1-5 min scalping on binance is it worth it - page 2.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Quote from: GelatikKembar on August 11, 2022, 03:10:45 AM

if you trade in the spot market for scalping on Binance I don't think it's worth it, especially with a small capital,
because scalping on the spot market must have a minimum capital of $ 1000 to be able to have a lot of profit,
but if you have capital below $ 1000, I recommend trading at futures trading

You are right, in fact I have seen that many friends who really like scalping do it with very little balance and it does not go well for them, and they tell me that they always win their trades, but somehow their balance does not increase, I The truth is that I did not know very well about scalping, but when I investigated and saw everything how it works, especially in Binance, I realized what you say, a true scalper has to trade with a lot of money in order to see profitability, otherwise you will have to work very hard to start seeing profits, and technically I don't recommend it because it is very difficult for all scalping to be won.

GelatikKembar

full member

Activity: 854

Merit: 100

The OGz Club

if you trade in the spot market for scalping on Binance I don't think it's worth it, especially with a small capital,
because scalping on the spot market must have a minimum capital of $ 1000 to be able to have a lot of profit,
but if you have capital below $ 1000, I recommend trading at futures trading

Tellek Garing

full member

Activity: 854

Merit: 130

Quote from: lepbagong on August 09, 2022, 09:42:41 AM

Quote from: Tellek Garing on August 02, 2022, 02:58:29 AM

Quote from: forestx on July 08, 2022, 04:03:46 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

The best way to find out if it will work on Binance is to practice it. From there you will know the limitations and strength of this strategy and if it will be profitable on Binance. If you share the strategy with us some of us that have been trading will also test it and advise accordingly.

theoretically it looks good but I really agree with my friend that it is better to practice it directly, because it will be seen whether it can work properly or not, if there is an error it would be better to correct it by not repeating it again in the future.
provide a clear strategy to many people because of success, it is very educational for many people but it is clear that everything will be implemented directly first whether it will match what we are going to do. because it may not be in accordance with what others have done, it will be the same as the recipient.

OKay, Hope to hear from you after you must have practice very well and we can all learn from your experience. Why we have people loosing in a new strategy is because they have not created good time to study and practice the strategy before risky they hard earned money. Practice, practice is the only way to become proficient and skillful in trading.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: forestx on July 08, 2022, 04:03:46 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

I just want to ask you, where do you want to perform scalping? I know you chose binance exchange but does that mean spot trading or Future Trading? So do you have experience in scalping trading? Apart from that, maybe it's better to do that in spot trading in my opinion and advice to you, due to it is quite safe according to my experience.

Quote from: lepbagong on August 09, 2022, 09:42:41 AM

theoretically it looks good but I really agree with my friend that it is better to practice it directly, because it will be seen whether it can work properly or not, if there is an error it would be better to correct it by not repeating it again in the future.
provide a clear strategy to many people because of success, it is very educational for many people but it is clear that everything will be implemented directly first whether it will match what we are going to do. because it may not be in accordance with what others have done, it will be the same as the recipient.

In other words, as we train ourselves to perform scalping, we are gradually sharpened by this thing. Apparently, practice makes perfect. This is what you want to convey dude, right? And the more we learn from the mistakes is the more we gain in the future. Just be patience and never stop doing until we do it perfectly in the end.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: taufik123 on August 09, 2022, 12:47:27 PM

Quote from: Franctoshi on August 09, 2022, 12:09:30 PM

Quote from: forestx on July 08, 2022, 04:03:46 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

Trading is risky using 1-5 mins is not advisible because is noisy and you definitely gonna find it a bit difficult to profit , Except if you're a professional trader and knows how to navigate the volatile market and come out profitably, but if you're still learning and trying to understand the market and want to scalp the market I suggest you do something not below 5-15mins time frame in order to get a clearer picture of what is going on in the market. However do what you know is good and works for you.

of course all adapted to the ability and understanding of each. when someone is able to trade the scalping method on a 1-5 minute time frame, then it is their choice and the risk they will bear. scalping requires good chart analysis so that it knows where to buy and when to sell and it is done quickly and repeatedly. The more capital used, the greater the profit, and vice versa.

