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Economy => Trading Discussion => Topic started by: Ethan Craft on January 31, 2019, 01:01:32 PM



Title: What all should I know about scalping?
Post by: Ethan Craft on January 31, 2019, 01:01:32 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.


Title: Re: What all should I know about scalping?
Post by: jackg on January 31, 2019, 01:09:53 PM
I'm no expert but I'm guessing the idea is to buy on a slight downtrend (as in not a dramatic or exponential one) and then list a stop order slightly below and to sell at the next candle up.

A Google search might be good for this or see if there are any books on it. I'd certainly be interested to know more of this strategy also.


Title: Re: What all should I know about scalping?
Post by: Ethan Craft on February 01, 2019, 06:46:32 AM
I'm no expert but I'm guessing the idea is to buy on a slight downtrend (as in not a dramatic or exponential one) and then list a stop order slightly below and to sell at the next candle up.

A Google search might be good for this or see if there are any books on it. I'd certainly be interested to know more of this strategy also.

Thanks. I had googled and there are soo many asked so that I could shortly a few.


Title: Re: What all should I know about scalping?
Post by: manggis97 on February 01, 2019, 08:12:57 AM
I dont like to do scalping trading but i prefer to do day and swing trading,  and for scalping you have to choose trading platform  that have low spread and high trading volume.  For spot trading Binance is best exchange for scalping and for margin trading Bitmex is good one.  Risk management  also become the most important thing in scalping by always use stop loss. 


Title: Re: What all should I know about scalping?
Post by: Tytanowy Janusz on February 01, 2019, 10:16:52 AM
The fastest way to learn any tradind strategy is to simply start using it with smallest bet.

Go to binance - best exchange- fill your account with 20$ which will be enought to have up to 5 open position 4$ each (what is smallest bet) and just start. What can possibly go wrong? Loosing 4 cents from 4$ bet?

Why binance:
fastest - sharp interface. Orders are on market instantly
Best support - telegrams in close to 30 languages with instant replay from admin
best secured - it even have special system to lock suspicious trades that in last year save custommers coins twice.
highest volume (lowest spread)- and its real volume. On other exchanges like Lbank Ubex, Bitforex 90% of trades are fake.
Low fees - 0.075% with bnb.

The most important thing in any trading strategy is to remeber that you are trading with specyfic strategy. If you buy and chart is not going well cut it. Don't wait and wait for bounce. Don't change your daytrading entry into hodl. You need to buy with scenario. If its not going as it should (even going up too slow) cut it with small profit rather than with loss after dump.
Same with scalping.



Title: Re: What all should I know about scalping?
Post by: poptok1 on February 01, 2019, 10:48:11 AM
Few simple rules or rather tips from not to experienced trader like myself:
  • Scalpers usually follow short period charts such as 1-5 minute, so you have to keep an eye on those, you have to be fast
  • Having accurate data is a must but be cautious of any news
  • It is a system for minor movements, stick to that
  • Remember that small orders also have a cost, a lot of fees from small purchases can sum up, leaving you zeroed at the end of the day
  • Limit yourself to just few hours of trading, it can be exhausting and this can affect your judgment      
Hope this somehow helps. Take a look here: https://www.investopedia.com/articles/trading/05/scalping.asp basic scalping guide.


Title: Re: What all should I know about scalping?
Post by: omonuyak on February 01, 2019, 07:39:45 PM
In forex scaping is like what most of us called day trading and to scap very well you must understand how to open position and close it as quickly as possible.  I think we should not go into scaping if you like how to interpret candlesticks.


Title: Re: What all should I know about scalping?
Post by: Awesomus Maximus on February 01, 2019, 08:03:57 PM
Like the others have said it is just a matter of using different time frames. If you go to the lower time frames like 15m or 5m or 1m you are effectively scalping. If you go to the higher time frames you are doing swing trading or day trading. All the indicators that work with the higher time frames will work with the lower time frames too. The difference is they will be less reliable on the lower time frames, that is to say the indicators will be less reliable for scalping and will give you much more fake signals. If you want to scalp, pay attention to the fees because on the lower time frames they contribute more to the bottom line. The reason is your profit is much smaller compared to the higher time frames, so the fees can eat up most of your profit.


