Scalping, my best trading strategy

[sana54210]

scalping is a profitable strategy but one that requires for the trader to take several important decisions daily, and a newbie is simply incapable of doing this under so much pressure as they lack the skill and the experience to do it.

There cannot be any strategy which remain profitable all the times unless otherwise you are continuously updating yourself for market conditions. By market conditions, I refer the influencing factors of markets which include news and Fuds which means no one could update themselves against all news and Fuds.

Scalping probably a good one for some percentage of traders and usually I never go for it. Because, more you trade, the more you may face losses. Instead of going for scalping, a trader may wait for perfect bottom of the day to target the ultimate top of that day given that if good at TA.

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[Pamadar]

Being a scalper is not advisable for newbies here in the crypto space, you should be saying that. Because scalping activity requires you to quickly decide when to buy and sell, you know that dude.

Nayon, if for you this is the best strategy to get a profit, that's good for you, even if the income is small but if it's every 5mins, 10 mins., 15 mins or more it depends on you you can earn quickly but also fast Lose with a little mistake because technical analysis is based on a fluctuation.

One of the most important skills when it comes to trading is our ability to take decisions under pressure, and this is a skill that developers over time, the reason a great deal of people recommend long term investing for newbies as a way to get experience in the markets is because the less decisions they can take the less possibilities they have of making a mistake, scalping is a profitable strategy but one that requires for the trader to take several important decisions daily, and a newbie is simply incapable of doing this under so much pressure as they lack the skill and the experience to do it.

I agree, if you will start things with a long-term goal, you'll be able to experience both pump and dump around the market. This kind of experienced will establish good decision making in the long run.

Once you are already aware of how the market works, then you'll be able to work with different
strategy, scalping is one of those working systems for people who know and understand how to
anticipate where the market will proceed, or the chance of making the right decision is higher.

[AmoreJaz]

scalping is a profitable strategy but one that requires for the trader to take several important decisions daily, and a newbie is simply incapable of doing this under so much pressure as they lack the skill and the experience to do it.

There cannot be any strategy which remain profitable all the times unless otherwise you are continuously updating yourself for market conditions. By market conditions, I refer the influencing factors of markets which include news and Fuds which means no one could update themselves against all news and Fuds.

Scalping probably a good one for some percentage of traders and usually I never go for it. Because, more you trade, the more you may face losses. Instead of going for scalping, a trader may wait for perfect bottom of the day to target the ultimate top of that day given that if good at TA.

if you are scalping a certain coin, definitely, knowing what's happening with the coin itself is a very significant one in knowing where the coin is heading to. because if you will just trade based on the charts, it is not enough as there are some underlying factors why such movements. you can get a hint by following the social media channels of this coin. ANN threads or their respective website won't tell you what's really going on but from their twitter or telegram or even discord, they are more active in saying something about the project.

[gabbie2010]

I love scalping too. But there are several things you need to do in order to scalp successfully: first, find good currency pairs to trade. You want pairs that are moving relatively fast, with low spreads between bid and ask prices. Second, set up your trading account so that you can easily buy and sell currencies.

In scalping the trader usually sticked with a pair that is most volatile example BTCUSDT or ETHUSDT with low commission for crypto while in forex trading trading pairs lsuch as EURUSD, GBPUSD and USDJPY are mostly with low spread, however scalping require maximum concentration and focus by the trader because it involves a short movement of the price and precise entry and exit is the most factor to considered by an experience scalpers however this comes with numbers of years and skills, thus it is not advisable for any newbie to start trading as a scalper else such a trader will rekt their portfolio swiftly.

[Pamadar]

I love scalping too. But there are several things you need to do in order to scalp successfully: first, find good currency pairs to trade. You want pairs that are moving relatively fast, with low spreads between bid and ask prices. Second, set up your trading account so that you can easily buy and sell currencies.

