Topic: ㅤ (Read 872 times)

Typically, these calculations work well only on paper. In reality, it is extremely difficult to make stable capital gains every day. A trading plan is necessary and goals are good, they can save you from overtrading, but those goals should be realistic based on what you can do, not what you should do.

There are days when you get into a bad trade and are just waiting for your order to be executed. It happened to me that I sat in one deal for a week and waited for its execution. So you will not be able to earn consistently every day. Also keep in mind that the $ 10,000 that you invest in your trade still needs to be backed by additional capital in case of market drawdowns. Because trading with the entire deposit is crazy. I usually go to 2-2.5% of my assets, the remaining 40 parts of my deposit I need to average my positions in the market and reduce temporary losses when the deal went wrong.

And if you are talking about $ 10,000, then you must have another 30-40 of the same amount in order to qualify for a stable profit every day.

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At times like this, I regret not opening self-moderated topics. How does this shitpost relate to scalping theme? Do not litter my topic with a stupid flood.

Well, that really explains a lot. Now there are fewer questions for me.


Yes, day trading has its advantages, of course. Skills are beginning to be developed that will help in the further crypto journey.

I am able to understand this, it’s not always easy to be a trader and doing scalp trading. This led me to have reduced the length of time I do spend in trading these days. I have decided to do other things that will earn me money and ease me the stress that I have to go through while trading.

Sometimes I even do copy trading to ease the stress. And now I focus on other jobs I have to do that wouldn’t take much of time and keep worried, jobs that are not that risky. Too much of all these stress can really affect us later on, which is why it’s important to try and avoid it. Sure I did it (passed through the stress) till I was able to raise some good amount of money, and then I went back to Hodling, and also trying out other things that I can do as well to keep growing.

It is good enough but i want to say one thing about the beginners that they didn't have that much of knowledge and they didn't know much about trading strategy so they can't wait for a long term coins and , probably they will sell it and not having that much patience, and probably make a loss.

It really doesn't matter. I didn't expect your attitude to be so irritable. You deserve to be from a fighting nation, but you are not Putin (my favorite person, none of them). Is it because I have a relationship with this matter? I don't want to say anything. I know that if I were you and I encountered such a problem, I would also have the anger of being deceived. But you can't help but judge yourself. If the same thing happens in daily trading, you will definitely lose a lot.

Scalping trading is indeed way to generate profits in a short time, but not everyone can be successful when doing scalping trading. It takes knowledge
and skills to be able to do the analysis correctly, so we can choose the right coins for scalping. Because not all coins are suitable for scalping, even if
we are not careful, scalping trading can cause us to experience considerable losses. So I suggest that newbies don't do scalping trading, because
newbies don't have the knowledge and skills to analyze the market. Experience is also very useful to be able to succeed in making profits from
scalping trading.

Scalping is very good for short profit. I think scalping is profitable in bearish cycle. But its risky too. I lose 20% in scalping. I used solana and Dego for scalping m they both are volatile coins. I made 100$+ easily.
I also hold some coin which i can expect 2×

Did you have a daily income (net profit) goal?
%1 of $1,000 is $10. There is +/- %1 volitility everyday. One 10k trade a day would net you $100 a day. 2 times = $200...and so on.

What is your thought on that?

What is your problem, has it become less? I saw your article on the Economic Board-Reputation. I don’t know what you think about going out. You are a forum member who is willing to help newcomers. When others apply, you won’t read their posts. Is it spam? I will appeal. This forum is very centralized. Not only do I feel that the people on the forum are losing, but I also feel that this forum is seriously gang-colored. I would like to ask if I have done anything to harm others. ? Am I full of spam? I don’t want to argue with you anymore. I think this is a waste of each other’s time. I used a sentence in the forum and I will give it to you. Leo Tolstoy said, no matter how great a writer, he wrote it. The article is also one-sided。

Here, I do not interfere with the freedom of others, nor do I want to be framed by others. I have the final say on the time and scope of my activities. I did not participate in the farm, let alone the military. I just had some feelings in the forum, and now I am very angry because of you. Did you kill 1,000 people by mistake and never let a bad guy go? I also read some people's posts carefully, the quality is still relatively high, and there is no spam. I am a newcomer and I want to get meritorious services. There is nothing wrong with this. Many newcomer meritorious names are very eye-catching. For example, KAGGIE, he won a total of 200 merits, the pharmacist gave him 49, accounting for 24.5% of the total number, I don't care, I don't doubt whether there is any connection between them, I only look at the content of the post. I also see that you will give out merits in an average of 7-8 seconds. I want to know if you have finished reading the article? You are more active in the Russian sector, do you have your own army there? Do you have your own farm? Do you have your own fans? Do you have anyone you meet frequently in the forum? Are you sticking to the principles? Do you make people feel fair? If you comply, are you a robot?






