How do I become a Crypto day trader?

[gotliv]

What tools are you using to manage your daily trading? Which strategies are working best?

[richcorner100]

Firstly you yave to learn about technical analysis because this is will be basic of day trading. Use time frame minimum 1 hours and learn price action of crypto by understanding chart pattern and candlestick pattern. You should understand about support and resistance level to decide entry buy and sell. Other important thing you have to set percentace of take profit and stop loss in every trade.

[no0dlepunk]

What tools are you using to manage your daily trading? Which strategies are working best?

Man, you better start trading at low cap; don't even think about trading huge immediately. One more thing, you must expect losses in your first few trades but also keep in mind that what doesn't kill you makes you stronger.

Anyway, I don't use tools; I trade in poloniex.

[janhllr]

You can follow these tips:
1. Learn about tech behind cryptocurrencies (mintable coins, non-mintable coins, Blockchain and other tech stuff ).
2. Learn about cryptocurrencies trends of past year and whats going on currenctly.
3. Select the best crypto coin or coins you are interested to invest in.
4. Research about their tech more and follow the trends for some period.
5. Learn the basics of crypto investments i.e. When to enter and when to exit.
6. Make a plan your investment Goals.
7. Keep following latest news and announcements.

[Ranly123]

What tools are you using to manage your daily trading? Which strategies are working best?

Don't use tools to trade for you. What you need is to start trading low or at low cap. Don't ever dare to start at high price because that would definitely be at your disadvantage. Remember to keep monitoring the market price daily. Buy low and sell high should be done if you want success in your trades.

[adamlillian]

What tools are you using to manage your daily trading? Which strategies are working best?

I am using Portfolio to manage my daily transactions. The application will show the profit or loss in 24h. It saved me a lot of time to look at the altcoins I have invested.
At a new person, I think you should choose daily deals to get familiar with the market's volatility. You have to spend 6 months to understand more about the Crypto market.

[PX-Z]

What tools are you using to manage your daily trading? Which strategies are working best?

In crypto trading you need to have an enough knowledge about cryptocurrency specially on its market value, before you can make some earnings from it. If i were you, you have to make a lot of research first about crypto specially in crypto trading. Because it takes so much risk that can cause you losing a lot of money if you don't actually understand what it is.

[Tytanowy Janusz]

Firstly you yave to learn about technical analysis because this is will be basic of day trading. Use time frame minimum 1 hours and learn price action of crypto by understanding chart pattern and candlestick pattern. You should understand about support and resistance level to decide entry buy and sell. Other important thing you have to set percentace of take profit and stop loss in every trade.

TA worked years ago. Not now with majority of volume made by bots and ai bots. Most of indicators was made years ago (19xx) for low variability stock market when you need to call your broker to made trade. And none of TA indicators was made to work on market on which arbitrage bots works from various exchanges and coins. Min 1h? why if altcoins has such variability that you can earn few % in 5-20 min on 5 min candle like i do.

TA especialy dont work on market this small bacause even few mil used wisely by whale can push price +-50%

Just think for a moment. If you are trading from IA indicators you are like trading bot but much slower, more stupid and susceptible for emotions and gambling. You become piggybank for those bots who will alwais be faster and better than you.

You can follow these tips:
1. Learn about tech behind cryptocurrencies (mintable coins, non-mintable coins, Blockchain and other tech stuff ).
2. Learn about cryptocurrencies trends of past year and whats going on currenctly.
3. Select the best crypto coin or coins you are interested to invest in.
4. Research about their tech more and follow the trends for some period.
5. Learn the basics of crypto investments i.e. When to enter and when to exit.
6. Make a plan your investment Goals.
7. Keep following latest news and announcements.

OP is asking for daytrading not investing.


To become daytrader you need to make as many trades as you can with minimum bet to make your learning as cheap as possible. Do as manny mistakes as you can and earn from every. Watch how price react for news, panic sell, panic buy and use that panic as your advantage.

