1-5 min scalping on binance is it worth it

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Quote from: GelatikKembar on August 19, 2022, 11:23:08 AM

Quote from: Peanutswar on August 18, 2022, 07:48:10 PM

I guess OP forgot to update about the statement sending an image of the trade made well by the way this is the reason why people want to make a year in cryptocurrency because of the market volatility but recently due to the market down most of the time is only a small percentage for the price movement else you will make a large margin and leverage to gain profit which is for me not ideal thing

when the market is bearish like this it is very risky for scalping, of course the market will be very volatile,
maybe that's why the OP doesn't give an image about his trade,
many traders have also been liquidated because many chose Long and finally all support broken.

Exactly, the current downward movement that bitcoin is experimenting is probably not too much of a problem for those which are just holding their coins or which are spot trading, but if anyone is using leverage in order to trade then the current movement without a doubt caused them to lose a significant amount of money and maybe they even got a margin call because of it, and the ones that are probably suffering the most because of the current downtrend are those which specialize in trading the market at the shortest time frames like the scalpers.

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Quote from: Peanutswar on August 18, 2022, 07:48:10 PM

I guess OP forgot to update about the statement sending an image of the trade made well by the way this is the reason why people want to make a year in cryptocurrency because of the market volatility but recently due to the market down most of the time is only a small percentage for the price movement else you will make a large margin and leverage to gain profit which is for me not ideal thing

when the market is bearish like this it is very risky for scalping, of course the market will be very volatile,
maybe that's why the OP doesn't give an image about his trade,
many traders have also been liquidated because many chose Long and finally all support broken.

Peanutswar

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I guess OP forgot to update about the statement sending an image of the trade made well by the way this is the reason why people want to make a year in cryptocurrency because of the market volatility but recently due to the market down most of the time is only a small percentage for the price movement else you will make a large margin and leverage to gain profit which is for me not ideal thing

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scalping is a difficult trade and must be done in futures trading, I also do scalping,
but it's been a very long time, because I actually suffered quite a large loss while trading,
I believe 90% of traders lose, and one of the things that make losses is greed

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have an experience about this, there is some youtube guides that I can think would help you there. Of course I have tried that before and sometimes you will lose and also gain something which is pretty normal in crypto trading market. I would prefer to just take the small profit like 1% - 5% if possible also taking fees into consideration before doing trading, I have gained so much knowledge by doing that which is really impressive.

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Quote from: Kelvinid on August 17, 2022, 07:06:29 PM

Well, the best thing for you OP is to try it because even to tell whether we are profiting or not, that for sure it was not satisfying on your end as you never tried it. And besides, we don't have the same results as it depends on the traders...
But based on my experience, scalping isn't a smart choice, especially during this time. I'd see this was profitable during the bull season. Considering that you are just earning a small percentage but you are paying huge fees, well, in the end, you are still losing because of your charges.

There's profit in scalping definitely! Binance is the exchange with the highest volume for many coins and tokens, so I guess any trading strategy will work better on the platform with high volume! But like with other trading strategies, timing is of the essence when it comes to scalping! With good timing, you can expect some profit, with bad timing you can only expect losses!

I can't say there's a special period for scalping, even if we are in the bearish period we have nice fluctuations, some coins are going up and down all the time, and they have a nice range for everything! So with good timing, everything is possible... it's on us to try it and see do we have that sixth sense or not!

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Quote from: Oceat on August 17, 2022, 07:58:19 PM

-snip-
Doing some TA and FA first so that you can time and anticipate the market although it's a hard process but eventually you will get what you deserve because it's all worth it when you put your all in your work. For some, it may take years or so but try it slowly and not too fast so that you could learn in the process.

Processing is very necessary because nothing comes instantly. Studying TA and FA requires persistence and understanding, as well as doing some practice to test how far you have learned. Scalping requires a good reading of the candle chart so that you can determine which positions to buy and sell in. It's difficult and takes time, but once you get used to it and understand everything it will become easy.

This is also not just a matter of TA and FA, but a psychological problem that also needs to be trained so as not to panic and not be too greedy.

