Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
lixer
on 07/05/2021, 08:07:43 UTC
The only advantage that this type of trading has is that it is in the market all the time, any movement can be taken advantage of, but the cons are that it must be on the PC very aware without moving, only very alert, of course these movements they are effective when done with a lot of money at stake.
But, I am not ready to consider the advantages we can enjoy with scalping but I do bother on what are the difficulties I may face if I choose scalping as my way of trading.

1. I am not ready to watch market screen all the day.
2. I do not want small profits even it happens multiple times a day.
3. Even I am good at technical analysis, I do not want to risk against bitcoin's volatility.
4. Multiple trades may lead to big exchange fees unless we are having top tier benefits in exchange fee structure.

I am comfortable with long term swing trading and as well with long term holding for years to get me decent profits after years long holding. So, scalping is not my cup of tea as of now. Probably in future if bitcoin market trades with less volatility, I may consider it.