How should I choose a cryptocurrency for day trading?

Well, there are more than 12,000 different cryptocurrencies to choose from, so the world is your oyster in this regard.

Now, when it comes to selecting what coins you want to day trade, you need to incorporate these factors into your strategy:

• Select digital tokens that possess high liquidity and high volatility.
• The Money Flow Index (MFI) is a technical gauge to measure the activity of the smart money (institutions) buying and selling cryptocurrencies (wait until it hits 100).
• Stick to the most popular cryptocurrencies with immense trading volume, such as Bitcoin, Ethereum, Ripple, and Tron.

In the end, be sure to only invest what you can afford to lose.