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/biz/ - Business & Finance

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30243947 No.30243947 [Reply] [Original]

No bullshit presales, rug pulls, pajeet scam coins, gas fees, uniswap, dexess, just primarily trading btc and reliable alts.

Update* Close short early went into a long and got stopped out. First lost

Account
4 Trades
$100->$170-$180->$180->$240->$300->$266


Old threads
>>29936569
>>29992890
>>30015982
>>30071324
>>30161599

>> No.30244075

>>30243947
go back

>> No.30244129

you said you learned online, but also worked at a firm. did you become a profitable trader before being hired as one or did you learn on the job? just curious if you are mostly self taught or if you need to go work at a financial institution for this sort of knowledge

>> No.30244131

I enjoy this anons post

>> No.30244137

>>30243947
how do you determine tp and sl

>> No.30244152

I do Futures too but I'm utterly destroyed at the moment. I typically actually play DOT more than BTC

>> No.30244188

>>30244131
me too

>> No.30244236

>>30243947
are u recoridng ur trades?

>> No.30244274

>>30243947
You 3x in like a week that’s badass....
So what gives you the confidence to make a trade? Do you only enter a long/short when your 10000% sure the market is gonna move in your favor? What are some indicators you use?

What’s stopping you from just using 100x leverage? I understand that you can get raped, but if you know for sure using 3x is smart, why not just go all the way?

I opened a 100x long a week ago and made $120.

>> No.30244302
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30244302

Questions from a wannabe trade

-I saw that you use exocharts, is it worth the buy? I know a little about analysing the
volume, I am reading some stuff from marketdelta.

-Mind sharing some indicators and configs?

-Do you use fib? I saw some white lines that looked like fib

-I have no idea how to take profits from my winning trades, do I sell like 25% of my positions when it reaches a certain level? or 75%? how the fuck do I define those levels?

-In on your last trade at 48000 how did you know that the price likely would bounce at that level?

>> No.30244392

>>30243947

I too am a poorfaggot & thinking of dumping what I can into ONE. Whatcha think?

>> No.30244481

>>30244302
behold, newfag extract.

>> No.30244580

>>30243947
are you using bybit only for now? I dont see you move around 300 bucks for a switch to alts

>> No.30244786

>>30244129
Was profitable before, got even better at the firm.

>>30244137
Tp for longs are at resistance levels and for shorts vice versa.

>>30244152
Use lower leverage mate

>>30244236
yes

>>30244274
Start with small positions and work your way up. 100x will get you rekt no matter what you can be consistent cause if you are wrong then you are out of the game.

>>30244302
Yes i use all tools mentioned plus more, however you need to know how to use em, and unfortunaly most dont know how lol.

>>30244580
Most funds on bybit atm, I transferred little to binance. This is where leverage comes in handy.

>> No.30245554

>>30244786
>Was profitable before, got even better at the firm.

Cool, I have just had a quick look online, there are some junior crypto trader jobs listed in London firms, they seem to like people with a background that deals with numbers (I'm in STEM atm), but in theory would being able to show them a set of tax statements or exchange statements showing that I'm already profitable in this be a help in trying to land a job like that? Or would they laugh at me

>> No.30245832

>>30245554
Pretty much the same way to get any job I suppose, a beefed up resume.

>> No.30246154

>>30244786
Yeah I admit I was taking a risk with that 100x. Anywhere from 3-10x is what I like to use cuz it gives me nice wiggle room. I’m just trying to get to 10K as soon as possible. Cuz once you’re at 5 figures, a 1% movement is $100 which is nice enough for me. So I won’t even need leverage after that.

>> No.30246407

>>30244786
when you use leverage with little funds you pay bigboy fees on a small collateral, how do you deal with that

>> No.30246606

>>30246154
Using 10k postions for trading is great, one can make a living off just trading with that size.

>>30246407
Its percentage based

>> No.30246774

Conversation in here does not seem very organic, anons.

>> No.30246815

>>30243947
LET US CHAT IN THE TELEGRAM CHAT
PLEASE

>> No.30246987

>>30246815
which one is that?

>> No.30246997

>>30246606
is notional based

>> No.30247119

>>30243947
make a telegram we can share signals and stuff for positions

>> No.30247410

>>30246606
percentage of collateral x leverage, so 10x lev means 10x more fee, this always kills me when I use SL

>> No.30247682

>>30245832
Did you just apply to a place then, or did you have connections?

>> No.30247819

>>30247410
Wouldn't it be like 2% fee on binance? I don't use leverage because is too risky for me, so I'm ignorant on the matter.

