How do I become a Crypto day trader?

[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