No gains, 1 Minute Scalping Strategy

[blockman]

Any suggestions regarding a longer timeframe that I can use?

If doing scalping, what I usually see is they're setting a 15-minute time frame. But you're free to test any time frame that you're going to do well. If 1 minute doesn't work well for you, change it and see to the next time frame that you may set. Also if the profit you made isn't that much, if there's a margin that you're about to set, take note of it. Otherwise if scalping for any time frame that you're doing don't work still, maybe scalping isn't for you and try the other way of trading like putting a day or two or even a week or longer for your trades until they mature.
Something like that might work for you but if not, just keep on going on if you're persistent in trading and you're seeing yourself doing this for so long.

If you still don't make the money then you need to make a new strategy.

Yes, that's what everyone is saying and if something isn't working for them, then that strategy has got something wrong so change the plan, change the strategy and see the results again. And do it until something works.

[gunhell16]

Hi everyone,

I am a newbie.

I started trading BTCUSDT P. and testing a 1 minute scalping strategy (including several indicators) at the moment.

So far... I don't manage to gain any profits from the trades that I did place lately. I do manage to win trades, but the issue is that the fees killing my profits!

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike  

Why is a percentage of the fees deducted from you? And what kind of trading are you referring to? Spot? Derivatives? Futures? or Perpetual? Honestly, in all my years in this industry, I have never done or tried 1 minute. timeframe for scalping. Since I am not a professional or expert trader in this industry, I only know a little about trading in crypto.

So if you tried that, does that mean you are one of the trading experts? because the one doing the scalping took 1 minute. Only experts and professional traders can do it; it is not possible for newbies or those who don't know or are just starting to learn crypto trading.

[yhiaali3]

Scalping depends mainly on short trades and small profits, so do not expect to make a lot of profits from the scalping strategy within a 1 minute period, especially if the fees are high.

Making profits requires a longer period of time, as small profits resulting from quick trades accumulate, and in the end you can get a good profit, but you need more time and an increase in the number of trades.

To improve profits you must choose longer time frames and use limit orders otherwise all your profits will go to fees.

[Woodie]

As much as you want to be in and out of a trade as soon as possible,  unfortunately the 1 minute time frame isn't for beginners based on the fact that its  very noisy to the extent of it not following high time frame bias.. which means more likely to take you out of trades occasionally.

For a better winning rate, I would suggest you move to the 5min or 15min to clean out the noise and see yourself catch more winners and still be able to scalp on these timeframes without a problem.

[jeraldskie11]

If you are just a beginner in trading, you have to trade on spot first and prove to yourself that you can gain through that way. If you made it, you can try futures trading but you need to put a small margin first for test but before you do, you must backtest your strategy.

Before you start live trading, trading plan is a must. Don't ever jump into trade if you don't know what to do because you're just gambling. Imagine, you still experience losses even though you have a backtested plan, how much more if you don't. Aside from that, journal your trades.

[tjtonmoy]

Do some experiments with different time frames and different trading volumes. You need to collect data from those trades and make an average for each time frame for the best scalping method. This is why people say never get hooked on one strategy. Have multiple in your arsenal so that you can use them to bring out the best of every trade based on the situation or market condition.
Recently the market is not in its best condition. There is less volatility to get profits out of any scalping. It's been moving sidewards and this is the worst pattern for any trader. Because the market could move in any direction at any point. If you want the best outcome, consider giving it a rest before the market becomes normal again, or good for scalping again.

[michellee]

I do not have the courage to trade using 1 minute scalping because the movement would be too fast and I would not be able to follow it, especially in this situation. I suggest you look at different time frames, for example, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 1 hour. You will find which time frame is suitable for you.

I usually use a time frame between 10 and 30 minutes for trades that are not too tight so I still analyze more. I will only use a 1 minute time frame if the movement is good and there is upward movement or in the other name, the market is in bull run so the opportunity to make a profit is greater but that is rare for me doing that.

You also have to pay attention to your profits and trading costs. If the costs are greater than the profits, you are still at a loss and should wait until the position price exceeds your purchase price so you can make a greater profit than the trading costs.

[Huppercase]

Hi everyone,

I am a newbie.

I started trading BTCUSDT P. and testing a 1 minute scalping strategy (including several indicators) at the moment.

So far... I don't manage to gain any profits from the trades that I did place lately. I do manage to win trades, but the issue is that the fees killing my profits!

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike  

What were you thinking in the first place for using 1 minute time frame to trade? For a reminder, a candle time frame determine the amount of profit you are going to make, using 1 minute time frame to trade BTC/USD is as good as wasting your time because you will never make anything from it unlesss there is a pump that happen and for you to make anything for that 1 minute, you should have BTC bought before the pump and you must sell under that 1 minute before it close. It is not good to trade under 1 minute except you are learning trading, start from 60 minutes upward as a daily trader.

When there is high volatility in altcoins, you can play around the ones that is mostly traded with volume but just as said, they are highly volatile, you can make something from the 1 minute candle and you can lose something in the process, they are fun to play with and not to be traded for any financial profit else your hands will burn before your eyes.

[Sebas.tian]

Short term trading will not allow you to make a good profits from your investment, because many traders has tried it in the past but they only achieved a little profits that made them to switch to long term trading which is the best for traders to use to experience positive results at the end of their trading. Since you are a newbies in this aspect, I will advise you to trade when the price is high in the market, if you truly want to maximize your profits from your trading, and you want to be happy when you trade in the market just apply long holding. Don't allow fees of any coins to distract you in this bearish season because it will be difficult for you to loss your capital in that particular coins in the market.

[wxa7115]

Hi everyone,

I am a newbie.

I started trading BTCUSDT P. and testing a 1 minute scalping strategy (including several indicators) at the moment.

So far... I don't manage to gain any profits from the trades that I did place lately. I do manage to win trades, but the issue is that the fees killing my profits!

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike  

You have answered your own question, the shorter the time frame that you use to try to trade the markets the greater the effect the fees are going to have, as they will be a higher percentage of your profits.

I would also like to mention that in my opinion you are simply not ready to trade in such an intensive way as you have admitted that you are a newbie, and when it comes to scalping the most important factor that determines if you will make profits or not is your execution, since a single second can be the difference between making profits or not, and I doubt a newbie has the ability to perform perfectly under such difficult circumstances.

[Jatiluhung]

The problem I think is in the percentage of profit you take. You must also take enough profit to cover your trading fees. For example, if the trading fee is around 0.2 dollars. So you have to start taking profits when the profit reaches more than 0.5 dollars. And you will get a little profit from your scalping activity. I've also done scalping and sometimes it works. But unfortunately I had to stop it because I was too busy working and didn't have time to keep looking at market charts for a long period of time. And scalping usually requires us to monitor the market continuously. Because we can miss the moment if we are careless. And it can even make us experience losses. Because Scalping is a type of trading that has the highest level of risk.

[kingvirtus09]

The truth is that if you trade short-term, your timeframe is only one minute. Why do you work as a scalper? Is it a lot of experience in a short period of time? In such a case, it appears that we will rarely make a profit.

You can never be certain of making a profit while trading in such a short duration. It appears impossible, especially in today's market, where the movement on the chart graph for each exchange is not extremely aggressive. So, why are you making the costs an issue?

[Assface16678]

Fees are not the reason why you feel or don't earn totally; it's your strategy. The 1 minute strategy in trading is also a way to earn, but it's too risky. Even if you have indicators, as we know in trading, there is no 100% accuracy, so you will consider margins or the range of when you will enter your trade, so there will be a downtrade. What if after one minute the price spikes more, or between one minute and one minute the price goes the opposite? So it's not advisable, so do 1 minute scalping if you don't have high-accuracy indicators, or if you do technical analysis or any other way to map your trades, then make sure you will earn from it. You've mentioned that you are new to trading, so I suggest you study more about trading. It is a long process for you to become an expert in that field, and you will need to invest in knowledge first if you don't want to end up losing all your capital. I've experienced that, and I'd say gaining more knowledge and techniques will be worth it. 

