Akhir TRAGIS Mantan Trader SCALPING!

Summary

The video discusses the challenges and experiences of scalping in the trading world. It highlights issues like broker tolerance settings, slippage, and execution speed. The speaker reflects on the difficulties faced by traders, such as unreliable brokers and issues with liquidity, which affect their transactions. The video also touches on personal health struggles caused by the stressful lifestyle of a trader, including long hours and irregular eating habits. Eventually, the speaker reveals how these issues led to a shift in their trading approach, adopting a simpler, more sustainable method for future success.

Takeaways

• 😀 The speaker reflects on the challenges of trading with brokers, particularly focusing on scalping strategies.
• 😀 Scalping is profitable, but it comes with significant risks and issues such as price slippage and rejection of orders.
• 😀 Brokers using a full market-maker model can cause issues for scalpers, as they often reject trades when price tolerance is exceeded.
• 😀 Slippage occurs when the price changes rapidly, leading to potential losses for traders. This is particularly problematic when brokers adjust tolerance settings.
• 😀 Scalpers often face a dilemma of changing accounts or even identities to continue trading due to frequent issues with brokers.
• 😀 Many traders resort to using multiple accounts, even borrowing IDs from friends, to bypass restrictions imposed by brokers.
• 😀 The impact of these problems leads traders to only trade with small capital due to the frequent issues with brokers.
• 😀 The speaker mentions how consistent trading problems with brokers leads to diminishing trust and lower risk appetite among traders.
• 😀 The personal health impact of constant trading, including back pain and stomach issues due to unhealthy habits, is discussed.
• 😀 The speaker had to stop scalping due to severe health problems, including a hospitalization for digestive issues, leading to a shift towards simpler trading methods.

Q & A

What is the primary trading strategy discussed in the transcript?

The primary strategy discussed is scalping, which involves making quick trades to profit from small price movements in the market.

What problem does the speaker encounter with brokers who use market-making strategies?

The speaker highlights issues with brokers using full market-maker strategies, where transactions become slower and more problematic due to increased intermediary steps, leading to execution delays.

How does the use of a bridge in trading impact the process?

Using a bridge in trading introduces additional steps, such as forwarding orders to liquidity providers, which increases the time and distance for transaction execution, causing delays.

What is the issue with price slippage mentioned in the transcript?

Slippage occurs when the price at which a trade is executed differs from the expected price, often due to market movements between the time the trade is initiated and the time it's executed.

What are the impacts of slippage on scalpers?

Slippage negatively impacts scalpers by causing them to receive less favorable prices than expected, leading to reduced profitability or losses.

What causes traders to switch accounts or brokers according to the speaker?

Traders switch accounts or brokers when they experience transaction issues like execution delays, poor execution prices, or when brokers implement restrictions that hinder their trading strategies.

How does the speaker describe the emotional toll of trading?

The speaker describes a sense of constant stress and frustration due to the unpredictability and difficulty of the trading process, leading to negative experiences like financial losses and health issues.

What health issues did the speaker face due to excessive trading?

The speaker developed health problems, including back pain and stomach issues, from long hours of sitting and irregular eating and sleeping habits while focusing on trading.

Why did the speaker decide to stop scalping?

The speaker decided to stop scalping after realizing the physical toll it took on their body, particularly due to health complications like back pain and stomach issues, which were exacerbated by poor lifestyle habits.

What lesson did the speaker learn from their trading experience?

The speaker learned that prioritizing health over potential profits is crucial, and they stopped trading in a way that compromised their well-being, emphasizing the importance of a balanced lifestyle.