Daytrader earns buying risk and selling hopes. Investor buy hopes and sell dreams or risk if price goes down

[rajapatr1]

The only thing that you need to do first , is to try to learn a little about how the entire market works, and how to avoid having much losses at the beggining, that is the most important thing that you need to do.

[reliable]

What tools are you using to manage your daily trading? Which strategies are working best?

For new joiners directly you should not be trading. You need to get experience and learn and understand for couple of months about different crypto currencies etc. Read this forum till that time to gain more knowledge. Also determine how much extra money you have and also it will not effect even if you lose it.

[cahgantenx]

What tools are you using to manage your daily trading? Which strategies are working best?

I have no specific strategy in the world of trading Bitcoin and Altcoin. It's just that I just apply the system short term and long term. Expect to gain profit with short and long term

[hugeblack]

What tools are you using to manage your daily trading? Which strategies are working best?

There is no unified strategy to control daily trading. The goal at the end is profit.
I am interested in reading the news because it is the key to move the price up or down."Regulation, Fork, ...etc"
Sites like this[https://bitscreener.com/  ,   https://cryptowat.ch/ ], give me a holistic vision to determine what I will do.
Listening to other analysis or technical analysis is not of great benefit.

[gotliv]

Isn't it a lot like gambling and most chances are to get burn and lose everything? isn't it better to pick coins and hodl?

[bakujo0817]

What tools are you using to manage your daily trading? Which strategies are working best?

you should better learn first and educate yourself about market and learn how to use indicators before trading and theres no best strategy of trading sometimes you need luck.

[iqlimasyadiqa]

What tools are you using to manage your daily trading? Which strategies are working best?

you should better learn first and educate yourself about market and learn how to use indicators before trading and theres no best strategy of trading sometimes you need luck.

when we want to become a trader then we must learn all things related to trading. analysis of coins and also how to make decisions is an indispensable thing. please ensure that experience will also affect the results we will receive. a trading also requires good emotional control because without it then it can not all run smoothly. I personally believe in luck, but the percentage I think is very small and about 15% that determines the outcome is a fortune. but believe me that when we have the skills and also the good experience then we will be one step towards success.

[speedy1987]

What tools are you using to manage your daily trading? Which strategies are working best?

First thing to be followed is that we have to go though the technical analysis of the cryptocurrencies. Then we should be updated on the latest news about the market. and we also should know about the past histories so that it might be useful before making a decision.

[raider150shifter]

Technical Analysis is great to use when you are day trading, watch some videos in youtube about Technical Analysis and you can get resources in investopedia.com

[Jesabela04]

What tools are you using to manage your daily trading? Which strategies are working best?

I believe that there are lots of resources for us to gain more knowledge about day trading. It is just for us to make way. The internet has a lot of information about trading and if we are just willing and eager to learn, we would be able to do day trading successfully.

[renes]

I don't do day trading but if I do I would use a good trading bot for day trading because you need to be either a whale or be very experienced, I don't think technical analyses work good for daily trading.

[BTCeminjas]

What tools are you using to manage your daily trading? Which strategies are working best?

I don't want to give you a tool or whatever regarding day trading, because I personally hate that work.
Learn by your own self by searching and others day traders are so a risk work I don't even want that so stressful monitoring the price movement in the market cap. If I were you just learn first the low cap trading before to do that if you really want.

[Geurangsang]

What tools are you using to manage your daily trading? Which strategies are working best?

I use DMI, RSI, Bollinger band, and MACD. The clue to get profite is knowing the trend of coin. DMI so usefull to get that. I also use MACD to look market trend, but I use it for backup dan other support. RSI is for look how possible they can be. Bollinger band is to where support and resistant will change and trend will be change again.   

[casternetwork]

What tools are you using to manage your daily trading? Which strategies are working best?

