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Author Topic: your strategies for day trading..  (Read 316 times)
ilgerr (OP)
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January 28, 2018, 11:18:54 AM
 #1

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".
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tempo7
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January 28, 2018, 11:32:02 AM
 #2

I prefer to list my strategies rather than writing longish. I think this helps better to people.
1-Search the coins well before you trade.Does not matter which coins you trade.
2-Do not rush buying or selling.
3-Do not be greedy. If you reach your target, sell your coins because in this sector the volatility is high so your coin can change direction in a negative way.
4- This is not a day trade offer but, i think in this sector you have to buy a coin in the dip and hold long term to make good profits.

I try to guide with my knowledge but lets see the comments of experienced people  Cool
coinsons
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January 28, 2018, 11:33:25 AM
 #3

For day trade i like NEO
its have 3-5% drop and up everyday.
If u a have time u can catch some this 3-5%

But its very risky to trade dayli in Crypto.
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January 28, 2018, 12:14:11 PM
 #4

If you want to day trading you must think to earn little profit about 4-6%. Because daily a coin / token 4-6%  up down is normal.So if you want you can got profit from here.Buy a coin by create a bid.dont buy a coin in panic.or dont sell in panic.And actually always day trade can not give you 100% profit chance.Some time you will in loss.For recover loss you should not invest all money in a coin.Keep some money ( btc/eth) in stroke so that you can buy more if the coin will down and thus you can recover loss.

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January 28, 2018, 12:15:22 PM
 #5

For day trading you choose altcoin that has a large trading volume during the day as you will get a lot of profit when trading this altcoin. You should set a profit target for each transaction and cut points if the coin is discounted, remember to follow the set goals. You must constantly monitor the market and the information from the currency you invest to make timely decisions.
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January 28, 2018, 12:16:21 PM
Last edit: January 28, 2018, 03:02:08 PM by rosalyn07
 #6

Usually I used some strategy when I do day trading like RSI. I see when the coin was on the over bought then, I will wait till it will dip before I enter. Most of the common trader do is they try to buy when the green candle is not yet done, they try to chase green.
Day trading is not easy, you have to read a lot of guides befor you can success in every trade.

My tip for you is, don't try to go for a big % of gain, try making a 5-10% profit rate every trade.
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January 28, 2018, 12:29:35 PM
 #7

I prefer to list my strategies rather than writing longish. I think this helps better to people.
1-Search the coins well before you trade.Does not matter which coins you trade.
2-Do not rush buying or selling.
3-Do not be greedy. If you reach your target, sell your coins because in this sector the volatility is high so your coin can change direction in a negative way.
4- This is not a day trade offer but, i think in this sector you have to buy a coin in the dip and hold long term to make good profits.

I try to guide with my knowledge but lets see the comments of experienced people  Cool
yeah i like your strategies, both of profitable if you can , day trading is risk i saw before so long term invest is better although i see long term is 90% better, but if you choose day trade then you will gain, it is risky if you accept this risk then surely you gain.

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January 28, 2018, 12:39:58 PM
 #8

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".
daily trading is not easy in need of a very high level of patience because everyone is trading will definitely feel panic if you buy at the time the price is on the top with a matter of hours the price dropped drastically there is a panic occurs my suggestions when you make your purchase do not expect to profit the high take advantage of only 4-5% (coins) this will lead you to the success of "good luck".
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January 28, 2018, 12:46:24 PM
 #9

You are correct with your first rule.
Do not go that way.

Patience. Be wise when you already have the coin that you want.
Do not be greedy. When you see a hype, that doesn't mean the value of that one coin will stay up. You might want to reconsider into selling it already.
A good trader will also know when it should be enough. When to stop.
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January 28, 2018, 01:03:09 PM
 #10

there is a golden rule in trading which i sometimes feel it is forgotten by many which they turn out to be gambling more than trading, specially while day trading.

the rule is that you should have a pretty good reason for every action that you take. be it buying some coin or selling it. the reason can be anything as long as it is something logical that you come up with based on your analysis and experience.

