Post
Topic
Board Trading Discussion
Re: How to choose correct coin for Day Trading
by
jrrsparkles
on 22/02/2020, 18:27:19 UTC
I am new to trading. But I know basics about how to buy, how to sell those. I have some experience too.

But I failed on choosing correct coin for which I do trading, where I get information about it. Which coin get good pumps, dumps today. Like those details is possible to known before.

Any one know pls share some tips for me.
If you don't know which coin to pick then go with bitcoin and USDT pair.It may not give huge profits everyday but definitely you won't face situation of losing all your capital amount. And no one can say which coin is going to get bump and dump for next day so just make your own analysis.
I thibk it bette to hold your because can possible you good profit. But if you really want to trade then the first thing you must do is to monitor the market and then trade when you see there a little movement upward. But before do day trading you must need to pick one of the known coin because having them can give you good profit.

Coins with highest volatility can give you better profits so it is not going to be known coin for sure.But it is better to pick the coin with daily trading value of more than 500 or 1000 BTC to ensure some liquidity whenever you wanted to.