/biz/ - Business & Finance

>>56448452
That's pennies, I've lost over $20k just swinging incorrectly over the last 4 years

>>56448463
I no longer believe strategy means anything. as far as im concerned, it's a guessing game.
but again, this could be sub-IQ talking.

>>56448452
>6k
KEK
its not about being smart if you have above 100 iq you can probably make it, it just takes a lot of time to control your emotions and have good execution. There's no need to give up, just practice with paper money untill you're profitable. Even if it takes a few years, if you become good you will have the skill to make a lot of money .

Just hold bitcoin you dumb nigger

>>56448452
just do the opposite of what you think you should do and then you'll make 6k

>>56448510
this is exactly what I was thinking with this last 1k.

as soon as im ready to place the trade, which is based on chart readings and tech-analysis, I should instantly switch positions and do the opposite.

had I done that, id be in the green, but alas.

>>56448452
its not about being smart its more about being in control of yourself, your psychology, emotions.

>>56448452
Youre a stupid nigger playing with tools you don't understand

>>56448482
in a large part, you are correct. The shorter the timeframe, the more markets resemble Brownian motion, and the more noisy any possible signal is going to be. Larger timeframes are easier to "predict" but still have issues with timing entries to ride bigger waves.

Basically good trading comes down to execution and knowing the risk. You could have the best plan in the world, 100% prediction accuracy and still lose everything from a single scamwick cuz you decided to put money at risk in a completely illiquid scam market which can scamwick at any given moment.

Best to just ride the wave really. Embrace the normie DCA mindset and figure out how to sense an impending top to dump your bags before its too late.

>>56448530
You think I dont know this anon?

out of curiosity, how much have you made leverage trading?

>>56448533
brownian motion. never though of it like that.

>>56448452
>I think it's going up, it goes down.
>I think it's going down, it goes up.
>these decisions cost me 6k overall.
too large position size and or don't trade sideways movements

>>56448570
I'll give you one trading strategy that works really fucking well, just for example of a good signal: buy the end of cascade liquidations and sell the power-bounce. i.e. 05/19/21 30k->42k and 12/04/21 42k->52k. There's been a few since then but not at the same scale due to the washout in leverage. It's quick and fast money, but as with anything there are caveats:

>cascade liquidations don't happen often
>when they do happen, they happen really fucking fast
>you don't know where the bottom is unless you are watching the charts like a hawk at precisely that moment
>you won't catch the actual bottom unless you really did your homework and your orders are in before the cascade starts
>exchanges become laggy or even go down due to massive stress on their liquidation engines

So basically it's a right place right time kind of trade. Doesn't happen often, the conditions have to line up at the same moment that you are ready and capable of executing, and the exchange has to be functional enough to let you hop in at least near the initial phase of the bounce. They can be traded on any timeframe but generally speaking, bigger is better. The smaller the flush the more risky it is to try and bet on a bounce. And for most alts just forget about it completely, most will just flush... and flush... and flush...

>>56448570
also that's bs. short term time frames can be perfectly predictable or perfectly random like any other timeframe. it really depends on the market regime.

>>56448563
$0.
But I've also lost $0.

>>56448704
>Hurr durr just buy when it's low and sell when it's high durrrrrrr
Thanks you fuckin moron

>>56448452
>leverage trading as a member of the public
That won't work. Investment banks etc have billions they can use to secure positions against price volatility.

>that's your opinion
It literally says all over the exchanges
>72%
>69%
>74% etc
>of retail customers lose money using this service

You'd have a better chance of picking an investment (e.g. petroleum versus renewables) flipping a coin.

>>56448452
that happens when you follow biz financial advise and instead don't buy kava

>>56448452
>6k
>>56448463
>20k

rookie numbers

>>56448452
It takes 2-3 cycles to get good at trading. Until then, you will likely lose most of your trades