/biz/ - Business & Finance

Yep, kept tight stop losses since last thursday. I don't margin trade, maybe will have to learn. have more crypto now anyway

>>9093194

Good job man, I'd drink many beers with you or smoke a joint if I knew you irl.

Your best bet right now is either USD or Tether (until we see a true confirmation).

I hope you have insomnia :)

>>9093181
What time frame rsi? Thx for the post

>>9093181
>stop-loss
buy high, sell low
good goyim

>>9093181
I just do the opposite of trollbox.
> Precious metals should never decline when equities are declining, it should be the inverse.
What does it mean if they do?

>>9093290
lol, you weren't up 100% on your alts by the time the crash came? stop loss was deep in profit for me

Made around 70% on my trading stack and am content with it. I just sold after all alt prices had roughly doubled since their last low.
What I am unsure about is if we still are in an overall bearmarket, or if we really hit reversal, and this is just a correction.

>>9093276

Daily on the RSI. Anything above 69-70 is a sell signal.

>>9093181
What if i just hodl forever

>>9093290

Actually, I still made profit regardless. I'm not easily shaken out of the market. I never lose, especially when the platform I'm trading on offers a market-sell. Have fun making sweeping generalizations.

>>9093475

You risk your entire portfolio. If you bought in in early 2012 like I did, "hodl" 50% of what you have. Otherwise your more incentivized to sell.

If you care to read this, $8500-8850 is a solid target price-point.

The risk outweighs the reward right now, and to be honest, I sold at 9650.

Take this or leave it. I hope you can look at this market rationally, and not emotionally. I don't want you guys to ever work a cuck-job ever again.

i love the smell of burnt dingleberries in the morning

gonna try to buy in at 8666

>>9093662

Same here. Smells like burnt lube and money. Mhmmh...

>>9093555
On the other hand... You're betting on bitcoin actually making it bigger than it is right now. I don't think those are bad odds. Hodl works.

>>9093686

You're not wrong, actually; that's a great price point and it's very smart of you to consider that. If you're correct (on the dot), I'd be glad to send you some BTC.

>>9093713
nice man good to see im not the only one getting more generous the more money i get

>>9093710

Hodl does work, but you have to understand the market is a lot "smarter" than it was before. Don't treat this like 2017, otherwise you will burn yourself.

>>9093181
>he fell for the RSI meme
RSI can be oversold or overbought for a significant amount of time.

>>9093740
I'm going to miss out on buying and selling when all the indicators are pointing in a direction if I don't stay up-to-date with bitcoin, but you can't deny that bitcoin has always reached a new high so far. So... why not just wait for that?

lol green IDs all over
XD

>>9093739

Thanks for confirming that metric for me, I feel the need to give away because semi-recently, I went to India to travel and gave away over $20,000 individual USD $1 bills to poor villagers. They offered me food, sex (with children - I was shocked), and a home to stay, but I reminded them the meaning giving and declined every offer, including their food which was...hard to decline.

Continue being "you" anon, I respect you more than you know. Sometimes I wish this board wasn't anonymous, but it's for the better.

check m
>>9093794

>>9093758

Sure, but when it bounces 2-3 times, you should understand your risk. I feel as if I'm a lot older than you, and I mean that with respect.

>>9093810
NOT LIKE THIS REEEEEEEEEEEEEEEEE

>>9093777

Hi,

I had a hard time understanding your point. Can you rephrase your question for me? No troll, I'm honestly curious and possibly full of answers.

>>9093758
Sure it can, but you also run a higher risk when staying in longer.

>>9093844
If I don't look at charts consistently, I might miss out on somewhat obvious times to buy and sell. But what if I just wait for a new ATH?

>>9093777

I re-read your post:

Because this time Bitcoin was on the global mainstream news, it went completely mainstream - we have more people connecting to API's than ever, this is a traders market now. and technicals mean more than ever.

>>9093867
What about all the bart formations? What do you make of those?

>>9093855

If you wait for an ATH, you will be be met with a red candle and will be forced to sell for less.

