#ScalpingInSpotTrading
Today I'm writing about scalping according to my experience and knowledge..
Scalping is a technique in which we buy a coin/token for a short period in spot trading and sell it on profit...
Then we Repeat this process multiple times...
While scalping, there are some key points we should know:
1. What type of coin/token should we select for scalping?
Ans: a coin/token showing good fluctuation in 5-20 minutes chart is the token you can use for scalping.
2. How to decide which coin/token is best for scalping?
Ans: answer for this question varies depending upon your portfolio and skills. You can check according to your portfolio which coin gives you more profit according to the ongoing fluctuation.
3. How much profit should we book in one trade?
Ans: this is the most important question we should get out of the trade after booking a small profit and keep in mind you should include your trading fee in cost while calculating your profit. Let's suppose if a coin fluctuates between 5 to 10 you should book your profit at 9 to avoid getting stuck in that trade.
4. For how long we should keep scalping in the same coin/token?
Ans: as long as the coin is showing good fluctuation means the difference between its pump and dumb is good you can do scalping in that coin.
5. When to stop?
Ans: you should know when to stop to avoid losing your profit. So make sure according to your portfolio when you get a good profit you should stop. For example if you have $10 or 20$you should stop after booking 1$ to 2$ in profit.
If you learn the answers of these five questions you can do scalping easily...
Here are some coins good for scalping...$OP $TRUMP $BNB
💭💭What do you think about the knowledge I share about scalping ???please drop your thoughts in the comments section.
Please make sure to do your own research before investing...
