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Author Topic: Can I start scalping with a 500$?  (Read 593 times)
airdagon
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June 01, 2019, 02:11:37 PM
 #41

For 2% profit per day, in my opinion it makes sense, but all that also depends on the volume of the market, if the volume is high I think the 2% profit is easy
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June 01, 2019, 02:24:52 PM
 #42



$500 is a good start. you might not be able to do it every tiny dive and spike of the price. you have to look at the chart and analyze at which price shall BTC dip again and make sure you buy back when it starts coming up again. sign up at tradingview coz i think that should help you with the necessary indicators.

 
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June 01, 2019, 04:01:28 PM
 #43

What are more details about the original posters strategy?

How long have you been trading now?

What kind of funds did you start with and what is your current balance?

Have you had any days when you lost money yet?

- I'm asking for a strategy

- one year for now

- my savings

- of course I lost 50% of my investment before.
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June 01, 2019, 04:03:55 PM
 #44



$500 is a good start. you might not be able to do it every tiny dive and spike of the price. you have to look at the chart and analyze at which price shall BTC dip again and make sure you buy back when it starts coming up again. sign up at tradingview coz i think that should help you with the necessary indicators.

I have pro account on it.
which indicators you use?
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June 01, 2019, 04:27:13 PM
 #45

- I'm asking for a strategy
Trading strategies are usually crafted by each individual. Whenever a successful trader teaches other traders how to trade using their strategy, the traders always end up with their own versions of the original strategy. So each trader builds off of another traders strategy to fit their own style. It takes work.

- one year for now
If you have been trading for one year already then you should be in a better position than you are now, but that is okay. You should up your game. Take it more seriously. Put in more hours. Ask more questions. Be patient. Be persistent. Practice practice practice. Treat it like a business.

- my savings
People who trade money they can not afford to lose, often lose at trading, and that happens with experienced traders too. People who rely upon trading as their only source of income, often lose at trading. Never trade more than you can afford to lose. I like your dollar amount of $500. That is a safe and effective account balance for learning the ropes.

- of course I lost 50% of my investment before.
I hurts a lot to lose money like that but loses can be converted into potent learning opportunities. I was taught that whenever I lose 15% or more of my account balance to stop trading for one full week, and during that one week break go back to review any past mistakes. Really look at and identify mistakes and learn from those mistakes.
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June 01, 2019, 05:26:25 PM
 #46

- I'm asking for a strategy
One time I like scalping, but scalping will spend your time in front of the monitor screen  Tongue
you must focus on seeing each movement
the simplest way is to use Bollinger bands, MACD and RSI indicators. Time frame 5-15m

I use MACD and RSI only when first entry and closing a trade, playing safe between the RSI 30-70,
if the RSI is above 80 there will be Over Bought, and I decide to end my trade

But just focus on Bollinger Bands
Enter when the candle touches the bottom line on the Bollinger bands and sells touching the middle line or the upper line, don't miss this moment

One time I have posted about scalping (on my local board)
indicator yang saya pilih adalah :
  • Bollinger Bands(BB)
  • MACD
  • Relative Strength Index(RSI)
TF 5mnt




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June 01, 2019, 07:00:00 PM
 #47

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
Did you know how to scalp trade? If your answer is yes then you don't really need much to start. The large capital is to help you increase your profits par trade and the reverse is also very possible. Making 2% par day in trading bitcoin or altcoins is very possible but of a truth very risky! Remember that you can have your entire funds wipe out if you did not know how to place stop loss and take profits.
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June 01, 2019, 07:12:07 PM
 #48

You can spend $ 500 for XRP and within two months you. With the current market, I think there is no guarantee for you with a fixed profit of 2% per day. The market always has fixed risks and profits depending on the growth of Altcoin that you choose. Do not put too much hope into this market.
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June 01, 2019, 09:24:49 PM
 #49

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
Scalping is really not easy as you really have to make the right decision on what to invest first, more specifically here which alt coin to invest in, and the problem with altcoins is that they really move too slow and sometimes they just go down, so even if you buy a big share of a coin to scalpe it you still won't make a fair amount of profit not 2% per day and not within 2 months at least no at the state the market is at  right now, if you are going for a longer term you might be able to pull it off.

 
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June 01, 2019, 09:48:20 PM
 #50

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
Yes you can but the question is,you do have that skills on doing scalping? If yes then this is possible which doubling that capital on 1-2 months time.

Just be sure to be aware on the possible risk yet scalping is the most dangerous way of trading up.I have tried even on swing trades but I do make
mistakes most of the times yet this would involved on emotions.



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June 05, 2019, 06:57:16 AM
 #51

This is my personal suggestion, you should DYOR before investing in Cryptocurrency.

