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artoftrolling3
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September 23, 2017, 03:42:30 AM
 #1

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
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September 23, 2017, 03:50:23 AM
 #2

it's all depend on your situation,financial,and your strategy.
from $100+ is a good amount of money to start trading,i think your capital does not help you to do trade but instead,
the most important thing that you need to know is how much your financial and how much that you can lose.
trading cryptocurrency aka Bitcoin and else are not same like forex and other assets,
you can lose it in the next day and you can double it in the next day.
it's very hard to predict the price because it can be manipulated by some people/groups.

just make sure that you have financial back up,no matter how much your money/capital is,
as long as you have a financial back up and strategy it's a good start to do the trade in the cryptocurrency.
and my suggestion is try to do it by small amount first,try to feel it.how it works,market sentiment and movement.
later on you can work your way up

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September 23, 2017, 03:54:04 AM
 #3

Frankly, if day trading is your experiment here, I'd suggest a very small amount.  Like $20-$100.  See how you do, and you'll probably end up losing like most people do.

People went insane in the 1990s, quitting their jobs to trade stocks online because it was a raging bull market.  Then they found out what happens when you don't know what you're doing, and the market suddenly stops going straight up.  It's real easy to make money in bull markets.  You might even get lucky trading some altcoins, but the market is highly irrational.  So I suggest you 1) Not quit your day job, and 2) Go small at first.  This recommendation is being given to you by someone who wouldn't trade altcoins if you had a gun to his head.  I think it's for people who don't have all their marbles, but more power to you.


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tobi4255
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September 23, 2017, 04:31:37 AM
 #4

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Its an OK amount.

I started with that much.

But learn this, I earned over 2000$ doing many things for coins.

You dont need to trade. Its risky and stressful

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September 23, 2017, 04:40:30 AM
 #5

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

$100-200 is a good amount, i started with the same capital. The most important thing is you should learn from your trading experience and try to gain more knowledge before you decide to increase your capital. When i started investing, i lose half of my capital but fortunately i was able to recover it.

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September 23, 2017, 05:15:11 AM
 #6

Here's my tips, do not trade money that you can't afford to lose. Big or small money are still money, when it comes to trading if you have fear because you've thinking you gonna lose it, stop trading. Just add some fun and dont mind if you lose, all traders suffer from losing. Just relax and keep calm.

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September 23, 2017, 05:51:35 AM
 #7

Hundred bucks actually is enough. But if you want to maximize your profits, of course you have to make your capital big also. Day trade is profitable. But long trade will make your money grow safer. Slowly but surely. Also day trade is more risky. It's up to you what strategy you want to do. But before you jump to cryptocurrency trading. Make sure you already learn how to do it and learn how to analyze things. Hundred bucks is a good start since you are a newbie. It's important also to have discipline coz it will surely test your emotions. Remember, only use amounts that you can afford to lose. Trading is like
 gambling but if you have knowledge, it can give $$$


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September 23, 2017, 05:55:28 AM
 #8


follow bitcoin trading only if you have such capital.

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September 23, 2017, 06:10:23 AM
 #9

well, I can notice trading become a trend nowadays. As, you intend to invest like $200 worth of bitcoin, reasonable amount. Here's my tips, Don't play trading with Bitcoin or other CC if you are not an expert, pay for following trader signals and take profits om daily basis.

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September 23, 2017, 07:15:59 AM
 #10

For me, day trading is not a bad idea. But I will prefer to choose Alt/Usdt than buy alt/btc. Even not all of altcoin can be purchased with fiat directly, but its more safe and profitable when looking market at this moment. But this is depends on your strategy or goal why prefer to choose day trading.



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September 23, 2017, 08:12:18 AM
 #11

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

any amount of investment you can start for trading but think the profit according to it, if you stick with 20 to 30%  of profit for day trading then it will be good for you as it will be higher return on long term dont go greedy and want 100% profit in a day. If you follow this procedure then surely you will be in profit.














 

 

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September 23, 2017, 08:30:31 AM
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There is no minimum amount to start you only need knowledge before entering the market so that you are easily to make strategies in the market. Day trading is one of the good way to earn a profit in trading but it is risky or you can missed a big opportunity because you sell a certain coin in just a day on which it have a big possibilities to pump in the another day.

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September 23, 2017, 09:19:46 AM
 #13

While you're at it you can also check some sites that offers test money for you to try out day trading before you invest real money in there. You can gauge how the market reacts and how fast a change cab occur in real-time markets without risking anything yet. This is the best thing you can do before you really dip your hands into trading.

Edit: I forgot to include what simulator am I talking about but I use Investopedia's trading simulator. Not great and all but it will help you gain some knowledge in actual trades.

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September 23, 2017, 10:08:43 AM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Day trading can be done with capital of $100 - $200 . Its looks very simple but you need to take it seriously because it requires good practise and good mindset. You need to check few things that matters most before you start trading day trades. You need to know how much you need to risk, then comes the tools you need to use proper tools at proper time in that particular market conditions. Next is Emotions-you need to take care of your emotions if you want to make some serious money that's all i can say best of luck.

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September 23, 2017, 10:41:27 AM
 #15

I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.

Day trading can be done with capital of $100 - $200 . Its looks very simple but you need to take it seriously because it requires good practise and good mindset. You need to check few things that matters most before you start trading day trades. You need to know how much you need to risk, then comes the tools you need to use proper tools at proper time in that particular market conditions. Next is Emotions-you need to take care of your emotions if you want to make some serious money that's all i can say best of luck.

What limit you set it is the perfect amount for day trading. Investing big amount is a risk in day trading. There are some coins those coins price always vary from 50 to 60% you can check the top 20 coins you will get to know. You study that coins few days and see how it works when you are confirmed that these coins will give you profit in short period of time you can buy those coins and do trading.
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September 23, 2017, 11:55:40 AM
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I would definately divide the capital into coins for long-term and coins for daytrading.

50/50 should be fine. gain profits with the day trading on stable reputable coins with good volume. Be sure to invest in long-term holds from your profits too so it stays 50/50.
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September 23, 2017, 02:01:51 PM
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I lack skillfulness of day trading techniques, because i think deviation too small, and as it like a job that takes my time. Long term  really a trading strategy that makes me feel comfortable, because this is an investment. So, i don't need to hurry for make open or close order.

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September 23, 2017, 02:54:19 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.


Day trading isn't an easy venture. Your budget is okay to get a feel of things and start. If you are successful with that amount then you can confidently invest more, if things go pear shaped, you would have learnt a lot about yourself and trading with out risking much.
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September 23, 2017, 03:00:43 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Posting on this board is just fine since its all about trading and back into your question those funds you do budget for 1st try out on short trading would really be just enough since this is also my start up when i was still a newbie and starting on doing trading but i would like to advice that short or day trading is somehow hard and riskier compared on long term trades.Loses will surely be experienced and its normal because of unpredictable movements of the price.

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September 23, 2017, 03:12:31 PM
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I've been thinking for a bit about day trading Bitcoin, and am curious, what is a good amount to start with? Would it be possible to start with maybe $100-200 and work my way up?

Sorry if i'm posting in the wrong section, pretty new to forums here.
Trading is a mind game specially in day trading since your goal is to sell what you bought within the day, so if your are not familiar with the coins that you plan to trade and you are not well equipped with knowledge in reading charts and those candlestick the day trading is not for you. You can start with $100 and set a goal of at least 3-5% profit then sell and move to another. i would rather take a 3-5% profit than 3-5% loss.

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