/biz/ - Business & Finance

[Anonymous No.7665878]

>tfw scalping shitcoins using 1min rsi + macd
Surely I can't be the only one here doing this? It's free money

[Anonymous No.7666147]

why do it when a bot can do it for u

[Anonymous No.7666161]

which exchanges and how do u start doing this?

thanks SIR from INDIA

[Anonymous No.7666268]

how is it worth it after fees? seriously

[Anonymous No.7666272]

The profit you get from doing that isn't worth the effort desu.
You'd be better off wagecucking.

[Anonymous No.7666290]

>>7665878
Newfag here. What the fuck are you doing?

[Anonymous No.7666293]

have fun reporting those taxes buddy lmao

[Anonymous No.7666325]

>>7666272
I've made $800 today retard
>>7666268
Use binance there's practically no fees
>>7666161
Go on youtube and learn what the RSI and MACD indicators do

[Anonymous No.7666340]

>>7666272
not true, you can easily make $1

[Anonymous No.7666389]

>>7666325
>I've made $800 today retard
Post a single week of you making more than 1-2% a day doing this.

You can't.

[Anonymous No.7666402]

>>7666389
He is currently in inspect element editing all his trades as we speak. screenshot coming soon

[Anonymous No.7666418]

>>7666293

Binance doesn't enforce KYC dumbass. I'm using a fake name and email there, u mad?

[Anonymous No.7666421]

>>7666325
>>7666389
I mean, a consistent $800 per day is more than enough for me. :p

[Anonymous No.7666426]

>>7665878
you beginner luck

[Anonymous No.7666428]

>>7666418
Hi, What about when you want to cash out? Will you just claim $0 cost basis?

[Anonymous No.7666444]

>>7666389
if you scalp with a pool of $10k 1-2% a day is $100-$200 a day. you can then use that to invest in long term holds/swing trade or pay for groceries/rent.

[Anonymous No.7666482]

Also, can you be a little more detailed about your strategy?

[Anonymous No.7666496]

>>7666389
It's easy to make 1-2% in 30 minutes. You're never going to make it. Take a break from /biz/ and go learn something for once.

[Anonymous No.7666512]

Accurately describe your strat and I’ll code it up in TradingView and post the backtest.

[Anonymous No.7666536]

>>7666482
>buy when rsi is oversold and macd about to crossover
>sell when i've made money
>don't be greedy

[Anonymous No.7666566]

>>7666389
Do you have any idea how much 1% compounded day over a year is you brainlet?

[Anonymous No.7666578]

>>7666418
ok you fucking retard lmao have fun claiming 0 cost basis when you cash out you fucking 15 year old retarded kid
just showed how fucking retarded you really are there mate grats

[Anonymous No.7666598]

>>7665878
just do that for good coins that you dont mind holding bags for and youve already won

[Anonymous No.7666642]

>>7666536
Smart move to do that. I've been doing that, but trying with the hour indicators.

Easier to do it at market price. I've thought about trying it with GDAX and using limit orders to reduce my costs. Got taxes, but them fees ain't gonna get me. Just less likely to hit my goal.

[Anonymous No.7666681]

>1min rsi/macd
you're gonna JUST yourself, use at least 15 min, NEVER 1 min.

[Anonymous No.7666689]

>>7666598
He means buy Link.

[Anonymous No.7666695]

How to rsi on binance app I do trading on brick phone

[Anonymous No.7666717]

>>7666536
do you use stochRSI? or regular? and I cant seem to get both MACD and RSI up at the same time.

[Anonymous No.7666780]

sent ;)

[Anonymous No.7666815]

>>7666566
You can't use compounded interest on scalping, the liquidity isn't there.

I can barely get anything more than a 1 btc limit buy/sell filled when the price fluctiation is 2-5%

[Anonymous No.7666833]

>>7666695
Newest version of it had full screen mode for mine (Samsung Note 3). Load it up, click on "Trades" at the bottom and then look in the top left for what looks like three bars. Click on then in the middle-right, you'll be able to select "Full". On the far right of the full screen are some indicators. EMA, BOLL, RSI, MACD, etc.

