Trading fee rebate received: $9.8
Total P&L: $448.32
Here is a video of me making $331 by going long on FIL in 3 seconds!
If you want to receive a trading fee rebate while trading every day like me, go to the this link to sign up to Running Fox or if you need a detailed guide on how to sign up, check this post.
Trading fee rebate received: $13.95
Total P&L: $376.79
Here is a 10-second video of me making $400 by shorting FIL.
If you want to receive a trading fee rebate while trading every day like me, go to the this link to sign up to Running Fox or if you need a detailed guide on how to sign up, check this post.
When it comes to scalping, one of the most important tools in a trader's arsenal is the stop loss. This technique allows traders to minimize their losses and protect their profits by setting a specific price at which they will exit a trade.
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| You can place your stop loss by clicking 'STOP MARKET' on Running Fox |
One of the key factors to consider when determining where to place your stop loss is the volatility of the market. In a highly volatile market, it's important to set a wider stop loss to account for the potential fluctuations in price. On the other hand, in a less volatile market, a tighter stop loss may be more appropriate.
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| the difference in volatility between a highly volatile coin (Aptos) and a less volatile coin (Bitcoin). Over the course of 8 hours, Aptos gained 55% while Bitcoin gained 9%. |
Another important factor to consider is the liquidity of the market. Coins with high trading volume tend to be more liquid, which means that there are more buyers and sellers at any given time. This can help to ensure that your stop loss is executed at the price you set, rather than at a much worse price.
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| You can sort coins by trading volume on Running Fox |
One of the best ways to determine where to place your stop loss is to use technical analysis. This can include looking at chart patterns, such as support and resistance levels, or using indicators such as the Relative Strength Index (RSI) to identify overbought and oversold conditions.
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| You can find any technical Indicators on Running Fox |
It's also important to keep in mind that stop loss is not a one-size-fits-all solution. Each trade and market is unique, and as such, your stop loss should be tailored to the specific circumstances of each trade.
In summary, stop loss is a critical tool for scalpers to minimize losses and protect their profits. By taking into account the volatility and liquidity of the market, as well as using technical analysis, traders can make informed decisions on where to place their stop loss.
If you're interested in using an exchange like mine, which offers the lowest trading fee of 0.02% and a maximum 30% trading fee rebate, please go to this link. If you need a detailed guide on how to sign up, check out this post.
Scalp trading, also known as "scalping," is a trading strategy that involves buying and selling assets at a very fast pace, with the goal of making small, quick profits. The key to successful scalp trading is being able to quickly identify and take advantage of small price movements in the market.
When it comes to buying and selling in scalp trading, timing is everything. Here are some tips to help you determine when to buy and sell:
1. Look for high trading volume: High trading volume indicates that there is a lot of interest in a particular asset, which can lead to increased volatility and more opportunities for quick profits.
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| You can sort coins by trading volume on Running Fox |
2. Watch for price spikes: Price spikes, or sudden, sharp increases in the price of an asset, can be a good indication that it's time to buy. However, be careful not to jump in too quickly, as these spikes can also be followed by sharp drops.
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| Examples of price spikes |
3. Pay attention to support and resistance levels: Support levels are the levels at which the price of an asset tends to find support and not fall below, while resistance levels are levels at which the price tends to find resistance and not rise above. By watching these levels, you can identify areas where the price may be more likely to reverse.
4. Use technical indicators: There are many technical indicators that can help you identify trends and potential buy and sell signals. Some popular indicators for scalp trading include moving averages, Bollinger Bands, and the Relative Strength Index (RSI).
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| You can find any technical Indicators on Running Fox |
It's also important to remember that scalp trading carries a higher level of risk than other trading strategies, and it's not suitable for everyone. It's important to have a solid understanding of the market and technical analysis, as well as the ability to make quick, informed decisions.
When it comes to selling, scalp traders look for small profits and they usually exit the trade after a few minutes or hours. They repeat this process multiple times a day and they usually aim to make small gains that add up over time. Also, they tend to use stop-losses to protect their profits and limit their losses.
If you're interested in using an exchange like mine, which offers the lowest trading fee of 0.02% and a maximum 30% trading fee rebate, please go to this link. If you need a detailed guide on how to sign up, check out this post.
