[scalpers] Don't just join a moving train

[Zilon]

Scalping is one type of Trading where traders trade based on the direction of a particular candle stick waiting to take profit once the candle makes a little move above the entry point. This Trading technique can be very attractive and fast way to make profit but it can keep a trader stock mostly when the decide to scalp at the end of a trend and get carried away by it's volatility.

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

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

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[jackg]

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

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

Avoiding setting a stop loss is definitely a problem with that strategy as well as assuming it's good enough on its own. The thing with avoiding setting a stop loss has been criticised in other threads about copy-trading and it's easy to see when a copied-trader over leverages as the fund drastically reduces.

If you're mixing the "set order in direction of movement" with some technical analysis then you'll do a lot better than if you weren't (as long as you set comfortable take profits).

[ethereumhunter]

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.

[sujonali1819]

Yes, trying to catch the running train it's always bad idea and most of the time it go away without the man. And if sometime someone can catch the train but it has a lot of risk. Anytime any accident can happen. Just exactly like this can happen in trading world. And most of the time it gives us a bad experiences. The only way of reducing the lose in these trade like running trade is Stop Lose which is already said. So make sure you have a good habit of using stop loss before joining these running train.

[palle11]

From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

Scalping is a very fast way of trading and so it won't allow for putting in the stop loss. Mainly it is not the fault of a scalper not to use stop loss and that is why it is the most dangerous trading pattern, you can get stocked in losses when you enter a wrong scaping position. When you don't trade with stoploss and you go into losses, it is difficult to stop the trade on losses. Using stop loss is better in all trade.

[Ararbermas]

Mostly scalpers were gaining quick profits only wherein they don't stay for long time and waiting for more highs, i mean when they see a break out pattern then they will place order and after that waiting only for the  bearish candles to pop up then dump and wait again for another opportunity where they can place another target.. It's very easy to be honest and for me it's the most safest technique when it comes day trading but it requires a lot of knowledge and skills.. .

[Zilon]

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.

I have been a victim of this on several counts most times I see a major support or resistance zone and get carried away by some fake volatility which would just keep me stucked in the market. Most times using stop loss could be very frustrating because the market just triggers the stop loss before moving your predicted direction. I think it's better a scalper maintain the formula of buy the candle at a low point and wait to take profit once it goes higher above it's current address price or sell at a high price and what to take profit once it sells below the current price

[stomachgrowls]

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

Being a scalper isnt really an easy thing and it would be wise if you dont directly dive in with this kind of trading but instead focus up yourself on being sustainable on being a spot trader with having that swing/trend type
kind of trader and once you had already a good grasp on checking out with different timeframes then this is the time you do try on making out scalping trades and for sure this isnt really an easy one and there
are much differences in terms of the volatileness that you are facing off.

Most of the time you are dealing with low time frames neither 1m or 5m or 4hr depending if you do know on how to find out some biases between timeframes.Basing up on experience i could really
say that it is hard.

Deal with it when you are ready and having that sufficient time to watch movements most of the time.

[Dragonfund]

Scalping is one type of Trading where traders trade based on the direction of a particular candle stick waiting to take profit once the candle makes a little move above the entry point. This Trading technique can be very attractive and fast way to make profit but it can keep a trader stock mostly when the decide to scalp at the end of a trend and get carried away by it's volatility.

That's a dumb move that will hurt any trader involving in such kinds of trades, the only time I jump into trade like this is when I enter the market and I realize that the entire market has serious dump like the similar one that occurred on the day Els Salvador announced Bitcoin as legal tender, that kind of situation aren't meant trader to be doing support and resistance, I buy all the red until I'm become out of fiat and sells back the moment market stabilize and the profits are always good. 

Just imagine joining a train when it's has gotten to it's final destination. Certainly it would have to take you back to it's original stating point before it got to where you meet it. Most scalpers I know don't trade the obvious the just follow the candle volatility. From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

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

Scalping is good way to make cool bucks without doing much but I find it hard to leave my trade more than 4 hours, I don't get comfortable except the situation I highlighted above, I.e when the market has seriously dump, it will be hard to make an instant profits except if there is high volatility for fast moves. This has help me stay out of market making U turn against my trades, I go into market, makes some profit and then I'm out safely, no one gets hurt.

[Mahanton]

Scalping is not that easy, you must still know what to buy and having a good timing is necessary. Scalping are focus more on the price movement and they didn’t bother if they enter at peak, because they’ll sell right away and jump into other opportunities. Scalping can really drain you, because you are chasing the market but of course if you already know how to do this, then you can have a good profit everyday.

Not really that easy because volatility would really be your main enemy but also your friend when it do goes into the path you are expecting.I dont really see or can compare it on a train because theres no way that it could
go back literally.It is just rather something on being a car where it could go backwards from time to time and drop you on where you are before. Dont risk out on playing with scalping if you arent that ready
but somehow you cant really know if you can do it if you wont try.Just dont push that hard because this type of trading isnt for everybody.