I walked out of a quagmire, you dragged me into another puddle, I am just me, I don’t want to be attached to others, and I don’t want to be controlled by others, I am not as capable as you, so I am currently making some simple replies. When I make friends in the forum, I feel that there is a big gap between me and many members. I will naturally find someone who is about the same level as me. We grow up together. This is human nature. You showed me a Berlin Wall.

I used to be a scalper, and I saw the content of this post and reply, which completely described my life.

1. Sudden unearned gains, I am excited, I am an expert, I got the wealth code, drink and sing, because I have money, but I don’t know it is lucky. I want to tell the world, follow me, I can take you to fly together.

2. Without an objective analysis, my guts began to expand. I used to hold the spot, but now I want to increase my bargaining chips (I am like a gambler).

3. I started not sleeping every day. I lost my job and family. Sometimes I knew that I should let go, but the hand on the phone did not follow the instructions of the brain, and my eyes stopped blinking.

4. My body is very honest. I fell asleep and was suddenly awakened again. I was worried that I could not find my phone and there were bloodshot eyes in my eyes.

5. This state lasted for half a year, and my result was a mental breakdown, and I suffered from a severe self-consciousness phobia.

6. My principal is flying, my friends no longer believe me, I am lonely, and I slowly enter a normal state by relying on drugs. From the beginning of 2021, I completely leave the exchange. After I hit the wall, I saw my head broke and I knew who i was.

I'm lucky, I know, my knowledge in the cryptocurrency industry is pitiful. When you find the shortcut to success, I have entered the vortex of failure. You figured it out from the beginning. This is impossible. You have to pay the price. If I did not have the experience of scalping, I would not have the current knowledge, even if you told me the result, I would not have the complete knowledge. This is the way I must go.
I want to say, stay away from exchanges, stay away from short-term trading, stay away from greed, and find your own psychologist regularly (the doctor told me that 9 out of 10 people are mentally unhealthy). What then? Study, study, study-hold for a long time, and be optimistic about your wallet.

Buy 100 with a market order
Pay a -0,00075% taker fee of 0,075
Set a limit order at 100,075
If it is filled, you make 0,075 that offsets the taker fee you paid when you placed your first order

You also earn a maker fee of 0,00025% so +0.0250001875 in my example and your total profit is +0.0250001875

the smaller the time frame that we do to transact, the more difficult it is to do analysis, as is scalping, which not everyone can survive here. I personally am still learning to do scalping, because I am aggressive in trading. although all theory has been studied, but in practice it often fails, for now I can maintain capital every month has become a good target

Good Post. 


Thank you for clarifying your experience and contributing it to us.

What do you mean by "long term trader"? Buy once and sell again after 10 years? So a Hodler?

My experience here is quite identical, also traded for a long time, but now I unfortunately lack the time. Especially intra-day trading is very time consuming and next to a 9-5 job almost not feasible. In addition, here in my country the regulations regarding crypto taxes have been tightened significantly, making many small and fast trades completely uninteresting.

I remember those times where I do some scalping, then switch to margin trading then I realized its not my thing so Ive sticked with long term trading. Now, I have minimal time to focus on charts, indicatoes and signals so it suited me to just become a long term trader.

However, those were the days that gives me so many knowledge because I continue to learn some tools that helps me grow as scalper.

I agree with you, I think that if you do trading, it should not be taken that way because it would be to enter trading as Gambling and if we see it as Gambling it is very likely to lose quickly.It is always good to do a very deep technical analysis for scalping, from what I understand to see the profitability in scalping is to bet a lot of money, they are very fast operations but you get fast results, here adrenaline and action are put to the test of sticking to the devised plan. So far I have not felt capable of scalping, I really see it very difficult, I do not have that much ability to react quickly.

Yes! This is why most persons results to scalping for a trading technique or strategy. Its a short interval trading which is more time, energy and resource consuming. Yes, you might have the free time to be at rest yourself in a way but in other way, youraways tempted to also go in the market to pick a few more pips. It makes you money hungry because, you never get so much no matter how much you get though, it depends largely on what you entered the market with but then, you always feel there is an opportunity your missing by not being in or watching the market with every passing time. It might be safe but still, its got flaws and a lot of it too.

