Topic: No gains, 1 Minute Scalping Strategy (Read 457 times)

One good advise i will give to you is stay off scalping if you are not a fast trader, because i think this term should be for those who are stable at home doing nothing and have stable internet, because my dear scalping has really messed up many traders psychology, but still wont understand or probably dont wanna understand the fact, for me am a day trader and this has really gave me a peaceful mindset when am in the market dealing.

I am used to scalping almost every day. But I don't like doing that to BTC. Because one thing you have to pay attention to when scalping is that you have to use trading pairs that have high volatility. Like coins that are hype and stuff like that. If you want to do it in BTC then you have to do it when there is an economic event where high volatility occurs. Apart from that, I think it is difficult to do in one minute. But I don't recommend this for those who are not used to it and don't have enough experience. Because scalping is much riskier than regular daily trading. I personally scalp more than a minute. The TF used is indeed a one minute TF. But from the entry and exit positions, it certainly takes more than a minute or sometimes less. Usually we can enter and exit within 1 minute if the coin we are investing in is having a big event and is at the peak of hype. Where prices continue to fall and rise very quickly. But if we are too hasty then of course Fee can run out of profits. That's why we only take profit when we have calculated that the profit is still remaining after deducting the fee.

Lower fees might help, but obviously the result for OP could be the same, and it's merely extending the situation before the inescapable fact. - That like 90% of active "day-traders", OP's money could go to the top 10% of winning traders in the market.

Because we're mere plebs, It's obviously better to have a very low time preference investment strategy. It's also better for our sanity.

 

Timeframes I don't think it is very important for trading which timeframes one is using for trading. 15 timeframes are better for me to understand the market, so can you tell me if I should use one hour or longer timeframes?
Timeframes will be easier to understand for those who understand them. There are many who use timeframes of one minute or a little longer and they trade successfully. The profit or loss of training will depend on our trading skills. If we have no idea about trading but if we fuss too much about timeframes then we will never be successful in trading. First we need to know about trading. When we get to know about trading, we will have to trade in those timeframes which will be convenient for us to trade.

We now know that the trading charge at Bybit is that minimal, because 0.04% will not be felt in reality if we perform trading activity with derivatives, correct? However, as far as I am aware, this is not the case in spot trading.

However, thank you for the information. That you provided this is still of great assistance, not only to the OP but also to other members of the community here on the forum site. When I trade, I don't consider the trading cost because I don't notice it when I trade on Binance, Kucoin, Bybit, and other exchanges.

It is not surprising you have not heard about it, as scalping is the field of experts which know their strategy like the back of their hand and can take the correct decision in a split of a second, and it is also the field of newbies which believe they can do the same even if they lack the ability or the experience.

Scalping is simply a form of trading that is too difficult and even the ones that are good at it eventually leave it behind, as the level of attention they need to give to the markets is simply too high and they eventually become swing traders or even long term investors.

Scalping will definitely cause a lot of trouble if you are not good at it, it is not that simple and there are way too many people doing it for something that is called scalping. I mean it is the crumbs of the crumbs and they are trying to make that profit and if too many people do it, think of how you could share crumbs between all that many people, you can't so some will have to fail.

Either you get very good at it with the great tools and quick moves or you should stop it and instead do spot trading instead of scalping, that would be simpler, you could still do intraday trading, or trades that take just a few days but not more than 5 days, but at least that would be bigger pieces and you could make some profit doing those as well.

First of all, I think you are not making profits by trading the way you mentioned for two different reasons. These are that transactions made within a very short time period don't cover the commission payments and that a price movement with profit potential doesn't occur due to the very short time period being preferred.

I would like to point out that the time period you used is very short. Based on this situation the percentage of each price movement you get in every transaction is very low and this actually prevents you from making a profit because it is less than the commission paid in buying and selling transactions. Again, due to the small time frame used you can never evaluate potential price movements and you buy and sell at prices that have barely changed. This similarly causes you to not make any profit from the transaction and to not make any profit due to the higher commissions paid than your profit.

My personal opinion would be to change the time frame you use to trade to at least 15 minutes or more. In this way you can evaluate potential price movements more easily and make real profits by not buying or selling within a very narrow price band. Also, I would like to remind you that this advice is only for daily buy-sell transactions and in general a minimum of 4-hour chart should be used for percentage profit targets. It would be healthier to analyze using a minimum 4-hour chart especially for buy-sale transactions that will be carried out for a certain percentage target or for a certain period of time.

All you need is to ask yourself, are you truly scalp trading or you're just impulsively trading?

Because in scalping, it is fast phase type of trading. You're most of the time in the lower time frame. And not because you're sitting at your desk or the market is trading doesn't mean you have to trade. Next thing is solidify is your strategy truly working? If so, do you have data to prove it?

Most of the time the answer is no that is why you are hesitant if you're going to hop from scalp strategy to another. Remember this, in trading regardless of the timeframe you are using, you still need to be patient for the best opportunity.

Trading fees quickly kill your profits, so how much capital do you use for trading?
Fast trading or scalping is not as easy as you think, besides requiring an understanding of trading analysis and the use of good tools and indicators, you also have to use large capital so that profits are kept safe from the costs used.

