Topic: Scalping - page 2. (Read 771 times)

Scalping is a short term trading pattern we can use to catch some profits. If we want to make money from the market, we need to understand how trading really works especially different kind of ways we can trade the market. This will help us to understand the kind if taders that we are and guide us to stay on our lane without cross carpeting. Crypto market is profitable if we know how to trade whether for a long term or short term and make profits from the market.

I have also tried this scalping before, but you will really need to monitor it from time to time, especially if your timeframe is 5–15 minutes. Often, even when there is an opportunity, the movement of the candlesticks on the chart is too gentle. The risk is really quite high.

But even so, you can really eat from scalping as long as the altcoins you are going to make a trade with are right, but at the moment it is done in 15–30 minutes if the time frame is daily, and at least so far, the market is a little bit unstable, although there is a chance that it will suddenly pump up and then also dump temporarily to liquidate.

Indeed that mistakes can still occur sometimes and I think it's fine as long as most of the times we are doing the right thing. That should be enough as a compensation. It is only wrong if we use the " it's a human thing " as an excuse and will not try hard anymore in order to improve our selves. Better if we quit the risky activity that we do like for example trading because it will only help us to become more poor or problematic later on, if not now.

It is true that what we do on a certain thing, will also have impact on our general life, but if we already know our characteristics, it'll be easier for us to decide as well if we will venture this or that thing.

scalping is one of the risky but the profit is fast and they only trade in minutes

You are very correct, the kind of trader you are matters, but I don't think if you want to scalp by solely using a specific timeframe you will be needing the 4H chart for the purpose, the time is too large unless you combine timeframes.

That will be a waste of time as that would often be giving you the signal of what will be happening in more hours, not the immediate that you need.

That's nice 15M is still good for scalping once you have practised how best to use it. Mind you, when you are thinking of the entry-level in scalping, be equally thinking of the exit levels as well. This is important for a balanced trading result, and the best exit plan could be more important at times.

This is because you do not know how to trade correctly. I know where the market trend always lines and I know when there are consolidations which is often the warning for me not to trade or else I will only be gambling at that moment.

That's exactly what I wanted to write. In my opinion, scalping is very close to gambling, you can almost as well bet on red or black in a casino. Such short time frames can never be predicted, and if you have the bad luck that the publication of positive or bad news falls exactly in the time frame, you can lose massive amounts of money, as many scalpers also work with leverage.

But I know the feeling you describe. The high sequence of trades in a relatively short period of time makes it very easy to get the feeling that there is more to be gained and you become much more risk-averse than with standard trades in longer time frames. Only very few of us manage to keep a cool head here - especially when the trades go badly:


Source

Incidentally, scalping is also very popular with all the YouTube traders, as they can offer their viewers significantly more action. Of course, you never see the incredible number of failed scalping attempts.

When we do talk about scalping then this would really be trading about on 1m-5m-15m trades or even on 4h.It would really be basing up on what kind of trader you are in speaking about taking risks.

I have able to experience on how to scalp on which i did make some technical analysis and putting up SL's on 15m timeframe. The main consideration you would be needing is on having that good entry point.
Yes, it might sounds easy but doing things is never been simple. You would really be that too active or attentive on making exits whenever you do see profits and since crypto is really that too volatile
then scalpers do usually fucked up on the time that price swings on huge percentage or making those long red candle sticks.

If you could be able to find out that you are doing well when it comes to scalping then its good because honestly this is type of trading which is the hardest
method, there's no way you could easily be able to spot on where prices could go.

When I come home from work and take a break and I feel bored, sometimes I will go into the market and watch the market for some time. And when you see there are types of coins that are currently in a good upward trend. So I sometimes try to scalp several positions until I get some small profits. But I will not continue my scalping after I have made some profits. Because I know that I sometimes lose control when I am too greedy in wanting profits. After that I could sleep soundly.

But my first experience in scalping didn't go well. I only found myself increasingly filled with emotion due to the greater pressure of the fast trade. Because before I didn't understand how to control emotions in trading. But I was told that it is not good to continue trading after making several profits in a day. because if we continue, greed will take over our minds. So it happens a lot among scalpers. They win in 2 to 5 positions. But when they want more profits and try to place the 6th entry for scalping then that's when losses come to them and in the end all the profits they get from positions 1 to 5 will end up in position 6 or 7. I think about this is very familiar at many people.

Scalping is not only a short-term trading strategy but emphatically the shortest-term trading strategy that traders without very good scalping skills and patience can not excel in. This is actually beyond merely gaining a high level of experience but being able to know the scalping code, have the will, energy and time for it, and also have your own scalping plan and sticking to this plan. As easy as these points could be, many have not been able to fulfil them, and some people who fulfilled them for a while later renege from them. To be candid, scalping is not easy, and this is why people are avoiding it, it's so demanding, and the shorter the term of the trading strategy you are using, the riskier and more stressful it will be. That is how scalping is, but with the right level of mindset and determination towards it, I believe the trader will be successful.

