/biz/ - Business & Finance

>>27868522
Because brokers and exchanges can literally see your stoploss. They have nifty charts that show exactly where the hotspots for retail stoplosses are. Why do you think price always tags a low by a few ticks and then reverses? It's rekting retail noobs

>>27868713
This makes sense. I was just wondering what the fuck is the point of price patterns, trendlines, supports, and resistances, if prices do the logical opposite of what all of those entail.
>Do what you're doing but the exact opposite
I think I'm gonna make a small account and literally trade the opposite of my instincts. Will probably be a millionaire by the end of the week, brb

>>27868522
TA is not a meme, it takes some time in the market. But the market makers always play this game. It's a question of getting the stoploss just right, and you're safe from shakeouts, and fakeouts. Trade on confirmations.

>>27868944
Checked. Yeah, I'm just trying to get some time in the market, but it's hard to learn when everything is going horribly wrong. I guess it's time to take a break and come down when I'm not in absolute rage from getting sodomized from fakeouts.

>>27869219
Try doubling a paper account. Less stres, less losses. When you've done it, came back. In the meanwhile, put the bulk of your position in spot, wait for a good swing opportunity ( weekly rsi above 90% ) . Everybody went through the same shit you did. And one day, you'll say the same thing to someone else. Good Luck, OP.

>>27869480
Man didn't expect these kind words. Paper trading is a great idea, I'm gonna stick to that before hanging my hide in the markets again.
>And one day, you'll say the same thing to someone else
This is my dream - to financially uplift others when I finally get ahead. The rage is already wearing off and being replaced with determination to get better. Thanks anon, WAGMI

>>27868522
>1/12
see, there's your problem, you need to actively seek to lose on 1/12 of your money every time. only then can you achieve infinite money.

>>27868713
>see your stoploss
too many people don't realize this
stop hunting is real
buy spot, mental stop. it's the only way.

>>27869810
Whoa, there, anon, be careful with that helping hand. You actively pursued this, i'm just giving you the right direction. But you're the one doing the work. Only help the ones willing to help themselves. Otherwise, it's just a fucking waste of time . Been there, done that.

The secret method doesn’t work when everyone is using the “secret” method

I’ve been bogtrading/catalog trading for months, hope to make a YouTube video detailing my exact method and results. So far, it’s actually working.

>>27868522
What are your resources on gitting gud anons, so far all I've been doing is religiously watching memetubers

>>27870400
Try Ben Cohen, for stats, CryptoNewton, best ta in YT, and Bob Loukas, best macro. You're welcome !

>>27870400
I'm watching some Ecelebs like Mitch Ray and philakone. They also shot some books my way, so far my list is
>getting started in chart patterns
>mastering elliot wave principle
>trading in the zone

Mostly trying to develop a scalping strategy because of stop hunting like anons are saying. Idk if I got unlucky with chart patterns, but nearly my entire profile got nuked by fake outs. Im trying to learn to wait for confirmations before buying. Also drawing trendlines can be tough sometimes, because i can't tell if i should connect wicks or candlesticks.

I'm a fucking scrub, but I'm really determined to learn

>>27870121
High test post.

>>27868522
Markets take years to learn, no shortcuts

>>27868925
If enough people trade on common patterns then they can influence the market in that way. If everyone sees bearish signals and then sells then it is sort of a self fulfilling prophecy, no?

By and large, TA is not that helpful. It can help you garner some evidence, but trading on TA alone is not a good strategy. Some of the most useful indicators you have are moving averages anyway.

>>27868713
How can I use this to my advantage?

>>27871089
Finding this out the rough way. Although I hope there's certain things I can do to expedite the process. The advice I keep hearing is to strictly stick to mechanical trading with clearly defined points of entry when you're a beginner. Im gonna stay away from patterns for a while before I learn how to make price confirmations

>>27871299
Checked. After a steep learning curve, i understood, it's all in the price. It's so fucking simple. But to get there, i had to go through all that indicator shit, eliminating almost all of them, until i stuck with just rsi , pivots, vlo, and ema's . Most of the time, just for reference. The price is everything.