I myself am currently still playing in the 5-15 minute time area and even choose to trade casually on the 1H time frame. You just have to adjust it, whether you want it fast, medium or long, everything can be profitable as long as you know when to enter and when to leave.

Yes, we do have our own level of skills and knowledge on dealing up with the market.Some could handle out those small or fast time frames and some doesnt and thats why they do stick out on higher TF's.

So it does vary on someones capability because not all arent on the same level when it comes to this one thats why you should try whether it do works for you or not but one things for sure that if you do

find out yourself to be profitable or sustainable with scalping with those tf's then it does simply means that you are really good at it but honestly scalping is the most hardest type of trading
which not everybody could able to have a good grasps on.

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: Franctoshi on August 09, 2022, 12:09:30 PM

Quote from: forestx on July 08, 2022, 04:03:46 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

Trading is risky using 1-5 mins is not advisible because is noisy and you definitely gonna find it a bit difficult to profit , Except if you're a professional trader and knows how to navigate the volatile market and come out profitably, but if you're still learning and trying to understand the market and want to scalp the market I suggest you do something not below 5-15mins time frame in order to get a clearer picture of what is going on in the market. However do what you know is good and works for you.

of course all adapted to the ability and understanding of each. when someone is able to trade the scalping method on a 1-5 minute time frame, then it is their choice and the risk they will bear. scalping requires good chart analysis so that it knows where to buy and when to sell and it is done quickly and repeatedly. The more capital used, the greater the profit, and vice versa.

I myself am currently still playing in the 5-15 minute time area and even choose to trade casually on the 1H time frame. You just have to adjust it, whether you want it fast, medium or long, everything can be profitable as long as you know when to enter and when to leave.

Franctoshi

hero member

Activity: 966

Merit: 588

Quote from: forestx on July 08, 2022, 04:03:46 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

Trading is risky using 1-5 mins is not advisible because is noisy and you definitely gonna find it a bit difficult to profit , Except if you're a professional trader and knows how to navigate the volatile market and come out profitably, but if you're still learning and trying to understand the market and want to scalp the market I suggest you do something not below 5-15mins time frame in order to get a clearer picture of what is going on in the market. However do what you know is good and works for you.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Tellek Garing on August 02, 2022, 02:58:29 AM

Quote from: forestx on July 08, 2022, 04:03:46 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

The best way to find out if it will work on Binance is to practice it. From there you will know the limitations and strength of this strategy and if it will be profitable on Binance. If you share the strategy with us some of us that have been trading will also test it and advise accordingly.

theoretically it looks good but I really agree with my friend that it is better to practice it directly, because it will be seen whether it can work properly or not, if there is an error it would be better to correct it by not repeating it again in the future.
provide a clear strategy to many people because of success, it is very educational for many people but it is clear that everything will be implemented directly first whether it will match what we are going to do. because it may not be in accordance with what others have done, it will be the same as the recipient.

Tellek Garing

full member

Activity: 854

Merit: 130

Quote from: forestx on July 08, 2022, 04:03:46 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

The best way to find out if it will work on Binance is to practice it. From there you will know the limitations and strength of this strategy and if it will be profitable on Binance. If you share the strategy with us some of us that have been trading will also test it and advise accordingly.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

I have found out a lot about scalping, from how to do it to the best techniques using some indicators, and possible tools that help make profits, however there is something that can stop anyone and/or encourage them and that is, that to do scalping and for some profitability to be seen is that a lot of money is put in and in a short time, until the movement occurs, and that translates into winning and seeing a good profit or losing almost everything, that is the greatest of all risks I see in scalping.

Quote from: so98nn on July 22, 2022, 11:29:28 PM

OP will need to add up coins which are way way volatile as compared to the bitcoin. For 5 min to 10 min chart view you will need enough candles to move up and down to grab the profits. Always remember your entry point accounts for trading fee as well which itself could be 0.2% in making and taking proportion. You will always end up in loss if you do not overcome those fees at the time of exiting the trade. I am sure it’s not as easy as it sounds while typing and reading. When you are performing on actual platform things get really nasty.

