Scalpers and day traders - Never lie, be realistic. - page 3.

Oshosondy

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Quote from: Zilon on March 08, 2022, 06:37:26 AM

Day trading is capital intensive while scalping is based on the level of greed control no matter the capital. Day traders might have a good analysis but most times retracement could trigger stop loss or blow than a trading account with a small capital. While scalping takes advantage of immediate volatility one can make profit both ways it all boils down to discipline

Scalping and day trading are not capital intensive, it depends on the amount you as a trader use to trade but the shorter the time the lower the amount to be used to trade by traders. Assuming you have $1000 for trading, experienced traders can use it to trade and hold like this:

$100 or less for scalping
$100 or less for day trading
$300 for swing trading
$500 or more for holding.

Both day trading and scalping are very risky, very low amount of money should be used it for it. It is not only also about greed control, you can be able to control your greed but enter market or position at the wrong price that will go against your profit making side. Trading should be well learned before starting and using what you can afford to lose are all part of trading strategy.

tygeade

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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.

It seems most people here never prefer short term strategies. Because, I am able to recall that there were lots of discussions here about the dangers of day trading and all other short term trading strategies. Those discussions might have enlightened people like you. I really appreciate your knowledge on choosing the right strategies for a better career with crypto trading.

Quote from: michellee on March 09, 2022, 12:20:03 AM

Not many traders use scalping or day trading because it requires more skill than buying and holding it for a certain period.

Yeah, I agree. When we have an easiest trading method (hodling), why we need to go struggling with scalping or day-trading.

michellee

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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.

jjeeppeerrxx

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The crypto market has changed a lot, it is really hard to predict where the price direction even professional traders "guru's" posting and sharing on other social medias always made mistakes.

I always got stuck in trading because of emotion, less patience, FOMO and most of all being greedy - need more discipline while trading but learning is most important though it's really hard to understand the market situation there are lots of basis to watch out.

For me, trading depends on a person's character we can do scalping, day trade or being swing trader as well as being investor is one of the best if you have enough money to invest and wait for the perfect time for the price to go up. Needs patience!

I earned form scalping for couple of days but because of being greedy at the end of the day my funds stuck again and again, tsk tsk! It's emotional control that always made me this mistakes but still I believed in the project that i've been trading so i don't have a choice now but to hodl the coin for couple of days.

One of the problem also is that if our fund is not an extra funds it will cause a big emotional problem is there's an emergency!

kawetsriyanto

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Quote from: Oshosondy on March 04, 2022, 04:52:29 AM

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.

Note that crypto market is always volatile, mate. Wink

How do you make the analyses to compare the swing trading and scalping/day trading?
So far, I never read any articles that clearly prove swing trading is better than scalping/day trading. If you have some sources that can prove it, please share them with me. Wink

Don't generalize the case based on your experience or based on a few traders only. I'm pretty sure, it will be hard/difficult to know what trading style that most people get profits.

I believe not all traders can fit with swing trading, some prefer using scalping or day trading because it is easier and faster to gain profits. Also, each trading style has its own advantage and disadvantage, so basically there is no better trading style.

goaldigger

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Quote from: Zilon on March 08, 2022, 06:37:26 AM

Day trading is capital intensive while scalping is based on the level of greed control no matter the capital. Day traders might have a good analysis but most times retracement could trigger stop loss or blow than a trading account with a small capital. While scalping takes advantage of immediate volatility one can make profit both ways it all boils down to discipline

Discipline is the key, many day traders are just wasting their money paying for the fees while scalpers are have a better chance to make money since they only become active once the opportunity is there.

I tried day trading before, its stressful and I didn’t succeed since I spend more what I earned during that day. Most probably, you need a lot of more good skills in trading for you to become profitable but again, if you’re trading with small capital, you might not appreciate day trading.

dunfida

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Quote from: Zilon on March 08, 2022, 06:37:26 AM

Day trading is capital intensive while scalping is based on the level of greed control no matter the capital. Day traders might have a good analysis but most times retracement could trigger stop loss or blow than a trading account with a small capital. While scalping takes advantage of immediate volatility one can make profit both ways it all boils down to discipline

Scalping and daytrading is somewhat the same it is really just different on the time that they are executing actions and its true that whether you do have a big or small capital it wouldnt really matter because it would really require good capital handling plus discipline because every action would counts because you are dealing with volatility on active manner which is something that couldnt be handled out easily.
Only a few could able to survive daytrade or scalping thats why it isnt for everybody and for those who could do then they are the ones who could make profits in short time basis.

