/biz/ - Business & Finance

[Anonymous No.12100925]

I dont know how to trade. I just sit and wait for perfect setup and it never comes.

How do people trade?

[Anonymous No.12100941]

>>12100925
just fomo into everything thats beeing going down

[Anonymous No.12100947]

i built my own AI bot, confy 76% winrate.

meaby i will realease some day so it can trade your apis.

[Anonymous No.12100961]

>>12100941
>>12100947

ok so beside fomoing in or useing a bot, is there some other strategy one can use?

[Anonymous No.12100969]

>>12100961
play the daily spread

[Anonymous No.12100986]

>>12100925
How do I racemix with her?

[Anonymous No.12100993]

>>12100961
if there was a good strategy people would implement it and then it wouldn't work anymore

[Anonymous No.12100996]

Trading is easy as long as you don't get greedy. All these faggots using their fucking meme patterns on high time frames are simply addicted to gaming.
Swing on a low time frame and identify support and resistances from 1 hour back to 1 week and then buy support and sell near resistance. It's not sexy but you get solid 6 - 10% gains.

[Anonymous No.12101003]

>>12100961
search patterns in the past, for explample, goto 1h chart at 7 april

now goto 1h chart today

???

profit.

[Anonymous No.12101004]

buy low, sell high.
try to only buy on an uptrend. sell whenever anything you hold goes vertical.

[Anonymous No.12101029]

>>12100986

This desu.

Need step by step tutorial.

[Anonymous No.12101033]

>>12101004
this

[Anonymous No.12101055]

I like any indicator that is based on psycology. Trend lines and volume. What other indicators are good for reading off market psycology?

[Anonymous No.12101082]

>>12100925
> 1) Pick a setup.
Breakout above 200 day moving average, or a fall to 200 day support, or 60 day, or triangle convergence, or whatever. Pick a setup. (listen to Chat With Traders podcast on youtube for ideas)
> 2) Limit per-trade risk to <2% of your bankroll
Breakout above 200 day, for example? Okay, we'll enter there and set our stop at 2 ATRs below entry. Scale our position size so that if we drop to that 2ATR line and get "stopped out" we'll only lose 2% or less of our total bankroll.
> 3) repeat.

Pick your battles, manage your risk. That's all it is. The rest is finding what timescales and setups work best for your personal needs.

Me? I like intraday momentum setups . I can jump in with a small risk, make a quick few hundred bucks and jump out before the next 5 minute bar has published. Roughly 15 trades a day. 5 eat that risk-dick, 5 are okay enough to wash-out those losses plus a little extra, and 5 make 80% of the profits.

That's what real deal big-boy trading looks like. Pick your battles, manage your risks.

[Anonymous No.12101123]

>>12101082
If I could just jump in and out, that would be great. 0.2% fees on taker orders and 0.1% on maker orders. Either way, just to get them fees back, you need to make it a bit. Then when you put in a big sum, it accualy moves whole market a bit. So now people are fucking you because bar went down/up from wherever you bought.

[Anonymous No.12101138]

>>12100947
>i built my own AI bot, confy 76% winrate.

fuck off glacier you schizo

[Anonymous No.12101160]

>>12101123

What and where are you trading with such fees? I trade stocks on Interactive Brokers and pay crazy-low fees. I trade futures on CryptoFacilities and pay fees so small I literally don't even care about them.

[Anonymous No.12101205]

>>12101003
i am also an algobro. give me some sexy hints as to what you're doing. what and where are you trading?

[Anonymous No.12101286]

>>12101160
bitfinex
better then binance since I can long/short
3.3x if I want margin
feel bitmex is way too market manipulative since they puill prices off low volume exchange like polinex

[Anonymous No.12101402]

>>12101286
You should look into higher leverages, here's why I love 50x leverage:

If I have a setup for a trade that would be clearly proven wrong by a 2% move against my line in the sand, I can go "all-in" on that opportunity with only 2% of my bankroll @ 50x leverage. If the price moves 2% against me, my position is wiped out and I lose that 2%. Do you see what I'm saying here? If I was making that move with raw coins, I'd be limiting my risk to the same exact amount... but with high leverage I can make that same move with ONLY the amount I was going to risk. 98% of my bankroll is still free to make similar plays on other opportunities while that plays out.

This is the kinda thinking that leaps from "I understand indicators" to real trading.

[Anonymous No.12101441]

>>12100947
Let me guess, it makes 100 trades, 76 of them you make $1, 24 of them you lose $4+

[Anonymous No.12102028]

>>12101402
>Do you see what I'm saying here?

no, and 50x leverage is retarded

[Anonymous No.12102165]

>>12102028
What kind of trades do you look for and how much do you risk on a trade?
You must be able to answer these questions, do you see what I'm saying here?
A good trader knows his setup enough to confidently describe the distribution of his next 100 trades.

an old joke: "how do you get to carnegie hall?"

the punch line: Practice.

[Anonymous No.12102399]

>>12100925
>>12101055
Who is this semen demon?

[Anonymous No.12102413]

>>12102399
This is the best ID I've ever had.

[Anonymous No.12102418]

>>12100925
good lord sauce

[Anonymous No.12102424]

>>12100925
somwhere there a nigga fucking this hoe in costume

[Anonymous No.12102433]

>>12100925
he has a penis

[Anonymous No.12102441]

YOU ARE TOO DUMB TO TRADE. THIS IS THE ONLY HONEST ADVICE YOU WILL GET.

[Anonymous No.12102447]

>>12101441
Lets say you can predict where the market is going 19 out of 20 times and win 0.5% each time. If you have one trade that loses 20% or you get margin called...Your whole system is going to zero. It gets even worse if you are trading multiple pairs or run into a bad streak. Its not predictable even if your system or data looks ok...