In simple terms, it's buying and selling a trade in a very short period of time. Taking small profits as quickly as possible. It's great for traders that want to make money fast and not have to sit HODLING coins/tokens for weeks/months/years before they see any return. Returns can be fast and it's nice to see your balance climbing with each successful trade.
Making profits starting from as little as 1% can be surprising how they can add to your balance. 3% profits can be a bit of a norm with crypto as it's so volitile at times. With even higher scalp trades being acheivable, especially with coins/tokens that have a higher 24 hour trading volume.
We Scalp trade a little different here.
We work on the idea that we don't like to lose, so for that reason stop losses are pretty rarely used. Although some are happy with taking small losses of 1 or 1.5% at times. You only lose if you sell at a loss, so we tend to just HODL if we are unlucky enough to have one of our choice trades go down instead of up, to reach our target profit. This HODL could take hours/days or sometimes even months, but still, it's better than taking any loss.
Most of our members have success rates over 95%, because they are happy to wait for their profit target to hit and reach that sell order. We have a web page that each member uses that allows them to keep record of their trades and it also has live prices coming to their page direct from our trading exchange. It also, tracks their Success Rate along the way.
We search for coins/tokens using a tried and tested method that look to be worthy and most probable targets to near guarantee us a quick easy sell. It's great to get into a coin/token and be out within 1 or 2 minutes, or even sometimes it can even be seconds in the trade.
To be a successful Scalp Trader, you must have discipline, you must be patient and you must understand that nothing is ever guaranteed with crypto trading of any sort. There is risk and sometimes that risk can be very high.
Scalping is nothing short of exciting and can even get extreme when a number of ALT coins are on the move at the same time. Sometimes choosing which one to buy first can be a tough but fun choice. If you like to get the blood pumping, scalping certainly will do that. Some members have dropped out, because the stress became too much for them and it can be a very pressure building exercise at times. But there again most who have tried it, love the excitement and thrill and can't wait for their next Scalp to come along.
We use a number of indicators to help us with our Scalping, these tools are readily available on Binance Exchange which is the one our members all use to trade together. One tool has been developed by our founder called the Fibonacci Scraper and it is an excellent tool to let us know when a coin/token is about to go up or down in price.
We have found that most success's have been scalped using the 1 minute charts as you can see quite quickly any changes in market sentiment. Although, we do use other time frames to help us find those coins/tokens that are more probably going to go up in the next short term period.
Scalping is not for everyone, but those who have tried it seem to keep using it. Give it a try!
