Scalping, my best trading strategy - page 4.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: odunybiz on September 08, 2022, 03:54:25 AM

Scalping may be a good option for traders with ~~little crypto trading experience~~.

That's a wrong submission. In fact, a very wrong one that should be discouraged. Whether scalping, day or swing trading, there should a deep grip on set skills for trading. Otherwise, one will end up gambling away one's capital.

Quote

Scalping comes with low risk when compared to day trading.

This again isn't accurate. Perhaps, you're just starting out in trading. Every old hand will tell you that Day trading gives one an ease better than what happens with scalping. There's much risk (unnecessarily too) in scalping than in others. Again, scalpers tend to make much profit in commission for brokers/exchanges than day traders because of their numerous executions of trades. At every trade entry point, commission is charged.

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: TelolettOm on September 08, 2022, 07:44:07 PM

Quote from: odunybiz on September 08, 2022, 03:54:25 AM

CONCLUSION
Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

I really do agree with this conclusion. We cannot blame someone who is doing day trading/scalping / holding / or other techniques. As long as they enjoy it and also take profits from their own strategy, it is better than following their strategies and meeting no high profits, roght?
Scalping is not easy, that is why when I read your post and you said that you enjoy and get much money from it, I really appreciate. This needs special and good skill and ability to consdier and analyse the market very quickly. Because as we know that scalping also has very high risk. Once we are too late, we may lose much

It is better to create your own strategy because it shows that you are hardworking not unlike to those others who are lazy and will only depend on others' ability. What if one day their source wont be available anymore. what they are going to do? They are doomed but I think that's the time that they will start to create their own strategies, if they really have a passion in trading.

Even though op said that scalping is easy I think I will agree with you more when you say that scalping is not easy. Maybe he can say it because this works better for him than day trading and he already built an experience from trading but for someone that is still new, they may distance from this for a while.

Luzin

hero member

Activity: 1400

Merit: 770

Quote from: Ziskinberg on September 10, 2022, 08:06:00 AM

let's say $200-$300 a day is more profitable than holding and waiting for the huge pump.

It was amazing, it was huge for me. It seems that I haven't been able to get that much in one day. But I realize trading is not my main job, maybe it is suitable for full traders. I trade sometimes at the end of the day, or when I really feel like I have free time. Most of the time I choose holders although there are some that I use for scalping.
There are actually a lot of techniques that I learned, everyone can learn that. But in the end, wearing one that is considered to provide advantages and conveniences is the best choice. Because at this time I try not to be too greedy, because there is health to take care of. Because I also have other basic jobs.

Ziskinberg

hero member

Activity: 2926

Merit: 636

For campaign management look for Little Mouse!

Quote from: odunybiz on September 08, 2022, 03:54:25 AM

Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

That was it supposed to be. Because even to say that scalping is profitable for you, but might be different from other traders. Yet, those who could just accept a small profit will take this option and make some good plays because, in the scalping strategy, we take every price increase as an opportunity to earn small amounts of profit. of course, some people will appreciate that idea but wanted more but they never know that earning -let's say $200-$300 a day is more profitable than holding and waiting for the huge pump.

GreatArkansas

legendary

Activity: 2338

Merit: 1354

CoinPoker.com

Quote from: lalabotax on September 09, 2022, 05:46:31 PM

~snip~Being a scalper in the crypto market is indeed very difficult I have done this and I failed because the decision-making must be at the right time. Commonly we are failed in deciding the time of transaction and also the time to take profits.
I do believe that the OP really has his own strategy for why he is abe to get profitable and successful doing scalping, with his own experience, he is good in his own ways.

If you have a plan at the beginning of your trade or the time you decide to open a position, there will be no problem at all. This is also a part of risk management, where you plan or decide your target price and stop loss.
But I think I feel you because sometimes we decide to take profits too soon or too early and that's sometimes a tough decision but if you just stick with your plan, it will be good for sure.

kamvreto

legendary

Activity: 1946

Merit: 1157

Undeads.com - P2E Runner Game

Quote from: lalabotax on September 09, 2022, 05:46:31 PM

~snip~Being a scalper in the crypto market is indeed very difficult I have done this and I failed because the decision-making must be at the right time. Commonly we are failed in deciding the time of transaction and also the time to take profits.
I do believe that the OP really has his own strategy for why he is abe to get profitable and successful doing scalping, with his own experience, he is good in his own ways.