>> No.30247844

Where do you think btc is heading? Also what exchanges do you trade on? If we were to copy pasta you ofc your not financial advisor can we do it on a different exhcnage to you? Of course I will use your referal link regardless

>> No.30248036

bumping for interest to see how much money you retards lose.

>> No.30248140

>>30246997
>>30247410

Taker fees can hurt, that is why maker fees are useful since they can be 0 or even you can get paid depending on the exchange.

>>30247682
I had a good resume and was very good at networking.

>>30247844
Looks like its just ranging again.

>> No.30248246

I turned 600 into 12k within two weeks but got too greedy to sell the asko top. Biggest regret.

>> No.30248333

I'm thinking if it goes below 46k we will bleed to 40k min thanks for answering so quick but you didn't answer the rest sorry for all the questions. For all the people trying to find this dude took me time as well but go on telegram and just search bitstreetbets.Do you not trade stuff like rubic if so why?

>> No.30248449

What are you trading on? I use bitfinex or kraken 5x.

>> No.30248492
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30248492

>>30244075
/thread

>> No.30248495

>>30243947
How much capital do you need to day trade for a living and earn 1 million per year?
Also, how do you learn how to trade?

>> No.30248523

>>30248333
>>30248449
I trade on bybit for btc and eth and binance for other alts.

>> No.30248601

>>30248523
how much did you hold on each exchange with your initial 100$? 50/50?

>> No.30248665

>>30243947
What do you consider to be reliable alts?
Thanks for posting this and keeping us updated. I noticed you answers a lot of questions. Keep it up, friend!

>> No.30248695

>>30243947
blessed OP posting loss.

>> No.30248712

Why do people trade futures instead of directly trading the coins?

>> No.30248787
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30248787

>>30243947
These threads are comfy as fuck man

>> No.30248890

How old are you OP, do your friends & family know you can do this kinda shit or do you keep it quiet

>> No.30248904

>>30248601
Mostly traded btc at first so kept it all on one, will eventually move more to about 80/20 since i trade btc mostly.

>>30248665
High volume traded alts.

>>30248695
Haha we all lose mate.

>>30248712
Leverage, fees, slippage, volume come to mind. Nothing wrong with spot tho.

>> No.30249131

>>30248904
I've been trading on ADA these past couple weeks. Good price swing and it's basically blue chip so you know you won't get utterly rekt by meme dumpers.

>> No.30249298
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30249298

what are some good alts to day trade with? I've been doing it with BAT and EJN because I can make more money per trade on those than on other popular alts like BTC, LINK and ETH, but I think that ENJ is running out of juice, so I feel like I need to find another coin to replace it with

>> No.30249331

Can we make a Telegram Group so everyone can profit?

>> No.30249393

>>30248036
He’ll only lose money if he FOMOs with 100x longs at peaks, and then panic shorts with 100x at valleys. He literally tripled his shit in a week, I think he knows what he’s doing

>> No.30249687

>>30249298
Anything with high volume is good. Bat and enj are just fine.

>>30249331
In my name fren

>>30249393
Haha too much credit mate, I go on losing streaks too. Im also at 2.5x after todays loss lol.

>> No.30249724

dude, I saw your ID, don’t play this game
If you want to shill trash go to other threads
>REMEMBER: We are not idiots
My pajeets hodl juld and +330% just for this year

>> No.30249845

Also I can't figure out for the life of me why you only trade BTC, doesn't that really minimise the number of trading opportunities you have, do you typically only have one trade open at a time? The way I was taught I basically swing and scalp everything on the market and might have a dozen trades going at once (as long as some of them are already stop lossed in profit) with some of them lasting weeks

>> No.30249901

>>30249331
>>30249687
make a telegram group called "bitstreetbet followers" or something since we can only READ from your chat

>> No.30250046

>>30249845
Woops, not only BTC, but mainly Btc

>> No.30250188

>>30249845
Most alts follow btc anyway. But more importantly I'm starting with a small capital so don't really want to have that many trades open. But honestly its more personal, since i like to trade btc and also it has the most volume.

>>30249901
I dont really want a chat since it opens up to scammers.

>> No.30250590

newbie here, is trading with leverage better than just spot? im guessing you dont recommend it for guys who are new to trading

>> No.30250598

>>30250188
how do you feel about shorting BTC based on inflow/outflow from exchanges/miners on Cryptoquant? all my shorts right after a big outflow from F2pool have been successful

>> No.30250753

>>30250590
No leverage mate, unless you are using small capital.

>>30250598
Using it along with other tools help. would be better than using just 1 tool alone imo.

