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Many trading strategies are available for the traders in the market. A few noted ones are quite popular with the trading community; this includes day trading, position trading, swing trading, and scalping. Although different traders employ these different strategies, the goal here is to achieve profit at the end of the trading activities. Unlike the other listed methods, scalping is meant only for the sophisticated, knowledgeable trader who can maintain the trading volatility without being under any pressure.
If living the fast life is for you, you’re fluid and flexible and can take decisions on your feet; then you should consider taking on the scalping trading method. Scalping is a trading activity that involves trading within a shorter time frame compared to other trading patterns. In scalping, traders trade intra-day, i.e., trade setup is achieved within few minutes, 5 mins, 10mins, 1 hour (the highest time frame for scalping). Entry and exits are dependent firmly on Technical Analysis - a type of market chart analysis that uses price action, candlestick patterns, trading volume, and a combination of various trading indicators.
Because of its concise time frame, scalpers rarely rely upon Fundamental Analysis - trading analysis that deals with fundamentals of a project, news, or rumors. The News is the only type of Fundamental Analysis scalpers can use as it provides high volatility and volume in the market.
Scalpers don’t hold for the long term; the goal is to hold for the shortest time possible to maximize profits quickly. Taking advantage of smaller profits allows for consistent compounding, which is the safest route possible for the scalper. Although scalping generally depends on the lower timeframes, scalpers take advantage of the volatility in the extensive trading timeframe. Scalpers zoom out to check for market trends and direction and then zoom in to pick their entry and exit points.
Because the price movement is relatively small, which could mean smaller profits than other trading types, scalping involves leveraging to boost profit. This method is usually associated with Futures and Margin trading. However, it should be noted that although leverage could mean huge profit when trades go in favor of the scalper, it could mean significant loss when the trade goes against his setup. For example, if a scalper picks a position with a 100X leverage, he makes 100X in profit if the trade goes his way and invariably losses 100X if it goes the other way.
Because scalping involves swift movements, risk management is the paramount principle for a successful scalping system. This trading method isn’t for newbies in trading or for the indisciplined as blowing your account is highly likely with this trading method. Stop-losses are an integral part of scalp trading. Setting stop-loss below the support region of the trade setup when going long(buy) and above the resistance region when going short(sell) acts as a protection against sharp losses due to resulting breakouts.
Correct position sizing is another crucial skill adopted by successful scalpers. Risking appropriately, minding your position size, and placing a stop loss will guarantee your continued trading existence in the long term. Picking a position that fits your capital allocation is a skill necessary in scalping else; you’re not far away from a liquidation email.
When a scalper successfully employs trading indicators, engages the right discipline, and approaches scalping professionally, they can be rewarded by making small gains pretty fast. This quickly compounds and resulting in very significant gains. In a ranging market, a type of market that almost looks like there is no significant price movement - scalping activities could mean immense profit when correct leverages are applied. Scalping is not done by a human only; in these days of high volatility and advanced tools (bots and algorithmic trading) are becoming common in the market. For the human side of scalp trading, there exist two kinds of scalpers that define the scalping method, the discretionary and systemic scalpers.
Discretionary scalpers make trading decisions on the spot; he depends on his intuition or gut feelings, many times, fueled by news or market sentiments. For example, if X coin has achieved its ATH (All-Time High) and Y coin seems to be ranging, he takes on a position in Y coin, waiting for a breakout of price. The discretionary scalpers do not have a strict set of rules before taking on positions.
For a Systemic scalper, there are rigid rules he must follow. He is data-driven and uses a combination of tools to pick his position. Unlike discretionary traders, he doesn’t depend on his gut feelings or intuitions. He uses indicators that are common with scalping events.
A combination of different trading indicators could improve on a high success point of a scalping trade.
Other trading tools like the Elliot waves, Finobaccci, and Bolinger tools are also adopted for a successful scalping activity. Is this type of scalping style suitable for me? A vital question anyone considering scalping should ask.
