scalping Bitcoin vs. other assets

[fauzan Ichsan]

It's not close to impossible to learn, it's just hard for plebs like us to profit from consistently because most probably plebs are under-capitalized which doesn't make it easier for risk management.

The other mistake is using a very low time frame like what you posted. Executing trades using a 5 - 15 minute time frame without a bot will just commit you to make mistakes, and from accumulated mistakes, it will eventually make you more emotional.

That is the main problem with scalping, scalping is execution heavy, meaning that unless you can apply whatever strategy you have created in a perfect manner and on the blink of an eye then there is no point on trying to trade in this way at all.

It is better that people start their journey as long term traders and then once they become successful they can transition to swing traders, this way they can minimize the number of trades they make while they give themselves a bigger margin of error when it comes to the execution of their trades.

scalping using a time frame below M15 is difficult to predict, due to wilder movements, at least using scalping, namely M15, for leverage trading, making transactions below M15 is not profitable because there is still a spread when we open a transaction. it is indeed difficult to do, but it is not impossible as long as we want to try, and if you have free time, scalping activities are very profitable and fun. indeed the profit taken is small, but you can make a large number of transactions, the smaller the time frame used, then we will see more opportunities

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[rat03gopoh]

In fact, the operation of cryptocurrencies is very similar to Bitcoin. Usually it is bitcoin that sets the trend in cryptocurrencies, because this currency is the main one.

Not necessarily, fundamentally, altcoin volatility sometimes moves independently depending on project performance regardless of global market trends. Altcoins are more developed because even changing the protocol doesn't need a special proposal. They have an active founder and are known to be the ultimate authority over everything.

[wxa7115]

That is the main problem with scalping, scalping is execution heavy, meaning that unless you can apply whatever strategy you have created in a perfect manner and on the blink of an eye then there is no point on trying to trade in this way at all.

It is better that people start their journey as long term traders and then once they become successful they can transition to swing traders, this way they can minimize the number of trades they make while they give themselves a bigger margin of error when it comes to the execution of their trades.

scalping using a time frame below M15 is difficult to predict, due to wilder movements, at least using scalping, namely M15, for leverage trading, making transactions below M15 is not profitable because there is still a spread when we open a transaction. it is indeed difficult to do, but it is not impossible as long as we want to try, and if you have free time, scalping activities are very profitable and fun. indeed the profit taken is small, but you can make a large number of transactions, the smaller the time frame used, then we will see more opportunities

I am not so sure I would think of scalping as something fun, now earning money is without a doubt a good experience, however when it comes to scalping that money comes from hours of intense concentration in which you need to watch many different charts and make a trade as soon as the conditions to open a position are fulfilled.

This not only does not sound as fun at all, it is also incredibly stressing and this explains why even profitable traders eventually leave scalping behind as they cannot deal with the pressure to perform perfectly each and every time.

[taufik123]

I am not so sure I would think of scalping as something fun, now earning money is without a doubt a good experience, however when it comes to scalping that money comes from hours of intense concentration in which you need to watch many different charts and make a trade as soon as the conditions to open a position are fulfilled.

This not only does not sound as fun at all, it is also incredibly stressing and this explains why even profitable traders eventually leave scalping behind as they cannot deal with the pressure to perform perfectly each and every time.

Scalping is a fast trading method that does require more concentration and knowledge in technical analysis and candlestick reading.
That's because you have to determine when to enter and exit quickly.
Time frames below 15 minutes are the best for scalping because the movement will be very fast.

There is nothing easy when talking about scalping methods, for those who are already professionals and have a lot of money to trade scalping, it will provide instant profits if they do it right and fast.
But for some people who are still untrained and their psychology is not ready, scalping will be a place where they waste money for nothing.

Choosing which coin to scalp is also important. If you choose Bitcoin but with low Votality, of course, there will not be a fast transaction.
Bitcoin still tends to be sideway. The right coin for scalping is one that is still hyped with high volume so that transactions will be faster.

It is not fun to do scalping every time you trade, it will make our eyes have to always focus on the candles, and the scalping method is used only when ready and able to do it. The rest of the time trade leisurely, without burdening your mind.