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/biz/ - Business & Finance


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49721892 No.49721892 [Reply] [Original]

I am sick of failing at my trades in crypto, I dont have time to DCA and hodol, or to "learn how to trade" etc...

There are people selling entry trade ideas, but I dont know who is just a scammer, who is good.
Any experience or recommendations ?

>> No.49721924

>>49721892
learn python and learn TA
there's no secrets besides market manipulation and fraud
everyone else is playing slots with maybe 60/40 odds if your good

>> No.49721959

>>49721892
>I don't have time to DCA
how

>> No.49721978

>>49721959

what are they called, signals groups? Just give them to me, please.

>> No.49722033

>>49721892
traderview is designed around your needs
go into the community indicators and take your pick of "scalping" and "get rich NOW" indicators which will tell you exactly when to buy and to sell

they're not all terrible either. it's all just numbers. the idea is you get enough random people together and wave properties and shit start to emerge where math works. 1 trade an hour on a pair on a shitcoin does not work. 5 million trades / hour and your starting to measure human consciousness in general

you can go as far into the TA rabit hole as you want, but ultimitely botting is the answer. nobody has time to sit and watch the market.

come up with basic rules, and then trade on them.
hopefully 51% of the time they are right

>> No.49722053

What is the problem, are you telling me nobody uses this shit?
Are they literally all just scammers?
There has to be some catch.

>> No.49722117

>>49722033
>come up with basic rules, and then trade on them.
>hopefully 51% of the time they are right
what kind of rules would you suggest?

>> No.49722131

>>49722033
Can you recommend some indicators, the list is hella long, some are locked, what does that mean?

>> No.49722132

>>49721892
learn to read companies' financial statements

>> No.49722170

>>49721978
this is going to be a personal preference thing.
there are "leading" and "lagging" indicators.

leading indicators (CCI)are jumpy, they predict the future, they will show you a trend/reversal before lagging indicators will, but are often wrong

lagging indicators(MACD, RSI) are just putting the past on the chart, combinations of moving averages, the longer the average the longer the delay.

you can spend the rest of your life trying to come up with the right combinations of indicators.

right now i'm fucking with aroon (which math wise is like support/resistance levels) and chop (doesn't tell you trend just *if* it's trending).

i work on the 1m chart trying to scalp and don't make any money

>> No.49722274

What do you think? If they were good they could just approach big investors to keep the secrets as small as possible and use the leverage, or even just trade their own money if they're autistic, otherwise the strategies stop working.

It's easy to see they either fall into the category of scams and if they work are bull market wonders where you would make more money just taking your whole portfolio and leveraging up instead of actually trading

>> No.49722353

>>49721892
think about it faggot.
if you were so good at trading, would you sell your secrets so more people can trade with your moves until your trades inevitably become overcrowded and fail?

EVERYONE selling trading shit is a SCAMMER

>> No.49722406

>>49722131
don't ever buy traderview indicators. but that's one way to make money, make your own indicator (which might just be combining two existing indicators), and then sell it to retards for money.

really there's only 5 or 6 real indicators that matter
CCI
MACD
RSI
AROON
EMA

all the others are combinations or filters(stoch/fisher) on these base indicators or minor tweaks.
there's also some wave shit that i'm not familiar with but those indicators always suck and are always late anyway.

all these indicators were written in the 70s by autists before the internet.

nobody since then has come up with anything that mattered.

>> No.49722409

>>49721924
how do you use python for trading? any good courses?

>> No.49722422

>>49722274
some of "youtube" traders with "vip" rooms are selling "advices" or whatever, but maybe thats only thing I need, because when I try to bounce ideas here it is just bunch of shitposting, or in discords total retards who are even worse than I am,
I am just missing on entries by a little bit, I feel like I am so fucking close just am not fast enough, and somebody with some experience would enable me to just get that little bit better so I do not shit the bed every single fucking time

>> No.49722444

>>49722409
learn python first, just start fucking around with tutorials or buy a book, and read the documentation

the big exchanges, kucoin, binance; you don't even have to write the code to talk to the exchange; you just use a library. your entire bot could be 20 lines of code.

>> No.49722463

>>49722353
For anyone who trades momentum and trend, yes, I absolutely think having more people buying at the same time you do would be in your favor. Why would you want to be a buyer if no one else was buying and vice versa? That's why people pick tops and bottoms and get wrecked constantly.

>> No.49722499

>>49722422
you don't need any of that shit.
lurk on biz and then sink into every single public telegram chatroom you can find; and you can discover all of the cesspit of advice on the internet is equally worthless for free. traderview also has a chatroom where they routinely shit on businesswomen for lulz.

celsius and 3ac just got liquidated rofl. clearly it was because they didn't pay for the $50/mo internet course.

learn yourself from experience.

