Scalping, my best trading strategy - page 5.

TelolettOm

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

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Quote from: odunybiz on September 08, 2022, 02:54:25 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. Many are just copying the strategy of others and most of them failed with their trades simply because they don't have any fundamental analysis on that strategy and they just copy it without understanding the risk of it. Scalping is good, if you have money and enough to create profit in just a short period of time or on a daily basis, scalping might be the best option for you.

Oceat

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Just like what you said, every trader should have their own strategy and what works for you might not work for the others. So, it depends if they're gaining profit then it's working but when it's not giving any profit anymore and is keeping you lost then I think you don't have to stick with that kind of strategy anymore. Besides, scalping is not just the trading strategies that are present it just depends on someone if they have to try a different one although it takes some time to master it. Keep trading and keep practicing what strategy you will need someday.

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Quote from: goaldigger on September 08, 2022, 05:19:39 PM

Quote from: Kelvinid on September 08, 2022, 05:14:09 PM

Perhaps, scalping is a good strategy for some people especially those who really spend a lot of time on the computer. If you are already satisfied with the small amount like accumulating $100 profit a day, I would say that scalping is truly at its best during the bear season.

But anyways, it is how we choose what kind of strategy we followed in trading and it is very important that we know where we are able to excel and make ourselves comfortable. There are a lot of strategies and yet, not all of them will seem it work for us.

That kind of profit everyday is very decent already, though it may took a lot of time but if you have more free time everyday, that can actually work for you. Having your own strategy as a trader is a big factor here, scalping might not still work if you trade disorganized. A lot of different approach and strategies that you can actually use in order for you to succeed, don’t be scare to try any because that’s for your own benefit.

^Stragies!
That is right, but I will not follow my strategy once the result simultaneously losses, you can change it into another once it will not work.
Scalping is good when the market experienced a bear season, though day trading is very risky and this strategy will work on your side even though if you only profit a small portion but it has consistent results, that is fine. There is no trial and error in trading, everything involves money when you are there so, it is wise to say, gain knowledge first before you will go into actual trading.

goaldigger

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Quote from: Kelvinid on September 08, 2022, 05:14:09 PM

Perhaps, scalping is a good strategy for some people especially those who really spend a lot of time on the computer. If you are already satisfied with the small amount like accumulating $100 profit a day, I would say that scalping is truly at its best during the bear season.

But anyways, it is how we choose what kind of strategy we followed in trading and it is very important that we know where we are able to excel and make ourselves comfortable. There are a lot of strategies and yet, not all of them will seem it work for us.

That kind of profit everyday is very decent already, though it may took a lot of time but if you have more free time everyday, that can actually work for you. Having your own strategy as a trader is a big factor here, scalping might not still work if you trade disorganized. A lot of different approach and strategies that you can actually use in order for you to succeed, don’t be scare to try any because that’s for your own benefit.

BitcoinPanther

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I always do scalping whenever I see that there is a good gap between the buy order and sell order. The only problem here is if we don't have bot, it would be a hard thing to compete against a bot that is programmed to scalp. It is hard that way but it is still doable. It would greatly help if scalping is done through bot program.

Quote from: Johnyz on September 08, 2022, 04:36:38 PM

Scalping can be more risky than to trade longer since this is still trading.
Small profit everyday is good as long as you consistently follow that trading strategy. I agree that every trader should have their own techniques and strategy that can work with their own timeline. Trading can be more profitable as long as you remain discipline.

True scalping is risky especially when the market flow suddenly change and surge right after we sold our coins. It rarely happens though since the market often times fluctuates in the same range when there is no news of FUD or HYPE around.

GxSTxV

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You didn't mention that scalping also is the most dangerous and risky strategy for your capital because you will be using a big lot and amount of your capital in order to have a good daily profit. I have been scalping in forex for a very good period of time and i was risking too much. I couldn't really follow technical analysis due to volatility market

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Perhaps, scalping is a good strategy for some people especially those who really spend a lot of time on the computer. If you are already satisfied with the small amount like accumulating $100 profit a day, I would say that scalping is truly at its best during the bear season.

But anyways, it is how we choose what kind of strategy we followed in trading and it is very important that we know where we are able to excel and make ourselves comfortable. There are a lot of strategies and yet, not all of them will seem it work for us.

Johnyz

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Scalping can be more risky than to trade longer since this is still trading.
Small profit everyday is good as long as you consistently follow that trading strategy. I agree that every trader should have their own techniques and strategy that can work with their own timeline. Trading can be more profitable as long as you remain discipline.

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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

I don't think scalping is good for beginners. Sure they will understand how buy low sell high thing works but the accuracy of them profiting by short term trades is uncertain since most newbies can't read or make their own charts. Charts is for me effective even in doing scalping, it is nice to have a basis on trades even if it's on short term. I've been doing a scalping as my trading technique before and it drains me honestly. I prefer doing trades now on higher time frame since the profit there is bigger and it cost not much effort as scalping.

