/biz/ - Business & Finance

[Anonymous No.9101768]

>TA is a meme and doesn't work.

[Anonymous No.9101801]

>>9101768
>ponzies are a meme and doesn't work
>chinese ico's are a meme and doesnt't work
>investing in stocks is a meme and doesn't work

everything works if you are smart enough
problem is 99% of people arent

[Anonymous No.9101823]

>>9101768
At this rate, you'll be a multimillionaire in a month or so. Hit us back up when you get there. We'll be waiting.

[Anonymous No.9101859]

>>9101768
don't be a faggot and show us your indicators

[Anonymous No.9101903]

>>9101859
Bollinger Bands, RSI and MACD. 15m dildos. 25x leverage, layer in and out of every trade you make to maximize profits and avoid liquidation. Take losses when you need to. It just werks.

[Anonymous No.9101929]

based op

[Anonymous No.9101945]

>>9101903
what do you mean by layering in n out?

also, how frequent do you trade? 25x seems a healthy leverage for a small capital, so that makes sense. But how much do you put into each trade percentage-wise

[Anonymous No.9102103]

>50x in 3 weeks.
>Too dumb to post a screenshot.

[Anonymous No.9102115]

>>9101945
Pretty sure he means averaging up or down.

[Anonymous No.9102151]

>>9101903
>Bollinger Bands, RSI and MACD
Unironically the best setup.

[Anonymous No.9102165]

>>9102103
At least it’s not vertical

[Anonymous No.9102202]

>>9102151

Yep, this is a winner right here. No shit, I use the same indicators & get the same result. Fucking easy money.

[Anonymous No.9102238]

>TA
>crypto

[Anonymous No.9102274]

>>9101823

You do know that at a certain point, your position sizes have to level out since there's only so much liquidity on the order book? And so yeah - you can't just go exponential for months on end? But that doesn't matter as it's still WAY more money than wagecucking, and you can use the profits to buy into icos, trade on regular exchanges too, other shit to multiply the gains? You are a trader right and not a worthless faggot who sits judging winners from the sidelines out of pure jealousy that you lack the balls to commit to learning a basic skillset?

[Anonymous No.9102316]

>>9102274
That was my point. I live with the liquidity issue daily and I only have 160k. I used to make 10% a day trading. Then 9 then 8 and so on. Now a good day is 2 or 3 percent. Still gonna end the year with a million. Gets harder though.

[Anonymous No.9102327]

>>9102238
>Brainlet

It's a simple (and highly effective) mean reversion strategy. Add in checking for s&r zones, and watching the trend at higher timescales and it's great. OP literally posted his gains. You just lose don't you anon?

[Anonymous No.9102354]

>>9102274
In my opinion the dream isn't to be a multi millionaire, but to comfly swing trade a few 25k stacks and live off tye gains.

[Anonymous No.9102359]

>>9102316

Ah, thought you were saying he's lying. My bad. Yeah, he either knows or he'll discover it soon enough. Meh, beats flipping burgers!

[Anonymous No.9102415]

>>9102354

Yep, good dream. You can still be a multi-millionaire too - just invest the gains into other shit too like I say. With this funding you, getting there's gonna be easy as fuck for you anon. Good luck!

[Anonymous No.9102445]

>>9102202
May I ask what your criteria for an entry or exit are? Also what time frame and leverage do you use?

[Anonymous No.9102484]

>>9101768
Posting just in case, but gud job.

[Anonymous No.9102672]

I love how people think you can become a billionare in a year but often there's not enough liquidity in the market for 100k trades.

[Anonymous No.9102685]

>>9102672
Never said I thought I could. Still very happy with my gains.

[Anonymous No.9102692]

>>9102484
dwarf hookers, huh. That's good advice.

[Anonymous No.9102707]

>>9101768
>I made a profit on gambling this month

[Anonymous No.9102731]

>>9102707
Seriously, that faggot has around 4 lucky gambles the rest were losses or sideways gains.

[Anonymous No.9102733]

>>9102484
damn. really jogs the nog.

i made $25k last year off of $3k in OMG. never sold. i want to take this advice but right now i feel like the market is primed and ready to run again.

[Anonymous No.9102758]

>>9102731
Post your gains then.

[Anonymous No.9102769]

Don t fall for the Bitmex shill idiots

[Anonymous No.9102792]

>>9101903
My nigga. Dose my favorite indicators.

[Anonymous No.9102844]

You cant possibly be waiting for all 3 indicators to say buy or sell at the same time cuz there's like 0 opportunities when backtesting that strat.

Are you buying/selling a % each time a single indicator says to do so? I think that's what you're doing.