I suggest you use one exchange to scalping trade because that will not confuse the analysis of the coin movements. If you use many exchanges to trade, that would be called arbitrage trading, which is more difficult than the scalping trade. Scalping trade itself has its difficulty and not many traders can do that.

You need to have skills to analyze the coin movement because when the price can move fast up and down in a time frame such as one or two hours, you can use buy low and sell high. Otherwise, you can just buy and hold. Nowadays, scalping trade is still possible because I see some coins can move fast up and down so you can expect to make a profit, but the profit will vary every time you trade. Many things you need to prepare before you scalping trade.

scalping is a very common indicators in trading and very useful, but on this situation it requires more efforts before you can apply it. wherein you need to take time and make hard TA first in order to locate the real candle to begin scalping as well. especially if you are in a coin that so volatile because it's not easy to trust .. For me nowadays it will work but just for a quick profits. And i suggest to don't rely in it despite of the situation because most of the growth rate nowadays showing false sign when you're using indicators..

Scalping is the shortest interval of holding a trade which most times takes about 5 to 20 minutes after being executed. Scalping is a very interesting way of trading especially when you just decided to get small small profits from a trades anytime the market is not stable or ranging.

Although I was once a scalper getting little profits from trades. Being a good scalper require a good understanding of how the market movement works. One thing most people does not understand about scalping is that the risk to reward ratio is sometimes not recommendable cause the risk involved in scalping is always not calculated or estimated before getting into a trade, and if one is not careful enough, one could lose all the profits that had been accumulated just because of the hidden risks involved in scalping.

Greed is also one of the factors that affected me whenever I scalp because I'm already used to risking little to gain high profits, but in scalping it's not so most time. Risk high to gain little ignorantly always happens to scalpers but good market condition can help to increase the profits made with small loses.

In my personal opinion, although we can get big profits by scalping, yeah it is true that it really spends most of our time, energy, and also thoughts. Likely, I cannot get good quality sleep so far doing scalping. Even going to bed and also waking up, the first thing and the last thing to see is the mobile phone., checking whether the price is up or down. And when being awake only for a few moments when sleeping, the market is always also the first and last thing I am checking. And that is also the unhealthy reason why because I always sleep in the morning and wake up at the day. But of course, ti may be different for each other

Did you make decent money doing this though?  But is scalping still possible nowadays if you have access to many exchanges?

Yes, the first advice for someone wanting to day trade is to reconsider.

To succeed you need to want it a lot, you need to be smart, to learn money management then avoid a lot of pitfalls, find reliable strategies and stick to it without emotion. If you have fun trading, you are not doing it right.

No doubt scalping was one of the good tools in trading, however, this is not good for the newbie or others don't have knowledge about in trading, it is not advisable to apply, in short, its not that easy to do it. Skills is required to this things of course, Even me I most often did to choose spot trading and very seldom to do scalping, due to its not easy to understand that's the truth.

This is one thing people often skip, excellent point made! I mean how much we are earning should not determine whether what we are doing is worth it,
we must also consider how much time we are spending and how much effort we are putting behind it. This is the reason why the rich are getting richer because they are able to find others who will work for them while we are happy with a mediocre salary.

I remember someone once said "Fulfill your dreams or someone will hire you to fulfill their own dreams" and I just realize how accurate it is.

Coming back to scalping, it's good no doubt but you must either use bots or have a team under you who do all the manual work while you can just guide them through it. It's a headache trading all day and earning few dollars after burning your eyes in front of the computer all day. Mind you, I was someone who has done scalping in past and I wasn't even aware of this word and used to call it price-trading until recently.

OP, I'm not a trader so I'm not competing with you for trades--therefore, I wish you luck with whatever strategy you employ.  I had heard of scalping on this forum over the years but never really understood what people were talking about (precisely because I'm not a trader and thus don't pay attention to the details).  Thanks for your very detailed post, I liked reading it.

And this:

You're on the money about that--not only about trading, but almost everything else.  I've seen so many Youtube videos made by males who have to be in their early 20s talking about trading, economics, and various life issues that I can tell they know nothing about because they haven't lived long enough to learn all there is to know about whatever it is they're blabbing on about.  It drives me nuts, because they're the ones usually making bank by churning out such videos.

Good luck in your future trading, OP.

