What is Scalping
Scalping is a trading style that specializes in profiting off small price changes and making a fast profit off reselling. Scalping requires a trader to have a strict exit strategy because one large loss could eliminate the many small gains the trader worked to obtain.
Actions should be taken quickly to get Frequent profits from tiny price changes
The easiest scalping strategy involves these simple steps:
đ„ Pick a highly liquid coin
đ„ Use a short timeframe chart, like 1-minute or 5-minute.
Look for small price moves (tiny up and down fluctuations).
đ„ Set a tight stop-loss to limit potential losses.
đ„ Take quick profits when the price moves slightly in your favor (a few cents or small percentage gains).
đ„ Repeat frequently for many small gains.
The key is fast, frequent trades with strict risk Management#dappOSTheFutureofIntents #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance
