/biz/ - Business & Finance

>>24474001
We make more just holding retard

why do you think we care about someone who makes 50k/year

How do you do it fren

>>24474017
Probably but what are you doing with your free time?

>>24474001
Do you have any position limits set?

>>24474001
how do you do it OP? please give a detailed response.

>>24474001
What are you trading? Do you only trade intraday or hold something overnight or possibly for longer durations?

>>24474001
>what markets
>what timeframes
>what indicators do you use
>do you trade patterns, trend channels, etc
>do you have any general "golden rules"

>>24474001
I make $150 a day by being staked in the surf whirlpool.

>>24474001
With how much money are you trading?

>>24474052
Coinbase pro has an automatic buy/sell options
most normies don’t know about this
It will also tell you when your coins reach a certain value

>>24474001
Are you making that day-trading crypto? It's impossible to lose during this bull market

>>24474001
What's your strategy?
What's your typical position size?
What's your win-rate (percentage-wise)?
Do you actively seek out moving vehicles or are you trading the same few vehicles over and over again?
How many trades do you typically do per day?
What's the average holding time?

>>24474001
How much capital do you trade with ?
I'm learning with $100 currently and hope I can make the same as you one day

>>24474001
how do you feel paying more taxes than me?
t.long term holder

>>24474038
gym, movies, jewtube, cooming then there’s biz

>>24474001
Im also wondering how much capital youre fucking around with, but i'm guessing a grand? four successful trades with low R:R would net you about that.

>>24474114
I love to support our government and capitalism against the growing communist treat

>>24474113
You need atleast 5 grand to regularly get $100-$250

>>24474076
This

>>24474001
thats piss easy if you have 1 bitcoin.... it goes both up and down by 1k per day in both directions so its easy if you have 1 bitcoin to make more than that by day trading...

>>24474001
ive just opened a plus 500 demo account but have never done this before. i would like to get to your level and be comfortable, anything else is a bonus. thing i want to know is, how did you start? where do you get information from? and where is good place to learn more from?

Defi sphere is growing fast but still it`s a problem to run into worthy platform.
Has anyone tried baseprotocol.org? Found blockchain experts reviews about it,I think it`s interesting. What is your opinion about it?

>>24474097
false i lost 18k by being overleveraged and getting fucked on the dips, esp last weeks

>>24474001
i made $150k by daytrading in august which was my best month this year

What are your day-trading strats?

>>24474456
I only trade one day at a time

>>24474088
Coinbase pro fees are high! 0.50% taker/maker fees

>>24474196
How so when Coinbase Pro will take on average $25-$50 of your profit for each taker/maker fee?

>>24474466
Why make this thread if you're gonna be a faggot and not spill the beans when people ask you, either answer or GTFO and stop wasting our time you retarded mongoloid larper faggot

>be OP
>ignore the actual insightful questions in the thread
>respond only to shit questions with shit answers
>be massive faggot
Kill yourself

>>24474563
he is clueless: on the way up everyone makes money, and when the market changes he will give it all back and then some.

>>24474076
this

>>24474088
so are you just setting the right orders at the right support and resistance levels and then calling it a day? is there any sort of stop loss mechanism that you use?

>>24474466
so you set your orders once a day?
how many trades do you normally make in a day?
how much money do you trade in order to make that daily take?
sorry for all the questions, used to do lots of forex once upon a time.

>>24474628
dont bother with this faggot. He's just some retard who made money 3 days in a row in a bull market daytrading shitcoins and thinks he's hot shit

>>24474329
until it stop doing that and it goes up or down for a long time and you lose massive profits

>>24474682
gay... one thing im not even sure how to do is short a coin when you dont want to long it.

I trade on bitmex and the most i've made in a day was 40k USD.
I was short in the march megadump and I managed to close out my position before the exchange shutdown.

If you are autistic enough you can easily make good money trading bitcoin.

If you are a noob look up the indicator VMC Cipher_B_Divergences on Trading view, it is a free version of a paid indicator and it works just as good. Look up some YouTube tutorials on how to use market cipher, the best thing is looking for blue wave divergences and trigger waves to find positions. on the 4hr.

>Ask me anything
>Doesn’t actually answer any technical questions
I smell bullshit.

>>24474466
Kys you FUCKING larp

>>24474826
This indicator is free so there is no reason not to use it.

Here is a mini tutourial, see the big blue wave after the dump from 19200 - 16200? See how that wave is followed 2 days later by a smaller blue wave? The big wave is the 'anchor wave' and the little wave is the 'trigger wave'

Even though the price was just crabbing the momentum was moving in a bullish direction so that was a good time to go long.

If you went long when the trigger wave was confirmed and held the position for 2-3 days you would have been up 15% plus with leverage that is a massive gain.

>>24474915
Don't worry about the little green and blue dots on the waves, that is just noise. Look at the size of the waves themselves.

>>24474001
you prolly did that 3-4 times and came here already boasting about your chump change gains.
If you really make money you wouldinvest more and thus make more.

>>24474915
Where can I learn about this stuff?

>>24474456
It depends on how much you want to make but in general only invest 2-10% of your money and slowly grow it each day.

Ex: Starting with: $1000 (10% of your savings)
Put $1000 on BTC during the bottom of a down cycle ($18500).
Take out $1032 at the top of the down cycle ($19100)
You just made $32 (minus any exchanges fees).
Now put $1032 on BTC once it's at the bottom of a down cycle again and cash out once it's at the top of the cycle.
Wash & Repeat slowly increasing your earnings.

There are people who just spend 1-3 hours a day and make hundreds of thousands a day doing this.

>>24474581
You can make money on the way down too.. everything happens in cycles.
You just need to figure out the bottom/top of a cycle when it's going down.

>>24474001
what will pnk price be eoy

>>24474968
How can you tell if it's the top or bottom of the down cycle?

>>24474953
https://marketciphertrading.com/

Don't bother actually buying the program since the free version on tradingview is just as good.
Just look at the tutorials on youtube

Also I highly recommend you check out Krown's Crypto Cave and Benjamin Cowen on youtube. Benjamin is for long term TA and Krown is for short and medium term. They are the youtubers with the less click bait bullshit on their videos. Even if you just want to buy and hodl I would check out Benjamin Cowen, very smart guy, you can't go wrong just listening to him.

>>24474826
You got a discord or something? I'm looking for traders to start a group with.

>>24475023
I'm good man, I already am profitable so I don't really need a trading group.

>>24474999
looking at past recent charts and just trying to see the flow of how things are going, there's not an exact science to it, you kinda have to go with your gut/instincts

What really helps me is looking at the marketcap in general on coinmarketcap.com at the top. I automatically refresh the page with an extension. You can see when the whales are putting billions in & taking billions out as it refreshes faster than the charts do. So I can always be like a minute or at least several seconds ahead of everyone else in knowing if it's time to sell or buy.

I once made 600 dollars in 30 seconds on Uniswap, but trading is for poorfags, those who have real money just hold and make more money than I could ever make

>>24474826
So TA actually works with crypto? Does it also work with shitcoin swinging?

>>24474999
He can't. He's talking a load of old shit. Don't listen to these idiots they're Larping to fuck. It's impossible to coinsistently predict crypto. Unless this guy has some psychic power, which i'm willing to bet he hasn't. Think about it, why would he bother typing all that shit out? It's BS, and deep down you know it. Don't get rekt, anons. Pick your investments wisely and leave them alone.

>>24474405
retard

>>24475019
thanks anon, but anyone else getting a 500 error on the website?

>>24476157
Yeah, wonder if the anon himself is hosting it on a shared wordpress server

>>24474001
That's cute

https://www.tradingview.com/chart/bkHL01k0/

Here's the chart I'm using to trade. It's about 75%-80% accurate.

