/biz/ - Business & Finance

>>53533596
Risk management

>>53533622
/thread

>>53533596
You can't
/thread

I wish I could have a studio apartment house. I hate having walls but I also hate apartments.

>>53535333
It's called an "open floor plan." It is good.

>>53533596
if the wins money amount is biggerer than the losses money amount

>>53533596
Every reply here is retarded
>>53533622
Even this. Risk management doesn’t tell him how

Set tight stop/loss orders and take profit anon
Buy BTC at $23k, set stop/loss at $22.99k and profit above $24k
If prices moves down $100 you lost but stopped before you could lose more
If prices moves up you made $1000 plus
It’s not that hard

>>53533596
Win more than you lose != win more often than you lose.

>>53533596
You can have a 1% win rate and still make money if the payout from those rare wins is high enough.
Learn the Kelly Criterion.

>>53535607
No, you’re retarded.
You can have a 10% win rate and be profitable
>start with $100k
>risk 10k each trade on 10 trades
>9 trades trigger stop and you lose 1k
>repeat 9 times
>1 trade triples and you get $30k ($10k initial + $20k profit)
>$20k profit - $9k losses = $11k profit with 10% hit rate

>>53533596
I have a room like that in my house but it's nicer because it has a window with a view of the mountains. Non daylight basements are depressing.

>>53533596

>>53533596
you IQ is so low that even if i explain you are going to negate or say its impossible to trade. get filtered faggot

>>53533596
If your strategy hits at 30%, just do the opposite.
70% win rate.

>>53535333
Why don't you want walls? I have an open plan kitchen/living room/dining room and it sucks if you cook anything with a strong smell, plus it's more space to heat in winter.

>>53535729
Can you explain that without using so many numbers?

>>53535607
>set SL/TP on crypto market
>market manipulates the price to trigger your SL before letting it rise past where your TP would have triggered
Many such cases.

>>53536269
Sure, read this >>53533622

>>53533596
This thread is amateur hour. The blind leading the blind.

>>53535852
Ok, then how cant most people profit, it seems like you have bullshit winning system and still win

>>53533596
Variable size of input and risk.
If your biggest bets are the safest and come trough while your smaller less important are usually misses you an be earning with 30% win rate.
Bet $100K on 2 bets of some low return safe stock.
Bet $1K repeatedly on 8 bets of some wild risky stock.
2 bets go trough and you have some small earnings.
1 out of 8 risky bets goes trough and others fail you are in a net small loss.
But overal you earned on 30% win rate.

>loss trades average a loss of 1 dollar per trade
>won trades average at a win of 1000 dollars per trade

simple.

>>53533596
What's the duration of your investment plan? Get your funds on liquidity pools through DeFi terminal on the Nomercy 4 yr LP, 30% is certain with low risk too.

>>53538057
that is the risk management system, not your trading strategy.

most people have neither, they just buy stuff, and paperhand it when it goes down, then buy back when it goes up.

if you just look for good trades, simple stuff like "this will probably either break down -5%, or go up 20%", and set a stoploss at -6% and a take profit at +15%, and do this with small enough position sizes (5-10% of portfolio), you will probably do fine given that your intuition isn't completely off

>>53533596
Asymmetric bets

>>53533596
What's your R:R? If you don't know what that is, don't trade. When you do know, you'll understand the answer to your question

>>53535729
Holy shit you’re dumb
You didn’t understand what you’re replying to at all
The list you responded you to told you how to do what you just said
Fucking retard
>>53536279
Yeah no shit thats why the success rate is lower than 50% but if you don’t lose a lot of money with tight S/L then your big wins make up for it
The reading comprehension here is pathetic

>>53533596
30%?! Those are rookie numbers!

>>53533596
30%?! Those are rookie numbers! you talk to me when closer to 25%

>>53539744
for those who might want to ask: this guy is right. though i will add imo finding the ratios of take profit to stop loss if you do not strategy test you are just guessing randomly. and even backtesting can be wrong. so random guesses = the worst of the worst

>>53535333
I also hate walls fren.

>>53533596
If 30% of the time you double your money 100% of the time

70% of the time you lose $1

>>53535607
That is the most retarted shit you can do have stop loss so close.

>>53539744
I didn't read your post before I responded

For a 30% example, you need a multiplier of 3.33x to break even, so any higher is profit.
For example if you aim for 4x for trades and are correct 30% of the time, you are a winning trader because even if you lose 2/3, your 3rd trade creates profit. An example of 100 dollar trades with a 4x multiplier with 2 losses and 1 win.
-100-100+300=100 profit.

>>53535333
you can make a 2 story geodesic dome house that is completely open space except for a bathroom

if you are super cheap you can put up a Quonset hut instead, only costs like 10k materials and 5k build cost.

btw every crypto exchange regularly (daily) stop loss hunts +/- 5% of the average price and can easily dip 10 or 15% suddenly and shoot back up

How many of you can write a tutorial on trading it's actually pretty hard to daytrade

>>53538057
The trick is to increase your margins in all axes. Most retards will try to get better success just by altering their profit/loss metrics (i.e they're exit conditions). This is ok, but you need to increase your time axis as well.

It's much better to take a $1000 week long trade than to do 10 $100 6 hour trades. You might think, well don't I want to place as many trades as possible to statistically average out my win rate? No. You want to have less risk overall. Increasing time axis will average out volatility and make trades more easily profitable.

Consider the wheel strategy if you're new to trading.

Also stop trying to make it if you don't even have $10,000 saved up to play with

>>53536244
Have you considered not cooking smelly three day old rotten food?

>>53543931
Step 1: buy high
Step 2: sell low
Step 3: post pink wojaks

>>53533596
It's very simple. Your 30% winning trades make more profits than your 70% losing trades make losses.
However seeing as you had to ask this, you are probably way too low IQ to trade.