Quote from: GreatArkansas on August 26, 2023, 09:52:26 AM

Quote from: promise444c5 on August 25, 2023, 08:33:18 AM

With the little knowledge I have, I have seen a lot of people scalping and making it than those that does a full trading(hours, days) but they tend to lose so easily can we say it greediness or it's not advisable generally

For me, there's no wrong with being a scalper. Because I believe that's their way of trade and there's nothing wrong, I can see a lot of people that are profitable when they do scalp trading.
But what I want to say is always think: "Not all the time, it's good to trade". There are also a lot of pairs you will try to look at and monitor if you are scalping.
So for me, scalp trading is just day trading, you either win or lose.

I'm in line with you here, there is nothing wrong with scalping, After all, it's a trading style. But I must say from my experience that scalping with Bitcoin might not be worth it, it will be more demanding and frustrating, and needs traders to have more money before they can earn something tangible from it unlike in FX, Gold Oil and the like. For this, I do not even bother myself to scalp Bitcoin again, I scalp another market when I have the time to compensate for my time and energy.

I resolved to this approach since scalping also required a market that tends to trend in a direction smoothly and possibly speedily for the trader to open a trade and close it within the shortest possible time. Bitcoin might make this unappealing and I doubt if there are many successful Bitcoin scalpers out there.