Ok, I'll ask. I've just lost my business of 8 years, and I'm left with 500 euros, a ledger, and coinbase, binance and bitstamp oldass accounts and suicidal thoughts. How do I into trading besides obvious "buy at low, sell at high", what to buy and were for starters?

Start learning the basics:

Candle stick patterns
Price action
Exponential Moving Averages

Then try your hand at Elliot waves and Fibonacci. Be warned that this is like level 100 shit. If you're a new fag don't jump straight into this area. Walk don't run.

>>24474001
Before or after taxes?

>>24476236
1. Buy ada
2. Lean back
3. Profit

>>24476232
those buy/sell indicators are wrong and need to be adjusted

I made 1500$ per day in the past 30 days by holding

>>24476380
Thanks anon. What would you suggest for a noob then? I'm reading up on FA and trying to create an aggregated list of sources to determine potential pumps based on news and shilling.

>>24476380
Thanks anon. BTW what is the current recommended wallet to use right now?

>>24476236
Hey idiot, day trading is like gambling. If you're in financial trouble, you need to
>increase your income
>pay down debts
>build up savings
ONLY THEN can you consider investing. Otherwise you're just digging the hole deeper.

>>24476236
You are probably just going to fuck yourself if you are trading with the pittance you have left. Build up a income, get back on your feet, accumulate some emergence cash and some bitcoin and then learn how to trade. Doing it when you are dead broke with such a tiny seed capital is a recipe for disaster.

>>24476491
I dont have debts, and I'll manage. I just have zero perspecitve and I want to get away from real world dealings and go full online trading. Sadly, savings I dont have anymore.

>>24476617
Okay, before you get started you are required to read the following books.
The Intelligent Investor
Security Analysis
How to Read Financial Statements
Options as a Strategic Investment

ONLY once you have read and fully understood everything in those books will you be ready to trade stocks.

Since that's a lot of work and you're looking for a distraction, why not just be a local bitcoin exchanger? Offer conversions of $100 to BTC and back, no more no less, to real world people at a 10% markup. Charge a flat fee of $50 to explain crypto to them, and $100 plus expenses to set them up with a hardware wallet. It'll keep you busy and you'll have guaranteed profits, which is better than trading with that small amount of money in my opinion.

>>24476236
It takes years to learn, so don't waste your last 500 euries on this on now

>>24474001
>daytrading meme
People who became rich through the markets were always the investor and holder types. Daytraders always lose in the long run. Fuck off with your LARP you faggot.

>>24476809
dumbest post on /biz/

>>24476617
Listen to this fag right here >>24476740

if you want to daytrade crypto you need a mix of both. Leave fibonacci and waves out of the question, also trendlines. Move to the hourly chart. on BTC you have to be somewhat careful of price levels because they do exist, and I'll explain later.

You know what people mean by taking emotions out of trading? here's what you do. You take some indicators, a bunch of them, together, and test them. If by your own rules they all agree to go long or short, you open that position. you basicly end up with an algorithm.

Of course, I'd be wary of actual price levels (my indicator gave me a long on the last 19.800 pump and fuck me if I avoided that one).

They're not the best at all but I'll just give you an example of what I mean. Put up any moving average (be realistic here, don't use a 200 on hourly), RSI and MACD on default settings.

Use the crossing of the moving average as a long or short. Then you check RSI and MACD.

Use RSI as a trend indicator instead of overbought/oversold (so if the line crosses above 50 it's a long signal and below is a short), and MACD as is. If price closes above your moving average, RSI is above 50 and MACD has crossed (green instogram) you have clearance to long.

See pic related. Once you get a valid entry signal, set take profit and stop losses accordingly, using ATR. Again, these are crappy indicators but it's an example of how many false signals they filtered out. You won't win 100% of the time, it never happens, but that long at 17.100 would've given you easily 2600$ profit on a 1 BTC trade.

>>24476874
Adding on to this.
Your moving average crossover in the other direction is an exit signal. No matter what, if you enter long and the next candle closes below your moving average, you exit. Take a small loss to live another day.

