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Topic: Scalpers and day traders - Never lie, be realistic. - page 2. (Read 545 times)

legendary
Activity: 1624
Merit: 1200
Gamble responsibly
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.
If I can suggest swing traders that do not make use of margin to trade to have high amount of money to trade, I can never advice day traders or scalpers to use high amount of money for trading, because the safest trading you can do with little risk is swing trading without margin involved, scalping and day trading are highly risky and it is better for traders to use the amount of money they can afford to lose.
sr. member
Activity: 2436
Merit: 455
I have been into trading from the beginning of 2020 and it is 2 years now, I have been losing right from the start up to now. I have read it before that most traders later become swing traders after many losses, I have becoming to think this is true because I have been losing ever since.

I have seen the market to be volatile for two years now, I have made some analyses to later know that swing trading is better than scalping and day trading, I can be wrong but I am right that most traders will make profit in swing trading than scalping and day traidng because the later are riskier.

This is not about swing trading though but about scalping and day trading, are you making profit from it? Maximum number of votes is 3 for each and everyone.

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.
legendary
Activity: 1554
Merit: 1139
Voted I am making money from both, but I regret it now and I can changed it I should have also checked I am not making money from both. It really depends on the situation and time, there are times that I don't make money from both scalping and day trading and there are times that I make good profit from both, but if you are asking in general like if I am earning more rather than losing I can't answer it since I can't tracked my trades from the start and some of the time I do swing trades and long term holds.
Well @Joeperry, its so much of a sway to the left and right for a more directional question as asked in OP. I think your best way towards answering the questikn would have been to check your net profit if possible to know, if your making a lose or is on profit on both grounds for day trading and scalping. Trading is never one directional and consequently, even as a professional trader, you are bound to encounter some loses.

In my opinion, day trading and swing trading haven't been very favourable to me. You can be be rest assured it has the best potential of enriching someone and also leading to bankruptcy while swing trade is the complete opposite although, it favours one with a large account size to wait out the rainy days until it shines again.
hero member
Activity: 1008
Merit: 520
Leading Crypto Sports Betting & Casino Platform
Voted I am making money from both, but I regret it now and I can changed it I should have also checked I am not making money from both. It really depends on the situation and time, there are times that I don't make money from both scalping and day trading and there are times that I make good profit from both, but if you are asking in general like if I am earning more rather than losing I can't answer it since I can't tracked my trades from the start and some of the time I do swing trades and long term holds.
Your situation is not different from many others here, I have come to realize that trading is not easy at first but if one is patient and calm take time to study the market before making any decisions because if one apply day trading technic to scalper or swing, you may earn of getting the opposite result.  So above all one needs to be patient and use low leverage e.g 1x.
sr. member
Activity: 2030
Merit: 356
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.

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.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Trading is hard, I wouldn't lie to you especially now that bitcoin is doing zigzag movement from the beginning of this year, it's too difficult to guess where it's heading. It's better we wait for the politics and propaganda to end before we make any in trading soon.
What I noticed is that it depends on the type of trading and the mentality. A person that set a goal to achieve certain profit in so time can make losses, a person that set a goal to make profit everyday from scalping and day trading can make losses. It all depends on the type of trading, the right time to enter the market and how patient the trader is. Some traders risk too much, having their position liquidated, what could have been profit if low margin is used. Traders that gain most are the ones that find ways not to lose while not thinking how small the profit is and these type of traders are mostly swing traders, but many trades they do can be day trading because profit can be achieved within just a day, but sometimes it can be weeks.
sr. member
Activity: 2226
Merit: 347
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.
Without a doubt something like this can indeed happen, however taking into account that there are way more losers than winners in all markets then the scenario that you are presenting is rare.

The most common scenario is that single user wins and those profits are built over the losses of many other traders that wanted the same success for themselves, only to give their money away to other market participants, this reality could be discouraging for some but the truth is that if you are one of the few which understands the markets then this means that you can make a living out of trading with relatively ease.
Its a war between buyers and sellers which is the most very basic concept of overall market trading which means that you do need to do well and be wise and some sort of being lucky
when you do engage with trades but this isnt for everybody because scaling and day trade is actively dealing with volatility which simply means you do need the sufficient skills and
knowledge so that you would able to survive and being profitable or sustaining even though its hard but its not impossible if you are really eager on doing so.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
Without a doubt something like this can indeed happen, however taking into account that there are way more losers than winners in all markets then the scenario that you are presenting is rare.

