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/biz/ - Business & Finance


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30154654 No.30154654 [Reply] [Original]

How do you join the 10%
>Elliot wave theory
>Support/Resistance
>Divergence
>Moving averages
>RSI
>Histogram

I've tried all of these and none of them work. What is the secret?
>If I tell you then I wont be profitable

There's not enough people on /biz/ to rattle the market. The odds of me trading at the same time as you on the same pair and timefrime are impossible. Fuck HODL chads.... You were right.

>> No.30154704

>>30154654
Buy low and sell high

>> No.30154874

>>30154704
>Buy low
>Price red dildos beneath your entry
>Short high
>price green dildos above entry

>> No.30155051
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30155051

>>30154654
Before I buy, I ask myself 'how long do I intend to hold' and 'at what point will I consider this a success and sell
Be objective and stick to the goalposts - but be willing to move them if needed.
When you make a shitty trade, have a retrospective on it. Keep a diary. Why did it suck? What can i do in future to avoid this, if anything?
Buy a lucky fingerbox and use it correctly

>> No.30155183

Join theta gang, it's boring but pretty impossible to fuck up.

>> No.30155228
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30155228

The mouth of the girl who had lain long in the rushes
looked so nibbled.
When they opened her chest, her esophagus was so holey.
Finally in a bower under the diaphragm
they found a nest of young rats.
One little thing lay dead.
The others were living off kidneys and liver
drinking the cold blood and had
had themselves a beautiful youth.
And just as beautiful and quick was their death:
the lot of them were thrown into the water.
Ah, will you hearken at the little muzzles’ oinks!

>> No.30155315

>>30154654
>Buy something
>Don't sell it for less

WOOOOOOOOOOOOOOOOOW

>> No.30155369

>>30154654
Gut feeling

>> No.30155572

I really can't tell you, but you are getting warmer if you know those things aren't working.

Why don't you just modify your entries and exits?

>> No.30155723

>>30154654
MultipleTFA, moving averages and price action. And patience. Fucking patience kek

>> No.30155777

>>30154654
What I've learned in 3 weeks of trading is that it's almost entirely about having a strong emotional makeup. Even with my weak ass grasp of TA I come up with good strategies. The reason they were failing for me was because I was either getting out of good trades too early out of fear of losing ANY money or getting into bad trades due to fomo.

Almost any trader you hear will tell you that they lost money for years before they became profitable, the trick seems to be that you have to do it for a long time and take all emotion out of it. Come up with good strategies and execute them like a robot. You can't be too greedy because that will throw off your risk management and cause you to act up.

Like I said, I've been at this for three weeks and I've managed to almost double my money despite the whole market going down and sideways. I imagine I'll do better when we get back on track.

>> No.30155778
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30155778

>>30154654
>90% of Traders Lose Money
I actually don't believe it.

>> No.30155954

>>30155778
It's specifically about day traders and predates the rise of cryptocurrency trading

>> No.30155986

>>30154654
Time in the market, or just plain luck for short-term shit. Simple as.

Go look at like literally anything that's way up these days, and go back years in the chart --- just look at all the IM FINANCIALLY RUINED tier papernigger points that'd make emotional trannies sell all their shit. Now look at how small they look on the zoomed out chart.
All you have to do is hold on to your shit -- works for shares, and works for crypto.

>> No.30156020

>>30155777
Blessed with a great post and trips. You will make it. Kek wills it

>> No.30156091
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30156091

>>30154654
Dont trade. Technical analysis is, in my opinion, the greatest financial psyop that was ever invented. The indicators are all lagging, giving the false impression that you can predict price corrections in live time. You look back at charts and go
>whoa! The RSI was diverging there! That was an obviously great trade setup!
When in reality it was the price ticking down which made the RSI move by association. As he describes in vid related
https://youtu.be/DfyNXTz4TD4

People don't realize that indicators give the illusion of the tail wagging the dog. Fuck TA. Far more intelligent people than you or I have been rekt in the markets. Just buy something you believe in and hold it. Stop hurting your mental health by being wrong 90% of the time which will make you lose confidence and trust in yourself

>> No.30156122

Look at 90 percent of top 100 tokens. All have done at least a 2x in the past year. Holding anything that isn’t shit would have put you in the green.
You don’t lose money by not selling low

