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Topic: Scalpers and day traders, what makes you to make profit in trading? - page 2. (Read 401 times)

sr. member
Activity: 1498
Merit: 271
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Isn't what scalpers often do is in margin trade or perpetual trading they perform these activities? because if they do it on the spot, it doesn't seem that easy in my understanding and based on my experience in using spot trading. and also cannot avoid the risk that will be faced there if you pay too much and lack knowledge.

So I think it is better to use perpetual trading than margin trade in my opinion. though I know it's the same, it's still a risk.
newbie
Activity: 12
Merit: 1
Scalpers and day traders, what makes you to make profit in trading ?

Scalping goods for minutes excution
Day traders goods for holding
  so definitely it depends on you how to
 make profit  in trading its how you to execute the market its on how you analyze it
sr. member
Activity: 2366
Merit: 332

Not only that, earning $1 to $2 dollar a day is better than losing to trading. That makes it satisfying for me. There may also the good days, like yesterday I went short and I earned up to $38 because I knew the market might went down. Although I used $630 for the trading to open 1x short position.

This seem like the point that I was making in my earlier post, having a strategy that gives a steady profit despite how small it is, is better than making losses because it brings your confidence level down and you will lose courage to continue. Therefore no need to ask for a better way to trade but only to add to your risk appetite which you have done and you have seen increased profit. But while increasing your risk appetite, you have to be sure you apply your stop loss incase the market change backwards against your plan.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
When you have limited capital and it is all that you have, you shouldn't trade in futures specifically with high leverage because if you got liquidated, you will be left with nothing at all. It's better if you simply do scalping in the spot market which might give you good profits and also won't have the risk of your total capital vanishing in thin air. However, even scalping isn't as easy as it may sound because most of the coins that pump and dump quickly are risky.
Spot trading is safer than derivative trading, but all that is required is discipline, controlling your emotion and not going against your trading strategies and plans.

1x leverage is almost the same as spot trading but in a way you can also open short position. What that is dangerous in derivative trading is increasing leverage and trading of very volatile asset. As for me, I prefer to use bitcoin.

So when you are in the spot market hoping to do some scalping, you will need to find assets that are moving fast and in a positive direction, you will need to enter very quickly and also exit very quickly as well with just a small profit so that you don't get late and have your capital stuck forever.
Maybe, but that is not how I trade. I prefer to use less volatile assets like bitcoin, but also with low leverage. Scalping is not as easy as it seems, sometimes a trader will not have any option than to keep a position opened for long, especially if the trader uses a very low leverage.
full member
Activity: 1176
Merit: 140
I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?
When you have limited capital and it is all that you have, you shouldn't trade in futures specifically with high leverage because if you got liquidated, you will be left with nothing at all. It's better if you simply do scalping in the spot market which might give you good profits and also won't have the risk of your total capital vanishing in thin air. However, even scalping isn't as easy as it may sound because most of the coins that pump and dump quickly are risky.

