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Topic: Scalping - page 4. (Read 765 times)

legendary
Activity: 2716
Merit: 1225
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August 27, 2023, 12:06:17 AM
#35
With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally
Full time trading is when you're completely dependant on your trades to earn a living, to put food on your table. It doesn't matter if you do that by scalping or by day trading or swinging. There are pro-traders who earn by just scalping the market and there are those who place trades and forget them for days to hit TP. Choosing any of the methods will depend on the trader's temperament. It's not just always being before a screen or pressing mobile phones that makes one a trader. It's the ability to make profit from it more than incurring losses.
sr. member
Activity: 1316
Merit: 356
August 26, 2023, 06:50:37 PM
#34
You're welcome. A lot of traders who win on their first couple of trades but after a week or a month their funds were gone. In my opinion, there are several possible reasons why their funds were gone so fast, one of that is because of emotional trading and no risk management. If you trade having unstable emotions, the probability of winning the trade decreases. It include revenge trading, and greed, to avoid these you have to be disciplined and have patience. Unstable emotions cause by consistent loses are also the reason why trader won't follow their risk management because they want to get the money back from all the losing trades in one trade. This is also what you have to consider when you trade.
The general rules of trading will apply to many types of trading in the same way, you must manage risks, and manage funds wisely, but besides this, scalping is one of the most difficult types of trading because you need to constantly monitor the market, selected pairs, which is very tiring. This can have a very large impact, as fatigue will lead to errors and it will also increase the likelihood of errors in risk management.

Besides, trading using alts can also cause stress. Despite the fact that we are aware of Bitcoin's supremacy, we may expect alts to follow suit. The issue is that not all coins have the same volatility, which has a significant impact on how we trade. That's why we have to screen each coin before trading, which can be stressful because if we don't do this and assume they're all the same, you'll probably lose trades, leading you to believe your strategy isn't working. So it is preferable to focus on and master one pair before moving on to other pair.
member
Activity: 785
Merit: 34
SOL.BIOKRIPT.COM
August 26, 2023, 03:47:01 PM
#33

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally

If you cant handle the loss please i will beg you not to scalp and also if you most scalp u most be ready to be fast in entering a trade at the early stage and also getting out of it early too. but with the day trading u dont have to panic with all of these things i just say as far as your confluence and confirmation are present to you.
hero member
Activity: 952
Merit: 552
August 26, 2023, 02:56:24 PM
#32

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally

You will not enjoy trading at this time, at least not in a bear market that everything is just somehow. You can only enjoy scalping if we have a trend like when we had bitcoin price moving upward direction in bull market, you can scalp and make plenty of profits but now, it's more difficult to scalp than to do normal trading because you will open a trade expecting good move only to wake up that the market is messed up, you wouldn't know where to even start, like the last one when SpaceX was rumors to have sold their bitcoin and ever since then, bitcoin is can't hold $30k, it has been dumping and more dump or maybe it's just another manipulation, that I'm not sure but scalping now.

Why not try normal trading, gain the knowledge of full time trading and run the both, they will help you out when you need them the most both in bear and bull market.
hero member
Activity: 980
Merit: 947
August 26, 2023, 12:07:34 PM
#31
You're welcome. A lot of traders who win on their first couple of trades but after a week or a month their funds were gone. In my opinion, there are several possible reasons why their funds were gone so fast, one of that is because of emotional trading and no risk management. If you trade having unstable emotions, the probability of winning the trade decreases. It include revenge trading, and greed, to avoid these you have to be disciplined and have patience. Unstable emotions cause by consistent loses are also the reason why trader won't follow their risk management because they want to get the money back from all the losing trades in one trade. This is also what you have to consider when you trade.
The general rules of trading will apply to many types of trading in the same way, you must manage risks, and manage funds wisely, but besides this, scalping is one of the most difficult types of trading because you need to constantly monitor the market, selected pairs, which is very tiring. This can have a very large impact, as fatigue will lead to errors and it will also increase the likelihood of errors in risk management.
sr. member
Activity: 476
Merit: 299
Learning never stops!
August 26, 2023, 12:06:19 PM
#30
Quote from: jeraldskie11 l ink=topic=5464528.msg62750217#msg62750217 date=1693030521
. Unstable emotions cause by consistent loses are also the reason why trader won't follow their risk management because they want to get the money back from all the losing trades in one trade. This is also what you have to consider when you trade.

