No gains, 1 Minute Scalping Strategy - page 3.

Patrol69

sr. member

Activity: 686

Merit: 286

Quote from: Michael0410 on September 22, 2023, 04:25:31 AM

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

How much profit you can make in trading or how much success you can achieve in trading will depend on your trading skills. Scalping is only an indicator, it is not important at all, scalping is used as per the understanding. There are many who use 15-minute scalping and there are many who use one-hour scalping, that is, they use it in a way that is easy to understand. If you are comfortable with understanding 15 minute scalping then you don't need to use hourly or other time scalping. You must be patient by investing at the right time, if you sell an investment shortly after taking it but you cannot profit from it you must be patient and wait for good time. If you can be patient and wait for a good time then surely you will succeed.

Michael0410

newbie

Activity: 6

Merit: 0

Quote from: Oshosondy on September 22, 2023, 04:41:13 AM

You ask similar question just nit long ago: https://bitcointalksearch.org/topic/m.62884510

Read what I posted there.

If it is derivative market, the fee on Bybit for makers is 0.02%, but for takers it is 0.06% which can be too much for you.

On OKX: Marker fee is 0.02%. Taker fee is 0.05%

On Binance which I have advised you to use, it has lower fee, especially the taker fee of 0.04% or lower.

If you want to gain more, set taje profit so that (using limit order if available) so that only maker fee would be deducted from you after you make the profit amount you want to make.

Thanks for your reply!

Double checking things:

You suggested to place a "limit" order instead of a "market" order, etc. + set the "Take Profit-Trigger by ROI (%)" (ByBit)? This way it will only take a maker fee?

Till know I placed "market" orders and being charged fees twice: once for the order placed and another time for a closing order.

Thanks!
Mike

palle11

sr. member

Activity: 2366

Merit: 332

I don't think that fees should be your problem or that it is your problem. Scalping is not also your problem if it is working for you and you are making the little profit you are making. How are you sure to keep winning if you extent the duration time for your trade ? Consistency is important in trade and to keep to what works is surely a good way to trade. Coaches don't usually change their winning team in a match, that is a lesson. So you don't have to be greedy, don't allow greed have a better part of you. Keep winning.

Oshosondy

legendary

Activity: 1652

Merit: 1208

Gamble responsibly

You ask similar question just nit long ago: https://bitcointalksearch.org/topic/m.62884510

Read what I posted there.

If it is derivative market, the fee on Bybit for makers is 0.02%, but for takers it is 0.06% which can be too much for you.

On OKX: Marker fee is 0.02%. Taker fee is 0.05%

On Binance which I have advised you to use, it has lower fee, especially the taker fee of 0.04% or lower.

If you want to gain more, set taje profit so that (using limit order if available) so that only maker fee would be deducted from you after you make the profit amount you want to make.

Michael0410

newbie

Activity: 6

Merit: 0

Hi everyone,

I am a newbie.

I started trading BTCUSDT P. and testing a 1 minute scalping strategy (including several indicators) at the moment.

So far... I don't manage to gain any profits from the trades that I did place lately. I do manage to win trades, but the issue is that the fees killing my profits!

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike

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