Deciding where we should take advantage of is a very important final part. when the target price has been reached and we can see a profit, but we don't take it and just look at it. but when the price starts to fall and continues to fall we panic to make a sale. The final decision to determine the profit is very important. or it uses a scalping strategy, swing trading or other strategies it all depends on the final decision.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: justdimin on September 09, 2022, 05:32:25 PM

Quote from: ethereumhunter on September 09, 2022, 09:56:59 AM

Scalping is another method in trading to make a profit but it needs to have enough skills to analyze fast what happens to the marker. If you are late analyzing the movements, you will buy or sell at the wrong price and lose the opportunity to make a profit. So, every trader must have their way of making a profit because we have different methods to earn money from trading. If @OP can do more with the scalping trade, that does not mean other people can do the same unless they have the skills to analyze.

The last sentence is the most important one. I agree that it is a great way of trading and making money if you know what you are doing, but if you do not know what you are doing then it is not going to be that much of a great thing.

Best thing about trading is that if you know what you are doing, then you could literally stay at home, in front of your PC, have fun and make a living out of it, the easiest but also most stressful job but definitely something people would prefer over their own job, because going to office is usually horrible, staying at home is amazing. On the other hand if we are talking about a newbie trader, this will definitely be something wrong and would take a long time to master.

Yes, I also agree that novice traders need time but it depends on how they can learn to understand the trade. In addition, we can also use the cellphone to start trading because I sometimes use the cellphone to trade when I am not at home. It allows us to trade wherever we are. But it's better to trade at home so we can stay focused on analyzing and looking for opportunities to choose the coin.

Trading is not easy but as long as we desire to continue to learn and practice what we have learned, we can trade well. It can also be said to be working from home as most people work in their offices.

lalabotax

full member

Activity: 1498

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: samcrypto on September 08, 2022, 07:28:48 PM

Quote from: odunybiz on September 08, 2022, 03:54:25 AM

CONCLUSION
Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

What work to other might not work for you and this is why it's very important to have your own plan and strategies on how you approach the market.

Indeed, we can say that one strategy is wrong and others are true as long as we know how to deal with the strategy itself. This may be different if someone chooses one strategy in the crypto business without any knowledge and ability, only following the other people's decision without any DYOR.
Being a scalper in the crypto market is indeed very difficult I have done this and I failed because the decision-making must be at the right time. Commonly we are failed in deciding the time of transaction and also the time to take profits.
I do believe that the OP really has his own strategy for why he is abe to get profitable and successful doing scalping, with his own experience, he is good in his own ways.

justdimin

hero member

Activity: 2968

Merit: 670

www.Crypto.Games: Multiple coins, multiple games

Quote from: ethereumhunter on September 09, 2022, 09:56:59 AM

Scalping is another method in trading to make a profit but it needs to have enough skills to analyze fast what happens to the marker. If you are late analyzing the movements, you will buy or sell at the wrong price and lose the opportunity to make a profit. So, every trader must have their way of making a profit because we have different methods to earn money from trading. If @OP can do more with the scalping trade, that does not mean other people can do the same unless they have the skills to analyze.

The last sentence is the most important one. I agree that it is a great way of trading and making money if you know what you are doing, but if you do not know what you are doing then it is not going to be that much of a great thing.

Best thing about trading is that if you know what you are doing, then you could literally stay at home, in front of your PC, have fun and make a living out of it, the easiest but also most stressful job but definitely something people would prefer over their own job, because going to office is usually horrible, staying at home is amazing. On the other hand if we are talking about a newbie trader, this will definitely be something wrong and would take a long time to master.

