/biz/ - Business & Finance

[Anonymous No.18944442]

So daytrading is literally just a fucking crapshoot, right?

I feel like every piece of advice I get on how to predict a trend only works until it doesn't. Pic related.

[Anonymous No.18944494]

>>18944442
Anon this scene from wolf of wallstreet isnt a meme
https://www.youtube.com/watch?v=hAQA_29Htts
Its true.

There are literally thousands of variables that go into deciding if a stock will go up or down, and thats just the logical side that doesnt account for investor emotion which is just chaos.

[Anonymous No.18944496]

yes. It's 100% gambling. Now you can make money gambling, but you probably won't. If you do want to gamble you'd be better of playing poker or blackjack. At least with those games there's a set number of cards so you can actually have an idea of what the probabilities are.

TA and the other shit "traders" use is a total illusion. It's no different than astrology. When I watch trading videos on YouTube I find it hard to believe anyone takes that numerology crap seriously. You'd have better results rubbing a rabbits foot before spinning the roulette wheel

[Anonymous No.18944523]

Poker is unironically more profitable given minimal effort

[Anonymous No.18944531]

>>18944442
yes, it is uncertain like craps but you can get better odds and better expected value by convincing yourself to look for opportunities that fulfill a story

[Anonymous No.18944538]

here's a good video debunking "technical" "analysis". None of the traders in the debate could explain how it supposedly works.

https://www.youtube.com/watch?v=OwH8KMlEq88

[Anonymous No.18944546]

>>18944523
Poker is more profitable only if you are playing against better players that you KNOW you are better than.
People that invest in the long run on gigantic companies are definitely way more secure and more likely to be increasing their net worth than the average poker player.

[Anonymous No.18944591]

>>18944546
we're not talking about investing in the long run. we're talking about day trading or short term trading.

investing in giant companies is a gamble too. You don't know when your massive megacorp is going to be disrupted and vanish or lose their relevance. See IBM, etc.

[Anonymous No.18944625]

>>18944494
Good scene. This is also how I always feel about like 99% of cryptocurrencies. So many of these vaporware fucking projects throwing around buzzwords, listing all these partnerships at random with literal whos, spouting a bunch of meme cryptojargon bullshit into the void while people just lap it up thinking "some day" the project will produce the vaporware it's shilling. Their githubs have maybe like 5 devs actually working and their commits are just more retarded bullshit that essentially amount to fuckall over a period of 8 months.

Fugazi. It's a whatsee it's a woozie. Never landed. Pixie dust.

[Anonymous No.18944636]

>>18944442
>pic related
literally how?

[Anonymous No.18944649]

>>18944442
what timeframe are you trading on, how much are you risking per trade, are you hedging with stop losses, are your stop limits reasonable

[Anonymous No.18944662]

>>18944442
You have to keep the good knowledge to yourself to gain a competitive advantage. And you have to figure that out by trial and error. Hint. I can obviously see what’s wrong with your picture but I’m not going to tell you

[Anonymous No.18944682]

>>18944538
If everyone had the secret sauce then that shit wouldn’t be valuable. Why would they give you the secret sauce for free on YouTube. Marinate on that one champ.

[Anonymous No.18944739]

>>18944442
just pick day trades that you like long term too and if it doesn't work out that day, wait

[Anonymous No.18944804]

>>18944682
the point is the TA guys can't even explain the mechanism for how past prices give you information about future prices. lots of jargon but zero explanation

[Anonymous No.18944855]

>>18944442
''confirmation''... confirmation of what? two random candles.. ''muh confirmation''

retard. Mongoloid

[Anonymous No.18944893]

>>18944546
>People that invest in the long run on gigantic companies
they make tiny profits

[Anonymous No.18944939]

OH NO NO NO
MUMU ARE YOU OK
ARE YOU OK MUMU??????