You can find your answer in all of the day trading tutorials on youtube. The videos will guide you very carefully, and you can entirely become a successful trader with intraday trading

[metalglowd]

daily traders have a higher risk, especially because it is this crypto fluctuations are things that often make people become easily panic sell. capital for day trader should also be bigger. Day trader is more suitable for those who are already experienced in analyzing the chart

[danherbias07]

Tools?
I dont have one. Just my instincts and manual trading.
I remember Aion when I was trading in Binance. Easy to do it there for you can check from time to time using their android app.
 Made my 100 Aion into 180 in just a manner of a week.
It is worth 3 dollars a piece before. I dont know now since I sold it all. Somehow it is tiring to monitor a lot of tokens. So I just picked my favorites and stayed with them.

[CoinMarcel]

I don't do day trading but if I do I would use a good trading bot for day trading because you need to be either a whale or be very experienced, I don't think technical analyses work good for daily trading.

I agree, I think the technical analyses are sometimes overestimated. Most of the time it is beter to hodl than to daytrade.

[arbitragewin]

What tools are you using to manage your daily trading? Which strategies are working best?

I use Arbitragewin arbitrage trading bots to trade for me. It is buying lower price at exchange A and selling them higher at exchange B. Minimal risk and decent returns.

[tothanhtuan]

If you subscribe to cryptosomniac you would have gotten a pdf file today containing some TA for Bitcoin. The last two slides show Bitcoin as quite bullish for the long term but to basically expect a long extended sell off period. Make what you will of it and always do what’s in your best interests.

[Visbay]

What tools are you using to manage your daily trading? Which strategies are working best?

I have no specific strategy in the world of trading Bitcoin and Altcoin. It's just that I just apply the system short term and long term. Expect to gain profit with short and long term

Yes it is good way of making profit from day trading and long term trading, we need to have many things Sin our personality if we want to become good at day trading, we need to have skills, we need to have fine information about market and to know when to sell and when to buy, at the time of red never think about selling for day trading, so buy at low and trade after making it high, you needs to be a bit experienced and well skilled if you want to earn huge from day trading.

[iv4n]

What tools are you using to manage your daily trading? Which strategies are working best?

I have no specific strategy in the world of trading Bitcoin and Altcoin. It's just that I just apply the system short term and long term. Expect to gain profit with short and long term

Yes it is good way of making profit from day trading and long term trading, we need to have many things Sin our personality if we want to become good at day trading, we need to have skills, we need to have fine information about market and to know when to sell and when to buy, at the time of red never think about selling for day trading, so buy at low and trade after making it high, you needs to be a bit experienced and well skilled if you want to earn huge from day trading.

This newcomer asked for daily trading and the tool we use to maximise profit from that. I don't know why you talk about long term trading and about what suits you in that.
It's not easy to be successful in daily trading, first of all you need to have time to sit at your desk and computer couple times per day, at least couple hours each time. More time you spend, more informations you can gather, more opportunities you have for making good trades in the right time.
Daily trading isn't for people who have trade for the first time, it's not easy to follow the market movement if you don't know nothing about the market. Learning is essential, later you can start with practice and more practice you have, more chances for successful trade's you have.

[nguli]

to be a crypto trader with daily trading it seems you have to have expertise in the world of trading and must have a good experience to be able to determine the right time to buy and the right time to sell.

[KingdomHearts]

Firstly you yave to learn about technical analysis because this is will be basic of day trading. Use time frame minimum 1 hours and learn price action of crypto by understanding chart pattern and candlestick pattern. You should understand about support and resistance level to decide entry buy and sell. Other important thing you have to set percentace of take profit and stop loss in every trade.

You can only be successful in day trading once you will go for with all your heart and mind. You need to be sure that you want to do it yourself and that you are ready to learn anything which you need to learn honestly. It takes a lot of efforts for anyone to learn those things but once you learn such things, then making of money is just a piece of cake and that all your efforts will then bring a sweet fruit for you.

[Bitcoinjheta]

What tools are you using to manage your daily trading? Which strategies are working best?

There is no tools to be used on managing your daily trading. Only thing to do is  gathered some information by reading through this forum on trading discussion and learned from it. Try it with yourself in a small amount of trading as a practice which you can used your technical analysis in analysing the coin, this is to become a better crypto day trader.