Title: Re: What all should I know about scalping?
Post by: Indrawan77 on February 02, 2019, 05:36:36 AM
Scalping is very profitable in an unstable market condition, scalping can be uses when there is a sideways, but it is a very risky thing, if we guess the wrong movement then we can lost a lot of money, and the skill to do scalping is not a beginner skill, you need to execute a fast trade and need to make instant decision with a quick time frame


Title: Re: What all should I know about scalping?
Post by: davis196 on February 02, 2019, 07:12:39 AM
Scalping is very profitable in an unstable market condition, scalping can be uses when there is a sideways, but it is a very risky thing, if we guess the wrong movement then we can lost a lot of money, and the skill to do scalping is not a beginner skill, you need to execute a fast trade and need to make instant decision with a quick time frame

Why scalping is risky?The traders that perform scalping usually work with very small profit/loss margins and execute profitable or not-profitable traders very fast with really small loss.In scalping,the quantity of the opened/closed positions is more important that the profit margins.I think that long term trading is more risky.


Title: Re: What all should I know about scalping?
Post by: wuvdoll on February 02, 2019, 07:39:32 AM
Scalping is very profitable in an unstable market condition, scalping can be uses when there is a sideways, but it is a very risky thing, if we guess the wrong movement then we can lost a lot of money, and the skill to do scalping is not a beginner skill, you need to execute a fast trade and need to make instant decision with a quick time frame

Why scalping is risky?The traders that perform scalping usually work with very small profit/loss margins and execute profitable or not-profitable traders very fast with really small loss.In scalping,the quantity of the opened/closed positions is more important that the profit margins.I think that long term trading is more risky.
Any kind of short term trading will be HIGHLY riskier one with respect to crypto trading due to its highly volatile nature. Scalping must be a unique way of trading but it is more famous among Forex trader but definitely not with crypto traders. Because, there will be no guarantee to make profits even in long term in forex whereas cryptos are proving such a wonderful opportunity for long term holders then why should risk unnecessarily ?

I guess a high-risk trader may go for scalping with the help of bots. Yes, usually I never recommend trading bots for crypto traders but when considering the time and efforts needed for scalping, I believe a high risk trader may go for trying out bots. Still, it is just a gambling, nothing could be assured out of it.


Title: Re: What all should I know about scalping?
Post by: Xardasim on February 02, 2019, 12:12:07 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.
It is possible to provide earnings with scalping at Forex, but I have no idea how it can be possible in cryptocurrency. We are able to do this because the movements in the money pairs are slow, but the volatility in crypto is very different, and touching to stop loss can be any time. In my opinion, try Forex for scalping, at least you will lose less.


Title: Re: What all should I know about scalping?
Post by: ChrisPop on February 02, 2019, 12:29:56 PM
Get in and out fast. Watch for important resistance/support setups and profit from the price reaction from that. Always use small position sizes and tight stop losses. Be careful at slippage as that could damage your account pretty badly if you are not experienced. Best of luck!


Title: Re: What all should I know about scalping?
Post by: Babyrica0226 on February 02, 2019, 08:30:29 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.

If you want to learn scalping, better to use Kucoin, Binance, Coinbene, Houbi, okex and Bitfinex these are all good for learning the scalping when you do the actual trading. It may not be easy to learn but once you find the technique for sure in the future it will be chicken for you to earn most of the time in every exchange platform.


Title: Re: What all should I know about scalping?
Post by: Hivalley on February 02, 2019, 08:36:47 PM
You've got to be experienced before engaging in scalping,as its also required in any form of trading,if you've studied properly about the form of trading you wanna engage in with all the techniques required,then scalping could be profitable for you


Title: Re: What all should I know about scalping?
Post by: deisik on February 02, 2019, 09:02:43 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert

You won't be able to profit from scalping unless you are using a trading bot

And I don't think you will be able to get one unless you code it yourself. But you won't need our advice by the time you are actually able to code it in a meaningful way. Obviously, you are looking for a shortcut but it doesn't work like that. So instead of wasting your time (and most likely money as your "scalping" will be more like gambling) with this type of trading, you'd better look into other trading strategies which don't involve making a lot of trades and allow more "fundamental" type of trading


Title: Re: What all should I know about scalping?
Post by: 1Referee on February 02, 2019, 10:43:35 PM
Yes, usually I never recommend trading bots for crypto traders but when considering the time and efforts needed for scalping, I believe a high risk trader may go for trying out bots. Still, it is just a gambling, nothing could be assured out of it.