>> No.30156316

>>30154654
by not being retarded and realizing you dont know shit about finance, the reason that number is so high is because any schmuck normie NPC can make an account and start trading and think they're making money and that includes a majority of /biz/ anons. Educate yourself and train hard, you dont expect people to not have education in a trade and know how to do it well, same applies for finance only its more dangerous because you're literally throwing money away when you dont know what you're doing

>> No.30156321

Lost half of my money in the January dump but I've been trying to earn it back. these are my current rules:

buy low sell high
never fomo, dont buy something that has already pumped >30% over the last 48 hours
follow BTC religiously, if BTC dumps your coin will dump harder.
I follow the wolf of wall street newsletter and a couple of trading groups in telegram (i dont pay for premium channels)

>> No.30156344

>>30155986
What about cases where you hold and it doesn't recover? How common are those

>> No.30156472

>>30155572
>I really can't tell you
What is it about being a successful trader that makes people so cynical and hate their fellow man having success?

>> No.30156551

>>30156321
please tell me you didn't sell in Jan when Feb was just around the corner.

>> No.30156553

>>30154654
>What is the secret?
Expect the money you invest is already lost, then find a company or project you believe will succeed then pour money into it as if it's already lost. Keep cost averaging and have patience. If you swing pump and dumps, you will get burned eventually unless you know damn well what you're doing. Truly though, having patience is 90% of the way there. Most people don't have the patience to sit through a downturn but if you believe in the company you invest in, downturns are only loses when you sell.

>> No.30156737

>>30155778
You mean the FX markets. Yes you right.
Even the Goldman sachsfags lose money. The market is manipulated and designed to eat you up hence why no specific strategy works 100% of the time, to my knowledge anyway. As the above anon said the key is in yourself to master the emotion. You need to be fluid and know how the specific asset works and behaves. Only time and many losses will give you this wisdom, and even then you will slip up here and there.
Crypto seems more comfy as long as your not a skitzo trannie and just hodl kek

>> No.30156823

>>30155777
Can you share which strategies have been working for you? So far the best advice I've gotten was deleting RSI and MACD. I've realized this shit actually encourages me to trade against the trend like described in >>30156091

Gonna take a break and blow off some steam before considering getting back into it

>> No.30156846

>>30154654
Honestly just don't trade and just invest.
Investing is the business of making money, trading is the business of taking it. There's to many variables stacked against you if you don't have your shit together to trade profitably.

If you insist on being a trader because you believe the fucking larps on this board then fucking seek out some actual education and not some dumb cunt click bait youtube shit

GL lad

>> No.30156851

>>30155777
lucky 7's, YGMI fren
>I was either getting out of good trades too early out of fear of losing ANY money or getting into bad trades due to fomo
yep, money comes and goes, don't expect to always win but if you sell at a loss, you're going to lose and don't fomo, if an investment is already pumping, you're already too late.
>take all emotion out of it. Come up with good strategies
great advice
>I've been at this for three weeks
if you can manage your emotional stress during a bear market, you're good but if you think you're a hotshot during a bull run, instant NGMI status

>> No.30156863

forget about TA and use options to give yourself a mathematical advantage.

Sell bull put spreads on SPY as a way to ride the market up
Trade volatility on individual stocks with iron condors and and butterfly spreads

>> No.30157188

Most TA won't work on a majority of altcoins. Whales with (relatively) small position of like $100k represent massive candlesticks. TA is meant to symbolize overall market behavior, but that's irrelevant when one dude can just shoot a massive green dildo when everyone thinks an impulsive move is losing steam.

If you're gonna trade anything other than btc or eth, only ONLY use support/resistance as buy/sell signals. Fuck all your gay indicators lol delete them and just have a chart, volume, and moving averages.

>> No.30157332

>>30157188
does ta work for large volume stuff like btc

>> No.30157451

After losing 10k I've realized the secret to trading. Just don't lose money

>> No.30157507

>>30155183
What exactly do you do? Do you exclusively write options or do you buy options with favorable theta as well?
Also how much dosh does it make compared to flipping pennies and shitcoins?

>> No.30157671

>>30157332
Yes. Theres an actual large enough volume for market psychology to be relevant on btc. Buy/sell walls isnt just one manipulative faggot whale. Its exceptionally difficult to be a market maker on btc when a million dollar trade is barely even a small tick on the chart.

>> No.30157741

>>30154654
time in the market beats timing in the market.
If you think crypto is overall bullish like I do then you continuously buy in average costing in and sell after you've made enough.