[herurist]

What tools are you using to manage your daily trading? Which strategies are working best?

Day trading is the most difficult method in trading world, using short time period, stop loss and take profit with low range and some people do with only one shot with out protection ( recovery ). Practice with real money is the right step because will give you true condition ( reality ) about the risk. Don't push to hard, make time to learn the basic trading, practice and good luck to you.

[gotliv]

Thanks for the great answers!
Do you really manage to earn your living with daily trading?

[hoavantathan]

You should try. But in my opinion, you should invest 10% of your total money to altcoin and the rest of your money to invest BTC or ETH. Because ETH and BTC are the leader coins. When you invest altcoin, you can maintain your sensitivity of the market

[Amanda Safe]

I will answer the direct question of this section.  I became a crypto trader working on myself, on my way of thinking.  I read a lot of books about trading and thanks to this I'm now where I should be .. So if you want to become a crypto trader, it's up to you now

[sajeebur rahaman]

Crypto Market Day Trading is a little deficit, If you do daily trading use 5 / and 13 MA Hope you get good results
thanks...

[Torrenth]

I think the first thing to note is the activity of the coin on the market, because it will be decisive for the future, because trading in crypto is high risk.

[colkcolk]

What tools are you using to manage your daily trading? Which strategies are working best?

There are several things to be known in trading such as:
1. Technical Analysis to give you understanding the market through chart perception
2. Fundamental Analysis that will provide you the indication where will the market go which is impacted by news come to the market
3. Risk Management such as cut loss to prevent you more loss if you put wrong position, averaging, etc.

[Caroluxrex]

if you are too lazy to look for information and learn from your own mistakes, then buy a good course on trading cryptocurrency

[damberg]

What tools are you using to manage your daily trading? Which strategies are working best?

Well, you asked one of the most complex questions in trading generally. There are a few decisions you should make before entering the market. It concerns the timeframe, expected daily and monthly percent and the strategy you will most likely "synchronize" yourself with. For being really successful (= consistent) in day trading you must think and live with your trading strategy - it is probably the only way to cope with fear and greed in trading.

[Bdstar]

You need to favor your luck if you want to make money from one-day trading because no one has any idea about the decentralized market. Not only that but also You can't imagine what will happen within an hour. So one-day trading is too risky to get involved in this platform.

[karungbitcoin]

To become crypto trader i think better you should learn it by join trading cource and follow some education of trading. Before jump in to real account is important to know what should be doing during trading. By join trading cource you will get many knowledge and skill about trading, like technical and fundamental analysis and also the important thing is to know how to make management of money and risk to minimize the risk in trading activity.

[bitcad4u]

To begin day trading,you have to become technical strong.You will get that  knowledge by the trading experience.You will not get that by surfing and studying the article.Day trading is buying and selling in a same day by the pump and dump in the price of bitcoin. Simply buying at dump and selling at pump in a day .

[Cryptostocks]

you will need to understand how trading works, otherwise you are going to lose a lot of money, and the most special thing, is that you are going to waste a lot of hours just trying to learn how to trade.

[naidray]

I think the first thing to note is the activity of the coin on the market, because it will be decisive for the future, because trading in crypto is high risk.

Trading in crypto is a high risk indeed but that is where knowledge and information comes to play as you cannot do well without those. So many people think they can just be getting lucky from trading, but there is actually more to trading than getting lucky as most of it has to do with making good use of your strategy to increase what you have which most of the time comes with some pretty crazy decisions that one has to make.

Trading becomes interesting only if you know what you are doing, otherwise, anyone without it is in for a very bad ride down the route of losing everything.

[Cling18]

What tools are you using to manage your daily trading? Which strategies are working best?

There are things that you have to learn in order to do trading successfully. You must have the eagerness and willingness to adopt all the changes here in crypto world. You should learn how to handle your emotions as well since there is no permanent value here in crypto world. Lastly, have patience.