If you want to trade the right way, then a bot is definitely it.

I'm not sure if it's gambling, I'm more inclined to say that trading manually is more like gambling than having a bot doing the trading for you is. Humans suck at trading as they have their emotions get in their way and make stupid decisions based on that. Bots don't have that problem, they enter each trade clean without any sort of regret about the previous trade being a losing one.

The very reason we're respecting the charts so much during this bear market, is because most of what we see happen is algorithmic trading activity. TA works. I was in the 'TA sucks' camp, but it has proven its usefulness for over a year now.


Title: Re: What all should I know about scalping?
Post by: herurist on February 02, 2019, 11:14:04 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.

Scalping is one of short term method, in this strategy stop loss and take profit point using small range. They can take many op ( open position ) in one time but mostly will close all in one time also. For people who has a lot of time this is good strategy and never trade end of the week, that moment many strategy fails because sideways always happen. 


Title: Re: What all should I know about scalping?
Post by: Polar91 on February 03, 2019, 12:51:38 AM
There are alot! However, the most important is to know when is the good entry and exit point, resistance and support level. Knowing them is very useful in scalping since you can't always rely on the pattern you see and indicator you use. It's being determined always in scalping regardless of your strategy.


Title: Re: What all should I know about scalping?
Post by: milewilda on February 03, 2019, 02:14:28 AM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.

This should be helpful.

https://www.whselfinvest.com/docs/Ebook_Trading_Profile_Scalping_EN.pdf


Title: Re: What all should I know about scalping?
Post by: wayaneka on February 04, 2019, 03:36:58 AM
I think for scalping trading will be more profitable to do in margin trading because we can earn profit from long and short open potition. Metatrader platform is good platform for scalping because we can make open potition many times easyly, and also setting the stop loss and take profit is very easy. But need to remember margin trading is risky and make sure we already have management of risk and money to minimize risk.


Title: Re: What all should I know about scalping?
Post by: wayancrypto on February 05, 2019, 08:00:07 AM
Scalping usually for experienced trader that understanding technical analysis and risk management, scalping also need to spend more times than swing trading. I think for beginner trader is better first to increase the knowledge in day or swing trading because this is will be more easy and need less times.


Title: Re: What all should I know about scalping?
Post by: nicolas1979 on February 05, 2019, 09:07:08 AM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.

Scalping is short term strategy with small range, mostly will close in 1 - 2 days. I think many articles about scalping already list in forex web/ blog, all you need to do is use 1 direction not 2 like forex ( adaptation ). Forex forum/ group also become good place to share experience but so far many trader visit babypips.com for beginning, just try it and good luck to you.


Title: Re: What all should I know about scalping?
Post by: apityeh71 on February 07, 2019, 12:52:13 AM
Scalping is shorter trading than day trading,  and this trading need more skill about technical analysis and how to manage the risk.  In forex trading,  scalping usually to do by expert trader who can spend times all days.  In scalping trading,  we should be manage the emotional because we will make open position many times.


Title: Re: What all should I know about scalping?
Post by: sedahan13 on March 09, 2019, 08:07:31 AM
For crypto i think will be more profitable in swing trading because in duration 1 week to 4 week the price of crypto can be going up 50% to 100%. Many trader use metatrader platform for scalping because we can increase the profit by use leverage and Metatrader is easy platform to use when make open potition many times in aday. There are alot of trading tool in Metatrader , and is easy to make open potition, to close it , setting stop loss and take profit.


Title: Re: What all should I know about scalping?
Post by: virasog on March 09, 2019, 12:23:02 PM
I think for scalping trading will be more profitable to do in margin trading because we can earn profit from long and short open potition. Metatrader platform is good platform for scalping because we can make open potition many times easyly, and also setting the stop loss and take profit is very easy. But need to remember margin trading is risky and make sure we already have management of risk and money to minimize risk.

