Profitable traders

[Anonymous No.24542710]

Are any of you guys trade crypto? I mean legitimate trading using TA and all this shit (not just investing in shitcoins and praying that they will moon).

I'm following a lot of traders on crypto (SalsaTekila, CryptoCred etc) but still can't figure out how profitable trading can be in comparison with investing and do this guys really make consistent profits or just gambling)

[Anonymous No.24542773]

>>24542710
Using the strategy from
>https://youtu.be/cn8Uyx18Ocg
I tried day trading ADA with 10x but got fucked a few times, I don't think it's for me personally. Interested to see what others have to say.

[Anonymous No.24542876]

>>24542710
>I'm following a lot of traders on crypto
*on crypto twitter

[Anonymous No.24542939]

>>24542773
Interesting. Was it profitable?

[Anonymous No.24542994]

bump

[Anonymous No.24543067]

Bump

[Anonymous No.24543161]

>>24542710
the only real way to make money as a trader is to buy the dip when btc does a flash crash

[Anonymous No.24543180]

>>24543161
Why do you think so?

[Anonymous No.24543241]

>>24542710
how many of you fags need to get liquidated before you realize swinging and day trading crypto will burn you 100% of the time

[Anonymous No.24543355]

>>24543241
But it looks like there are people out there who can make money doing this..

[Anonymous No.24543385]

>>24543355
yes and they desperately want to convince you to try too so they can take your money

[Anonymous No.24543464]

>>24542710
I trade stocks and crypto based on market and affiliate information. I don't day trade.
To me, TA is like reading a horoscope in the newspaper.

[Anonymous No.24543502]

>>24543241
This.
Crypto's spread is too big to try anything but hodling it, imho.

[Anonymous No.24543611]

>>24542939
I was pretty fresh to day trading so I started with a very small sum, just to simulate it and practice. Lost 20%, so if I went in bigger, it wouldn't be too much fun. However I was a rookie, so experts definitely know better how to do their moves. However...
>Swinglets get rekt
This phrase exists for a reason

[Anonymous No.24543628]

so what's the qt's life goal?

[Anonymous No.24543703]

>>24543628
https://www.youtube.com/watch?v=3wmheqzJSkQ

[Anonymous No.24543741]

>>24543703
Based on that answer, she might screw a man over. The girl after seems based.

[Anonymous No.24543774]

>>24543703
disappointing

[Anonymous No.24543794]

>>24543611
I don't get why, just buy low sell high, how can you go wrong?

[Anonymous No.24544211]

>>24542710
Iam a day trader mostly playing uniswap gems. I trade up and down trends. I use very little ta, mostly iam looking for patterns that charts respect.
There are plenty of other like me!

[Anonymous No.24544239]

>>24542710
trading is gambling, and is basically playing a game with real money.
the most effective thing to achieve in trading is to never lose big. you should achieve some level of profitability if you can do that. making shit loads of money is luck imo though

[Anonymous No.24544335]

>>24543794
It can always go lower than you expect and you end up 'bagholding' on a 5min chart, and possibly not getting your loss back. Like I said, I'm dumb and wanna learn it the proper way myself.

[Anonymous No.24544400]

do most crypto traders try to trade altcoins for more sats?

[Anonymous No.24544466]

Day trader here, the real trick is to develop your own strategy, not copy the strategy of someone else.

[Anonymous No.24544534]

I did back in 2016-2017. Was moderately profitable. However I’m a burger and changes to the IRS definition of like-kind exchange to only include real estate means a crap ton of tax burden for every trade and it’s not worth the risk at this time. Fucking politicians.

[Anonymous No.24544564]

>>24543774
are you retarded? this is the most based thing I've heard from a good looking woman in along time.

[Anonymous No.24544742]

>>24544466
Can you elaborate please? How long did it take untill you become profitable? Which sources did you use to create your own strategy? What's your PNL if you don't mind?
>>24544211
Which coins do you currently trade? Also, I don't really think that TA can work on Uni shitcoins

[Anonymous No.24544915]

>>24544335
I always get told to use stop loss and I should be fine just with that. I am wrong again?

