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scalping crypto s
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scalping crypto s

 
kingston
 
 
Posts: 18 since Jul 2014
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scalping crypto s

can you scalp cryptocurrencies like you can forex, thanks

 
 
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joe7777 View Post
can you scalp cryptocurrencies like you can forex, thanks

Check the bid/ask spread, you'll have your answer.

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It depends on the crypto, how you plan to scalp, and the exchange. Generally speaking, you can do limit order style liquidity provision/market making. I share a hypothetical way to achieve this in the crypto thread where you divide your account up into like many small sub lots and you treat each trade as an independent prediction. In this "naive" market making style, you must try to use some sort of technical analysis to avoid the hits. For example, instead of taking the market order, you try to take the other side of the trade (exit). Because you will take hits, you must keep your percent at risk to some minimal. For your losses, you just treat them as conversions into the crypto or if you make enough scalping then you can close them at a loss and still be net profitable. This is best if your somewhat bullish on the crypto long term and/or willing to have your capital tied up in the crypto. The percent returns can be surprisingly high from this style of trading depending on your skill level to avoid the hits but you could also end up with eventually having all "hung orders" and a net losing position too.

Other then that, it depends on the exchange. However, there isn't much liquidity so most exchanges will charge a lot more for market orders.

Generally speaking, on some of these exchanges you need to clear $10 to break even on your market orders. In that case, you need to divide your range up into $10 increments. Those would be your ticks. For example a $100 range divide by 10 gives you equivalent of 10 ticks that you could scalp. However, you must look at the liquidity available, as well.


Last edited by tpredictor; November 14th, 2017 at 07:55 PM.
 
 
Melbourne, Australia
 
 
Posts: 4 since Sep 2014
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tpredictor View Post
It depends on the crypto, how you plan to scalp, and the exchange. Generally speaking, you can do limit order style liquidity provision/market making. I share a hypothetical way to achieve this in the crypto thread where you divide your account up into like many small sub lots and you treat each trade as an independent prediction. In this "naive" market making style, you must try to use some sort of technical analysis to avoid the hits. For example, instead of taking the market order, you try to take the other side of the trade (exit). Because you will take hits, you must keep your percent at risk to some minimal. For your losses, you just treat them as conversions into the crypto or if you make enough scalping then you can close them at a loss and still be net profitable. This is best if your somewhat bullish on the crypto long term and/or willing to have your capital tied up in the crypto. The percent returns can be surprisingly high from this style of trading depending on your skill level to avoid the hits but you could also end up with eventually having all "hung orders" and a net losing position too.

Other then that, it depends on the exchange. However, there isn't much liquidity so most exchanges will charge a lot more for market orders.

Generally speaking, on some of these exchanges you need to clear $10 to break even on your market orders. In that case, you need to divide your range up into $10 increments. Those would be your ticks. For example a $100 range divide by 10 gives you equivalent of 10 ticks that you could scalp. However, you must look at the liquidity available, as well.

This is actually how I trade on Bitmex!

I wish they had flat comms then I could have cleaned up over there

They have a 0.075% taker fee which means a minimum of 10 ticks is required to just break-even

Any idea on crypto exchanges that have flat fees?


Last edited by terminator8; April 24th, 2019 at 01:19 AM. Reason: Forgot to add a question
 
 
south africa
 
 
Posts: 170 since Dec 2018

IMO if you are looking to "scalp" crypto you must just be using trading for some kind of gambling action addiction as opposed to making money.
Ethereum is up 60% since Feb. You are not making that in 3 months "scalping".

.


 



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