Scalping, my best trading strategy - page 2.

sana54210

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Quote from: South Park on December 17, 2022, 03:11:19 PM

scalping is a profitable strategy but one that requires for the trader to take several important decisions daily, and a newbie is simply incapable of doing this under so much pressure as they lack the skill and the experience to do it.

There cannot be any strategy which remain profitable all the times unless otherwise you are continuously updating yourself for market conditions. By market conditions, I refer the influencing factors of markets which include news and Fuds which means no one could update themselves against all news and Fuds.

Scalping probably a good one for some percentage of traders and usually I never go for it. Because, more you trade, the more you may face losses. Instead of going for scalping, a trader may wait for perfect bottom of the day to target the ultimate top of that day given that if good at TA.

jossiel

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Quote from: xSkylarx on December 17, 2022, 03:15:45 AM

Quote from: jossiel on December 16, 2022, 04:30:26 PM

Quote from: xSkylarx on December 16, 2022, 07:25:46 AM

I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals

Yes, fundamentals or the basics.

And then you'll figure it out whether it is for you and if you want to continue or not. Because that's where many newbies are lacking of for their strategy and start.

They just keep on hitting it and then losing money because they don't think that even if the basics, they have to be equipped with it.

Use a demo account also at first when you are still trying to trade so that you can prevent losing your money others don't want to have a demo account as they said that it is different in actual trading and the stress brought to you is not the same that is why they trade immediately to a real account. We have our preferences which others might work and others are not, just follow what works for you as we do have our trading style, don't copy others as it has a possibility that it isn't working for you.

It's also a good start, to use demo accounts.

There are exchanges that has dedicated demo accounts so that their new customers can try them out before proceeding to the actual trading.

Because the fact about the market when a trader comes in, it's more brutal than what they're thinking of it. That's the hard part in trading because they can be liquidated if they enter margin without thinking.

And also in spot, they can lose all that they've got when they're not prepared.

South Park

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Quote from: gunhell16 on December 17, 2022, 07:40:05 AM

Being a scalper is not advisable for newbies here in the crypto space, you should be saying that. Because scalping activity requires you to quickly decide when to buy and sell, you know that dude.

Nayon, if for you this is the best strategy to get a profit, that's good for you, even if the income is small but if it's every 5mins, 10 mins., 15 mins or more it depends on you you can earn quickly but also fast Lose with a little mistake because technical analysis is based on a fluctuation.

One of the most important skills when it comes to trading is our ability to take decisions under pressure, and this is a skill that develops over time, the reason a great deal of people recommend long term investing for newbies as a way to get experience in the markets is because the less decisions they can take the less possibilities they have of making a mistake, scalping is a profitable strategy but one that requires for the trader to take several important decisions daily, and a newbie is simply incapable of doing this under so much pressure as they lack the skill and the experience to do it.

AakZaki

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Quote from: gunhell16 on December 17, 2022, 07:40:05 AM

Being a scalper is not advisable for newbies here in the crypto space, you should be saying that. Because scalping activity requires you to quickly decide when to buy and sell, you know that dude.

Nayon, if for you this is the best strategy to get a profit, that's good for you, even if the income is small but if it's every 5mins, 10 mins., 15 mins or more it depends on you you can earn quickly but also fast Lose with a little mistake because technical analysis is based on a fluctuation.

big or small income depending on how much capital you use for scalping. this technique requires us to be in and out faster by taking advantage of every price fluctuation and really having to focus. Chart reading is very necessary to determine when to enter and when to exit. Scalping is generally done under a 5-minute time frame, a 10-15 minute time frame is too long and is still included in the mid-term trading type while Scalping is a short-term trading type.

ethereumhunter

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Quote from: gunhell16 on December 17, 2022, 07:40:05 AM

Being a scalper is not advisable for newbies here in the crypto space, you should be saying that. Because scalping activity requires you to quickly decide when to buy and sell, you know that dude.

Nayon, if for you this is the best strategy to get a profit, that's good for you, even if the income is small but if it's every 5mins, 10 mins., 15 mins or more it depends on you you can earn quickly but also fast Lose with a little mistake because technical analysis is based on a fluctuation.

If the coin is moving well, we can use scalping to trade quickly but it is very rare today. We need to be able to do scalping at our speed of buying and selling to make a profit. And the difficulty of scalping is that we have to decide quickly and avoid mistakes in analysis. The analysis we do should also be able to find the time to place buy and sell orders. But scalping can also trigger greed for more profits and can't stop before scalping is almost over.

gunhell16

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Being a scalper is not advisable for newbies here in the crypto space, you should be saying that. Because scalping activity requires you to quickly decide when to buy and sell, you know that dude.

