why aren’t you trading futures?

[Anonymous No.17477013]

Do you hate money?

Iliterally made $500 over the last 24hrs from shorting the market yesterday and longing it before i went to sleep. Mind you this was with a $200 investment. $500 pure profit

[Anonymous No.17477051]

I literally*

[Anonymous No.17477564]

>>17477013
how much leverage sirs

[Anonymous No.17477576]

explain how this works for a pure brainlet

[Anonymous No.17477599]

>>17477013
I'm always afraid of not being able to read the market and end up in debt because I thought something was going to crash and then it went back up, like with Chainlink this last week

[Anonymous No.17477631]

>>17477013
Oh wow, 500 dollars. Congratulations OP, how will you ever spend such a fat stack?

[Anonymous No.17477634]

I wanted to short yesterday.
If i did id be fugged now.
No way im touching leveraged trading.

[Anonymous No.17477648]

>>17477013
What is your trading strategy? I'm down to try but I'm pretty scared when tiny wicks in the wrong direction can liquidate

[Anonymous No.17477659]

>>17477634
shorting does not imply leverage. you can short on 1x leverage

[Anonymous No.17477687]

>>17477564
20x pic related

>>17477576
layman’s terms- betting that the price of a coin is gonna go up (long) or down (short). They give you leverage so you make way more.

>>17477599
if you pay attention you’ll never go down to 0. You might lose 10,50, even over $100 but you will never go to zero if you watch the market closely

[Anonymous No.17477714]

Also youre longing the market?
You think itll keep going up?
The stock market got rekt dude.
If this dumps hard im going to capitulate.

[Anonymous No.17477723]

>>17477631
maybe a boat idk yet

>>17477648
i follow an insider on twitter @bitbillyy
also check whenever btc is gonna go down and short the altcoins that have the closest price movement correlation

[Anonymous No.17477967]

this is my way:
create a portfolio of ta based strategies which apply to multiple (shortable) altcoins depending on market cap.
split your capital on the number of coins, lets say 20 coins. capital divided by number of coins. bet accordingly (short or long based on signals from strategy). dont worry if you get a signal counter to the general market movement as it is supposed to be hedged out because of your other signals. if 2 out of 3 signals are correct you should be making money in the end slowly but surely. dont forget to have a filter which filters out long trades when market is bearish and vice versa. this filter can be as simple as a moving average direction to indicate bear or bull market. 20 small bets is always safer than one huge all-in retard tier bet.

[Anonymous No.17477982]

>>17477967
use tradingview to program strategies. since you are in 2020 you should already have a basic understanding of using a simple programming language like pine script.

[Anonymous No.17477990]

>>17477576
>be lucky.

[Anonymous No.17478121]

>>17477013
>tfw when I went from making 600 profit off shorting link to 700 down because I forgot my phone at home and stayed over at a friends house.
I was planning on closing that position soon as well. Oh well I’ll hold on a little, looks to be a bear trap, don’t need it to move too much downward to make up most of the losses anyway

[Anonymous No.17478136]

>>17478121
Oh shit meant bull trap, but we’ll see I suppose. Guess I’ve been trading crypto long enough not to let 700 get to me too much, seen much worse couple years ago after all

[Anonymous No.17478155]

something I noticed by applying the same strategy with slightly different parameters (read periods) is that the more strategies I add to my strat portfolio the more stable is the income. arriving at 20 strats is the sweet spot where backtests show monthly profit from 0 to 12 percent when averaging out all the returns from all the strategies. if I remove two thirds of those strategies and keep lets say 6 or 7 strats I immediately start to see down months in backtest. protip. take all those backtesting results from tradingview and put the into excel to graph your equity curves from each strat to see how they cancel each other out. assuming you have a win rate of 55 to 70 percent per strategy you should be fine as long as you are in the ballpark of 20 or more strategies. I have yet to try averaging out 40 strategies. until then 20 is fine. if you are too lazy for this, forget about it. what inspired me was reading about long/short equity trading.

https://www.investopedia.com/terms/l/long-shortequity.asp
this applies to crypto too.