And guess what? The money that could be made in scalping is more than any other trading strategy you can think of, which is why successful scapers are the richest traders in the world. They enter the market many times in a day and get to do this with big risks/lots and opt out pretty fast, repeating the process multiple times in a day for more success to be made. So, this is no joke, they are rich because they could go through the stress which I believe is worth it.

You also have a point with the short timeframe by scalpers, but in my scalping experience, it's beyond that. Although short timeframes are still being used, yet the most successful scalpers do scalp the trend of the market mostly. For this, they get to first analyze the larger charts to know the trend then use the lower charts for the regular scalping towards the main trend of the market. In this light, multiple timeframes are the best for it in my experience.

Notebooks can help us to record mistakes or events that occur, so that we can look at them afterwards to remind us, for example, of something we shouldn't do, and sometimes even though we have written it down and read it, we sometimes still make the same mistakes, and this is basic human nature. . However, if we can manage it, it will not only have an impact on our way of trading, but will also carry over into real life, we will be wiser in facing life.

Scalping is also part of trading, or we can say short-term trading, and it is one of the strategies and methods to earn in trading, but the thing is, is it worth it? Well, based on my experience as a trader, at first yes, you will have fun doing scalping with high leverage, but of course you still need the knowledge and analysis that the price will go up even if just a minute or so. High leverage means high reward, but of course I realise that it is very risky. I stumble once with that method, and the effect is too high. That's when I decide to let go of scalping and focus on day trading or longer, as scalping is also exhausting as you need to watch the market every minute or monitor it while you have a trade as you will need to close the trade as the high point. Yes, scalping is not recommended as it's too risky and not appropriate for a trader.

That is the reason professional traders keep a notebook with them and keep track of their bad trades. They try to figure out what went wrong and how he could be saved from that. This is a good practice for a trader, as it helps him identify the same scenario in the future and take action according to his previous experience. Not sure how much it help them but there must be some benifits of it otherwise why most of them suggest to do something like this to newbie.

It is also critical that people learn how to reduce how big their mistakes can be, and for that a stop loss is invaluable, after all it is completely different to make a mistake trading the wrong coin at the wrong time but only lose a small portion of your capital than to lose it all, as if you are the former trader then not only you can learn from your mistake but you can act upon it almost immediately, while if you are the latter trader then even if you learned your lesson there is nothing you can do about it anymore as you have no money to keep trading the markets.

Scalping, trading on short-term time frames, can be a profitable but also risky strategy. People who successfully scalp usually have a high level of experience, strategic thinking and quick reactions. However, trading on longer time frames requires patience and analytical skills. In general, here and now - this is scalping; basically, of course, everyone uses this strategy on futures.

One of the biggest problems of a trader is repeating the same mistakes, it seems to me that this deprives the trader of the opportunity to become successful. I'm pretty sure that everyone who found themselves in a difficult situation and did not use a stop loss thought that it could save them money and time, but if after that the trader continues to repeat this mistake and does not use a stop loss in future transactions, then this leads to the same result again.

@OP you may have seen more scalpers make more profit from the market because it can be more easier to predict short term market movements than the big moves, and that requires lesser expertise.

Scalping is the strategy to make small profits from small market movements. Scalping may interest you as a beginner in trading because of the satisfaction that small profits will be giving you then,  but as you progress and your experience increase, you will want to try setting your trade for longer time to be able to profit more from the market.

Scalping is suited to a certain type of product under certain conditions, specifically when you are not expecting big breakouts...

As is popular CT wisdom these days, at some point you gotta take a break from trading and start believing in something (typically referring to longer term holds for highly promising ventures).

Scalping is short-term trading, so analyzing it uses a small time frame, therefore complex skills are required considering that the smaller the time frame used, the greater the fluctuations will be seen, so not many traders are successful, especially for psychological matters. really determines the success of a scalper, and of course this pattern will be suitable to learn for those who have a lot of free time

Scalpers are more prone to losing their capital easily as they tend to follow the fast paced market trend.
Scalping are only for those who are already know how to timing the market with less emotion, and the scalpers doesn't hold the coin/token for a long time because they tend to sell it right away with a little to no profit at all. If you are still new in crypto market, scalping can be more risky better to trade long while you are still learning, scalping is for those who can handle their emotions properly.

     -  Well, scalping is profitable as long as you have deep knowledge of cryptocurrency trading. But it's high-risk, especially for those who don't know about crypto trading. Actually, even if you know something about trading, scalping is still quite difficult to do.

So I suggest that this is not good for newbies because, for sure, their capital will be wasted in the end. There is a lot to consider in scalping, to be honest. One of these are we must know how to use the indicators in trading and more.