Nayon, if for you this is the best strategy to get a profit, that's good for you, even if the income is small but if it's every 5mins, 10 mins., 15 mins or more it depends on you you can earn quickly but also fast Lose with a little mistake because technical analysis is based on a fluctuation.

SquallLeonhart

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Quote from: Zilon on December 17, 2022, 02:39:38 AM

If Scalping works for you, then stick to it. Scalping doesn't make low risk at all because if the market changes direction or breaks out against the trader's predictions it will result in a trap. All trading types have its own risk to reward ratio.

Sticking with profitable strategy is good but the basic problem with most traders who are into scalping is, they do fail to cover the exchange fees with their each and every trade. It means out of hurry while scalping, they may book profits which are not enough to cover the exchange fees. Personally I tried scalping but it seemed like I need to be clued myself into front of screens to make pennies. Yeah, not worth for the time and efforts we need to perform it.

Quote from: xSkylarx on December 17, 2022, 03:15:45 AM

We have our preferences which others might work and others are not, just follow what works for you as we do have our trading style, don't copy others as it has a possibility that it isn't working for you.

Yea, even our own strategy which got us profits yesterday may fail tomorrow. So, copying others strategy may not guarantee anything against ever evaluating conditions of bitcoin markets.

xSkylarx

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Quote from: jossiel on December 16, 2022, 04:30:26 PM

Quote from: xSkylarx on December 16, 2022, 07:25:46 AM

I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals

Yes, fundamentals or the basics.

And then you'll figure it out whether it is for you and if you want to continue or not. Because that's where many newbies are lacking of for their strategy and start.

They just keep on hitting it and then losing money because they don't think that even if the basics, they have to be equipped with it.

Use a demo account also at first when you are still trying to trade so that you can prevent losing your money others don't want to have a demo account as they said that it is different in actual trading and the stress brought to you is not the same that is why they trade immediately to a real account. We have our preferences which others might work and others are not, just follow what works for you as we do have our trading style, don't copy others as it has a possibility that it isn't working for you.

Zilon

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Quote from: odunybiz on September 08, 2022, 02:54:25 AM

As crypto trading may be difficult if ones doesn't understand the technical analysis in trading cryptocurrency. Scalping may be a good option for traders with little crypto trading experience. Now, what is scalping?
Scalping is a short-term trading strategy which a trader adopts to make frequent small profits from small price movement each day. This small profit add up to generate a substantial amount over time. Scalping comes with low risk when compared to day trading. Scalping is best done in a ranging market. Below is an example of a ranging market

If Scalping works for you, then stick to it. Scalping doesn't make low risk at all because if the market changes direction or breaks out against the trader's predictions it will result in a trap. All trading types have its own risk to reward ratio. Also, scalping is not a strategy it is a type or form of trading and its disadvantage is that the trader will need to monitor their trade at all times to take this small profits and because the profit are small stop loss is always avoided and that could be more risky for small account size.

jossiel

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Quote from: xSkylarx on December 16, 2022, 07:25:46 AM

I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals

Yes, fundamentals or the basics.

And then you'll figure it out whether it is for you and if you want to continue or not. Because that's where many newbies are lacking of for their strategy and start.

They just keep on hitting it and then losing money because they don't think that even if the basics, they have to be equipped with it.

xSkylarx

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Quote from: jossiel on December 15, 2022, 06:57:33 PM

Quote from: milewilda on December 14, 2022, 04:58:13 PM

Quote from: jossiel on December 14, 2022, 03:19:44 PM

The concern for trading mostly are for the beginners.

They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it.

Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway.

Just let them be, they would eventually learn up things on the time when they do face up the reality.Most of the time it would really be that hard to make them convinced that they shouldnt really be doing this and doing that.They do really have that kind of confidence deep inside and thinking that they could easily do on what other people been doing and if they do see some good profits then they are easily get hooked up and dive
in right away without having any consideration on what are the risk that they would be facing along the way. Scalping is one of the hardest way on dealing up with the price considering
on how volatile this market is then this isnt something that you could handle specially if you do lack up some skills and knowledge.

Many of them don't even want to hear and follow suggestions so that's what it will be, letting them what it would be.