Only two times I tried to operate in Scalping mode and it has been very difficult, because to see the results you have to be a lot of balance to risk it so that when you get good gains, they are too violent movements and the adrenaline reaches the maximum test. Only trade in the medium and long term. With respect to 4 years doing trading and I still do not know very well at least it is sincere op, because for me I consider the trading as a profession, which, I will be a professional when at least handle $ 1m figures, and the truth is that I am very far from that brand, for now I have to continue reading and learning.

It is difficult to say that we can make the same amount in making BTC because the result will vary month by month. After all, the bitcoin price will change every day, giving us a different profit. As long as you can make a profit and always stick to your profit percentage, you still make a profit. The important key is not greed by chasing more profit because that can make you late to profit and lose the chance to sell your bitcoin at a high price.

there are many things that must be considered in scalping, I know we have to create a framework to take a position, after that we wait until the price enters the area, sometimes all day we wait for the price to not pick up too and we have to be disciplined, when the price breaks the framework then we must dare to cut loss. because in fact there is trading that is even more aggressive than scalping, which is usually called a flipper

How much did you make in BTC ? Or what % per year ? What % of month were you in profit ?

4 years is a long journey. If the OP still doesn't understand and has not mastered it, the OP certainly hasn't learned much.
Scalping is indeed a fast trading style that is favored by many traders. Including me, I like scalping techniques because we will benefit from every entry we make. Need to learn technical analysis to be able to read where the price will go, without technical it is certainly not easy to do scalping.
Scalping also requires a lot of capital to get more profits.
Scalping will be very suitable for market conditions that are currently downtrend. Take a bit of an advantage and run away.

I understand your experience for 4 years, but scalping is not only from experience,
what must be observed when scalping is reading the cycle and market situation,
if 4 years of experience still can't read it, of course everything is meaningless.

I agree its all semantics and who you want to believe at the end of the day. For me idc if you are working in a prop firm or from a remote island. What matters to me is what you can pull out from the market on the daily basis. If you can pull out more than 3Rs a day every single day. You are a professional trader in my books but if you are sitting in a prop firm and barely making 1.5Rs - 3Rs, you still aren't there yet. Also never trust the boys working for the banks, they are there to manipulate you out of the game. Keep an eye for my post, i think you will like it As always Good luck and Good trading.

You described a little of my situation, I spend more than 15 hours watching the charts, that's because if I'm not at home in front of the computer then I'm facing the cell if for some reason I'm not at home. It's very stressful because I don't sleep much. but I have nothing to complain about because it's the way I found to earn money and I confess that I like this routine. there are very difficult days because the STOP - LOSS is looking like a horn from being used so much, but there are days that are very good. I use 15 minutes and 1H and 4H and 1D to get a better idea of the price direction, I prefer to trade BTC - USDT and LTC - USDT only

I moved from day traders to holders too by the way, sometimes when missing opportunity to join in a 1 cycle trade activity (buy and sell) which we actually can do that thing is hurt. I mean, at past i have a group to share like what you bought and what price, and me is who keep missing the opportunity because of work and sleep. Sometimes that jealous feel keep happen because why only me who not join the trade (in past there are some coins which get pumped and dumped, and when Poloniex trend to listed a coins it always pumped, etc). But now i only be holders which buy bitcoin and ethereum and then hold it. Maybe earned some from signature campaign and hold it too.

Well a lot of context was lost in google translations. I thought you were placing 5% on each trade. 1.25% is more like it.


Being a "Professional Trader" is more a trait than an occupation. The "Professional Trader" is disciplined, follows strict set of rules. Never over leverages, doesn't relies on retail patterns and is basically the total opposite of the retail trader. This is literally the only difference between the "professional" and the retail trader.


Who told you this? Yes most of them join a trading firm to get hands on extra capital because the larger your account is, the less you can leverage. Ever tried to open a 500K or a mil Pro account on a retail broker? The leverage is nothing like what a Prop firm can offer. These firms provide them with extra liquidity but they are risking what they have. Besides there are literally thousands of "Professional traders" who never set foot in a trading firm cuz they aren't greedy and are satisfied with what they have.


Exactly! as I said above these are the traits and not a position at a fancy firm. What statistics will show you that people who were disciplined about their trading were more successful compared to strategy hoping retail traders.


Well I will let you be the judge of it, Cuz you literally wrote the whole thread about how your friend who was just hodling made similar returns to you.


Doesn't sound smart at all to me, Sounds like retail logic. As I said in my last post, There is nothing random which is happening on the charts which will require "Predisposition". It's all logic and those are able to figure it out, Everything connects for them I'm planning to make a thread of my own on this cuz I have not seen anyone here in the trading discussion board talk about "smart money". Or able to demonstrate they understand how real smart money operates.

