[scalpers] Don't just join a moving train

[RealMalatesta]

Scalping is one kind of trading that requires your smartness to know when to take the available profit and close your trade

In my understanding it is highly true and applicable for all types of active trading and when you are not ready to give that in all 100% then you must go for investment by leaving off your active trading plans. Being smart while market hours is not possible and easier one for most of the traders because market pressure will push you which will lead you go out of your training plans.

Scalping is not my preferred way of trading even I am aware of few technical indicators which may get me up to 60% profitable signals for scalping because when I am comfortable with my other methods of trading then why should extend my trading into a high risk one.

[nelson4lov]

Is there any people do such kind of trading as their full time trading? Its really high risky and similar to crash game if I am not wrong so they enters into the train at random station and expecting their destination station to be the next one, kind of crazy right.

It's crazyyyy and risky but I do have a few friends that mainly scalp the market all day long. I think they qualify as full time scalpers. Their only objective has and will most likely remain to take profits when price is above their entry price. Like other trading strategies, scalping does how it's own merits and demerits. What I found to be most fascinating about scalping is that you can enter the market at anytime regardless of whether it's the top or bottom and still be opportuned to make profits.

[adaseb]

How many scalpers do you actually know that are profitable? Especially long term? I am willing to bet perhaps there are maybe 0.1% or so of all the traders that can scalp profitably in the long term. Most traders are swing and position traders. Basically holding positions for hours to weeks.

Scalping making half a percent here half a percent there seems great since you got like 100x leverage. So even if you bank 1% per day with 100x leverage that is like doubling your account everyday. Great in theory however almost impossible in practice.

[carlfebz2]

How many scalpers do you actually know that are profitable? Especially long term? I am willing to bet perhaps there are maybe 0.1% or so of all the traders that can scalp profitably in the long term. Most traders are swing and position traders. Basically holding positions for hours to weeks.

Scalping making half a percent here half a percent there seems great since you got like 100x leverage. So even if you bank 1% per day with 100x leverage that is like doubling your account everyday. Great in theory however almost impossible in practice.

Scalpers could really make money in shortest time as possible since they dont really care on what the trend of the market would be which it is really normal but just like been said that it wont really be for everybody because this is the hardest type of trading if you do ask me basing with real experience.

If you do know on how to play with the movement then i dont see anything wrong with scalping but be sure you do know the risk involved which is really a hit higher compared when you do
make those casual trading styles.

Just test it out if you could really able to bare out the risk if not then dont dive in.

[gabbie2010]

Is there any people do such kind of trading as their full time trading? Its really high risky and similar to crash game if I am not wrong so they enters into the train at random station and expecting their destination station to be the next one, kind of crazy right.

Scalping is a high risk trading option, a full time scalper must be highly experienced in the art, statistically a lot of inexperience traders got their account rekted in a bid to make a living from scalping, this type of trading requires consistent monitoring of a trade on the PC or Laptop and entering trade in a quickly and taking profits swiftly, personally I once tried scalping using isolated margin leverage of 10X on binance trading app but was very unsuccessful though with small amount of funds reverted to long term trading.

[og kush420]

But most traders will try to use the benefit of the price increases to make a profit. But most of them can not realize that the party is over and they get stuck in the high price without having a chance to sell at the next high price but only sell at a loss. The scalping trade is fun but only if you know when to stop and not to chase the price moves up and down. If you can control your greed, you might have a chance to make a big profit from the scalping trade.

TBH can't say about this scalping trade but I do agree with you on that never buy when prices are sky high i.e. current btc price. Imagine condition of people who have bought btc at 68k$, they have only hope that btc may cross 68k in near future else they can either hodl or sell in loss. Be careful on what you buy n at what price.

[jrrsparkles]

Is there any people do such kind of trading as their full time trading? Its really high risky and similar to crash game if I am not wrong so they enters into the train at random station and expecting their destination station to be the next one, kind of crazy right.

It's crazyyyy and risky but I do have a few friends that mainly scalp the market all day long. I think they qualify as full time scalpers. Their only objective has and will most likely remain to take profits when price is above their entry price. Like other trading strategies, scalping does how it's own merits and demerits. What I found to be most fascinating about scalping is that you can enter the market at anytime regardless of whether it's the top or bottom and still be opportuned to make profits.

Yeah, it is a kind of trading which will give more returns but with absolutely high risky so I won't suggest anyone to do it full time and if they are really making money by doing it full time then its really a great thing to know but should not be inspired by them and try the same on us without knowing the circumstances.

[pawanjain]

From what I know scalping is more about making consecutive trades on very small timeframes to take profits from market volatility.
The reason why scalpers don't use stop losses is because since they are trading on very small timeframes it is very easy to hit a stoploss due to high volatility.
Scalping is a risky kind of trading and I personally think it cannot be done by everybody so easily.
One needs a good understanding of the market and good skills to make profits from scalping regularly.

[cheezcarls]

I got some of my crypto friends who are doing well with scalping but there are some experiences that they have made mistake in not closing a trade or setting a stop loss. It can give us quick decent profits if we are lucky. However, it’s a huge risk and not an ideal way of trading for newbies. Unless you put an amount that you can afford to lose no matter what happens, you can give it a try but at your own risk.