Exactly I think this explained it all I was desperate to get back the little loss I got within a short period of time which made me lose more than I expect Smiley
sr. member
Activity: 2366
Merit: 332
August 26, 2023, 11:37:11 AM
#29
Who tends to lose easily? The ones with leverage or the ones with scalping?
Scalping  lose more in my opinion

All is relative and subjective. It differs from the strategy to have your result. The market is there for everyone to use the strategy they can to milk out their own profit. If your strategy gives you more profit and when you try to change you start getting losses, it is better to stick to what you are doing correctly. So both scalping and relying on heavy leverage depends on the trader but what I know is a strategy that is working doesn't require to be changed and that strategy you lose all the time the best thing to do is to drop it for another strategy.
sr. member
Activity: 476
Merit: 299
Learning never stops!
August 26, 2023, 11:21:12 AM
#28
Who tends to lose easily? The ones with leverage or the ones with scalping?
Scalping  lose more in my opinion
sr. member
Activity: 2436
Merit: 455
August 26, 2023, 09:52:05 AM
#27
I can't deny the fact that scalping is so risky, but it's the easiest way to earn profits and of course losing your funds as well.

Scalpers use a very small time frame every single trade, they need to decide quickly or else they are gonna get liquidated easily or make profits. Also, they are happy on the profits they are making every single trade whether it's small or big. Scalping is not for the people who have fainted heart and those who easily lose control whenever they are mad or frustrated.
legendary
Activity: 2506
Merit: 1394
August 26, 2023, 04:52:26 AM
#26
With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally
For me, there's no wrong with being a scalper. Because I believe that's their way of trade and there's nothing wrong, I can see a lot of people that are profitable when they do scalp trading.
But what I want to say is always think: "Not all the time, it's good to trade". There are also a lot of pairs you will try to look at and monitor if you are scalping.
So for me, scalp trading is just day trading, you either win or lose.
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
August 26, 2023, 02:32:49 AM
#25

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally
A scalper should be an experience trader, I won't advice a newbie to embark on scalp trading because of the high volatility of the price and trading with 1 minutes or 30 seconds timeframe, this also involves access to a very fast internet connection and fast execution rate that means the scalper must trade with an exchange or broker that posses those features and qualities else such a trader is bound to incur losses if the execution rate of triggering a Long or Short trade is very slow, I am also trader but my maximum trading timeframe is 4 hours chart, so please don't be carried away by the success of few scalpers who posted their massive profits online they must gotten a lot experience after plenty years of studying and analyzing charts.
sr. member
Activity: 1316
Merit: 356
August 26, 2023, 01:15:21 AM
#24

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally
Scalping is also a full trading, there is nothing called non full trading. Trading is trading.
I think Op is trying to say that scalping is not a full time trading. Well, there's a full time trader and there's a part time traders. It's up to you if which of the two wanted to be no matter  what kind of trader you are but I just want to let you know that if you want to be a full time trader make sure that you're already profitable. Because if you're just new and still finding an edge, then you have to trade only part time. This is what I have learn with one of my batch, he sacrifices his job for trading because he thinks that trading can sustain his daily needs.

Scalping is the most riskiest type of trading since you only use lower time frame (1m, 3m, or 5m) for entry. You only have a couple of minutes to close the trade. So we have to be strick and stick to our plan, only trade if you see a setup in the chart, don't overtrade.
Thank you  you understood  me clearly. I once traded as a scalper looking for spikes  market  Grin but I ended up losing it all even I made a lot from it
You're welcome. A lot of traders who win on their first couple of trades but after a week or a month their funds were gone. In my opinion, there are several possible reasons why their funds were gone so fast, one of that is because of emotional trading and no risk management. If you trade having unstable emotions, the probability of winning the trade decreases. It include revenge trading, and greed, to avoid these you have to be disciplined and have patience. Unstable emotions cause by consistent loses are also the reason why trader won't follow their risk management because they want to get the money back from all the losing trades in one trade. This is also what you have to consider when you trade.
legendary
Activity: 3808
Merit: 1723
August 25, 2023, 11:28:42 PM
#23
Scalping just means you take more trades with a shorter time frame. For example you might stay in the trade for a few minutes instead of a few hours or days.

Usually these are high leverage trades and you take them multiple times a day and you make large amounts of money on small moves in price.