Anyways, As I said earlier, I'm not targeting you personally for falling into the retail trap. Retail education is filled with misinformation. I have nothing but good wishes for you. I'm glad you have figured out a strategy which works for you. Not many people are able to survive 4 years in the market. There is a reason why 95% of people lose money in this market and nobody takes the opportunity to investigate it. I wish you nothing but Good luck and Good trading.

Wow, you are taking too much time to trade. if that were to happen to me, my eyes would be very tired and have a headache, thus taking my focus off trading.
Honestly, I also experienced it when I was in the stock market and crypto, but now I have two children so I spend a lot of time playing with them and going on vacations. because time is very precious and cannot be reversed, so I don't want to miss it.

Hold options for a certain period of time are the best in my opinion, each person's profit-taking target is different. and I also sometimes still trade short or swing  to keep sharpening my foresight in seeing market behavior.

See this is the very issue at hand. You are treating the market as some sort of a coin toss. You don't have a sound strategy which makes you think you are betting i.e gambling in the market. No "Professional/Pro" trader treats their trades as gambles. This is the very issue with the retail investing. They don't understand the market and are there only to grab some quick cash from it. There is nothing to "bet" if you truly understand what is really going on.

What any good trader will tell you is that you should never invest more than 3% on any single trade you take. The standard is 1%, 2%-3% if you are aggressive. 5% i.e 1/20 of the deposit just screams inexperience. You said you never used any stop losses which again is a very novice way to go about trading. Even worse when using margin. You have bad trading habits, I'm surprised you didn't end up blowing your account.


Neither did I, but they do teach you the very basics of investing atleast. Like e.g Not risking 5% on every trade. How to use stoplosses effectively. How to prevent 25-30% drawdowns on your account in 1 trade. Basically all the mistakes you are admitting to, you won't have made if you would have taken the free babypips course or anyother matter of fact. Your results could have been much better if you had a trading plan.


I don't quite agree there. If you don't understand how to use the tools in your inventory then you are bound to hurt yourself and unfortunately the market doesn't gives you many chances to recover. It's usually a fatal blow. It's like giving a surgeon license to someone who hasn't studied med their whole life and expect them to get better on their own without any help from actual surgeons.


Again a very retail perception of what "professional trader" means. What I meant by professional traders was people who make a living just for trading themselves. Hedge managers aren't professional traders. I can assure you no hedge fund trades daily. Their positions aren't built on chart patterns. They are in for the fundamentals and not technical analysis.


And what was your winrate on this "pattern strategy", What kind of Rs you were expecting on each setup? What made you go in without a stoploss? Would you like to expand on these?

Please don't take anything I say personally but I'm afraid you don't understand the very definition of scalping. A scalp can last from a few minutes to a day. A "day trade" can last from a couple of hours to a few days. This is what any professional trader will tell you. Your money management wasn't sound. You said you were down 25-30 % on corrections which again shows that you didn't understand what scalping is. In scalping you hunt for small setups, Anywhere from 1.5R to 3R with tight stop losses. You never risk more than 0.5% of your account on any scalp cuz that's the very nature of a scalp.

Did you ever go through any formal course in trading before jumping in? like babypips etc? Cuz any good trading course will teach about risk management and how you cut your losses straight away. You don't hold and hope for a recovery. The Professionals don't trade in that manner. The word "Hope" isn't in a professional trader's dictionary let me assure you that.


And how was your experience in the stock market? What kind of returns were you able to achieve while trading stocks? Cuz from what you have described you aren't a professional trader or were at any point. This is a very novice/retail way of going about trading. If trading was all about Chart patterns and indicator signals then everyone would have become a millionaire by now. Just cuz you can name a head and shoulder pattern or read a divergence on a chart doesn't makes you a trader in any way or form. Speaking/knowing trading lingo isn't either. What makes you a trader is your ability to grow your account at a steady rate without huge drawdowns.

You mentioned how much time you spent on the charts but You never talked about your trade plan. What kind of strategies were in your trade plan? what kind of setups were you aiming for? Spending time in front of a chart without any trade plan is useless. You will not learn anything from it. It's like searching the ocean without knowing what you are looking for.

I do however agree with you on the amount of time which can be wasted if you go in without a plan. You can literally spend thousands of hours on the charts and you won't be able to come up with a single working strategy if you don't understand how this market really works. Unfortunately the reason behind it is not the retail traders but what the retail education has to offer. Retail education will only take you as far as Eliot waves, Wykoff's schematics and other harmonic patterns which leave you scratching your head when they won't work out even tho even a 5 year old will be able to spot them. The reason behind them not working out is not the ideas themselves but rather the "smart money" which knows how to take advantage of the dumb money who will be placing their life savings on the line over a "strategy" which they got off from YouTube.

