DAYTRADING

[Anonymous No.7546858]

redpill me /biz

Is daytrading really just meme?
people have been successful with it so I think it really depends on how you do it
But I got into it yesterday, predicted a downtrend since 8800. I tried to catch falling knives and ended up losing 75% of my entire holdings

I FUCKING SOLD MY LINK FOR THIS

Anyhow, what Indicators do you use?
any success?

[Anonymous No.7546884]

>>7546858
95% of all day traders lose everything

5% sure as hell aren't showing you how to make money on youtube

[Anonymous No.7546894]

>>7546858
What was the total of your holdings? 100 bucks?

[Anonymous No.7546906]

>>7546894
.4btc
Yes, I'm a poorfag

[Anonymous No.7546924]

if you are day trading and you are not a robot it will probably not end well

[Anonymous No.7546931]

>>7546884
do the 5% use TA and common indicators or is it all just a meme?

[Anonymous No.7546955]

>>7546924
how do I decrease this probability?

[Anonymous No.7546964]

>>7546924
Daytrading is a sure way to lose money, if you actually plan on trading then you should do month or 6 month trading, anything less will and you will get rekt by Bots

[Anonymous No.7547058]

>>7546964
I would said the same thing myself after losing money
but the thing is
people do actually make money off of it.
how do I become part of the 5%?

[Anonymous No.7547069]

>>7546955
don't get emotionally attached to your money

[Anonymous No.7547073]

>>7546858
>I FUCKING SOLD MY LINK
end yourself. that was the worst decision of your life

[Anonymous No.7547137]

>>7547069
got it
what else?

[Anonymous No.7547158]

>>7547073
well, I have to increase my stack don't I?
daytrading is just a means to an end for me
to increase my stack

[Anonymous No.7547171]

>>7547137
don't take advice from people on /biz/

[Anonymous No.7547186]

>>7546858
I tried it and suck at it, lost like $100 that way
it's not a whole lot in the grand scheme of things but it made me realize I was delusional about the whole trading thing

[Anonymous No.7547257]

>>7547171
some people here actually give good advice
or at least they did before Q4 last year

>>7547186
winners don't quit
unless it's that hopeless

[Anonymous No.7547305]

>>7546858
how the fuck did you lose 75% of your money if you predicted a downtrend from 8.8k and we're at 8k atm?

[Anonymous No.7547334]

>>7547305
thought I could time the market on the few upswings
I also closed too soon on a lot of my trades
I feel like a retard

[Anonymous No.7547338]

>>7546858
Link me discord and I'll talk to you abiut it in person

[Anonymous No.7547350]

>>7546858
>>7546858

It is not a meme, but you're going to have to do some of your own research and figure out ho to apply TA well. The most important thing you should keep in mind is that TA is never a predictor, but it does incredibly well at analyzing market sentiment and identifying long-term highs and lows. Your best bet is to do research on TA patterns and try to apply them to previous crypto charts, obscuring the rest and guessing the result. You will learn over time

Also, not everyone does TA well. Lots of terrible charts out there. Stick with fundamentals and you will be fine.

[Anonymous No.7547372]

I've made about 2.2k off of trading in the past three hours with the volatility. I'm not even very good at it.

[Anonymous No.7547374]

If you don't want to link yours -
discord gg/dgBb7z

[Anonymous No.7547375]

>>7546858

How is that possible ? It down trended 10% and you lost 75% ?????
Unless you literally made like 15 trades in a row selling bottom and buying top I don't think thats even slightly realistic.

[Anonymous No.7547404]

I don't think day trading is so bad in markets like we had recently. It enabled me to increase my holdings today, even though the market dropped as a whole. I would have lost more money if I had just held everything, no matter which coin it was (I'm not using tether, because that defeats the purpose of cryptos).

[Anonymous No.7547425]

Don't go all in, ever. Limit your exposure when day trading- don't risk more than 5% of your capital, and always have an out.

[Anonymous No.7547428]

>>7547350

can you point me to where I can learn more about it?

youtube vids don't seem so good at it

>>7547375
I'll upload my order history in a while

>>7547372
teach me
>>7547374
pajeet?

[Anonymous No.7547432]

easy buy high sell low but you go short.how the fuck is that hard?

[Anonymous No.7547497]

>>7547425
5% won't let me do much :(

>>7547404
>>7547372
do you think we're going up?

[Anonymous No.7547503]

>>7547334
unless you are a bot I don't think trying to time every fluctuation ends very well.