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ilgerr (OP)
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January 28, 2018, 01:09:43 PM
 #11

For day trading you choose altcoin that has a large trading volume during the day as you will get a lot of profit when trading this altcoin. You should set a profit target for each transaction and cut points if the coin is discounted, remember to follow the set goals. You must constantly monitor the market and the information from the currency you invest to make timely decisions.

Hi, are you sure about it? Surely I d avoid low trading volume, but perhaps average one would be the best choice for day trading. Can you explain why large trading volume is better? Thanks.
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January 29, 2018, 11:09:47 AM
 #12

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

Great advice that do not entry in trade with a coin that have a high peek because this coin can fluctuate easily and faster. Some techniques i advice to you before you start trading is search first the coin it does matter what coin do you choose. Another is do not rush in buying and selling of coin, instead look for the best and ideal time to do it. Do not be greedy, instead if reach your target then sell it. Because being greedy in trading it result losing profit and even your investment. Lastly close monitoring on the trading board/graph to see the movement of all coin and which much productive coin to be trade.
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January 29, 2018, 11:59:34 AM
 #13

It is very unpredictable in day trading and it is like a gambling, the profit you may get or may not get. Day trading is good for less price coins buy in bulk quantities and at the end of the day if price increases  you will get the profit or else not.
ilgerr (OP)
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February 04, 2018, 09:10:14 AM
 #14

I 've read, many good a advices useful for everyone, thanks! Another good point is, what criteria do you use for stop-loss and profits?
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February 04, 2018, 09:20:06 AM
 #15

Many people are doing a common mistake that waiting for a big trades we have to do more trades as much as possible to get more profits,even the little profits are worth and when we combine many little profits it will become a huge one.And don't trade for losses always do trades if there is a profit.
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February 04, 2018, 10:41:27 AM
 #16

I 've read, many good a advices useful for everyone, thanks! Another good point is, what criteria do you use for stop-loss and profits?

The best way to trade do more research on coins before you trade. We cannot check price all the time. I personally use to check the altcoin price in blockfolio. Its has option to set alert for expected amount. Once price reach your expected level it may show the notification. That time you can sell it and make profit.

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February 04, 2018, 11:38:56 AM
 #17

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".
I do XRP and NEO for daily and i didn't have a stable profit and sometimes i get a dollar a day or none well that is my problem as well i usually work it sometimes too haha. Well my experience on XRP is good although for now im not touching it so that i can manage to deal a good amount of it.
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February 04, 2018, 11:52:43 AM
 #18

Day-trading is very risky. Only experienced people can succeed in day-trading. I would suggest, at first, you research about various coins how they move throughout the day. When you get sufficient experience then you should start day-trading.

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February 04, 2018, 11:52:57 AM
 #19

The most important thing in trading is able to read the market movement, where would be big investors place their money and how potential are the coins in the future, buying coins at peak is not wrong if the coin still able to go up again, trading need patience and good analysis skill


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February 07, 2018, 09:01:57 AM
 #20

The most important thing in trading is able to read the market movement, where would be big investors place their money and how potential are the coins in the future, buying coins at peak is not wrong if the coin still able to go up again, trading need patience and good analysis skill
According to me, it is the only thing that a trader must be able to understand. Once he has discovered this knowledge, obviously it won’t be any difficult to make money out of trading crypto coins afterwards. Getting market is all the game here, the key to success. And this is what takes time, what a person can get only after spending some time here observing changes and moves of big investors.
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February 07, 2018, 09:08:08 AM
 #21

We can do day trading here and that's i always do but still we need to invest big if you going to do that because if you do that you need to sell it in high but the earnings only are 0.0005 per coins still even it's just a little if you do day trading in 10 coins i'm sure we still have the earnings but sometimes it can't happen we need to wait atleast a week or more,i think the best is hold it for long term.