Zilon

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Day trading is capital intensive while scalping is based on the level of greed control no matter the capital. Day traders might have a good analysis but most times retracement could trigger stop loss or blow than a trading account with a small capital. While scalping takes advantage of immediate volatility one can make profit both ways it all boils down to discipline

bitgolden

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I will be answering your question based on the outcome of my trades in a month. I keep record of my trades, and at the end of the month I check whether to know if I’m really gaining from it or not. This is a way for me to know if what I am doing is something that I should continue with or quit.

So far, I don’t get the same results in every month, but I think it is quite good and I do make profit. Maybe with time I might get better like I have did. If that day trading is not working for you and you have now switched to swing trading and things have started working, then you should continue with that.

All of us wants to make profit, if you’re seeing that profit, then you’re good. All you have to do now is try to improve yourself and make sure that you’re growing in what you’re doing. When your skills are better and you have enough capital, invest better so that your returns will also bigger than what is now. Then above all, try to be careful, and understand that there are risks involved.

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Quote from: Yamifoud on March 06, 2022, 06:42:26 PM

I stay where I'm comfortable with. I use the scalping strategy for almost 3 years and I am really in profit but can't just deny that I lose also sometimes ( kinda be a normal thing). But yes, this is never been easy as we need to analyze the market so well, and spending more time on the market watching the trend where it goes gives us the idea of when to sell and when to buy. And aside from that, we have to learn how to be more patient and take control of our emotions because no matter how good we are in analyzing the market it still ruins if we got lose our emotions.

Scalping is something not for everybody because you have to deal with price on very active manner which means you do need ample time and effort for you to be effective with this kind of trading.Some would succeed out

and some do fail to do so and it would vary if you could sustain or not and this is where people do make out some switch up from scalping to swing/trend or long term trading.
Doesnt matter which one though as long you could make profits then thats what it counts.

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Quote from: Oshosondy on March 07, 2022, 02:07:55 AM

What if when bitcoin price rose to $50000, a trader open a short (sell) position with 1x leverage. The liquidation price will be around $100000. Bitcoin reach ATH of $69000 and dropped back. If the person did not sell as of this time, the person is gaining already.

Impatience would make a lot of traders close their position at that level of $69k even when they already spelt their liquidation at $100k. That's what happens when emotions are tied to trades. I've consistently maintained that lack of self discipline is the bane of most traders and not their trading plans or skills. A lot have great skills but emotion messes them up.

I started off as a scalper because those whom I followed as a budding trader were of the opinion that one could easily go in and out of the market within minutes and pick wins. That, I discovered not to be entirely true as I kept recording loss after loss. With time I came to understand that my temperament is better situated for higher time frames. I don't do anything less than daily. However I've read and heard about those who make a kill from scalping. But it's just not my thing.

Oshosondy

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Quote from: FanEagle on March 07, 2022, 12:15:32 AM

I know forum people who sold bitcoins around $50k by last May month with the plans of swing trading but market disappointed them when it tested $64k and some of them bought back around $61k with the target of $95k levels. It means long term holding may get you any kind of frustrations like this.

What if when bitcoin price rose to $50000, a trader open a short (sell) position with 1x leverage. The liquidation price will be around $100000. Bitcoin reach ATH of $69000 and dropped back. If the person did not sell as of this time, the person is gaining already. I understood you though, you mean spot trading that when converted to fiat or coins like USDT, the person is no more gain or lose.

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Quote from: Oshosondy on March 04, 2022, 04:52:29 AM

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.

But, I read 99% of traders are becoming holders after frustrating losses. Swing trading and long term holding are not having big differences but I believe for bitcoin, long term holding is most better option rather than trying out any kind of trading which can be swing trading or anything.

I know forum people who sold bitcoins around $50k by last May month with the plans of swing trading but market disappointed them when it tested $64k and some of them bought back around $61k with the target of $95k levels. It means long term holding may get you any kind of frustrations like this.

Quote from: Oshosondy on March 04, 2022, 04:52:29 AM

This is not about swing trading though but about scalping and day trading, are you making profit from it?

