Money Management for daily trading?

[icalical]

I know that daily trading is not the best choice, but since the potential profit is high, I think we might all give it a try.
Besides the technical and fundamental analysis, money management is also important, I need some advice on it,
I read and I use this type of money management, I split it to:
Fiat 20%
ETH 20%
The rest (60%) split to several altcoins,

Please share your money management for if any,
Thank you

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[coinscircle]

I know that daily trading is not the best choice, but since the potential profit is high, I think we might all give it a try.
Besides the technical and fundamental analysis, money management is also important, I need some advice on it,
I read and I use this type of money management, I split it to:
Fiat 20%
ETH 20%
The rest (60%) split to several altcoins,

Please share your money management for if any,
Thank you

I think that in order to be able to trade successfully and minimize the risk, we should divide our capital and invest in potential coins. You should avoid putting your capital into a coin because then if you lose the price you will lose all your property, and if you divide the property then the loss is only a negligible amount. I invest in 4 coin is ETH 25%, LTC 30%, NEO 40%, BNB 5%.

[sallee2]

I know that daily trading is not the best choice, but since the potential profit is high, I think we might all give it a try.
Besides the technical and fundamental analysis, money management is also important, I need some advice on it,
I read and I use this type of money management, I split it to:
Fiat 20%
ETH 20%
The rest (60%) split to several altcoins,

Please share your money management for if any,
Thank you

I think that for good management we have to keep watching every day, every hour watching the coin value its up and down. In addition, we also have to associate with the information channels from which to make predictions quickly and accurately to catch up the market and know the investment of their profits or losses.

[CryptoDemonElite]

I not a big fan of day trading. I experience some bad trades, so I stick with investing and HODLing. I wondering why is there no bitcoin in your portfolio. That something you should. Bitcoin is not dead. It should be at least 30% of your portfolio.

[wayancrypto]

My money management depend on the situation of market, for now  the dip market look over and probably the market will change to bullish trend so i put 80% of my money in to crypto and other 20% for fiat. And when i get profit 30%-50% i will cash out to fiat so my money in to fiat become about 30%.

[Dilladupak]

I know that daily trading is not the best choice, but since the potential profit is high, I think we might all give it a try.
Besides the technical and fundamental analysis, money management is also important, I need some advice on it,
I read and I use this type of money management, I split it to:
Fiat 20%
ETH 20%
The rest (60%) split to several altcoins,

Please share your money management for if any,
Thank you

For me if you can control that risk, for me it is very easy to get the bigger profit you can. for me personally want to invest from.
bitcoin: 50℅
ETH. : 30℅
NXT. : 20℅.
For me very quickly profitable because for me still have a long journey, let alone you can trading in alt, very quickly get profit every day. because I'm sure bitcoin prices are always rising better.

[slackcryptoz]

Even in this situation there are traders who have been making good earning through trading. Those were highly expert in money management as well has good knowledge in predicting the market to some extent which helps in accuracy in the buying and selling of cryptocurrency at the right time to yield profit.

[Panzersin]

Money management for daily trading?
Set your goal to some %. Example :
set your daily goal 1 - 2% profit from your balance then stop.
Set your stop losses too, example : 1% from your balance.

[Beerwizzard]

If you are trying to pick coins for day tradind then I will suggest to pick just one. BTC or ETH will be fine. With only one coin it will be way easier to track all the news and make deeper daily research. The amount of profit may be regulated by different leverage. Instead of getting several coins for day trading you can just open several BTC positions with different amount and different leverage.Higher leverage with smaller amount for more risky ones, larher amount and lower leverage for safer positions.

[Scallywag]

Even in this situation there are traders who have been making good earning through trading. Those were highly expert in money management as well has good knowledge in predicting the market to some extent which helps in accuracy in the buying and selling of cryptocurrency at the right time to yield profit.

like you say that are pretty knowledgeable guys , i think daytrading is just for a couple of people and with al due respect that is not for people who have to ask these questions on a forum . i personally dont touch trading.

[coin_1122]

Sometimes it is not possible to manage our money because market will not be same everyone. Sometimes it may be up and sometimes it may be down, according to market we have to manage the money by investing into new coins inorder to make more profit.

[entrepmind23]

I know that daily trading is not the best choice, but since the potential profit is high, I think we might all give it a try.
Besides the technical and fundamental analysis, money management is also important, I need some advice on it,
I read and I use this type of money management, I split it to:
Fiat 20%
ETH 20%
The rest (60%) split to several altcoins,

Please share your money management for if any,
Thank you

I have a different strategy. I only trade one coin at a time for day trading. I only use 25% of my day trading capital when I buy the coin and then after that I immediately set a sell order because there are times when the coin is pump so I would make sure I would be able to catch the pump. If ever my target sell price is not reach and the coin goes down then I would find a support may it be fibonacci level or a previous support and then check the order book and set a buy order for another 25%. If my buy order is hit then I would set a new sell order price since I average down. If ever it continues to go down then I would continue the process above. So far I am doing good with this strategy. I have separate coins for long term.

[yesss]

My money management depend on the situation of market, for now  the dip market look over and probably the market will change to bullish trend so i put 80% of my money in to crypto and other 20% for fiat. And when i get profit 30%-50% i will cash out to fiat so my money in to fiat become about 30%.

To be able to manage well you must always follow information, analyze the technical chart from which to make specific plans for their own. It can be seen in early 2018 marked the tremendous fluctuations of the digital money market when the most valuable currency is the bitcoin lost three-thirds of its value and reduced to $ 7000 at the time present.

[nz_sana]

I've invested a few days ago in the trade. Learn about forex and crypto trading from this forum. To be a good professional trader, just know what money management? Do not know more.
What do you need to know to be a trader?
I'll be benefited by telling me.

[tech72]

The percentage in which you have divided your portfolio is perfect if you are experienced in day trading as well has proven track record. If you are new, then you should only play with 20% or less money in altcoins till you have a high success rate in day trading. Also, market is currently not too good for day trading in altcoins as they can move in any direction as per btc prices.