Post
Topic
Board Trading Discussion
Re: Is Scalping even viable in Cryptocurrencies?
by
dunfida
on 30/05/2021, 18:59:28 UTC
For me scalping is good for the experts only but not applicable for the newbie who doesn't have any idea or knowledge about here in cryptocurrency. Though, through scalping we can really able to earn fast if we do it properly and no mistakes. But if not, you could also be rekt in the end for sure. You must be aware of the disadvantage of scalping and do not look for the positive side only.
It won't be for newbie anymore if that newbie gains experience as he do scalping. It's not really for the newbies because all they know is that trading is easy and can be learned overnight. And that's a wrong mindset and belief because it takes time and patience before they'll manage to earn good amount through scalping. As long as it's on spot trading, they can learn it through time but it won't be that easy if they won't have experience including the possible losses that they may incur. But with that, they'll gain knowledge too aside from the experiences.

Better to skip out first on doing scalping when you are still a newbie because this is something that noobs cant deal off since this would be talking about dealing with active price movement.
Try to familiarize and gain experience through spot swing trades before tending to scalp because this is way more riskier.When it comes to relevance of scalping then it is somehow
working as of this moment but not 100% precise to predict on.