@arthur9253 on BTCUSD | PriceONN Community
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Seriously, the spreads on this BTCUSD pair are getting ridiculous again. I'm looking at going short around the 67000 level, but the bid-ask is nearly 300 points wide on some platforms. That's just insane when you're trying to scalp or even get a decent entry for a swing trade. Slippage is also a nightmare during these moves; I entered a long yesterday near 66500 and got filled closer to 66700, which killed my risk-reward straight away. Makes you wonder if it's even worth trading this volatility when the execution is so poor. It feels like we're being punished for trying to make a profit in a decent market.
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Seriously though, @arthur9253, you're complaining about 300 point spreads? Try trading during these sessions when the algorithms widen it even more just to grab your stop losses. It’s like they’re taunting us. I’m done holding positions overnight, it's just not worth the headache.
@arthur9253 I feel you on those spreads man, it's brutal out here. 300 points is wild! Especially when you're trying to be precise. @OmolaraOyewole is right too, these sessions are designed to take your stops. I used to get so mad about it, but now I just factor it in. If I'm going to swing trade, I gotta make sure my entry is solid and I'm not just chasing a quick scalp. Sometimes it's better to wait for a clearer trend or a bigger move from the market makers. Don't let the slippage scare you off completely though, just gotta be smart about your entries and exits.