[Anonymous No.17478264]

>>17478155
Please spoon feed a brain let, what exactly do you mean by strategy in this context? Differen positions or what? And how do you perform these back tests? Do you have a particular model or is there a platform you use?

[Anonymous No.17478271]

>>17477013
Asians trade against Americans on their own order books. They will liquidate your positions with scam wicks to collect free money and you have no recourse because you are not supposed to be using the platform. Do not fall for this

[Anonymous No.17478282]

>>17477659
>>17477967
>>17477982
>>17478155

ok, last spam before going to bed. use daily or weekly candles. you can compensate the fact that you are on such a long timeframe thus sacrificing the number of trades by screening many coins at once.

[Anonymous No.17478291]

>>17478155
>something I noticed by applying the same strategy with slightly different parameters (read periods) is that the more strategies I add to my strat portfolio the more stable is the income. arriving at 20 strats is the sweet spot where backtests show monthly profit from 0 to 12 percent when averaging out all the returns from all the strategies. if I remove two thirds of those strategies and keep lets say 6 or 7 strats

so you are saying you have 20 different conditions that needs to be considered true before entering a trade?

[Anonymous No.17478294]

>>17477013
Because I'm a burger and I got liqd on mex using a VPN. Lev is gambling

[Anonymous No.17478395]

>>17478282
>ok, last spam before going to bed. use daily or weekly candles. you can compensate the fact that you are on such a long timeframe thus sacrificing the number of trades by screening many coins at once

interesting indeed.

entering only on conservative setups is very good but opportunities aren't that great but yeah if you do that with lots of coins you can get great returns.

I'm still working on my algo on pine script though, just started testing it real time and will see the results soon enough.

Nice topic op. If you feel like connecting with a few more /biz/ traders join my discord group. ID is TcbT8yY. at least 4 of us are developing their own algos and we have a few more traders but we also discuss about shitcoins and shitpost a lot. Hope to see you there, fren!

[Anonymous No.17478408]

>>17478264
tradingview offers a backtesting engine on which you can run technical analysis based strategies. start with something easy like rsi on the weekly candles. you know for a fact that it will not always be right so you accept that fact and bet less but on multiple coins at the same time hoping that the rsi is right enough times that probability will be in your favour.
I have everything from 5 to 20 positions open at the same time without stop loss. they kind of protect each other. you will sacrifice some profits but it will also protect you from losses. I do a backtest on a per-strategy basis on tradingview and then do a meta-backtest in excel to see how they perform as a whole. because one given strategy has up and down months but almost never do they follow the same pattern at the same time since you are neither 100 percent long nor 100 percent short which allows you to sleep well at night.

[Anonymous No.17478464]

>>17478408
Based and saved, thanks op. The only genuinely productive thread I’ve seen on this board in maybe two years, reminds me why I stick around despite all the crap

[Anonymous No.17478545]

>>17478291
no, that would be impossible and you would never end up having a signal since it would be waaaay too picky.

just have a standard strat which is known to work like rsi or obv, or even something else simple. it does not matter as long as it makes sense.

you know for a fact that they work like 55 percent of the time.

next you take that strat and filter out long trades when you are in a bear market and the other way around.

thats it. that makes for 2 conditions that need to be true for a either a long or a short trade.
keep it simple.
then you just multiply that by monitoring multiple coins and set your bet size accordingly assuming shit works more than half of the times. look. if you know that a strategy works only 55 % of the times you would probably not bet your whole stack on it right? if you were running a factory and you had only 2 guys working for you. one of them gets sick or even two. youre fucked.
but lets say you have 30 workers. 5 of them are sick. you still have 25 or even if 10 are sick you still have 20.

[Anonymous No.17478633]

to be honest, I think OP is taking way too much risk. it wont last in the long run.

[Anonymous No.17478662]

>>17478545
>if you know that a strategy works only 55 % of the times you would probably not bet your whole stack on it right?

correct. that's the concept of EV (expected value). it's simply math. >>17478155
>I add to my strat portfolio the more stable is the income. arriving at 20 strats is the sweet spot

so you are telling me you make a small bet in each of the strategies?

[Anonymous No.17478683]

Buy and hold VIX calls. Buy and hold SPY puts. Profit.