[Anonymous No.24544953]

>>24543703
very whitepilling

[Anonymous No.24545050]

>>24544742
Took me around 2 years to figure it out, I‘m sure there is people who could learn it faster.
I watched everything, every tutorial, read about every tool you could possibly use and then combined it all to build my own strategy and indicator.
I experimented a lot too, made some losses and didnt win every trade but eventually I figured out how to adjust for that.
Now around 9 out of 10 trades I do are profitable, for some time I even had a track record of 10 wins out of 10 trades.
overall its a lot of work

[Anonymous No.24545269]

>>24544742
today i traded komet and yf-dai. i have around around 30 coins, which i choose from depending on price action. These coins have a big community backing, interesting charts with volatily and ofc liquidity. I barely trade new coins unless they are proven and i can work with their chart.

[Anonymous No.24545341]

>>24543628
To become roastie

[Anonymous No.24545340]

>>24545050
Actually nice. Do you trade for a living or is it just additional income for you?

Which coins do you usually trade? Swing or scalp? Also, can you give some hints on what do and what not to do to become profitable?

[Anonymous No.24545443]

I'm learning, but I only trade stocks. Crypto is too much stress and I just hodl my crypto portfolio.

Been trading for a couple of months, portfolio of £12k roughly.
Was up overall £900 last week and now £260, made some bad trades this week, sold the bottom of some stocks below support because I didn't stick to the 2 day rule.

Ordered pic rel for Christmas, will read it over the holidays

[Anonymous No.24545491]

>>24545340
Yes I trade for a living, when I was new to it I was doing it in my freetime after I was done with my regular wagecuck job.
Later I dropped the job and traded fulltime. Investing some of my profits into Chainlink turned out to be my best move.

>Which coins do you usually trade?
I can trade anything, most important is that my checklist checks out.
Basically when I see a good trade I get in doesnt matter what coin.

>Also, can you give some hints on what do and what not to do to become profitable?
The most important thing is that you figure it out on your own, you need to be able to do your own research.
Its the only way to actually get anywhere with that.

[Anonymous No.24545576]

>>24544915
No, you're right. It's good to put your stop-loss at whatever risk you want to trade. It's better not to risk more than 2% of what you have. As the guy said in the Link swing video, you could put your stop-loss at the most recent bottom. But like with all things, sometimes you're lucky, sometimes you're not. My position once dumped hard below the stop-loss and recovered quickly right after that. Quite unlucky knowing I could have set it lower. But the point is to be sure with your trade and roll with it. Better luck next time in this case.

[Anonymous No.24545578]

>>24545050
What are your favorite indicators? What setups/formations do you find the most profitable? Top 3 tips you'd give someone learning?

Thanks

[Anonymous No.24546155]

>>24542710
If you have a large account, have taken time to learn how to trade and have had experience in day trading then it's pretty much impossible to be unprofitable. You'd have to make some very egregious mistakes which you won't because of the three things I just mentioned. If you're a poorfag then you'll just be fish chum for whales because you'll be making a ton of mistakes due to fear of losing what little money you have or due to greed.

[Anonymous No.24546367]

>>24543703
damn, she cute. what phenotype is that?

[Anonymous No.24546420]

>>24546155
>large account
What would you consider that to be? Just curious.
Also, checked.

[Anonymous No.24546495]

>>24545578
>Top 3 tips you'd give someone learning?

1. DYOR
2. Dont give up when things dont work out, see it as farming XP to become better
3. Work on it Daily

[Anonymous No.24546515]

>>24545443
>the 2 day rule.

enlighten us

[Anonymous No.24546526]

>>24544915
If you're new to day trading stop loss is an absolute must, especially if you're trading with leverage. You will get rekt for sure.

