/biz/ - Business & Finance

Why would anyone be interested in asking you things?

>>29633725
You long /ZC?

do you actually hodl/stake? i'm not comfortable with daytrading. buying shitcoins and staking is great though

>>29633725
how much $ did you start with?
what leverage?
which exchanges?

>>29633725
Do you actually trade off the 5 minute or just use it for entries?

>>29633884
had about 180k in eth and link. Sold 70k off a week ago for the first time in years. Waiting for Btc to break 64k and i will likely get back in. >>29633811
not atm, its to risk heavy.

What exchange do you use for futures and crypto?

>>29633978
started with 20k 4 years ago. Dumped about 90k total of my own earned money over the years. Had some wild swings due to inexperience in 2018 and 2020 due to my massive NVDA positions, but ultimately have over 400% returns to show for. Tastyworks for options/futures and coinbase pro.
>>29634012
5 minute charts are for short term scalps on positions i already have. Right now i have massive gold position that is kind of dangerous so ive been hedging with gold contracts every night.

>>29633725
what do i need to study to have ur market awareness?

>>29634197

My question as well

>>29634324
Everyone is different. My own experience comes from trial and error. Massive losses. Have your skin in the game for long enough, follow the indices long enough, see how all the markets move in relation to one another, spx/nas/gold/oil/10 year/vix/btc etc, and you will slowly learn a 6th sense.

why are you poor

>>29634263
>coinbase pro.

What trading pairs do you prefer

>>29634371
>>29634197
tastyworks for futures/options/stocks coinbase pro for crypto>>29634480
My karmic birth

>>29634263
you're doing good, all the best to you
I trade forex myself and roughly 12xd my initial within the first year, next month will be my 2nd year... also made a bunch of stupid mistakes in the beginning, resulting in an almost 90% drawdown in the first month

>>29634510
i hold primarily eth and link in large amounts long, i trade with btc and use dai as a currency holder.

>>29633725

How do you know when to sell? I am pretty good with buying but always having trouble with selling. Also do you have limit orders, trailing stops or what is your favourite tool?

>>29633725
Do you think the market will tank within the year? Also what to invest in?

>>29634999
90% of my trades are based off of charting. For short term trades, try to aim for a target price, like you would a stop loss. Market intuition takes time. and money.

>>29635105
Unlikely due to upcoming inflation. Silver/Eth/Blue chip tech.

>>29635112

Yeah, that's pretty much what I do as well. If I trust it to go up, I just put sell order to +10% and wait. On shorter time scale I usually wait for swift movements and then buu/sell, but that is just gambling so far.

Do you use leverage? I am trying to figure out strategy on that. If I had $1000 I could have 10 $100 bets. With 10x leverage I would need to hit 10% rise to make $1000. That means I would need to hit 1/10 of my positions to stay even if 9 other fail and get liquidated.

Mu question is if that is realistic by any means? Also Coinbase Pro is actually pretty expensive, have you considered Binance/FTX?

>>29635471

Nice thread

>>29636434
he's just larping anyways

>>29636605

Hard to say for sure. Using Coinbase Pro is a good hint though. Maybe I'm just too hopeful and successful traders just simply do not exist.

>>29636840
Using leverage for single directional trades should be done with small portions of ones account, and is often best left for use as a hedge. You will likely lose your 1k quickly with your strategy. I was on binance many years ago and shifted over to coinbase pro for security reasons as my account was getting too large for me to trust with a china man.

>>29636840
I'm sure they do, but consider for a moment: why would any of them post here?
I had a phase where I daytraded with smaller amounts, using roughly 25% of my total capital per trade, often swift scalps, i.e. riding ETH down to $1500 a few days ago. Why so many people fuck this up (me included)? You get too greedy. I was averaging a 2-4% return daily which is more than excellent if you think in the long term, but of course I wanted that 10x NOW so I lost my money gambling on BSC shitcoins and leveraged futures.
When I get my next paycheck I'll stick to the good, short-term trades. As much as it's become a meme to say but you absolutely need to set and stick to a trading strategy or else you'll bog yourself.

