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/biz/ - Business & Finance

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53821908 No.53821908 [Reply] [Original]

>buy at support
>sell at resistance

Sounds like free money, why doesnt it work ?

>> No.53821921

I buy when it pumps and sell when it dumps. I made money despite going against common wisdom.

>> No.53822064

>sell at resistance
>miss the bullrun

>> No.53822121

because your "algorithm" is based on the false assumption that support and resistance are rigid metrics that you are capable of measuring, and beyond that includes no way to minimize losses at times when support gets broken

>> No.53822129

Don't place large orders retard, make small orders and spread them out, you're supposed to DCA out of a bullrun and DCA in during a bear market.
I do 100$ a day orders (buying and selling).
currently buying, will sell during the bullrun

>> No.53822229
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if it does not work then do the opposite
it's what we all are doing anon