Short term trading and scalping

[rhomelmabini]

In the meantime, the constant spikes are an excellent ground to do some scalping and get some positive trades.

Lol scalping is good because it is a short cut way for easy money. However scalping is better when you do that on the trend side so that when you miss your target, you can be lucky to get your trade going your direction of the trend but scalping is bad if you scalp against the trend because any missing can lead to your account being wiped off as you will be dragged in losses till the end. Meanwhile, with the current trading chart for bitcoin, I have not seen spikes that is confirming a safe scalping.

I think it's not about the trend when you're scalping, scalpers do not follow that as far as I know as long as there's movement in the market. Other scalpers these days doesn't rely much on manual scalping I guess since there are lot of automation tools to use to , it's far more advantageous considering bots won't rely on emotions.

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[doomloop]

Short term trading or scalping usually have chance at new altcoin listing on the market exchange, for Bitcoin and several top altcoin seems difficult earn profit trough short term trading. I have been waiting for several day with Bitcoin and price still stable around from $16,600 until $16,900.

Having $300 changed price seems not profitable when trading with Bitcoin and having about $17,000 capital, have the same thing with potential or top ten altcoin standing on coin market cap like Ethereum, BNB and XRP. Seems not any drastically up or down values and need waiting few days later for earning profit as short term trading. Seems can't earn profit in daily day with several top altcoin or bitcoin nowadayw.

I think the reason why is because coins like BTC are way too heavy but new coins are still small and can be easy to manipulate, that is why we see an extreme volatility on them but we must be careful as this is also risky.

The price can dump and then it may not recover anymore so better if we can just wait for the top coins to return to their normal volatile state again and they are the ones that we should use for short term trading. I think that can also happen once we end this bear. This won't take long anymore because we are already in this new year and then we are getting closer to the halving event. Just have some patience.

[michellee]

Short-term trading is possible if the price moves up and down as often as possible and has a price gap that you can use to buy and sell. But with the current conditions, I don't dare to do it because I see that bitcoin movements are erratic and can cause me to be wrong in my analysis. I realized that I wasn't very good at short-term trading so I would probably buy when the price was still down and sell when the price was up a few notches. That's still good for me because if I can do that, I still have the potential to make a profit.

[Kelvinid]

I've been bearish the last week or so, looking at the orderbooks primarily to show me where the whales want to push the price. Sometimes it could be spoofing, other times it can be legit selling or buying. Combining different exchange liquidity can help to give an overall picture. Here is my analysis on youtube should you wish to see it -

https://www.youtube.com/watch?v=OPdumALVaQk

Scalping is really hard and I see it was not a profitable strategy in a volatile coin like BTC. I see a lot of market analysis, in fact, I have mine but most of the time I fail to be on perfect timing, and usually, I lose. If we only use Bitcoin for trading, scalping is not good but I see it was effective for altcoins where whales have so much participation.

Scalping can be done when we have a lot of time to spend on the computer but for those who have limited time, short-term trading could be the best choice. Both of them are profitable (or even not) as it will depend on the traders.

[beerlover]

Scalping is really hard and I see it was not a profitable strategy in a volatile coin like BTC. I see a lot of market analysis, in fact, I have mine but most of the time I fail to be on perfect timing, and usually, I lose. If we only use Bitcoin for trading, scalping is not good but I see it was effective for altcoins where whales have so much participation.

Scalping can be done when we have a lot of time to spend on the computer but for those who have limited time, short-term trading could be the best choice. Both of them are profitable (or even not) as it will depend on the traders.

Scalping is "too" hard, I mean sure there are some people who know how to do it, but if you ask me it's near impossible for me to do it. I tried it a few times before and I failed and I have been trading for years now, so that means any newbie out there would have absolutely no chance at all, would not make any logic to do it.

I rather have a situation where it would be smarter to end up with a profit in the long run with holding, or regular spot trading because those are not that difficult to follow up, and would give you an easy way to make profit instead of this insane method called scalping. Even with a lot of time, it's very hard to do, requires you to be 100% focused at all times with no margin for error.

[palle11]

Scalping is "too" hard, I mean sure there are some people who know how to do it, but if you ask me it's near impossible for me to do it. I tried it a few times before and I failed and I have been trading for years now, so that means any newbie out there would have absolutely no chance at all, would not make any logic to do it.

I think some few things outside scalping itself can be attributed to the reason if people say it is too difficult. This can be as a result of :

1: Emotion: When you are on a scalping trade you are between the good and the bad because if the order is profitting, you want to allow more profit but this profit can revert to losses in your presence because of delay to exit the trade in profit.

2: Network: This can become another worring factor if you don't have steady network because you need to be sure the network for scalping trade.