[Anonymous No.17478746]

>>17478662
yes small bet in each. sometimes they all together add up to covering my whole balance and sometimes even more (thanks to 1x to 1.5x leverage) . just make sure your strats dont have down days all at the same time. its easier to make sure of that the more strats you monitor.

[Anonymous No.17478843]

to clarify what I mean by small bet. lets say its 10 percent of given total usd stack or even btc stack if you feel extra risky ( i prefer not to though maybe in the future if btc becomes world currency). if I get 10 signals to enter 10 positions that will cover everything. If I get only 3 signals. well thats 30 percent of the stack. if its 15 positions that is 150 percent of stack (1.5x leverage) and so on.

[Anonymous No.17478857]

>>17478746
>yes small bet in each. sometimes they all together add up to covering my whole balance and sometimes even more (thanks to 1x to 1.5x leverage)

I was actually thinking of doing something similar but wasn't too sure. yet, here I found somebody doing it!

Gosh I love this place

[Anonymous No.17478883]

>>17478843
>if its 15 positions that is 150 percent of stack (1.5x leverage) and so on.

yes. if you are a winning trader leverage is a blessing. Me I'm possibly not a winner at those market conditions so I'm not trading, I'm dedicating more time to build my algos and hopefully I will be able to finish it in time before the next bull run where it's very easy to become a winner kek

[Anonymous No.17478979]

>>17478883
well, if youre shorting you can do both. those who knew what they were doing made bank during 2018 bear market. thats where all the dumb money dissappeared.

when you have your algos more or less ready (dont overthink it) and you have a large enough sample size you can start to do z-score analysis by figuring out if your strategies have streaks or not. that is figuring out if winning trades tend to follow other winning trades and losing trades follow losing trades. that is a negative z-score (positive correlation). if you know this you can basically bet more on the next trade if the one that preceded is was a profitable one. as soon as you get a losing trade you lower your position size.
contrary to that is a positive z-score (negative correlation) where you can bet bigger after a losing trade and bet less after a winning trade since you assume that a losing trade comes after a winning one and vice versa.

[Anonymous No.17478988]

but to have any meaningful z-score you need to have a large sample size.

[Anonymous No.17479120]

>>17478979
>when you have your algos more or less ready (dont overthink it) and you have a large enough sample size you can start to do z-score analysis by figuring out if your strategies have streaks or not. that is figuring out if winning trades tend to follow other winning trades and losing trades follow losing trades.

not sure if I understood that correctly. if a trade works 55% of the time (for example), the chance of it working next time will be still 55% whether it worked or not, right? or am I missing something?

[Anonymous No.17479149]

whether it worked on not on the last trade.

just like when you arep laying heads and tails. let's say heads showed up 10x in a row. what is the chance of the next coin hitting heads again? 50%. of are you talking about something entirely different that I missunderstood?

[Anonymous No.17479169]

I've tried but life hates me. I began with $400 and now I have $100 ;( I was trying to use the falling of Wall Street to my favor but i fucked up somehow

[Anonymous No.17479195]

>>17479149
https://www.forextraders.com/forex-education/forex-money-management/using-the-z-score-to-determine-trade-size/

coin flips should in theory give a z-score of around zero.

[Anonymous No.17479230]

would be great if you could explain me that a bit better, op. I dropped the group invite link already, but in case you just don't wanna join the group or whatever I understand. if you wanna get in touch my email is [e-mail] and my discord is agreen#6534. I'm leaving it here because I'm afraid the topic will get locked up and/or deleted by jannies but in case it stays opened I'm more than willing to keep discussing it here

[Anonymous No.17479281]

>>17479230
you are crazy giving out credentials. just read through that forex link. take care and i am not op.

[Anonymous No.17479530]

>>17479230
believe me these other anons know way more than me. I’m simply following someone else’s calls because he’s rarely ever wrong

[Anonymous No.17479700]

>>17479281
>you are crazy giving out credentials

not my real credentials, but thanks for worrying :)

>>17479530
>believe me these other anons know way more than me. I’m simply following someone else’s calls because he’s rarely ever wrong

ok. just started following this @bitbillyy

[Anonymous No.17479762]

>>17479195
>https://www.forextraders.com/forex-education/forex-money-management/using-the-z-score-to-determine-trade-size/
>coin flips should in theory give a z-score of around zero.

yes, coin flips should give zero. but I didn't think you could find positive correlation on trading. I used to play online poker for a living and some of the guys I knew believed that there was some correlation.