>> No.30251349

>>30250753
I have 45k after holding a 1500 link stack for a year and selling at $31 before it dumped last week
What should I do with it

>> No.30251607

>>30251349
Nothing wrong with treating yourself and taking profits. Cant tell you what to do with your money, but preserving your capital is important for all traders and hodlers. .

>> No.30251635

>>30251349
Honestly, you probably shouldn’t day trade like this guy.

Very, very, very, very few people make money from day trading.

>> No.30251794

>>30251349
Buy katalyo. 3.2 million dollar market cap. Solid project. About to moon.

>> No.30251799

>>30251635
>>30251349
That’s not to say threads like this aren’t interesting, at the very least you learn about a large aspect of the market, but this isn’t the place to go for crypto picks and advice in the sense of finding project and making large profits over weeks and month. Day traders doubt give a fuck about projects and they don’t know what a month is. For them it’s just about movement. There’s no up or down, just left and right.

>> No.30251865

>>30243947
>100
>*
>100
>=
>10000
>*
>100
>1000000
That's all there is to it xD

>> No.30251932

>>30243947
put me in the screencap you lil bitch
I was here before you got to $1000

>> No.30252023

OP I really want to try this as well. I don't work anymore because I have nearly 7 figures and incredibly low costs of living from mostly buy and hold strategies but trading say $1000 to $1MM sounds like it would be quite an endeavor and a learning experience.

Are you able to give any information on your indicators of choice? I'm already rather informed on a lot about trading from just reading over the last 5 years but never put any of it into practice.

>> No.30252398

>>30251607
I’m thinking ab putting 30k into a TD account and day trading on bank stock oscillations and longing some oil as the prices continue to rise. US taxing every single crypto transaction is brutal

>> No.30252463

>>30251635
>>30251799
So go all in on FEG and HOGE?
Got it
>>30251794
I’ll check it out

>> No.30252605

>>30246815
It's in the name

>> No.30252629
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30252629

>>30251794
>>30252463
You are fucking insufferable

>> No.30252705
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30252705

>>30252629
>ad hominem
Wat

>> No.30252727

>>30243947
And one day you’ll stop posting, and we’ll all know why

>> No.30252917

Please share your strategy OP

>> No.30253295

wat a Bro...

>> No.30254065

Bump /biz/ is dead and shitcoins are mooning

>> No.30254913

>>30243947
>I will turn $100 to $1000000

Um Ah Gai's

https://youtu.be/vOu6n44ldJU

>> No.30255186

>>30243947
Cheer op. I would like to see your journey to the end.

>> No.30255305

>>30243947
Bro, I made a thread about his yesterday. I need to make 365 trades at 3.1%, and that gets me 4.4m. I need to average 1 per day for a year. Yesterday I done 2 pretty easily.

Binance fees make this possible, fuck gas

>> No.30255445

>>30255305
Yeah it’s simple, this is why all professionals who work in the market are billionaires and also retired

>> No.30255514

>>30255445
there aren't many people in crypto yet, most of the do shares, where a 3% gain in a day is pretty remarkable, but with crypto the shit bounces around all the time. Just buy red candles and set a sell order 3.1% higher

>> No.30255547

>>30243947
Monitoring. Will be following as a newfag as well.
With only $100 in, I might as well emulate to the best of my abilities. Will be an interesting experiment and learning experience for future.

Please consider making a Pastebin of useful content

>> No.30255726

>>30255514
The number of people is completely irrelevant. More volatility also means more chances for losses. And you will lose, a lot.

Honestly ask yourself if you are better at trading than 95% of people who attempt it. If you’re not honesty sure if the answer is yes, don’t day trade.

>> No.30256013

>>30255726
I literally won't lose a lot. I will lose a max of $100, but even now at $110, I can set a stop-limit for $100 so I never lose.

I'm also holding too, I'm holding $47k right now. It was 52k yesterday. It seems hodling is the real way to lose haha

>> No.30256969

>>30243947
I HAVE $1000 TEACH ME

>> No.30257253

>>30256969
This I got 4k I made form swing trading but thats just being lucky

>> No.30257669

>>30251349
Unironically BAT
Reading what it is aiming to do, it has more substance than quite a bit of other crypto

>> No.30257861

>>30257669
too late you pleb

>> No.30258418
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30258418

>>30243947
>>$300->$266

bro, are you risking 14% of your account per trade? what's your strikerate? if you keep compounding, at 4 losing trades in row you would have lost almost 50% of your acc.

>> No.30258487

tits or gtfo

>> No.30258508

>>30243947
>I will turn $100 to $1000000 day trading crypto futures
No you won't. But good luck.

>> No.30259466

>>30244075
Fpbp

>> No.30259699

>>30257861
It’s going to hit $40 before Link does