[Anonymous No.24546550]

>>24543161
This is a save way
>>24543180
If you bought BTC on this covid crush, you're swimming in cash, also it's the best way to buy almost any of the top 30 coins

[Anonymous No.24546564]

Trading is only profitable if your account is >10k. Below that, bagholding any losses would be the best strategy. Also, leveraging is not recommended. You can burn 10x more if you're on leverage. Trading is okay-ish on spot (buy low, sell high), but like I said, you can only see profits if you're trading like a big balance. But it all depends on your strategy; whether to swing trade, scalping, or anything. You just have to have that huge amount of patience.

Also, "see money, take money".

[Anonymous No.24546571]

>>24542710
built for the bbc

[Anonymous No.24546648]

>>24546564
>Trading is only profitable if your account is >10k.
Day trading, perhaps. Trading in general is how I got passed 10k though.
>You just have to have that huge amount of patience.
Absolutely this.

[Anonymous No.24546782]

>>24546564
bagholding losses is a terrible strategy lmao

op, research position size and risk/reward ratios to set take profit and stop loss accordingly. that way leverage or no leverage, you are making the same trades, just depends on how much of your own collateral you're putting up

[Anonymous No.24546841]

>>24546495
I've been trading shitcoins for the past 2 months, made a lot of mistakes in first one and learned from them, in November I brought back the whole balance that I lost with my painfull mistakes. This month I might be set for some gains, if some coins gonna list on Binance I'm gonna do well, If not, still will do pretty good, probably. What are your top picks?

[Anonymous No.24546954]

>>24546782
>bagholding losses is a terrible strategy
I believe it all depends on what you're holding. For example; if you were not able to exit when some of the stocks dumped, due to the wuflu, holding on the way back up, to minimize losses, would probably be a good way to go.
Just my opinion.

[Anonymous No.24548042]

>>24542710
The literal only good TA things are:
>Volume
>Ichimoku Clouds
The clouds are a meme, but almost seem like a self fulfilling prophecy if you follow the actions of price with respect to cloud over the last bull runs.
Denying volume has any impact would make you a full on retard.
Every single other thing has been basically pure degen gambling. These dumb fuck twitter accounts you follow are pure LARPs. Maybe the only respectable one is AngeloBTC, he has predicted a good amount of shit and was an OG leaderboard placeholder on BitMEX. That guy Romano hasn't done too bad either.

[Anonymous No.24548134]

>>24542710
>legitimate trading
>TA

pick one. TA is astrology for finance bros

[Anonymous No.24548271]

>>24548042
I've tried using two EMAs ore MACD and backing that with RSI, but so far not much luck.
I'll go read about the clouds. Do you think there's a risk of making a very subjective interpretation on them? Would you fully rely on them?

[Anonymous No.24548363]

Anyone read the book "fooled by randomness"?

[Anonymous No.24548593]

>>24548271
The reality is, should some truly good fundamental analysis (news, rumours) come into place, everything to do with TA collapses. If hypothetically tomorrow the network crashed, TA could not predict this. All of TA is to look at trends, and maybe at best what will happen after a big move. It will not predict the big move itself. These big changes that occur do not wait for some magical patterns to happen, or for some MA's to cross each other.
Now, EMA, MACD, RSI, Bollinger Bands, whatever suits you, will literally just tell you historical pricing. Like >>24548134 says, it is literally astrology for finance.
When it comes to Ichimoku clouds, I accept this too. However, historically it has been a good indicator when you look at the big moves, some small tweeks and it might suit you very well. My current reasoning for a correction to 14k is that historically throughout a bullrun start, we see the prices bounce off the top end of the cloud before beginning its run, which may coincide with the fact that the market is trying to scare off investors before the big run. Really look at volume if you want to "fully rely" on something, but you should never ever fully rely on any indicator. That being said, look at how the full indicator of the clouds is interpreted, I have found it to have worked historically.

[Anonymous No.24548689]

>>24548593
Many thanks! I'll read into it.

[Anonymous No.24548764]

>>24548689
This is using literally just the 2017 run as an example, but if you look back at 2014 and even the small pumps in between, it follows the logic I stated before. Again, this is basically astrology, but it has followed this pattern. Take from it what you want.
>Yes, I have a meme chart here including fibs and clouds
It assists my reasoning for a certain sentiment, but I do not use it to make my sentiment.

[Anonymous No.24549086]

>>24543241
There's literally nothing wrong with swing and day trading so long as the majority of your holdings are long

[Anonymous No.24549105]

>tfw no comfy /biz/ TA discord to shitpost in
I've been trading since 2018 but theres never any interesting people to talk about it with because they are all bagholding shitcoins instead

[Anonymous No.24549168]

>>24542710
why is it always slavic women?
why do germanic women never want emigrate en masse?

[Anonymous No.24549178]

>>24543703
>women
>asks a faggot

[Anonymous No.24549906]

>>24543703
How do I track down the cute girl who didn't want anything except for a family and good husband.

[Anonymous No.24550016]

>>24542710
how much to you need and how easy is it to get a 18 year old russian gf? run bald and bankrupt game?

[Anonymous No.24550277]

>>24546571
Well said.

[Anonymous No.24550411]

Why should I tell you my trade secrets?

[Vitness No.24550480]

Hi, share you opinion anything about duckdao.io?

Looked through this platform, looks interesting with open source crypto card game and investment tools with long-term partnership.

[Anonymous No.24550517]

>>24549906
Go to your local catholic church

[Anonymous No.24550572]

>>24542710

>legitimate trading
>internet ponzi tokens

None of this shit is legitimately used as a currency.

[Anonymous No.24550585]

Polina Polina!!!! Arruiname la vida!

[Anonymous No.24550592]

>>24544466
Dubs of truths.
For effective daytrading you should study and develop character

[Anonymous No.24550595]

>>24543385
It took me 3 years to learn how to trade on margin. I ground out my fillings from my teeth from the stress and lost over 100k. It isn't easy and most people shouldn't do it. I still am not yet up to even yet but in the long run it will have been worth it.

Anyone selling an easy system is lying. You have to learn the emotional regulation above everything else.

[Anonymous No.24550769]

>>24550517
lmao I've slept with several Catholic girls who subsequently wore promise rings while dating men they subsequently married.

[Anonymous No.24550794]

>>24542710
she is so beautiful someone pls tell me she has a penis

[Anonymous No.24550895]

Daytrading is just pure gambling. All those indicators are pure bullshit that might work a few times and will also lose.

I've been researching daytrading for a long time now and have not seen a single legitimate daytrading youtuber. A legitimate youtuber being one who doesn't want to sell you a course/signals and makes his profits/loses public. Also, they all give you bullshit tips you don't learn anything from. Telling me to "keep my emotions cool" isn't going to tell me when to buy or to sell, nor will those shitty indicators that only work for 50% of the time. In the end the only thing that's trustworthy is fundamental analysis and trading the news.

[Anonymous No.24550920]

Any recommended resources for trading crypto?

I've been going balls deep into forex, I'm wondering if the same principles would apply to crypto or not

[Anonymous No.24551106]

>>24550895
What about swing trading?

[Anonymous No.24551172]

Obviously i trade retard

[Anonymous No.24551197]

>>24542773
What site is this guy using?

[Anonymous No.24551282]

>>24551106
I think swing trading is legit assuming you hold a position for several days to weeks or month(s).

You basically have to be autistic and constantly read any news, rumours and SEC forms or summarizations of them regarding stocks/cryptos you want to hold for the short term and ride out the hype.
Hope those rumours or your predictions turn out to be true and you'll make money.

[Anonymous No.24551711]

>>24549086
ay way
Doesn't everyone have a swing stack and a HODL stack? I hold a bunch of bags but only swing with one.