Quote from: Dmitry.Vastov on November 01, 2017, 05:05:47 PM

Quote from: jisokoo on November 01, 2017, 03:14:36 PM

Hello all,
I am starting to day-trade on the crypto market and I was wondering what was your strategy?
For now I am just starting, I use MA, S/R levels, Fibs and RSI mainly.
What about you?

My trading strategy is very simple and yet really effective. I only trade with coins which have a very high trading volume to ensure liquidity if my assets. This is the most important thing to look for in the coin you want to day trade.
Second, i only buy those coins which i think have alot of potential to grow in future. The crypto market is very volatile and anything can happen so if you choose wisely, you can also recover your trading loss by holding a progressive coin.
Fib ret (Fibonacci Retracement) is a tool used by many traders to choose the right coin to trade and you can easily use them to find a better coin. They basically use horizontal lines to indicate areas of support or resistance. You can refer to http://www.investopedia.com/terms/f/fibonacciretracement.asp for better understanding.

Thanks for your answer
Do you use other indicators? You choose a coin that has potential to be able to hold it long term in case it cause down? So you don't put stop-loss?