How to Find Good Day Trading Coins?


#1
  • I’ve heard that finding a good pick for the day is most of the work.
    HOW DO YOU FIND YOUR COIN FOR THE DAY? WHAT IS YOUR PROCESS?

  • I’ve heard that you want to find coins with a lot of volatility.

  • I’ve heard about the VIX bitcoin volatility index.
    HOW DO WE QUICKLY SEE THE VOLATILITY OF A VARIETY OF ALT COINS? Is there a tool? A source?

  • Volume and liquidity are key. So only choose big name coins and pairs with a lot of action. Many terrible coins have high volatility but low volume which makes it easy to get trapped. Lesson: Only trade with popular coins.

  • I assume we want to focus on a coin which is uptrending for the day.

  • I assume that there is at least ONE good coin worth day-trading each day – and that there is a timely way to find it. Again… what’s your process?

  • I believe we can still profitably day-trade during a bear market. Does anyone have experience successfully day-trading in a bear market OR down-trending coin? If so, HOW DO YOU DO IT?


#2

you listed the ways to find. I would only day trade a coin with high liquidity, helps if coin is in a trend too.


#3

Where do you find your trenders? Is it just picking one randomly from the top daily gainers, or do you seek out news (if so what kind - I used to look for mainnet launches but decided they were a bit lack luster).


#4

I prefer to avioid any coins which have a lot of news around them at that point(makes TA less effective). I have a list of 20coins, each morning i go through each coin and will do TA on each one. Pick my top 3 coins which have the best looking TA, and will trade those.


#5

How do you pick your 20?


#6

Whaleagents can provide you with a great picks on a daily basis
they have a free Telegram channel


#7

anyone trading ETH today?
Dano? Is ETH on todays coin pick?

I keep asking mate…but how many crypto monitors do you run?


#8

I do think ETH looks bearish, but not trading it today, leaving it for weekend now unless a nice setup comes along.

I have 2 monitors, is that what you mean?


#9

Yes mate… I am always interested in pro traders actual “tradestation” set ups…
2 monitors was what I meant… :+1:
I think I could get away with 2 27" and a laptop…trading on just a laptop is nigh on impossible for me.
:beers:


#10

Yes i could never work from 1 screen. I have x2 28" in one office and x2 32" monitors in the other.

I could not work from just one screen, even for things just like emails and internet browsing D: