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Author Topic: Please advise me which coins best for the day trading  (Read 24094 times)
SARA ISLAM (OP)
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December 21, 2018, 08:13:07 PM
 #1

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
Maxpips
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December 21, 2018, 08:25:54 PM
 #2


Bitcoin, since it has highest liquidity therefore; lowest transaction costs.

(Read my thread for daily analysis of Bitcoin).

https://bitcointalk.org/index.php?topic=5059592.0
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December 21, 2018, 08:31:21 PM
 #3

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD

It doesn't necessarily make sense to buy "low-priced" coins. You have to consider the size of supply. XRP is in the top 10 by market cap and ADA is close. That's because of their huge supplies. This limits their potential upside.

For day trading, I really prefer thick markets like BTC or ETH so I can easily enter and exit positions. I use leverage so I can maximize gains with limited collateral.

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December 21, 2018, 08:58:24 PM
 #4

Name: SARA ISLAM
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your account is recent, about your question:

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD

altcoin are very dangerous, often bitcoin has a small fall, but the altcoins fall a lot just because bitcoin had a small fall, the altcoins consistently have pumps and dumps and if you are very unlucky and buy at the top, you caba time many losses, that's why I give the same advice that @ Maxpips gave

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December 21, 2018, 09:44:53 PM
 #5

In principle, it shouldn't matter what coins you trade, as long as they have enough liquidity and enough volatility. All the rest is less important. Their actual price is also not so important.

Besides, you should have enough pairs at your disposal, because on the higher time frames (which are always better for trading and less prone to manipulations) you won't get entry/exit signals that often. If you trade just one or two pairs (on the higher time frames), you may have to wait for days for optimal entry/exit signals. So don't limit yourself to just a couple of pairs.
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December 22, 2018, 02:25:59 AM
 #6

dont look from the price that doesn't mean anything, because value still same just different amount.
for day trading i suggest ETH and BTC because that is very easy to sell and but fast.
some coin might you give you big profit but also big risk too.
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December 22, 2018, 03:27:08 AM
 #7

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
Basically all crypto currencies which are already listed on capital market are good for day trading but there are some steps you need to follow in other for you to run into debt. Steps like knowing the best time to enter/exit the market, trading coins which have high community support, standard utility and not centralized like XRP because they can be easily manipulate which affect your own profit.

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December 22, 2018, 03:49:51 AM
 #8

It's impossible to point out which coins are the best for day trading because the situation always changed. I'd rather avoid day trading and switch to swing trading that is less risky imo. In general, you should find a coin that has room to grow (low market cap, bullish channel formed etc), and judging from your capital buying coins/tokens under $1 is probably a great choice.

I think you should learn and build your trading skills rather than asking people which coins to buy.

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December 22, 2018, 07:01:59 AM
 #9

Bitcoin is also good for day trading now as we have been seeing notable pump and dump on the chart for the last two weeks. If you can study chart well you can make good profit from trading bitcoin
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December 22, 2018, 03:06:39 PM
 #10

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD

There are no coins that are best for day trading. Also the price does not matter because you can buy increments of coins. I would personally focus primarily on bitcoin because it is the coin with the most volume and the most interest and developments.

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December 22, 2018, 06:58:21 PM
 #11

Name: SARA ISLAM
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your account is recent, about your question:

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD

altcoin are very dangerous, often bitcoin has a small fall, but the altcoins fall a lot just because bitcoin had a small fall, the altcoins consistently have pumps and dumps and if you are very unlucky and buy at the top, you caba time many losses, that's why I give the same advice that @ Maxpips gave
Yes, sir, I know altcoin is very dangerous but I am staying 6/7 hour in the market so  I think pumps and dumps no more effect over me.
many many thanks sir for yous kind advice
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December 22, 2018, 07:02:45 PM
 #12

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
Hello! I think that it is worth trying to trade more such coins as Waves, Stratis, Ethereum. Good luck!
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December 22, 2018, 11:49:12 PM
Last edit: December 24, 2018, 12:14:21 AM by Clark05
 #13

Xrp is good for $2000 capital. Because if you invest your capital possible in the future your thousands dollars become hundreds thousands of dollars maybe if you should it for few many years like 2 to 3 years from now is betteer to see the price of ripple become high.
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December 23, 2018, 05:46:06 PM
 #14

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD
As of now the best coin for day trade are waves and xrp because of this stable price on market. The price of waves is also low the price is around $3-$4. Its hard to do day trading if you are lack of skills in doing trading but as long you have knowledge or background about trading you can really do day trading. Just try to buy waves which the price is now increasing.
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December 23, 2018, 08:00:58 PM
 #15

When you ask a whole community for advice on what coins to invest in,you probably would get thousands of replies,which one of them would you apply as your trading strategy
The more reason why you should find out informations on your own and try to find out about new coins or existing coins
Just a quick Google Search would guide you

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December 24, 2018, 12:03:41 AM
 #16

When you ask a whole community for advice on what coins to invest in,you probably would get thousands of replies,which one of them would you apply as your trading strategy
The more reason why you should find out informations on your own and try to find out about new coins or existing coins
Just a quick Google Search would guide you

You're right with what you said because people will post different type of shit coin but I will advice the OP to stick with bitcoin rather than adding altcoin because most of the altcoin posted on this thread are not quite good for crypto currency day trader.

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December 24, 2018, 09:12:05 AM
 #17

Day trading does not consider the fundamentals and product of the coin. The major factors are price volatility, and easy liquidity.
You would also need the full details on where the coin or token is listed, at what value and the various base currencies (trading pairs).
The more options the better, the coin should have sufficient volume and if possible be listed on numerous exchanges.

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December 24, 2018, 12:11:49 PM
 #18

Your choice isn't bad. Low satoshi coin is better for day trade since you don't have much capital. Everyone will suggest his favourite coin and it's normal. You can add more low satoshi coin on your portfolio like PAL, PMA, OCN and Hydro, it's all on bittrex. I think you can make day trade on that coin. It's not my favourite but low satoshi coin and profitable in my opinion.

However trading isn't so easy so everyone follow different strategy. But if you panic seller then you can't get profit ever. Need pateince for trading otherwise mostly time you will lose. It's not easy to recover if in case you loss one time. So trade with patience since you are newbie.

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December 24, 2018, 12:53:49 PM
 #19

Please advise me which coins best for day trading, currently, I use this coins XRP, Ravencoin (RVN) and (Cardano (ADA). I am using low price coins because I have only 2000 USD

I think best coins to day trade are high volume coins like BTC, ETH, XRP, TRX, BNB, EOS, NEO, WAVES. In low volume coins you can not get daily fluctuation to take trades, some coins are also pump and dump, those coins gain sometimes 100% in a day and trap investors then slowly come down, so if you are thinking of day trading you should always chose high volume coins.

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December 29, 2018, 07:09:56 AM
 #20

For now Im choosing other alts than bitcoin and ethereum because this two coins already dropped out so it's very risk if you gonna put your money and hold.

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