Scalping is a trading style that consists of buying and selling financial assets in a very short period, even seconds, to make small or quick profits.
Scalping refers to a situation where a trader holds a financial asset for less than 5 minutes. On the other hand, day traders can hold trades for several hours. A scalper is more active and executes dozens or even hundreds of trades per day as it focuses on making low but repeated profits.
[https://pixabay.com/photos/finance-stock-trading-day-trading-5771541/Pixabay]
Some traders prefer it because it allows them to react quickly to market fluctuations and avoid losing profits. Some day traders, on the other hand, prefer to open just a few trades a day and hold them for hours rather than scalping for very small profits. They think that scalping is a more time-consuming strategy and that opening many trades increases the risk and losses.
Scalping is not easy. It requires the right technical skills and analysis. Leverage needs to be done right. Since cryptocurrency is volatile, there is a risk of liquidation, in the same way, you will also get profit. Day trading is for low leverage.
The scalping trading style requires the trader to have a strict exit strategy because one big loss could eliminate many small profits that the trader was trying to make. So be careful while trading in this choppy market.
Scalping or day trading I prefer both. It depends on the market situation and how can I afford the time and money to lose. If it's big trade it's not better to do scalping. If you have large trade funds always prefer day trading. Time is an important factor also.
I've been scalping for a while now, so I say it's sometimes profitable if you have a lot of capital and a stable market.
It depends. It depends on the individual, some people prefer day trading while others prefer scalping. For me, day trading is a bit difficult because all the trades I have done so far always lead to a loss. So I just accepted scalping for my trade so I will have a small profit. No problem 😁😁
I usually tend to wait for a strong confluence of support and resistance levels to find the setup with the highest probability for scalping.
❓Scalping vs day trading: which one is easier and which one guarantees better money and risk management strategies? 🤔 Do you believe in scalping and opening many trades for a few minutes for few profits or do you think it is better to be a day trader who opens a few trades and lasts for a few hours?
🗳️ Share your thoughts and let's communicate.👥
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