It is that this is a risk that everyone takes and that many see as the greatest of adrenaline actions, although for me this scalping thing I think professionals should do it, otherwise, I think that if it is done leaving everything to chance It would be almost irresponsible, which is what most newbies do, these are one of the things they do the most when entering the world of trading.

so98nn

hero member

Activity: 2114

Merit: 603

OP will need to add up coins which are way way volatile as compared to the bitcoin. For 5 min to 10 min chart view you will need enough candles to move up and down to grab the profits. Always remember your entry point accounts for trading fee as well which itself could be 0.2% in making and taking proportion. You will always end up in loss if you do not overcome those fees at the time of exiting the trade. I am sure it’s not as easy as it sounds while typing and reading. When you are performing on actual platform things get really nasty.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

I would really like to do some scalping because that gives me a lot of emotion, but before doing scalping, which I haven't done yet, it doesn't really appeal to me, firstly because to have decent profits you have to risk a lot of money, and the truth is not I have the experience, and I could not risk a lot of money because it is very easy to lose it, in less than 1, 2, 3 seconds we could be multiplying our money or simply burning ourselves in a simple scalping, so I think I am to have a more relaxed trading with more options to react, besides, I don't know what could be a good scalping strategy to help me.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: Fatunad on July 18, 2022, 05:26:48 PM

You could really have those kind of chances and probabilities on making yourself to be that profitable out of those fluctuations even not talking with low caps but rather into those top ranking coins in the market or even on that top 100 which you could actually able to play with the price

Only suitable in trendy markets, but not sideways market. Remember the period where BTC price appeared almost "stable"? that was the worst time to trade using certain stategies but thre were other low cap alts that could make 10% gains or losses daily.

Quote from: Fatunad on July 18, 2022, 05:26:48 PM

Not all would really be that good on doing this thats why they are sticking with higher timeframes on seeing those 1h or weekly candles rather than playing with 1-5 minute candles.

it depends on one's trading strategy. Higher timeframes are not good for future trading, especially when one is using high leverage. Maybe spot trading.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: Bitcoin_Arena on July 18, 2022, 05:12:26 PM

Quote from: rozak on July 18, 2022, 06:27:49 AM

In place, it is difficult to get high market fluctuations in a short time. and must also have a high trading volume. we can only apply it on the spot. a possible situation I think is only on assets that have just been launched on the exchange. very likely to happen but in a very short time. And of course with a big enough risk.

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.

You could really have those kind of chances and probabilities on making yourself to be that profitable out of those fluctuations even not talking with low caps but rather into those top ranking coins in the market or even on that top 100 which you could actually able to play with the price.Its up into your analysis and skills on which your profitability could be seen and its really worth if you do able to make yourself sustain.
Not all would really be that good on doing this thats why they are sticking with higher timeframes on seeing those 1h or weekly candles rather than playing with 1-5 minute candles.
Its up to someones preference when it comes to this.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

Quote from: rozak on July 18, 2022, 06:27:49 AM

In place, it is difficult to get high market fluctuations in a short time. and must also have a high trading volume. we can only apply it on the spot. a possible situation I think is only on assets that have just been launched on the exchange. very likely to happen but in a very short time. And of course with a big enough risk.

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.

rozak

sr. member

Activity: 1960

Merit: 273

★Bitvest.io★ Play Plinko or Invest!

Quote from: Oshosondy on July 18, 2022, 02:20:29 AM

Quote from: yhiaali3 on July 13, 2022, 04:19:45 PM

Scalping is very profitable, but there is a risk, especially when you are in futures contracts and the use of leverage. Frankly, I did not try scalping in future, but I tried it in spot trading.

Using spot trading for scalping may be very difficult, it means you have to wait until you will only buy, you can not open a short position with spot trading. Future trading makes scalping more better, you will be able to go long and short in a way bitcoin or the coin taken can move in up or down direction and make money if the position taken is favoured, but in spot, you will first have to let the market to fall and you can only buy.

