Topic: Scalpers and day traders - Never lie, be realistic. (Read 545 times)
It truly relies upon the circumstance and time, there are times that I don't bring in cash from both scalping and day exchanging and there are times that I create great gain from both, yet assuming you are asking overall. Yet, I have additionally had a go at scalping exchanging and around then, the speed of the coins to move was great to such an extent that I had the option to get a good benefit in a couple of exchanges.
And this is the type of trading majority of crypto people try,,, and fail eventually, sooner or later.
This is a simple fact of biology and psychology that traders do not understand when you do something that requires you to be glued to a single task the entire day, day after day, with brain just watching.
No one on this planet can sustain that activity at high efficiency for a long time. Mistakes become more common and impatience leads to more risks, etc.
If you are scalping manually, give it up, I would say.
This is a good point, humans are really good at finding imaginative solutions to their problems, however when it comes to monitoring we are really inefficient, and watching the markets and taking decisions based on the movements of the charts fall into this category.This is a simple fact of biology and psychology that traders do not understand when you do something that requires you to be glued to a single task the entire day, day after day, with brain just watching.
No one on this planet can sustain that activity at high efficiency for a long time. Mistakes become more common and impatience leads to more risks, etc.
If you are scalping manually, give it up, I would say.
So there are only three paths that we have available, to increase our monitoring ability, to create a bot to do this on our place or to decrease the importance of monitoring the markets constantly by trading a slower time frame, none of those options are easy but trading the makets in general have never been easy at all.
Yup,,, and it is not our fault, it is simply biology as I said. Chemicals and impulses and weariness all add up, we are not able to monitor efficiently, and with time it becomes worse and worse. So any activity that needs you to do it continuously for hours is always going to give worsening returns, not to mention repeating this daily for months!
Bots is the only way but that is always imperfect unless you are a pro at setting precise and welldefined paramaters
Bitcoin trading is not for everyone I guess I would say!
Scalp trading requires that the trader stays glued to the market and making hundreds of trades by the end of the day.
And this is the type of trading majority of crypto people try,,, and fail eventually, sooner or later.
This is a simple fact of biology and psychology that traders do not understand when you do something that requires you to be glued to a single task the entire day, day after day, with brain just watching.
No one on this planet can sustain that activity at high efficiency for a long time. Mistakes become more common and impatience leads to more risks, etc.
If you are scalping manually, give it up, I would say.
So there are only three paths that we have available, to increase our monitoring ability, to create a bot to do this on our place or to decrease the importance of monitoring the markets constantly by trading a slower time frame, none of those options are easy but trading the makets in general have never been easy at all.
Scalp trading requires that the trader stays glued to the market and making hundreds of trades by the end of the day.
And this is the type of trading majority of crypto people try,,, and fail eventually, sooner or later.
This is a simple fact of biology and psychology that traders do not understand when you do something that requires you to be glued to a single task the entire day, day after day, with brain just watching.
No one on this planet can sustain that activity at high efficiency for a long time. Mistakes become more common and impatience leads to more risks, etc.
If you are scalping manually, give it up, I would say.
Swing trading VS Scalping – it all goes down to what you actually believe. People do make profit from scalping, and in case you do know , there are lots of people who like using the scalping strategy for trading.Maybe just because it wasn’t a successful strategy for you doesn’t automatically say that scalping is bad, no, it actually works for some people.
If you’re that type of trader that believes that it is easier to catch small gains than the large ones, then scalping is meant for you. If you make use of this strategy correctly, it would work for you. Scalp trading requires that the trader stays glued to the market and making hundreds of trades by the end of the day.
If you’re that type of trader that believes that it is easier to catch small gains than the large ones, then scalping is meant for you. If you make use of this strategy correctly, it would work for you. Scalp trading requires that the trader stays glued to the market and making hundreds of trades by the end of the day.
To this I will add that execution is key when it comes to any form of short term trading, if you are a positional trader or even a swing trader it makes no difference if you make your trade a few minutes late as you can still get profits even if there is an important delay between what happens in the markets and the implementation of your strategy.