In scalping the trader usually sticked with a pair that is most volatile example BTCUSDT or ETHUSDT with low commission for crypto while in forex trading trading pairs lsuch as EURUSD, GBPUSD and USDJPY are mostly with low spread, however scalping require maximum concentration and focus by the trader because it involves a short movement of the price and precise entry and exit is the most factor to considered by an experience scalpers however this comes with numbers of years and skills, thus it is not advisable for any newbie to start trading as a scalper else such a trader will rekt their portfolio swiftly.

Yes, that statement is true, though there are many factors that needed to consider before you take your money into this kind
of strategy, it's takes time and focus to gain good knowledge in anticipating the market.

Not just a easy buy low sell high which will quickly suck your investment with a single mistake
that you do.

Make sure that you are fully aware with the system and always find lerning whenever you perform
this kind of system.

[borovichok]

In scalping the trader usually sticked with a pair that is most volatile example BTCUSDT or ETHUSDT with low commission for crypto while in forex trading trading pairs lsuch as EURUSD, GBPUSD and USDJPY are mostly with low spread, however scalping require maximum concentration and focus by the trader because it involves a short movement of the price and precise entry and exit is the most factor to considered by an experience scalpers however this comes with numbers of years and skills, thus it is not advisable for any newbie to start trading as a scalper else such a trader will rekt their portfolio swiftly.

There are different trading strategy one can use to bring profits from trades. Scalping is one of the worst strategy for newbies to adapt to, but it's very essential and good for experience traders who knows the entire formation of scalping. It's one of the tough method to use in trading because it blows forex accounts easily and run down futures trading accounts into liquidation. I wouldn't advise anyone to start scalping without undergoing well equipped PDFs concerning scalping. My favorite pair is EURUSD pair and it's absolutely understandable.

[Obari]

I can also attest to this scalping technique because it really helps.
With about $2k trading capital, using scalping as your technique, one could easily make $100- $200 a daily without having to be so much greedy and be happy.
Trading is a very lucrative business and at same time also a very risky business and should be done carefully.
I actually don't do alot of scalping because I don't mostly trade with much money since I've not been trading frequently and I barely have the money it takes to scalp successfully.
But I'm sure that the moment I get back into trading again, I'll be doing more of scalping.

[lepbagong]

I can also attest to this scalping technique because it really helps.
With about $2k trading capital, using scalping as your technique, one could easily make $100- $200 a daily without having to be so much greedy and be happy.
Trading is a very lucrative business and at same time also a very risky business and should be done carefully.
I actually don't do alot of scalping because I don't mostly trade with much money since I've not been trading frequently and I barely have the money it takes to scalp successfully.
But I'm sure that the moment I get back into trading again, I'll be doing more of scalping.

Scalping is a trading strategy for crypto assets for a predetermined period of time that can help traders to get profits at a predetermined value and you can say the value is not too big if you want to compare it to trading in general. but in an uncertain market price situation, it is clear that scalping is a process that has no risk and is clearly very helpful for traders. I totally agree that scalping is safer than trading, even though trading can make big profits but with very big risks and you need to be careful and careful in doing the initial analysis.

[Cryptmuster]

Scalping is a trading strategy for crypto assets for a predetermined period of time that can help traders to get profits at a predetermined value and you can say the value is not too big if you want to compare it to trading in general. but in an uncertain market price situation, it is clear that scalping is a process that has no risk and is clearly very helpful for traders. I totally agree that scalping is safer than trading, even though trading can make big profits but with very big risks and you need to be careful and careful in doing the initial analysis.

Why did you decide that scalping is completely safe and does not carry any risks, have you tried scalping? This is probably the most tiring and dangerous thing in trading, you need to follow the charts every minute for a long time, this is very tiring for me personally. What exactly is the safety of scalping? No matter which market is bearish or bullish scalping will be equally dangerous...

[Natalim]

Many traders have different opinions about scalping but I see that most of the replies disagree that it was the best strategy (and I'm going to agree with that also). But then, a trader can just assess if that scalping really works for them or not based on their experience. Of course, if I have been comfortable with this strategy I definitely say it was a good and effective strategy but because other traders don't have it, they simply say it was not.

