instrument during the day, but typically do not hold any positions overnight.

What happens is that the profit depends on the type of personality of the trader, there are some who tend to have a lot of skill in scalping and could even be seen as a talent, but they do not work or do not win for medium-term trading.

However, 3 months for some trader is a long time or they simply leave the market because there are people who like to see constant movement, just as for me 3 months is a normal period of time and it is also very beneficial because any movement gives time to react and see how to do.

In addition, the financial education that one has influences trading either as a market speculator or as an investor.

^ That is not easy like that, you need to have dig research first, and choosing a coin is a start that you should do first.
Day trading is very risky, especially for newbies and I won't suggest this to the OP, much better if OP will find another way of making a profit because this is not a kind of making a profit easily. Probably, long-term trading is good advice to those newbies who wanted to start trading because they can manage the risk if they hold it long-term and trade long-term. If you are a newbie to day trading don't expect profit in the first place, but treasure your experience in trading because that will teach you to become a better trader.

What if you're at loss when you're about to close it as the rule of itself says that you don't have to hold any position overnight?

I find it hard to follow such strategy like this and that's why when I trade, I'm making sure that it's either loss @ 5% or winning more than 5%. That's easier to look at especially if you're at day trading.

You don't want to get a loss if you're closing the day with your positions and it doesn't matter whether you've gained much or just a little.

I think the fear of closing a lossing market dreads the trader but no choice on that. It is better to close a lossing market while it is still small than when the loss has accumulated. There is a way that you can manage a lossing market over the day. To that you can use the stop loss so that it stop the trade when it gets there.

This is true, I have read about some of the worst losses that traders have incurred and most of the time it has to do with a refusal to use their stop loss, basically they make a trade and then the market turns against them and their trade hits a level in which they should sell, however they get emotional and decide to not do so or even to add to their position, then the market keeps going down and now their losses are even bigger, this makes them even more emotional as they do not want to lose so much money and refuse to sell, then the inevitable happens and their losses are so big that no one can recover from the losses they have incurred regardless of how skilled they could be.

Yes, I've mentioned that.

5% of cutting your loss or stop loss is already good enough when you can't make it as the market dictates. That's what you're going to choose, either win or lose.

It doesn't matter as long as you know what you do and you're stoppage is on time and you don't lose a lot of money due to that. It's a matter of decision when and how much is the percentage.

What I have noticed here is that important issues are sometimes raised here but the people who have come here have not come to the profession then they can understand how much they like it by looking at it.  That's why they came here because of their careers. They all always say that they are here to make money, but if they come here, it will be seen that they will gain some time and it will take some time.  Sometimes there is a lot of tie loss

This will not be the behavior of a trade that wants to succeed. It needs passion and a sort of dedication. Pursuing a dream is not easy, time, effort, and we never have to feel tired or else, we only just fail. What I am trying to say is that we have to be strong and positive. We have to neglect/ignore negative things around us as this will be the reason for our failure.

- keep moving forward
- focus on the thing we need to accomplish
- must wear positivity in mind
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The important thing here is that it is almost never raised, but when it comes to other professions, how much people like it and how much they are attracted to it, it is understood that when one talks about burning emotions, action chooses the path of life.  The idea is that almost everyone here to trade it actually says that they have ever come for the money and if it is said here they have chosen it and although it is not wrong, many people from here say that such people are going through the motions against them and  It is understood from these

As a newbie I wouldn't even advise you to go into daily trading, it takes alot of experience, research and dedication. For now it  will just seems as a waste of funds to you and you might even get discourage in crypto currency as a whole. So for now just go into weekly trading or even preferably monthly trading. This link below will guide you;

https://www.youtube.com/watch?v=Df-eKNJDkRo

What I noticed from this is that if a trader here uses a strategy against stop loss and counter marriage day in their business then it will be seen that they will have various problems to make the business small and huge loss then in case of vault here  I think you will get a good amount of opportunities

If you want t to learn more about trading, you'd simply do it more on actual trading. Being the market every day, making analysis, the more you boosted your mind and kept track of the trend. I do encourage traders to trade every day if they have enough time and if they are aiming to become full-time traders.
This is not a mindset for a trader, every single day is going precious and we don't just spend the whole day without doing anything. For me, I'd rather spend my time trading and make a profit.