[scalpers] Don't just join a moving train - page 2.

Dragonfund

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Quote from: Zilon on September 15, 2021, 01:30:23 AM

Scalping is one type of Trading where traders trade based on the direction of a particular candle stick waiting to take profit once the candle makes a little move above the entry point. This Trading technique can be very attractive and fast way to make profit but it can keep a trader stock mostly when the decide to scalp at the end of a trend and get carried away by it's volatility.

That's a dumb move that will hurt any trader involving in such kinds of trades, the only time I jump into trade like this is when I enter the market and I realize that the entire market has serious dump like the similar one that occurred on the day Els Salvador announced Bitcoin as legal tender, that kind of situation aren't meant trader to be doing support and resistance, I buy all the red until I'm become out of fiat and sells back the moment market stabilize and the profits are always good. Kiss

Quote

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

Scalping is one kind of trading that requires your smartness to know when to take the available profit and close your trade

Scalping is good way to make cool bucks without doing much but I find it hard to leave my trade more than 4 hours, I don't get comfortable except the situation I highlighted above, I.e when the market has seriously dump, it will be hard to make an instant profits except if there is high volatility for fast moves. This has help me stay out of market making U turn against my trades, I go into market, makes some profit and then I'm out safely, no one gets hurt. Cool

stomachgrowls

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Quote from: Zilon on September 15, 2021, 01:30:23 AM

Scalping is one kind of trading that requires your smartness to know when to take the available profit and close your trade

Being a scalper isnt really an easy thing and it would be wise if you dont directly dive in with this kind of trading but instead focus up yourself on being sustainable on being a spot trader with having that swing/trend type
kind of trader and once you had already a good grasp on checking out with different timeframes then this is the time you do try on making out scalping trades and for sure this isnt really an easy one and there
are much differences in terms of the volatileness that you are facing off.

Most of the time you are dealing with low time frames neither 1m or 5m or 4hr depending if you do know on how to find out some biases between timeframes.Basing up on experience i could really
say that it is hard.

Deal with it when you are ready and having that sufficient time to watch movements most of the time.

Zilon

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Bitcoindata.science

Quote from: ethereumhunter on September 15, 2021, 10:01:47 AM

But most traders will try to use the benefit of the price increases to make a profit. But most of them can not realize that the party is over and they get stuck in the high price without having a chance to sell at the next high price but only sell at a loss.

I have been a victim of this on several counts most times I see a major support or resistance zone and get carried away by some fake volatility which would just keep me stucked in the market. Most times using stop loss could be very frustrating because the market just triggers the stop loss before moving your predicted direction. I think it's better a scalper maintain the formula of buy the candle at a low point and wait to take profit once it goes higher above it's current address price or sell at a high price and what to take profit once it sells below the current price

Ararbermas

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Mostly scalpers were gaining quick profits only wherein they don't stay for long time and waiting for more highs, i mean when they see a break out pattern then they will place order and after that waiting only for the bearish candles to pop up then dump and wait again for another opportunity where they can place another target.. It's very easy to be honest and for me it's the most safest technique when it comes day trading but it requires a lot of knowledge and skills.. .

palle11

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Quote from: Zilon on September 15, 2021, 01:30:23 AM

From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

Scalping is a very fast way of trading and so it won't allow for putting in the stop loss. Mainly it is not the fault of a scalper not to use stop loss and that is why it is the most dangerous trading pattern, you can get stocked in losses when you enter a wrong scaping position. When you don't trade with stoploss and you go into losses, it is difficult to stop the trade on losses. Using stop loss is better in all trade.

sujonali1819

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Yes, trying to catch the running train it's always bad idea and most of the time it go away without the man. And if sometime someone can catch the train but it has a lot of risk. Anytime any accident can happen. Just exactly like this can happen in trading world. And most of the time it gives us a bad experiences.

The only way of reducing the lose in these trade like running trade is Stop Lose which is already said. So make sure you have a good habit of using stop loss before joining these running train.

ethereumhunter

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But most traders will try to use the benefit of the price increases to make a profit. But most of them can not realize that the party is over and they get stuck in the high price without having a chance to sell at the next high price but only sell at a loss. The scalping trade is fun but only if you know when to stop and not to chase the price moves up and down. If you can control your greed, you might have a chance to make a big profit from the scalping trade.

jackg

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Quote from: Zilon on September 15, 2021, 01:30:23 AM

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

Scalping is one kind of trading that requires your smartness to know when to take the available profit and close your trade

Avoiding setting a stop loss is definitely a problem with that strategy as well as assuming it's good enough on its own. The thing with avoiding setting a stop loss has been criticised in other threads about copy-trading and it's easy to see when a copied-trader over leverages as the fund drastically reduces.

If you're mixing the "set order in direction of movement" with some technical analysis then you'll do a lot better than if you weren't (as long as you set comfortable take profits).

Zilon

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Bitcoindata.science

Scalping is one type of Trading where traders trade based on the direction of a particular candle stick waiting to take profit once the candle makes a little move above the entry point. This Trading technique can be very attractive and fast way to make profit but it can keep a trader stock mostly when the decide to scalp at the end of a trend and get carried away by it's volatility.

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

Scalping is one kind of trading that requires your smartness to know when to take the available profit and close your trade

Topic: [scalpers] Don't just join a moving train - page 2. (Read 212 times)