Trading fast, then buy and sell orders are done quickly and often.
If you only use a capital of $100 or below it will not mean anything, it will only make a little profit even as you said, the fees kill your profits.

I'm not even familiar with one minute trading. except for binary trading which is usually used for fast trading. I am used to using a time frame of 4 hours or even a day. I understand it's slow. but it doesn't cost much compared to the benefits we get. of course this is because the profits are greater if trading for a longer time.

That's the case, unless you bring in more capital. like you brought $100 or more. but I really don't recommend doing prepetual trading in very short timeframes. make it one or an hour because it definitely does not bring you in huge transaction costs even if you profit after the trade.

Fees are not the reason why you feel or don't earn totally; it's your strategy. The 1 minute strategy in trading is also a way to earn, but it's too risky. Even if you have indicators, as we know in trading, there is no 100% accuracy, so you will consider margins or the range of when you will enter your trade, so there will be a downtrade. What if after one minute the price spikes more, or between one minute and one minute the price goes the opposite? So it's not advisable, so do 1 minute scalping if you don't have high-accuracy indicators, or if you do technical analysis or any other way to map your trades, then make sure you will earn from it. You've mentioned that you are new to trading, so I suggest you study more about trading. It is a long process for you to become an expert in that field, and you will need to invest in knowledge first if you don't want to end up losing all your capital. I've experienced that, and I'd say gaining more knowledge and techniques will be worth it. 

The truth is that if you trade short-term, your timeframe is only one minute. Why do you work as a scalper? Is it a lot of experience in a short period of time? In such a case, it appears that we will rarely make a profit.

You can never be certain of making a profit while trading in such a short duration. It appears impossible, especially in today's market, where the movement on the chart graph for each exchange is not extremely aggressive. So, why are you making the costs an issue?

The problem I think is in the percentage of profit you take. You must also take enough profit to cover your trading fees. For example, if the trading fee is around 0.2 dollars. So you have to start taking profits when the profit reaches more than 0.5 dollars. And you will get a little profit from your scalping activity. I've also done scalping and sometimes it works. But unfortunately I had to stop it because I was too busy working and didn't have time to keep looking at market charts for a long period of time. And scalping usually requires us to monitor the market continuously. Because we can miss the moment if we are careless. And it can even make us experience losses. Because Scalping is a type of trading that has the highest level of risk.

You have answered your own question, the shorter the time frame that you use to try to trade the markets the greater the effect the fees are going to have, as they will be a higher percentage of your profits.

I would also like to mention that in my opinion you are simply not ready to trade in such an intensive way as you have admitted that you are a newbie, and when it comes to scalping the most important factor that determines if you will make profits or not is your execution, since a single second can be the difference between making profits or not, and I doubt a newbie has the ability to perform perfectly under such difficult circumstances.

Short term trading will not allow you to make a good profits from your investment, because many traders has tried it in the past but they only achieved a little profits that made them to switch to long term trading which is the best for traders to use to experience positive results at the end of their trading. Since you are a newbies in this aspect, I will advise you to trade when the price is high in the market, if you truly want to maximize your profits from your trading, and you want to be happy when you trade in the market just apply long holding. Don't allow fees of any coins to distract you in this bearish season because it will be difficult for you to loss your capital in that particular coins in the market.

What were you thinking in the first place for using 1 minute time frame to trade? For a reminder, a candle time frame determine the amount of profit you are going to make, using 1 minute time frame to trade BTC/USD is as good as wasting your time because you will never make anything from it unlesss there is a pump that happen and for you to make anything for that 1 minute, you should have BTC bought before the pump and you must sell under that 1 minute before it close. It is not good to trade under 1 minute except you are learning trading, start from 60 minutes upward as a daily trader.

When there is high volatility in altcoins, you can play around the ones that is mostly traded with volume but just as said, they are highly volatile, you can make something from the 1 minute candle and you can lose something in the process, they are fun to play with and not to be traded for any financial profit else your hands will burn before your eyes.

I do not have the courage to trade using 1 minute scalping because the movement would be too fast and I would not be able to follow it, especially in this situation. I suggest you look at different time frames, for example, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour. You will find which time frame is suitable for you.

I usually use a time frame between 10 and 30 minutes for trades that are not too tight so I still analyze more. I will only use a 1 minute time frame if the movement is good and there is upward movement or in the other name, the market is in bull run so the opportunity to make a profit is greater but that is rare for me doing that.

You also have to pay attention to your profits and trading costs. If the costs are greater than the profits, you are still at a loss and should wait until the position price exceeds your purchase price so you can make a greater profit than the trading costs.

Do some experiments with different time frames and different trading volumes. You need to collect data from those trades and make an average for each time frame for the best scalping method. This is why people say never get hooked on one strategy. Have multiple in your arsenal so that you can use them to bring out the best of every trade based on the situation or market condition.
Recently the market is not in its best condition. There is less volatility to get profits out of any scalping. It's been moving sidewards and this is the worst pattern for any trader. Because the market could move in any direction at any point. If you want the best outcome, consider giving it a rest before the market becomes normal again, or good for scalping again.