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

[savetheFORUM]

I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?

When you have limited capital and it is all that you have, you shouldn't trade in futures specifically with high leverage because if you got liquidated, you will be left with nothing at all. It's better if you simply do scalping in the spot market which might give you good profits and also won't have the risk of your total capital vanishing in thin air. However, even scalping isn't as easy as it may sound because most of the coins that pump and dump quickly are risky.

So when you are in the spot market hoping to do some scalping, you will need to find assets that are moving fast and in a positive direction, you will need to enter very quickly and also exit very quickly as well with just a small profit so that you don't get late and have your capital stuck forever.

[Oshosondy]

When you have limited capital and it is all that you have, you shouldn't trade in futures specifically with high leverage because if you got liquidated, you will be left with nothing at all. It's better if you simply do scalping in the spot market which might give you good profits and also won't have the risk of your total capital vanishing in thin air. However, even scalping isn't as easy as it may sound because most of the coins that pump and dump quickly are risky.

Spot trading is safer than derivative trading, but all that is required is discipline, controlling your emotion and not going against your trading strategies and plans.

1x leverage is almost the same as spot trading but in a way you can also open short position. What that is dangerous in derivative trading is increasing leverage and trading of very volatile asset. As for me, I prefer to use bitcoin.

So when you are in the spot market hoping to do some scalping, you will need to find assets that are moving fast and in a positive direction, you will need to enter very quickly and also exit very quickly as well with just a small profit so that you don't get late and have your capital stuck forever.

Maybe, but that is not how I trade. I prefer to use less volatile assets like bitcoin, but also with low leverage. Scalping is not as easy as it seems, sometimes a trader will not have any option than to keep a position opened for long, especially if the trader uses a very low leverage.

[palle11]

Not only that, earning $1 to $2 dollar a day is better than losing to trading. That makes it satisfying for me. There may also the good days, like yesterday I went short and I earned up to $38 because I knew the market might went down. Although I used $630 for the trading to open 1x short position.

This seem like the point that I was making in my earlier post, having a strategy that gives a steady profit despite how small it is, is better than making losses because it brings your confidence level down and you will lose courage to continue. Therefore no need to ask for a better way to trade but only to add to your risk appetite which you have done and you have seen increased profit. But while increasing your risk appetite, you have to be sure you apply your stop loss incase the market change backwards against your plan.

[Kiedx]

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

Scalping goods for minutes excution
Day traders goods for holding
  so definitely it depends on you how to
 make profit  in trading its how you to execute the market its on how you analyze it

[bettercrypto]

Isn't what scalpers often do is in margin trade or perpetual trading they perform these activities? because if they do it on the spot, it doesn't seem that easy in my understanding and based on my experience in using spot trading. and also cannot avoid the risk that will be faced there if you pay too much and lack knowledge.

So I think it is better to use perpetual trading than margin trade in my opinion. though I know it's the same, it's still a risk.

[isaac_clarke22]

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.

[palle11]

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.

Lol you might have felt a negative trading during the time you were on it. Nothing wrong with any kind of trading if you adopt the right strategy as advocated by professionals and the first and most important thing to do while trading is to always be sure you use your stop loss. This is important because most traders will lose their guard and focus on only the profit and the price can drop back to hurt you. So if you happen to go back to trading, you have to use stop loss and low leverage you will be fine.

[AmoreJaz]

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.

[GreatArkansas]

(....)
What are you strategies that trading has been profitable for you?

I'm just using the same strategies with others. But for me, before I become profitable, I have good risk management.
With that, I always have a plan and always stick to it especially having a good risk: reward ratio.

About the technical part when it comes to doing some charts, analyzing patterns, supports and resistances and basic indicators is already enough for me.

[adaseb]

The last few months it was tough to day trade. We basically got barley any volume and volatility was near record lows. Unless you were up 24 hours just to catch 1 or 2 moves, you probably wouldn’t of taken any trades.

Usually during the New York open there was some trades you could take but now it’s mostly sideways actions. Sometimes there is some action but lately it just trades with correlation to stock market and then usually reversed with stocks. Very difficult to trade.

[Oshosondy]

The last few months it was tough to day trade. We basically got barley any volume and volatility was near record lows. Unless you were up 24 hours just to catch 1 or 2 moves, you probably wouldn’t of taken any trades.

Don't you know some traders like low volatile assets? Bitcoin volatility was truly very low and some traders would be frustrated. The traders that would be frustrated are the swing traders. Scalpers and day traders would continue to trade and enjoy it because as bitcoin price moves a little they would have already closed the position opened.

[Franctoshi]

I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?

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.

[taufik123]

The last few months it was tough to day trade. We basically got barley any volume and volatility was near record lows. Unless you were up 24 hours just to catch 1 or 2 moves, you probably wouldn’t of taken any trades.

Don't you know some traders like low volatile assets? Bitcoin volatility was truly very low and some traders would be frustrated. The traders that would be frustrated are the swing traders. Scalpers and day traders would continue to trade and enjoy it because as bitcoin price moves a little they would have already closed the position opened.