Don't be the smartass trying to call reversal. That shit hardly ever works. You might get lucky once or twice, but in the end you'll end up blowing your account. Trade with the trend.

Translation

>I made $150 yesterday day trading because everything pumped

I am needy and want attention

>>24476740
Thanks, anon.

Another stupid example, but just by having 3 shitty confirmation tools not even tweaked telling you yes or no look what kinda entry they gave you.

Imagine if you put 4 or 5 of them together, fine tune them, and backtest them on BTC, ETH and LINK.

>>24476874
pretty much this
but with way more YOLO

>>24476997
No problem man. I hope you go the local exchanger route, the world needs way more people willing to do in person BTC exchanges. We really need to beat KYC bullshit. Nobody who needs pocket money for the night should be forced to sell on an exchange and wait a week(!) to get their money. I'd be doing it myself but I'm going to have to set up a couple extra hardware wallets and buy a cheap smartphone to check prices first, so it'll take me a couple weeks.

>>24476874
What sites do you use for observing the charts?

>>24477043
Last piece of info. ATR, Average true range. Whenever you open a position that shit should be ALWAYS up on your chart. It tells you, on average, how much anything moved in the last 14 periods. You use that to put stop losses and take profits. As a starting point, set 1.5x ATR as a hard stop loss, and a 1 ATR as a take profit. If the trade reaches your take profit, you take half your trade off the board, and move the stop loss to break even. At this point you let it run, because you can't lose.

ALWAYS ALWAYS ALWAYS have a fucking stop loss. Don't be a retard. Money management is the first step if you want to day trade. You're not going to put your $100 and have them turn overnight to 15k.

For perspectives sake: Warren Buffett pulls an average of 20% yearly returns. Scale it to your $100 account. If you end the year up at $125, congrats, you are a better trader than him.

Enjoy

>>24477351
Metatrader 4. Some brokers do have BTC on MT4, and the charts are pretty accurate (but never trade it there, spreads are dumb). As far as actual trading goes, I use FTX.

There's so many indicators on MT4 you can download and add and finetune. Tradingview in a pinch can work, but the free version only allows you to have 3 indicators on your chart at any given time

>>24474001
What's your capital, risk amount and your timeframe?
I can technically do it but find shorter time frames annoying and fucking with my trade psychology.

>>24477528
What is the best timeframe for you?

>>24474113
Fuck around with options kid, I’ll give a tip buy a 12/4 125$ call rnow. It’s cheap as shit rnow and you have nothing to lose

>>24477819
In my experience the hourly chart for BTC is the one that has given me the best results. 5 and below is madness, 15 and 30 min you have to finetune ATR for stop losses because a single wick can kill you instantly, 4 hours and daily don't offer you any real insight as far as trading goes.

I just go with market orders when I get a signal on the close of a candle.

>>24474038
Free time? What free time ...biz is a full time job

>>24477994
Gotcha. Unironically my strategy is the same as yours. I'm planning backtest the shit out of of all the indis for at least 6 months while I raise capital. MT4 really is the best platform.

>>24475092
Based autist

>>24474001
I make $300 a day guaranteed by working like an adult

>>24474077
based and surfpilled

>>24478091
Yup. Thing is, indicators are made by math people who don't trade. They make something up and they're like here, test it. Shit like RSI was made in the fucking 80's for the stock market (and even then it was made for daily and weekly timeframes - and it was shit). Crypto follows a completely different set of rules, so expecting it to work properly is just asking to lose money.

Sometimes though just flipping an indicator, tweaking the settings, using it in a different way, (RSI as a trend indicator with a line on the 50s) or just plotting a moving average on one can really surprise you. Once you have a system in place, the fomo aspect dies. If it tells you to enter, you enter. Otherwise you move on with your life.