Absolutely No! If you’re a newbie, reconsider other trading strategies, particularly one that deals with a more extensive timeframe, like position and swing trading. Reasoning? As a newbie trader, the tendency for allowing your emotion to come in the way is relatively high as things happen fast in real-time.
As an experienced trader with expertise, you should develop proper risk management, spare funds (money you can afford to lose comfortably), and disciplined position size.
Although scalping may mean fast profits that compound in the long run, it’s perilous and discouraged for new market entrants. Those who can’t think on their feet or are easily irritated are not too fit for this type of trading. You shouldn’t consider the gains first but instead, the potential risk involved.
A gained $200 is better than a lost $2000. Therefore, this trading strategy is meant for experienced traders with enough spare funds to trade. As a newbie, for your peace of mind, go for longer trade setups.
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Incubation processes prepare gaming projects for launchpads by leveraging the opportunities offered by blockchain technology. Every launchpad on Binance Smart Chain (BSC) aims to connect with numerous communities by successfully pitching projects to target audiences and access project funding.
GAMI World is a launchpad and incubator platform that aims at achieving these goals. The protocol merges the gaming world with blockchain technology, connecting their community with leading names in the gaming and blockchain industry. In addition, leading names of gaming and crypto industries are involved in the unique gaming and finance (GameFi) launchpad as advisors, founders, and partners.
The platform's primary purpose is to provide blockchain-related know-how and technology for GameFi projects to help them reach larger audiences and raise funds to develop their projects. Therefore, the GAMI team and advisors put their effort towards creating a healthy ecosystem. In essence, they carefully choose the best promising projects to be launched by GAMI. The public sale of GAMI token will be on October 28th on their platform.
Many projects have little or no knowledge of blockchain technology in the GameFi industry, but have a gaming-based idea they want to launch. GAMI took a bold step towards addressing this issue by launching the launchpad and Incubation center. Therefore, projects without experience can leverage the platform to obtain the ideas needed to achieve desired growth in the gaming industry.
GAMI seeks to build the little shiny gaming ideas until they evolve to become top crypto gaming projects in the long run.
GAMI's core features are embedded in its incubation process, consisting of eight unique stages to develop projects in the GameFi ecosystem. The core features/incubation process include:
The token tier system on GAMI is fair for every IDO participant. Every tier has a guaranteed allocation, and the pool weights in each of them are balanced, ensuring that every user is satisfied with the number of tokens realized no matter the tier they fall into. In short, IDO participants do not have to worry about their choice of tiers because the pool weights would yield a decent amount of tokens to each and every one of them.
The token tier list includes Rare, Heroic, Epic, Legendary, and Unique:
Minimum Staking required: 300 GAMI token
Duration (Lock-in Period): 5 days
Guaranteed Pool Weight: 10x
Minimum Staking Required: 500 GAMI token
Duration (Lock-in Period): 7 days
Guaranteed Pool Weight: 20x
Minimum Staking Required: 1,000 GAMI token
Duration (Lock-in Period): 10 days
Guaranteed Pool Weight: 50x
Minimum Staking Required: 2,000 GAMI token
Duration (Lock-in Period): 15 days
Guaranteed Pool Weight: 100x
Minimum Staking Required: 9,000 GAMI token
Duration (Lock-in Period): 30 days
Guaranteed Pool Weight: 500x Plus Private Sale Access
The GAMI token public sale will commence in a few days.
Public sale participants belong to a tier according to the number of tokens they have, even though their tokens are locked. GAMI took to Twitter on October 22nd to announce the public sale and whitelist details. Users can enter the highest tier as it is still early.
“The time has arrived. The public sale of GAMI token will be on October 28th on gamiworld.io. Whitelist coming soon. IDO: October 28th. Listing: October 29th. Price: $0.1. TGE: 25% and then 25% monthly. Initial Market Cap: $253,125,” tweeted GAMI
GAMI will partner with YellowRoad and SafeLaunch, to launch the public sale on October 28th. SafeLaunch and YellowRoad are IDO platforms built on BSC.
