/biz/ - Business & Finance

What do you trade and what's your strategy?

>>17142096
what's the strategy?

good work fren

>>17142096
gj bro, some of you are allright, you're right about that

>>17142115
>>17142117
my risk on every trade is defined by position size and stop loss, so i never risk more than 2% of my account which is the most important thing. but the rest is the hard part ofc, finding good entry and stop loss spots which i have developed an eye for in 3 years. combining it all with good risk management was what made the difference for me and it a lot of work to figure out what's the best for me.
there's no magic strategy or indicator that can do the trading for you, it was a shitton of hard work
>>17142126
pic related

>>17142173
>my risk on every trade is defined by position size and stop loss, so i never risk more than 2% of my account which is the most important thing. but the rest is the hard part ofc, finding good entry and stop loss spots which i have developed an eye for in 3 years. combining it all with good risk management was what made the difference for me and it a lot of work to figure out what's the best for me.
You're making single digits on a bull market lol your strategy is dogshit

How much are you trading with?

>>17142237
this guy gets it

>>17142096
>Makes profits in bull market
>I'm a genius of hard work !
Good on you but just realize that there is basically no way to lose money right now in the market.

don’t let the assholes in this thread get you down. Happy to hear you’re making money OP

Congratulations! You made it! Did you have a mentor or anything that you could ask questions, trade with? Would you ever consider being one?

>>17142096
>>17142173
What were you trading and with how much money? I've only traded on binance spot and margin markets, so I don't really get how futures trading works. Is futures leverage same as margin leverage? As in, if you have $1000 in your futures account and you decided trade that 1k with x50 leverage, and btc does 100%, would that result in 50k PNL?

>>17142237
what do you mean single digits? i realised about 40 btc in profit over the last 3 months
>>17142249
like 20k-50k per trade in altcoins and up to 300k in eth and btc because you can have tighter stop loss

you made 100k in a week? I bet you lose it just as fast. You are risking too much

>>17142280
i'm up more than 40 btc since last october and the price is back where it was back then. i've not only been longing a bullrun like back in 2017, that's what fucked me so hard in 2018. it took me 2 more years to figure out how to trade a sideways market
>>17142301
i've been trading shitcoins as well as eth/btc. the account started out with 5 btc that i still had left after losing money for 2 years. it's almost the same thing as binance margin trading but you don't trade any actual coins, you just trade contracts based on the coin's price. you'd make 50k yes
>>17142294
yeah i took some courses, some helped more and some less. ironically the most expensive one was the one that helped me the most, by far. but i'm not gonna advertise it or anything

>>17142419
>how to trade a sideways market
how?

Great job OP I unironically wish I get to your spot someday. Take some time for yourself and celebrate a little bit.
>>17142424
Buy low sell high

>>17142173
This is basically the same as my strategy that made me 68% in 3 months.

I stopped trading because I started working full time, and have been a subpar investor.

Essentially my strategy was 0.5% stop losses, and I would try to scalp 2-5% on big moves in oil with leveraged ETFs.

Like 70% of my trades were profitable because I would only enter when momentum was on my side.

>>17142173
So what's the strategy? You've said nothing

>>17142424
it's not something like a simple trick that you can easily apply yourself. you gotta figure out where to enter and exit positions and set up as many trades as possible. i'm getting stopped out of like 75% of my trades, but the ones that don't get stopped gain more than enough to make up for it.
in the last bullrun you could just go long at any time, or buy any dip. i often was deep in the red but just added to it because it was gonna go up again anyways. that's what fucked me hard in 2018
>>17142453
thank you, so many /biz/nessmen are going to make it in the next years
>>17142463
good job fren

>>17142173
You may have learned that risk management strategy from me. You and I are the only ones who talk about the 1%-2% risk per position.
I am glad it worked out for you.
cheers

>>17142478
sorry this wasn't some "use my simple strategy and you make 100k every week just subsribe to my paid discord/telegram group" pajeetry, my strategy is good old school trading (i look out for liquidity pools and supports/resistances) combined with 2% max risk that's it. you gotta figure out what's best for you
>>17142562
mike?

>>17142096
grats fellow /biz/raeli. i remember my first 6 figure gain in 2017. it's a big milestone. you got a lot of ahead of you. this bullrun is just getting underway.

>>17142096
Nice job man

good job mateu i hope your fundo safeu

>>17142585
not mike.
Where are you trading? Bitmex? Prime?