[Anonymous No.9102867]

>>9101768
>numerous academics of which some even got a nobel price deemed TA to be absolutely worthless
>some random uneducated crypto gambler wants to nullify that with a dataset consisting of like 20 entries
sure m8. how wrong of us to not believe in ta. ist so clear now.

also making profits while the market trend is upwards is so hard you fuckwit. you could have traded based on the weather and still would have made profits. that doesnt make it less stupid and random tho

please go away you are embarrassing the whole board

and before you come back get an education in statistics and finance.

>inb4 youtube, reddit and 4chan do not count as education

[Anonymous No.9102881]

>>9101903
What do you use the bbands for? Just buying/selling when it reaches extreme ends of the band?

[Anonymous No.9102902]

>>9102867
>he still falls for the "numerous academics of which some even got a nobel price" meme

[Anonymous No.9102931]

>>9102902
>facts are now memes
ye because those papers are all just fake and you cant read them like for free or something

please gtfo... you are as worthless as ta... who would have thought that

[Anonymous No.9102960]

>>9101768

> Hold my beer.

[Anonymous No.9102961]

>>9102931
not even defending ta just mocking you for falling for the academics and nobel price opinions matter more meme

[Anonymous No.9103124]

>>9102961
Yeah, for real. Even besides ta, anybody that actually believes you can't beat the market just cuz some economists that never even tried say you can't deserves to be poor. Besides, this isn't the stock market and it isn't nearly as efficient.
That said, I respect science and I'm not saying everybody can just jump off the porch and get rich trading. Most people will get slaughtered trying to day trade. But it can be done despite what Paul "the internet is a meme" Kruggman thinks about it.

[Anonymous No.9103139]

>>9103124
i also respect science but social sciences are soft and should be treated as such

[Anonymous No.9103177]

>>9102327
good ol' regression

[Anonymous No.9103188]

>>9102672
>I love how people think you can become a billionare in a year but often there's not enough liquidity in the market for 100k trades.
you're on a board surrounded by people who can't even comprehend that altcoins can't be measured in fiat, much less concepts like liquidity

[Anonymous No.9103300]

loaded up 90$ for the funz on bitmex. when long/short? indicators are kinda in the middle right now.

[Anonymous No.9103399]

>>9103300
Wait until they say something then.
But my naked, zoomed out chart says long

[Anonymous No.9103538]

>>9101768
How realistic is it for me to make 5% per day on my BitMex stack? I've started yesterday and I got a 6% done. Shooting for 5% again today. If i'd be able to do this for half a year I could quit.

[Anonymous No.9103558]

>>9103538
>How realistic is it for me to make 5% per day
Only you know that answer.

(Its unrealistic because you will have bad days and even losing streaks)

[Anonymous No.9103628]

>>9103558
How do you prevent yourself from closing a winning trade that can bring more profits in?
Do you ever close positions to early? What did you do to prevent yourself from doing that again?

[Anonymous No.9103684]

>>9103628
I have a system where I take out 66 to 75% of my position at 2 or 3 different support/resistances respectively.
After that I let the remaining 33 or 25% ride without worries until it's clear that we're done.

What other people do is move their stoploss up.
Say you get in a long with your stop just under the last swing low. The price goes up, makes a higher low and keeps going, then you'd move your stop to just under the new higher low.

The point is to systematize risk management and most importantly, once you have a working set of rules, dont second guess them and mess with your stoploss or takeprofit levels

[Anonymous No.9103772]

>>9102327
>It's a simple (and highly effective) mean reversion strategy. Add in checking for s&r zones, and watching the trend at higher timescales and it's great. OP literally posted his gains. You just lose don't you anon?

WOW, very nice, very cute. Instead, I preferred to completely ignore any kinf of TA, and just put some bucks on a hidden gem, and it already 15x in one month. Much easier and effortless.

[Anonymous No.9103813]

>>9103772
y not both

[Anonymous No.9104098]

>what's tail risk

[Anonymous No.9104104]

>picking up pennies in front of steamrollers

[Anonymous No.9104571]

>>9102931
Check out Taleb's "fooled by randomness" book. Do it. Anyone thinking about trading should read this book first

[Anonymous No.9105448]

>>9101768
why is his fee 0?

[Anonymous No.9105895]

>>9101903
what is the benefit of using both macd and rsi?

i never use macd so im curious

[Anonymous No.9105912]

>>9101903
are crypto macd settings changed at all? 12/26/9 is based on a 6 day trading week

7 day would be 14/30/10 i think

[Anonymous No.9106453]

>>9101768
you day-traded during this part (note: BTC starts at $6800 ends at $9000)

your table shows 6 days where you lost small amounts, this graph shows 7 days where BTC declined.

so you longed on leverage during an extended 3 week long bull run.