The GAMI team is full of professionals with gaming and blockchain backgrounds who are aware of the pros and cons of the crypto ecosystem. In addition, they are well equipped to fix any problem that may arise. GAMI covers a large portion of the gaming ecosystem. The protocol focuses not just on Play-to-Earn games but also e-sport teams, gaming platforms, and influencers.
With its innovative tier system, accessibility, and guaranteed allocations, GAMI World would ensure that everyone participates in its IDO processes.
GAMI does not launch projects that they do not believe in by heart. The protocol’s goal remains to avoid projects without use-case. In essence, GAMI will not launch projects that offer nothing to the community other than providing tradeable tokens. They are entirely focused on delivering the highest quality gaming projects with real utility. Therefore, GAMI’s goal is not to launch numerous projects but to launch the right, promising projects.
To learn more about GAMI World, visit the following links:
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Meme coins are going through the roof right now and it seems as if almost everyone is in on the action. However, before FOMO takes over you, you need to know that not all meme coins are built the same. Many really are only about the hype, but some are here to stay - if not flourish - into the future.
Little Baby Doge is a meme coin that could last for a long time, given the fact that the project goes beyond the speculative mania that drives most cryptocurrencies. Apart from it being a meme coin, Little Baby Doge is also active in the fight against climate change (a global problem that needs immediate action now and in the future).
Little Baby Doge (LBD) is a hyper-deflationary cryptocurrency project with a revolutionary reward program guaranteed to offer anyone in the Dogecoin family a plethora of lucrative deals. Built on the Binance Smart Chain, Little Baby Doge will offer its holders free BNB through its token burn process. The fun doesn't stop at that; the LBD platform also comes with a lottery, a swap and farm platform, and an NFT marketplace. Not only does LBD work to empower the average Dogecoin fan, but it also fights for a noble cause which is to raise funds for protecting the environment.
According to LBD's road map, Little Baby Doge is just getting started. This stage of growth will involve partnering with social influencers to inch the project ahead and increase awareness. Plans are already set for CoinMarketCap and CoinGecko listings, not to mention promotional marketing campaigns to grow the number of holders past the 10,000 mark.
Given that all LBD holders will be able to earn up to 3% through instant auto-staking and rewards generated from daily transaction volumes, it is very possible for this coin to gain mass adoption within a short time.
LBD's strategic buyback approach is also a huge incentive in LBD’s capacity to retain value one year from now. Tokens are burned from every sale order thus discouraging whales from selling and encouraging holders to retain their diamond hands.
Add that to the noble cause of joining the fight against climate change with the partnership of influential climate change activists such as Greta Thunberg, and you have a meme coin ready for take-off to the moon.
To learn more about Little Baby Doge, visit the following links:
Although scalping may mean fast profits that compound in the long run, it’s perilous and discouraged for new market entrants.
Many trading strategies are available for the traders in the market. A few noted ones are quite popular with the trading community; this includes day trading, position trading, swing trading, and scalping. Although different traders employ these different strategies, the goal here is to achieve profit at the end of the trading activities. Unlike the other listed methods, scalping is meant only for the sophisticated, knowledgeable trader who can maintain the trading volatility without being under any pressure.
If living the fast life is for you, you’re fluid and flexible and can take decisions on your feet; then you should consider taking on the scalping trading method. Scalping is a trading activity that involves trading within a shorter time frame compared to other trading patterns. In scalping, traders trade intra-day, i.e., trade setup is achieved within few minutes, 5 mins, 10mins, 1 hour (the highest time frame for scalping). Entry and exits are dependent firmly on Technical Analysis - a type of market chart analysis that uses price action, candlestick patterns, trading volume, and a combination of various trading indicators.