Scalpers need the ability to read market conditions quickly, master technical analysis, and have considerable capital.
If a scalper only uses a small capital, the profit earned is also small. The greater the capital used, the more profit each trade will bring.
But remember the risk is also getting bigger. Focus on fast trading and don't be late to enter and exit the market.

Bitcoin, Ethereum, and BNB will be suitable coins for scalpers, but some coins with high volatility also provide an advantage because the movement will be faster and orders are quickly executed.

[Queentoshi]

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.

If you as a trader can trade without losing, even if you make little profits, it will still be profitable trading. The major goal of every trader in either forex or cryptocurrency will be to make profit and stay profiting from trading. If high risk management practice involving use of safe leverage can help you achieve that, then it should be a part of your strategy. Get familiar with the emotions that come with one level of leverage before you ever consider using a higher leverage to trade.

[Lanatsa]

I have been trading with just just $500 for a long time now, the story was a success, but the profit is minimal. With $500, the day gain can be as low as $1 to $2.5. No leverage than 1x to start. But I will go up not more than 3x to 5x max while losing to let the entry price with the mark price become closer for better profit.

But there are days that are not favorable and I left the position opened if it is still just 1x.

Increasing the leverage increases the risk and the closer the liquidation, but 5x is still good.

This makes trading to be positive for me as I do not use too much leverage that has been making me to lose and lose in trading.

What are you strategies that trading has been profitable for you?

Find yourself to be comfortable first on spot trading on using up that 2x lev and even if you are already that earning that peanuts or too small then what you do really need here is consistency because trading isnt really a race on which you are really that thriving yourself on making profits as much as you can in a short time and this is something a behavior which needs to be eliminated because this would really be making out that kind of desperation which would lead into impulsive trading decisions which is something that not really recommended. I have been used on trying out to scalp or daytrade on which you would be basically

be depending on indicators or tools which usually on moving averages and even on RSI whether on oversold or overbought on which you could really consider out on positioning yourself on this time.
How to make profit? This is something that we are the only ones who do able to find out because we do have our own ways on how to trade and how to make out decisions on certain conditions or moments.
Profitability would really be always vary on each trader and we know that there are different types which one does love on shorter ones and there are ones who do really love holding.

[Captain Corporate]

The time spent on this doesn't really feel like its worth it to be fair. Maybe I am wrong and there are some people who made some great returns on this, but most of the time it doesn't feel like that at all. I think it should be something that makes you a lot of profit to make it worth it, otherwise there is really nothing that worths it at all. I think it should be something that needs to be  considered as hourly work. So lets say you made 50 dollars in 10 hours of work, congratz you just made 5 dollars per hour. When you start to consider it that way, it starts to not be that great, sure you may look like you are making a lot of money, but in reality you are just selling your hours for cheap.

[el kaka22]

It is really a situation where it would be not ideal if you are not happy with the results, it will definitely reach to a point where it could be a lot more different to a lot of people and we should just make it work the way it is. I get that some people will not be happy about it, but as long as we are happy about it, that should be fine.

I get that some people will want a lot more from trading, and they want to maximize and optimize it all, but sometimes it will take a lot more time than you anticipated to get there, and you should try to avoid it as much as you possibly could. I get that it will not be simple, but you should be able to do it one way or another. In this regard, it's always happy to just go back to normal levels.

[cute nmp]

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.

[RewFrew]

I am also a crypto trader. I am trading on Binance. I like scalping. I think scalping is best for me. I am huge profited form scalping through future trade. I think scalping is better than day trade. I invested $300 in Binance and i am doing future trade from last month and now my wallet balance is $630. I take position in trade for maximum 5-10 minutes. And my target 2%-3% profit. But some times market go my Against and that’s trade has been long trade, but some times i close trade with loss.

My observation, we should trade will low volume. When we were greedy then loss will happen there has no doubt. So we have to set our mentality low risk low profit otherwise we will loss our valuable fund there has no doubt.

[Stedsm]

There are 2 ways you can maximize your profits through:

1. Increase your leverage in a single ongoing trade, but time it well

If you are trading taking 3-5% risk of your capital and the reward you expect is around 10-15%, then you can do 1 thing here. Long/short whatever you wish to with let's say $25 out of your $500, and keep the leverage to 1x.
Now, if the position is in your favor, just let it run and if you reach your target, voila you're done.
However, if in case it retraces and you're still in profit or come into loss, double the leverage to 2x and let it run.
Now wait for about an hour's candle or two and see the results. Still if you aren't in profits, go to increase your leverage to 4x or 5x max again and wait, now if your position is in profits, put an SL to your entry + 0.5-1% and let it run till your ultimate goal is reached. If it's still in loss, then don't risk the whole $25 and come out of the position at max $5 loss.

2. Increase your position size in a single ongoing trade, again time it well

Here, you keep the leverage intact but keep buying/selling at loss in order to slightly move your entry price near and in this case, you can double it just once and let it run. Do the SL thing same as explained above and don't lose more than $5 again here. The numbers are just for example, however you can try and see for yourself;)