BitcoinPanther

hero member

Activity: 1918

Merit: 564

Quote from: dothebeats on September 09, 2022, 05:21:32 PM

Scalping can leave you stuck in a position for a while if you don't want to take the losses. Unpredictability in crypto price movements make this strategy somewhat risky. Sure, you will only aim to take profits in a small window, but does the trade give you positive results, with the trading fee already accounted for? It's not as easy as it sounds. The trader also needs to account for other factors before considering to scalp. This works on high volume markets, but you have to make sure you are using a decent amount to trade to allow for a faster exit on price appreciation.

AS far as I know there are different factors that renders scalping effective. The high volatility, the high price gap between buy and sell orders and the knowledge of the traders. Sure this kind of strategy is risky but all strategy have risk, even the long term holding is risky since everyone doesn't know the possible future of the market, its only that the risk factor here is executed in short frame of time but I bet those who are familiar with this kind of trade can easily make a profit out of the market volatility.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Scalping can leave you stuck in a position for a while if you don't want to take the losses. Unpredictability in crypto price movements make this strategy somewhat risky. Sure, you will only aim to take profits in a small window, but does the trade give you positive results, with the trading fee already accounted for? It's not as easy as it sounds. The trader also needs to account for other factors before considering to scalp. This works on high volume markets, but you have to make sure you are using a decent amount to trade to allow for a faster exit on price appreciation.

Symmetrick

hero member

Activity: 520

Merit: 11957

Quote from: Mahanton on September 09, 2022, 04:47:01 PM

Scalping is indeed the hardest type of trading on which someone could able to make use because majority will really be sticking on that swing/trade or long term types which it is really just common sense that this would be the most easiest way to trade on.If someone do says that he could able to maintain and sustain on making profits with scalping then good for him/here yet this kind of method is something that anyone could pull on
and even myself had failed how many times on tending to make out some short trades or make out scalps on 5-15m timeframe which we could really say that dealing up with a short time with the market is very
challenging because volatility will really be your main opponent at the same time it would be your friend because it is the reason on why you do make money on it.

Price spikes really turn scalping into an almost unpredictable trade that sometimes resembles a game of roulette. I've never lowered the timeframe below 5 minutes, but I've met crazy people who try to predict the overall market sentiment based on 1 minute timeframes. This is pure madness, such a chart will never show anything that closely resembles the reality of what is happening in the market. Another problem with scalpers is that they try to trade high volatility for a short period of time and set stop losses in a very narrow range. I even heard crazy stories about placing a stop loss at the place where the trade was opened. And this is with scalping. Madness.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: Symmetrick on September 09, 2022, 03:38:15 PM

Quote from: odunybiz on September 08, 2022, 03:54:25 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

You have some illusory ideas about the most difficult type of trading, like scalping in particular and day trading in general. In trading, the shorter the timeframe, the greater the risk and the more difficult it is to make a profit at a distance. I agree that in the short term, scalping will bring profit much faster, because the wait between buying and selling is shorter. But this is on the example of one transaction, and if on the example of statistics, whether it be 6-12 months, then this type of trading leads to losses, because statistically you make many entries into the trades. And the more trades, the greater the risk for losing funds. This I think is understandable. Scalping is only suitable if you have a well-honed strategy with large collateral and good signals to enter/exit trades. As a rule, beginners do not have this, and therefore they lose money very quickly in scalping.

Scalping is indeed the hardest type of trading on which someone could able to make use because majority will really be sticking on that swing/trade or long term types which it is really just common sense that this would be the most easiest way to trade on.If someone do says that he could able to maintain and sustain on making profits with scalping then good for him/here yet this kind of method is something that anyone could pull on
and even myself had failed how many times on tending to make out some short trades or make out scalps on 5-15m timeframe which we could really say that dealing up with a short time with the market is very
challenging because volatility will really be your main opponent at the same time it would be your friend because it is the reason on why you do make money on it.

Silberman

legendary

Activity: 2492

Merit: 1332

Quote from: odunybiz on September 08, 2022, 03:54:25 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

This is my best method of trading and I have been making successful trades with this method.

NOTE: This isn't a financial advice.