[otundebis]

It is very important that you do not taking more trade than you can handle!  Start trading with Bitcoin and gradually add solid Altcoin like Ethereum to your trading portfolio.  If you venturing to another,  make sure you know all that it is to such coin.

[mybtcasset]

if u want to become a crypto trader then u should follow this website regularly on daily basis bitcoinwisdom.com u will learn the patterns of the market in technical and fundamental format

[kulitmanggis]

to be a daily trader's crypto you have to have expertise that can help you to determine which coin is suitable for the buy and has a good potential for the buy and the right time to sell coin.

[Anandhi]

No pain no gain. Small risk for small profit, big risk big profit. That is the nature's law in almost every investment that exist in the universe.

[GawirZZ]

one of them is you have to sacrifice your time to monitor the market at any time because that is the most important thing and you should have capital two because daily trading is uncertain.

[jhongzjhong]

No pain no gain. Small risk for small profit, big risk big profit. That is the nature's law in almost every investment that exist in the universe.

A big check here, that's a good motivation for being a good day trader. Yes, of course, you need to learn first before to jump into the trading business and searching for the best decision is a must in trading because if you have error decision it might cause a failure in a field in trading. A risk is everywhere you need to face and have a good strategy to become a good trader and successful to earn a huge profit.

Btw OP I never used tools in trading because it won't help me searching is the best way there.
And of course, a screen monitor for graphics in price movement in the coins that I have in my portfolio.

[Reid]

What tools are you using to manage your daily trading? Which strategies are working best?

Just a spreadsheet listing all the altcoins that I have bought and how much I bought it.
That way I could see if there are changes already. Not just guessing when and how much I buy it.
It can easily be forgotten once you are holding a lot of them. Better to make a list.

Now after that, you will have to maintain. Monitoring all the prices everyday. It is hard work and 2 of them is being checked like every hour. Sure eats a lot of time. That is why some of the traders tend to make it almost like a job.

[valentine401]

What tools are you using to manage your daily trading? Which strategies are working best?

Multi tasking is the best thing to do if you want to have more income monthly or daily, i have a day job and after i am out on the office then i am focusing on trading while on my way home, in this way i can have small profits that i can add up to my monthly salary.

[budakjawa]

to be able to do daily trading you can see a good opportunity to buy bitcoin and must have some capital to help your profits because daily trading is very difficult if for new players.

[isidrorex]

Before investing your money savings into cryptocurrency, you have to study and learn about cryptocurrency trading first and trading strategies to enhance your knowledge. Youtube and Google is such a big help. And then I strongly recommend to master your Technical Analysis because it is really a big help here in this cruel cryptocurrency world.

[Kambal2000]

Before investing your money savings into cryptocurrency, you have to study and learn about cryptocurrency trading first and trading strategies to enhance your knowledge. Youtube and Google is such a big help. And then I strongly recommend to master your Technical Analysis because it is really a big help here in this cruel cryptocurrency world.

Well we have to have a patience if we really want to become a crypto day trader, not only patience but we have to have at least the courage in taking risk, the knowledge before stepping in trading, and put in mind that not everyday you have profit, but if you have the experience you'll have the advantage!

[el kaka22]

You need to favor your luck if you want to make money from one-day trading because no one has any idea about the decentralized market. Not only that but also You can't imagine what will happen within an hour. So one-day trading is too risky to get involved in this platform.

Luck does not have anything to do with trading, but your knowledge and strategy is actually the only thing that would work out best for anyone. Trading is not gambling and anyone who ends up seeing trading that way are usually the ones that ends up making grave mistakes at the end.

Learn as much as you can, find a good strategy for yourself and trade on that, as there is no other better way than that which a lot of people usually do not always understand before embarking on the trade journey. Both learning and deriving a strategy alone will be enough to find big profits from trading. Developing own strategy will be possible only after gaining handsome experience but most people not ready to understand this fact.

[LSt56]

indeed I am here very rarely to do day trading and that's just me doing when I see a big pump. but to do that I never use any tool and just do some research about the coins.

