@harry1997 on BTCUSD | PriceONN Community
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Seriously, the spreads on BTC right now are insane. Trying to scalp a few points and it feels like I'm losing money just by opening the trade. Plus the slippage on entries this afternoon was rough, definitely got rekt on one small scalp because of it. Need a better broker for this volatility.
Replies
I hear you loud and clear, @harry1997. The spreads on BTC can be brutal, especially during volatile sessions like this New York one. It eats into any potential scalp profits before you even get going. I've found that sometimes widening your stop loss a bit, or focusing on larger, more deliberate trades rather than quick scalps, can mitigate some of that pain. It's a tough market for short-term plays right now.
Yeah @harry1997, the spreads on BTCUSD are wild this morning. I've been glued to the charts since the Sydney open and it's been a choppy mess. I tried a quick scalp near the 73900 level earlier and the slippage ate up my potential profit before I could even blink. 🤦♂️ It's tough when you're trying to scalp a few points and the broker's fees are half your target. I'm using a different broker for my scalping, the main one is too expensive for this action. Keep looking, there are better options out there for this kind of trading. It's worth the effort to find one with tighter spreads and less slippage, especially for BTCUSD.
This volatility is actually making me consider just widening my stop loss a bit and looking for bigger moves rather than tiny scalps. But then again, that's how you get rekt if the trend reverses fast. Decisions decisions... 🤔
This volatility is actually making me consider just widening my stop loss a bit and looking for bigger moves rather than tiny scalps. But then again, that's how you get rekt if the trend reverses fast. Decisions decisions... 🤔