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February 07, 2018, 10:09:41 AM
 #22

My advice is never do day trading, it is such a stressful thing you can do, and for most people it is not profitable, they lose more money then they make in the long term.

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February 07, 2018, 10:33:02 AM
 #23

I'd be careful being a day trader

But some things you should check is how much is being traded in 24h or within a period of time for the particular coin as too make sure not to get stuck in some dead coin which some investors have managed to fall into

Don't go for big winnings, go for daily percentages such as 2-4%  Grin

Lastly, don't rush your sell/buy orders as you could regret the decision at the end of the day
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February 08, 2018, 07:58:51 AM
 #24

My strategies is very simple, at first i analysis coin market then I’m select some coin price and I’m follow those coin for a one week, after one week later which coin is very pump and dump then I’m just buy those coin and start trading only those coin which is very pump and very dump because only those coin make a some profit that is very first growing.
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February 08, 2018, 08:44:57 AM
 #25

I do not trade now because the market is dropping. I just choose some good coins and hold for long term. BTC, ETH, SXUT, INS and TIO are my coins.
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February 08, 2018, 09:06:33 AM
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 #26

My strategy is not to be greedy. When I already profits, I do my exit plan. Just take profits and buy again on dips. Every trader should know that, specially when you doing day trading. My target profits is around 10% to 20%, and after that I can exit, and re entry to other coin again.
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February 09, 2018, 04:16:00 AM
 #27

I prefer to list my strategies rather than writing longish. I think this helps better to people.
1-Search the coins well before you trade.Does not matter which coins you trade.
2-Do not rush buying or selling.
3-Do not be greedy. If you reach your target, sell your coins because in this sector the volatility is high so your coin can change direction in a negative way.
4- This is not a day trade offer but, i think in this sector you have to buy a coin in the dip and hold long term to make good profits.

I try to guide with my knowledge but lets see the comments of experienced people  Cool

I would also add here one thing: get up very early to make your day longer and more efficient. Just 1-2 hours in the morning added to the time you spend for trading can increase your profit.
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February 09, 2018, 04:24:36 AM
 #28

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".
When I trade, I always give myself specific strategies and plans before engaging in any projects. I always look up the whitepaper of the projects, then plan and make commercial decisions at the right time. If you want to participate in a project, look carefully at the information that is relevant to it and summarize it. You will minimize the risk and maximize profits.
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February 09, 2018, 04:42:38 AM
 #29

My strategies for day trading is don't make day trading)) Crypto currency is too volatile during the day, so day trading destroys the nerves.
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February 09, 2018, 07:13:06 AM
 #30

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".


I start trading not from asking but learn by doing, meaning use real money direct into real market. My first trade I lost every penny I got and never come back for a year. But after use day trade strategy and keep practice my fund is turning back again and make me happy. One thing I want to share with you is " trust no one ". Believe in you and keep practice, good luck for you.

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yesss
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February 09, 2018, 07:48:55 AM
 #31

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".
Today the prices of bitcoin and coin are also slightly volatile, but fluctuations are not large. This is the opportunity for us to trade, surf the short-term, for those who have experience for the peaceful days, when the market is less volatile like this they can still profit from the trade Short-term trading. If you have enough knowledge and skills then I am sure you will do well.
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February 09, 2018, 08:15:48 AM
 #32

I havebeen try day trading but because i dont have enough time to handle it i moved to long term trading. So in day trading you have to focus and spend more times for it because we should be doing buy and sell many times, and also should use cut loss strategy when the market down. The strategies of day trading is easy just follow the trend and take profit maksimum by 30% and use cut loss strategy by 15%.