>>17142463
>Essentially my strategy was 0.5% stop losses, and I would try to scalp 2-5%
I've tried that, but most of the time I get stopped out. I suppose the issue is that I do this with very volatile shitcoins that can pump or dump 5-10% in minutes. Like yesterday, I tried to time some scalps on WRX, STX and OGN, but half of my trades failed. I really should stop playing the alt casino. BTC/ETH are a lot more predictable, but I don't have patience to wait 2h for a 0,5% scalp.

>>17142562
>1%-2% risk per position.
That's literally the standard for scalping. Every trader says only risk 1-2% of your account.

>>17142585
https://www.youtube.com/watch?v=6XCcWlgVqHA

>>17142657
right but not the /biz/raelis lol

>>17142096
>AMA
>>>17142585
>hell no I won't tell you
sage for shit bread

How does it feel to steal profits?

>>17142642
no fuck bitmex overload bullshit, i used bybit and now mostly ftx. the pic in OP is from ftx. don't know prime. even if it's not you i learned about risk management from, thanks for spreading the word based poster
>>17142676
kek

>>17142173
being consistent and sticking to your plan
good job OP

>I really struggled to figure it out but now I make $5 million a year daytrading crypto

okay

>>17142643
its ok to lose half your trades if you are making a lot from your winners

>>17142173
You know how you always see that 'no discipline' meme...we'll, you won OP...keep it going it's refreshing to see a winner with discipline

>>17142419
Gratz on the 100k. I just finished ICT's mentorship and I am starting on Chris Lori's material. When did you start and with how much money?

>>17142096

eh...ehh... Sir we need to talk.

>>17143137
i started in may 2017 with 10k in BTC, got into margin trading in october 2017, and just kept going long which turned out to be an awesome strategy at that time. in december 17 i had a little over $1 mil spread over different exchanges and wallets and thought i was a trading genius kek. 2018 was a rough year. when i finally started applying proper risk management in late 2019 i had less than 10 btc left

What is the max leverage that you use?

>>17143376
cross leverage by default. leverage doesn't matter, i'm never in danger of getting liquidated anyways. what matters is stop loss and position size

>>17142096

Congrats OP. I'm trying to get into (automated) trading myself as a side hobby, could you recommend any books or materials to get started with?

>>17143444
Can you recommend some decent youtube channel for learning the basics of futures trading?

>>17143611
i tried a fair amount of books and they were all trash, if you're a total noob you could try whatever the best selling trading book on amazon is and it should help you.
look up as much as you can on investopedia. i learned the most by just experiencing it myself and making mistakes

>>17143721
no, haven't stumbled across a good one yet. there's some nice crypto twitter traders though, like
@ta_mule or
@EmZ_______
if you ever catch a twitch livestream by @ta_mule you can learn a whole lot, it's the person that helped me the most

>>17142096
Good work OP! Thanks for sharing. I hope to learn to trade some day. Right now I just invest because I don’t have the time to learn it properly.

>>17143250
oh what IRS man? you're unemployed because the dollar crashed and the government can't afford to pay you?

>>17142096
What're ya buyin?
What're ya sellin?
Thank you.... HAHAHAHAHAHA....

>>17143721
>youtube channel

Why would you play a game of telephone with your financial future, anon?

https://youtu.be/qBlsqQAHJyY?t=5

>>17142096
Isnt margin trading stressful as fuck?
How can you sleep at night?

I tried it once and i stared at the charts almost the whole day i couldnt think of anything else. After i even started dreaming of charts i quit

>>17142096
Great job

>>17142731
Do you hedge your positions? I mostly play volatility on Bitmex with two accounts and have net 86,000 since the start of this yr.

>>17144013
why did he always laugh? was it because he was ripping the player off?

>>17144173
yes i'm hedged all the time and just increase/decrease opposing positions instead of closing them. i thought about trying your strategy a couple times already but never did. very nice job fren
>>17144112
it's not stressful, it's really comfy actually. you set up your trades with several different reduce-only limit orders for profit taking and stop loss. then you can just wait and watch it play out. i like checking how everything played out over night when i have breakfast, i think you're only stressed when you're risking too much in your trades

>>17142419
that’s not irony anon. usually you get what you pay for

>>17144380
Where can I learn about basic terminology? I have no idea what you are saying it's like I'm reading a different language. What do you mean by increase or decrease opposing positions? I'm a compete new thanks.

>>17143765
what's your twitter handle?

>>17142096
Congratulations OP seriously. But I hope you know how to file all those gains in your taxes othewise the tax man might come knocking one day looking for his share.

