For me, Scalping is one of the interesting trading strategies used for trading. However, it is also one of the most risky strategies, such as a large decline that can quickly wipe out all your previous profits. With this strategy, traders should choose the lowest fee floor and always place a stop loss order.
Scalping is an unsuitable strategy for the volatile market. Such strategies are useful in the Forex market, where prices move more slowly. If you want to make money with this strategy with BTC, your balance may turn to zero in a short time. The possibility of a price moving fast in the opposite direction you expect is equal to the possiblity of earning.
I disagree, because i'm also a scalper and its really profitable if you know where to entry and exit with profits. You have to be very fast and not to aim too much big profits in order to make profits and exit in the market. Forex is different yes but it doesn't mean that it could be crypto trade movement. Scalping works if the strategy is good.
agree with you, btw check out my last scalping trade, was pretty accuracy entry but unfortunately, I fixed it too early https://t.me/bitmexshark/197
You really managed to find a good entry point, I would even say no to no. But what do you plan to do next? Margin trading is very dangerous, I lost a lot of money on it. Even in combination with scalping, which is less risky than regular trading, margin increases risks many times over. I am currently in a short trade with x10 leverage. Let's see what happens.
Or are you just advertising the channel?
You really get the o.p by asking whether he is trying to advertise his channel and not too long after your post he started advertising his channel that people should subscribe to his channel for daily trading update.
yes you are welcome to join my channel as i don't have much time to post every trade here and it is also more convenient and quick method to share my trading activity https://t.me/bitmexshark
For me, Scalping is one of the interesting trading strategies used for trading. However, it is also one of the most risky strategies, such as a large decline that can quickly wipe out all your previous profits. With this strategy, traders should choose the lowest fee floor and always place a stop loss order.
Scalping is an unsuitable strategy for the volatile market. Such strategies are useful in the Forex market, where prices move more slowly. If you want to make money with this strategy with BTC, your balance may turn to zero in a short time. The possibility of a price moving fast in the opposite direction you expect is equal to the possiblity of earning.
What if I say that you can use stop losses, also did you heard about options that bitfinex plan to launch in January 2020, that could be a good alternative to stop losses and you can easily hedge your position
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Topic
BoardTrading Discussion
Re: scalping on margin
by
CryptoTraderFun
on 10/11/2019, 20:06:25 UTC
just 3 hours before the pump started, was lucky to catch a scalp trade:)
hi guys, check out my last trade, traded on margin and caught the scalping movement, got a fairly accurate entry, what do you think about this trade? As for it's possible to make a profit in a sideways market https://i.imgur.com/OBkhTrS.png
Not bad profit yet a risky one since the market had been moving sideways a past few days.Just be grateful that you had make such good entry but dont think always that this would be sustainable or would be permanent.Hence, scalping with margin is one of the most difficult thing on trading. Big rewards yet bigger risk.
Scalping with margins is only intended when we are confident of current market conditions, otherwise we must accept greater risk. Not always the market will side with our predictions, I myself better to trade safely with low risk maybe occasionally try scalping with margin when the market is good.
I like scalping in a sideway move but when it comes to a trend I use more classic strategies and always control my risks
hi guys, check out my last trade, traded on margin and caught the scalping movement, got a fairly accurate entry, what do you think about this trade? As for it's possible to make a profit in a sideways market https://i.imgur.com/OBkhTrS.png
I think it would be helpful if you tell what was the trigger which you actually used to choose this trade because as far as I can see this was mere luck because market tried to revisit that upward resistance after a retracement downward if it could have broken out the channel you might have got liquidated. Was it some sort of price action which helped you take this trade?
when determining the entry point, I use level analysis, volume analysis, look at the order book, and of course the price action
3 successive winning trades in a row! Kudos! Seems like you've so much luck. To me, Scalping + margin = playing with fire but somehow you're profiting off it. That's impressive. That R:R is above mine so I won't be participating in your Twitter calls. That's way too much risk that I can take. not with all the liquidation stories I've seen and her. Congrats to you. I wish you luck in future trades you'd make.
Good trade, it's almost impossible to short the exact top or long the exact bottom so this is the next best thing. I assume you would've closed out your trade if XBTUSD went through or slightly above the line of resistance you've drawn on the chart in your screenshot? Fakeouts do sometimes occur so that's something you'll want to watch out for, but in this case that never happened and things went your way.
Thanks mate! I always control risks and use risk management. Also, I never enter into a trade with a volume of more than 10% of my deposit. And finally, I always use a stop loss. And of course, I never sit out losses
That position is quite risky. What are your basis on that trade? The rejection on the trendline above? If yes, good trade then. I will also short that rejection for sure. I have a question on that trade position of yours, How many the leverage you set? It is cross leverage or 22.51x? Or you just move or set the leverage indicator to cross when you screenshot that image so that you can see a huge green percentage?
Thanks! I used to trade for a long time at the futures exchange (mainly stock futures), there I used this strategy (this is not classical technical analysis) rather a bit different, but then the market changed a lot - algorithmic strategies came. But I saw opportunities in the crypto market using my proven strategy. Yes, I used cross leverage.
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Topic
BoardTrading Discussion
Topic OP
scalping on margin
by
CryptoTraderFun
on 04/11/2019, 20:06:00 UTC
hi guys, check out my last trade, traded on margin and caught the scalping movement, got a fairly accurate entry, what do you think about this trade? As for it's possible to make a profit in a sideways market https://i.imgur.com/OBkhTrS.png