>> No.30157752

>>30154874
Get better at identifying when something is high and when something is low.

>> No.30157889

>>30155315
Buys mobi in 2017. Still holding.

>> No.30157932
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30157932

>>30157451
Cryptonewfag here. How the fuck do you lose $10k? From a shitcoin dump?

>> No.30158134

>>30157752
I'm trying to gitgud but keep being wrong basically every time. Idk how it's even possible to be as much of a shitter as me

>> No.30158161

>>30157188
Based 88 posting

>> No.30158206

>>30154654
stop being a faggot, I x20 my portfolio in two months and I don't give a fuck about TA, memelines or shit, just either hold good projects or gamble at defi.

>> No.30158246

>>30158206
Ngmi

>> No.30158278

>>30154654
what most people won't tell you is having good pattern recognition skills. to sub-consciously sift through the pnd's and the gems is a skill that must be honed. in my case, 7 months and about to enter 6 figure hell

>> No.30158333

>>30156472
You have to experience it for yourself

>> No.30158366

macroeconomic factors and buying oversold stock
technicals are mostly shit, aside from trying to buy at support where possible, I consider volume the best indicator

>> No.30158458

The problem is most people trade with money they need. If you are rich, you can afford to let that money sit in a stock till it goes up

>> No.30158500
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30158500

>>30154654

You're missing "Risk Management"

>> No.30158572

Buy -> Hold -> Stake build while running the rice and beans perk

>> No.30158578

>>30156472
Because YOU need to know whether a security is cheap (buy) or expensive (sell). Others can't tell you that because everyone has different time lengths of thinking. A day trader vs a swing trader vs an investor look at returns differently, and price entries and exits accordingly. Start slow. If something looks cheap, buy SOME. Don't ape into it. If it gets cheaper to you, buy more. When it feels expensive, start selling some.

This is easier to learn in a bull market. Trying to learn in a bear market is expensive.

>> No.30158604

>>30156823
I have a small amount of money to begin with so I'm looking to make the most out of market action. I have a couple of strategies. One was to look at charts and see where a coing might be breaking through previous resistance if it were to break out. Then I see where that price would be and I set up an alert to tell me when it's getting there. Once you've watched some of these mega pumps happen you'll notice that prive usually tests resistance a few times before breaking through. So I look to see that price is consolidating close to the resistance level, basically building up some steam before blast off. The problem is that just because the price breaks through doesn't mean its going to keep going, so you have to be patient and wait for the breakthrough to be confirmed with a test of that level (i.e does it bounce up off previous resistance--turning it into support for the next movement).

Alternatively you can get into the movement when it's swinging low, that way you can either ride the breakthrough or jump out at the rejection and still make a profit.

Doing this requires a hell of a lot of time and patience though. If I wasn't at home getting gov checks because my workplace had to close I would just buy and hodl. So much easier really.

>> No.30158638

>>30158578
T.
>>30158333
Also checked

>> No.30158690

>>30158246
Fuck off, in crypto TA only works with btc and eth, try memelines and swingtrading on alts and you are just gonna lose money/part of your stacks while retards who only buy get richer and richer.

>> No.30158764

>>30158690
OP asked about trading in general.

>> No.30158814

>>30156472
Because every trade has a winner and a loser

>> No.30158821

>>30154654
- Stick to day trading blue chips. When you buy BTC you know even if it dips it's gonna go up again at some point. If you don't want to take a loss you can just hold.
- Ladder your buys and sells so you don't get bogged all the time. And always keep a part of your stack in reserve to buy the huge corrections we have every once in a while.
You can literally have 100% winning trades by buying the right shit. That said, eventually you're gonna buy in and the crash will happen and you'll get fucked, so make sure you move profits every now and then else where.

>> No.30158824

>>30158690
What if, you never paid cash nor gave your identity for any crypto? And your stack is fixed?

>> No.30158888

The average retard is a bag holder - they only buy after the gains have been made. They buy when it's green and panic sell when it's red.

>> No.30158898

>>30158206
>20x in 2 months
HOW

>> No.30158900

>>30155778
They count quitters. It fucks up the average.

>> No.30159012
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30159012

>>30154654
How do you join the 10%
>Elliot wave theory
>Support/Resistance
>Divergence
>Moving averages
>RSI
>Histogram

I've tried all of these and none of them work. What is the secret?

