Bitcoin Forum

I learned how to scalp crypto-currency and I do it well. I'd like to learn a new system. What do you suggest?

I'd learn automatic trading :)

Scalping is definitely the hardest type of trading yet it do involves active time to trade plus having a good decision making in all sorts of movements.

-Scalping/Hedging
-Swing/Trend based trades
-Long term

These are few but if i were you,better focus on scalping.

If scalping is definitely the hardest type of trading, maybe we should not focus with it if we're a busy person because time very valuable and we need to set aside some points that we use it on some important things on our lives. Better choose those mentioned three trading suggestions, and what I recommend is long term trading. That's easy, you can choose those promising coins then store it safely in your confidential wallet and hold it until such time the price increase its value.

If you interested to know the trading method or you need to know about the good profit method of trading. Scalping also one of the right method to gain some good knowledge and if you are a active trader you maintain the same platform. But this is your entertainment you can concentrate long term investment because anytime market pump and dumps are happen. I think you know about the tricks of scalping so you manage any duration of market.

simple method: Greed, excitement, euphoria, panic, or fear, should not be included in the traders' calculations. Excessive emotions can cause massive losses. This is where a trader must be able to avoid negative emotions in him.

Panic traders is always correct also if they gain extra money from their coins its better to sell early than loss for 50% of your investment it is very hard to predict prices if they don't have control the market.

A scalper can get his enjoy on that method and success in trading, perhaps it will be difficult in other method such as long day trading or the longest trading which is called investment. Scalper behavior usually expect quick result, this behavior should be adapted to other trading method. However if you want to learn new one, I think it is not a problem anyway just for learning. Just add trading period to be longer for learning long day trading rather than short time in scalping method.

I don't know what scalping is but trading between support line and resistance line has been the best case of trading for anyone in a long time. You can check what the support line is and what the resistance line is from the charts and also the buy orders and sell orders on big trading exchanges and when you figure that part out you just have to sell at resistance level (a bit lower) and buy at the support level (a bit higher). That has been my favorite in a long time.

Plus, if you have enough bitcoins to your name and if you can gather couple of your friends with you pump and dump is not that hard on low volume coins, all you have to do is find one that has just enough community and volume and get in it and then start to buy some slowly, then claim you did it and will do more and keep doing it, everyone will start to buy to join you and not miss out and then you can sell.

Scalp trading is a quick and fast way of earning in small amounts. So after a Buy is confirmed, traders next move is to monitor the price for an easy money  based on small movement of a coin. I use to do this when I was new. I observe which coin very active and moves a lot then place a buy order, I'll just wait for the price to hit my target and sell.

If Op was able to make money with scalping, I don't think OP will have a problem with other ways to trade because selecting a coin to buy itself in scalping is hard.

I agree with the selection of coins for scalping strategy is not easy but the change in technique from scalping to long day trading is also not easy because it needs some adjustments, especially in addition to analysis, namely psychology aspect and risk management. Usually scalping traders want to profit quickly even if not big, but if changed to long day trading must change the behavior to wait in much longer time for bigger profits.

absolutely right, traders who always experience panic are one of the factors that make prices go up and if it declines it will sink further. And what we have to learn is how to overcome that panic.

It is good you learn long term investments which is less in risk compared to scalping. I have done that in the past and scalping is too risky to me and it seems no much different with gambling. If you really want to share the profits from cryptocurrencies market then you should invest and hold for a very long-term before thinking of taking profits.

I'd suggest getting into swing trading next. A number of people I know think swing trading's more dull than scalping or daytrading, and that's true, but you won't need to spend as much time on a swing trade and you can make very nice profits from this style of trading with time. I used to scalp every now and then as well, but I've mostly switched over to swing trading recently. It's definitely different from scalping, but shouldn't be too hard to pick up.

I need to learn the leverage trading because it will be like a difficult one to trade but it will give a huge profit for everyone that's why I think I need to trade it.

Just simply go on with the list of trading methods around then choose from yourself what's the next.

You like to learn new knowledge about it so no need for suggestions from us since it will not change the fact that you are bound to learn all of them.

We have different preferences and comfortability about a certain strategy so find your own.

Hat is good mate, and I am glad you are doing well, now that you have found something you are doing very well and succeeding it, what you should be after now is to focus more on that, because I believe whatever you are achieving now through scalp trading still not the best, you still need to explore the best and get better.

Instead of looking for a new system, it will be better for you to perfect this one and concentrate on getting the best out of it, if you dip your hand into too many trading strategies, you might get carried away and starts failing in the one you have already built. Continue with this strategy and perfect it.