[Anonymous No.18944963]

>>18944804
it's all probability, really, for the good TA guys. they're going based on % chance. They won't say it's guaranteed at all. At best you can make an educated guess

[Anonymous No.18944979]

>>18944963
almost none of the 'ta doesn't work' crowd can understand this lol

[Anonymous No.18945011]

>>18944625
>Good scene
Another mongoloid who gotta cpe with his low talent. Yep obv if you never put yourself at risk you never lose genius. Ths is obvious mongoloid

[Anonymous No.18945018]

>>18944442
We told you earlier: forget about it. You are competing with people that pay extra to move 100 inches closer to the server, run bots and we are talking about 100ths of seconds. You have zero chance to beat the pros in that game.

[Anonymous No.18945043]

>>18945018
That wasn't me but I think it was that thread you are talking about that inspired me to make this one

[Anonymous No.18945064]

>>18945018
>You are competing with people that pay extra to move 100 inches closer to the server, run bots and we are talking about 100ths of seconds. You have zero chance to beat the pros in that game.
you can always go with them instead of going against them. This is how you profit

[Anonymous No.18945089]

Why don't you just do gut based day trading? Find a software that shows live graph coverage with a simple button to move your stack in and out of an asset, and just stare at it for a few days straight clicking in and out till your brain basically machine learns. Don't worry about losses or gains too much, just practice with a grand and work at it over a few days, weeks, till you get the hang. I bet it'd work. They say random trades beat the S&P, well I think since the market is just one big gut, using your own gut's data would help...

[Anonymous No.18945115]

>>18944442
they want u to think it works because they get fees based on your fortune telling

[Anonymous No.18945249]

why does everyone in this thread who's denying that it works sound like a salty loser who doesn't make money
keep on telling yourself that there's no way to improve your shitty trading so you don't have to learn something or admit to yourself you're not good at it

[Anonymous No.18945305]

>>18944538
these dudes are retards though

[Anonymous No.18945307]

>>18945089
Thats what I've been doing since march, don't know shit about anything and I'm up 10%

[Anonymous No.18945309]

>>18945064
No, Anon, the way to make money now is just to quit gambling.

[Anonymous No.18945353]

What a funny thread, hearing all the cope from people who thought their hourly MACD RSI cross over was going to make them rich.

Day trading is pretty easy, people just view things incorrectly.

[Anonymous No.18945366]

>>18944496
Blackjack is shit too. What roi have you made with it?

[Anonymous No.18945375]

>>18944442
Yes, it's degenerate gambling and worse how much its manipulated by whales meaning logic doesn't always work.

[Anonymous No.18945379]

>>18945353
Any advice?

[Anonymous No.18945388]

>>18945379
A better question would be to ask what his roi has been with a given time frame. He's a larper

[Anonymous No.18945389]

To explain: if you own 1 btc, you own it. There is nothing traders can do to you... even if goes low again during the halving( which it probably even won't this this time) *shrug* patience. We are all in for a big time surprise I think. And wonÄt be off an alt coin

[Anonymous No.18945396]

>>18944442
TA is the equivalent of tarots. stop being a retard its a fucking meme to lure in plebs. It's either quants doing the trading or old school medium to long term investing based onn fundamentals. not charts u f tard.

[Anonymous No.18945409]

>>18945307
Since march? Only up 10%? I think you could be doing way better.

[Anonymous No.18945421]

>>18944442
Buy red, sell green with a ton of money

[Anonymous No.18945427]

>>18945307
bro you'd literally be up more if you just bought btc in march and just held it
lmao

[Anonymous No.18945495]

>>18945089
Only thing is you need $25k to day trade. Graduating college this week but I've turned 9.05k from my internship into $10.6k if I liquidated rn in my Roth IRA. I've been selling calls which is nice. I own 100 BUD, 100 DAL, 1000 KOS, 100 MRO, and then like $2k cash. My GF has 14000 in a CD that is yielding 2.5% for 11onths. She gets her cash on June 5th and I've convinced her to buy 100 shares of DIS and sell 1 weekly call every week. Easy $80-$200 a week every week on < $10k investment if you scoop while DIS is sub $100

[Anonymous No.18945527]

>>18945353
>people just view things incorrectly
einlight us then

[Anonymous No.18945530]

>>18944625
Not this time. We made this one up.

[Anonymous No.18945567]

>>18945379
Advice is to look for very specific set ups that have favourable probabilities. Dont try to trade every single move, most of it is chop and you'll be competing against bots who are 1000x better than you.