He still believes that charts are the way to buy and sell stocks...

This is why you lose. You are lazy.

>> No.30159102

>>30157932
if you browse /biz/ or fall for shills then you'll probably buy a shitcoin and get rugpulled. Look at the catalog in /biz/ these days its just pajeets shilling to each other with shitty memes

>> No.30159126

>>30159012
other than having insider information or having autistic intuition to recognize severely underbought/overbought positions, i refuse to believe there is a way to consistently make money on day trading.

>> No.30159131

>>30154654
gut feel

>> No.30159316

Congrats on escaping the 90%. You've realized that daytrading is a scam meant for whales and exchanges to swallow up all your wagie checks.

>> No.30159317

>>30155986
Survivor bias. So many shit coins were held to literally 0

>> No.30159398

>>30157932
HODL'd a bunch of /biz/ meme coins like rubic, asko, reef, dxsale, etc. after they pumped

>> No.30159463
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>>30154704
Un ironically this. Buy high meaning you buy a 20 day high. This can be anything. 10-50 days works well for crypto. Then pick your exit number. In this case 10. After an entry, sell when it hits a 10 day low. Same goes for shorts but the opposite. Entry Sell 20 day low, exit short 10 day high. This strategy works. I’ve run the back tests and do it for fun. BTC/ETH 10,000% 5 years. It doesn’t beat buy and hold but nothing does.

>> No.30159528

>>30154654
don't be a trader but an investor.
Base your buys on fundamentals instead of TA, and aim for medium to long term profits instead of short term profits.

>> No.30159628

>>30154704
Buy low and sell high is a scam. Buy high (when it smashes resistance) and sell even higher. Short low (through support floors) and sell even lower. Retards who buy dips get fucked when the "dip" wasn't actually a dip but rather an intense impulsive dump

>> No.30159635
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>>30159316
I don't day trade I actually have a job but I've made $3K the last couple of months by "swinging" what started as $500 on the weekends. I basically buy when it's really low on sundays then sell tuesday/wednesday. This is the last week I do that thought as I believe this weekend is when it goes down the shitter for real. My gut feeling made me money so far but I'm not shorting like retards do, I'm not a gambler just a clever programmer :)

>> No.30159703

>>30159126
Day trading is stupid, but read everything up on what you are buying...know it so much, you can recite to people quickly and succinctly, exactly why it is a buy. This is the obvious thing that commoners just don't do because it is far easier to be impulsive and buy something on feel or 'muh charts.'

Again, this is why you lose.

Also, not attacking you personally anon, this is just a general rant.

>> No.30159706

>>30155778
I think its options traders

>> No.30159720

>>30158898
Started with 200 so I wasn't attached to the money at all, got early on both bunny and egg and was lucky on buying GRT, FTM before they mooned, same with bnb. Also managed to do a x15 on Wynaut by being early. Could have been already at 5 figs if I hadn't lose almost half my profits on bsc scamcoins.
Honestly almost every week there is a x5.

>> No.30159743

>>30155228
Nice

>> No.30159790
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>>30158134
Tip for you (nobody knows this tip and I'm pretty sure I'm the only one who figured it out because I'm a high iq stonk genius that makes stacks every single day)
>line go ka thunk
that's fake
>line goes brrrrrrrrrrrrrrrrr (ticker cycles through a billion different prices)
that's real
>>30158278
Yes absolutely. Math ruins traders. You'd be suprised at what the human brain can accomplish in terms of pattern recognition with the stress of 1000s of dollars on the line. To algos or bots can replicate that (yet).

Took me 3 years just staring at charts on Adderall to reach a point where I'd made it.

>> No.30159853

>>30159790
No*

>> No.30159859

>>30159720
>$200
ok just as i thought. gambling $200 is nothing. try gambling your newfound $4000 portfolio on 99% scams and pull another 20x, i dare you.

>> No.30159899

>>30154654
Relatively new to trading, I longed something today and thought I messed up only to later find out it peaked in between and I somehow didn't even notice it like an ADHD retard and didn't sell, don't know how that happened, fml. But this is an example for you of how you learn valuable lessons, at least that's how I'm treating it, I'm probably never missing something like that again. My advice would be to just start testing and learning with tiny amounts or even just imagine where you would buy/sell, draw a line there and see whether you were right. Repeat a decent amount of times until you feel comfortable doing it with money.

