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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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13198143 No.13198143 [Reply] [Original]

Best books to understand short-medium term swing trading crypto t̶r̶a̶s̶h̶
GO

>> No.13198171

>>13198143
>brown hair
>fake blue eye contacts
not gonna make it

>> No.13198190

>>13198143
those man hands

>> No.13198266

Google it is then

>> No.13198423

>>13198143
she's looking right at me. makes me uncomfortable

>> No.13198484

>>13198423
It should, her black boyfriend won't like it

>> No.13198528

>>13198143
You don't need books.

Look at where the resistance meme lines, ma's and that kind of bullshit where people will place orders is the book """knowledge""". To know how you'll trade against them look for trading forums or something to learn their strategies. You already know they're losing money by default, that's why they're sharing them.
These are the people you're getting your money from.

If it's trading above the lines they draw it probably it probably pumped so you short, and vice versa if it dumped. The art is not using stop losses and maximizing where to sell and buy since you're safe otherwise if you stick to doing the meme lines.

The problem is doing this in shorter timeframes is error prone, and in longer timeframes it's easy but you can't test if you're doing it right and it's not easy to trade with a small account. But if you can perfect it I believe you can make easy money, it's just very autistic

>> No.13198573

>>13198528
For example, look at the recent pump. There's a resistance at around $4.3k so there were a lot of short stop losses there. Look at the resistance as $6k, the exact same thing.
If you add all the memelines together like diagonal ones and shit like that you pretty much get the bitcoin chart but it's error prone, that's why longer tf is better because the lines are obvious. I wish I knew how to do this on margin with shorter tfs

>> No.13198713
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13198713

>>13198528
>>13198573
I appretiate it man, lucky trading

>> No.13198973

>>13198573
true. Most important lesson that I learned from /biz/ is doing opposite what /biz/ tells you

>> No.13199361

javascript:quote('13198528');

So anon your suggestion is that you play the game agaisnt the general notion, correct?

Althought, that is exactly how i played it this time (the pump from 4000- 4800),it doesnt happen all the times.

>> No.13200121

>>13198266
>>13198143
>books about crypto
lmao
You could probably learn and apply similar stuff from "day trading guru" books, but most of that shit is "self-help" scam shit where at the end of the book they try to sell you a bullshit 2-month course.

>> No.13200249

>>13198143
Buy a bootleg copy of Philakone's Udemy course.I more than broke even on my BTC trades in 2018 because of him. It's the smartest $20 I ever spent.

>> No.13200918

The only thing that matter is price and volume, and some meme line about support and resistence. Put in also the psicology of the market in a given moment, and don't forget to do not be greedy when you win and do not be in fear when you lose. Also never go all in and put in the market what you are confortable to lose