CONCLUSION
Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

If you are making money with this strategy then that is fine, however I will have to disagree with you that scalping is a good option for traders with very little experience, scalping is most often used in very short time frames, this means that your decision-making abilities have to be top-notch in order to perform your strategy as you should, and this is something that can only be done by traders which have a lot of experience already with their system, otherwise the chances you will make a mistake will be too high to be profitable while trading in this way.

Symmetrick

hero member

Activity: 520

Merit: 11957

Quote from: odunybiz on September 08, 2022, 03:54:25 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

You have some illusory ideas about the most difficult type of trading, like scalping in particular and day trading in general. In trading, the shorter the timeframe, the greater the risk and the more difficult it is to make a profit at a distance. I agree that in the short term, scalping will bring profit much faster, because the wait between buying and selling is shorter. But this is on the example of one transaction, and if on the example of statistics, whether it be 6-12 months, then this type of trading leads to losses, because statistically you make many entries into the trades. And the more trades, the greater the risk for losing funds. This I think is understandable. Scalping is only suitable if you have a well-honed strategy with large collateral and good signals to enter/exit trades. As a rule, beginners do not have this, and therefore they lose money very quickly in scalping.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: ?? on ??

most dangerous or not it depends on how you do it. If you do the scalping technique with the All in method without any money management it will be very dangerous, because fluctuations with low time frames will be faster. But if you have thought about what strategy you use and there is a share every time an order is placed, it will be safer. and most importantly there is risk management and stop loss to overcome the cut loss.
Everything has a way and most importantly your trading psychology must also be trained. Do not trade if you are not ready and fully aware of the methods you are using.

Tell him that DCA is very useful especially as an advanced option when the price trend changes rapidly. Scalping is not recommended for those who do not understand how to do analysis, especially technical analysis. Scalpers shouldn't just rely on the hype for quick profits, it's really a very risky move in my opinion.

As a trader and trading mentor for group members, I think you know a lot of things that can be used as references for novice traders. Trading strategies are useful, but having financial management and risk management is a must for each strategy.

Peanutswar

legendary

Activity: 1498

Merit: 974

Top Crypto Casino

Well, it depends on the statement of the OP in the last part it will depend on the traders what time frame they want to commit trading is like part of the daily routine if you are not well in that particular day and not good to make a decision don't commit a trade always consider your feeling in trading because this might affect your decision making. If trading with a day trade it really takes a lot of time before execution to prepare. If you are a trader with a smaller time frame you need to make sure to ride with the market volatility.

ethereumhunter

hero member

Activity: 2856

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Scalping is another method in trading to make a profit but it needs to have enough skills to analyze fast what happens to the marker. If you are late analyzing the movements, you will buy or sell at the wrong price and lose the opportunity to make a profit. So, every trader must have their way of making a profit because we have different methods to earn money from trading. If @OP can do more with the scalping trade, that does not mean other people can do the same unless they have the skills to analyze.

AicecreaME

sr. member

Activity: 2324

Merit: 454

Scalping or any kind of trading in cryptocurrency needs technical analysis, for you to maximize the profits you're looking to have every trade. Scalping is risky as well, and it's not suited for people that's indecisive, or having second thoughts always, because it is a type of trading that uses a very short timeframe to close a trade, if you hesitate to close trade, you'll lose couple or hundred of dollars depends on your leverage and how much did you put.

Scalping only has small profit every trade, but if you'll sum it up at the end of the day, the total profit is still good.

palle11

sr. member

Activity: 2310

Merit: 332

Quote from: tranthidung on September 08, 2022, 06:29:31 AM

If you can identify a price channel, you can use scalping well.

However, you should identify that it is a good period for price to move within a channel. You should avoid times when the market is moving closely to a changing point. Either it moves up or moves down dramatically at that point, you will get a loss (if it falls dramatically). You should avoid such times and don't hope that price will break out upside and brings profit to you. It's risky.

Those channels areas are called breakouts areas if I understand what you are saying and they are not advised for scalping because it gets volatility if the breaks are taken out. So I agree that such channels are to be avoided by scalpers. Trading is better done with indicators which gives better view of scalping position.

Topic: Scalping, my best trading strategy - page 4. (Read 821 times)