>> No.49722590

>>49722463
>trades momentum and trend
mean reversion is another way to program bots which is the exact opposite of this and it's stupid.

if you mean revert you still need to know the trend; and then you end up with late entries and exits from DCA / TA entries/exits which suck

>> No.49722667

>>49721892
you can also check out
https://hummingbot.io/
https://miner.hummingbot.io/

which is a good general purpose bot for a retard with no coding knowledge.
you don't have to do the "miner" part, which is them just paying you for having a bot on a pair (shitcoins want bots on the pair for liquidity).

hummingbot doesn't work for futures though and you have to realize the bot has to have a bag to work with, which means your holding BTC on the way down.

if you want a futures bot you have to write it yourself or pay retard money

>> No.49722699

>>49722406
What is even the success rate of these?

>> No.49722727

>>49722590
there is more to this, and it is experience,
and advice from somebody who is even a little better than me can point me in the right direction.

Bots are working like you described in the past, only humans can sometimes predict future by learnt experience, and that gives at least little bit of an edge

I want to try out this helpful advice gimic

>>49722699
lol, guess.
if they worked you would not need humans for trading.

>> No.49722795

>>49722699
traderview has "strategies" which actually pretend execute buy/sells on the chart, also called signals, based on common indicators like macd if you want to fuck around.

just type in "macd strategy" in trading view. then there's a backtest thing at the bottom you can run.

not very well, this is why combinations of indicators are needed and there's infinite combinations of those.
indicators all have different settings too; usually period length, which means infinite combinations of those.

also consider lots of bots look at multiple candle sizes, so now if you have 3 indicators, and it's looking at the 1/15m chart, that different long/short singles.

what do you do then? go long when 4/6 are long? 6/6? ignore the 15m indicators and only go with 1m?
you have to play with this and it's going to be different on every pair and change.

>> No.49722822

>>49721978
you are going to lose all your money because you're a brainless lazy retard. good luck

>> No.49722867

what about that fag Krypto Kirby?

I remember him from years ago, anybody got info?

Theres that kid fortyflies or something, the "Market Makers" perma bears, they were calling mega-crash on up way to 70k second top, so that does not give me too much confidence, but they brag they have some mega super duper team or whatever

somebody has to know something or have experience with something like this, what do you get inside, they give you entry short / long with SL and you just play it out?

>> No.49722901

>>49722590
True. I'm just trying to point out, that if you were to trade a breakout and 10 thousand other traders bought the same breakout, you're likely to squeeze shorts and move the market in your favor. Atleast for a short period of time. And yeah I understand the a mean reverting market on the daily is a trending market on a smaller time frame.

>> No.49722956

>>49722867
>what do you get inside,
this is the way it works with these scam memberships

they'll pick a shitcoin, and then they'll buy some of said shitcoin themselves.

then they'll get all their retarded members to buy this shitcoin as some kind of super secret insider info (usually a low volume coin they can move).

this then pumps the price up; at which point, the leader of this super secret group dumps on his members for maximum profit.

if your lucky and ride the wave maybe you'll make something, but the primary goal is to pump the group leaders bags. do no participate in this illegal market manipulation act

>> No.49723050

>>49722463
trading tops and bottoms is how I do it. but the trading style I am interested in is suited to it. i hate drawdown and would rather get stopped out multiple times and re-enter instead of holding something in the red. it is what works for me.

>> No.49723126

If they are all scammers for selling,

How the fuck can I get to be "Friends" or at least, in some chat group with somebody who is not a total retard?

only looking at video of somebody trading live gives me enough insight so I feel comfortable and even get the right idea, but the second stream cuts out, I am left alone and I fuck up something.

>> No.49723139

>>49722901
without being able to pre-emptively enter the break out trade (before it is broken out) the rr is too low in so many instances, especially in a lower volume market like this past week. i like minimim 5r before i even think about entering

>> No.49723196

Just read some real books like market wizards instead

>> No.49723231

TA is a waste of time.
Everyone is literally gambling
Everyone except the giga whales and exchanges. Those are rich enough that they can manipulate the charts to go any way they want it.

>> No.49723262

>>49723050
Nothing wrong with that as long as you have solid risk management and positive expectancy.
>>49723139
Depends on your size and time frame. For me, that's a breakout from 30k to 20k. Do you trade all in all out? I take off half or more with a price target and leave runners. Why limit your upside on a big move?

