When using a Martingale strategy most people dont use SL

Here is a Martingale strategy using SL when scalping

Let me know what you think about the idea

One EXAMPLE

When scalping look for trade setups with a Risk Reward Ratio of at least 2/1

First Trade - If it hits your SL you lose $1
Second Trade - If it hits your SL you lose $1
Third Trade - If it hits your SL you lose $2
Fourth Trade - If it hits your SL you lose $4
Fift Trade - If it hits your SL you lose $8

And so on until you get a trade right with at least 2/1 Risk Reward Ratio

Regards

I saw a video on Youtube where the trader is able to make money trading, even when he is wrong...

The key points:

He is able to be in drawdown from 8 trades in a row, because he is not risking a large lot size per trade.

He knows the market will retrace back or close to the original first trade,

The newer trades act as the profitable trades to dampen the loss from the earlier trades

I am not an english native speaker so I dont understand everything in the video..do you know where I could find more info on this strategy in text/pdf?

Is it possible to share the video here in case someone is intersted in sharing more details about this strategy?

What is the minimum amount to start trading in the coinbase spot trading? where I can find that info? and what are the differences of using coinbase regards other exchanges to do spot trading?

I got from coinbase: LTC address (Litecoin) and then I paste this
LTC adress that coinbase provides and I paste in bitget to withdraw...
and I get this message:


Address verification failed

I am using Bingx and in futures I can change/move the SL but in spot trading I cant change Stop Loss..

I have to cancel the SL position and open a new SL position if I want to change my SL...is this the same in other exchanges?

and what would be the best way to get the exchange to add this feature in spot trading? I contacted support but it seems it didnt work

what are the advantages of trading in spot? I see there are many more coins available in spot but I guess that I should be careful with liquidity of those coins...

How can I know what coins to avoid? because of liquidity or manipulation etc? any tips when looking at the order book? spoofing etc?

Hi when I want to open a position in spot trading I dont see the option to set up a SL before opening a position (this is possible in futures)

Is there any exchange that offers to set up a SL before entering a trade in Spot?

I have around 2 dollars in ltc in mexc exchange and I cannot convert my ltc to usdt because minimum is 5 dollars...

If I send that ltc to another exchange will I have the same problem?

So all the exchanges have that 5 minimum dollar rule?

I dont want to buy anymore crypto at the moment

I am scalping the altcoin UMA with 1 minute chart...and the chart is totally different in tradingview and in Mexc Exchange::

Tradingview: https://ibb.co/M5XrB0V
Mexc Exchange: https://ibb.co/YdPLTDs

In tradingview I would open a short position and in bingx I would open a long position...how can be so different the charts if is the same altcoin?

I am doing scalping with 1 minute chart and I see a big rejection candle at 22.21 london time for most alcoins, also for btc...how do you guys interpret this?
My guess is the trading with the altcoins is done most by bots...
Any tips on how I could learn to automate my trading with bots?

coingecko only shows growth in last hour too

Hi I am looking for a website that will tell me the altcoins that got the highest growth in the last 5 to 15 minutes.

bingx

I wanted to withdraw Litecoin from one exchange and the only network available is bep20...
theres no other options...is this the right network to use? I think in the past the network was called litecoin network?

btw is LTC still the best option to use for withdrawals?

Hi I am following a trader from tradingview but I am having trouble understanding some parts of his analysis....

could someone with trading knowledge and good english tell me what he says when there are 49 seconds left in the video?
"in order for me to take this trade.."

https://www.tradingview.com/chart/NZDUSD/yDDiGnUt-NZDUSD-I-Buy-from-support-zone/

And what do you think of his trading idea?

Hi is there any Risk Reward Ratio Tool that sends you a notification when there is a a good Risk Reward ratio for a certain altcoin?

Or the only way is checking every altcoin manually?

Hi what are the minimum amounts to buy and sell a coin in the safetrade exchange and in other exchanges? I wanted to start using the safetrade exchange but there is no info on minimum amounts...just wanted to deposit the minimum amount to start testing the exchange

Hi, does anyone know where I can trade coins such as PLSX? I can not find it in Mexc (and it is one of the exchanges with more coins listed).

It seems I cant open an account with gate.io in my country

I understand that when trading with these coins you have to be careful because of the liquidity issue etc ... anyone with experience with trading these coins?

Hi do you know any good traders/scalpers (who use Stop Loss) to follow either in any copytrading platform or signal providers etc?

There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss

I think bybit is not offering 0% fee anymore

I read at https://www.bybit.com/en-US/promo/global/zero-fees-spot/
Step Up Your Game
Start Small. Earn Big.
All With Zero Fees.
Campaign has ended.

other options?