>> No.30159915

>>30154654
Literally did no research and 3x'd my folio, even put some in XRP. Most of it is all tethered up before the dips started. Most of what I made was on ETH. I started trading 8 months ago.

>> No.30159957

>>30154654
Stop buying pajeet garbage. Only trade stocks and crypto that you feel are undervalued. And never sell at a loss. If that means you have to baghold for years then so be it.

>> No.30159996

BUY RED IN INCREMENTS, SELL GREEN IN INCREMENTS

>> No.30160094

>>30159126
The only thing that ever works is buying lighting fast breakouts at 1-2% and a stop loss like 0.2% below your entry, then getting the fuck out almost immediately. You'll get absolutely rekt if you rely on shit like indicators daytrading or anything that isnt strictly based on resistances and supports.

Chart patterns are ok because they're still based on SAR and price action. F U C K anything that isnt price action, as I've learnt the hard way. I wanna puke any time I see an RSI or MACD chart

>> No.30160169

>>30160094
>stop loss
>below your entry
you're doing it wrong.

>> No.30160206

this thread has a lot of truthpilled folks so nothing to add really
TA is LITERALLY confirmation bias with tarot reading. it only serves in hindsight as many anons pointed out. buy when you think its low. sometimes you might have to baghold, and it sucks, but thats just the way it is

>> No.30160274

>>30160169
It's the one thing thats been working for me after many trials on failed strategies.
>he doesn't stop loss below breakouts
So how do you avoid fake outs which in my experience are at least 30% of all resistance breaks?

>> No.30160294

>>30154654
Stop margin trading retard

>> No.30160387

>>30160206
>TA is LITERALLY confirmation bias
Lol based retard.
TA tells you where traders will buy something. That's extremely useful on low volume days, or on days without clear direction.
TA is about predicting people, and people-predicting algos. The rest is just a matter time/volume.

>> No.30160457

>>30160274
Put a stop loss slightly above your entry, its better to be stopped out with a small profit and miss some gains than to lose money .

>> No.30160473
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>>30160294
I get how important risk management is. But my problem is how abhorrently trash my win rate is. Id still be losing tons on spot trades. Again, I don't have an issue with emotions and obeying my stops, I'm just always fucking stopped and never right about anything

>> No.30160496

90% go into the market to gamble like a retard
>Hurr durr signals signals
>Goo goo gaa gaa too high too high sell sell sell too low too loww buy buy buy

10% do actually trade like owning a convenience store
>Hm one of my assets have started moving
>Sell a little amount at high range here
>Buy some for cheap over here
>Alright that ends my day, think I am gonna hold
>I dont really care if it dumps

>> No.30160623

buy 5/8ths of the way up and sell 7/8ths of the way up. Never buy the bottom or sell the top if you want consistency. Just buy the middle and sell the middle.

>> No.30160747
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[ERROR]

>>30154654
indicators are bullshit
pic related

>> No.30160838

>>30160747
>just do it bro
>chase a pump and dump
Based paperhanded trader
Is that nigga's name literally "stocks" ?

>> No.30160927

>>30156321
>follow BTC religiously, if BTC dumps your coin will dump harder.
This, after I was stupidly only analysing my shitcoins alone, turns out if you analyse BTC (can include ETH and LINK) you can really read the market easily and trade your alts easy.

Btc chart is all you need. Thats why pros never bother showing you their shitcoins chart. I wish I realized this sooner.

>> No.30161097

>>30154654
Go all in on chainlink and wait 5 years

>> No.30161255
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[ERROR]

i have been doing margin trading for a week, and my average for trades under a day is about 18% profit, & turned 0.4 btc to about 0.85. I can outline my strategy if ppl are curious.

>> No.30161331

Also, if you're going to assume something is going up in price, make sure it's also been rising on a longer timescale (or dropping if you assume it's going down), never try to buy and sell higher on a downward slope or short on an upward slope (it's perfectly feasible, but not worth the risk at least for me). Considering this, when opening positions that you were planning on closing the same day, always check what's going on with that day on the daily charts. That way you can mess up a buy/long, but if the price is generally in a sustainable upward trend it will probably do you a favor and go up later or you can just keep it open for a few days and it should rise eventually.