My kind suggestion is, all type of trading may get you losses one day or other but if you get into long term holding then you will find chances to make profits in long run. Leave off all the headaches which can be swing or scalping; adopt long term holding to enjoy your days.

sheenshane

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All involve risk and a crucial upon making a decision, both of them have the same time frame of trading strategy but don't have the same how frequent trades in the market. But scalper as I noticed sometimes can be called day trader but day trader we can't call them as a scalper, so the difference here is that is per session trades.

It seems like this, more often trades a day, small profit, less risk and that's what we called scalper and on other hand, fewer trades a day, big profit but it has high risk. So now, scalping sounds better if you have enough time and dedication to understand the market situation a full time to spend in the market just to earn a profit, they had the goal just to earn profit.

Yamifoud

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I stay where I'm comfortable with. I use the scalping strategy for almost 3 years and I am really in profit but can't just deny that I lose also sometimes ( kinda be a normal thing). But yes, this is never been easy as we need to analyze the market so well, and spending more time on the market watching the trend where it goes gives us the idea of when to sell and when to buy. And aside from that, we have to learn how to be more patient and take control of our emotions because no matter how good we are in analyzing the market it still ruins if we got lose our emotions.

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Quote from: Rehan Zakir on March 05, 2022, 10:10:26 PM

I make money by both methods. These are both methods for making money from short term.
I think scalping is that when price pumps. But on some small exchange their price does not updates. So, we buy from where their price is low and sell it before it update price with the market price. Its a short term trading. But it is a quick method of making money. Day trading is very similar with it. But in day trading we analyze that its the buy opportunity then take decision.

I am more of a day trader I don't scalp though I had mixed results so far as a day trader, i.e earn profits as well as lose some, this is due to the fact I am finetuning my trading strategy, though I am still trading with some small amount of fund I can afford to lose, as for me scalping is a no go area, because I can't sit down all day and be monitoring price movement, as day trader my choices of chart is 4 hour, 6 hour, 12 hour and daily timeframe respectively, as in higher timeframe for my analysis lower timeframe for entry, in most cases my entry is on beginning of the daily candlestick after doing my analysis.

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Quote from: Oshosondy on March 04, 2022, 04:52:29 AM

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.

Swing trading is a sub-type of long term holding whereas scalping is a sub-type of day-trading.

Always when you take time in fundamentally stronger market then your chances to make profit is at maximum. So, any type of day-trading which is not having breathing time as per fundamentally strong market's requirement will lead to losses for sure. Because, such market may seem highly volatile in short term but in long run, it will always keep growing and when you keep your nerves down with your open positions then you may make easy profits.

Rehan Zakir

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I make money by both methods. These are both methods for making money from short term.
I think scalping is that when price pumps. But on some small exchange their price does not updates. So, we buy from where their price is low and sell it before it update price with the market price. Its a short term trading. But it is a quick method of making money. Day trading is very similar with it. But in day trading we analyze that its the buy opportunity then take decision.

Oceat

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Quote from: PLayerZero14 on March 05, 2022, 05:19:07 PM

Statistics don't lie mate,it's been proven over and over that 95% of day traders ultimately lose money and the ones who can make profit from it can't even outperform an index fund, so why would you intentionally go through all that hassle and stress if you know that the odds are not in your favor.

Well, since OP has been losing I think it wasn't wrong to try something that you don't know unless if you tried if what would be the outcome. OP did try different strategy to increase his chances of winning/getting profit but unfortunately, I guess it's not for him since he can conclude that swing trading is by far better than others strategy.

I have been losing in trading too and at the same time gaining some profit too, so I think winning more than losing is enough to know you are winning. Well, at least this will be an experience to OP if he could learn where he made some mistakes which is the cost of being impatient.

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Quote from: seleme on March 05, 2022, 05:45:43 PM

It is the reality of trading, the higher timeframes have a better advantage since you can see the whole picture not fractions of market movement.
(.....)

You got a point here but we can't force people to stick on using higher time frames.
There are a lot of people making huge money while just doing scalp traders compare to day trading.

I already experienced scalp trading, I tried doing scalp trading but I find it really difficult. But overall, if we talk about timeframes, you can always use different time frames, just like what I am doing, I am using a lower timeframe before I will enter a trade for my day trading, it's like you will get some small advantage on your entry by analyzing that low time frame.

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