Learn how institutions trade and try to piggyback on them, then retail traders will eventually piggyback on you.

Although day trading is peak entrepreneurial, its not worth the time. Its far better to develop a bot and have it work for you.

>>18945527
i wont give away everything but your traditional indicators are fucking useless and everyone trades off statistics rather than off probability. Once you develop your own backtesting platform you'll realise that everyone is wrong but they dont know it. .e.g why would you trade an RSI strategy when it has a 30% win rate and a 2:1 R:R (just an example). You simply cant win if thats your strategy.

[Anonymous No.18945593]

>>18945495
My bots are my main source of income, i live off their profits and they only have $1000 maximum to play with.

[Anonymous No.18945605]

>>18945567
>retail investors will eventually piggyback off you
>implying you're not a retail investor

[Anonymous No.18945624]

>>18945605
You can be a retail trader, most of us are, that doesn't mean you have to trade like a retail trader. Apologies for the lack of clarity.

[Anonymous No.18945630]

>>18944442
TA is bullshit anon i promise. I've made 100% on 100x trades (albeit with small amounts of money) by setting the auto sell to 100% and going to sleep during a crab. TA is bullshit and fuck anyone who tells you it isn't. they're trying to sell you a course.

best thing i can tell you is reference the the 6hr chart and look for 3-4 progressively voluminous candles with higher spreads. trade in that direction on the one minute chart. If its green, wait patiently for sever dips, it ifs red, wait for topped out bull runs (as entry points). Everything else. is. bullshit.

[Anonymous No.18945649]

>>18945567
>Advice is to look for very specific set ups that have favourable probabilities.
When you take this line of thinking to its logical conclusion, you begin to realize that the optimal strategy is to make like 4 trades a year. Ergo, the typical TA based day trading is indeed total bullshit.

[Anonymous No.18945675]

>>18945593
>I live off my bots profits
>They only have a maximum of $1000 to okay with

What are your profits? I locked in a $460 gain today selling 200 HAL that I bought for 7.47 2 weeks ago. How much do you make with your bot because I turned ~$1500 into $1959 in 2 weeks with HAL. Also bought 1k KOS at 0.93 a month ago and they're now up $450 or ~48%.

Because it sounds like you're living off of Ramen and MC D's with $1k and some "bots"

[Anonymous No.18945691]

I just started day trading & making a lot of money. I literally just go in & out of all the big movers of the day..

Is the market always like this or is this just a special time?

[Anonymous No.18945701]

>>18945649
I agree on TA being bullshit but you can make several trades a day if the conditions are there. One of my automated strategies makes about 4-5 trades per day, its win rate over the last few weeks has been 80%. It all depends on your style. I dont like swing trading, i like to scalp and go to bed at night knowing im not in a position.

I suppose part of the process is figuring out what works for you.

[Anonymous No.18945706]

>>18945691
You're going to go on a major losing streak at some point and that will be the end of your trading "career".

[Anonymous No.18945752]

>>18945675
One bot scored $700 today, the other bots combined got $372, so just over $1000 today but the conditions were pretty prime, usually its $300-400 per day. it's 3pm where i am, so i still have 9 hours before the day is officially over, i think if im lucky i might be able to squeeze out an extra $200.

I use 125x leverage though. I know this sounds degenerate but it makes sense given my strategy and what im willing to risk.

[Anonymous No.18945767]

>>18944442
You don't predict the market by drawing lines in a graph dipshit. You analyse market sentiment. The most upwards of ur lines can go to shit if something happens to make people lose faith in the product. Analyse that faith, not the fucking patterns. Motherfuckers here never even heard of induction.
>"But last year the slope was like it's this year!!!!"

[Anonymous No.18945769]

>>18945752
Go home reddit

[Anonymous No.18945798]

>>18945706
But there are always greet movers every day... collect & move on.