>> No.49723377

>>49723262
ah yeah i see what you mean. i trade intraday on minute time frames with profit targets automatically calculated for intraday, but if i catch a minute pattern going in the same direction as an hourly-daily etc pattern i am more likely to let it run. sometimes i take 1/3 off at the intraday target, sometimes none. it depends on how the market is behaving.

>> No.49723411

>>49723262
do u use footprint charts for momentum trading?

>> No.49723507

footprint has what inside as info, amount traded? number of trades? how does that help you compared to candles?

>> No.49723635

>>49723507
yeah it has the candle info, showing market trades. idk how it helps , i am starting to use it to see if it helps. i think it will help me at the very least cut bad trades earlier.

>> No.49723691

>>49723411
Nah. But I have tried using them when I used to scalp. Along with heavy use of doms, volume profile etc.. I just realized that it wasn't for me. Leave it to the algos. It's still useful I'd you are trying to pinpoint an entry though. I'm not sure how useful it would be in crypto though because trading volume is so decentralized. Great for futures.

>> No.49724058

>>49721924
fpbp. Go full quant or get REKT.

>> No.49724214

I did a little googleing...

Seams like Crypto Kirby is a scammer
"VIP" costs something like 0.5 BTC

And for Fortiflyes Sami, somebody took the time to even upload vid to youtube about getting scammed in 2018, gave him only one LTC trade that failed lol.
Maybe he learned something in last 4 years, or he just banking money from suckers... somehow if he is just scamming everybody I find it hard to believe still, there would be more videos and pissed of people...

in some way only finding out one "Bad review" on whole youtube is kinda what I would expect from any venture.

There are some other that are much more affordable, like $30 or something, I just might try that, I lost more on my last trade.

There is also some Free signals group;
coin_signals on telegram
( t dot me slash s slash coin_signals )

Looks they just paste some random info, not bad, not very helpful, zero trade entries

>> No.49724308

>>49722444
>>49721924
this. you dont even have to use python, there are brokers who let you write your conditions in their bot tabs

>> No.49724385

>>49722131
>>49721924
i've looked a bit at those on the strategy tester on tradingview. both from the community and their own basic ones based on indicators and they're kind of shit. most return close to 0%, most of the time in the negative.

add to that commission/spread and you'll have a hard time. especially when the market goes very volatile very fast and you have flash crashes or flash pumps which might hit your sl/tp. i got right fucked by this these days and im still pissed about ti

>> No.49724389
File: 4 KB, 257x196, bobo.jpg [View same] [iqdb] [saucenao] [google]
49724389

Anyone want to form a /biz/ trading group? NO ZOOMERS, poors and scammers allowed.

>> No.49724426

>>49721892
>i dont have time to DCA???
>i dont want to trade
then what the fuck are you after? go play the lottery

>> No.49724557

>>49724389
sure,

what do you mean by "poors", what is minimum capital needed?

>> No.49724609

>>49721892
Everyone is a scammer, even your mom

>> No.49724652

>>49722117
buy high, sell low

>> No.49724729

>>49724389
what do we need, discord or some shit?
will we get banned from discord after 2 hours?

>> No.49724885
File: 62 KB, 709x531, henlo.png [View same] [iqdb] [saucenao] [google]
49724885

>>49724389
come on bobo, lets do this, dont be a nigger

>> No.49725031

>>49724389
Its why most discord groups do charge fees, to keep out time wasters and scammers.
Ill join your faggy group, but I get a cushy title and to have my balls sucked on a regular basis. I already know this will be a shitshow so ill likely bail before too long
>t. trader anon

>> No.49725074

>>49725031
id also like to get in. im just starting to take this shit seriously, so far i've mostly gamlbed on whims and feelings and i did ok, but i'd like to see some strategy and what you people use

>> No.49725130

>>49724389
im part of a bunch of groups, there is some decent info in some but it is too unprofessional. just log your trades and make a wordpress blog or smth and if you show good trades with proof you will get a community going. discord and telegram etc are too fast and lightly moderated to keep it academic. if u paot trades to a blog at least you can present a thesis and have a discussion on it

