WiseFire

Part 2. I usually trade from 1 to 4 hours per session (in the format I mentioned in my last post). On average, this is from 9 to 17 trades, the last trade was a couple of days ago. Of the 17 trades: 13 were closed by stop and only 4 were profitable, but my deposit doubled.

The main point I want to emphasize: even if most trades hit the stop, proper management of stops and take-profits allows for a stable increase in the deposit.

Scalping – how do I trade?

I catch short price movements and secure profits without overwhelming myself with stress.

I look at the chart for 1–5 minutes. I try to catch the movement in the direction that the price is moving. I enter where the risk is minimal, usually near support or resistance levels.

I immediately set a stop. I take leverage (25–40×), usually entering one trade and constantly monitoring, meaning I watch the movements every second, when the price rises into profit, I pull the stop into profit, to the middle of the rise.

If the stop is triggered, either I immediately re-enter this coin, or I enter another coin.

I record every trade: entry, stop, take profit, result. After a couple of weeks, I analyze the statistics to see what really works and what doesn't.

In the next post, I left the statistics, go to the profile.