I would suggest you to divide $500 into four parts, it should be $100 into 3 and $200 into a single crypto . The top four Cryptocurrency that I would recommend to you is  

1. Cardano - $100
2. BNB - $100
3. Litecoin - $100
4. Bitcoin - $200

You can change the amount as per your likes. I am not going to explain to you why I choose these cryptos, if you can check google, you will get your answer. I estimate within 2 to 3 months you should be easily able to make 2x of your investment. Remember as soon as you reach 2x individually or on the total balance of $500 (which ever you reach first) cash out.
the list of coins that you display seems to have to be followed by many people. some of these coins can provide profits in a few months and that will definitely happen. this can be an option for the questions raised in this forum.
Those coin really has very high trading volume that could make one be able to trade 2% profit in a day, especially bitcoin which has more volatility to do this, but I don’t like scalping that much because as volatile as these coins is when it comes to sudden increase in a day, they can also drop so bad which will mar the trade badly.

So instead of scalping, I will just hold my coin and wish I can get the 2 % increase which is enough for that day, I don’t need to be going in and out of the trade every time I see a chance to do so. 2$ daily which is about 60% monthly is seriously more than enough for one to leave a good life, depending on the trading amount though.
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June 05, 2019, 07:27:59 AM
 #52

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
This is possible if you take the risk. Investing in IEO projects often gets a lot of profit but sometimes you can't buy a token because there are too many investors scrambling to buy it.
Just like Harmony, its price is x8 compared to the price of the IEO. If you want to invest in good IEO projects, I only recommend investing in 5 exchange markets such as Bibox, Binance, Okex, Gate.io and Huobi Global.

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June 05, 2019, 02:01:23 PM
 #53

2% per day is a very possible advantage, you can invest in BNB Coins, ethereum or Ripple
You can also trade on Binance Exchange, or Okex

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June 05, 2019, 02:27:01 PM
 #54

It is very unlikely you will be able to consistently get 2 percent profit daily,  Your amount would grow so rapidly due to compounding and you would be a millionaire in no time.  At best I would expect around one percent each week which is still over 50 percent in a year.
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June 05, 2019, 03:03:22 PM
 #55

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
$500 is a good amount to start crypto trading but making to percentage of profits everyday doesn't look possible but it is possible to achieve 100 percentage of profit in one or two month if you are doing crypto trading regularly with all the skills needed for it.

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June 05, 2019, 03:06:23 PM
 #56

Of course you can
Personally I use Bitmex
Scalping is a good idea to increase your budget

You can find me also on Twitter and find some deals which may turn out to be useful for you
@MarkRob46626263

Follow me to keep up with the latest trades, get price analysis and other trading hints:
https://twitter.com/MarkRobTrades
https://www.tradingview.com/u/Mark_Robinson/
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June 05, 2019, 03:30:19 PM
 #57



$500 is a good start. you might not be able to do it every tiny dive and spike of the price. you have to look at the chart and analyze at which price shall BTC dip again and make sure you buy back when it starts coming up again. sign up at tradingview coz i think that should help you with the necessary indicators.

I have pro account on it.
which indicators you use?

a simple RSI will do. but check the above strategy, he also uses MACD along with RSI. If you can learn how to use that two I think it could be enough. having just $500 might not be enough unless the swing of the price will dip from $9000 to $7800 every now and then. thats a huge difference right there. draw a line to identify support and resistance so you'd see which possible support where retracements occur.

 
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June 05, 2019, 04:05:05 PM
 #58

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
With testing strategies, the risk is certainly much higher than the success rate. If you want to try, I will give you a potential token that will x3 or x4 in the future.
WPP is an energy business and they are doing their job very well. Their ITO has attracted more than 59 million dollars and now its price is very cheap. Huobi global and Binance are waiting for approval. coming, they will list on IDAX and Coinbene. a great project and this is a great opportunity for you.

I looked at their thread:

[ANN] [ITO] WPP ENERGY TOKEN - TOKEN A SER OBRIGADO AO VALOR DO H2

I think this is a project that only creates headache



@OP, beware of shitcoin and be very careful about the greed. Avoid setting daily profit goals so you do not create stress when you can not reach those daily profits

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June 05, 2019, 07:01:56 PM
 #59

As a beginner I think 1% daily is the best target. Keep your numbers every day to check up on your progress. As a scalper you need to increase your balance a little bit every day you trade. Scalping is mostly about account safety and consistently trading for small gains over the long haul. If you can increase your account 1% every day you are in good shape.
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June 05, 2019, 10:20:44 PM
 #60

Is there any tested strategy could I use to scalp 500$ to make them doubled within 2 month or in another word make 2% profit per day.
Any ideas?!
Is it worth?!
which trading platform can I use?
It is just small to make 2% profit everyday. In order to achieve that goal, you have to make some additional, it maybe another $500.
In doing scalping, you must be sure that you are in focusing into you trade, the market is so volatile and you must have to take advantage on it as you tend to make 2% everyday which is very challenging into your part if you are not working it well.

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