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/biz/ - Business & Finance

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15169770 No.15169770 [Reply] [Original]

I averaged 1.52 % on 70 trades in paper daytrading. that is 106% in 3 month. Should i go live now? What do you suggest /biz/?

>> No.15169778

>>15169770
does that include fees

>> No.15169818

>>15169778
No. With fees its around 1% a day.

>> No.15169832

Paper trading is a meme. You act differently when dealing with real money.

>> No.15169858

>>15169818
pretty tight spread one slip could lose months of gains. thats just my opinion

>> No.15169859

>>15169832
Not if I only take very small portions i think.

>> No.15169867

>>15169858
ty

>> No.15169901

>>15169770
Try work out what it is you are doing with numbers, turn that into a formula, then use a trading bot configured with that formula.

>> No.15169934

>>15169901
kek. Can’t do that. How do you write a bot? I can barely install a program.

>> No.15169982

>>15169770
the problem is bots arent seeing your "paper trades" lmfao go ahead buddy try it out see what happens

>> No.15169995

>>15169770
BRAAAAAP

>> No.15170038

>>15169818
and 50+ percent tax on that profitbringing you down to 0.3 - 0.4% with very high risk to your investment capital. or you could not be a dumbfuck and just buy and hold a good project.

>> No.15170061

>>15170038
this, if you just held link for one and a half years you would be up 10x+ while doing other things in life

>> No.15170213

>>15170061
Is link gonna bounce back up?

>> No.15170227
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15170227

>>15169770
The hardest challenge in trading is to master your own mind. Paper trading means almost nothing because all the important factors that lead to losses and wrong decisions aren't there.
The fact that you paper traded for 3 months means that you take it serious enough and want to approach it logically, go ahead and try it with actual money but use a small amount to start with.
You'll see that it's much harder to reach the same numbers as with paper trading, especially the bigger your stack gets. With paper trading you don't have the issue of liquidty which will move your entry higher and your exit lower than on paper - thus lowering your average.
Fees are only 0.1% so don't worry too much about them, if they impact your gains a lot you suck at trading.

tl;dr: do it with a small amount and get a feel for it, if it works over a long timeframe add more to your stack. Stay away from leverage.

>> No.15170480

>>15169770
When you get on the exchange your positions themselves will cause slippage. Will it be enough slippage where you lose money? Only one way to tell.
>t.professional bot operator

>> No.15170514

>>15170227
ty alot! What do you think of lightspeed trader is there a better broker out there?

>> No.15170549

If it's spottrading maybe
If it's margin on Bitmax you have so much dlippage and fees

>> No.15170748

>>15169934
The stuff to make them is free and open source. Its actually easy.
Telegram me: @L00015

>> No.15170771
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15170771

>>15169770

>> No.15170791
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15170791

>>15169770
>he thinks profitable paper trading strat = profitable live strat
>>15169832
>You act differently when dealing with real money.
not you, but the market. the market reacts to your order.

>> No.15170890

>>15170791
The Bogs are watching your every move

>> No.15171128

You will lose all your money.

If you want to profit from crypto, go in BIG to new, promising, hyped low-cap coins and ride them up.

Use all your savings, take out loans, etc, to maximise leverage.

Day trading is a joke and you will fail.

>> No.15171359

>>15170791
>market reacts to every order

This. They arent going to let you get ahead for long