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Quote from: gabbie2010 on August 17, 2022, 07:26:37 PM

Quote from: Kelvinid on August 17, 2022, 07:06:29 PM

Well, the best thing for you OP is to try it because even to tell whether we are profiting or not, that for sure it was not satisfying on your end as you never tried it. And besides, we don't have the same results as it depends on the traders...
But based on my experience, scalping isn't a smart choice, especially during this time. I'd see this was profitable during the bull season. Considering that you are just earning a small percentage but you are paying huge fees, well, in the end, you are still losing because of your charges.

The OP had already tried scalping unfortunately the results so far had not been encouraging compared to where the strategy was copied from, tried another method almost same results while seeking advice to use a high leverage to scalp which I belief will not yield positive results because of slight movement of the price of cryptos within 5 minutes and scalping entails sitting glued to Laptop every time, personally I think the OP should opt for a higher timeframe trading strategy and abandon the idea of scalping on a 5 minutes timeframe afterall the end result is to end profits consistently.

It's okay to try it at least OP know it's not working on him but everyone has its own strategy through trading he may not found it yet. And 5 minutes just for scalping is not enough if it's for me because you can't accurately figure the market that way you just have to study every move of the market to anticipate the next price movement.

Doing some TA and FA first so that you can time and anticipate the market although it's a hard process but eventually you will get what you deserve because it's all worth it when you put your all in your work. For some, it may take years or so but try it slowly and not too fast so that you could learn in the process.

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Quote from: Kelvinid on August 17, 2022, 07:06:29 PM

Well, the best thing for you OP is to try it because even to tell whether we are profiting or not, that for sure it was not satisfying on your end as you never tried it. And besides, we don't have the same results as it depends on the traders...
But based on my experience, scalping isn't a smart choice, especially during this time. I'd see this was profitable during the bull season. Considering that you are just earning a small percentage but you are paying huge fees, well, in the end, you are still losing because of your charges.

The OP had already tried scalping unfortunately the results so far had not been encouraging compared to where the strategy was copied from, tried another method almost same results while seeking advice to use a high leverage to scalp which I belief will not yield positive results because of slight movement of the price of cryptos within 5 minutes and scalping entails sitting glued to Laptop every time, personally I think the OP should opt for a higher timeframe trading strategy and abandon the idea of scalping on a 5 minutes timeframe afterall the end result is to end profits consistently.

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Well, the best thing for you OP is to try it because even to tell whether we are profiting or not, that for sure it was not satisfying on your end as you never tried it. And besides, we don't have the same results as it depends on the traders...
But based on my experience, scalping isn't a smart choice, especially during this time. I'd see this was profitable during the bull season. Considering that you are just earning a small percentage but you are paying huge fees, well, in the end, you are still losing because of your charges.

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Quote from: dunfida on August 17, 2022, 04:32:15 PM

Quote from: abel1337 on August 17, 2022, 04:04:07 PM

Quote from: Mr. Magkaisa on August 17, 2022, 03:49:08 AM

Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Do you have idea about in signal or reading the chart in the exchange?
It is because having this skills will give you an easy job to do or implement the scalping way to earn here.
And also reading the chart candlestick will give you a signal of when to buy or sell. In this way
you can able to achieve your target as well in the end. But of course, you need to be cautious at all or
else your asset might get gone in the end.

I think he know how to read and understand the chart. It's easy tell because he is viewing or finding other people insights in trading view which means he can read those charts. A trader should at least know how to read a chart. There are basic patterns that a beginner can easily understand and I don't think a newbie one who can't read and understand a chart would take a risk in scalping. A trader who is doing scalping should be able to spot trends fast depending on the time frame the trader is trading.

This should be the basic because you cant really make out immediate steps and actions if you dont know how to read up charts which it would be that understandable that you would really be needing to know those
things in the first place.Scalping is the hardest type of trade i would say specially on dealing with 1-5 minutes kind of trade where fighting along with price volatility which would really be needing immediate
action and decisions and we know that experience would really be mainly needed on this one.Whether you do find out to be effective and efficient then you are the ones who would know
if this kind or type of trading would really be effective and its up to you.

