Can I start scalping with a 500$? - page 6.

nur rochid

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Quote from: nydiacaskey01 on May 29, 2019, 07:47:24 PM

Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

$500 is enough to start if you plan to use scalping strategy, but, be very careful in selecting where you plan to put that $500. Don't just place that $500 in 1 coin or token, spread it in 3 - 5 coins or token as possible and don't buy those that are good for long term. Use tools like Bollinger Bands, RSI and Parabolic SAR before making your decision. Learn to use those tools properly.

basically the indicator gives us direction of price movements, with that indicator we can find out the possibility of further price movements. but making it safer don't invest your funds in just one coin

nydiacaskey01

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Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

$500 is enough to start if you plan to use scalping strategy, but, be very careful in selecting where you plan to put that $500. Don't just place that $500 in 1 coin or token, spread it in 3 - 5 coins or token as possible and don't buy those that are good for long term. Use tools like Bollinger Bands, RSI and Parabolic SAR before making your decision. Learn to use those tools properly.

leowonderful

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Focusing more on potential profits rather than potential risk makes a lot of people greedy while trading and might cause you to disregard the risk in a trade altogether, which can be extremely risky. Ideally you should be trading similarly to how you would trade with a bigger starting bankroll so you don't develop bad habits if and when you start trading with more money that you currently have.

That being said, it's entirely possible to scalp with a balance of $500 or really any amount at all. If you're looking for a platform where you can leverage your scalps, Bitmex or Deribit both work pretty well. Some people don't like Bitmex for the overloads the site occasionally has, but I'm personally fine with it and I like Bitmex's overlay better than Deribit's.

Hypnosis00

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Quote from: EagleTrade on May 29, 2019, 03:15:41 PM

Quote from: samcrypto on May 29, 2019, 09:21:42 AM

Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

snip~

You’re risking your money, how can you do scalping if you don’t know how to start?
Better to learn more about scalping because short term trading is not that profitable and if its just a small money then trading fees will just take that money slowly. Use the most active exchange and go look for an active coin also.

I already trading weekly and make some profits and also losses , I want to scalp that amount to make small profits daily can large my I account.

If you want more profit in a very short period of time, better to add more in your capital, maybe just another $500.
Yeah, losing and winning will always be a part in trading and it is good to see that you still survive from this losses you have. You're making it right and I may suggest just to focus on a single coin or two for you have to manage it well.

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You can't expect a guaranteed profit with your given timeframe no matter what strategy will you do. Scalping, like with other trading strategies, will rely on how the price will behave plus the fact that every coin has different behaviour. The output of it will depend on how well you executed it.

For the amount you have mentioned, definitely yes. It's enough.

Since you are now currently trading, then why not just test it and see the result for yourselves.

More importantly, don't set a target period where your money should be doubled but instead, focus on winnings at any cost.

EagleTrade

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Quote from: samcrypto on May 29, 2019, 09:21:42 AM

Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

You’re risking your money, how can you do scalping if you don’t know how to start?
Better to learn more about scalping because short term trading is not that profitable and if its just a small money then trading fees will just take that money slowly. Use the most active exchange and go look for an active coin also.

I already trading weekly and make some profits and also losses , I want to scalp that amount to make small profits daily can large my I account.

trickyriky

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Quote from: juperos on May 28, 2019, 11:52:16 PM

Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

To get the highest profit in 2 months, you can invest in LTC now. Because of the upcoming halving event and bull run signs, you will see its price x2 or even x2.3 in the next 2 months. This is a good opportunity for you to buy a large altcoin with great and safe returns.
But you should start learning about trading and learn more about technical analysis. asking others about good deals will never work well. Please understand it and control your portfolio. Wink

Everything will depend on the market situation. If the bull run continues, even the altcoins that seem to us week can give many investors the best profits. It is possible to double the investments I think.

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Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

I have started this out with 17 bucks to begin with, I know it wasn't ideal and it was different times but now I had received and spent over 30 bitcoins in my life time. Most of them were from working and not trading but I had the chance to make a lot via trading and a lot of airdrops plus good ICO investments and all that as well.

The point I am trying to make is that you can have zero and still start somewhere, put in your own effort if your money is not enough, if your money is 500 bucks then find something that you think will go up a lot and invest into that, divide your money and put it on multiple stuff you believe in and one will go up. If you divide 500 bucks into 5 projects and only one of them makes you x10 return while others go bankrupt you still have 1000 dollars instead of 500 even with just 1 out of 5 successful projects.

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Quote from: EagleTrade on May 29, 2019, 08:17:59 AM

to be honest I'm not a fan of multi coins trading . I pick another coin with BTC and trade it. now I'm trading in BNB.

That's probably smart to stick with one or two coins instead of buying a whole bunch and seeing what happens. Then again, it's mostly luck when you make money in crypto.