[jamesbond007pro]

I think you should use your knowledge, learn more and more about crypto market to know how it works, after that you spend 10% your free money to trade, for a long time you will get more experience and you will by tools for you. Good luck to you.

[Kevondo]

To become crypto trader i think better you should learn it by join trading cource and follow some education of trading. Before jump in to real account is important to know what should be doing during trading. By join trading cource you will get many knowledge and skill about trading, like technical and fundamental analysis and also the important thing is to know how to make management of money and risk to minimize the risk in trading activity.

You can become a good day trader if you master the trick of choosing good crypto currencies for day trading like NEO some Litecoin and ripple. You should enable your self to know the time in the market is suitable to buy and suitable to let go your portfolio. Also selling when the market is red is a bit difficult but eventually you can manage to get your hands on some money if you are having crypto with low risk and good return.

[cryptokitty]

I dont have any plans of becoming a trader. It just happened that I was forced to learn it because I need to sell the token coin I got from a longtime ago bounty. Now I use to trade my investments in ETH/USD , ETH/BTC, and BTC/USD. It is fun.

What tools are you using to manage your daily trading? Which strategies are working best?

[Pattart]

To become crypto trader i think better you should learn it by join trading cource and follow some education of trading. Before jump in to real account is important to know what should be doing during trading. By join trading cource you will get many knowledge and skill about trading, like technical and fundamental analysis and also the important thing is to know how to make management of money and risk to minimize the risk in trading activity.

You can become a good day trader if you master the trick of choosing good crypto currencies for day trading like NEO some Litecoin and ripple. You should enable your self to know the time in the market is suitable to buy and suitable to let go your portfolio. Also selling when the market is red is a bit difficult but eventually you can manage to get your hands on some money if you are having crypto with low risk and good return.

Yeah there are many things you should to have when you want to do daytrading. because in daily trading you will more often do the analysis and so forth to predict the price, looking for potential coin and so on. especially when a difficult situation such as a downtrend would require a high knowledge and many things because of the high risk. you need a lot of things to be a master on daytrade

[marketone]

I dont have any plans of becoming a trader. It just happened that I was forced to learn it because I need to sell the token coin I got from a longtime ago bounty. Now I use to trade my investments in ETH/USD , ETH/BTC, and BTC/USD. It is fun.

What tools are you using to manage your daily trading? Which strategies are working best?

Agree! Sometime it is very difficult to make profits through day trading because market situation is not accurate every time. Sometimes it is unpredictable how we move to day trading it is based on the knowledge we have it drives us to do day trading.

[yanto@1977]

What tools are you using to manage your daily trading? Which strategies are working best?

Tools you should have is only knowledge, that's it. You should know day trading is difficult than other strategy. Most people will use time frame 4H - Daily - Weeks, MA ( in & out ) & MACD ( read trend ) and leave news behind. Practice direct into real market with real money will give you experience about risk and emotion control. I suggest you use long time frame because market is slow, meaning before decides use strategy see trend first. That's my tools and guide,good luck to you. 

[baghodler123]

A lot of trades say (and its my experience too) that a strategy is only a small part of success in trading

[xenxen]

if you want to day trader theres no tools for that just only you can do is your knowledge and your skills of instincts. more patient also fucos and start for the low investment because day trade is have a high risk.

[iged_war]

if you want to day trader theres no tools for that just only you can do is your knowledge and your skills of instincts. more patient also fucos and start for the low investment because day trade is have a high risk.

using technical analisys help us to determine the best place or level to buy bitcoin or other cryptocurrency.developting our skills and knowledge give us big advantages to survive in crypto world.

[KingdomHearts]

What tools are you using to manage your daily trading? Which strategies are working best?

First thing is to raise capital after raising capital, you can then go for other things. You can then start with learning about technical analysis, but some people don’t learn this, they just jump into trading and find a technical analyst for them to be relying on.

There is nothing wrong it, but I think it s much better when you know it yourself and don’t have to rely on people to do it for you, cause sometimes they can do it wrongly, if you know it you can analyze by yourself to see if it’s right. Well, what you need to learn is just technical analysis and how trading works and which exchanger is best for you to start up with. Any other thing is just not so necessary.