>>17142096
Only 100k? In 3 years? what...

you get that from a normal job that pays 33k a year

>>17142096
Congrats, anon. If you ever for some insane reason wanna help me pay for my computer science degree here's my BTC address lmao.

1FAfaLnEUueZ2bA9Z6xGWddiMUPxG5ZyWk

Congrats bud

>>17144783
yeah i'm just used to every paid group being a scam. but with courses what you said is true
>>17144960
there's a knowledge base on most exchanges i think. when i started 3 years ago i spent a fair amount of time reading through the bitfinex knowledge base and figuring out all the different order types. whenever you read some term you don't know, just google it and check out the investopedia entry. those terms sound strange at first but they're convenient. like reduce-only means that your order is only being used for reducing or closing a position, but not for opening or adding to a new one
>>17144972
related

>>17145021
yeah i know, i paid $65k crypto taxes for 2017, but this year's porobably gonna be a real pain in the ass. i'm glad there's programs for that
>>17145036
kek 3 years. the last 3 years were a crazy ride but i managed to cash out almost 200k before losing most of my crypto. after playing with all this money for so long i couldn't imagine waging for $100 a day

>>17145192
Yeah imagine waging 8 hours a day in a shit job for 100$ when you made 100k in only one week. Its jut not possible anymore.

You actually gained my interest OP. I will look into margin trading. Thank you very much that you share your experiences with us.

What starting-tips can you give?
How do you pick your coins? Do you just browse biz and then act depending on the sentiment - like when a coin gets hyped you open a long or do you also use TA?
Which exchange do you recommend for margin trading?

>>17145398
are you retarded? he didnt gain it in a week, it took him 3 years to get that 100k, it just happened in a week.

might as well get a normal job at that point. If you became something useful, like a carpenter or a plumber, painter, you would have made more money in 3 years than 100k.

if you made your own business, you easily would have more.

>>17142096
Can you recommend courses that you took that helped?
nittybee@protonmail
Thanks OP

>>17145398
man you have no idea what you're getting into, if you're not planning on comitting a ton of time into this, just buy and hold some btc, eth and shitcoin of your choice
>How do you pick your coins? Do you just browse biz and then act depending on the sentiment - like when a coin gets hyped you open a long
do crypto newfriends think like that? last time i had a serious crypto discussion on /biz/ was in 2017. this place is good for shitposting and hanging out with your /biz/ frens, when you see "buy [random micro cap shitcoin] now for max gains!" you shouldn't actually buy it

>>17145651
how much time do you invest each week into this? approximately

>>17145689
127 hours

>>17145589
ok guys i didn't wanna advertise this but honestly i would have wished to have taken this course much earlier. when i went through the first "basic" chapters i got so mad that i had to learn this shit by losing so much time and money. and the advanced chapters are insane, this one really taught me how to be way more consistent with my trade execution. if you're planning on taking trading seriously, this is the best investment you're gonna make. for me it definitely was.
i don't benefit at all if you guys buy the course, i'm just linking it because it might help some /biz/ frens a lot like it did for me

www.tradersumo.com

>>17145689
1-2 hours a day is enough to set up all my trades but i spend much more time shitposting on /biz/ and hanging out in crypto twitter

>>17145756
>www.tradersumo.com
Thanks anon. Will check it out. I will be starting wagie job this summer. Hoping to save enough to begin trading like you.

Do you mainly just trade BTCUSD? Or try to find shitcoin/BTC pairs as well?

Good luck on the rest of your journey friend

>>17145793
i'm only trading, btc/usd and shitcoins on the usd pairs but btc pairs work the same, i just happen to prefer futures trading on ftx right now
>>17145545
i agree that it was far more work than expected and most people thinking they could just trade a bit on the side and become rich will fail, but from a financial standpoint it will probably be far more profitable and less headache-inducing for me to trade. my dad owns a business and he can never really chill, even on vacation he has to stree about it. also, i haven't made 100k in 3 years, i cashed out 190k and got more than 600k sitting in BTC right now

>>17145898
>ftx
Just use a VPN then I assume?

>>17145964
you mean, cause you're american? ftx won't work for you, they need verification. if i were you i'd just buy and hold crypto or trade forex and stock markets on leverage, it's the same trading principles

>>17146092
So the only platform you use is FTX?

>>17146118
yes, these past few weeks. but i also commonly use binance, bybit and huobi. depends on what pairs i wanna trade

good night frens thanks for always being there

>>17145756
Lmao at your shill. All of this larp just to shill your shitty course.

