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Author Topic: Please advise me which coins best for the day trading  (Read 24026 times)
princerepon
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August 17, 2019, 10:32:51 PM
 #181

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 for day trading btc is the best option. Cause it's too risk for altcoin in short time trade. And i think XRP is the valuable choice on of you are holding. RVN and ADA also good altcoin but i re-commanded XRP. Day trade really risky but if you want here some alt which i think good for day trade. that is only my opinion- btc, nano, xrp, bnb, lsk, dgb you can try on those coin.
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August 18, 2019, 08:16:16 AM
 #182

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 for day trading btc is the best option. Cause it's too risk for altcoin in short time trade. And i think XRP is the valuable choice on of you are holding. RVN and ADA also good altcoin but i re-commanded XRP. Day trade really risky but if you want here some alt which i think good for day trade. that is only my opinion- btc, nano, xrp, bnb, lsk, dgb you can try on those coin.
Altcoins are not advisable for day trading, the volatility is not enough to manage the orders on small time frames compared to the Bitcoin. BNB is better for the long term trading, it doesn't fit my trading plans due to the steady growth rate. Day trading is risky, stressful but it becomes an addiction when you stare at the charts for 4-5 hours in a day according to my way of thinking.
HELLOFF
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August 18, 2019, 10:41:58 AM
 #183

In fact, I have long decided for myself that daily trading, or in other words, short-term trading carries a very big risk.  I also do not use altcoin and other coins for daily trading, because I do not want to risk my assets.  But why do you think that Bitcoin is most suitable for day trading?
sana54210
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August 19, 2019, 09:56:11 AM
 #184

Altcoins are not advisable for day trading, the volatility is not enough to manage the orders on small time frames compared to the Bitcoin. BNB is better for the long term trading, it doesn't fit my trading plans due to the steady growth rate. Day trading is risky, stressful but it becomes an addiction when you stare at the charts for 4-5 hours in a day according to my way of thinking.
Right about that, most altcoins are quite good for short term trading alone as we can even see that majority of the newer ones are more like pump and dump coins, so it would be a big disaster if people use it for trading or rely on them for long term holding, only those altcoins that are at the tops are still quite reliable to be sued for both trading and long term holding which is not all the time.

The best coin to trade is still that bitcoin, and when trading bitcoin too because of its volatility, we have to be sure that we are careful about it, that is why I don’t usually encourage people to go on leverage trading with bitcoin because of its volatility, it is better to just stick with spot trading for bitcoin or better still just hold and sell when there is profit.
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September 06, 2019, 12:25:51 PM
 #185

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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