In future trading, it is riskier because people prefer to use leverage, but you can just go 1x which is also not risky like using 2x and above.

This strategy is indeed the most appropriate for those who are involved in futures trading. it makes short trades profitable. in place, it is difficult to get high market fluctuations in a short time. and must also have a high trading volume. we can only apply it on the spot. a possible situation I think is only on assets that have just been launched on the exchange. very likely to happen but in a very short time. And of course with a big enough risk.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: Silberman on July 13, 2022, 03:28:09 PM

Quote from: niceli on July 12, 2022, 07:42:45 AM

I don't know if it is worth it, but I know that it is going to be something quite rare to get, and that is why I really doubt that you would have a success doing it if you are a newbie. Try being a very good trader first, with demo accounts and studying online from courses and youtube videos etc. If you are doing all of that then you are going to get a good result, or at least a better result than what you would get otherwise. Does that make sense to you? I do not know if it does, but it is certainly a method where you start not from zero, and not starting from zero means that you will get a better result one way or another.

Traders need to understand that the shorter the time frame they use for their charts the more difficult it is to obtain profits, anyone that is interested in becoming a trader should probably start with a slow chart like the one day chart and trade the markets for months until they can see if they are profitable or not, if they are profitable then they can move to the 4 hour chart, one hour chart, 15 minutes chart and so on until they get to their desired time frame, but jumping directly to the 5 minutes or one minute chart is a jump that it is too difficult for most newbies to pull off.

You have a very good point on this, because some newbie traders may think that it is this easy.
They need to have a very good understanding of the specific market they want to trade with.
The 1-5 min scalping period is very short and one should really be very fast in terms of their decision aspect.
And that entails a comprehensive knowledge of what's going on with the market and have a wide understanding of it.
The profitability depends on the trader's skills on how he strategize his scalping activities.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: yhiaali3 on July 13, 2022, 04:19:45 PM

Scalping is very profitable, but there is a risk, especially when you are in futures contracts and the use of leverage. Frankly, I did not try scalping in future, but I tried it in spot trading.

Using spot trading for scalping may be very difficult, it means you have to wait until you will only buy, you can not open a short position with spot trading. Future trading makes scalping more better, you will be able to go long and short in a way bitcoin or the coin taken can move in up or down direction and make money if the position taken is favoured, but in spot, you will first have to let the market to fall and you can only buy.

In future trading, it is riskier because people prefer to use leverage, but you can just go 1x which is also not risky like using 2x and above.

yhiaali3

legendary

Activity: 1848

Merit: 1982

Fully Regulated Crypto Casino

Scalping is very profitable, but there is a risk, especially when you are in futures contracts and the use of leverage. Frankly, I did not try scalping in future, but I tried it in spot trading. You have to constantly monitor and be flexible and fast in order to achieve good results. You must reap your profits quickly and do not covet so as not to You lose what you earn. In order to achieve the greatest benefit, you should choose the pairs that have the largest volume and large fluctuations. I advise you to try small amounts at first, and then when you gain more experience, you can increase the capital.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: niceli on July 12, 2022, 07:42:45 AM

I don't know if it is worth it, but I know that it is going to be something quite rare to get, and that is why I really doubt that you would have a success doing it if you are a newbie. Try being a very good trader first, with demo accounts and studying online from courses and youtube videos etc. If you are doing all of that then you are going to get a good result, or at least a better result than what you would get otherwise. Does that make sense to you? I do not know if it does, but it is certainly a method where you start not from zero, and not starting from zero means that you will get a better result one way or another.

Traders need to understand that the shorter the time frame they use for their charts the more difficult it is to obtain profits, anyone that is interested in becoming a trader should probably start with a slow chart like the one day chart and trade the markets for months until they can see if they are profitable or not, if they are profitable then they can move to the 4 hour chart, one hour chart, 15 minutes chart and so on until they get to their desired time frame, but jumping directly to the 5 minutes or one minute chart is a jump that it is too difficult for most newbies to pull off.

Topic: 1-5 min scalping on binance is it worth it - page 2. (Read 876 times)