So you are saying there won’t be big movement like this after COVID? I just started trading in March

[Anonymous No.18945803]

>>18945769

[Anonymous No.18945814]

>>18945752
You made $1000 today letting your bots only play with $1000? Bullshit. Pics or gtfo

[Anonymous No.18945817]

Just listen to the Joe ROgan Podcast Experience (train by day, Joe Rogan podcast all night, all day) and smoke some weed haha, then place shorts on the latest IPO

[Anonymous No.18945821]

>>18945767
How are you suppose to analyze faith in like $0.25 penny stocks that no one talks about?

[Anonymous No.18945850]

>>18945803
seethe harder. What’s it like living in fantasy land and not understanding what you’re talking about?

[Anonymous No.18945854]

>>18944496
you have to be willing to pull out at some point

most people never do.

[Anonymous No.18945878]

>>18945814
BTC had almost an 8% move today.
If i were to use 100x leverage, every 1% move BTC makes i double my money. I use 125x

Its really not that hard to believe that i could x2 in a single day, if anything its not that impressive given the market conditions.

[Anonymous No.18945892]

>>18945798
I'm saying that it is a statistical certainty that sooner or later you will be on the losing end of 5-10 trades in a row, and since you sound like you're winging it, you will get crushed. Feel free to learn that lesson the hard way though.

[Anonymous No.18945898]

>>18945821
You don't. That's why such markets are not investment, but gambling. Might as well roll the die at that point.

[Anonymous No.18945902]

>>18945767
how

[Anonymous No.18945912]

>>18945902
>>18945898

[Anonymous No.18945950]

>>18944442
It's worse than stochastic (random). Every player on the other side is trying to capitalize on all the weaknesses in your psychology to maximize their gains.

[Anonymous No.18945975]

>>18944496
You are a moron and have obviously never spent any time learning to trade. Keep on rationalizing that shit though...

[Anonymous No.18946009]

Hi, sry to interrupt, but none of you are day trading. You get lucky here and there. The people day trading aren't even human. And they do it better than you.

[Anonymous No.18946020]

>>18945011

I just came into this thread to say...
LEARN ENGLISH FAGGOT

[Anonymous No.18946036]

>>18946009
Nowhere will you find a higher concentration of Dunning-Krugers than in a room full of "pro traders". They are all geniuses, until they get fucking rekt of course, and lose EVERYTHING (literally everything, and this happens more than you might think even among the so-called pros).

[Anonymous No.18946048]

Your are on a board where we all act like retards just to keep you retards out, but it no longer works... I have to explain to people why they can not successfully day trade. I think it will work when there are actual reads here only, because then they will get bored and leave

[Anonymous No.18946080]

>>18946036
Yes Anon,I know a few folks who actually manage the hardware that does day trade. But be that as it may, what the fuck are these kids doing here?

[Anonymous No.18946114]

I mean there is 7b/ still I checked

[Anonymous No.18946131]

>>18945089

Because this is literally gambling lmao

Mind could convince itself about literally anything - look at these fucking religions.

The point of science as a disciplined activity is to convince oneself only to what is real, not what is "potentially".

Science is telling us that predictions are not impossible. Period. What is possible, however, is having better odds based on having better information.

This is what it all boils down to. Seeing a cloud in the sky is a better information. Reading a barometer is even better. But you know, that raining could pass by a few km away.

[Anonymous No.18946146]

>>18945115

Yes, but this is only one aspect.

Because it is a zero-sum game (minus commissions) you could catch what loosers lost

[Anonymous No.18946156]

>>18946048
>Your are on a board where we all act like retards just to keep you retards out
back to twitter you cringe fucko

[Anonymous No.18946164]

>>18944442
You realize that you can make money gambling right? Ever heard of the Kelly Criterion? If you have an edge, and have a strong backtest of a high R strategy, you can make money with a fucking sub 40% hit rate. Do the fucking math. Retards come in thinking you can predict every move. Absolutely fucking not, it’s a game of probabilities and risk management.

[Anonymous No.18946221]

>>18946131
Prediction is possible but the time horizon is very short. Institutions who do HTF use bots that predict seconds to minutes ahead.

I've tinkered with this a bit and have some success with testing but i havent implemented anything yet. Overall, i dont think it will be as good as my other bots

[Anonymous No.18946243]

>>18945630

That is just catching of a momentum, nigger. Yes, it works sometimes, but is unsustainable in the long run.