>>24478023
There's truth to what you're saying. I can't seem to be able to leave this fucking board

>>24478341
Yeah and even this can be done in other markets, not just crypto. Sooner or later the liquidity won't be there for awhile, but you'll have other options. The thought of that alone is priceless and even gives you a sense of peace. FOMO doesn't get to me anymore. Almost makes you think how this is even allowed lol.

>>24474001
>AMA
account size
leverage
risk

LOL

You are small fry

>Long CLF

>>24478738
honestly, crypto has liquidity but eh. At the most you can open a 5-6 BTC position without slipping too much (and even then, a 20 points slippage on a 5 BTC position you're already $100 down). I usually stick to 1.5-2 at most even if my risk allows more because it's not just worth it. This kinda play once you get a decently sized account (15-20k) allows you to hit stock market and FX and do very well though, because there's no slippage issues even on the exotic pairs. Your 1 lot won't do shit in the grand scheme of things, or your 10k position on the SPX.

>>24478888
what a waste

>>24478927
>slippage
The worst fear man. Most of these crypto exchanges are probably doing it on purpose too

>>24474001
I make 800$ a day by yield farming :))))))

>>24474001
Need help! Any good calls or puts that can help me get up?

>>24474001
I make roughly same without doing anything by yield farming, AMA

>>24478023
Based and biz prison-pilled

>>24479420
This is the liquidity tokens you claim only? Which ones?

>>24474001
I loose 150-250 daily ask me anything .

>>24474001
How about you play the market on a timeframe that is longer than 5 seconds? kek

>>24474001
The real story isn't the price but the trade volume in satoshis. It's like nobody cares about btc anymore, kek

>>24474999
Honestly you can get a good feel when you just keep looking at the prices over a period of time

>>24474999
you can't, it's nonsense

I want op to rope himself for one of the shittest ama thread ive seen

Manual trading is retarded in an age of quantitative finance and machine learning.

Your "experience" is just a few patterns your slow human brain picked up on after countless hours spent staring at charts that fire neurotransmitters that give you a "feel" of the market. As this is ultimately just boils down to pattern recognition, machines can and are doing it better than you.

I make $500 a day feeding vNFTs and mining MUSE. AMA

>>24474001
What's it like being poor?

>ask me anything
>refuses to answer or gives fucking retarded answers
just another day on /biz/

>>24480958
The human brain is able to perform orders of magnitude more calculations/operations than the most advanced super computers. Also, poker and chess bots that use machine learning to play "perfectly" are regularly beaten by actual professionals (a new AI is made every few years and is usually turned into a pr stunt). AI isn't anywhere close to human's subconscious thought processing/pattern recognition, like not even in the same stratosphere. Most people just don't know how to recognize signals from their subconscious

>>24476426
Holding what?

>>24481139
>The human brain is able to perform orders of magnitude more calculations/operations than the most advanced super computers

GPT-3 has something like 200 billion neurons which is double that of the average human brain. This discussion is hard to define but by that metric supercomputers beat humans. At any rate, you don't need supercomputers to do many human-level tasks as evinced by all kinds of machine learning experiments (self driving cars for example)

>Also, poker and chess bots that use machine learning to play "perfectly" are regularly beaten by actual professionals (a new AI is made every few years and is usually turned into a pr stunt)

I'm not sure about poker but definitely, definitely not for chess. Chess bots have LONG since left humans behind.

>AI isn't anywhere close to human's subconscious thought processing/pattern recognition

Deep learning says otherwise so you're fighting a losing battle here

>>24481389
>t. gurgler of AI's cock

>>24479061
Not really. There is a lesson in that post.
Partly in the fact that OP didn't answer.

>>24481525
Who said AI was male?

>>24481139
Dear /biz, this anon don't know shit.

>>24481389
But this one does.

AI is old as fuck.
But neuronal network (even if not that new) are a subset of AI that just is the best at patern recognition by first grotesquely abusing statistics to find the model, and then quite easily and happily apply said model to incoming data.