In reality this is extremely difficult to do profitably and most people fail.
newbie
Activity: 53
Merit: 0
August 25, 2023, 08:32:57 PM
#22
SCALPING meaning to say they only trade minutes and the profit is also fast but it is very risky because the movement of the candle sticks is also fast in the lower time frame
hero member
Activity: 2968
Merit: 687
August 25, 2023, 06:49:12 PM
#21

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally
Just like on what been said on earlier response or replies is that scalping could be considered full trading and on the time that you do able to get or hit that target on a specific day then you would really be calling it

a day and would go for another one for tomorrow. Day trading are to those who do make trades which opens and closes up their trades on a specific day and same goes with those swing traders
which they are really that going for several days or weeks for such closure. It would really vary on which trading type would really be suiting out on your risk tolerance because not all would really be that doing
daytrades could make out scalping which this do indicate about 1m-5m timeframe i should say on trying out to snip those possible gains in short time period.

I could say that this is the most hardest type of trading on which dealing up with volatility and its something that wont really be that recommended for beginners.Even to those veteran
ones wont really be touching out this are because dealing with extreme volatility is never been that so easy.
legendary
Activity: 966
Merit: 1042
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August 25, 2023, 04:32:53 PM
#20

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally

Haha, People choose their subscription to the OTT platforms with the resolution according to their pocket size (Buying power).. Same the case is here .. You need to go for the Scalping, Swing or introductory, or Buy & Hold really depends on your investment capital (Buying Power). Sacpling is the game for the Big Capitals, I would generally advise in words that "Avoid".

Keep in mind and spend a peaceful life with the Motto Slow and Steady wins the race.. choose a better time frame and trade with peace of mind without any pressure and make millions.  Cool Cool. It never means that those who trade on scalping are greedy buddy their nature and their typo is different ... they like adventure and like to play because they have a lot (Funds / Money).
hero member
Activity: 784
Merit: 672
Top Crypto Casino
August 25, 2023, 03:52:02 PM
#19

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose  so easily can we say it greediness or it's not advisable generally

Scalping is also a type of trading that a group of traders follow. In scalping a trader basically finds a cryptocurrency or a stock that can give some profit to a trader when its price gets higher. In this type of trading a trader basically follows the charts of a cryptocurrency or stock and whenever he/she finds a good dip then he/she buys some amount of the cryptocurrency or stock and waits for sometime to see a higher price. Once the stock or cryptocurrency gains some price the trader sell of the cryptocurrency or stock and earns some profit because of such trades.

A scalper often opens and closes many positions per day and those type of traders often do so many trades in a day to earn some profit. The scalpers are basically the ones who follow a certain group of technical indicators and when they finds a good price of an asset they purchase it at that price and sell it for a very low %age profit. There are some scalpers who often face huge losses because their main target is to gain profits in short amount of time and sometimes when market faces huge crashes the scalpers lose a lot during those times.
member
Activity: 898
Merit: 19
Do it For Better Humanity (Bitget trader)
August 25, 2023, 03:32:36 PM
#18
Who tends to lose easily? The ones with leverage or the ones with scalping?
legendary
Activity: 3668
Merit: 6382
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August 25, 2023, 01:50:35 PM
#17
so to what extent can we say someone is being greedywith his/her trade even time?? Or leverage

Imho greedy is when he risks more money he can afford to lose. As you can see, the number can vary greatly from person to person.
And from what I've seen, the most inexperienced tend to lose the most because they are affected by sentiments, they don't follow the basic rules or simply treat trading like some sort of gambling.
hero member
Activity: 1414
Merit: 670
August 25, 2023, 01:25:24 PM
#16
The factors causing so much lose is they are trading in very short time span and in crypto trading you should know that more the short timespan is the more will be risk in there. And scalping is not an easy task it requires a lot of experience and analysis and once the thing goes wrong like the recent dip.

Scalper will be exhausted by such sudden dips so to decrease the loss ratio many use stop loss and you could also use stop loss to decrease the lose.

And there is one more thing that most of the scalpers are trading in Future while lesser in Spot. And if you are scalping in future then there will be more risk as there is a fear of liquidation while if you are in spot then there is lesser risk. As in spot you could hold for longer period of time unlike future. Although If one is newbie and just started there journey in crypto or trading they they should avoid scalping as it is now for newbies.
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