[beerlover]

What tools are you using to manage your daily trading? Which strategies are working best?

Well, you asked one of the most complex questions in trading generally. There are a few decisions you should make before entering the market. It concerns the timeframe, expected daily and monthly percent and the strategy you will most likely "synchronize" yourself with. For being really successful (= consistent) in day trading you must think and live with your trading strategy - it is probably the only way to cope with fear and greed in trading.

Think and live with your trading strategy, I like that. It is necessary to know that this is a very volatile market and a little mistake can actually jeopardize one's fund is care is not taken, so it is always important to always keep that in mind, that no matter what, you are going to have a strategy which comes with learning a lot, then practice to build on that strategy and that is it as you wake up each day to make shit loads of money as much as you can from the market fluctuations.

Crypto trading itself a very risky one due to unpredictable nature of price movements. Day trading in cryptos will take those risks into extreme levels. I do see only very few people who are professionally qualified in trading making it possible with consistent profits. I have suggested most of the friends to do position trading when it comes for crypto trading.

[rainezerr401]

What tools are you using to manage your daily trading? Which strategies are working best?

You can always start to invest in the market then from there you can choose on either holding your coins or become a daily trader by monitoring the different charts in the market.

[KarinaChernyav]

In my opinion, the trade in crypto-currencies is no different from the usual trade, ie, everyday. The trader should also monitor asset price changes, monitor economic news using technical analysis or determine future price changes. The psychology of trading has long been familiar to us. But in order to become a trader, you first need to learn skills and then everything will turn out.

[Superzpay]

What tools are you using to manage your daily trading? Which strategies are working best?

Becoming a day trader is easy but there are more risk in that trading as no one know that why a coin start to increase and till how much time it will continue. It will be better that you contact to an expert trader before starting that. If anyone is a well educated and know about the altcoins then he can do some research as fast as possible at the time when the coin start to increase and when come to know the reason then they have to invest according to the situation.

[gudrun]

What tools are you using to manage your daily trading? Which strategies are working best?

You can see that today bitcoin is recovering lightly, so altcoin is also having a very strong recovery, so many altcoin are increasing sharply today, so you can completely trade At this point, you should trade short-term by day and always observe the bitcoin price to be able to handle every possible situation.

[teinblek]

Simply the target of daily traders are selling their altcoins everyday, no matter how much profit in a day even 1% profit. The strategy in day trading is don't buy altcoin only one coin, and you should be analyzed the market first, seems now like day trading is worse idea if we looking at the market activity.

[redsun114]

I think the first thing to note is the activity of the coin on the market, because it will be decisive for the future, because trading in crypto is high risk.

Trading in crypto is a high risk indeed but that is where knowledge and information comes to play as you cannot do well without those. So many people think they can just be getting lucky from trading, but there is actually more to trading than getting lucky as most of it has to do with making good use of your strategy to increase what you have which most of the time comes with some pretty crazy decisions that one has to make.

Trading becomes interesting only if you know what you are doing, otherwise, anyone without it is in for a very bad ride down the route of losing everything.

Crypto trading is something which is not possible for every one of us to do as not all of us has this much of the ability to do well when it comes to that of the crypto trading. The only reason behind this is that you must learn number of things and that too before even stepping into the world of the crypto trading and that you need to have rich amount of information to become successful in your life.

[ukboss]

If you want to crypto day trader you must have a knowledge about cryptocurrency if you don’t have any idea in cryptocurrency trading you can’t make a better result in your day trading. Holding is very easy everybody can do but day trading is very difficult so learn before start day trading otherwise you can lose your money.

[hitchcoin]

Usually, I use a Blackfolio smartphone app, and also some telegram bots, for example @ethtokenexplorer bot, to track, what are the diversity and quantity of coins on my wallets.