However when it comes to short term trading you need to execute your strategy flawlessly and as fast as you possibly can, because if you do not then the chances you turn a profit drops considerably, something that most newbies cannot do consistently, which explains why they lose so much money when they try to trade this way.
Yeah, both of them are working strategies. Swing trading are for people who don’t have much time to be active in the market, so they are going a bit long term in their trading. But there is no type of strategy where you wouldn’t lose money, there is always the risks of losing money when you’re trading, not minding the type of strategy that you have chosen to make use of.However when it comes to short term trading you need to execute your strategy flawlessly and as fast as you possibly can, because if you do not then the chances you turn a profit drops considerably, something that most newbies cannot do consistently, which explains why they lose so much money when they try to trade this way.
Swing traders can make big profits by the end of the day using this strategy at once, but for a scalp trader, they would have to do several trades successfully to make huge profit before the day is over, since they are taking small gains for each call they make. At the end, both strategies works pretty fine, just go with what suits you best and that’s it.
it favours one with a large account size to wait out the rainy days until it shines again.
Hahaha it is more painful that a large account size will even be wiped out because of waiting out for a losing market. In my experience I have seen it that market can be on tops with little retraction or retracement and continue on tops for months, in such times a large account size may be wiped out depending on the risk size. This can lead to high blood pressure plus a lot of sweat in trading because of being hopeful for waiting out instead of trading the right way, that is using stoploss.
Scalpers do deal with volatility in very active manner on where you should really be that meticulous when it comes to positioning plus having immediate or fast action towards gains and losses.
Most of the time you wont really be setting some stop losses since you do make out actions on fast pace manner which it is a bit off on using it out.
it favours one with a large account size to wait out the rainy days until it shines again.
Hahaha it is more painful that a large account size will even be wiped out because of waiting out for a losing market. In my experience I have seen it that market can be on tops with little retraction or retracement and continue on tops for months, in such times a large account size may be wiped out depending on the risk size. This can lead to high blood pressure plus a lot of sweat in trading because of being hopeful for waiting out instead of trading the right way, that is using stoploss.
Swing trading is more successful for me than day trading since I prefer to take the small profit I have at a certain moment and then wait for another opportunity.
I considered quitting cryptocurrency trading since I constantly lose, regardless of the analysis and method I employ. I also lose patience if I hold a coin or token for an extended period of time. That is why, in order to prevent losing any more money, I am currently taking the small profit I have at a given time.
I considered quitting cryptocurrency trading since I constantly lose, regardless of the analysis and method I employ. I also lose patience if I hold a coin or token for an extended period of time. That is why, in order to prevent losing any more money, I am currently taking the small profit I have at a given time.
Personally, I don't take profits that way, and I don't use scalping or day trading. I prefer the method of looking at the potential coins, then holding them for a certain amount of time and selling them. maybe, very many people benefit from scalping, and day trading, but I feel that the results obtained are not optimal, and the risk is also quite high.
other reasons, it must be done quickly, or within 1 day. Personally, I don't like it that way because it keeps me watching the chart for a period of time until I sell it. So, I prefer to buy coins, then hold them long term before selling them. it allows me to think more optimally than rushing to sell assets, or do day trading. well, I'm not used to it either, so I feel that it's a difficult thing.
Not many traders use scalping or day trading because it requires more skill than buying and holding it for a certain period. I think it will be safer than using scalping and day trading and it can also reduce the tension in trading. This method can be used by many traders, especially those who do not have more skills than other traders.other reasons, it must be done quickly, or within 1 day. Personally, I don't like it that way because it keeps me watching the chart for a period of time until I sell it. So, I prefer to buy coins, then hold them long term before selling them. it allows me to think more optimally than rushing to sell assets, or do day trading. well, I'm not used to it either, so I feel that it's a difficult thing.
I also use this method because it allows me to practice patience in trading and it allows me to learn about market conditions that are still unstable. When we use this method, we need to pay attention to not panic if the price drops because it is only temporary and even that is another opportunity that we can get to buy at a lower price.
For scalping and day trading, you not only need to be very expert in trading but at the same time you need to have a big portfolio. Since you take less percentage reward in scapling, the position size is usually higher in trades taken by the traders. If you are not expert, you will keep hitting the stoploss in scapling and day trading. For beginners it is recommeneded that they start with scalping which has much better results in terms of risk and reward.
