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hi guys, check out my last trade, traded on margin and caught the scalping movement, got a fairly accurate entry, what do you think about this trade? As for it's possible to make a profit in a sideways market
https://i.imgur.com/OBkhTrS.png

Not bad profit yet a risky one since the market had been moving sideways a past few days.Just be grateful that you had make such good entry but dont
think always that this would be sustainable or would be permanent.Hence, scalping with margin is one of the most difficult thing on trading.
Big rewards yet bigger risk.

Good trade, it's almost impossible to short the exact top or long the exact bottom so this is the next best thing. I assume you would've closed out your trade if XBTUSD went through or slightly above the line of resistance you've drawn on the chart in your screenshot? Fakeouts do sometimes occur so that's something you'll want to watch out for, but in this case that never happened and things went your way.

That position is quite risky.
What are your basis on that trade? The rejection on the trendline above? If yes, good trade then. I will also short that rejection for sure.
I have a question on that trade position of yours,
How many the leverage you set? It is cross leverage or 22.51x? Or you just move or set the leverage indicator to cross when you screenshot that image so that you can see a huge green percentage?

Good for you and congrats that you've earn some profits.
Honestly, if you trade scalping particularly in a range market it is very risky. I never want to enter in a range because of possibilities of losing as we don't know where the market is going its all just a pump and dump. However, lets go with your scalping if you know and master how to scalp range market that's so awesome. Too few traders only have the guts to trade in range. You can always make profits if you know when to enter and plan your scalp.

You entered a good entry point. What is the technical analysis you are using? And yes, we can benefit from the sudden sideways as long as we make a good entry and exit then scalping will go smoothly. I envy your courage, I also do some scalping but not that high profits as yours. Good job, buddy.

I don't even know what 'scalping' means as far as trading goes, but I would agree that op got lucky with this trade and that it is hard (and very risky) to trade when the market is trading in a tight range like it has been for a couple of weeks.

Uh...yeah, that's the key there, making what you call a good entry.  This trade could easily have gone bad had the market dropped suddenly.  When there's no obvious momentum in any particular direction it's basically gambling when you place an order like this.

For me, Scalping is one of the interesting trading strategies used for trading. However, it is also one of the most risky strategies, such as a large decline that can quickly wipe out all your previous profits. With this strategy, traders should choose the lowest fee floor and always place a stop loss order.

You really managed to find a good entry point, I would even say no to no. But what do you plan to do next? Margin trading is very dangerous, I lost a lot of money on it.
Even in combination with scalping, which is less risky than regular trading, margin increases risks many times over.
I am currently in a short trade with x10 leverage. Let's see what happens.

Or are you just advertising the channel?

Scalping strategies can indeed generate profits quickly, but also has a big risk, I think it's difficult to adopt a scalping strategy in the crypto trade, This crypto is not the same as forex and its movements are difficult to guess

maybe intraday trading that means,in real word scalping difficult to applied in crypto market.in time fram less than 1 hours price moved in small range.if we takw this range ,i am doubt it could cover trading fee.its only suitable used in forex market i think.in crypto we could do day trading with swing strategy.the profit from this strategy  could cover its trading fee and profits lot enough.

Thanks! I used to trade for a long time at the futures exchange (mainly stock futures), there I used this strategy (this is not classical technical analysis) rather a bit different, but then the market changed a lot - algorithmic strategies came. But I saw opportunities in the crypto market using my proven strategy. Yes, I used cross leverage.

Thanks mate! I always control risks and use risk management. Also, I never enter into a trade with a volume of more than 10% of my deposit. And finally, I always use a stop loss. And of course, I never sit out losses ;)

Guys btw check out my last trade (today's trade) :)

https://i.imgur.com/016wKxf.png

btw here I used just 4x leverage

and I share all above ideas in my channel so you guys welcome https://t.me/bitmexshark

Another day another good trade, check this out

https://i.imgur.com/nZJrbKA.jpg

3 successive winning trades in a row! Kudos! Seems like you've so much luck. To me, Scalping + margin = playing with fire but somehow you're profiting off it. That's impressive. That R:R is above mine so I won't be participating in your Twitter calls. That's way too much risk that I can take. not with all the liquidation stories I've seen and her. Congrats to you. I wish you luck in future trades you'd make.

I think it would be helpful if you tell what was the trigger which you actually used to choose this trade because as far as I can see this was mere luck because market tried to revisit that upward resistance after a retracement downward if it could have broken out the channel you might have got liquidated. Was it some sort of price action which helped you take this trade?

Scalping with margins is only intended when we are confident of current market conditions, otherwise we must accept greater risk. Not always the market will side with our predictions, I myself better to trade safely with low risk maybe occasionally try scalping with margin when the market is good.

Thank you mate!

when determining the entry point, I use level analysis, volume analysis, look at the order book, and of course the price action

I like scalping in a sideway move but when it comes to a trend I use more classic strategies and always control my risks

just 3 hours before the pump started, was lucky to catch a scalp trade:)

https://i.imgur.com/NMtNF3e.jpg

Scalping is an unsuitable strategy for the volatile market. Such strategies are useful in the Forex market, where prices move more slowly. If you want to make money with this strategy with BTC, your balance may turn to zero in a short time. The possibility of a price moving fast in the opposite direction you expect is equal to the possiblity of earning.

What if I say that you can use stop losses, also did you heard about options that bitfinex plan to launch in January 2020, that could be a good alternative to stop losses and you can easily hedge your position

btw speaking about hedge check out my last strategy for my last trade https://t.me/bitmexshark/186

I disagree, because i'm also a scalper and its really profitable if you know where to entry and exit with profits. You have to be very fast and not to aim too much big profits in order to make profits and exit in the market. Forex is different yes but it doesn't mean that it could be crypto trade movement. Scalping works if the strategy is good.

I agree with your opinion that scalping is not as easy as we think, scalping the trade must be very observant because otherwise our balance will run out because of the cutlose. so far I have never done it because in my opinion it is more prone to loss because sometimes market moves that cannot be read.

You really get the o.p by asking whether he is trying to advertise his channel and not too long after your post he started advertising his channel that people should subscribe to his channel for daily trading update.

agree with you, btw check out my last scalping trade, was pretty accuracy entry but unfortunately, I fixed it too early https://t.me/bitmexshark/197

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yes you are welcome to join my channel as i don't have much time to post every trade here and it is also more convenient and quick method to share my trading activity https://t.me/bitmexshark

It is possible to get profit on margin. You can check out my topic, I've made 50x within 5 days on scalping with high leverage.
https://bitcointalk.org/index.php?topic=5177585.msg52223769#msg52223769

But it is too risky at the same time, so take care about risks in advance.

good trade bro

Today was a very nice day, a lot of trades and a lot of profits, that is the most profitable trade https://t.me/bitmexshark/217

What a nice trade I had today https://t.me/bitmexshark/258