Scalping trading requires more time and more experience than regular trading. Since its about entering again and again and getting small profits, if one is not experienced, he might enter in wrong time and it will not be possible to exit at profit in the short term.


But if anyone is experienced in trading then scalping is best trading in the bear market where the profit is hard to come by in the long term trades.


Title: Re: What all should I know about scalping?
Post by: sana54210 on March 10, 2019, 02:52:28 PM
I think for scalping trading will be more profitable to do in margin trading because we can earn profit from long and short open potition. Metatrader platform is good platform for scalping because we can make open potition many times easyly, and also setting the stop loss and take profit is very easy. But need to remember margin trading is risky and make sure we already have management of risk and money to minimize risk.

Scalping trading requires more time and more experience than regular trading. Since its about entering again and again and getting small profits, if one is not experienced, he might enter in wrong time and it will not be possible to exit at profit in the short term.


But if anyone is experienced in trading then scalping is best trading in the bear market where the profit is hard to come by in the long term trades.
Even in scalping, the highest you can make is 10% of all the number of times you got in and out of trading and scalping could be very dangerous when you don’t already have an exit strategy on ground which can make the trader to lose all the small gains he has compounded already in a single trade.

Hence, whether you are more experienced or not, I don’t advice scalping for both, I will rather prefer ones get in ones and use his analysis to pick the best time to trade, take your little profit based on your cash and exit the trade for the day.


Title: Re: What all should I know about scalping?
Post by: michael23 on March 10, 2019, 07:13:07 PM
I studied video YouTube. I think it is very clear and much more convenient, because so you can immediately see how to trade in real time.


Title: Re: What all should I know about scalping?
Post by: karungbitcoin on March 11, 2019, 09:04:50 AM
I think more profitable to do scalping in margin trading because we can earn profit from long and short potition, and many trader use metatrader platform for scalping because easy to use and fast to make open potition with different type order, like buy / sell limit, buy /sell stop and we can setting SL and TP at the sametimes also available  trailling stop.


Title: Re: What all should I know about scalping?
Post by: Ispep on March 11, 2019, 09:14:15 AM
You'll have to be fast when you try to trade with scalping, it requires you to understand different patterns and prices and it's even more difficult for a beginner to handle.
And it's doesn't really Garner that much profits daily,if you do not understand how a trading strategy works, you leave it and move over to a more understandable and easier one
For a beginner it's better to start with the easiest forms of trading and scalping isn't it


Title: Re: What all should I know about scalping?
Post by: palle11 on March 11, 2019, 12:44:20 PM
What I think scalping is, is to trade as fast as possible. It involves very short time frame ,like 1 minute or 5 minutes. They usually don't stay long in the market. Is more like enter and exit as soon as you have made a little profit.


Title: Re: What all should I know about scalping?
Post by: carter34 on March 11, 2019, 01:17:21 PM
Scalping as it relates to trade is simply taking your profit as quickly as you can to avoid delay before price reverts. Scalpers are always trying to master and using candlestick in trade.


Title: Re: What all should I know about scalping?
Post by: sidkz on March 12, 2019, 05:06:36 AM
I once did a scalping, a very interesting exercise, but now is not the best time for him, it is better to wait until the market returns to normal, and then the result will be better, I personally decided for myself so I will wait and then continue this business


Title: Re: What all should I know about scalping?
Post by: Noa_Amable on March 12, 2019, 06:14:09 AM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.

in general scalping is a thing which you can not learn from articles, it comes from experience.
I suppose you know what scalping means, right?

So, I started scalping with technical analysis (working with indicators) on small timeframes.

Just open a position and keep an eye on it.  As time passes by you will learn when scalping is really good.

fiat currencies are a little bit easier to trade scalping because news are observedand you can forecast when and why price would move in this or that direction.


Title: Re: What all should I know about scalping?
Post by: lemipawa on March 12, 2019, 06:20:58 AM
Scalping works like day trading, I guess the difference is with scalping the time difference when you bought and sold is shorter. I started in trading with I thought is day trading because within the day I am able to sell all the coins I bought with profits but with scalping, you check the volume, buy and sell with a little profit. Then move to another coin and repeat.