>>29633725
predictions on btc movement from here?

do we go to 70k or retrace to 25-35k bottom?

>>29637468

>why would any of them post here?

Let me extrapolate that and suddenly we have an answer:
>why would anyone post here?

But yeah, I have been grinding 1%-2% on my shorter trades as well, seems like the fluctuation is more controllable that way.

Then again, I have managed quite a few good buys but all of them have been long hold positions which I have not realizded... I have difficulties in selling. Well, taxes obviously.

>>29636959

Yeah, sorry for slight provocation :D I moved my holdings to Coinbase as well, same reasons. But then again, Binance trading is about 5 times cheaper so it made more sense to practice trading there.


For both of you:
>did you practice in simulator first
>have you checked FTX platform

>>29637468
>25% of my total capitol per trade
>when i get my next paycheck
>stick to short term trades

My advice for you is to never trade again. Put away some money periodically in spx/ndx/silver/eth. Heed my advice or remain a dirt poor fag for life. >>29637752
Im bullish on crypto for the next 2-3 years, If btc drop below 40k im going in balls deep.

>>29633725
which indicators do you find most reliable for scalping crypto?

>>29638047
i dont scalp crypto and just before the recent dip was the first time i sold off a large portion of it (35%) and put it into stablecoin.

>>29638017
>boomer rocks
reddit army diamond hands le squeeze squoze xD
>>29637920
>Well, taxes obviously.
if you have any unrealised losses you can realise them and instantly buy back in again to offset those

>>29634263
What is gonna happen with gold in your view?

>>29638133
I'm trying to take a more active approach rather than just holding, especially through these dips. I made 3 dollars today practicing with $20 shorts on BTC.

>>29633725
Whats your trading strategy?

>>29638184
My hope is it recovers from these levels, but i fear, if we fall a little bit lower, below 1740 on a monthly close or so, gold my enter a multi year bear cycle. I value silver as more desirable for the next 2-3 years.

What do you make of the /VX spike up to the july contract and backwardation thereafter?

>>29638258
i sell naked puts, covered puts on futures, wide strike condors when volatility is up, and hold eth and link.

>>29633725

What charts/software do you use?

>>29638570
There is a large inflationary fear of the near future. >>29638570
tradingview

>>29638017
i didn't ask about 2-3 years. i'm asking where you think it will go from 50k. down or up?

>>29638663
Thats not something i would concern myself with in regards to crypto. The only sensible option right now is if you bullsih, you should be adding on every dip. If i was forced to put my money on it, i think btc will go to maybe 46-42k before further bullish movement.

>>29639130
ah, i thought you were a trader in the sense of futures etc
i shorted btc at 56k

>>29633725
WHAT COIN SHOULD I DUMP WHAT I HAVE INTO

>>29639916
I am but not with crypto. I dont trade crypto regularily.For the first time since ive started buying, I sold off 40% of my holdings just recently maybe 2 days before this recent crash. I am slowly adding back in.

>>29633725

Do you mess with steel futures

https://stocktwits.com/symbol/CLF

>>29638381
Do you trade options at all? i'm getting into scalping options and i'm making an okay profit

do you fuck with VIX?

>>29633725
Do you hold Kleros? I need to know if I can trust you and that is the base level.

>>29640128
Nope>>29640243
Outside of crypto, all i trade is options.>>29640446
Yes i use vix spikes to sell premium.
>>29640451
chainlink is as far as im going when it comes to shitcoins

Is it a good idea to start investing £300 per month in BTC and ETH? Currently only hold about £300 in crypto, so late to the game compared to you retards.

>>29640820
Not the OP but DCA-ing in is fine strategy just be prepared for a long hold

>>29634066
>its to risk heavy
opinion disregarded

>>29633725
What indicators are you using in your OP set up?