The main advantage of scalpers over other traders is access to metadata. That is, we see limit orders to buy and sell, as well as trades that are made 'at market' (displayed in the print stream) in real time. This allows us to trade not only graphical situations but also order book situations. Our task is to see and understand the algorithm by which the bot makes purchases or sales on a coin. There can be a huge number of such bots.
In the photo, a trade that was executed solely based on the order book - at that moment I didn't even see the chart. A robot appeared in the order book that placed a large limit order against the price movement and began to buy back from it with identical prints. In this situation, it was possible to take more than 4%. Essentially, this is free money that the market periodically gives to scalpers.
So why did I give up on this strategy if it allows for good earnings? The problem is that trading with robots creates a huge burden on the psyche. When you sit for a long time in front of order books and try to recognize algorithms, all your demons begin to awaken: greed, fear, anger, aggression, FOMO, etc. Because of which you lose the ability to adequately see the market and start finding trading situations where there are none. In other words, trading turns into gambling and losing your deposit. In 3 years in the market, I have met only two people who have been consistently earning from robot trading for a long time. Although, perhaps, they are no longer even people, but cyborgs who have managed to overcome the insurmountable - the natural essence of a human being. Almost gods).
The main idea of this post is that for successful trading it is very important to choose exactly the strategy that will correspond to your temperament and that your psyche can handle.
#scalping #DayTradingTips #TradingTypes101 #CryptoAdoption