[Anonymous No.7547532]

>>7546858
>But I got into it yesterday, predicted a downtrend since 8800
if it's a downtrend why the fuck are you buying and not shorting

[Anonymous No.7547550]

If you are going to day trade do it on the 4hr candles and always have a reason for taking the position you are taking

[Anonymous No.7547554]

>>7546858
https://www.youtube.com/watch?v=9lSK2lV_YKY

[Anonymous No.7547577]

>>7547375
I can't find out how to download historical data
I don't know how to work with the api

[Anonymous No.7547616]

>>7547554
what the actual fuck?

[Anonymous No.7547633]

>>7547497
The point is that you make gradual growth. If you go all in all the time, you risk your entire capital. Sometimes that can pay off, but as you just experienced, you need to be able to walk away from any position if you're gonna last.

>>7547550
This. You need to know what your expectation is, and gauge risk/reward. Reflect on your strategies, keep detailed logs, and improve on them.

[Anonymous No.7547649]

>>7547532
cause I'm retarded and tried to catch falling knives
>>7547550
ayt thanks

[Anonymous No.7547667]

>>7547577
Jesus, we're not gonna handhold you. If you can't work with an API, don't. Grab a csv somewhere and fuck off to excel.

[Anonymous No.7547673]

>>7547577
>historical data
>cant figure out api
>but i will risk everything i have
dude.maybe just maybe this isn't for you

[Anonymous No.7547721]

>>7547633
how much leverage do you use?
it's hard to make a lot with 5% on .1 btc

[Anonymous No.7547733]

>>7546858
Trade btc/doge it's super easy almost not impossible to lose

[Anonymous No.7547930]

>>7547428
>>7547428

Make a temporary email and message me at [e-mail] with GuerillaMail. I'll send you a chat link, and we can talk further.

[Anonymous No.7547984]

>>7547554
https://www.youtube.com/watch?v=pwsKq4uUA3s

[Anonymous No.7548019]

>>7546858
The top day trader on ETORO is up 800% this month, and he's not even buying coins just betting on the at high cost.

[Anonymous No.7548086]

>>7547721
then use 50x leverage you twat

[Anonymous No.7548175]

>>7547930
just sent you an email
did you get my file?

[Anonymous No.7548210]

>>7548175

Yes, and I have replied

[Anonymous No.7548232]

>>7547503
How is it possible for bots to prevent you from making gains? If I place a buy order lower than the asking price and a sell order higher than the asking price, will bots perpetually trade sideways until I cancel my orders?

[Anonymous No.7548265]

>>7548232
no, they can't

[Anonymous No.7548483]

How do you daytrade without getting eaten by the fees?

[Anonymous No.7548586]

How do i use MACD? Is it like RSI? I already am using that so is there a point in using MACD as well? Like if there is a divergence between RSI and MACD what does that mean?

[Anonymous No.7548597]

>>7548483
Are you trying to trade on GDAX?

[Anonymous No.7548613]

>>7548483
you qualify for a rebate on bitmex if you're the maker

[Anonymous No.7548623]

>>7547497

No idea. Gdax whale making if interesting. I am tethered atm so I am betting on down

[Anonymous No.7548800]

>>7547058
risk management you utter fucking moron

you lost 75% of your stack because you took waaay too much risk

[Anonymous No.7548965]

>>7546858

its not a meme, its literally free money

just set %2 trailing stops and buy/sell on RSI crosses

[Anonymous No.7549023]

>>7548965
got it
thanks
>>7548800
yeahhh
learned my expensive lesson
it's retarded in hindsight

[Anonymous No.7549064]

>>7547058
>how do I become part of the 5%?
bots

[Anonymous No.7549099]

don't fall for the daytrading meme unless you are part of a group, if you have no friends to trade with you join this discord

MPKXung

[Anonymous No.7549148]

>>7549064
>>7547058

bots are for passive income or arbitrage, you don't need them to actually make profit

[Anonymous No.7549240]

>>7549099
>MPKXung
pajeet?
I'll bite

[Anonymous No.7549267]

>>7548965
>RSI crosses
Relative Strength Index crosses? what does that mean?

[Anonymous No.7549318]

>>7549267

yep, when the two lines cross buy/sell, has a pretty decent success rate, paired with a simple %2 trailing stop if you get pretty much more than 50% trades correct you're making money

https://www.binaryoptions.net/rsi-crossover-entry-strategy-for-trending-markets/