It might OP have a good experience upon using this then there is no need to argue. In fact, it was her/his choice either.

[LUCKMCFLY]

I was also one of these trying all the strategies (scalping, day trading, break out) and all of them have losses, since it is part of the trading journey you will loose but the most important is you know why you lose as that would strengthen your strategy and improve more. Whether what strategy you are going to do or try on you will need to understand why it is working or not working on you before proceeding to another strategy but again first of all you need to learn trading first do the fundamentals

Yes, fundamentals or the basics.

And then you'll figure it out whether it is for you and if you want to continue or not. Because that's where many newbies are lacking of for their strategy and start.

They just keep on hitting it and then losing money because they don't think that even if the basics, they have to be equipped with it.

I have been looking for many ways to trade with scalping, but wow, it is something very difficult, because there are many strategies, but there is no one that is infallible, the ones I have studied tend to fail, and to be honest they fail more than what I know hit, so I have not found any strategy that is the best and that always wins, some traders are experts in scalping, but I think that there is still a lot to develop, perhaps the AIs can give better details about this when it is already available, but for Now I think that scalping and winning is very difficult, that's what I see, for now I will continue to see many more sterartegies.

[zaki12]

Besides that, before scalping, we must really know which coins have good movements in ups and downs so that we can use every moment of ups and downs to buy and sell. It might look difficult if we don't analyze beforehand so we might get caught in a high price that makes us unable to move. I once made scalping trades but not for too long because the movement turned in the direction I didn't want and made me hold it for a while. But luckily, after a few minutes of waiting, the price could go back up and I immediately decided to sell it and exit the market.

I tried this strategy for a few days, and it only worked when the market was normal.

what we need to realize in crypto trading with scalping techniques, there are three important points that form the basis and need to pay attention to consistency, speed and chart reading skills.

apart from that we also have to be able to see higher volatility so that small price movements can be profitable for us.

[monineklutak]

Scalping is very good strategy as personally i use to follow in scalping user can do better Raik management as compared to the Intradetory. Scalping Decreases the volatility risks of the market sentiments. For now market is dump again i think many of us finding an opportunity as to he more atrong holder somw are excited to take position in trade thats how all this work.

when the market dumps we must be careful in scalping, because once we buy, the possibility of the market going back down will be very open. therefore the discipline of applying stop losses and targets must be maintained. On the other hand, a trader's psychology must be extra strong, considering that the smaller the time frame used, the larger the chart movement will be

Besides that, before scalping, we must really know which coins have good movements in ups and downs so that we can use every moment of ups and downs to buy and sell. It might look difficult if we don't analyze beforehand so we might get caught in a high price that makes us unable to move. I once made scalping trades but not for too long because the movement turned in the direction I didn't want and made me hold it for a while. But luckily, after a few minutes of waiting, the price could go back up and I immediately decided to sell it and exit the market.

I tried this strategy for a few days, and it only worked when the market was normal.

what we need to realize in crypto trading with scalping techniques, there are three important points that form the basis and need to pay attention to consistency, speed and chart reading skills.

apart from that we also have to be able to see higher volatility so that small price movements can be profitable for us.

In using any technique, including scalping, we can't just go along with it,
we must really learn and understand it in order to maximize the technique,
the most important thing is always pay attention to the basics because sometimes people forget about it

[palle11]

In scalping the trader usually sticked with a pair that is most volatile example BTCUSDT or ETHUSDT with low commission for crypto while in forex trading trading pairs lsuch as EURUSD, GBPUSD and USDJPY are mostly with low spread, however scalping require maximum concentration and focus by the trader because it involves a short movement of the price and precise entry and exit is the most factor to considered by an experience scalpers however this comes with numbers of years and skills, thus it is not advisable for any newbie to start trading as a scalper else such a trader will rekt their portfolio swiftly.