I frequently experienced 10 or 20+ conflips daily and several 60/40, 70/30 and even 80/20. The fact that I won an 80/20 pot didn't make me more or less prone to win the next round. I definitely have had great days where I won 20/20 coinflips and terrible days where I lost 20/20. My point is: I'm extremely skeptical some correlation can be found in trading but ok I will read a bit more. starting with this link

[Anonymous No.17479883]

>>17478155
would you mind sharing which strategies make up your golden 20? I'm having a hard time coming up with even 10 that I already trust

[Anonymous No.17480414]

>>17477990
It's almost like there's risk involved whenever you try to make financial success. If you can't even see that a virus outbreak will cause a market crash then you shouldn't be in crypto in the first place.

[Anonymous No.17480431]

>>17477634
What are you talking about? I've been sorting LINK since he beginning of the dump from 4.80, and still have my short open. How fucking hard is it for you ADHD zoomers to not use stupidly high leverage?

[Anonymous No.17481396]

>>17477013
I want to try longing but want to feel sure we're in an uptrend

[Anonymous No.17481522]

Is going through babipips course and learning pinescript enough to dip my toes into margin trading? Is it worth it going in with lunch money? also good thread guys, I've missed these

[Anonymous No.17481625]

>>17481522
babypips fml

[Anonymous No.17482201]

STOP BEING A DEGENERATE GAMBLER

[Anonymous No.17482236]

>>17482201
This.

START SIMPING TO WOMYNZ
START MUGGING BLONDE HAIRED BLUE EYED NORWEGIANS AT GUNPOINT LIKE A NIGGER AND STEALING THEIR VEHICLES
>He stopped a car in Numedal. Inside it was a family of three, who said that he hijacked the car at gunpoint. About 19 hours later, police stopped the car in Romerike and arrested him.
START COLLECTING WELFARE

[Anonymous No.17482341]

>>17477013
Good thread OP. I made something similar about a week ago that got fuck all replies. Its probably the schizo, but I don't like mentioning current position's and cost basis because I'm pretty sure they data mine here, even though another anon mentioned they trade against the order book/ anyway so you are at a slight disadvantage. Needless to say I started with $2400 on Jan 24th and turned that into 20K as of yesterday. Sadly, I could have made more but I was incredibly cautious. After the first run to 2.85 I bought with 10x levevage at 2.38, which was virtually the bottom at that point. It quickly tripled within about 2 days and then I never took another position higher than about $2500 margin. Sometimes my positons don't even list a liquidation point. The entire month I actually never completely closed my long either. I just sold 10% of my stack at a time on obvious pumps and bought more on retraces. Patience is also key. Always just limp into a position as well. I basically just used a simple version of martingale strategy. On balance volume is probably the best indicator, as it gives the most up to date real time information and is not a lagging indicator like virtually all the rest. VWAP is another. Honestly, I'd love to make a discord because everyone in a small group can still profit and its nice to have multiple eyes/perspectives watching candles. I only trade one ticker and I never short because I'm bullish long term and will get hosed eventually I think going short.

[Anonymous No.17482556]

>>17482341
I should also note that unless you are using 2x or less leverage you should be actively managing your positions. Sure you might be able to get away with just opening a 5x and never touching it once you get enough unrealized gains, but a 10-20% move in crypto can really come out of nowhere

[Anonymous No.17482643]

>>17477687
How do I open a short position

[Anonymous No.17482689]

>$500 off of $200
atleast you're being a degenerate with dust. don't even think about using real money you're gonna lose it all

[Anonymous No.17482792]

>>17479883
He's not saying have 20 strategies. Have ONE stratagy that works 55% of the time or more.

Then use that ONE strategy but apply it to 20 different coins.

[Anonymous No.17482897]

What a coincidence, I started futures two days ago with 100 dollars.
Immediately won 200, then 250 down.
Then good investments and up 700 dollars.
Completely degenerate. I love it.