At the request of Motyo
Scalping is a trading style where the trader opens and closes trades within minutes, profiting from small price fluctuations.
What you need to know before starting
Scalping is:
📌 Working on short timeframes (1–5 minutes).
📌 Many trades in a day.
📌 Profit on minimal price changes.
To become a successful scalper, it is important:
📌 Be able to quickly analyze the market.
📌❗️ Control risks.
📌 Use technical analysis.
What is necessary:
1. Exchange: use Binance.
2. Analysis tools:
📌 Charts.
📌 Indicators (RSI, volumes). (There is an article on indicators, see in profile)
❗️ Starting capital❗️
3. Setting up the workplace
1. Go to the Trading — Futures section. 2. Select a chart with 1–5 minutes (M1–M5). 3. Connect indicators:
📌 MA (moving averages): Show the trend.
📌 RSI: Shows overbought or oversold conditions.
📌 Volumes: Help understand how strong the price movement is.
4. Example of a scalping trade
Current price of Bitcoin: $98,250.62 (BTC price is current as of writing)
❗️ Scenario: You expect the price to rise by $50.
1. Defining the entry point
📌 You see that the BTC price has started to rise (on the M1 chart, the candles are green).
📌 Support level — $98,200, resistance — $98,300.
2. Opening a trade
❗️ You enter a long position (buy) using a market order.
❗️ Trade amount: $100 with 5x leverage (total volume — $500).
3. Setting goals
❗️ Take-profit: Set at $98,300. If the price reaches this mark, the trade will automatically close with a profit.
❗️ Stop-loss: Set at $98,200 to limit the loss.
4. Result scenarios
📌 The price reaches $98,300: You earn $50 (minus commission).
📌 The price falls to $98,200: You lose $50, but the loss is limited.
5. Profit/loss calculation
❗️ Example: Long with $100 at 5x
❗️ When the price rises by $50: $500 x 0.5% = $2.50 (before commission).
❗️ When the price falls by $50: Loss of $2.50 (before commission).
6. Types of orders for scalping
📌 Market: Instant execution at the current price.
📌 Limit: Set at the desired price (lower than the commission).
📌 Stop order: Automatically activates when the price reaches the specified level.
7. Major mistakes of beginners that I want to point out!!!!
❗️ Ignoring stop-losses.
❗️ High leverage.
RECOMMENDATION
📌 Start with small amounts: For example, $50–100.
📌 Control your emotions: Scalping requires discipline.
📌 Analyze trades: Learn from your mistakes.
Remember, scalping is an opportunity to earn even on small price movements.
It's important not to risk the entire deposit and to strictly follow the strategy.
❗️❗️❗️ You start with small amounts, hone your skills, and gradually increase the volume of trades. ❗️❗️❗️