Use the daily chart (1 day or 12 hour). Check the RSI, and if it's ever over 70-80 in a bull-market, sell, if you're in bear market, use some math to understand when to sell - typically thins ranged from 55-60. I can't fully explain that part right now, I'd have to sit one-on-one with you.

>>9093901

"Bart" formations are esentially 1-2 bots working in action. Wherever they start, they will end either exactly at that point, or near it. These patterns aren't natural and you can use your knowledge against them, but it depends on the volume on ALL exchanges - keyword - "ALL".

>>9093809
can you change my life anon please? I think about killing myself every day now. I finally learned how to trade consistently but I don't have any capital to do anything with it. I lost most of it on an exchange's node going down.

1LGtEzL7VsQM3NuhzfmCMd1Ui69cFkBaN9

it's pathetic I know

>>9093943
Thank you for your answers so far. Is there anything else you would tell someone relatively new who is looking to do better this year with bitcoin? How much minimum capital do you recommend someone has in bitcoin in order to make decent profits this year? What do you see bitcoin reaching this year?

>>9093968

Hi anon.

No, I wont change my life - I'm a giver and will never stop giving.

Where do you live? Be honest. Answer me before you get banned. I'm in the US.

Just to put this into perspective for you, I lost over 100 BTC on MT Gox.

I worked my fucking ass off and got to where I am today, I worked customer service for 5 years

"Hello, welcome to ******* this is James, how can I help you"

Anon, I haven't had a weekend off in 7 years.

>>9093943
>>aren't natural
It is obvious that they aren't and your explanation makes sense.
Do you have a theory as to why was this " bullrun " initiated?
You said in a previous post that
>>this is traders market right now
Do you think these are connected?
And if so, to what end?

>>9094020
Canada.

That's a gut wrenching amount to lose and far worse than my own. Congratulations on your success man, you earned it. I'm just in a super low point right now, sorry for even asking.

>>9094020
>because semi-recently, I went to India to travel
>Anon, I haven't had a weekend off in 7 years.

>>9094049
Hey don't despair. It really is just money.
Learn more and you'll make it back!

>>9093984

I try to not speculate where bitcoin will reach USD wise, however, I rely on technicals/fundamentals.

For instance, when I first saw bitcoin on the mainstream media in 2017, I bought as many as I could, but only on the dips to maximize profits. Once the RSI hit 75, I sold - and at the time, "17k" that was considered "early" and I was apparently an idiot.


regarding the human psyche, I understand that scarcity is a "thing" but at the same time, this is an intangible good that doesn't exist. Treat this as an equity in 2008. Maybe you didn't hold equities in 2008, but if you did, you'd understand my reluctance to hold.

>>9094126
Thanks for this.

>>9094053

Eh,

funny meme, but I quit my job 4 years ago because I had enough to support myself for decades to come. Keep posting memes. They keep this website alive..

>>9094046

Hi,

Look at April 11th. If that doesn't answer it, then...maybe you should check out some candle stick literature.

Not trying to be mean, it helped me understand.

>>9094143

You're welcome. Any other questions are welcome. I'm here for another 5 hours - I want you to quit your job.

>>9094206
I want to quit mine as well, anon. I'm paying attention to all you have to say, so whatever you feel like sharing I'd like to hear.

You gave 8500 and 8800 as price point, for I guess a short term gamble. Do you expect a double top or a run up over daily 200MA

>>9093181
gotta test bottom again before moon

>>9094178
I don't think you understood my question.
I was on biz/ for days trying to work people that this isn't a bull run precisely because of the bart formations.
I think though that this pump was a version 2 of the March bullrun. This time they were not trying to even hide it.
Was I was asking is if you have a theory as to what end this pump was done?
Lest be honest-> it takes a shit ton of money to do what they did, even with profit taking stops. And yes, they are making money now but I'm wondering if that's all it was about.

>>9094263
Not OP, but my guess are miners cooperating with whales, traders, marketeers, trying to stay profitable.

>>9094238

Sure - Here's another major concept of mine - "contrarian thinking".

Remember 2 weeks ago when the market sentiment was as low as ever?

All "trading view" platforms were aiming towards 4-5k, every one was scared. Well, in that case, think the opposite - when people are afraid to invest and nothing but bad news is coming out, go ahead and invest 33-75% of your portfolio. Once a green "dildo" confirms your position, I typically go all in.

