No gains, 1 Minute Scalping Strategy

[kingvirtus09]

You ask similar question just nit long ago: https://bitcointalk.org/index.php?topic=5467688.msg62884510#msg62884510

Read what I posted there.

If it is derivative market, the fee on Bybit for makers is 0.02%, but for takers it is 0.06% which can be too much for you.

On OKX: Marker fee is 0.02%. Taker fee is 0.05%

On Binance which I have advised you to use, it has lower fee, especially the taker fee of 0.04% or lower.

If you want to gain more, set taje profit so that (using limit order if available) so that only maker fee would be deducted from you after you make the profit amount you want to make.

We now know that the trading charge at Bybit is that minimal, because 0.04% will not be felt in reality if we perform trading activity with derivatives, correct? However, as far as I am aware, this is not the case in spot trading.

However, thank you for the information. That you provided this is still of great assistance, not only to the OP but also to other members of the community here on the forum site. When I trade, I don't consider the trading cost because I don't notice it when I trade on Binance, Kucoin, Bybit, and other exchanges.

[1715002692]

1715002692

[1715002692]

1715002692

[Patrol69]

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.

Timeframes I don't think it is very important for trading which timeframes one is using for trading. 15 timeframes are better for me to understand the market, so can you tell me if I should use one hour or longer timeframes?
Timeframes will be easier to understand for those who understand them. There are many who use timeframes of one minute or a little longer and they trade successfully. The profit or loss of training will depend on our trading skills. If we have no idea about trading but if we fuss too much about timeframes then we will never be successful in trading. First we need to know about trading. When we get to know about trading, we will have to trade in those timeframes which will be convenient for us to trade.

[Wind_FURY]

You ask similar question just nit long ago: https://bitcointalk.org/index.php?topic=5467688.msg62884510#msg62884510

Read what I posted there.

If it is derivative market, the fee on Bybit for makers is 0.02%, but for takers it is 0.06% which can be too much for you.

On OKX: Marker fee is 0.02%. Taker fee is 0.05%

On Binance which I have advised you to use, it has lower fee, especially the taker fee of 0.04% or lower.

If you want to gain more, set taje profit so that (using limit order if available) so that only maker fee would be deducted from you after you make the profit amount you want to make.

We now know that the trading charge at Bybit is that minimal, because 0.04% will not be felt in reality if we perform trading activity with derivatives, correct? However, as far as I am aware, this is not the case in spot trading.

However, thank you for the information. That you provided this is still of great assistance, not only to the OP but also to other members of the community here on the forum site. When I trade, I don't consider the trading cost because I don't notice it when I trade on Binance, Kucoin, Bybit, and other exchanges.

Lower fees might help, but obviously the result for OP could be the same, and it's merely extending the situation before the inescapable fact. - That like 90% of active "day-traders", OP's money could go to the top 10% of winning traders in the market.

Because we're mere plebs, It's obviously better to have a very low time preference investment strategy. It's also better for our sanity.

 

[Ahli38]

I am used to scalping almost every day. But I don't like doing that to BTC. Because one thing you have to pay attention to when scalping is that you have to use trading pairs that have high volatility. Like coins that are hype and stuff like that. If you want to do it in BTC then you have to do it when there is an economic event where high volatility occurs. Apart from that, I think it is difficult to do in one minute. But I don't recommend this for those who are not used to it and don't have enough experience. Because scalping is much riskier than regular daily trading. I personally scalp more than a minute. The TF used is indeed a one minute TF. But from the entry and exit positions, it certainly takes more than a minute or sometimes less. Usually we can enter and exit within 1 minute if the coin we are investing in is having a big event and is at the peak of hype. Where prices continue to fall and rise very quickly. But if we are too hasty then of course Fee can run out of profits. That's why we only take profit when we have calculated that the profit is still remaining after deducting the fee.

[Timmzzy]

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  

One good advise i will give to you is stay off scalping if you are not a fast trader, because i think this term should be for those who are stable at home doing nothing and have stable internet, because my dear scalping has really messed up many traders psychology, but still wont understand or probably dont wanna understand the fact, for me am a day trader and this has really gave me a peaceful mindset when am in the market dealing.