One time you miss on a stoploss and god knows where will you arrive with all the slippage, lags and anxiety of a crash.

But chasing momentum is obviously better than betting on faith or gut feeling

[Anonymous No.18946270]

>>18945767

What induction, retard?

[Anonymous No.18946288]

>>18945878

Options on bitmex?

What till their bots will liquidate your positions to prevent house from losing money.

They know all the best, you don't.

[Anonymous No.18946296]

>>18945950

Randomness does not exist, retard.

It is an abstract mathematical concept.

[Anonymous No.18946343]

>>18946164

Probability is an abstract bullshit once you didn't capture all the relevant variables, which you never will.

Abstract math is just a numerology faggot

[Anonymous No.18946353]

>>18944442
yes.
over a long enough time frame, you will underperform the market by an amount equal to your cunulative trading fees

[Anonymous No.18946396]

>>18946221

That is not prediction, it is looking ahead.

A fundamental difference between these two processes.

[Anonymous No.18946403]

>>18946288
fuck no stay away form bitmex. I use Binance futures. Bitmex is an utter piece of nigger shit, not even the jews try to fuck you that hard.

My bots have never been liquidated though, my risk management is on point.

[Anonymous No.18946406]

>>18944523

not really, no. Rake is incredibly hard to beat unless you are playing for a lot of money.
If you are playing for a lot of money then you better be good.

The players are easy to beat, sure, but you get fucked by the house.

[Anonymous No.18946414]

>>18944546

you are always playing against worse players. Finding fish is never an issue. The issue is beating the rake. You don't know anything about poker.

[Anonymous No.18946457]

>>18944963
>% chance
If they were honest and posted results those percentage chances would never match reality.
TA is a fools game.

[Anonymous No.18946511]

>>18944496
>anything I don't understand is stupid

[Anonymous No.18946571]

>>18944442
It's all about managing risk.
>diversification, basically a free lunch
>volatility targeting
>return convexity, don't be fooled by normal distributions

Though I'm not a day trader, I'm not doing this for income.
I'm investing + also trying to time the market.

[Anonymous No.18946676]

>>18945089
Too little signal for the noise.
It's unlikely you will learn.

>>18945115
The broker system is FULL of conflict of interest.
Probably the strongest of them all the is CFDs.

>>18945567
>look for very specific set ups that have favourable probabilities
Thank fuck the institutions are using the Black-Scholes formula. This has resulted in massive mispricing. Well, combined with the other biases of the industry.

[Anonymous No.18946755]

>>18946221
HFT isn't about prediction.
It could be frontrunning known large orders coming through to multiple exchanges - see one executed at exchange A & immediately place a sell maker order at exchange B, knowing that when the large order comes to that exchange it'll eat up your sell wall & you'll make money.
Market making & cross exchange arb bots are 2 other HFT techniques that both dont care about the direction of the price because theyre never exposed to the price for long.
they're paid for the liquidity they provide, & because traders (as a whole) take constant small losses to then make a large profit - effectively paying the market making & liq bots to take the psychologically unfavorable side of the trade, like option writers do.

[Anonymous No.18946773]

>>18944494
>bruh Hollywood taught me to trade

[Anonymous No.18947091]

>>18944442
Lol you’re one of the newbs following hype, by then it’s too late

[Anonymous No.18947216]

>>18944442
>>18944538
>>18944682
>>18944804
>>18944963

TA is literally and without any exaggeration astrology for men.

[Anonymous No.18947364]

I swing trade link making maybe 1-2 trades a month without knowing shit about indicators. Not all trades are successful but managed to double my stack. All I know is when it's cheap or expensive. I didn't catch tops or bottoms though. So it maybe a good side kick but not something you would full time. As I am shit at reading charts I wouldn't be able to trade any other coin or stock. I know link as I followed it since its inception in 2017.

[Anonymous No.18947411]

>>18945567
You are going to learn a hard lesson

[Anonymous No.18947418]

The only ta that works is fibonacci, it amazes me everytime I pull it up and watch coins bounce right off the 50 like clock work

[Anonymous No.18947442]

>>18946048
Go back

[Anonymous No.18947489]

>>18947364
I bet you didn’t read the white paper. If you understood link you wouldn’t be taking such risks

[Anonymous No.18947534]

>>18945675
why did you decide to sell? what was your sell indicator?

