Use two-factor authentication to maximize the security of your accounts. Some coins are only available for trading on an exchange, but not the other, so you will need to use them all in special conditions, but I recommend using Poloniex for most of your altcoin flipping trades. I am going to show you how to deposit your bitcoin to your wallet on Poloniex: Use this address to send your bitcoins to.
Note that your coins will not be added to your wallet on Poloniex, except after the transaction has received three confirmations. Your will be prompted with a list of all available coins for trading. Note that on Poloniex, there are 4 markets; the bitcoin, ethereum, monero and USD markets. For altcoin flipping, you will only use the bitcoin trading market.
Now, let me show you how to buy your first altcoins: For the purpose of this tutorial, I will show you how to buy some synero AMP. So, on the list of coins available on the right side of the page, click on the synero AMP market as shown on the below screenshot: We will buy synero using an ordinary buy order. You have to fill 2 box fields and the third field will be filled automatically for you. You have first to specify the price at which you want to buy your coins and then you can choose whether to specify the amount of synero you want to buy, or the amount of bitcoin you wish to spend buying synero.
As shown on the below screenshot, I selected to buy synero coins at a price of 0. The system automatically calculated the full price of this trade 0. After buying your coins, I recommend including them in a sell order as soon as possible, to make sure that your coins will be sold for profit, once your target price has been reached.
Now, let me include the synero coins we have just bought into a sell order. Determine your target price for selling your coins. Setting up your sell order: I entered the target price 0. Whenever the target price is reached, your coins will be sold automatically, provided that there is enough sell orders. As you will be flipping altcoins, try to enter trades that would last for a few days, better less than one week.