When it comes to cryptocurrency trading, choosing the right coin to trade is crucial as it can greatly impact your return on investment. As a trader, it's important to consider certain criteria before making a trade. Here are two key factors to consider when selecting a coin to trade:
Trading Volume: A high trading volume indicates that a coin is popular among investors and has the potential for upward movement. It also makes it easier to buy and sell the desired amount of coins at any given time.
Market Capitalization: This refers to the total value of all coins in circulation. Coins with a high market capitalization tend to have less volatility, while those with a lower market capitalization tend to be more volatile. As a scalper, you can profit from volatility, but it's important to be mindful of the risk involved with high volatility.
When selecting a coin to trade, it's important to consider both the trading volume and market capitalization to make informed decisions and maximize your return on investment.
If you're interested in using an exchange like mine, which offers the lowest trading fee of 0.02% and a maximum 30% trading fee rebate, please go to this link. If you need a detailed guide on how to sign up, check out this post.
It may not seem important to many people, but determining the level of volatility in the market is a crucial factor for scalp traders, who rely on market volatility to make money. In this post, we will look at how to determine if volatility is sufficient for profitable scalp trading.
1. Check the Bitcoin chart
The price of Bitcoin is a good indicator of overall confidence in the cryptocurrency market. The higher the price of Bitcoin, the more money is invested in the market, and the lower the price of Bitcoin, the less investment. Therefore, when the price of Bitcoin rises or falls sharply, the price and volatility of altcoins also increase.
You can check whether there is a sharp rise or fall by looking at the size of the candlesticks on the chart. Let's take the following chart as an example.
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| Bitcoin weekly chart on Jan 14, 2023 |
In the chart above, you can see that the candlesticks in section A are very large compared to the size of the candlesticks in section B. In fact, during section B, I hardly traded. This is because it is not easy to rebound when entering a trade in a sideways market.
2. Check trading volume
Another factor that determines market volatility is trading volume. Even if there are large candlesticks on the chart, there may be cases where the trading volume is not large. If you trade during these times, you may have a hard time making a profit.
I recommend starting to trade when the trading volume per coin is as follows:
It is recommended that you start scalp trading when both of the above conditions are satisfied.
If you're interested in using an exchange like mine, which offers the lowest trading fee of 0.02% and a maximum 30% trading fee rebate, please go to this link. If you need a detailed guide on how to sign up, check out this post.
RF(Running Fox) is a trading platform that I use daily to scalp trade. You can and find out why scalpers should use RF in this blog post.
This blog post will be a step-by-step guide on how to sign up for and trade on RF.
Step1: Go to this link to RF
Step2: Click the Register button located on the top right
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| You can find your wallet address here |
Scalping is a trading strategy that involves buying and selling quickly in order to take advantage of small price movements in the market. As a scalper, it's important to have a trading platform that can keep up with your fast-paced style of trading. That's why many scalpers choose Running Fox (RF) as their go-to trading platform.
One of the main reasons why scalpers use RF is because of its large trading volume. RF is an official Binance Broker that uses the API of one of the largest crypto exchanges in the world, Binance. This means that RF users can trade on one of the largest crypto exchanges in the world and have access to a wide range of trading pairs with high liquidity. This is essential for scalpers who need to buy and sell quickly without having to worry about the platform not having enough volume to execute their trades.
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| RF is mentioned on Binance's official blog. You can find it in the following link. https://www.binance.com/en/blog/open-platform/binance-link-spotlight-part-2-entrepreneurship-growth-powered-by-binance-421499824684901484 |
Another unique feature of RF is its "Auto Price" function. This feature allows the most recent price of the coin being traded to be reflected in the buying/selling price in real time. In other exchanges, this function does not exist, so you have to click the buy/sell button after entering the price to trade. But in RF, you can trade with just one click. This is an essential feature for scalpers who need to buy and sell faster than anyone else.
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| The most recent price of the coin you are trading is being reflected in real time to the buy/sell price. |
In addition, RF users receive trading fee rebate daily. A portion of the user's transaction fee is returned to the user. This is a very useful benefit for scalping traders who trade dozens or hundreds of times a day. The amount of trading fees the user paid during the day is counted, and the rebate is paid to the user's exchange wallet the next day, and the result is notified via text message.
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| This is a screenshot of the trading fee rebate text I got through trading on RF. In just 4 days, the total revenue earned only through the fee rebate is $934.29! |
Scalping is a trading strategy that involves buying and selling quickly in order to take advantage of small price movements in the market....