Longed LINK on binance once had no idea what I was doing made 1k somehow never again

>>17142419
Ayo gib course name

>>17146410
Nevermind actually
You are just some pajeet shilling your shitty course
I hoped it would be at least some udemy meme course

kek, pearls before swine
1st time back on this board in 2 years as the thread was bought up somewhere, never change /biz

>>17145756
>tradersumo
Is that t3mpoz i hear in the vid on their site?

>>17142096
Nice inspect element LARP
>>17145756
>I'm not here to advertise a course
>oh but since you are so nice anons I will just tell you which course helped me, just this once
>buy this $1500 course and you too can be a good trader

Sorry, you seem like a nice guy at first but I'm not buying it. IF you are SUCH A GOOD trader then PROVE IT by doing one of the following.

1) Withdraw some of the profit to a random btc address that you own and link it here so we can see
2) Open up a Coinmetro TRAM so we can follow your trades and you can make money at the same time from your followers


>>17144173
>I mostly play volatility
what the hell does this even mean? you open positions on both sides using 2 accounts and hope to see a volatile move to either side? please elaborate

>>17146718
yes it is, there's quite a few based traders involved
>>17146459
>>17146724
kek the guy that sells the course is a public figure and a genius. as much as i'd wish to be involved in this, i'm just a pled that took the course. shouldn't have linked it to avoid looking like a pajeet shill i admit. but there were so many people here that seemed so clueless judging by their questions. i obviously don't give a fuck if anyone takes the course since i don't even have a ref link. just forget about it, you could take any other high quality course as a beginner and it would help you out a lot, doesn't have to be this specific one

>>17146817
have never heard of the guy, but ok I choose to believe you this time. Do you know if this course is available somewhere for free? If I can get it for free I'll check it out. However you should seriously consider the Coinmetro TRAM. That way nobody can call you a larper, and both you and anons can make money off your skills.

>>17146817
Is this the dope course on mttv?

>>17146893
do i have to trade on coinmetro for this tram? if so, good luck finding any professional trader that uses it. last time i checked it was obnoxious to use, that was almost a year ago though

>>17146957
yes fren

>>17146957
stop it. you'll shit up the place

>>17145545
I don't think you'd find even a single person who'd choose earning 40k/y by wageslaving over earning 40k/y being a chad trader and your own boss.

>>17146817
got any alternative course recs for a poorfag?
200 bucks is like one quarter of my neetbux dude

>>17147102
They're on twitch markettraderstv

>>17142237

lol are you fucking retarded

>>17147004
Thanks anon, probably gonna buy it soon then
>>17147044
How many viewers do you think are from biz? I assume a decent amount

>>17142173
but futures trading has a liquidity price, so you say you risk 2% but there is a point where your entire account is at risk, however unlikely

>>17146984
yeah you have to trade there, but it has improved a lot especially the pro platform. Anyway, would be cool if you decided to start one to trade a little bit of your capital. I would join immediately. I'm already following 2 trams and both are profitable.
https://blog.coinmetro.com/tram-trade-mirror-is-live/

how many different pairs do you trade btw? do you only trade the big coins like top 5?

>>17147193
Not so many afaik but you can usually tell the ones that are. I like the first day in chat guys that come in for a bit talking shit until they get banned by drow. Comfy place to be honest. Like I said earlier, haven't been on this board for a couple of years.

>>17147310
What instruments do you trade?

>>17142513
So basically buy shitcoin dipping set stop loss at 2% from your entry point and take profit after which %?

>>17147123
how do you find them there? do you have to pay? sorry brainlet here have never used twitch

>>17147363
Watching the stream is free tier. Subs get vods. You'll be banned in minutes.

>>17147320
Was trading CFD's for a bit but fuck that bullshit spread so just whatever is on Bitmex and some shitcoin xchanges for now.
opening an AMPGlobal acc after I move next month.

>>17147193
also, hope you have your Masternode(s) running.
the Corn listing is more or less a done deal.

>>17147394
thanks, why will I get banned though?

>>17147420
Yeah AMP has the best data especially if you want to trade indicies

>>17147444
Checked
I like the margin reqs a lot and those E-Micro's are easily doable and are going to be a lot of fun in the next few months I reckon.
also I wouldn't mind trading Lean Hogs for the keks

>>17142096
grats op. I just became profitable. Just exited a $300 trade now and re-entered to compound my position. Very stoked to get to your level one day. I'm happy to hear we employ the same strategy. I see a lot of based traders on twitter using it but you can never know the size of their account so it's nice to see that it's clearly fokkin yuje.