They can try scalping, day trading or any of what they prefer and still make much losses because it's anticipated for a newbie that they'll never do good when they're still new.

Experience will teach them and will make them decide if they want to continue or not because it's not for everybody's preference to get into trading whether it's just all about scalping.

I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals

jossiel

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Quote from: milewilda on December 14, 2022, 04:58:13 PM

Quote from: jossiel on December 14, 2022, 03:19:44 PM

The concern for trading mostly are for the beginners.

They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it.

Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway.

Just let them be, they would eventually learn up things on the time when they do face up the reality.Most of the time it would really be that hard to make them convinced that they shouldnt really be doing this and doing that.They do really have that kind of confidence deep inside and thinking that they could easily do on what other people been doing and if they do see some good profits then they are easily get hooked up and dive
in right away without having any consideration on what are the risk that they would be facing along the way. Scalping is one of the hardest way on dealing up with the price considering
on how volatile this market is then this isnt something that you could handle specially if you do lack up some skills and knowledge.

Many of them don't even want to hear and follow suggestions so that's what it will be, letting them what it would be.

They can try scalping, day trading or any of what they prefer and still make much losses because it's anticipated for a newbie that they'll never do good when they're still new.

Experience will teach them and will make them decide if they want to continue or not because it's not for everybody's preference to get into trading whether it's just all about scalping.

milewilda

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Quote from: jossiel on December 14, 2022, 03:19:44 PM

Quote from: Sterbens on December 14, 2022, 07:49:27 AM

Yes, that's what I mean, because scalping really has to be entered in the right position, and it won't be easy to do, especially for beginners. I am speaking for beginners here, and the market will not be more friendly for beginners, unless it is a professional trader who is also familiar with scalping. Like you said, when you don't have much knowledge it's the same as gambling by hoping the market will move with their will.

The concern for trading mostly are for the beginners.

They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it.

Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway.

Just let them be, they would eventually learn up things on the time when they do face up the reality.Most of the time it would really be that hard to make them convinced that they shouldnt really be doing this and doing that.They do really have that kind of confidence deep inside and thinking that they could easily do on what other people been doing and if they do see some good profits then they are easily get hooked up and dive
in right away without having any consideration on what are the risk that they would be facing along the way. Scalping is one of the hardest way on dealing up with the price considering
on how volatile this market is then this isnt something that you could handle specially if you do lack up some skills and knowledge.

jossiel

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Quote from: Sterbens on December 14, 2022, 07:49:27 AM

Yes, that's what I mean, because scalping really has to be entered in the right position, and it won't be easy to do, especially for beginners. I am speaking for beginners here, and the market will not be more friendly for beginners, unless it is a professional trader who is also familiar with scalping. Like you said, when you don't have much knowledge it's the same as gambling by hoping the market will move with their will.

The concern for trading mostly are for the beginners.

They're the most risk takers and they think that it's easy to take trades like scalping or any other types of trading. The methods are close to each other but the risk are different based on how they look at it.

Even if they don't know the right approach of it, they'll still go because they've seen someone to be perfectly doing it and they think that it can be just copied anyway.

xSkylarx

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Quote from: Sterbens on December 14, 2022, 07:49:27 AM

Quote from: _BlackStar on December 13, 2022, 08:23:51 AM

Quote from: Sterbens on December 13, 2022, 07:56:38 AM

Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.

Trading with any strategy always carries risks regardless of whether they are experienced or not. No one can escape the risk of volatility but a knowledgeable and experienced trader is always likely to know how to minimize the risk.

In fact, scalping also carries a high risk of losing money, especially when traders do not have good emotional management when dealing with price volatility. The market is never stable, without good analysis and knowledge and a mastered strategy, they are gamblers. Once again, any trading strategy has risks, but these risks can be minimized when traders have knowledge and experience.

Yes, that's what I mean, because scalping really has to be entered in the right position, and it won't be easy to do, especially for beginners. I am speaking for beginners here, and the market will not be more friendly for beginners, unless it is a professional trader who is also familiar with scalping. Like you said, when you don't have much knowledge it's the same as gambling by hoping the market will move with their will.

Scalping is the most stressful (for me) strategy that I've tried because you need to stay on the computer for a few hours looking for the right trade (as it requires a lower timeframe 1min to 10) to check if your indicator meets or your technical analysis state that triggers that trade. Though scalping, I can say that you can earn faster than those day traders, which is why very attractive to newbies but trust me, in the long run, you will prefer day trading as it is very tiring watching the chart all day. However, we have our strategy, so we have our preference, which works for us.