However when it comes to short term trading you need to execute your strategy flawlessly and as fast as you possibly can, because if you do not then the chances you turn a profit drops considerably, something that most newbies cannot do consistently, which explains why they lose so much money when they try to trade this way.
I gain from both and also loss on both.
Though losses are few.
Though losses are few.
That is to say, when one merchant is benefitting then on the another end, somebody should lose. Since, the cash you are benefitting from exchanging isn't emerging from the paradise however from another dealers' capital. I can't help thinking about how much is the expenses for that. The public authority can direct the trades, however they can't absolutely control the dealer so as far as I might be concerned, this thing is unimaginable to expect to occur.
I do not think that it has to be that way and I have proved that before. If one person buys something at 5 dollars, sell at 10 dollars they profited, and that person could sell it at 15 and profit, and next one at 20 and profit. Which means that many people just profited, then it could drop back to 10 and one person lost.It means that while 4-5 people could profit one person may lose. That is the proof that sometimes many more people end up profiting then people who lose. If you are a trading, and a scalper at that, then you are going to look for quicker profits and there will be thousands who profit before someone loses against them big time.
Scalping is for impatient people, and to those people who makes decisions that fast and easy. Scalping is easy profit but don't expect too much on it, however, profit is still a profit. Day Trading is the exact opposite of scalping, big profits, even with few trades. Both could be ways for anyone to make profits, the rest will depends on the trader, whether he'll make money on it with his skills or not, simple as that.
The attitude and mentally of "profit is profit" isn't just for scalpers. It's for every trader and as well as investors. These times, it's no longer important whether you earn big or small but to consider that you've made profit, that's the most important thing that a trader can think of.
Scalping or day trading, you do any of them and just look for the perfect fit of your trading style.
We did everything just to make the reach of our goal "a profit". However, with the wrong choice of strategy we use makes it impossible, instead, we just lose. And to earn a profit even it was just a small partition (2-3%) is good enough. We are actually seeking more but sometimes, the time doesn't give favor to us.
On the other hand, we can't identify which strategy is more profitable as it always depend on the trader who make the decision.
And to identify which strategy works for you, you need to test all that you know. Upon doing that, you're going to have an idea on which of them is really going to be an ideal strategy to you and what's effective.
Whether it's just 2% or 5% or more of the profit that you get upon trading, that's where the quote gets in about "profit is profit".
I've done the voting, it seems that a lot of people get money through scalping and day trading,
but for me these two can't be done continuously, because in the spot market it's very different from futures trading,
because have risk losing a lot of money, I myself trade by holding up to 2 weeks even up to 2 months just to wait for the coin to increase,
yes, everyone has a way, and if you are comfortable then do it.
but for me these two can't be done continuously, because in the spot market it's very different from futures trading,
because have risk losing a lot of money, I myself trade by holding up to 2 weeks even up to 2 months just to wait for the coin to increase,
yes, everyone has a way, and if you are comfortable then do it.
Scalping is for impatient people, and to those people who makes decisions that fast and easy. Scalping is easy profit but don't expect too much on it, however, profit is still a profit. Day Trading is the exact opposite of scalping, big profits, even with few trades. Both could be ways for anyone to make profits, the rest will depends on the trader, whether he'll make money on it with his skills or not, simple as that.
If scalping is easy profit then every trader will choose to be a scalper. No trading style is easier to make profit. If a trader feels scalping generates profit more than other style, it is better to adopt it. Scalping has an advantage because you can quickly exit the market when price reverts and direction change. A swinger may not have time to always check what is going on in the market.
[snip]
We did everything just to make the reach of our goal ["a profit"]. However, with the wrong choice of strategy we use makes it impossible, instead, we just lose. And to earn a profit even it was just a small partition (2-3%) is good enough. We are actually seeking more but sometimes, the time doesn't give favor to us.
On the other hand, we can't identify which strategy is more profitable as it always depend on the trader who make the decision.