Scalping is a good method to get some knowledge about trading.At first you should choose ,long term trading or short term trading.
And you should choose the cryptocurrrency based on that. If you choose the short term trading,you can choose the bitcoin.
Instead you choose long term trading, Ethereum is the best option to inverse your money.

If you are good in scalping like you say and this is one of the most demanding types of trading why would you look for something else? If it gives you profit stick to it.
And if you are really eager to try something new then long term trading might be the aswer. It's not so exciting but you could combine these two.

that's still not enough. You should practice yourself with high, disciplined virtues, always working on principles and learning more about how to analyze the value of businesses.
These are the qualities and experience needed for you to have a good trading journey in the future.

If you want to learn more about trading you can use this forum to find or search some method of trading because theres a lot of useful thread you can read and gain knowledge to trading good to hear that you learned how to scalping cryptocurrency this is the best strategy in trading industry, you can next to understand how to make technical analysis for long term method.

There are many trading strategies, you can try any of them. I also traded on the scalping strategy, but now I do not do it. It took a lot of my time. So now I make a few deals a week, it's more convenient for me. You can also choose the most optimal strategy for you, depending on your free time and desire.

YouTube helped me to choose different trading strategies. I often watch videos of different traders and trying their trading strategies. You can do the same. It will be clearer.

Finding trade references is indeed very free for anyone from any source, although it is quite reasonable, I only often read articles from people who might be well-known and professional for me and whatever happens to myself how to process that method into something very good because anyone can make any strategy, basically don't be lazy to read and learn more about the crypto world because this is a very useful investment in the future.

If you're done mastering the scalping, then you may also try to check these:

1. Day Trading
2.Position Trading
3.Swing Trading

These are the three strategies that the traders would want to master beside from scalping. I tried to look for an article to describe the strategies and here is what I had.

https://www.investopedia.com/articles/active-trading/11/four-types-of-active-traders.asp

I hope I was able to help.

I think you are right. You reminded me that part of my scalping strategy is "don't jump from system to system". Guess I should stick with what already works well and build upon it more. Thanks everybody!

It does not matter what trading system that you sue, once you get the basics and think that you are able to make consistent profit and you know how the market works you could easily get into any trading method, there is no one trading method that is going to always give you profit, but for the crypto market where it is always changing you have to adept to it and change you ways as well.

Anyone can do any kind of crypto trading methods all you need to have the proper knowledge. If you have enough patient to wait for your profit and have enough time to execute your plan even when the market is down is going to make you for profitable.

I suggest you to try short term trading and make more profit then long term trades.

You can try short and medium term investments. I think they're safer than scalping. Therefore, if you have mastered scalping, then such investments will also be very easy for you to master.

You started with the wrong method. Scalping is good in traditional markets or forex and not so good in crypto.

Swing trading is probably the best method and the other one is simply buying the beart market. All cryptos offer a very nice opportunity in every big bear market and this one wasn't an exception. I bet that if you bought at any time between January and March of this year you'd have more money than you have from scalping.

That's certain idea mate, any trading strategy can be effective depending on the asset that we have. Any method can be applied as long as you're capable in handling with the funds that you had, because once you cannot sustain I think panic will start to occur. Bear market isn't a bad thing that happened in crypto, we should embrace it and take that opportunity as a biggest chance to do trading at your own freedom as well. Use your money wisely, buy promising coins during the dip and sell at high, and trade using long term strategy.

Agree with that and I think mostly trading starters have used it. It is the best option when you are still learning which from that strategy you can gather more ideas and what strategy you used in a certain trend knowing the fact that we can't be in bear season all the time nor to be at the bullish season. Tried to take advantage at this time since prices are still preparing for a long bull run(hope so), then he'll be profiting in the coming days.

You should learn margin trading also. This is very helpful for a trader specially when the market is bearish. By this trading strategy, you'll be able to take profit when the market is not bullish. This is not complicated to learn, you may learn it easily either through watching a youtube tutorial or reading an article. For more questions, there are reddits, bitcointalk, etc. to help you out.

No, I disagree with your point of view. Because there are many professional traders who have been bankrupt because of margin trading. For new people, they should not learn margin trading, because their experience is not good enough to make a profit there.
They should continue to practice and experience.

The OP said that he's doing well in trading thus it sounds like he's experienced enough. Thus, we can say that he bascially has a knowledge in crypto and open to learn for new ways in trading.

If you will plan to learned and practice this type of trades, you also needs to learned to control your emotions and how to take the risk responsibly,
margin trading is easy for those who loves to gamble and have a good anticipation skills, as the expected result can be much quicker than waiting for your short term trades.

