Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
blockman
on 02/05/2021, 11:43:47 UTC
To be honest I want to try scalping now so I have the same concern as you. But when I conducted research about its advantage and disadvantages, it will require me to monitor the market every minute because I may missed the price rise. In addition, emotions must also be set aside because it may affect in the way of making sensible, logical decisions. I also asked someone, he said it still requires analysis.
That's really a requirement when you are doing scalping. You must be there from time to time to monitor the prices. Because if you don't do that, you're not scalping but instead you're just positioning.
But regardless what we call it, do the strategy that will make you comfortable and at the same time profitable.