[asyakashi]

That's the case, unless you bring in more capital. like you brought $100 or more. but I really don't recommend doing prepetual trading in very short timeframes. make it one or an hour because it definitely does not bring you in huge transaction costs even if you profit after the trade.

[kojektea]

I'm not even familiar with one minute trading. except for binary trading which is usually used for fast trading. I am used to using a time frame of 4 hours or even a day. I understand it's slow. but it doesn't cost much compared to the benefits we get. of course this is because the profits are greater if trading for a longer time.

[taufik123]

Trading fees quickly kill your profits, so how much capital do you use for trading?
Fast trading or scalping is not as easy as you think, besides requiring an understanding of trading analysis and the use of good tools and indicators, you also have to use large capital so that profits are kept safe from the costs used.

Trading fast, then buy and sell orders are done quickly and often.
If you only use a capital of $100 or below it will not mean anything, it will only make a little profit even as you said, the fees kill your profits.

[Natsuu]

Hi everyone,

I am a newbie.

I started trading BTCUSDT P. and testing a 1 minute scalping strategy (including several indicators) at the moment.

So far... I don't manage to gain any profits from the trades that I did place lately. I do manage to win trades, but the issue is that the fees killing my profits!

I am wondering if you have any suggestions regarding the above?
Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike  

All you need is to ask yourself, are you truly scalp trading or you're just impulsively trading?

Because in scalping, it is fast phase type of trading. You're most of the time in the lower time frame. And not because you're sitting at your desk or the market is trading doesn't mean you have to trade. Next thing is solidify is your strategy truly working? If so, do you have data to prove it?

Most of the time the answer is no that is why you are hesitant if you're going to hop from scalp strategy to another. Remember this, in trading regardless of the timeframe you are using, you still need to be patient for the best opportunity.

[BitcoinTurk]

Maybe I should move to longer timeframe and not scalping in order to make profits?

Many thanks
Mike 

First of all, I think you are not making profits by trading the way you mentioned for two different reasons. These are that transactions made within a very short time period don't cover the commission payments and that a price movement with profit potential doesn't occur due to the very short time period being preferred.

I would like to point out that the time period you used is very short. Based on this situation the percentage of each price movement you get in every transaction is very low and this actually prevents you from making a profit because it is less than the commission paid in buying and selling transactions. Again, due to the small time frame used you can never evaluate potential price movements and you buy and sell at prices that have barely changed. This similarly causes you to not make any profit from the transaction and to not make any profit due to the higher commissions paid than your profit.

My personal opinion would be to change the time frame you use to trade to at least 15 minutes or more. In this way you can evaluate potential price movements more easily and make real profits by not buying or selling within a very narrow price band. Also, I would like to remind you that this advice is only for daily buy-sell transactions and in general a minimum of 4-hour chart should be used for percentage profit targets. It would be healthier to analyze using a minimum 4-hour chart especially for buy-sale transactions that will be carried out for a certain percentage target or for a certain period of time.

[el kaka22]

Scalping will definitely cause a lot of trouble if you are not good at it, it is not that simple and there are way too many people doing it for something that is called scalping. I mean it is the crumbs of the crumbs and they are trying to make that profit and if too many people do it, think of how you could share crumbs between all that many people, you can't so some will have to fail.

Either you get very good at it with the great tools and quick moves or you should stop it and instead do spot trading instead of scalping, that would be simpler, you could still do intraday trading, or trades that take just a few days but not more than 5 days, but at least that would be bigger pieces and you could make some profit doing those as well.

[wxa7115]

I'm not even familiar with one minute trading. except for binary trading which is usually used for fast trading. I am used to using a time frame of 4 hours or even a day. I understand it's slow. but it doesn't cost much compared to the benefits we get. of course this is because the profits are greater if trading for a longer time.

It is not surprising you have not heard about it, as scalping is the field of experts which know their strategy like the back of their hand and can take the correct decision in a split of a second, and it is also the field of newbies which believe they can do the same even if they lack the ability or the experience.

Scalping is simply a form of trading that is too difficult and even the ones that are good at it eventually leave it behind, as the level of attention they need to give to the markets is simply too high and they eventually become swing traders or even long term investors.