Post
Topic
Board Trading Discussion
Re: Scalping
by
gunhell16
on 31/08/2023, 09:31:33 UTC
Scalping, FYI, is only for those who have an understanding of trading. Most of those who work there are professional traders or have deep experience in trading activity. Those who don't know trading or newbies who only want to make money right away are not allowed here.

Scalping is necessary from time to time. It is necessary to monitor the chart graph so that they know whether they need to adjust or not in the set-up they have made, whether it is buy or sell. And you should also know which category you fall into as a crypto trader.
You are right that only people who have complete knowledge about trading can make profit in scalping. An expert trader creates a complete setup for his trades where to buy and where to exit. Must have chart knowledge and thorough chart analysis. So that they know at which point they have to enter. Whenever the market falls there is a good opportunity for scalping, but it is also very important to know that there should be a proper gap between our first entry and the second entry. Newbies who don't know how to trade need to be very careful while scalping here, as they may end up losing instead of making a profit. Making money while scalping is not that easy, it requires a lot of experience and skill. However, this is an excellent and successful strategy that will give us good returns.
Getting an expertise on bitcoin is not something you can do early on, it doesn't matter how much you study, you need to spend years on trading for you to become a great expert on this. Veterans spend months and years making a profit by trading before they go into scalping, that should be the way to make profit and they do make a profit.

However, that doesn't mean that you are going to end up with a profit without having any sort of result in any other case. You shouldn't trade as a newbie, but there are newbies who try scalping as well, and all of them will end up with a loss without a doubt. They may try to make a profit, but we all know that they are not going to be making that profit, it is going to end up in a loss.

I agree with what you mentioned, dude. That's sometimes the problem with others who enter crypto trading—those who just experienced trading income, even if they don't have enough knowledge about it, feel like they already know all the ins and outs—it's crowded here.
It's not designed just so you can make money out of it. This is what others will not understand if they think they will know everything in just one night.

They don't think that with every trading activity there is a learning process happening as a trader in this industry, and there is a lot to consider to learn the concept of crypto trading in this field in reality. If the experts often lose here, how much more are those who are just starting to learn about it? It really takes time for you to become a veteran or an expert.