Title: Re: What all should I know about scalping?
Post by: bitgolden on March 12, 2019, 10:51:05 AM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.
If you have been trading on technical analysis and it pays you well even though it takes time, why not stick to that because scalping could be very risky, scalping will also make you trade with emotions and intuition no matter how good you think you are as a trader.

Taking small profit and entering in and out of market many times a day could profit you but you could also make a huge loss which will make you lose all the little profit you have been gathering but if you insist on still trading on scalping, the best platform is to use YouTube to watch a lots of tutorial first from so many trade experts you can easily spot by watching.


Title: Re: What all should I know about scalping?
Post by: leea-1334 on March 12, 2019, 11:48:18 AM
Even in scalping, the highest you can make is 10% of all the number of times you got in and out of trading and scalping could be very dangerous when you don’t already have an exit strategy on ground which can make the trader to lose all the small gains he has compounded already in a single trade.

Hence, whether you are more experienced or not, I don’t advice scalping for both, I will rather prefer ones get in ones and use his analysis to pick the best time to trade, take your little profit based on your cash and exit the trade for the day.

Cannot see where you get this 10% from. Scalping just means profiting off the flashes and getting in and out rightaway. Sometimes I have seen even 30 and 40% in a day, and most recently, we saw for ETH last two weeks, 15% in an instant.

Of course exit strategies are a requirement. They are called limit orders and stop losses! You must never ever trade on whims. Let the price decide your exit.


Title: Re: What all should I know about scalping?
Post by: akamit on March 12, 2019, 01:47:15 PM
Even in scalping, the highest you can make is 10% of all the number of times you got in and out of trading and scalping could be very dangerous when you don’t already have an exit strategy on ground which can make the trader to lose all the small gains he has compounded already in a single trade.

Hence, whether you are more experienced or not, I don’t advice scalping for both, I will rather prefer ones get in ones and use his analysis to pick the best time to trade, take your little profit based on your cash and exit the trade for the day.

Cannot see where you get this 10% from. Scalping just means profiting off the flashes and getting in and out rightaway. Sometimes I have seen even 30 and 40% in a day, and most recently, we saw for ETH last two weeks, 15% in an instant.

Of course exit strategies are a requirement. They are called limit orders and stop losses! You must never ever trade on whims. Let the price decide your exit.

Sana said 10% and you cannot see where he got this, but how do you say 30-40% in scalping in a day?

"Scalping just means profiting off the flashes and getting in and out right away."
This is correct... afaik traders who use scalping method to trade exits with the lowest profit possible but they do a lot of trades a day.
When I was a forex trader (once upon a time) and was learning it, I have seen traders exited even with below 1% profit in a single trade.

1% is the max out strategy in a single trade in crypto scalping imo...


Title: Re: What all should I know about scalping?
Post by: upsidedown75 on March 12, 2019, 08:08:33 PM
I think more profitable to do scalping in margin trading because we can earn profit from long and short potition, and many trader use metatrader platform for scalping because easy to use and fast to make open potition with different type order, like buy / sell limit, buy /sell stop and we can setting SL and TP at the sametimes also available  trailling stop.
All these trading tools you mentioned, I doubt if they exist on the exchanges we have because talking about meta trader, it means we have to make use of a crypto brokers and most of these brokers are quite expensive in their service, you end up realizing that they are the one you are working with and when it comes to margin trading most of these traders manipulate their systems a lot though I am talking from the view of forex trading which I believe they both have the same trading system.

Instead scalping on margin on a market that is very risky and volatile, he should just go through the normal one even if the profit taken will be little, it is safer.


Title: Re: What all should I know about scalping?
Post by: Hamphser on March 12, 2019, 11:34:30 PM
I have been trading based on my technical analysis and strategies. But, interested in learning Scalping. Let me be clear, I am not expecting that the experts here will just make me a expert.

I just want to know which are the good articles and the platforms where I can learn scalping. Please share some informative links where I can learn from the basics.

Thanks in advance.
A simple google search will help you out.

https://apiaryfund.com/sites/default/files/LazyRiverScalpingStrategy.pdf
https://www.pdfdrive.com/an-intraday-trading-methodology-ultimate-scalper-e17663136.html
https://www.scribd.com/document/326726388/1-Advanced-Scalp-Trading-Tactics-pdf
https://tradingstrategyguides.com/simple-scalping-strategy/