I want to see how far I can take $100 day trading. I welcome any tips and advice please. How do I find coins/tokens that are about to pump?
Thanks!
With such a small amount to invest, it's better to stick with coins with a top 50 (or even better) marketcap.
My tips:
- use an exchange with low or zero fees, i.e. cobinhood, binance
- trade your coins vs. Tether, not BTC or ETH
- buy the dip (don't panic if you're too late, there will be more opportunities)
- never join pump & dump schemes
Example!
Buy Bitcoin at a relatively low rate (24h rate). Immediately open a sell order vs. Tether (USDT) at that price +3%.
When the order is finished, open a buy order at any lower price than last. Repeat!