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Author Topic: Please advise me which coins best for the day trading  (Read 24028 times)
septi.JR
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February 06, 2019, 09:15:39 AM
 #81

if you ask for a coin. of course I will trade bitcoin and ethereum for every day, because most markets in the world have both coins, that's one of my suggestions


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February 06, 2019, 10:34:07 AM
 #82

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
ADA, EOS and USDT. You know, sometimes the method of managing crypto trading is different for everyone, I mean maybe A coin is good for some people but it's also not good for other people, it's because of differences in managing management, experience and trading skills.

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February 06, 2019, 12:41:49 PM
 #83

In my own opinion, I always use Mondays to prepare for my trades and seriously trade from Tuesday to Thursday in the week. I do not open my system on Fridays because of its news that will change the market outlook any time.
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February 06, 2019, 02:57:25 PM
 #84

if you ask for a coin. of course I will trade bitcoin and ethereum for every day, because most markets in the world have both coins, that's one of my suggestions
- Bitcoin and eth are really very popular currencies for trading day but I do not encourage us to rely on both too much because the whales always know people love these currencies, and our hobby will become their tool, they will rely on this point to create traps and make us lose money, there are many such cases, each time bitcoin and eth crash, it is not a small number, and victims often lose a lot of money. So if someone asks for a currency to trade day, they should choose according to the news and analysis they receive, all can be profitable, important is the way we use it


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February 06, 2019, 03:07:38 PM
 #85

if you ask for a coin. of course I will trade bitcoin and ethereum for every day, because most markets in the world have both coins, that's one of my suggestions
if in my opinion the two coins are not good enough to be traded every day, because to get profit now is still very difficult, so both coins are great if traded long-term if in my opinion

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February 06, 2019, 03:24:48 PM
 #86

You have two options to trade against.  You can try to obtain more USD/USDT or obtain more bitcoin since every coin is traded against btc.  If you think the entire crypto market will go up you should keep all your profits in btc.
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February 07, 2019, 02:11:35 AM
 #87

You have to choose different coin for day trading, and choose it according to technical analysis. But if you want to do swing trading will be better use technical and also fundamental analysis. In each day always there are some coin with biggest loser and biggest gainer and technical analysis will help to decide which coin should be to buy. Trade only top 100 coin in coinmarketcap is better.

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February 07, 2019, 02:33:20 AM
 #88

You have to choose different coin for day trading, and choose it according to technical analysis. But if you want to do swing trading will be better use technical and also fundamental analysis. In each day always there are some coin with biggest loser and biggest gainer and technical analysis will help to decide which coin should be to buy. Trade only top 100 coin in coinmarketcap is better.
Choosing the best coins to trade and buy from exchanges should be done according to coinmarket cap. This will help you determine the fine analysis which will provide you lot of inputs, that will encourage you to invest that crypto community. Try to check sxdt token right now, it's now growing and this utility token will again pump towards previous peak price previously achieved from past years.

 
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February 07, 2019, 03:10:09 AM
 #89

Litecoin is a decent day trading coin imo. To maximize gains I'd recommend trading on coinbase pro with limit orders only. I'm not good at day trading (also don't have time) but I could see decent gains day trading with 2k. The fees will eat profits so I recommend coinbase pro for day trading (no fees on limit orders). Buy entries $32 is good. sell around $33 to $34. Of course like any alt, litecoin could become bearish and not worth trading.
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February 07, 2019, 03:46:48 AM
 #90

You need to periodically change cryptocurrencies, track them from the top 500, analyze and select the average value of the price change and so you can easily get 10-15% of profit in a week, without taking into account the complex percentage even
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February 07, 2019, 05:35:21 AM
 #91

Normally picking particular coins for day trading will make less profits for us,so you need to keep changing your cryptos too often or even everyday itself to bring more money to your house since in day trading high price volatility as well as high profits so you need to find the coins which has higher price changes on that day.









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February 07, 2019, 06:49:34 AM
 #92

Not all of cryptocurrencies are suitable in day trading so we should choose carefully what is the best coins in day trading. It is advisable to use ltc, eth, eos and bitcoin cash in day trading because this coins have good reputation and valuable in the market.
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February 07, 2019, 09:26:31 AM
 #93

For me, the best coins to day trade are ones with a market cap between 10 and 100 million and at least 1/8 of that in daily price action. These coins have the highest probability of doubling or even tripling in a day.
what I see the main risk in this business after reading your investment if you are little lacy with the time of trading then a huge amount of differences will came to the prophets that you are getting from trading and in most of the time Bitcoin will be used by the people from most of the people for best profits in trading
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February 07, 2019, 11:10:32 PM
 #94

For me,i still prefer with btc and eth.They still make good income for day trade.But it won't be a guarantee that you will make good profits if you yourself cannot cope up with the risks it has.Day trading is quite harder and more risky than long term trading so atleast you should be a good trader or even experienced trader so that you can minimize losses and maximize your profits.
Bitcoin and ethereum have the highest market caps and volume so it makes sense to choose them as a day trader since you can always find someone interested in buying them or selling them, but if you really want to be profitable you need to look at the movements of more than two coins that way you will always find a good opportunity to make money as long as you are a good trader.
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February 07, 2019, 11:37:47 PM
 #95

You can buy ETH and maybe Tron which seems to be growing well due to some development and hype I think there are many potential coins out there The most important key is how you research your best projects

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February 08, 2019, 11:41:55 AM
 #96

if you ask for a coin. of course I will trade bitcoin and ethereum for every day, because most markets in the world have both coins, that's one of my suggestions
You have suggested best coin mate it is really at high demand it has high potential and we can look at the previous history of market as well, since long bitcoin it is first crypto coin which gives us special place in market, people trust it very much, because of high popularity we can learn about day trading using these coins we will be relaxed and satisfied.
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February 08, 2019, 12:54:17 PM
 #97

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

If you like to trade try some altcoins that trends up for now like XRP this coin is good to trade and to invest because lot of people like it and this is the most pick of all better than Ethereum.
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February 08, 2019, 01:23:15 PM
 #98

You can buy ETH and maybe Tron which seems to be growing well due to some development and hype I think there are many potential coins out there The most important key is how you research your best projects

The OP is asking for a coin that is good for doing short trading. I don't think that ETH or Tron will be a likely candidate because they're more for a long term hold.

I usually look at coinmarketcap and see which coins is moving here https://coinmarketcap.com/gainers-losers/. But you need to be very careful and should get out once you make money already. No need to be emotional or greedy otherwise you might lose control.

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royalfestus
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February 08, 2019, 01:28:08 PM
 #99

I don't expect not to see bitcoin on your list, in fact it should take more than 70% of the traded coin.

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    CRYPTO WEBNEOBANK    
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goldexp83
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February 08, 2019, 01:53:25 PM
 #100

I usually look at what is trending and what exchanges I can find rhe specific coins

yes most of people trade usually BTC or Ethereum but it can get boring soon

for example right now many people are trading BTT and tron, since the ICO just finished and there was a lot of hype

do your own research always

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