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karungbitcoin
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February 09, 2018, 08:40:03 AM
 #33

My strategy is firstly i choice some coin that has good fundamental like ETH, DASH, WAVES, NEO, OMG, XLM and more, And when some these coin in the bottom and long consolidation i will buy it and then wait a few more day for up trend. Just patient wait for bullish trend so you will get profit later. So the important thing is always patient to get better price when buy any coin and also patient wait for bullish trend.

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SmokerFace
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February 10, 2018, 07:04:08 AM
 #34

I can give you some few basics tips on how to do day trading.
1. Look for a trend coin in that day/week with high volume and look for chart.
2. Study reading chart on youtube watch on what are the signs on every chart movements.
3. Look for Buy and Sell wall if there's a resistance.
4. Don't be greedy if you think that is the right time to sell and buy for another wave go for it.
5. Research for a coin that has a incoming news within a 1 - 2 weeks.
syberwolfen
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February 10, 2018, 07:34:47 AM
 #35

I can give you some few basics tips on how to do day trading.
1. Look for a trend coin in that day/week with high volume and look for chart.
2. Study reading chart on youtube watch on what are the signs on every chart movements.
3. Look for Buy and Sell wall if there's a resistance.
4. Don't be greedy if you think that is the right time to sell and buy for another wave go for it.
5. Research for a coin that has a incoming news within a 1 - 2 weeks.

Thanks for your piece of advice and I do some research about the developers of ICO of it is promising then invest in ICO to trade it once it hits market.

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February 10, 2018, 07:48:50 AM
 #36

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

My best strategy to day trading is to turn off the computer monitor and walk away.  If you think you will win, you will lose.  Unfortunately I learned that the hard way with a great deal of hard work and stress.
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February 10, 2018, 08:17:07 AM
 #37

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

That's right. Do not chase a coin because you will just end up being dumped on by those who bought previously. If you see a coin that has been increasing for some time already then think for a while if it's worth it to buy now because there may be a buyer exhaustion and there will be signs of reversal later on. If you want to day trade then choose a coin that you are familiar with. Coins have different behavioral patterns so if you are already familiar with a coin through its history then you will be able to speculate when is the right time to buy or sell.

My strategy is just to focus on one coin and then be familiar of its movement in a particular day or week. I buy when it is near a support and then add a certain percentage for the selling price. Usually the selling price is hit because I only target a small percentage of profit. I like that more compared to one time big time trades because in this strategy I get to learn more. I only buy in portions and if it goes down then I would average down.

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February 10, 2018, 12:18:56 PM
 #38

I think the most important thing is patience, as when buying and when selling. If to rush the can be on trouble of running into each other
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February 10, 2018, 12:20:44 PM
 #39

Pick a good high volume/low cap combo. Set your targets and stick to them, you only lose when you sell.
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February 10, 2018, 12:53:50 PM
 #40

Day Trading is profitable if you have good a knowledge of the market flow. Search and ask google for additional information. Each coin has its high and low, so it is helpful to study and learn strategies such as when to buy,  hold and sell to obtain good profit margin.  Most importantly,  monitor and keep tract 24/7.

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February 10, 2018, 01:01:24 PM
 #41

Hi everybody,
Day trading with crypto became very popular, full or part time I bet many people are trying to succeed in it, therefore I m posting this, to ask to experience people if they wanna share some of their knowledge/strategies with all of us.

I d start with one good advice " do not entry in a trade with coins that are having a peek".

Day trading is a good business plan if you know how to manage minimum profit and maximum loss for daily. You can take a profit and stop loss with maker in market crypto.
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February 10, 2018, 03:04:52 PM
 #42

My strategy is not to be greedy. When I already profits, I do my exit plan. Just take profits and buy again on dips. Every trader should know that, specially when you doing day trading. My target profits is around 10% to 20%, and after that I can exit, and re entry to other coin again.


Spot on. Nobody can time the exact high, so when you are in profit and hit your target, cash in.

 
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February 10, 2018, 03:38:25 PM
 #43

Day trading is very risky for newbies.... I will advice to hodl and learn alot about it before starting
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