Sterbens

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Quote from: _BlackStar on December 13, 2022, 08:23:51 AM

Quote from: Sterbens on December 13, 2022, 07:56:38 AM

Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.

Trading with any strategy always carries risks regardless of whether they are experienced or not. No one can escape the risk of volatility but a knowledgeable and experienced trader is always likely to know how to minimize the risk.

In fact, scalping also carries a high risk of losing money, especially when traders do not have good emotional management when dealing with price volatility. The market is never stable, without good analysis and knowledge and a mastered strategy, they are gamblers. Once again, any trading strategy has risks, but these risks can be minimized when traders have knowledge and experience.

Yes, that's what I mean, because scalping really has to be entered in the right position, and it won't be easy to do, especially for beginners. I am speaking for beginners here, and the market will not be more friendly for beginners, unless it is a professional trader who is also familiar with scalping. Like you said, when you don't have much knowledge it's the same as gambling by hoping the market will move with their will.

justdimin

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Quote from: _BlackStar on December 13, 2022, 08:23:51 AM

Quote from: Sterbens on December 13, 2022, 07:56:38 AM

Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.

Trading with any strategy always carries risks regardless of whether they are experienced or not. No one can escape the risk of volatility but a knowledgeable and experienced trader is always likely to know how to minimize the risk.

In fact, scalping also carries a high risk of losing money, especially when traders do not have good emotional management when dealing with price volatility. The market is never stable, without good analysis and knowledge and a mastered strategy, they are gamblers. Once again, any trading strategy has risks, but these risks can be minimized when traders have knowledge and experience.

Yeah, risks are inevitable but let's admit it that it's better to use different strategies in trading than only sticking into one. This allows us to stay consistent when trading no matter what the conditions on the market are. Experienced traders are more knowledgeable but this can make their ego go higher. They may also use larger amounts of money within their trades so I won't say that their risk are only small.

Even we all have those positive traits you mentioned above, I think we can't erase the fact that we are still gamblers because the market can still move on their own most of the times. There is no way to predict them accurately.

_BlackStar

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Quote from: Sterbens on December 13, 2022, 07:56:38 AM

Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.

Trading with any strategy always carries risks regardless of whether they are experienced or not. No one can escape the risk of volatility but a knowledgeable and experienced trader is always likely to know how to minimize the risk.

In fact, scalping also carries a high risk of losing money, especially when traders do not have good emotional management when dealing with price volatility. The market is never stable, without good analysis and knowledge and a mastered strategy, they are gamblers. Once again, any trading strategy has risks, but these risks can be minimized when traders have knowledge and experience.

Sterbens

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Quote from: Hypnosis00 on September 21, 2022, 05:37:23 PM

Quote from: awik p on September 20, 2022, 12:11:29 AM

Quote from: Hamza2424 on September 19, 2022, 09:48:36 PM

Scalping is very good strategy as personally i use to follow in scalping user can do better Raik management as compared to the Intradetory. Scalping Decreases the volatility risks of the market sentiments. For now market is dump again i think many of us finding an opportunity as to he more atrong holder somw are excited to take position in trade thats how all this work.

when the market dumps we must be careful in scalping, because once we buy, the possibility of the market going back down will be very open. therefore the discipline of applying stop losses and targets must be maintained. On the other hand, a trader's psychology must be extra strong, considering that the smaller the time frame used, the larger the chart movement will be

Not all the time scalping is good and working well as this strategy is even riskier during the bear season.
Yes, I thought before I could earn a lot of profit doing this but the fees beat me. It was still the best option, especially during this time to use spot trading as the accumulation of fees and commission is quite low than scalping. And also, positioning is also easier for us traders where we can directly put a buy and sell option without moving our coins to another platform.

Scalping must be absolutely correct in the right entry, and really don't forget to always put a stop loss and take profit when scalping. For those who are very experienced, maybe the scalping method will look easier, but I don't think it is for beginners, and even a lot has to be learned in applying this scalping method. Psychological calm must be in good condition, also our mentality must be much more prepared.

Fireebrand

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I love scalping too. But there are several things you need to do in order to scalp successfully: first, find good currency pairs to trade. You want pairs that are moving relatively fast, with low spreads between bid and ask prices. Second, set up your trading account so that you can easily buy and sell currencies.

Topic: Scalping, my best trading strategy - page 2. (Read 821 times)