Because of its concise time frame, scalpers rarely rely upon Fundamental Analysis - trading analysis that deals with fundamentals of a project, news, or rumors. The News is the only type of Fundamental Analysis scalpers can use as it provides high volatility and volume in the market.
Scalpers don’t hold for the long term; the goal is to hold for the shortest time possible to maximize profits quickly. Taking advantage of smaller profits allows for consistent compounding, which is the safest route possible for the scalper. Although scalping generally depends on the lower timeframes, scalpers take advantage of the volatility in the extensive trading timeframe. Scalpers zoom out to check for market trends and direction and then zoom in to pick their entry and exit points.
Because the price movement is relatively small, which could mean smaller profits than other trading types, scalping involves leveraging to boost profit. This method is usually associated with Futures and Margin trading. However, it should be noted that although leverage could mean huge profit when trades go in favor of the scalper, it could mean significant loss when the trade goes against his setup. For example, if a scalper picks a position with a 100X leverage, he makes 100X in profit if the trade goes his way and invariably losses 100X if it goes the other way.
Because scalping involves swift movements, risk management is the paramount principle for a successful scalping system. This trading method isn’t for newbies in trading or for the indisciplined as blowing your account is highly likely with this trading method. Stop-losses are an integral part of scalp trading. Setting stop-loss below the support region of the trade setup when going long(buy) and above the resistance region when going short(sell) acts as a protection against sharp losses due to resulting breakouts.
Correct position sizing is another crucial skill adopted by successful scalpers. Risking appropriately, minding your position size, and placing a stop loss will guarantee your continued trading existence in the long term. Picking a position that fits your capital allocation is a skill necessary in scalping else; you’re not far away from a liquidation email.
When a scalper successfully employs trading indicators, engages the right discipline, and approaches scalping professionally, they can be rewarded by making small gains pretty fast. This quickly compounds and resulting in very significant gains. In a ranging market, a type of market that almost looks like there is no significant price movement - scalping activities could mean immense profit when correct leverages are applied. Scalping is not done by a human only; in these days of high volatility and advanced tools (bots and algorithmic trading) are becoming common in the market. For the human side of scalp trading, there exist two kinds of scalpers that define the scalping method, the discretionary and systemic scalpers.
Discretionary scalpers make trading decisions on the spot; he depends on his intuition or gut feelings, many times, fueled by news or market sentiments. For example, if X coin has achieved its ATH (All-Time High) and Y coin seems to be ranging, he takes on a position in Y coin, waiting for a breakout of price. The discretionary scalpers do not have a strict set of rules before taking on positions.
For a Systemic scalper, there are rigid rules he must follow. He is data-driven and uses a combination of tools to pick his position. Unlike discretionary traders, he doesn’t depend on his gut feelings or intuitions. He uses indicators that are common with scalping events.
A combination of different trading indicators could improve on a high success point of a scalping trade.
Other trading tools like the Elliot waves, Finobaccci, and Bolinger tools are also adopted for a successful scalping activity. Is this type of scalping style suitable for me? A vital question anyone considering scalping should ask.
Absolutely No! If you’re a newbie, reconsider other trading strategies, particularly one that deals with a more extensive timeframe, like position and swing trading. Reasoning? As a newbie trader, the tendency for allowing your emotion to come in the way is relatively high as things happen fast in real-time.
As an experienced trader with expertise, you should develop proper risk management, spare funds (money you can afford to lose comfortably), and disciplined position size.
Although scalping may mean fast profits that compound in the long run, it’s perilous and discouraged for new market entrants. Those who can’t think on their feet or are easily irritated are not too fit for this type of trading. You shouldn’t consider the gains first but instead, the potential risk involved.
A gained $200 is better than a lost $2000. Therefore, this trading strategy is meant for experienced traders with enough spare funds to trade. As a newbie, for your peace of mind, go for longer trade setups.