So when you are in the spot market hoping to do some scalping, you will need to find assets that are moving fast and in a positive direction, you will need to enter very quickly and also exit very quickly as well with just a small profit so that you don't get late and have your capital stuck forever.
full member
Activity: 1246
Merit: 102
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it's a good thing that you have done, where at least you can consistently earn profits every day, even though you think it's small, but not many people can survive, at least secure their capital. but if you look at the percentage, I take the smallest $ 1 per day, then in a month I get $ 25, if it is a percentage of capital then the profit per month is 5%, I think that is a good step, and your strategy is also safe, and if you get a nominal higher in a month, maybe the compound method can be applied
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
The bottom line is that if $1 to $2.5 you are earning is consistent then you can increase your leverage a bit just to increase your profit range to $10 ~ $25 which I believe is quite reasonable imagine trading with $1000 instead of $500 that means more profit will be earned, however you shouldn't be tempted to over increase your leverage of course you already knew it consequence, I believe reasonable profits earned consistently is far better than being greedy to earn huge profit afterall the market is always available 24/7 and many more trading opportunities abound in the market, personally I use 4 hour timeframe for trade meaning few trading set-up weekly though I am still having mixed results I hope to tweak the trading strategy to yield better result.
It would be good to increase the trading fund than the leverage if you are using a certain leverage and winning already. Also before increasing the trading fund, it is good to make calculations that if bitcoin go against the position that you opened, that how much will you be losing at certain prices. If you are good with the calculation, you can increase the trading fund and follow your strategy. Assuming I started first and increase the leverage, emotion can set in and this can change my trading strategy. Some positions opened are not favouring a trader at the beginning, but because you use low leverage and capable of losing such little amount, the trader will not close the position and later the market can reverse and resulting to profit.
sr. member
Activity: 2842
Merit: 326
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I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?
The bottom line is that if $1 to $2.5 you are earning is consistent then you can increase your leverage a bit just to increase your profit range to $10 ~ $25 which I believe is quite reasonable imagine trading with $1000 instead of $500 that means more profit will be earned, however you shouldn't be tempted to over increase your leverage of course you already knew it consequence, I believe reasonable profits earned consistently is far better than being greedy to earn huge profit afterall the market is always available 24/7 and many more trading opportunities abound in the market, personally I use 4 hour timeframe for trade meaning few trading set-up weekly though I am still having mixed results I hope to tweak the trading strategy to yield better result.
hero member
Activity: 3220
Merit: 678
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No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.
I would guess that making 1 into 2 is not the same as making 1 million into 2 million. There is a volume and marketcap block that prevents something like that from happening and I believe that we are going to end up with something like that eventually. Life is not that simple and we need to achieve something that is bigger volume to make that happen. Some small token could give you return that is double and you would be happy with that if you are using something small.

But, if you want to get a bigger amount and double that, the volume and liquidity of that small cap token may not be enough. This is why its quite important to focus on what you can do, and not what the token can do for you. Just look at the strategy a lot more.
legendary
Activity: 1596
Merit: 1288
With the amount of $ 500, you cannot do much, as the average daily profit will not reach 25%, but if you are in a country where $ 10 a day means a good life on average, then your attempt to trade with this amount is not a bad idea.
My deals in trading are weekly and about 700 to 1500 dollars per account and you can reduce the risk by buying near the levels of resistance and support, which generates a profit for you of about 20 dollars per week or 50 dollars if you are very lucky, so a profit of 1 dollar to 2.5 dollars from 500 dollars is very good in average.

legendary
Activity: 3276
Merit: 1029
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No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.
i doubt its gonna be that easy though, raising the profits earned also means risking the capital and increasing leverage, it will be much more difficult to do than to say.
also there's reason why someone keep making $1-$2 they are trying to gate keep themselves from risking their money too much therefore the small profits that they get but sometimes
that is sufficient enough if being done consistently.
though its true that there might be some strategy that could boost profit earned, and usually if someone already could consistently score $1 - $2 with their current capital then they usually find some good strategy that they could try.
sr. member
Activity: 1316
Merit: 356
No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.
Not only that, earning $1 to $2 dollar a day is better than losing to trading. That makes it satisfying for me. There may also the good days, like yesterday I went short and I earned up to $38 because I knew the market might went down. Although I used $630 for the trading to open 1x short position.
Agree with you. I would prefer to earn a little amount of money than those profit big but lose a lot when the trade not materialized. The important thing in trading is that if you satisfied with your profit of your strategy, then you can keep doing this. There's a lot of traders out there who loses a lot because of their mindset that if they trade they will immediately become rich, they didn't know that it didn't work like that. So I'm glad that you are not one of them, keep going.
legendary
Activity: 1750
Merit: 1329
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Base on my experience with this market current status, the price of the coins does not make too much change and a scalper for a daily trade its better to plot already the possible price movement of the coin even though its a segway price movement, so I can make a position, I didn't put much leverage because way too much risky, unlike if the market before is in bull run many people doing a 100-120x leverage because they know the price goes up every day but in this case prefer is 20x but with a large amount of capital else ideal just to do with the spot trade.
legendary
Activity: 1652
Merit: 1208
Gamble responsibly
Profits of $1 and $2.5 dollars are small profit with such capital, how do you settle the trading fees? Is it after the fees you get that PNL? I think there are other pairs in the exchanges you can trade to make an average of 5% in a single trade. With such a candle move, 5% of your margin is enough to give you a $25 profit, give or take you should be able to make more than $15 a day at an average condition of the market.
The profit is what I am talking about, the fee is not calculated with it. Trading fee of $500 is very small. For taker with 3% trading fee, that is just $0.15 for opening and another $0.15 for closing position. If I use take profit, the order will be of maker fee and the fee can go lower.