Not everyone can be successful in scalping, and like you said we really have to master basic things like how to read charts, so it can predict where
the market will move. Experience is also an important factor for success in scalping when trading. In conclusion, scalping is only for traders who
have good analytical skills and can read charts, for people who are new to the crypto world and don't understand how to read charts, they should
avoid scalping when trading. Good emotional control is also needed when scalping, so that we can think calmly when making decisions and not panic
if it turns out to be wrong in predicting market movements. It is not easy to make a profit through scalping, but if we learn a lot and practice trading,
we can generate satisfactory profits from scalping.

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Quote from: abel1337 on August 17, 2022, 04:04:07 PM

Quote from: Mr. Magkaisa on August 17, 2022, 03:49:08 AM

Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Do you have idea about in signal or reading the chart in the exchange?
It is because having this skills will give you an easy job to do or implement the scalping way to earn here.
And also reading the chart candlestick will give you a signal of when to buy or sell. In this way
you can able to achieve your target as well in the end. But of course, you need to be cautious at all or
else your asset might get gone in the end.

I think he know how to read and understand the chart. It's easy tell because he is viewing or finding other people insights in trading view which means he can read those charts. A trader should at least know how to read a chart. There are basic patterns that a beginner can easily understand and I don't think a newbie one who can't read and understand a chart would take a risk in scalping. A trader who is doing scalping should be able to spot trends fast depending on the time frame the trader is trading.

This should be the basic because you cant really make out immediate steps and actions if you dont know how to read up charts which it would be that understandable that you would really be needing to know those
things in the first place.Scalping is the hardest type of trade i would say specially on dealing with 1-5 minutes kind of trade where fighting along with price volatility which would really be needing immediate
action and decisions and we know that experience would really be mainly needed on this one.Whether you do find out to be effective and efficient then you are the ones who would know
if this kind or type of trading would really be effective and its up to you.

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Quote from: Mr. Magkaisa on August 17, 2022, 03:49:08 AM

Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Do you have idea about in signal or reading the chart in the exchange?
It is because having this skills will give you an easy job to do or implement the scalping way to earn here.
And also reading the chart candlestick will give you a signal of when to buy or sell. In this way
you can able to achieve your target as well in the end. But of course, you need to be cautious at all or
else your asset might get gone in the end.

I think he know how to read and understand the chart. It's easy tell because he is viewing or finding other people insights in trading view which means he can read those charts. A trader should at least know how to read a chart. There are basic patterns that a beginner can easily understand and I don't think a newbie one who can't read and understand a chart would take a risk in scalping. A trader who is doing scalping should be able to spot trends fast depending on the time frame the trader is trading.

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Quote from: Hypnosis00 on August 16, 2022, 09:12:51 AM

Quote from: bakasabo on August 16, 2022, 04:41:39 AM

For me, 1-5 scalping looks like a waste of time. If a person want to make trades in such a small time frame, that means he is not experienced or unsure in his decisions. Usually such kind of people dont have big balances and/or impatient. Scalping with small balance is a total waste of time. Person must make tens or hundred of profit trades to feel profit, when a minor mistake can ruin everything. Risk is to high.

I couldn't say it was a waste of time. Some scalpers preferred to use a short time frame as they are comfortable doing this. It is all about strategies because just putting myself into them and I see this is profitable compared to longer time frames, I'd rather use 5 mins instead of waiting 30 mins. That is still a waste of time for me to wait that long and I can't afford to lose any minute without doing anything. And besides, we can't be 24hours in the computer nor doing trading that I leave it to the traders to choose this one or not.

If you cant spend whole behind computer, you can set sell orders or limits. I just dont understand the idea behind trading with such small time frame. How much could price change during 5 minutes ? Ok, I have gone to Binance and looked at Bitcoin. During 5 minutes the price has increased for $50. You pay 0.1% trading fee, but to get those $50 you need to deposit $24k. I believe not many do scalping with $24k worth budget. I believe, usually trading amount is much lower. And I see it following: a person spends whole day doing focused on price changes, nervous and in the end of the day get 5-10$.