The most common scenario is that single user wins and those profits are built over the losses of many other traders that wanted the same success for themselves, only to give their money away to other market participants, this reality could be discouraging for some but the truth is that if you are one of the few which understands the markets then this means that you can make a living out of trading with relatively ease.
full member
Activity: 1292
Merit: 101
Vave.com
Its always tough to earn from trading though its really a profitable way .However i never try day trading cause i don't wanna take high risk on trading .I think he who learn a lot behind it can earn from it ,without having experience on it you may loose your valuable fund .I have voted for not earning from it .You need to have a huge amount of capital to earn a minimum percentage on every trade you do .If market goes negatively and hit your stop loss you may loose a big amount which you can get from two trade .So that you need to have a good knowledge behind it .I don't wanna scalping cause i can earn from long term strong project which helps me to get a good return .So always think before to do any scalping or day trading cause your fund always on risk then.
member
Activity: 564
Merit: 50
Traders will never tell you the truth. On a forum or social media they are like a hero with cape, that closes each and single trade with a tremendous profit, never had a loss, and had a life better than Jordan Belfort had in "Wolf in Wall Street". But in reality, they drive honda civic and prefer to buy discount goods at at store.

All these scalpers live more stressful life, but dont earn more than average salary in your region. Why? Because not everyone has balls and is satisfied with little.
hero member
Activity: 2926
Merit: 640
Of course, scalping is much more difficult than being a swing trader. If you are a day trader or you are into scalping, it requires more devotion than you would need when it comes to swing trading. Someone who is into scalping would require making quick trades on a daily and has to be always active and devoted to their work that they are doing, because if you’re not really devoted to it, then you’re just going to be losing money all the time.

But, for someone who is into swing trading, it doesn’t really require much of your devotion as you will do when you are into scalping. Swing trading means that you are focusing on profit over a longer period of time.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
The absolute difference between them which is very important is that a trader that is patient, losing with scalping or day trading can turn it ton swing trading and later gain, this has been what I did not realise for long and that affected me and made me lose a lot of money until I went for swing trading. Day trading can make many traders to have the mindset that they will soon close position or that they will soon sell, they may use high leverage because of this unlike swing traders that will prefer to go for 1x because they know the trade can be longer than expected and do not want to borrow with leverage because of this.
Day traders are more of a dedicated type of traders. They commit much time into what they do and people who are not committing that much time are not going to be able to benefit from being a day trader. Maybe that might be the case with the OP, I'm just guessing he didn't really commit that much time into day trading and that is why it is not really working out for him.

Day trading is difficult and I wouldn't really recommend it to everyone because it is hard and not everyone would have that kind of time to study how this day trading works and be able to set up a really good strategy that they can use and as well commit to it. So, it becomes a big deal for most, compared to swing trading.
legendary
Activity: 1624
Merit: 1200
Gamble responsibly
Shorter time frame isn't riskier, it's just that a shorter time frame gives you very less time to make decisions regarding your trade, you get in that adrenaline rush and make hasty decisions that prove to be wrong. In swing trading, you know you are here for a longer time so you tend to let the trade flow freely and reach it's destination. Apart from this, there is absolutely no difference between both of them. But yes only due to this reason you would see a lot of more people have made profits in swing trading than any other smaller time frame trading.
The absolute difference between them which is very important is that a trader that is patient, losing with scalping or day trading can turn it ton swing trading and later gain, this has been what I did not realise for long and that affected me and made me lose a lot of money until I went for swing trading. Day trading can make many traders to have the mindset that they will soon close position or that they will soon sell, they may use high leverage because of this unlike swing traders that will prefer to go for 1x because they know the trade can be longer than expected and do not want to borrow with leverage because of this.
hero member
Activity: 2114
Merit: 619
I have been into trading from the beginning of 2020 and it is 2 years now, I have been losing right from the start up to now. I have read it before that most traders later become swing traders after many losses, I have becoming to think this is true because I have been losing ever since.