A 5x should increase your margin total capital to $1500, if the risk-to-profit ratio of any trade you have in mind is low, it will do you no good, I think that original capital is good enough for sweet profit unless now that the market is not stable to open trades.
5x would increased the trading fund to $2500, not $1500. Probably you mean 3x. People have different strategies, I use up to 3x to make the entry price get closer to the mark price to be able to earn better while losing already, but as you know, the closer the liquidation. I am planning not to go further than 3x. I hardly leverage though.

No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.
Not only that, earning $1 to $2 dollar a day is better than losing to trading. That makes it satisfying for me. There may also the good days, like yesterday I went short and I earned up to $38 because I knew the market might went down. Although I used $630 for the trading to open 1x short position.
sr. member
Activity: 2478
Merit: 343
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No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
It is what it is, my friend. Every day is not profitable, and 5x leveraging is not really too risky compared to 10x, but sometimes I really do take the risk of using 10x and am always ready to bear the loss.

I am not yet trading for now, but when I was dedicated to it, I didn't only trade futures; I also traded altcoins for the normal "buy/sell" sport trading on some CEX, and I was doing it daily. Some days, my profile could go as far as $10, depending on how volatile the coin was. My trading capital was not less than $500 as well, and sometimes if I buy a token for like $0.0121 before the next 24 hours, you might see the price has gone up to $0.0129 or 0.013. That was just how I was making money too, but not all the time. Some tokens can just drip to $0.005 after I buy them, and sometimes I will have to wait for up to a week before they can go up again. But if I see another very volatile coin to buy, I don't usually wait that long; I will just buy the new one and use it to recover my loss. It worked for me, Mahn. Back then, there was this coin, "CHZ (chiliz)," that profited me about $50 just in one day.
hero member
Activity: 2114
Merit: 619
I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?
5x is actually good leverage. But it's always better to put leverage only in Bitcoin and at maximum I could say Ethereum because you know that only these two currencies will at least respect some supports when they begin to fall other than that I have seen a lot of currencies falling madly and people getting ripped off everything. Obviously, Stop loss can help but when it comes to leverage trading you can't risk anything. There can be chances you never hit your limit stop loss and the market stop loss might sell your assets at a very low price.
legendary
Activity: 3094
Merit: 1127
I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?
Strategies would vary which would really be in accordance with your risks management on which it is really that something that you would really be choosing whether this or that. If you do like on having that lesser risks on
sticking with 1x then its  your choice but going with 5x wont really be that bad but of course you should really be mastering yourself on making that be sustainable so that if you do earn $1 or $2.5 on $500 capital on 1x
then you could eventually earn more as you do go forward or higher in terms of those x's. Strategy? This would really be those common technical approach and certain combinations and varieties of tools
which it would really be just on the same concept on how its been used and things differ on how you do make out decisions basing up with those indicators. Decision making and other emotional kind of aspect
or part would really be definitely be different on each other. So you are the ones who would really be finding out on what suits you.
hero member
Activity: 1428
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But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?
I was also told to not to use more than 5x leverage even many seniors and many YT influencers said not to use more than 5x leverage but after following their advice for a few days I start to think I could make more money if I just increase the leverage more and just have to save some more fiat in order to increase liquidation price.

But that experience did not end well for me, So, I took a break from that, and when I began to start it again but stopped by others due to some reasons so till then I never trade in the future.

And I am not a trader or scalper but a BTC holder. And I prefer everyone to be one but people do want to do something that could make them pressurized like losing and gaining money. So they start to do trading I know that's not a good factor but it is what it is. So, my strategy, for now, I good and make me less worried.
sr. member
Activity: 2366
Merit: 332
No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.
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