[Anonymous No.18947547]

>>18944442
>I feel like every piece of advice I get on how to predict a trend only works until it doesn't.

You're on the threshold of escaping the matrix of bullshit trade strategy scams. Trend trading doesn't work because it goes against the core concept of buying low and selling high, and it relies on the false belief that you can predict the market. You can't. The market doesn't respect bullshit trendlines, patterns, or fibonaccis.

[Anonymous No.18947549]

>>18945752
could ya share your selling/buying indicators? If you are not larping...
You operate only in small timeframes?

[Anonymous No.18947556]

>>18944442
>daytrading is a meme
Stop daytrading, imbeciles

[Anonymous No.18947558]

lmfao at 20 yo white guys who say they want to day trade all day.
>ye bro I read a book on technical analysis
>I'm gonna day trade
>I need the extra monitors for looking at graphs

[Anonymous No.18947726]

>>18947549
I dont use a indicator for buying or selling, even if i did i'd never share it here because all these fucking retards would come and copy and id lose my edge.

I trade on smaller timeframes, i have a really juicy 15m trading bot. Although in the end, the timeframe doesnt really matter that much, its price action.

[Anonymous No.18947743]

OIL IS FREEFALLING AAAAAAAAA

[Anonymous No.18947756]

>>18947743
AND IT'S RECOVERING

[Anonymous No.18947768]

Fuck wrong thread

[Anonymous No.18947779]

>>18947558
>trying to run 4km in 20 min
Are burgers really that slow?

[Anonymous No.18947809]

For anyone considering day trading.
Try swing trading daily or weekly candles instead.

[Anonymous No.18947814]

>>18944496
>>18944494
>>18944523
>>18944531
>>18946457
>It's all luck bro?
>Being born into the world? Thousand different variables bro, you could be a jeet.
>Starting a business? Thousand different variables bro, Chinese flu anyone?
>Shorting Chainlink after Sergey sent 5mil to Binance? Thousand different variables bro, Google might buy those
>Buying oil after it went to $-10? Thousand different variables bro, it might not come back up so it's just a gamble. Electric cars bro
>Daytrading? All those swings you see are just random luck bro, you don't KNOW that it's going to swing back up after going down. Past occurances can't predict the future bro
>Bitcoin? The government might shut it down bro, it's just internet points
>Do not take risks bro, it is all gambling and money won't make you happy. You HAVE to wageslave for 50 years bro
For the last fucking time, none of you STUPID FUCKING KIKES are getting ANY of my Chainlink

[Anonymous No.18947905]

>>18947814
if it even needs to be said, unfathomably and indisputably BASED

[Anonymous No.18948363]

>>18944442
>BUY HIGH, SELL LOW

When do you faggots ever learn?

[Anonymous No.18948413]

>>18944442
I daytrade profitably. The profits are small but consistent like a $100 bucks a day. My biggest gains come from swing trading but I'm getting more and more into short term trading and futures. My decisions are 100% driven by price action. I watch lvl 2 and time and sales to spot areas of congestion. Usually they're at short to intermediate term price extremes. I don't really use indicators. If I do, I use them to confirm what I already thought. To me price action is everything.

1. Set your price levels (support/resistance) using longer time frames like the 1h, 4h and 1d charts. Be extremely picky with the levels you choose. They should be high quality and obvious. Do this for the /es, the spx and whatever stock you're trading.
2. Look for areas of congestion (that's why I use t&s, lvl 2 and deep book). Learn to spot larger volumes AS the orders are coming through, while the volume bar is formed instead of after it's done.
3. Look for correlations between big, hot stocks and the S&P. The stocks are either ahead or behind the snp. If the /es is taking a nosedive but the stock you're looking at stays up? Probably not for long. You need to be able to know if the /es is at important levels without having to look at the chart. Know the numbers.
4. Decide where you'll exit if the stock goes against you before entering the trade. Eliminate the "what if's".
5. Be extremely picky when entering a position and be decisive when to exit. Like one of those fish that waits and waits for an opportunity to attack it's prey. When it does attack it's over in a matter of seconds. Be like that. Like a patient predator.