>> No.49725223

>>49725031
ok trader anon,
you want to create discord group, you can be the bossman...
If I create it I will make you admin or whatver, I never created discord groups so I dont know what the fuck I am doing,

we can try to moderate shitshow with banning what is here to loose

>> No.49725364

>>49725223
dudes if you are just beginner traders what is the point? log 3 months of trades. you guys are going to waste time talking on discord when all you need
to do is find and develop a system and be consistent with it and practice good risk managament. what is going to happen probably is you are going to make a stupid discord, post stupid memes and joke abot how much money you are losing thereby subconciously making a ngmi attitude and listening to others talk about losing money

dudes it just sounds like a ngmi idea

>> No.49725431

>>49725364
why dont we even have trading sticky or daily thread, it literally can not be worse than general random /biz/
I would take daily trading thread but theres no such thing, just bunch of shitposting

and I did get some good feedback here from time to time

>> No.49725538

>>49725223
>>49725031
>>49724885
>>49724389
1. Jeets are allowed but no scammers
2. Zoom zooms are allowed but will be made fun of, doubly so if they have the brocoli top hair cut
3. Any mention of a shitcoin (we all know the type) is auto ban, I trade mainly stocks anyways

Ill make a room in a little bit.
>>49725431
Ive considered making a Trading General, if it has interest id post some various trade ideaa/set ups and shit like that.

>>49725364
You get out whatever youre willing to put in. This isnt a loss porn /wsb room, i will shit all over your bad trades, have you explain why you took them, what set up they were, target price, stop loss, risk/reward etc...

>> No.49725645

>>49724058
Why would anyone with good sense of investment go full on a single particular project when there are several to choose from like pancakeswap for it's enduring security in DeFi or Equilibrium for it's several crowdfunding benefits for other projects e.t.c. There are just several others.

>> No.49725734
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49725734

>>49725538
>Ill make a room in a little bit.

please deliver

>> No.49725858

in other news... coin is dropping below 20400
20800 was some kind of "resistance", but last bounce was from 20089
general feeling is telling me it will just go down in waves with some minor bounces like from 20089.

will this just slide below 20k without effort, it looks so, but something is telling me some kind of bounce would be expected, I just do not see how, but am still too scared to open a short from here

>> No.49726345
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49726345

its edging closer and closer to 20k,
if it start going down do I fomo in, at what point?
fuck.

>> No.49726406

Bro literally just short

Are you fucking stupid?

I even do 10x leverage confortably nowadays

Thats where the money is

>> No.49726427
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49726427

I just identified short entry... after I missed it.

>> No.49726507

>>49726406

shhort now here? 20244?
the second I open it it will fucking bounce up in my face

>> No.49726527
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49726527

>>49725645
Always a good idea to diversify and spread your funds.

I've got BTC ETH MATIC for blue chips
VRA and UNI for mid caps and XPRESS MTV for low caps.

>> No.49726530

Any entry is a good entry

Even for 5x

Shitcoins go down average 2-5% per day

>> No.49726553

>>49722822
Haha
I was about telling the annon to get on the staking pools of platforms like Biswap, equilibrium and Acala for some passive income instead of getting burnt trying to trade spot.

>> No.49727037

>>49726527
Anon gets it.
Nothing beats a well balanced and allocated portfolio.

I've got eyes on CryptoXpress too, you think they'll survive the bear market?

>> No.49727064

if everybody is feeling it will brake down, does that mean it will bounce, RSI is bottoming out, primed for pump,
Asian markets open soon 30min cca?

>> No.49727201

>>49725734
I can't remember the rules on posting discords on /biz, don't wanna get banned. Post your discord name # and I'll invite you and then you can repost the discord on here for other frens kek

>> No.49727229

>>49726530
In a way, you aren't wrong. People are generally obsessed with finding the perfect entry. That's why selling trading strategies to gullible people is so effective. But what really makes you successful in the long run is limiting your downside. Cut your losses short, let your winners run etc... I'm sure you've heard it before.. If you wanna survive long enough in this game to make it, you're gonna have to keep your losses small in order to generate a large sample size.

>> No.49727251

>>49727037
If they're able to keep up with some of the exciting plans they have for the year, regardless of whatever market we're in, it's going to be a good year for them.

>> No.49727291

>>49721892
Anon i can write a trading bot for you for $200.

>> No.49727380

>>49727201
put it in a pastebin, post pastebin link

>> No.49727424

>>49727201
or tell me when you are ready to read

>> No.49727512

>>49727251
Fingers crossed on that.
Team is showing dedication and I think they know what they want.

>> No.49727685

>>49727201
sound off, ready?