I don't want to demotivate anyone from trading but please do yourself a favor and plan your trading journey out. Think outside of the box, come up with your own strategy. Backtest your strategy for atleast 6 months and then forwardtest it for 6 months. Don't even think about investing real money till you can prove to yourself that your trading plan works and you can grow your account over a period of 6 months atleast. I'm sorry you had a negative experience in the market but the market has done nothing but wonders for me and I can't be more thankful for what I was blessed with. I wish you Good luck and Good Trading

It's amazing that you are still able to do this kind of thread even though you are scalping and the amount of time and attention warranted to do scalping while at the same time make some good threads in the forum which I don't think is easy to do.

indeed the term scalping we often hear in forex trading, using a small time frame. but I think this can also be used in cryptocurrencies, which in essence scalping is short-term trading, but because of the high volatility, scalping on cryptocurrencies will certainly be faster to end each transaction than forex trading

Wow that is really crazy, I just saw my time logged is only 21 days but I wonder if that is because most of the times I am scrolling through and reading on a device different from the one I actually use to talk (this one a computer).

But I am glad you found the forum useful. I have too and even in ways I did not expect. Not only did I learn about Bitcoin but I learnt to improve my English I would even say:) Good luck to you again and. Buy and hodl and participate in forum for other than trading ok?

i just think (well probably i am wrong) scalping work if :
1. u have bots beside you
2. forex which it low voltality and have many many analist on it , because crypto its totally different from it, no matter TA and FA or whatever for example , some shitcoin will mainnet upgrade, sometimes its doesn't matter, it not always give a chance going high if market condition on bear time.

Thank you so much for clearing this up, I thought that my hope in trading will get rekt early at this moment. Honestly, though, I have scanned some of the reddit post that discusses their trading stories just to get my drive up and alive in studying as much as I can in day trading. Reading them thoroughly will at least give you some pattern on how they started from scratch, losses money up to being a consistently profitable trader. It just feels good that there are still other people that gets into the 5%-10% who are successful in this career.

I hope that i could thank myself in the future for learning on how to trade at the young age. Anyhow, thank you for the inspiration. I would love to join if you have a trading community as a hub for learning!

A very good depiction of the truth. But I really beg to differ a bit. People think scalping is like a game they have to play. They aren't actually in it for money but instead due to the thrill of making money quickly and most importantly due to the uncertainty involved. It's entirely true that 95% of people lose in scalping but there are those 5% people who make huge money. Scalping is a profession and cannot be compared to Investing. It's like a business where you start with a capital, protect it, and try to grow it. The mistakes that every trader do and what even you did in your story are as follows:

1. Trading is Boring: Yes, you might be surprised to read this but real trading which makes you money is boring. It's because it's too automatic. You have a system, you get a trigger on it, You allocate capital as per a set formula and you enter the trade with preset profit and stop loss. That's all! This is how trading is done. But unfortunately, people find it less exciting therefore sit in front of systems for hours averaging their positions or panic selling everything. When your trading becomes boring like this. On a longer horizon, you will always make money.

2. Every person would undergo 3-4 years of graduation to get a job. But ask a trader to learn markets for 3-4 years before starting. He will put up all his money on the 12th day of trading, thinking he is a guru. You have to give a full-time learning effort to the market before you could even start earning.

3. Risk Management & Psychology are much much more important than any system or strategy. Even the best system has 70% accuracy on a good day. It's good Risk management that actually protects your capital and helps it grow.

4. People think there are no losses at all. (This myth is specifically designed by the so-called trade gurus). There are 2-3 good months and 2-3 bad months and this cycle continues. You might even find yourself at breakeven after a year but there would definitely be a time(Might be a bull run or a bear run) that you will earn a lot of money even more than the Investors who claim to have caught the early bus. Trading is a long process of earning money, you can't expect to earn 1000$ every single day of the year. It's not possible in even the best businesses in the world.

5. OverTrading: From what I read in your post, this is the reason for failure in some people. Their Trading > Learning always. Always keep a goal or a plan for yourself. Why are you trading and what is your daily, weekly, monthly goal and please make it realistic like 5-8% weekly. Don't keep targets like I'll double my money in a month or maybe get 10% each day. But make sure you take trades only as per your system and only when it triggers.

