/biz/ - Business & Finance

>>11706147
I day trade pretty successfully but I didn't really get much of it from a book. I did find pic related fairly useful though as inspiration though.
>>11706520
The ratio isn't that important. A lot of people suggest calculate expected value and go with whatever gives you the highest number. In my opinion though EV in day trading is a lot trickier than it looks due to slippage. I mean, it's like a crypto Heisenberg principal, you trade you are effecting the market so testing a strat with backtesting is pretty much by definition going to give you a false result. Even testing in real time with the Bitmex testnet is misleading. I'm pretty successful at this and while I do backtest, I take it as a very rough guide. So come up with a strategy, backtest the best you can and then just test it out in real time. If it works you'll know soon enough.
>>11707086
>None of the successful backtests ever work in reality, not for long anyways
Exactly. This echos my point almost precisely.
>>11707534
>Am I fucking shadow banned or something?
You do appear to be shadow banned but I just renewed my 4chan Gold account and was able to see your post. Maybe message Hiroshimoot
>>11707900
I tried Gunbot a long time ago and was disappoint. I had a buddy that tried Cryptohopper and even after my experience with building my own successful bot, I was not able to tweak his settings for profitability. The problem is most of the bots were created and refined in the bull market last year so of course they worked at the time and that's how they build their reputation. The problem is the success was an illusion. Anything worked last year. That is no longer the case but the bots are still around suckering people in.
>>11708377
EMH is mostly true but even Eugene Fama concedes that the market still has to be inefficient for brief periods cuz I mean, *some* body has to be driving the efficiency between the time news breaks and the price stabilizes. It's not instantaneous, especially in crypto.