Do the opposite of these idiots. When they ("they" meaning investors) delude themselves into thinking that it's only going to go up and up and up, sell.

>>9094288
Thank you. I think it's possible that they participated to some extent.
But April11 candle happened too fast for that.
Also did you have a look at the volume of BTC on that day? It was absolutely astonishing and completely uncalled for and happened in around 1h...and was gone.
I do have my theories but I'm no expert so that's why I'm trying to pick smart people's minds on the subject.

>>9094263

"shorts" were at an all time high.

It's a lot more impactful to liquidate shorts (at an all time high, mind you) than it is to liquidate longs, especially in the bear market we were in.

It only takes about $10 million.

>>9093496
>I never lose
lol aw

>>9094308
I love this one. This exact thing happened to me actually. I was looking to invest some more money into BTC but I kept telling myself to wait a little longer because it will go lower since all I heard was bad news.

>>9094373
>volume
Shorts getting liquidated. Finex had 40k short contracts that day. The interesting point wasn't the dildo up imho, more the little bait dildo down a few hours prior.

Also over 200 MA or do you expect it to bounce off. My guess is currently double top. Weekly StochRSI has room for some upside, but might be a trap.

>>9093181
Lurking, thanks for all of this advice. I will jot it down and research more later. I put in my first poor man's 1k last week and it's been quite stressful.
An obvious lack of knowledge has been the main crux, so I'm trying to scoop up any that I can. Your point about the RSI was very interesting, and when I looked over some recent charts, I saw the trend.

A question for you if you are still available is with the little investment power that I have, should I just be trying to go all in on an alt-coin in hopes of mooning, or should I be diversifying? Currently everything I have is in an alt that is doing fine, but I'm wondering if I can be doing better.

>>9094388
Yes I agree with shorts and not only on April 11th and I understand that April 11th would be a big chunk of what they had to spend, but that wasn't the only day and the volume was higher than in March.
I'm not trying to argue with you of course, I understand that you are saying that, although manipulation had taken place it wasn't as big as I'm implying( do I understand that correctly?)
My theory is that it was/is done on purpose and that purpose was not just to make money. It looks to me like it's a kind of a scare tactic. They forced an entire market cycle and in April they properly started with alts.

>>9094430
Agreed on dildos lol
What I'm trying to say is that this shit was going on from March, with March being a trail run.
I'm most likely wrong on that and it may be a tin hat theory but that's why I'm asking people smarter than me if it comes to this market.
I don't know TA as well as most and I know that this market has been manipulated forever. Something about March and April feels different though.

>>9094551
how's this conspiracy theory shit help you profit in the future? it's a pointless rabbit hole

>>9094551
>something changed
Deeper pockets trying to protect their investment. This is not the nerd market from 2011, nor the drug and money laundring market from 2012 featuring Mark. Those who steal average Joes hard earned dollar in Forex and precious metal have dragged their claws deep into crypto. Leos platform was a game changer.

>>9094308
Is it too late to sell now?

>>9094692
Never too late to take profits

>>9094491

It was to make money..Typically they attempt to make 30% profit, so take the lowest value and multiply it by 30%, then add. This is your next target, Subtract 8% to be safe.

6000 * .30 = 1800.

1800 + 6000 = 7800. Sell.

>>9094442

I never diversified. I went all in, but only on my high risk account which has 5k usd.

When the daily RSI is under 35 for a major coin (Etherium, Bitcoin, Litecoin), you can make easy money. When it comes to alts, your gambling, but a semi-safe bet is OMG. That's all I really know. Never buy at all time high, always buy all time low. Patience is truly a virtue in this market. And remember, 5% is amazing in the equities market, take your wins, always, even $50.

>>9093181
>bots

Yep. My shiny, new profittrailer v2 update I'd just been configuring suddenly Tethered up (pt magic plugin) and I realised it'd sold everything in profit and not entered any new positions for a while. Thought I'd made a mistake (we'd been bull all day, I'd expected the correction a bit closer to 10k). Nope. Fuck I Iove bots, if I personally trade I can still beat it on specific pairs, but monitoring the entire market and automatically saving my ass like that is gamechanging. Nobody can watch charts 24/7. On a good day it's 2 - 3% income, and on the days it's 0 it stopped me losing. Anyone trading and not using a bot to assist is a brainlet in 2018.

>>9094713

This x 1000.

Remember, Africans make less than $30 a month. Take all profits and compound them. I know we're not Africans, but still. Perspective.

IM SICK OF THIS BUY SELL SHIT IM JUST GONNA FUCKING HOLD MY LINKIES UNTIL I DIE FUCK YOU

>>9094810

I've been watching charts for 32 hours, AMA.

FYI, it's helped me. A lot.

>>9094840

If you honestly hold Chainlink, and you hold more than 5k, I actually feel bad for you, man. Sorry this website has corrupted you to the point where you blindly invest your hard-earned savings.

I hope the best for you, truly.

>>9094794

Yep. RSI is fantastic in crypto. I'm using EMASPREAD with it (5 min candles, I like short scalps) and an SMASPREAD (24, 3) on the 1 hour to detect overall trend (eg....like a correction in progress, so stop buying!)

There's better strats if I'm going manual, but for automation it's damn solid. I've set my main RSI sell at 75 though......avoided a couple of bear traps and trailed up a bit more than 70. BCC and EOS (and OMG like you said) have been great moneymakers - love those artificial pumps kek.

>>9094719
Sorry for showing even a small speck of doubt, but could you show any proof you're not larping? Anything,like a screenshot or something. Thanks again mang, sorry if you feel offended or something

>>9093809
Lol you were in a pajeet country and were shocked that they offered to let you have sex with their children when your giving them money?

You are stupid. Not for being shocked that you were offered sex with their kids but because you went to india in the first place.

You "make it" and then go to a 3rd world shithole? Just to give them money?

Indians are normalized to living like animals. Inflation is destroying America... why don't you give free money away to American slaving away in restaurants as waiters and bartenders? You know... help your actual fellow Americans not some fucking injuns.

anon i'm impressed by your enthusiasm. really a good read and some fresh talk. thank you.

well im europoor, share what I have and lost just my gf, flat and job. sleeping in a doorms right now in the worst street in my town. bottom is not 6k. bottom is my shattered soul ffs. but I keep going, time is too precious to regret. ((im fucking destroyed dude)) just found this thread and cheer your addidute!

if your in mind to share today, I really appreciate. not more than for two weeks of living is needed.. anyway hope youll learn more on your travels. enjoy life anon and keep the mind.

1799X45iM7fYZYyozKZHw9W9tJxGpNMa7n

>>9094869
So since you predicted other coins wht's your coin prediction for the future?

>>9093181
You sound like a new trader who has got a few calls right and thinks he is really clever. You remind of the cocky new traders at my work who think they are gifted and think they can make it as a trader, yet subsequently blow up their accounts. The market will humble you.

t. prop trader for 5 years, not some faggot who touts TA as law and trades off a laptop

>>9094869
lol. kys. you make money from trading. its a zero sum game anon, you are nothing special.

>>9094844

Have you seen the spiders yet? Or the shadow people? I'll start getting them around 36 to 48.

Kek, seriously anon...take a break. I did similar shit back when I started trading, you need your brain working properly.

>>9094869
You are stupid too. Inflation is ravaging America.

You can't make it otherwise. You have to have hope.

When chainlink moons I'm putting it all into gold and silver because that is the only way to TRULY make it.

The dollar is finished. You are all going to be eating silent green if you don't ha e gold

>>9094947
Hey pussy what do you use for orderflow.

Another thought on why this is different than march; quantitative sentiment analysis. It is quite easy to harvest massive amounts of data from twitter, comment sections, reddit, imageboards and so on. In march, even with some nice green dildos, sentiment was bad, which also correlates with more people willing to short. The April dildo not just destroyed a lot of shorters but the "double bottom" narrative was well preceived, which some might have seen as an opportunity to risk some capital to play the bull game and bait people into buying, even with btc having a production value around 4k. We will see how this plays out, but 11000 or more, I doubt this before 2019

>>9094308
By that logic it’s time to buy right now

>>9094923

Telling me I'm stupid for giving money to people who deserved it.

Nice sweeping generalization. Great troll, 5/10 - made me pee in my toilet.

And to respond to you, I always give 50% tip while in in the US. You act as if my India trip was my only act of kindness, why not ask me? But hey, I remember being 17, all good.

Maybe you should re-evaluate yourself before trying to bring me down - I've given away more than you'll ever earn in your lifetime. Good luck in life, dude. I hope one day you can help people.

>>9094977
I don't day trade cryptos. I can make better and consistent money trading futures. I hold some cryptos and just keep accumulating though, but not actively trade them. For day trading I use a platform called TT so use DOM ladders and time and sales.

>>9093181
Why is everyone so scared of a down market? Just accumulate more tf?

>>9094951

Never said I was special, just trying to help those who helped me. I hope that one day you make enough to help people. Good luck anon.

>>9094947

Nice larp. "The market" isn't a mystical thing, it's just a bunch of traders swapping shitcoins according to predictable motivations. Thus, patterns exist (and simple ones!) and can be traded. This isn't 1987 fucker - we've all got computers now to provide us with analytics. Been trading for a few years now, no luck involved. And OP is right, bots are awesome. 0 emotion, just cold analysis to implement a low risk mean-reversion strat (or whatever else floats your boat) and protect trading capital. If your "work" has cocky human traders making the calls, you're just some shit-tier hedge manager or something.

>>9094962

Errm, I follow all markets. Equities went down today and so did precious metals. If you knew that, you wouldnt't have said anything.

This means money is leaving the market. I know the USD is going down, but you seem to think I'm stupid enough to think otherwise. You're shoving an opinion in my moth. You seem like a fun, logical person. Project harder. Maybe ask me a question instead of being...irrational as fuck.

>>9094810
I tried using profit trailer with various settings and it just lost me money, though to be fair it was during the bear market..

What triggers are you using?

>>9094992

Yeah, this too. I've got my own Python scripts to do it - I tweak my bot based on sentiment analysis, filter which coins might get a pump etc. Definitely helps.

>>9095052

He's literally a nobody. This is why I never responded. When you cell things right for 8 years and go from nothing to "something", you know you're doing something right.

crypto-currencies are just the most profitable market for me right now.

>>9095110
Where do you see us heading in the coming weeks?

>>9095076
Do you have a Twitter or discord or something you.can share insight on ?

I feel like you have alot of knowledge to bestow, and like others here I want to trade my way out of a shitty life

>>9095018

Tell me more I want to learn but youre still a pussy.

>>9095052
Kek, you don't even know what a prop firm or prop trader is. Obviously we run algorithms but also do point and click trading as well. Just from reading that drivel I can tell you are some retail trading fag that runs some shit-tier algo off some shit-tier indicator like muhhh MACD muhh RSI on your shit-tier laptop.

>>9095110
Doooood, pls respond >>9094922 pretty pls!!
This is a great opportunity!! Also, why are you so willing to help people? What motivates you? Do you just feel like that?

>>9095135

Completely depends on the market makers. Right now I see it going down. If I'm wrong and miss out on 1-9% (mitigate risk) that's fine with me, I mitigated risk. 2 weeks is impossible to call for me (along with most) right now. My moving averages are on the verge or crossing each-other, and until they do, we're still in a bear market.

4/25 - 4-28? Possibly 8400-8700. Next support level. The candles today were not supportive for another increase, if it does increase, than so be it - high risk, little reward

>>9095158
How do I get a career like yours senpai?

do you think 2018 is the year of adoption? people dont need to understand tech to use it. or first regulation and then full adoption 2019? mainstream is keen for tech its the 2020's future inc?

>>9095187

I was born poor, very poor in the US. I feel the need to help people because my whole life I was unable to buy things or live the life I wanted too. That's all I will say. I'm a humble person (contradiction, I know) but I feed those who need to be fed.

I'm not offended, I just feel no need to show anything to anyone. Take it or leave it, this is the internet, if you think I'm wasting my time being a sociopath lying to every, then that's your opinion. It's sa'll good brother.

>>9094947
This, if using some simple RSI shit was as easy as you claim you would be a trillionaire

>>9094921

Be careful of 5 min candles. Maybe you're a pro...but I can't seem to trade small time-frames effectively. Kudos to you if you can, you're a genius...srsly.

>>9095078

You mean my sell only trigger? 10% drop. I mainly have that on for the notification though.

Nah the new settings I'm into are RSI (buy 35, sell 75) and EMASPREAD (-0.69) on the 5 mins (ie 300 in your indicators). Gain at 1.5%, trailing 2, and a fixed Sell at 8% (sell those pumps before the dump!). DCA is complex, but basically steps down, minimum rebuy of 1 hour. Similar buy and sell strat to the Pair file, but Gain at 0.7 and RSI at 70 (clear bags faster!!).

The big thing I do that I think lots of people don't is I also run SMASPREAD at +0.1 as a buy indicator (slow at 24, fast at 3) but on the 1 hr candles (3600). Checking the daily trend at the higher timescale is great - my favorite part of profittrailer v2. So it'll just stop buying of the markets suddenly gone bearish, even after a big pump. DCA uses the same....wait for the markets to turn again before the first DCA buy.

That's my bull & current sideways strat, early days yet, no doubt I'll tweak more. V2 is MUCH better. My bear trend strat just trades Tether and Btc instead, and trades using the same indicators (so it'll catch little Btc retraces and rallies, but mostly wait it out since no shorting on Binance yet sadly). I'd rather make 0 profit for a day than take a loss - all about that capital protection anon. During the little bullrun this was making about 2% sats per day (I like low risk, consistent gains), even with me fucking around with settings and forgetting to set up pm2 properly kek.

>>9095080
Be careful with that metric and never take it alone. As easy as it is to mine the data, as easy is it for some well trained shitposters with bot assistant to fuck the data up. Ask Hillary :^)

>>9094947

Eh, attack me all you'd like, I don't think you've traded as long as I have, but I wont argue with you. You're some 20'something who's first intro to trading was crypto.

I never said TA is law, way to project. Good luck in life, you seem like a fun guy.

Good luck with that in life.

>>9095270

Considering I went from less than 10,000 to where I am now, yeah, you can say that RSI is effective. I never said that RSI is effective alone - that's foolish.. Again, way to project and not be able to read. Good luck though, I hope you can support yourself.

>>9093181
>SNP5000
Welp, back to the catalog.

>>9095299

Yeah it's funny - everyone seems stronger at some scale or the other. A personality thing I guess. My bot strat likes 5 min, my manual trading (using a few more indicators) is better at 15. Maybe because I like using MA based strats and don't trust candle patterns as much, I'm less good at higher scales like the daily. My manual trading is with futures on Bitmex though, still not sure I'm ready to trust a bot to short for me or use margin.....if I screw the settings up that could be BAD.....

>>9095306

Yep! And honestly, checking the correlation coefficient it's more or less contrarian as well, and that varies according to the source. /biz/ is hilarious though - scrape it and run analysis against daily charts. Oh look almost perfect inverse correlation! Literally do the opposite of /biz/ kek

>>9095222
Just apply at a prop firm. There is typically a very high attrition rate within the first year. The screening process is usually fairly extensive, they will be looking for certain personality traits for clcik trading, or if you pursue algo route will look towards coding ability etc.

>>9094957

I haven't.

Also, best advice all thread. Sadly I've been doing this for years, I figure take a toll on my body/mind now and live life greater later.

I work out everyday also and make sure to exclusively drink water, so I make sure my brain/body are healthy. Also...blueberries and raw walnuts are brain-food, same with 70% dark choc. Besides the point, but man, this is my morning fuel.

>>9095262
If it's all good, it's all good then. I believe people like you exist because me and my girlfriend ARE just like that. Born poor as fuck, worked our asses off and helped friends with their own projects.
I really wanna make it so I can live a comfortable life with her (she really deserves it).
I've been thinking for a while about setting up a trading bot, what's your opinion on that? Do you trade manually only using RSI and analyzing the general sentiment of the market?

I really, really wanna make it. I want to learn more.

>>9094599
It does help me because read
>>9094672
That means market is changing which means I need to readjust my strategy.
I'm not using bots, I'm not a super experienced trader, if I want to figure out how to make money in this market I need to know if the real the big players are in. If they are in and I think that green dildos may be a fuck you signal (not intentional maybe) then I need to readjust. Can't beat them with TA but can play their game.
>>9094719
Thank you. That was about my estimate if that was for a simple profit.

>>9095443
I and m*

>>9095366

If you realized they followed each other for 4 weeks, maybe you'd take it seriously. Back to catalog for you, aka being poor.

I joke, I hope you make a 10x this year, anon.

>>9095336
Kek I thought you weren't going to talk to me because "I'm literally a nobody". I've been trading bond futures for 5 years with a prop firm, after previously doing retail trading for a few years. All of the large traders at my work are very humble and don't think they have some gift. I just feel sorry for the people who are lapping this shit up and believe the garbage you're saying. You sound like one of the typical "trading gurus" although anyone with a brain would realise that if you have an edge in a market you don't give it away. I just think you're full of shit and your preachy "I'm just trying to give back" attitude is nauseating.

>>9095366
Kek what a fucking retard

>>9095443

That's great to hear, my fiance and I are exactly the same. She works corporate and makes...a lot of money, I'm excited to tell her one day to quit - this keep me going anon, I still work part time on weekends just to make en extra $1000 every weekend.

I'm a manual trader, I used bots in the past, but I realized people are a lot smarter and it's not my strong suiit. Someone working for the exchange for instance will know where the majority of stop-losses are, there's so much into this.

It's not a fair market, and I only invest when I am willing to sit down and trade. I'm excellent at calling bottoms, I play only on my strengths, so when the market goes bear, I trade - I only trade 2-3 times a year, and this becomes a salary for me. Some call me dumb, I call it smart, because I'm in complete control - your bot will not account for every metric unless you're actually a genius. I am not a genius, but I understand good value when I see it.

>>9095400
>almost perfect inverse correlation
buy high sell low, that's /biz/, and expected
>varies according to the source
be wary, when /biz/ is slow, it tends to leak
>>9095451
Leos call was that he is gone tame crypto, means aiming for less volatility, so your strategy with treating crypto like an equity is probably already a save bet. also consider keeping always an eye or two on short and long ratios. The new players come from traditional markets and probably try to win with their traditional strategies - and if you are willing to go into conspiracy, with a bunch of ancient libertarian and cypher punk anti state and dollar whales in the game, the goal is probably not to pump it to a million, but keep miners profitable so the network is secured, or the darker prediction, send bitcoin into the spiral of dead and present the public a well regulated registered alternative

>>9095534

Good for you brother. Keep projecting, even though I haven't said single negative thing to anyone unless they did.

You sound like a bitter person man. If you knew me in real life, maybe you wouldn't type so hard on your keyboard. I hope you find happiness.

All I'm trying to do it help people understand when to sell. When it's obvious (in every aspect) - it's smart to sell. Call me what-ever, but I highly doubt you've ever done ANYTHING good for anyone but yourself.

>>9095406
>personality traits
I guess I'll never make it. Good thing I'm majoring in computer science. Do you have a degree?

>>9093181
You listen here......
I AM NOT FUCKING SELLING FUCK YOU FUCK THE IRS FUCK THE FEDERAL RESERVE I WILL NEVER ABANDON THIS SHIP AAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHH

>>9095648

there's a way around this...but...maybe for another thread.

>>9095611
Yeh shit-tier econ degree. Hasn't helped me that much

wow man, I really appreciate this thread and all your insight! so you would recommend using the RSI indicator for all occasions?

>>9093181
on another note
What RSI you use? The standard 14 candles, or rather higher or lower, or does it depend on the time frame?

>>9095610
I donate blood every 3 months, and I help people who want and deserve help, but I don't do it in the wanky, virtue signalling way you do it. Anyway anon you don't seem that bad outside of being a self righteous wanker. I hope your success continues, although I think the market will humble you one day.

