Scalpers and day traders, what makes you to make profit in trading?

[justdimin]

You are really using a suitable approach to trading the market because your style of trading shows that you are considering risk management factor which is one of the key factors to succeeding in the trading world. This is the same approach that I've been using lately, and it also works out fine.
 
One thing with most traders who usually lose money in trading is that they forget that keeping that capital alive is paramount because that's gonna keep you staying in the trading business. If you are a good trader that applies proper risk management you will barely blow your account despite how bad the market is.

As long as you check every possible outcome, you are going to be ready for them and it is not going to hurt you on the long run. I understand that it may not be the ideal situation you want to see, but that is going to be the case for most veteran traders.

There are two options, either you are going to trade like a newbie and hope for a huge return, which most of the time ends with losing a lot of money, or you will be like a veteran and get a short little uptick which you could be at least certain about. I think it's better to have that little short uptick in income constantly and consistently, that way you will make a good return without a doubt, it should be the most important thing in your arsenal to keep doing it all the time.

[Oshosondy]

Personally i prefer day trading to scalping cause it is much more safer ,the cryptocurrency market is very volatile and one can easily lose a lot of money trading it . Although scalping can be more profitable cause of the abundant trade opportunities in the market i choose the day trading strategy cause it is not as risky as scalping  and can help me protect my funds.

Scalping and day trading are the riskiest among all types of trading. In fact, they are not different at all. Just like I have once said, some scalpers will be losing and turn the trade to day trading. And some day traders will want to leave a trade but the market will go to their direction and they make money within some seconds, minutes or within an hour and they will close the position opened which makes that a scalp trading. You may not know these if you have not been trading. Both are the riskiest but you can use the strategies to make them less risky.

[348Judah]

Personally i prefer day trading to scalping cause it is much more safer ,the cryptocurrency market is very volatile and one can easily lose a lot of money trading it . Although scalping can be more profitable cause of the abundant trade opportunities in the market i choose the day trading strategy cause it is not as risky as scalping  and can help me protect my funds.

Scalping and day trading are the riskiest among all types of trading. In fact, they are not different at all. Just like I have once said, some scalpers will be losing and turn the trade to day trading. And some day traders will want to leave a trade but the market will go to their direction and they make money within some seconds, minutes or within an hour and they will close the position opened which makes that a scalp trading. You may not know these if you have not been trading. Both are the riskiest but you can use the strategies to make them less risky.

There's close similarities between the two if one understands the strategy in both, one can easily move from scalp trading to day trading in some circumstances, the main idea that should be well portrait from this discussion is in the understanding that both are day trading, or happens within a day, I will recommend an article to further his readings to understand more about their similarities and differences https://www.daytradetheworld.com/trading-blog/scalping-vs-day-trading/

[palle11]

No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.

At least for the OP, there were still somehow a profit. Mine sucked back in the days and that's why I quit day trading.  There is indeed no perfect trades, but when you know that it is not working out at all. Maybe time to call it quits for now.

I would crap myself if I was already making a steady of $1. I was waaaaaay below that when I tried during those times. I am not ever going back again to that hellish exhausting trading days.

but is it worth it to continue your trading if you are just making a steady profit of 1-2 bucks? with all the effort and time you are dedicating into it. maybe, there are more worthwhile activities that will give you better earnings. but this will depend on the person. if he is just comfortable doing this over and over again even if the profit is small, then go for it. but for me, i maybe looking for other side jobs that will give me more income.

No doubt that steady little profit is better than continuous losing of little capital because at the end of the day, the capital will keep reducing until it is gone but if you get to accumulate your profit no matter how small if it is steady, you will have some success story. I was saying therefore that to add to the profit strategy will mean a little more increase in the profit while the strategy still remains the same. As a trader who is making profit, you have lesser work to make more profit only you have to maintain your strategy.

[poodle63]

Personally i prefer day trading to scalping cause it is much more safer ,the cryptocurrency market is very volatile and one can easily lose a lot of money trading it . Although scalping can be more profitable cause of the abundant trade opportunities in the market i choose the day trading strategy cause it is not as risky as scalping  and can help me protect my funds.

Scalping and day trading are the riskiest among all types of trading. In fact, they are not different at all. Just like I have once said, some scalpers will be losing and turn the trade to day trading. And some day traders will want to leave a trade but the market will go to their direction and they make money within some seconds, minutes or within an hour and they will close the position opened which makes that a scalp trading. You may not know these if you have not been trading. Both are the riskiest but you can use the strategies to make them less risky.

agreed with this though scalping and day trading is riskiest when it comes to losing money, some small rumours and the money is done for, literally vanishing into thin air, though not whole of them.
but roughly thats the thing with these scalping and day trading.
there are many stories already that scalpers not only limited in cryptocurrency and stocks, but also commodities and even gaming console that have massive lost, though there are also story that says they are profitting big time but thats the thing with these scalping and trading, there is always possibility that things go wrong and the money is lost.