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

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

Scalping is similar to day trading, but certainly not the same. Scalping can be done in minutes to several hours while day trading can take up to a whole day and traders usually do it every day. From the level of risk scalpers are those who are faced with high risk because the capital they have tends to be higher, the reason is that it is not done every day so maximizing opportunities is the main goal.

There are two things I disagree with in your statement.
1. Scalping risk is lower than day trading.
2. Do it every day.

Maybe you can do it every day, but I believe you have to be smart enough to find high volatility assets with technical analysis. The risk is much greater if you are actually playing with non-potential assets between the pump and the dump.

The Cryptovator

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I think you are talking about taking advantage of the pump and dump. Short-time trading and taking advantage of the price of normal up and normal down is called day trading. Scalping is riskier than day trading. I have seen some Telegram signal groups give signals for Scalping. From there I noticed some people become gainers and some people lost money. So for beginners, I do not prefer Scalping. Even I do not follow slapping I just like normal trip old for short time get profit and take out money.

palle11

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

Scalping comes with low risk when compared to day trading.

I don't believe this is exactly the real or idea feeling. Scalping is not a low risk trading strategy. Just like day trading, swing are all risky. For a scalper who wants to quickly take scalping profit can be hooked and so it is also risky and not low risk
.

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

Scalping is best done in a ranging market.

I agree so because ranging market is slower in volatility and that is good for scalping

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

Sticking with what works is a good way to trade, don't change a winning strategy.

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Quote from: Asiska02 on September 08, 2022, 08:04:18 AM

Scalping might be great for you and you find profit in it more than any other form of trading. Maybe because you are putting risk that is involved into consideration, that is why you are just inclined to it, which is a very good attribute of a trader. As a vast analyst or a more technical trader might see it, it is not profitable enough to put risk into consideration over a short time trading. You have to take more risk in order to become a better trader to earn more profits. The best strategy is not to focus just on one type of trade. Scalping is a good idea for a beginner. However, diversifying into different types of trading is very more important as time goes on.

Scalping is not for beginner traders too, any slight mistake could result to loss. It is possible that the price the position is opened may not be riched again and money liquidation is possible. Scalpers also risk more than day traders, they believe in just little price movement, the reason they risk more. I am not saying scalpers should use more than what they can afford to lose.

Either someone is a day trader or a scalper, there would be preference. But some traders can still believe in their analyses and that the market would turned back for good into their direction and that they will later make profit. Such scalpers risk less, have very low leverage and they can turn a position opened which they want to scalp before, but turned into day trading.

If a trader want to diversify, he should hodl.

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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

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.

I have a different view about scalping, where this technique is actually the most dangerous, considering that we use a smaller time frame to analyze the market through technical analysis. with a smaller time frame, of course, we will get more opportunities to transact, and of course not all transactions are successful, and when the analysis is wrong, are we willing to cut losses. sometimes this happens a lot of mistakes, in that situation we still hold on to it and finally the market goes down further and we are trapped

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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

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.

- A sorry friend and I will contradict what you said that scalping is less risky compared to day trading. You are wrong in this matter because first of all, they have the same risk, but when it comes to the level stage of risk for me it is high in scalping. Why? because if you don't follow its movement in its chart graph in the exchange, you will definitely lose a lot of your assets.

Unlike day trading, at least, even if you don't go along with its movement, you can still make money, as long as you have a good set-up of buy and sell orders. Although you still need to analyze it in order to get a good income.

But, if you find scalping easy, it's better to stay there and focus hard on that method as a trader.

Asiska02

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Scalping might be great for you and you find profit in it more than any other form of trading. Maybe because you are putting risk that is involved into consideration, that is why you are just inclined to it, which is a very good attribute of a trader. As a vast analyst or a more technical trader might see it, it is not profitable enough to put risk into consideration over a short time trading. You have to take more risk in order to become a better trader to earn more profits. The best strategy is not to focus just on one type of trade. Scalping is a good idea for a beginner. However, diversifying into different types of trading is very more important as time goes on.

Eternad

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Provide your trading result so that your records will proved that this strategy is best for you. Most of the user here know what is the general principle of scalping since it’s available on the internet while your post contains only personal opinion on how this method works.

It will be a great contribution in the forum if you can provide your actual output including your setup and result so that we can learn to your successful experience on using this strategy.

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

True.
If scalping works perfectly to you then stay to it and be more consistent. Whilst for the others, this may not fit them as they are more patient and could wait a little bit longer before taking a profit. It also depends on the timing in the market if you're intending to scalp but then due to the market situation, you're required to wait more and that's where it's leading you to wait longer.

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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.

Topic: Scalping, my best trading strategy - page 5. (Read 821 times)