>> No.49727821
File: 3.00 MB, 1920x1080, McDonaldsOpenUp!.webm [View same] [iqdb] [saucenao] [google]
49727821

>>49727380
>>49725538
https://pastebin.com/GMUz9KaF - For /Biz frens only, anyone interested in trading discussion, legitimate conversation, questions, set ups and stocks/cryptos to put onto your watchlist. No selling services or trying to be a scamming little jeet fuck nugget.
1. No shitcoins ever = instaban
2. No spamming stupid garbage (dank memes are acceptable in moderation)
3. I don't give a shit about your 1000% trade, especially if you only had $200 in it.
4. Be prepared to have your shit trades criticized. You improve from criticism.
5. No porn, it's a distraction we're here for $
6. My availability to post and discuss shit is obviously relative to how many people actually show up. Since I'm wagering probably 2-3 people will waddle in, don't expect too much activity.
7. I'm borderline retarded

>> No.49727902

Join the chart guys YouTube channel for free and go to free school at babypips

>> No.49728092

>>49721892
For $10k worth of BTC on advance I will tell you who the best traders in the world are, heck I will point you to a free torrent with some of their older material.
Respond to the comment if anybody is interested.

>> No.49728170
File: 66 KB, 987x483, MultipleTimeFrameAnalysis1.jpg [View same] [iqdb] [saucenao] [google]
49728170

>>49724389
you'r up bobo

dis^cord gg slashX5kVcCPM

>> No.49728553

>>49728170
I pay a lot of attention to how that second entry long plays out. Sometimes it's a nice little bull trap for opening short positions.

>> No.49728560

Hodl is a meme.
Dca is a meme.
It's a never a bad time to buy is a meme.

It's better to wait for big dumps and then accumulate. (Like this one) imo

I wouldn't have lost thousands if I just waited and bought

>> No.49728826

can somebody repost that 3AC FUD?

>> No.49728976

>>49721892
>>49721892
>>49721892
I use gareth soloway swing trading service
$100 a month
I follow his trades signals
Learn a lil bit watching vids about TA
Up way more than $100 a month
My IRA is looking much betta
During this whole bed shitting last few weeks
I'm still gaining
Everybody else I know had their legs chopped off
He has a crypto service that I'm not in
Should be the same shit
Swing signals
I took the plunge after watching him for the last few years
And two main reasons
1 he has the same macro picture as shiff and others
2 his calls are on point
He called 20k bitcoin at like 60k
GL out there bro

>> No.49729024

>>49728976
Just too add
He is 100% TA based in his trades
Can learn alot about that from him
I like this investing style as you make money when the market surges, falls, or crabs

>> No.49729079

I’ll be accused of shilling, but I joined a random group called illiquid capital when it had 60 members and it grew into probably the only good alpha discord out there. Crypto scammers like wizardofsoho post their shitcoins and positions in there and a lot of people made a lot of money. Remember the gm coin craze last year? Started and pumped by that group, people in there turned 2k in 1m+.

>> No.49729137

>>49721892
biz is entirely shills and memes. don't listen to any suggestion like this. infact this whole thread was probably made by an OP using multiple IPs in order to shill.

>> No.49729181

>>49729079
Also, I literally met Drake Bell from Drake and Josh in there and he followed me on Instagram so I would buy his NFT scam lmao

>> No.49729198

>>49721892
>I don't have time
If you don't have time, you need to make time. This is your main problem that cannot be coded or purchased away

>> No.49729214

>>49729024
>>49728976
To reiterate
He has Austrian school macro outlook
But is long term bullish on bitcoin
But all that takes a back seat to the charts for him
Pure TA plays
But he knows the big picture so wont get blindsided like other TA guys that have no idea what is happening "behind the scenes"
And he sends trades
You could just literally follow along and only make trades he does
His swing service is at about an 80% success rate

>> No.49729290

I've just been buying gold because it's easier

>> No.49729377

>>49729214
I had no idea, seen him on tube but he has no channel so I never looked,
will check it out,
best info and review in whole thread, tnx.

>>49729198
>If you don't have time, you need to make time.
tough shit,

dont have money for trading, get a job, dont have time, make time, no wonder 99% new traders fail, and no wonder so many scammers selling vip groups, people are desperate, and used to "Buy time with money" for all kids of services and shit

>> No.49730302

>>49729377
:)

>> No.49730473

>>49724058
TA is not quant lmao idiot

>> No.49730502
File: 587 KB, 1920x1080, berkshire-hathaway-chairman-ceo-warren-buffett_shutterstock_editorial_10227728a.jpg [View same] [iqdb] [saucenao] [google]
49730502

>>49721892
Just invest 50% in Berkshire Hathaway and 50% in Vanguard S&P 500 and stop worrying or thinking about any of this and get on with your life. It's actually that easy. Yea, things will dip every now and then but 30 years from now you'll be fine.

>> No.49730529

extreme cringe thread

>> No.49730965

>>49727229
i let my losses run and cut my winning trades short. am i doing good?
the classic buy high sell low strategy

>> No.49731003

>>49727291
what would your trading bot strategy consist of