The most important thing is by far learning to be patient and to only take the big shots. You need to be completely calm when entering and closing. You need to be able to comfortably ingest every single tick of the stock you're trading and the /es. That comes from knowing your shit and experience.

There's more to it but these are some of the essentials imo

[Anonymous No.18948455]

>>18944494
Yeah yeah HOLYWOOD aside you look on the forex charts and see your currency going down against basically every other fucking major for the last 5 years (Im a fucking AUSTRALIAN OK?) and its kind of a no brainer, stop holding the rainbow coloured shitcoin...

[Anonymous No.18948504]

>>18947779
borgs don't measure in km turk

[Anonymous No.18948522]

>>18948413
told him yesterday, its a spam thread
>dont waste your time
/endthread

[Anonymous No.18948536]

>>18944442
>I feel like every piece of advice I get on how to predict a trend only works until it doesn't.

This is exactly what I feel OP. Technical analysis is either some genius philosophy I can't fathom or a post hoc cope. (probably both simultaneously?)

[Anonymous No.18948551]

>>18944442
Pic related is retarded because waiting for confirmation is bad advice, traders play probability for a reason, there's no such thing as confirmation

Why wouldn't you buy the spot @ "immediate loss"? It's called a dip. It touched previous resistance, which, FYI, previous resistance becomes future support. Or, you know, keep buying right under the previous high and continue to get burned

[Anonymous No.18948599]

>>18948522
You're writing this as if I have any idea what you're talking about

[Anonymous No.18948648]

>>18948413
This is it, this can be applied to crypto. Look at resistance, look at support look at the trend and check the orderbook . Just being In the right place at the right can make you consistent profit

[Anonymous No.18949401]

Is swing trading actually possible unlike Day Trading?

[Anonymous No.18949435]

>>18946221
this is why crypto is a shit investment

[Anonymous No.18949446]

>>18946406
>Rake is incredibly hard to beat

This guy gets it. And rake is just another word for trading fees. And this is what kills almost every swingtrader.

[Anonymous No.18949755]

>>18949401
Yes. Only way to really have some control over your trades.

[Anonymous No.18949767]

>>18949755
What timeframe do you recommend for the most consistency?

[Anonymous No.18949794]

>>18949767
h4 upwards. My market is forex so wouldn't really know how this would translate to stocks.

[Anonymous No.18949799]

>>18949794
Thanks friend

[Anonymous No.18949832]

>>18948413
>>18944442
samefag
called it
>>18948522

Short tesla
Fuck jan jans and sage faggots
/end tread

[Anonymous No.18949856]

>>18947814
SAved
Nice one anon

[Anonymous No.18949927]

>>18949832
>shorting a cult stock

it's clear you are a (based) retard

[Anonymous No.18950064]

>>18949832
how are you calling two id's samefag you dumb nigger. /end your life retard

[Anonymous No.18950068]

areas of historical support and resistance highlighted on a market profile will always have an effect on price discovery. Gann fans and fib levels often work if for no other reason than millions of people believe they do. (mark a fib retracement from the bottom of a large spike to the top on gold for an example and very often the price will retrace to the 0.63 or 0.72 fib lvl then fly back up and take out the highs

basic candlestick patterns with confluence will often work as well. trailing indicators like RSI are shit IMO. but believe what you shall

[Anonymous No.18950338]

>>18944442
Seems that way I've on youtube watching guys who trade for 20 or 30 years and even they have no idea where the stock is heading they just draw a bunch of lines. Most information they ever has is "support break stock go down"

[Anonymous No.18950598]

>>18946009
>The people day trading aren't even human
Quit it with the antisemitism

[Anonymous No.18950627]

I love day trading and if you think it’s nothing but gambling. You’re a broke loser cuck fag who has no idea what risk management is. Risk management doesn’t exist in gambling.

[Anonymous No.18950929]

>>18945630
>by setting the auto sell to 100% and going to sleep during a crab
why do you always cash out at 100%?
don't you find it retarded?