[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 98 KB, 645x773, 1504792224903.gif [View same] [iqdb] [saucenao] [google]
7924304 No.7924304 [Reply] [Original]

>Stopped reading crypto news.
>Got rid of all indicators.
>Only trade naked 15m charts based on price action with layered trades.
>Make better gains than ever.

Feels fantastic.

>> No.7924318

>>7924304
"layered trades"
explain

>> No.7924328

>>7924304
what coins you like to layer ?

>> No.7924381

>>7924328
Mostly mid-range coins on binance. Works out really well. I use 10% of my dosh per coin and start buying once something is roughly 10% below support then I just keep laying in if it continues to fall or take profit if it rises. Keeping a document open to keep track of your break even points is important.

>> No.7924383

How do i learn to trade? Serious question

>> No.7924415

>>7924381
What's the average time frame usually like between your buys and sells?

>> No.7924453
File: 12 KB, 231x250, 1517275439736s.jpg [View same] [iqdb] [saucenao] [google]
7924453

>>7924381
care to give and example OP, like on which coin did you do this and how do you trae your support lines?

>> No.7924461

>>7924415
Ideally you want to layer in in the middle of a big red dildo on the 1 hour chart and then sell on the bounce, but sometimes you need to hold a coin for a day or two. Just don't sell at a loss, keep layering in to drive down your break even.

>> No.7924499

Whats a layered trade

>> No.7924514

>>7924304
ok, i guess i dont know what layering is. explain to me layering like im 5 because im pretty stupid

>> No.7924562

Help me anon I want to learn Trading
I only know about RSI that’s it

>> No.7924590

I think OP means "averaging down" when he says "layering".

>> No.7924672

>>7924590
OP will change his mind when he catches a falling knife then

>> No.7924781

>>7924590
ok so what is averaging down then

>> No.7925211

>>7924781
Instead of buying whatever you want to buy in one fell swoop, you split it up and buy several chunks as the price hopefully keeps going down

>> No.7925340

>>7925211
ok i could into layering

>> No.7925390
File: 23 KB, 354x270, faggotface.jpg [View same] [iqdb] [saucenao] [google]
7925390

>>7925211

>buy something
>hope the price goes down

bold strategy cotton.

>> No.7925447

>>7924304
what is your actual formula? explain.

I know a guy that is basically doing same, fibonacci, subtracting diff and trading in the band, its alot of fucking work but he is making a couple hundred bucks on each trade a couple times an hour.

>> No.7925583

>>7925390
if you buy everything at once and it goes down further slightly then that's gains you're missing out on