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Quote from: forestx on July 08, 2022, 05:03:46 PM

I am looking at scalping Technics on trading view
I found one that had unbelievable results so have been paper trading it on 3commas and it is not working the same at all. I am shocked Grin

I have found another one or two which also have good results but dont know if it is possible to actually trade the strategies.
They consist of a lot of trades with low profit or loss eg 0.2-0.8%
I have added commissions on trading view of 0.05% which I think is Binances fee
I would if successful use leverage with these trades but is it even possible to trade such small fluctuations and be profitable

Do you have idea about in signal or reading the chart in the exchange?
It is because having this skills will give you an easy job to do or implement the scalping way to earn here.
And also reading the chart candlestick will give you a signal of when to buy or sell. In this way
you can able to achieve your target as well in the end. But of course, you need to be cautious at all or
else your asset might get gone in the end.

Silberman

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Quote from: bakasabo on August 16, 2022, 04:41:39 AM

For me, 1-5 scalping looks like a waste of time. If a person want to make trades in such a small time frame, that means he is not experienced or unsure in his decisions. Usually such kind of people dont have big balances and/or impatient. Scalping with small balance is a total waste of time. Person must make tens or hundred of profit trades to feel profit, when a minor mistake can ruin everything. Risk is to high.

P.S. I dont believe that people with huge funds would do 1-5 min scalping. Such people prefer long term investment, over tiny profit.

At least to me the bigger issue is that making profits in such a short time frame seems like something incredibly difficult to do, when you make trades which consider the overall trend of the market you can more or less guess where the market is going and make your trades in that direction, but when it comes to such a short time frame the market is incredibly erratic and there is almost no way to predict the overall trend as it does not exist, so I wonder how many people actually make any profits trading that way?

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Quote from: bakasabo on August 16, 2022, 04:41:39 AM

For me, 1-5 scalping looks like a waste of time. If a person want to make trades in such a small time frame, that means he is not experienced or unsure in his decisions. Usually such kind of people dont have big balances and/or impatient. Scalping with small balance is a total waste of time. Person must make tens or hundred of profit trades to feel profit, when a minor mistake can ruin everything. Risk is to high.

I couldn't say it was a waste of time. Some scalpers preferred to use a short time frame as they are comfortable doing this. It is all about strategies because just putting myself into them and I see this is profitable compared to longer time frames, I'd rather use 5 mins instead of waiting 30 mins. That is still a waste of time for me to wait that long and I can't afford to lose any minute without doing anything. And besides, we can't be 24hours in the computer nor doing trading that I leave it to the traders to choose this one or not.

rozak

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Quote from: Bitcoin_Arena on July 18, 2022, 06:12:26 PM

In crypto getting very huge market fluctuations is so easy especially with the low cap coins. I have traded the 1-minute chart a number of times, and it has happened often. Sometimes, a price can spike or dump by over 5% in a 1-minute candle.

This makes it suitable for both futures and spot traders.

so the momentum must also lie in choosing the right asset. if I get that kind of momentum and can do it, I guess I will prefer to trade futures.

unfortunately, trading is not part of my luck. I see my luck lies in long-term investments. yes already tried more trades. but I feel the long-term investment is part of my fortune.

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Quote from: bakasabo on August 16, 2022, 04:41:39 AM

For me, 1-5 scalping looks like a waste of time. If a person want to make trades in such a small time frame, that means he is not experienced or unsure in his decisions. Usually such kind of people dont have big balances and/or impatient. Scalping with small balance is a total waste of time. Person must make tens or hundred of profit trades to feel profit, when a minor mistake can ruin everything. Risk is to high.

P.S. I dont believe that people with huge funds would do 1-5 min scalping. Such people prefer long term investment, over tiny profit.

There’s a lot of scalpers are doing this, though we cannot blame them because for sure they succeed on this strategy. It’s hard to tell if its worth it or not, because it will always depend on your skills in trading and the result will also depend in the market situation. Personally, I prefer more to trade for long than to do scalpers, I think the fees is just eating up my capital without noticing it.

bakasabo

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For me, 1-5 scalping looks like a waste of time. If a person want to make trades in such a small time frame, that means he is not experienced or unsure in his decisions. Usually such kind of people dont have big balances and/or impatient. Scalping with small balance is a total waste of time. Person must make tens or hundred of profit trades to feel profit, when a minor mistake can ruin everything. Risk is to high.

P.S. I dont believe that people with huge funds would do 1-5 min scalping. Such people prefer long term investment, over tiny profit.

Topic: 1-5 min scalping on binance is it worth it (Read 683 times)