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Author Topic: Best altcoin for daily trading?  (Read 1400 times)
triasel
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October 30, 2017, 07:39:09 PM
 #41

Witch one could be the best altoin for speculation based on daily trading?
i never choice focus coins but ussually i seen the home of bittrex, if the coins down under 20-25% then i buying it and sell to tak 5-10%

i think choice in focus coins not profitable because stagnan price


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amaral1977
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October 30, 2017, 08:08:37 PM
 #42

Witch one could be the best altoin for speculation based on daily trading?
Th coins for day trade vary....each day:) it would depend on what indicators you use to trade. I like Bolinger bands and a 50 day SMA. As i usually go on polo i use their default BB. I put the fibonacci levels there as well . Fo rthe coin i try choose a coin that as been in a wave pattern with support and resistance in the bolinger bands. usually can take some profits, but for day trade i go for 1-2% max 5% per trade.
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January 31, 2018, 11:07:22 AM
 #43

buy siacoin and make some good profit in your daily tradings.
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January 31, 2018, 11:16:02 AM
 #44

You can make money on plenty, from personal observation I can only suggest to you what characteristics to look out for when choosing one:
Exchange you use to daily trade: this is a double edged sword but I personally find it better to trade on exchanges where the specific pair has low volume (yet not negligible) so
bots can manipulate the volume with buy/sell walls occasionally. Just try to not be caught in the wrong side.

Which brings me to the next 2 characteristics to look out for:
The coin to be one in the top 50 if possible so to avoid being left with a big bag you cant unload any time soon incase you dont swing right and you at least have either more coins/BTC  than you started with in any case
and
Have available either on exchange or tradingview the pair you trade so you can use technical analysis(BB,RSI etc) and depth of buy/sell orders to make educated calls on your swing trading.

Also take note that day trading doesnt necessarily give more than a simple hold strategy in the long term especially if you re not familiar enough with TA and/or swing/trend day trading.
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