There's a lots of trading practices which are available around, find one that will really make you more interested to enhance for better trading experiences.

No matter how knowledgeable or pro a trader is, margin trade is really a dangerous trading tool that any reasonable trader should never endeavor to risk, the risk involved is too much than the benefit of it.

Let’s take a look at the Chinese man that committed suicide recently because he lost his money which is about 16 million dollars into trade, what took him to his early grave was margin trade, would we say someone who is not a pro trader will risk such amount of money without knowing how to trade professionally? If he had just traded normally without leveraging his trade, now that Bitcoin is increasing again, he would still have at least gained about 5 percent increase by now, which is also lots of money.

If you feel comfortable to use scalping strategy when you trade then you should be focus on it. The perpose of trading is you can get profit from every trade you made, you don't need a lot of strategy because it will make you confuse. I have found an article which created by an expert trader and from the article I learned that every trading strategy will never be the same between one trader and another trader. You have to make or you have to choose a strategy that makes you comfortable and you have a confident that the strategy will give you profit from every trade you make. Just focus on your strategy moreover you wonted to get profit from it.

I have heard about it a lot, but I have not yet met a one, who uses this automatic trading. It can be easy and it can save time, but I do not trust this method. It is better to make a choice yourself, picking alts.

It seems to me that only with the device on the cryptocurrency market, when it will not be worried because of what, it will be possible with the help of certain commands to set the minimum and maximum terms, as well as the volume of orders.  Thus, you can not sit at the monitor all the time and do not control the fluctuation of prices for your assets.  As the saying goes, do it yourself.

I think if you are more interested in trading you can do the day Trading properly in all the time it will be more profitable for you and give income very frequently for your life again and again but you need to be more careful and away with lots of interest then only it is possible to be a successful one

You now only need to jump into trading and you can determine the trading method to determine profit. this is important and you can learn this slowly so that when you are in a trading position, you can always get a profit

Same method might apply for our trading ways, you should have improved for an additional techniques just to master your decision making. Too rush on your choices cannot be sustainable if you don't plan things right on how to trade your holdings better. Specifically we're looking forward to current chart that serves as reference guide for all traders who finds background checking of all crypto.

Yeah mate that's right so meaning trading is depends on the time availability of those people want to invest in trading for those people have not enough time to monitor the market is better to choose long term trade than to focus day trade or scalping tading.

There are many trading strategies you can learn, there are many strategies to read the market direction on the chart, starting from Fibonacci, Elliot and so on. and learning about it, is not enough in just a short time, there are many things you have to learn to become an expert

Sometimes I can`t believe what people wrote! Why would anyone change the winning strategy? If it`s going good, by OP`s words, if he is doing that good, by his words, why would he want to change that? Continue with that, make money as long as it`s possible, don`t change anything. Only add holding by that, easy strategy, buy and hold, and continue with your winning strategy as long as you are winning.

If you have learned this, I think it is more than enough for a beginner, it would be better if you learn other things in the longer term. Do you have a reference where did you learn scalping?

I tried a few times but it never worked

Since you know how to do scalp trading, try margin or leveraged trading. But remember to always set stop loss and use technical analysis for your basis. Just like scalping, you can actually earn profits if you know how to read indicators and charts. Try it at your own risk.

You should learn how to perform technical analysis for your next trade and what signals in this analysis method provide. Although the results are not as effective as in the global markets, it is important to remember that there are some good signals in this market and the opportunity to obtain a good profit margin. Also, when you have a good knowledge of these indicators, you can explore various earning opportunities yourself without anyone's help.

I read a few articles about scalping online and I read a few books. I already had a Binance account with a small account balance so I began actively scalping at Binance while designing my own method and set-up, etc. It grew from there. I never practiced with fake money. While using a small account balance I made a lot of errors and learned how to correct the errors one by one. It took some time and money for practicing until I got a strong method, then I deposited more into the balance. I keep building it as time goes on.

I started with making $5 or $10 trades. Now I make larger trades. $50, $100, sometimes $1000 scalping trades.

Good for you, scalping is for the strong heated and I think you are quite strong doing this,I also do scalping, but I did not learn with money first, I learnt with demo trade and started scalping with it until I got better, I must confess that I have not really lost since I have been doing scalp trading, but I think the reason why I have not lost is because I try as much as possible to control the level of my greed, not so easy to hold though, but I thank God that I have been able to overcome that to an extent and I think it has been helpful.

Scalping is a very wonderful strategy to use but anyone interested has to makes sure that he or she has been able to successfully fight off greed to some extent,there is absolutely no way that someone greed can ever be successfully scalp trade.