What's all this hype surrounding BNB right now? I keep hearing it mentioned and I don't see what's so special about it. I keep owning it randomly since I trade on Binance, but I've never thought of actually accumulating it. Don't know if it's off-topic, but can anyone explain why BNB is worth owning or trading?

And OP, what is "scalping"? I only know the definition of the word when it comes to buying tickets or ripping someone's hair out of their head.

palle11

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My suggestion is that you don't have to invest the whole money in only a coin because that can be risky, it is only btc that I think you can do such with because it is the rise and fall of cryptocurrency.

As for scalping, the strategy is lower time frame you can be targeting.

dmty.0809

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You can buy big potential coins, try to look at trading at binance. There are lots of good coins. Don't try to invest on the website hype. Because it is very high risk. And you can lose your money.

Ailmand

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It would be risky for you to do scalping as a beginner. Why don't you try trading the most basic way so that you won't get confused? $500 would be a good start for you to have enough experience in trading and for you to know the fundamentals of it.

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Hmkay, never mind this guy...

Quote from: Pipdips on May 29, 2019, 10:20:54 AM

Yes you can open an account for trading crypto-currency with $500 or less. For trading though, it takes $5,000 minimum balance to get serious.

You can start with $100,- if you want and get "serious" within a year (depending on your personal circumstances, goals and definition of serious).

Do mind however, that;

Quote from: samcrypto on May 29, 2019, 09:21:42 AM

[...] if its just a small money then trading fees will just take that money slowly. [...]

Most fees are based on a percentage of the trade, but still they "eat" your money. So it is important to minimize fees. Binance is (by far) the cheapest in this sense...

And you can find these;

Quote from: Indamuck on May 29, 2019, 08:58:48 AM

There are some good day trading diary threads right here on this section, just go a few pages back to find them. One guy was able to make consistent 1-2% profits daily but he hasn't been active lately. [...]

right here...

Pipdips

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Yes you can open an account for trading crypto-currency with $500 or less. For trading though, it takes $5,000 minimum balance to get serious.

pakhitheboss

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Quote from: EagleTrade on May 29, 2019, 08:17:59 AM

Quote from: pakhitheboss on May 29, 2019, 01:09:13 AM

This is my personal suggestion, you should DYOR before investing in Cryptocurrency.

I would suggest you to divide $500 into four parts, it should be $100 into 3 and $200 into a single crypto . The top four Cryptocurrency that I would recommend to you is

1. Cardano - $100
2. BNB - $100
3. Litecoin - $100
4. Bitcoin - $200

You can change the amount as per your likes. I am not going to explain to you why I choose these cryptos, if you can check google, you will get your answer. I estimate within 2 to 3 months you should be easily able to make 2x of your investment. Remember as soon as you reach 2x individually or the total balance of $500 (which ever you reach first) cash out.

to be honest I'm not a fan of multi coins trading . I pick another coin with BTC and trade it. now I'm trading in BNB.
whats your opinion in XLM ?

I am not a big Fan of Monero and since your requirement stated that you need to 2x the amount within a period of 2 months, I recommended this option. if you have already invested in BNB most of your requirement will be taken care of.

Still I would recommend you to buy Cardano, read this article to know why?

https://www.investinblockchain.com/cardano-ada-explodes-after-recent-promising-announcements/

This my personal opinion. DYOR before investing in Cryptocurrency

Awesomus Maximus

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Quote from: EagleTrade on May 29, 2019, 08:28:18 AM

I'm already trading now on binance but not scalping way.
my question is this amount can be doing well with scalping ?

What do you mean by scalping? Usually scalping means trading the 15 minute or 5 minute time frame chart. It can be any trading pair. Since you are on binance, you can trade BTC/USDT or a similar pair. But you have to know technical analysis, to tell you when to enter and when to exit. And you do that several times a day. On binance you cannot short, so you are very limited to taking only long positions. You can probably switch to Bitmex where you can go long and short.

jazmuzika217

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Doubling your capital with a short period of time is not easy even earning a 2% profit daily you need to understand first the rules trading buy low sell high then try to learn some basic indicator your trading capital can start doing scalping but dont all in every time you trade on any trading platform this is important to find a reputable and secure trafing site.

CryptoLing

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If you want to double it you don't need to scalping strategy, just search a good high cap coin like LTC and market buy it till it reach 2x from your investment. Holding is simply the best strategy for newcomers.

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Quote from: EagleTrade on May 28, 2019, 10:01:19 PM

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?

You’re risking your money, how can you do scalping if you don’t know how to start?
Better to learn more about scalping because short term trading is not that profitable and if its just a small money then trading fees will just take that money slowly. Use the most active exchange and go look for an active coin also.

Indamuck

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There are some good day trading diary threads right here on this section, just go a few pages back to find them. One guy was able to make consistent 1-2% profits daily but he hasn't been active lately. Also decide if your main goal is to increase your btc amount or the dollar amount.

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