To be Honest Ratimov, Investing isn't that easy too, It sounds easy to say that read whitepapers, and invest in projects, but in crypto markets where almost all the whitepapers promise you Gold but later 90% of them end up as packed pieces of shit. In bull Run, when every project is going 10x 20x, these things are easier to be said but when the bull run would eventually get over at least 70% of the coins would be vanished until the next bull run. So both trading and Investing are equally challenging and difficult at the end of the day. But yes Trading is more like a profession because it requires you to invest a lot of time each day, only enter if you are ready to learn for the first 1 year and then here to stay and look at your trading P&L after 2 years of trading. In Investing you can spend just some time each week, splitting the apples into different baskets and trying to find the sweetest one.

but well? haha i know the answer, yeaahh the answer is scalping is a nightmare!,
i have also scalped in the past, and i earned more than $500 in a few days, of course the next day you know the answer right?
haha, yup my $500 is lost because I misanalyzed, and my capital is also -80%

Trading and investment are good and have their own beauty. I know investors earn more profit than traders, in most cases.

Therefore, if you are in crypto market, let's allocate your capital into 2 parts: investment and trading. Depends on how good your trading skills are, how disciplined you are in trading, you can allocate different % for trading.

I don't advise to use more than 20% of your capital for trading. 80% to 90% should be allocated for investment.

Last but not least, if you double your trading capital, take the original capital out, and keep trading with the profit part.

Do you still think that a trading career is still doable? Assuming that you've studied and get your education first and then refining it day by day? Getting education means that you are studying the theoretical concepts, practicing your money in the real market with proper risk and bankroll management and a good mental analysis?

That might sound too optimistic but can we still make a career as a trader?

Charts are not enough. Scalping method is great but if a newbie does not know when to use it, when to stop scalping as well as trading before a massive movements of market, all temporary earned profit will be lost.

Beyond the chart, newbies must look at walls. Walls don't stay permanently but they're signals of possibly big movements in the future. If the market has massive movements, it will move to where the walls are staying.

When a market gradually moves to a point around a massive movements, it is time to stop scalping for newbies. Just to protect profits they have earned.

Sure. Also can develop good and strict disciplines for trading career.

This.
I still have coins in my portfolio that I bought in 2017 because of this and I'm still waiting for them to turn positive at some point. However, these are only very small positions (< 100$) and serve rather to remind myself to keep my hands off high-risk trades.

Trading has become completely uninteresting, especially in some countries in the EU - including mine - because you always have to take the taxes into account (2017 was more wild west like with lots of "anonymous" exchanges which didn't require KYC). For example, in Germany every trade is automatically subject to tax, which may be as high as 50% ...

i am done , i become paranoid for every 1% movement , no matter spot or futures , just hold , that's it. u want to know reason why i am doing scalping ? of course , because i think probably scalping is the best way to find dialy income, but , nah.

I've done scalping too in 2017. Altcoins vs Bitcoin. It was in the easy days bots weren't so common.
But at some point the profitability dropped big time and the time it consumed made it less profitable than my day job.
I decided to slow down and when I looked more carefully from "outside the box" I've seen that it's risky. Big time. I don't agree with:


If the market drops, you may easily end up with bags of unwanted coin. And that's why I said that it was risky. And I stopped. It was one of my good decisions, since I didn't get to lose money on that, only time.

A lot of people have those same thoughts and one of them is me. When I started learning about trading especially when it comes to the futures market, it opened another level into my mind that I could make even more money with the right mindset. I'm not expecting anything out of it but as days go by, it made me craving to trade and I realized that I'm already treating trading manually as Gambling.

I think every person has this tendency to risk some of their money to have potential gains towards the market and it adds to the fuel the "results" shared by other people. Not realizing that there are losses behind those gains.

I believe that being emotionless towards the market and the right strategy for a certain market condition is the best way to win at scalping/trading. I know I'm biased here but having a trading bot like Gunbot is one way. It's not perfect but it sure as hell relieves you the duty to stare at the computer and prevent the figure that you presented. No assurance but it helps to have these trading tools at your disposal.

The effective way to trade is being comfortable and believing in what you do with the right risk management. There are always going to be unexpected results and frustrations but it's a part of trading. You win some, you lose some. That's a reality in life. The moment a trader accepts this, I think it unlocks another level for you.

My personal experience with trading is fruitful now compared to when I started because I learned how to take profits and enjoy the fruits that I made with trading and continuously take profit in a scheduled manner. Creating that schedule has made me appreciate it more.

