/biz/ - Business & Finance

If you dont realize the jews are behinnd it right now, just sell all your fucking crypto and go buy a ps5.

>>29382433
>setting a stop loss on the future
You get what you deserve, retard.

>scam wick
many such cases

>>29382433
You should always set your stops on the high end, not low anon. Look at the daily swing % and set your loss a little bit beyond that. Dont set your stop at the bottom of a fucking crater.

>>29382755
I just adjust isolated margin and leverage so my stop loss is liquidation.

>watched the red dildo as it got within 2% of my liquidation level
I never took drugs but I imagine that's how it feels like.

>>29382433
>he got scooped by scamwick.exe

God damn the whales ate a shitload of stupid minnows today

>>29382433
>using binance
lol

>>29382433
because you are one among many.
whales know that. they unload their bags on your stop loss.

>>29383141
unironically this. Using leverage to control risk is the real chad move

>>29382433

>>29383409
you're gonna get wiped eventually, this was like a 15% drop from ATH

try be more original with your stop losses

>>29382433
I got fucked too

>>29382433
https://www.youtube.com/watch?v=KV5QlSgq7lg

>>29382433

>>29382433
anon... you should have set buy orders, not stop loss, you dont want to sell at the bottom do you?

>>29382433
Wanna hear a funny story? I set a stop loss for BNB over the weekend and chose a little below $250 as trigger. Went to bed, got up again yesterday to find a bunch of Tether in my account and no BNB, because it dipped down below JUUUST that much during the night. In the meantime of course it was already back to around $290. Spent the whole day yesterday rearranging my portfolio to mitigate the losses, reinvesting and even buying some BNB when it dropped down to $285 temporarily.
Turns out, I should've just let my damn hands off that, it was a Godsend. Had I just leave my funds in Tether, I could've bought the shit out of this dip, but now I'm instead still up in the red.

>>29382433
tfw understand nothing in this thread

instead of a stop loss, sell then have a stop buy. I'd MUCH rather get locked in holding bitcoin than cash.

*bzzzzzzt* *bzzzzzzt*

>>29385536
Bogdanoff? He set a stop loss...

>>29382433
Unironically institutions are cashing out

>>29385079
that's something really hard to manage when you get knocked by the stop loss. I am happy I didn't put anything and I will just monitor the prices through the day

>>29385149
lurk 10000 years before posting

>>29382433
thread theme
https://www.youtube.com/watch?v=F3MTFJz50qc

>>29382433
let me help you. dont set a stoploss on btc. ever. here are the steps toward making it:

>buy as much btc as you possibly can
>hold it

>>29385536
Hello? Yes?

Why even bother?
My stop loss is picking decent projects and holding, only day traders need stop losses.

>>29382589
>a ps5
>a ps5
>a ps5
no thanks im not a nigger

>>29382433
entire reason for flash crashes is to liquidate longs and break stop loss

>>29385964
CONTINUE THE DUMP

>>29382433
I understand,

DIP litteraly sold DOGE and REEF on stop loss.

Thank god I was able to save my IOTAs and GRTs, I would have roped if I haven't

>>29382433
>stop loss

>>29385079
Dont do nice numbers like 250 next time. Do 241 or 238 to save yourself from bots

>they lose money in the greatest bull market of all time

lol

>>29383526
Whales don't eat minnows.

>>29384990
He's too stupid to save

>>29382433
>stop loss: none

>>29382433
Stop losses are visible in the order book and represent cheap sell orders.
The only way to ride this train is straight bareback

>>29386037
This right here.

There were people who bought ETH at $10 and set their stop-losses at $8. I bet they're happy now.

Stop losses are NOT visible in the order book unless they are limit orders (which they are not because you can not put a sell limit order below current price because it automatically becomes a market order when you do so)

whales do not *see* your orders.
they just know they are there because statistically there is a good fucking chance that there are there.

same goes for over-leveraged gamblers, whales do not need to see them to know that they are there. lol

everybody got it now?

Have you never traded before? Stops get run all the time in crypto

its like a fishing vessel that throws out a huge net. they dont give a fuck about the individual little fishes.
they just know that they will fill up that net as long as enough fish are swimming there.

the retail trader has the "fisherman with one rod" mentality
whales have the "trawer mentality"

>>29386037
THIS

>>29385079
I had a buy order for 250 and it never hit it.

>>29382433
I hate my CEX. Their shit is always a margin lower compared to other exchanges. When I set a tight stop loss, It always get triggered even though an exchange like Binance wouldn't have touched it.

>>29382433
glad i got 400 in bitcoin stocks at 47500 today.
new shoes here i come.

>>29391633
then stop setting tight stop-loss orders, doofus.

>>29382433
This is actually the reason I tend to not fuck with stop losses. I sell gradually as we go up, not on life-ruining scam wicks only to get stopped-out lol.

>>29382433
Musk

>>29384954
This.
He literally sees all your weakness on his order books.

>>29387826
I did, see:
>chose a little below $250 as trigger
I think I set it at $244

>>29390742
On Binance? Just checked the 4h candles, and now it shows up as going as far down as $224 on the night of 02/20 to 21. Was convinced when I checked the next day it showed only down to $240 or so. Oh well, lesson learned. Maybe.

Because the only time there is enough liquidity to place massive buy orders is when retards like you are mass panic selling.

SCAM WICKED

Chinks did it. F2Pool set shorts and then dumped their BTC on the market.

I'll never understand people who use stop-losses if they aren't actively trading, or if they place it beneath a massive monthly support level.

Crypto is volatile as shit, and more often than not you're going to get stopped out at a loss. And while you sold low, smart people placed their buy orders right next to your stop-loss.

>>29386042
That was the point of the post you fucking nigger. If you are that clueless you are indeed a nigger and should go buy that glorious ps5. If you arent them shut the fuck up and move on.

>>29388741
We're plankton...

>>29385917
nice advice if you're already rich. useless if you are not

>>29393611
How do you think I got rich nigger?

>>29383009
>You should always set your stops on the high end
doesn't the stop get hunt in this way?

>>29382433
>I love unregulated markets!
>Wait, not like that

>>29382433
>trying to day trade on crypto and setting stop losses on the hourly charts when crypto is known for its volatility.
I don't know why you retards haven't learned your lessons yet.

>>29382433
>WHO IS BEHIND THIS SHIT?

>>29389393
>whales do not *see* your orders.
They actually do, with order flows.

>>29385536
LOLOLOL read in the voice

chad get their buy orders filled on those same wicks

>he still uses stop losses
>he still did not realize algo's can see his stop losses and make a quick sell-rebuy to clean off his and other stop losses
>he still didn't learn that wicks don't matter, only open and close price, with respect to many timeframes
ngmi

>>29396379
Not only that, trying to "predict" on the hourly timeframes as well. Imagine actually day trading the most volatile asset on earth.

>>29382433
once there are enough stop losses at a price range they can dump the market to collect them

>>29383643
what to use then?