>>24474156
>i like to support capitalism by paying more taxes to fight communism
me too. we should give 100% of what we make to the government so that it can fight communism effectively

Why the fuck this poorfag gets so many replies? Are people on /biz really that broke and think this is a lot? I make 3x what this fag does and I'm self-employed. You guys are fucking disgrace. Get your bread up, clowns.

>>24481642
Do you know where you are?
Of course a woman can have a feminine penis. Ask /d or /pol.

>>24480993
>MUSE
can I mine it with a 1070 ti? asking for a friend.

>>24479259
Thing is, I can understand it happening, and one could say "well dude you're opening a 100k position on BTC, the fuck did you expect" - but if you translate that to a 50k account with a 2% risk, that's 1000$ you can afford to lose in a single trade. And starting with 10% of your max loss already is pretty huge.

>>24474001
i threw like 60 bucks at binance 125x futures and left with 450 in 3 hours ish.. Not sustainable, you will burn out

>>24474540
aret there zero fees if you do limit orders in COinbase Pro?

>>24482587
> i threw like 60 bucks at binance 125x futures and left with 450 in 3 hours ish

cz will scamwick you out of the postion unless you are VIP level 2 and up

>>24482642
english please

>>24481769
wow can i have your autograph?

>>24482630
No, the fees are based on 30 day revolving trading volume as follows (M/T):
0-10k
>.5/.5
10k-50k
>.35/.35
50k-100k
>.25/.15
100k-1m
>.2/.1
If you’re regularly moving more than $1m a month then you wouldn’t need me to tell you this
>t. literal $6k poorlet in the $100k bracket

>>24482675
learn trader lingo newfag

Everyone here is over complicating this. All you have to do is buy low sell high. Here is a technical pattern that always fucking works: europoors have weak hands so the market always dumps when they wake up. Set your buy orders for around then. And then set your sell orders near the high of the previous 12 hours. Close your trading portal and go do whatever. Come back and you've made money. I do this every fucking day. All of these TA / algorithm analysis bull shit doesn't work, especially when the crypto market is actively manipulated by chinks, whales, and weak handed bitches in europe.
Iykyk

>>24478023
this, but unironically

>>24474001
How much do you charge for a course do I just click the link from the youtube advert?

I make 500 a day working, so what?

>>24476809
I day traded that stupid drone company that was shilled here and make money on the pump.

Recently I faced with a new platform, duckdao.io, seems legit. Has anyone taken part in their Hunters Season, what can you say about DDIM?
Wanna know your reviews before investing.

https://drive.google.com/file/d/1yVB8W5sfGErrReT_QhJVA3fbF7yyj3qT/view?usp=sharing

>>24482750
If TA doesn't work how are the high IQ anons in this thread making money?

>>24481769
sucking dick for pennies doesn't count bro

>>24482642
absolutely, cz will do everything in his power to liq you.. just gotta "time" what the bots are gonna do before it happens

>>24481769
Yeah, why would people lie on the internet.

>>24474405
>btc at all time high
>ideal time to buy-in on a margin
lel I love this place

>>24482814
Can someone explain this anon's pic?

>>24483357
retardation.powerful retardation

http://clfto50.gamekongs.com/

>only 250

lol

>>24474815
>how to do is short a coin

when prices are going down and you are sure,

margin-sell 10x leverage
Your current worth in usd (either as free usd or coins sold at current price) multiplied by 10 ... you can use this much to borrow coins .. say 10000coins, and sell it right away to get say 5k usd

When prices go down further and further, and around the time it pulls back up slightly, buy 10,000coins with 4k usd instead of 5k. repay 10,000 coins. Keep 1k usd profits

>>24483357
lurk moar

>>24484280
Been lurking since 2016. I guess I need more time lol

>>24474001
Okay now how much do you lose a day

>>24481317
My dick.

>>24483183
They aren't.

>>24474001
>1% down
>Buy the dip with $25000
>1% up
>cash out with $25250

>>24474038
A job to supplement the income

>>24474938
>If you really make money you wouldinvest more and thus make more.