There are different trading strategy one can use to bring profits from trades. Scalping is one of the worst strategy for newbies to adapt to, but it's very essential and good for experience traders who knows the entire formation of scalping. It's one of the tough method to use in trading because it blows forex accounts easily and run down futures trading accounts into liquidation. I wouldn't advise anyone to start scalping without undergoing well equipped PDFs concerning scalping. My favorite pair is EURUSD pair and it's absolutely understandable.

Talking about scalping regarding the ideas that you guys have articulated here, I want to say that one dangerous thing about scalping is it can blow your account easily that day trading or swing trading. With day trading and swing trading, you are a little prepared and guiding yourself with the caution of using stop loss but most scalpers don't use stop loss just because the scalping time may not allow for it and that makes it dangerous. Again the network can become an issue if you are already in scalping, if the network goes off then you can't control your order which is a problem because the trade will keep going on and before your network is restored you may have lost your funds.

[ningrum]

I admit the scalping trading strategy is a very good strategy for achieving maximum profit in the short term,
but scalping is very good for traders who have large capital if they play on the spot market because the spot market is a minimal risk thing,
but if traders with not big capital I suggest to futures trading but we also have to remember that it is very high risk of losing all your capital.

[Pamadar]

I admit the scalping trading strategy is a very good strategy for achieving maximum profit in the short term,
but scalping is very good for traders who have large capital if they play on the spot market because the spot market is a minimal risk thing,
but if traders with not big capital I suggest to futures trading but we also have to remember that it is very high risk of losing all your capital.

Good point, scalpers who use bigger capital have a really good chance of gaining decent profits compared to those who use a lesser amount, though risk is always around and you can't avoid that.

As long as you have the right sets of knowledge to anticipate the potential outcome, you can use this strategy,
it will depend on how you handle the risk and how you weight the possibility of getting profits.

[gunhell16]

If you are the type of trader who wants a quick profit even if it is small but the movement is fast in 5mins -10mins time frame then scalping suits you. That's why you need to make a quick decision here or else the opportunity for you to get income will disappear quickly for sure.

This method is also a bit risky, and it is not applicable or not possible for novice traders here in the crypto space. Experience is needed here and emotional is not allowed here.

[bittraffic]

To be honest, I do not see anything positive or extremely beneficial in this strategy. Somehow I even tried to work, but nothing happened. In addition, not all companies even seem to allow trading in this way.

There is a benefit but this is a strategy used by pro traders. I don't know why OP is telling people that this strategy is best for those who don't understand TA. LOL that's the worse advice one can take but perhaps because if a trader doesn't understand the risk, I guess the less aware of the risk the more he can just keep trading in a shorter time frame with small price movements.

Your risk tolerance and your goal will probably make you decide whether scalping is good for you. There are bots for this strategy, I'm not aware which one is good but using bot for scalping I think will not be a get-rich-quick but maybe it will work as what I have heard, they are making money.

[mvdheuvel1983]

Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

Backtesting and demo trading are two things I value highly.
Scalping is the trading method that takes the longest to fully perfect, but once you do, you'll find that it is also the most profitable and allows you to trade for the shortest amount of time—at most, 2-3 hours per day.
Numerous successful traders employ a variety of trading techniques. Another trader might not observe what one does, but they might both make money in the same market on the same day.

[xSkylarx]

Every traders should have his own trading techniques in which he/she make profit the most. Stick to this technique as long as it's profitable to you.

Backtesting and demo trading are two things I value highly.
Scalping is the trading method that takes the longest to fully perfect, but once you do, you'll find that it is also the most profitable and allows you to trade for the shortest amount of time—at most, 2-3 hours per day.
Numerous successful traders employ a variety of trading techniques. Another trader might not observe what one does, but they might both make money in the same market on the same day.

Every trader has their own preferences; some will say trading is very profitable and easy to profit from as long as you know how; on the other hand, it is very stressful and you have to look at the small time frame on it; I also don't use this strategy since I can't see the big picture clearly. I am just amazed at those scalpers because they are earning a small profit per trade, but in the long run they can accumulate it. Also, scalping is not working for me since I do have a job, so I can't look at the chart every now and then.