Scalping is my technique during some market conditions but when it is a bearish market (especially slow or volitile bearish) scalping can be brutal especially with crypto and it's volitility aspect.

What strategies are better during bearish markets? I need to have an arsenal of various trading strategies for weathering the storm during each market condition.

Scalping is the hardest part in trading, if you think you are doing good in scalping then you must go for it, you need not to learn anything else, you can make good amount of money out of scalping but I would suggest you to trade atleast for 3-6 months to judge yourself. Anything if you want to learn then go for sharpening your skills of entering and exiting the trade. Try to learn support and resistance trend/retracement etc which will help you to choe the right point of taking and exiting and trade, rest experience is the most perfect teacher in trading.

It is. I have heard that some guys here offer to start dealing with bots for trading. I do not like this idea, but they say, it should be tried at least. It will help you to get rid of emotional stress when the market of cryptocurrencies is down. I have also heard about a special method of the crypto trend definition. Here, the success of your trading depends on an understanding of what trend prevails in the market, as well as how strong it is.

Stick with it.Dont seek out on things further more,if you are profitable with scalping then stay put.Learning a new system?There are lots actually.

Scalp,swing,long,reversal trades but If I were to say it isn't really that necessary just use all possible methods you do know.

You should learn to read candlestick, how to apply scalping, how to do technical analysis, and know to be not emotional
when you do the actual trade in the market as well too.

Apparently this moment is still very far from my understanding.  Probably the only true strategy for me today is to read and learn, to learn and read.

You have just learnt one strategy out of the many of them there are (there are about seven strategies that one can use in trading cryptocurrency). The list goes - intraday trading, scalping, position trading, day trading, range trading, swing trading and investing (well the last one which is investing doesn't need any training, cause you already know how cryptocurrency investing works, so I don't need to explain it to you).

Day trading is just like scalping, the difference is that scalping is minutes. It's up to you what you want to practice next, but scalping is already a good strategy… or a full day trading or intra-day trading.

We need not to learn another method but as long as we move forward with our trading preference, try to change day trading into another ventures. Long term might be suitable for us instead, and with that I am confident that surviving is always capable of reaching the goals within your motivations.

Did you get profit when you try to trade with this strategy? I guess if you have got a lot of profit from this strategy or you have a comfortable feeling when you using this strategy you should have to stick up with this strategy and find a deep knowledge about scalping.

I only choose one strategy in my entire trade, that is more effective comparing I choose mutually strategy. Unless you find more about the strategy trading only for your refference. But I when I trade I like to use a several indicator such as I use fibonacci fan and fibonacci retracement. Maybe it will be good you learn more how to use an indicator because the indicator trading is much.

I think you should stick with the scalping strategy since you can do it well because changing to another  trading strategy/approach may get things too complicated for you.

From my experience, scalp trading is the hardest form of day trading. At the start of the day, a day trader can open a new trade after analyzing the H4 timeframe and scalper will be busy with grabbing every single pip on the 15-minute timeframe charts. At the end of the day, both traders can make the same porfit but scalper will have an eye strain due to the all-day-long staring at the screen. A day trader has no such problem, so better to learn the way of trading which suits your needs best.

Learn more things by viewing and watching tutorials. A lot of things I have gathered in tutorials. Fortunately, all of these strategies that I saw in videos are all applied when I trade. As of now, I have gathered thousands of altcoin that I bought when the market goes down. I also use scalping whenever I saw that the market is going to collapse.

You should read more about how to manage finance and investment appropriately in the crypto market. I have a website that can help you a lot in this. There, they will show you some tricks for profitable trading and investment.
https://github.com

How about Long - Term, and stop being a scalp trader. You will getting rekt went the market have a big move bearsih. If you still doing a scalp, better to learn how to use a stop lose went doing a trade.

The results of a personal analysis of the market depends primarily on your experience.  Based on this, you need to constantly improve your knowledge and professionalism.  I believe that only those traders who are unsure of themselves and possess the most minimal knowledge panic.

Learning more will increase the chances of making profits but keep learning is not enough we need to apply and make it happen.Try to reap profits and keep practicing the strategies you did learned in the past and become a pro trader.

If you do not already have much experience in trading, I don't think you need to learn a new system or lesson about trading because that will make you confused about the lesson. It's better you learn until you can understand the lesson so you can continue with the intermediate lesson for trading and I am sure that you can accept and understand the lesson. In another word, you need to master the basics of trading first before you learn the next step of trading.

Try margin trading. Very fascinating, complicated and titillating :)