[luckybtccasino.com]

first, try to acquire some knowledge before trading, i saw a lot of people like you and then they just end up losing a lot of money because of it, so you need to prepare yourself

[ahmad21]

What tools are you using to manage your daily trading? Which strategies are working best?

Man, you better start trading at low cap; don't even think about trading huge immediately. One more thing, you must expect losses in your first few trades but also keep in mind that what doesn't kill you makes you stronger.

Anyway, I don't use tools; I trade in poloniex.

It is not easy to become a trader, as it’s not about just holding the money for long time. To become a successful trader you need you have many technical skills as you have to make many predictions about the market, knowledge of market trends and cryptocurrencies principles and control over your emotions. All of this comes with a lot of experience. You have to spends hours in front of charts studying how the stock/coin has reacted to various different news and patterns and then develop its future based on those reactions.

[Baoo]

Well, before everything you must learn the basics of trading in cryptocurrencies because when you start this field without a good knowledge, then it is certain that you will lose a big proportion of your money. Furthermore, the best start is by reading books related to crypto because they can help to take a shortcut way to understand well this field  and they have many useful tips, but you must choose the best books because there are some bad ones in terms of information and tips .

On the other hand, due to the market in a huge decline during this period, so I do not think that day trading is an appropriate choice for the biggest profit. I advise you to trade in a long term, especially for cryptocurrencies who has a large amount of Market cap and a weak price, and of course the best examples of these characteristics are Ripple (XRP), when you buy a large proportion of this currency, then it is certain that you will gain a huge money in a long term (maybe after 6 months or 1 year). Be patient.

[icoprofits]

if u are crypto day trader should pick the coins at the lowest price on that day and pick up the coins and close in single day when the target is reached that is how u make daily profits

[candy69]

If you want to be a crypto day trader, first you have to do long-term trading and get experience, as you gain experience then you can day day trading and would be successful.

[acener]

What tools are you using to manage your daily trading? Which strategies are working best?

There are things that you have to learn to be a day trader. For you to become a day trader, you would be needing a lot of eagerness and patience to learn about it. Skills is what you really need to become successful in in day trading. For you to earn better , you should know the basics of it first.

[davinchi]

What tools are you using to manage your daily trading? Which strategies are working best?

Money management, stochastic indicator as well as moving average is all that gives me the best from day trading. However, it is very important to understand that the market can actually be extremely volatile so, it is very important to never make the mistake of thinking you can just keep making shit loads of money without at least learning all that is necessary as that would definitely guide you on the decision you really want to be making in the market and not just some flimsy decisions.

[evelia4]

There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.

[jorgelugra]

I think that it is not too diffucult but you need to learn the market basics and gain some experience. To my mind, this is better to trade not the whole day and have some other job as well to be on the safe side

[_crypto_moon_]

I mainly use day-to-day trading for technical analysis, as well as analyze the volume of trading on each currency pair. This is enough to successfully trade.

[richjohn]

First, you need to be excellent in TA because timing short term trends is quite difficult and for day trading, you need to time hourly trends. Also, if you have any day job, it would be difficult for you to pursue day trading because it needs time and your attention throughout the day. You can't successfully make day trading a part time thing. If you are okay with giving your whole day to trading, then start with learning TA.

[deep4u]

Actually if you have to understand all about trading. You should have trading skill and knowledge about it.  You have to analyze the market strategy to invest or to trade.

[Emitdama]

There is only one website needed for you to make a good daily trader in today's time and that is coinmarketcap and this gives all the news as well as the financial numbers all in one site which means if you spent time on this site you will get better at it. I have learnt most of my crypto knowledge in start from coinmarketcap. It helped me a lot in gaining knowledge about crypto.

Well this seems so interesting that you are looking forward for something that is helpful for you to earn money thorough this world. Yeah, to look for information is compulsory because if you don’t know what have to do and how you would be doing that, things are always complex in the field. To make them easy, read about them on better platforms and bitcoin forum is one of those.

[bitcoinerjawa]

to be a crypto trader and do daily trading it seems you have to have a very good skill so you can decide yourself when is the right time to buy and sell coin.