Well that is it, --a profit and you are right.We did everything just to make the reach of our goal ["a profit"]. However, with the wrong choice of strategy we use makes it impossible, instead, we just lose. And to earn a profit even it was just a small partition (2-3%) is good enough. We are actually seeking more but sometimes, the time doesn't give favor to us.
On the other hand, we can't identify which strategy is more profitable as it always depend on the trader who make the decision.
Both are aiming profit either you are in day trader or you a scalper and if you feel which suits to your skills you go for it there is nothing to choose if this will not you are comfortable with. To be honest, I hate being a day trader because I tried them all I can give my testimony now, you cannot sit whole day long facing your computer for the day trading, that is why I am preferred for being scalper. Less time you spend, a little chance to have a loss, do you agree with me?
Scalping is for impatient people, and to those people who makes decisions that fast and easy. Scalping is easy profit but don't expect too much on it, however, profit is still a profit. Day Trading is the exact opposite of scalping, big profits, even with few trades. Both could be ways for anyone to make profits, the rest will depends on the trader, whether he'll make money on it with his skills or not, simple as that.
The attitude and mentally of "profit is profit" isn't just for scalpers. It's for every trader and as well as investors. These times, it's no longer important whether you earn big or small but to consider that you've made profit, that's the most important thing that a trader can think of.
Scalping or day trading, you do any of them and just look for the perfect fit of your trading style.
We did everything just to make the reach of our goal "a profit". However, with the wrong choice of strategy we use makes it impossible, instead, we just lose. And to earn a profit even it was just a small partition (2-3%) is good enough. We are actually seeking more but sometimes, the time doesn't give favor to us.
On the other hand, we can't identify which strategy is more profitable as it always depend on the trader who make the decision.
Scalping is for impatient people, and to those people who makes decisions that fast and easy. Scalping is easy profit but don't expect too much on it, however, profit is still a profit. Day Trading is the exact opposite of scalping, big profits, even with few trades. Both could be ways for anyone to make profits, the rest will depends on the trader, whether he'll make money on it with his skills or not, simple as that.
The attitude and mentally of "profit is profit" isn't just for scalpers. It's for every trader and as well as investors. These times, it's no longer important whether you earn big or small but to consider that you've made profit, that's the most important thing that a trader can think of.
Scalping or day trading, you do any of them and just look for the perfect fit of your trading style.
For scalping and day trading, you not only need to be very expert in trading but at the same time you need to have a big portfolio. Since you take less percentage reward in scapling, the position size is usually higher in trades taken by the traders. If you are not expert, you will keep hitting the stoploss in scapling and day trading. For beginners it is recommeneded that they start with scalping which has much better results in terms of risk and reward.
Didn't know that scalping was easier than in day trading because the word is rarely being talk about but what I often see in the forum is day trading if not trading and also swing trading is being discussed the most here. Trading is the root of all trades therefore we should start learning here before we proceed on other variations of trades.It requires a big portfolio and to have a big portfolio you will first need a huge capital but most of us are fail to have this requirement, this can be the reason why they didn't do scalping and day trading. Another thing is normal people will under estimate small profits but experts thinks it was the holy grail.
sure the community would actually say the same thing because dealing with moving prices on active manner is really hard and not that something you could able to handle it out.
You are risking your capital on very active manner with those slight movements whether it would result into a profit or loss.So lots of factors would be needing for you to
sustain on this kind of trading.If someone claims it was easy then he's skillful enough.
For scalping and day trading, you not only need to be very expert in trading but at the same time you need to have a big portfolio. Since you take less percentage reward in scapling, the position size is usually higher in trades taken by the traders. If you are not expert, you will keep hitting the stoploss in scapling and day trading. For beginners it is recommeneded that they start with scalping which has much better results in terms of risk and reward.
Didn't know that scalping was easier than in day trading because the word is rarely being talk about but what I often see in the forum is day trading if not trading and also swing trading is being discussed the most here. Trading is the root of all trades therefore we should start learning here before we proceed on other variations of trades.It requires a big portfolio and to have a big portfolio you will first need a huge capital but most of us are fail to have this requirement, this can be the reason why they didn't do scalping and day trading. Another thing is normal people will under estimate small profits but experts thinks it was the holy grail.
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