[Wexnident]

From my observation I discovered scalpers avoid stop loss because the are scared of been stopped out of a trade too early only for the trade to end up going in their direction.

And that's stupid, scalpers take profit off of quick changes in the market and having stop loss is an absolute requirement to them (though it also is on all traders tbh). Scalpers shouldn't think of maximizing profit in most situations, they should think of making a profit instead. It's pretty much why they have a lot of trades in a single day, because instead of gaining huge profit in one trade, they do hundreds of trades to achieve the same amount of profit. It's a pain, yes, but it is a trading style where you try to make as much through most of the changes the market makes, hence it would naturally take a lot of effort, unlike hodling for example, which is just you waiting.

[The Cryptovator]

This kind of trade is always risky and I think only pro traders doing that. And that traders are well aware of what they are going to do. Scalpers wouldn't or shouldn't stay long since it's a short trade. Also they do not wait for a big profit. It's just taking advantage of sudden volatile. For me, I don't trade scalp trading since I am not a pro trader and I can't determine where is golden crossing point or so. I just like to join only the train standby at the station. I just stay away from the moving train.

[tranthidung]

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

It is applicable not only for scalping but also for any trading strategy.

• Closing your position to protect your capital.
• In trading, protect your capital is a must.
• It is best if you earn profit after you close your position
• It is good enough if you close your position with a draw, just to protect your capital
• It is bad (but still good enough) if you close your position with minor lose because you still successfully protect your capital
• It is worst if you don't close your position and let the market closes it via liquidation

Scalping is the most controversial way to make money. My experience for 4 years

[Rruchi man]

Scalping is good, but for the likes of me that handles a lot of things daily, you may get distracted if you scalp and forget to close your trade, and since OP says he has noticed that most scalpers do not set stop losses, if you fall into that category, it might not be a good day for you as you will run into losses.

I do my trading with targets daily, it is better for me.

[ethereumhunter]

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.

I have been a victim of this on several counts most times I see a major support or resistance zone and get carried away by some fake volatility which would just keep me stucked in the market. Most times using stop loss could be very frustrating because the market just triggers the stop loss before moving your predicted direction. I think it's better a scalper maintain the formula of buy the candle at a low point and wait to take profit once it goes higher above it's current address price or sell at a high price and what to take profit once it sells below the current price

I guess you are not alone as many traders had the same experienced and unfortunately, we have had that experience many times. So when we decide to use the scalping trade, we really need to be careful because no guarantee to see the price will be up and down. After all, the price can drop too far and it will be frustrating to see the price. Maybe if the market moves fast and we decide to use scalping trade, we need to follow move fast, buy and sell without taking bigger profit and always calculate the fees fast. That can help you to make a profit while you know when the time to stop scalping.

[john_nautica]

Yes it you need to be smart and should quick to decide also some guts some scalpers know that sometimes they are on the end of the trail but still join the ride to at least have some profit and some scalpers don't really do stop loss it's to avoid a fake trap and also since they don't leave the trade on their sight there's no need for a stop loss. It's just based on my personal experience as a scalper.

[Johnyz]

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

It is applicable not only for scalping but also for any trading strategy.

• Closing your position to protect your capital.
• In trading, protect your capital is a must.
• It is best if you earn profit after you close your position
• It is good enough if you close your position with a draw, just to protect your capital
• It is bad (but still good enough) if you close your position with minor lose because you still successfully protect your capital
• It is worst if you don't close your position and let the market closes it via liquidation

Scalping is the most controversial way to make money. My experience for 4 years

Great experience for 4 years and counting, Scalping is also a battle in your mind that you really need to control properly.
Scalping needs a lot of effort, you always monitor the market because you have to buy and sell right away and honestly, analysis might not be useful on this kind of strategy because its more on the trend and you must knowledgeable to gain profit. Securing your capital will allow you to continue to trade, so better to do everything to protect it.

[trickys]

Scalpers don't avoid stop losses... that's a myth.
Scalpers have to be fast so they don't have time to set stop losses but since they monitor the trades, it's fine.

[Stedsm]

Scalpers don't avoid stop losses... that's a myth.
Scalpers have to be fast so they don't have time to set stop losses but since they monitor the trades, it's fine.

That's a myth itself that scalpers have to be fast. You are given stop loss and take profit options available so to quickly set it up even before opening a trade. But calculating a stop needs time or understanding of the trend or pattern + Risk:Reward ratio, and if someone's scalping, it's better not to put a very tight stoploss because it might get hit quickly so even if it goes back to the trader's profit area, he regrets later. Scalps are for mostly 5 - 10 mins, and that's enough time for a trader to either set or trail a SL once he sees his position in profits.

[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.