Bravo for this thread. And I think I would say not just for scalping but for trading in general, or gambling or whichever activity it is that you spend this much time.

I always say. Nothing is worth it when you compare the amount of time you put into these activities, add to that the stress and worry of those hours, and the quality of those hours.

You learn very little. You don't interact and engage.

Buy and hold. Then live life. Learn things, grow as a person. And then come back. Maybe you still lose money but long term, you generally gain more.

This serves as a warning to defi people who stay at their computers all day too!

Finally found a good thread to have an honest conversation with an experienced trader.

I kinda felt a bit of discouragement upon reading your reflection on day trading over the last few years of your work since I just recently started to learn reading charts/T.A 2 weeks earlier. I felt like watching 20+ hours of day trading course and getting an education as much as possible in order to have a clear understanding of theoretical concepts of technical analysis seemed like a waste of time. And the goal of completing the course and applying it to the market with a 1-5 dollar trade for the test of accuracy has been evaporated  

I am a holder myself and I am planning to just trade all the extra amount of only USDT in my pocket hoping to compound or perhaps use them as a tuition fee to experience how day trading works. However, in contrary to your experience between holding and scalping, isn't it you that can miss a handful of small trades which can lead to a much more profitable than holding it long-term? Or maybe I was just inexperienced and has been hardwired from watching a trading course material that is why I came to that conclusion.

Are you still into trading @Ratimov?

I mean, I'd honestly think that those who profit in day trading are actually people who invest huge amounts to profit 1-3% gains. Micro-scalping, as you say it, is just a way that people start to fatten up their wallets but due to the sheer amount of volatility the market has, it also pretty much thins the wallet in all due time. That's why I never tried it again. I tried it for maybe a week? But the sheer amount of times I bloody looked at the market price every minute to check if my investment was actually growing or not, even if it was 0.001% made my passion to try it die out real quickly. Whether it was outside or inside my house, I always had my phone up looking at the market price, quite a painful experience.

It was like a passion that burned out not due to being stuck in an artist block(or something similar) of sorts, but rather due to the enormous stress that the market gave you. Not even your fault tbh, it's just how it works.

Back into the old days were ive been dealing with Forex and i had eventually tried to be a scalper and i did it just for 3 months as i remember and i can say that this isnt something easy to deal with if you arent emotionally prepared.

Time spent is more than on usual things that you do in life specially on normal routines on where you do spend too much in front of your pc or mobile.

Social aspect had been greatly affected because you cant just simply go out and mingle out with people just because you are mindful much on checking out your trades every single time.

Thats pretty much my story too. More than 3.5 years 10h daily in front of charts. I also had technical background before entering crypto market (trading stocks for 2 years) and also 0 knowledge about crypto when i staterd to daytrade it. And I have symilar end thoughts but not so harsh.


I can add into this:
1-Christmas holidays and checking price in the middle of christmas dinner.
2-waiking up in the middle of the night only to turn from side to side and go to sleep on but... suddenly you remembered where you left your position open ... and thats the end of sleep... you have to pick up the phone and check the price


1- Did he sold? Paper gains =/ cash on wallet.
2- Ask him about his holding profit not after 15 months of bull market. Ask him about his holding profit 15 months of bear market when everything will dump 80 - 99.5%. I'm sure it will not be as spectacular.

Good thing about scalping is that its the fastest way to learn how to manage your money, how to open and close position in best possible place, how market works, how volatile it can be, how it react on news. I think that the most successful holder is ex-scalper with 2 years experience. Person that can read chart. Hodler, who never actively traded is good only during never-ending bull runs (BTC in 10 year time frame is during "never-ending bull run"). But nothing grows to the sky. One day crypto market will enter 10-20 years of bear market. Most holders will eventually break selling at the bottom. -90% from ATH. Who has such strong hands to hold an asset for 20 years losing year after year.

Holder in most cases takes unknown risk (my thread from 2018) and I can't imagine crypto newbie that will do reseach good enough to do long term investment choosing few coins out of 10 000:


From my experience - The best way to start is to daytrade for 1-2 years while learning about crypto as much as possible. Actually using it as much as possible - sending coins, using DEXes, using different chains. Trying different strategies. Allocating profits in middle term investments that might turn to be long term if project will continue to deliver promises and continue its dominance over market. In fact never puting on unconditional hodl more than 20% of wallet. More than 1-2 years of scalping is devastating for health (mental and phisical).


I agree. But holding is the most risky strategy. for sure not for newbies.

ㅤ