I have seen the market to be volatile for two years now, I have made some analyses to later know that swing trading is better than scalping and day trading, I can be wrong but I am right that most traders will make profit in swing trading than scalping and day traidng because the later are riskier.

This is not about swing trading though but about scalping and day trading, are you making profit from it? Maximum number of votes is 3 for each and everyone.
If a trader knows the key to making a profit in any one of the time frames, it's just a matter of some practice before he can become an expert trader in other time frames too. Shorter time frame isn't riskier, it's just that a shorter time frame gives you very less time to make decisions regarding your trade, you get in that adrenaline rush and make hasty decisions that prove to be wrong. In swing trading, you know you are here for a longer time so you tend to let the trade flow freely and reach it's destination. Apart from this, there is absolutely no difference between both of them. But yes only due to this reason you would see a lot of more people have made profits in swing trading than any other smaller time frame trading.
legendary
Activity: 3318
Merit: 1128
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.
sr. member
Activity: 1008
Merit: 250
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.
hero member
Activity: 1106
Merit: 912
Not Your Keys, Not Your Bitcoin
I have been into trading from the beginning of 2020 and it is 2 years now, I have been losing right from the start up to now. I have read it before that most traders later become swing traders after many losses, I have becoming to think this is true because I have been losing ever since.

I have seen the market to be volatile for two years now, I have made some analyses to later know that swing trading is better than scalping and day trading, I can be wrong but I am right that most traders will make profit in swing trading than scalping and day traidng because the later are riskier.

This is not about swing trading though but about scalping and day trading, are you making profit from it? Maximum number of votes is 3 for each and everyone.

Day trading is a full time job, so I will skip that due to nature of my external lifestyle, I hardly sit down all days for now so I scalp the ones on my favorite when I see the opportunity to make some moves.
Trading is hard, I wouldn't lie to you especially now that bitcoin is doing zigzag movement from the beginning of this year, it's too difficult to guess where it's heading. It's better we wait for the politics and propaganda to end before we make any in trading soon.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
I have been into trading from the beginning of 2020 and it is 2 years now, I have been losing right from the start up to now. I have read it before that most traders later become swing traders after many losses, I have becoming to think this is true because I have been losing ever since.

I have seen the market to be volatile for two years now, I have made some analyses to later know that swing trading is better than scalping and day trading, I can be wrong but I am right that most traders will make profit in swing trading than scalping and day traidng because the later are riskier.

This is not about swing trading though but about scalping and day trading, are you making profit from it? Maximum number of votes is 3 for each and everyone.
I do not do scalping or day trading, and you may ask why? And the reason is simple because I realized the same as you from the very beginning, there are a few successful traders which are either scalping or day trading but they are a minority and it is not difficult to see why that is the case.

Those methods of trading require a perfect execution of your system with almost no margin of error for very little profits and huge commissions, so the costs are high but the profits are on the low side, so with this in mind it is easy to see how swing trading is a better option, not only it is easier, more forgiving about any mistake you make, more profitable, less demanding and the commissions you need to pay are lower, so it is not really a surprise that eventually many day traders make the transition and become swing traders.
legendary
Activity: 3052
Merit: 1188
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.

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.
Long term investment is something I have been doing for over seven years now, and that was a weak period, I didn't put in too much, I did about 2 years ago, and we all know how the past 2 years has been.

If I got scared and sold, I would have lost so much money and yet I did not and hold it even between all those falls and thanks to all the increases that happened in between, I am in big profit right now. That is how you make money, otherwise you will end up losing each time the price drops and you get scared and sell your coins. This doesn't mean that you can never sell your coins, just pick it at the right time and long term could benefit you insanely well.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
Scalping and day trading is very risky especially when market volatile. The first time I Started scalping  , I got some benefit, but later I lost a lot because of lack of experience.
Day trading need best strategy and Graph knowledge. Without knowledge newbie will lost much like me.
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