>>9095666
I WILL NOT SELL BEGONE FROM HERE

>>9095573
Thank you.
I do see lower volatility short term as well.
I think that the first thing that will go will be the margin trading aka the dark tin hat theory lol
Anyway, I'm not going to bother you with my tin hat. Thx for the replies.

>>9095571
You're a great and big guy (for you), thanks. Maybe if I were an expert at programming I could set an AI trading bot...

>>9095573
wow, that's also good advice
>the goal is probably not to pump it to a million, but keep miners profitable so the network is secured, or the darker prediction, send bitcoin into the spiral of dead and present the public a well regulated registered alternative

everytime I see someone saying "Good, now Soros is in the game, we pumpin' to a 1.000.000!!!" I think of that.

>>9095760

Likewise anon, I hope you can be work-free (if you're not already)

We all have our ways, any way to give is positive, but don't try and bring someone down because of it.

Also, we're not so different - they actually pay me for my blood type, naturally I do it. That, and a free lunch - I can't complain! I also suggest giving sperm if you would like some additional free capital. Being Australian and blonde, I actually have children from other people. It's a weird feeling, and I signed a document saying that they can contact me anytime - they're too young right now.

My life is devoted to helping others, I feel nothing for my personal gains - it's all about what I can give. I paid my parents house off, my fiances students debt, and the countless random encounters. Life is too short...

>>9095881
>I signed a document saying that they can contact me anytime

That can't possibly have been worth the money they gave you

>>9095837
>the first thing that will go will be the margin trading aka the dark tin hat theory
If you think margins will go, I really wonder how legit you are, or if you are mostly somebody who got lucky. US citizens might even get locked out from finex, as they already got locked out from the mexican, but margin trading and options are essential to tame crypto
>>9095849
If you believed Gregory is trading cryptos and is buying you got it all wrong. Fisher, his guy for the money burning is now allowed to trade crypto companies, which most likely means financing specific crypto currency start ups and companies in the crypto space which help him furthering his agenda. He doesn't like bitcoin, and no this is no 4D under water Polo but the fact that bitcoin is and was a vehicle for his enemies to hide funds and finance those opposing his agenda

>>9095943

It wasn't about the money, but it was a bonus. I'm very personable in real-life, I'b be more than happy to see my children (not mine) but you know, if they ever felt the need to contact me, I would NEVER bar them from doing so.

>>9095953
This is what I think about margin trading: regular people on Bitmex (and elsewhere) are risking their own money on leverage trading. It's true that it's done for a reason but th3 big boys think that the leverage trading (And ICO's investing etc) should be done by professionals only aka big money.
US residents already can't purchase ICO's but it's hard to keep them from margin trading. So how about scaring them away from it.
I actually don't margin trade, not do I care for it too much, but I like the fact that regular Joe has this option.
I'm not saying that margins are going to get outlawed, all I'm saying is that if the markets are going to be going towards the regulation and normalization, like I think, the first thing to look at would be people being scared to margin trade because of huge green/red dildos coming out of nowhere.
And I never claimed to be some big trader lol, quite the opposite. I'm an average Joe who learned a few tricks.

>>9095687
This feel. At least it's helping me in sales.

>>9096136
Believe me, exchanges don't lose money with margin traders, else they wouldn't do it and I bet similar with the forex market, some big fish with established forex platforms would love to fuck average Joe on margins with crypto. The relevant point is the unregulated nature and the ability of well versed traders to get around taxes with foreign exchanges and unregulated coins. Uncle Sam doesn't like that and would like to get a piece of the cake, probably gone push the regulations in international bodies and as said above, do the same to crypto what they already did to precious metals and forex - make it a slave to the US dollar

Good thread

>>9095975
thanks for all the insight so far. I'm new at trading so I really appreciate it. Can you suggest any resources for new people like me to learn more about trading?

>>9093181
>RSI
kek, and I thought you were serious. dumb FUCK

You deny link your blessings because ...? (hoping for a technical/logical answer)
Any other readings you recommend? currently reading man state and economy. Thanks for your advice and words of wisdom. May peace be with us all.

>>9097211
because he's a trader and not a technologist. still an interesting thread

>>9097310
Valid point.

>>9093181
Thank you anon, one of the few good info threads i've saved this week