How to choose correct coin for Day Trading

[Dhoe]

I am new to trading. But I know basics about how to buy, how to sell those. I have some experience too.

But I failed on choosing correct coin for which I do trading, where I get information about it. Which coin get good pumps, dumps today. Like those details is possible to known before.

Any one know pls share some tips for me.

In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.

[FanEagle]

In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.

Choosing based on volume is the thing, I guess most traders are following because when a coin is having decent volume then it may not get dumped/pumped suddenly. But, volume along with more number of trades alone will give you exact right coin for day-trading because some devs will manipulate their own coin by showing big volume with the help of shit exchanges. In that case, we can easily figure out them by checking how many trades happened in last 24 hrs.

But, not all the exchanges are showing how many trades happened in last 24 hours. This may be the catch to traders to mislead them toward manipulated coins. It is always better not to go for day trading and even if you go just day-trade bitcoin against fiats as it will always have plenty of volume.

[Inkdatar]

I am new to trading. But I know basics about how to buy, how to sell those. I have some experience too.

But I failed on choosing correct coin for which I do trading, where I get information about it. Which coin get good pumps, dumps today. Like those details is possible to known before.

Any one know pls share some tips for me.

In my opinion you can choose a coin that has a high 24-hour volume on an Exchange, my experience is that we can get quick profits by day trading with coins like that. If you trade on Binance then look at the top what coins have high volume, then choose it.

It is hard to predict which coins has a good dumps and pumps, usually I am also after of volume for day trading. Also on top altcoins in coinmarketcap which have a high potential on getting profit. We can never go wrong on choosing a coins if doing a research which to invest. When you are new on trading always do an analysis before investing and just invest to what you can afford to lose because of the volatility price of coins in the market.

[Hypnosis00]

It is hard to predict which coins has a good dumps and pumps, usually I am also after of volume for day trading. Also on top altcoins in coinmarketcap which have a high potential on getting profit. We can never go wrong on choosing a coins if doing a research which to invest. When you are new on trading always do an analysis before investing and just invest to what you can afford to lose because of the volatility price of coins in the market.

It finds the right idea to choose coins to trade that has a huge market volume and also it was listed on the top trading exchanges in the market. This is a big challenge for newcomers and they'll find it hard and even suffer losses before they get onto the right track. A lot of factors to look for a certain to trade but the most important to look for is a coin that has been rallying good in the market for many years with suffering a deep loss.

[sujonali1819]

Generally I don't like day trade for always. Sometime day trade can give good profit but not for all time. Only bullish market can give you some profit in day trade. So I will suggest you,

1. Try to do day trade only in bullish markets
2. Choose a exchange with large volume like Binance, Bittrex, Houbi etc.
3. Don't be greedy for higher profit. Or must you loss your capital.
4. Try to understand how price chart/candle works. And all things about chart.
5. Don't buy any coin which is already pumped.

[Dart18]

I bet you got it wrong because of the troll box (chat box).
When I was a newbie I was dragged by those idiots. (somehow I am the idiot back then)

Picking? Don't try the new ones. It will just be a mess.
Look at histories of different coins. Try to analyze if it have movements in a week.
Don't go for just days or hours of change for starters. Start with a little long term. Not that long.