[Anonymous No.7666845]

>>7666496
On average you think you make 1-2% per 30 minutes?

[Anonymous No.7666862]

>>7666598

Yep. My bot's basically using this strategy on NULS and ETH right now. Shit is fantastic....I don't bother closing "Losing" positions with stops, I just hold em & open new ones. Both are gonna moon, who gives a shit which I'm holding slightly more of?

[Anonymous No.7666873]

>>7666845
u should be making that much if you're buying low before reversals. that's why you use cheating indicators.
t. daytraderfag

[Anonymous No.7666877]

>>7666717
Use Binance windows client.

[Anonymous No.7666885]

>>7666402
this

op is a larp or retard, maybe both

[Anonymous No.7666913]

>>7666877
hmm weird. I am. If I have MACD up and want to add RSI, it just replaces it on the bottom

[Anonymous No.7666944]

>>7666428
>>7666578

No? When I cash out I'll claim my initial bitcoin investment as the cost basis. They won't know shit about my binance trades. Are you samefags retarded?

[Anonymous No.7666985]

>>7666877
Is it a pretty decent client? I've been using their web system, but it'll act wonky at times during login.

>>7666913
I have that problem too.
Been using a dual screen setup with one on Binance and one on Trading View with the exchange's info pulled up. Worth the free account IMO.

[Anonymous No.7666992]

>>7666913
windows client. not browser. try dragging the bottom part with open orders down maybe your screen res too small

[Anonymous No.7667041]

>>7666293
>>7666402
>>7666578
>>7666885
>/biz/raeli makes a thread about an easy way to make money
>nocoiners bottomsellers and noprofits come out of the woodwork to try to shit all over it
the absolute state

[Anonymous No.7667057]

>>7665878

>expending valuable time and effort scalping a few bucks on tiny swings instead of simply holding

You're gonna do well until you sell "the top" and get too scared to jump back in and end up watching it break the ATH while you sit in cash like the pussy you are.

[Anonymous No.7667074]

you need to be wrong just 1 time and you are fucked but good luck

[Anonymous No.7667125]

>>7666944
>oh hey, heres these documents that have my cost basis and here's how much I'm cashing out, i know it literally doesn't add up whatsoever and you're a governemnt agency designed to shit on people like me, but please dont ask about my binance trades!

the absolute state of delusional retards

[Anonymous No.7667178]

>>7666290
RSI is some over bought/sold ratio calculated by periods of time. He buys when low, e.g. 30%, and sells when high, e.g. 80%. Some anon mentioned that this is a 101 tier trading bot algo.

[Anonymous No.7667249]

>>7666666

[Anonymous No.7667254]

>>7666421
> judging projected daily earnings based on the biggest bull day this year

[Anonymous No.7667265]

>>7666873
>1% every 30 minutes
>1.01**16 for 8 hours work
>1.01**(16*365) for a years work

You're going to run out of liquidity in the markets as soon as you start making more than pennies. Scalping is the absolute worst way to make money. All it does is ensures that you'll lose money vs bots eventually and waste your waking hours making fuck all.

[Anonymous No.7667297]

>>7667265
>Scalping is the absolute worst way to make money

ughhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh WHY DOES IT SOUND SO TRUE WHEN YOU SAY IT LIKE THAT I THOUGHT I COULD QUIT MY JOB AFTER OPENING THIS THREAD

[Anonymous No.7667359]

>>7666566
~3778x
What memescheme is this?

[Anonymous No.7667848]

>>7667057
dumb fuckin retard getting attached to a coin. ok so? just jump to the next coin.

[Anonymous No.7667895]

>>7667848

More work and effort to scalp a few more % (provided you don't lose any trades, mind you) while I sit back and let the greater market currents carry me to profit

[Anonymous No.7668238]

The strategy works you just need massive fucking balls and to accept that you can lose 2% in a minute

[Anonymous No.7668273]

>>7666444
Yeah except if you make a bad trade you can -50% your stack.