>> No.30161518
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>>30161255
>margin trading
>for a week
i look forward to your pink wojaks

>> No.30161578

>>30160387
what happens when traders dont buy following technical analysis (which happens)? this should disprove TA, but these tarot readers ALWAYS find a way to explain ANYTHING that happens EVER with TA. it is impossible to refute because it does not have any possible way to disprove it because it is tautological GARBAGE.
https://en.wikipedia.org/wiki/Tautology_(logic)
take the intuitonpill

>> No.30161810

>>30155778
Same with that business closing statistic. A lot of this is absolute bullshit and the stats would drastically change when you
>disregard literal retards
>disregard people who heard about trading, did no research or education, traded for a week and then quit (because they lost money)

>> No.30161854

>>30160094
>F U C K anything that isnt price action, as I've learnt the hard way

Basically Fibs, volume. and a couple volume indicators as secondary support. I'm partial to on balance volume and vwap. Knowing how many people bought at certain price ranges is massive. Is a present time indicator compared to everything else being lagging. The biggest thing too is that you need to use a plethora of time frames to make your decisions and high time frames beat out smaller ones if they have contradictory signals.

>> No.30161963

>>30161255
Yes plz help a nigger out

>> No.30162030

>>30154874
You have to learn how to be sharp, ive held my phone in my hand so many fucking times on a coin that was plus 15% and didn't sell, only to break even then watch it plummet sun night. Now i just take profits immediately and wait for the big weekend dip to buy, fighting off fomo the whole time.

>> No.30162202

>>30161578
>something that happens 90% of the time is the same as tarot cards
Nothing is 100% sure, but more oft than not algos and traders will buy at a resistance, sell at a support. Whether we break those are the actions of people who invest, MM, hedgies etc.

But either way there is ALWAYS more volume at those points so you can't really discount them as existing. Someone's eating that liquidity.

>> No.30162235
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Seperate what you want/need to happen to whats actually happening.
Markets and crypto more so, does whatever the fuck it feels like.
Back track similar movements, but accept that it wont necessarily do the same.
Track whats going on right now with the bigger picture.
At the small-scale movements are relatively predictable, i.e. 3-4% swings. But after the flailing around make sure youre in or out depending on whats going on in the bigger picture.
Dont trade full stack. More certainty = take more risk in a movement. Worst case a wrong move is dilluted w what you did not buy/sell. Be patient but not too patient, recognize & accept when something is free-falling or pumping. You may have not made the full 20% pump/dump but at least you made 15%.
Not trading full-stack also removes some of the emotion.
If youre using margin treat it like a whore. Take it and leave it at your convenience without attachment. It can be heavy baggage and destroy days/weeks of success.
and most importantly: remember youre a retard, never let it get to your head - its not from your greatness that you made a successful trade.

>> No.30162471

>>30160747
I bet his strategy works but retards will rightfully interpret it as buy high sell low and get nuked

>> No.30162511
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Lose money. Haha don't be ridiculous.

>> No.30162699

>>30162235
This is great advice, thank you. Screenshotting this to look at every now and then

>> No.30163027

>>30161518
you have a commie mindset of not wanting to see other people get rich. you are NGMI

>>30161963
I trade on the 45m chart using Market Cipher indicator, only long in bull market, 3x leverage so it's hard to get liquidated, also have stop limits WHILE i am in profit. E.g, while I am 10% in profit, i put a stop limit at 5% profit, so even in worst case scenario the price crashes while I sleep, i wake up to a few k in profit. Locking in realized profits gives you a guarantee of profit, and also wiggle room if the price continues to go up.

>> No.30163041

>>30154654
Bro I just uhh, win good once and then don't spend more then that. How are people losing during the money print season. I don't fucking know shit other then "Get in early, check distribution and figure out if there's a way to rug and evaluate risk"

I don't always do my research but I've turned 205 usd into like 3000 last 14 days through a number of goodish trades. Starting to feel spooked but reminding myself to be careful.

Maybe it's because I'm not needful? I don't need this money so I can act more rationally.

>> No.30163120

>>30155723
Define "price action"? Different traders see this differently

>> No.30163207
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>>30162699
wagmi
dont get disheartened w some losses. I made a 3% loss yday hoping for a deeper second shoulder, if it makes you feel any better.

>> No.30163452

Take profit. Control your fomo. Write down everything ie why you entered a trade, what your target is. Etc

>> No.30163524

>>30154654
buy high sell higher retart

>> No.30163583
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>>30154654
Buy $TON from tokamak and you will join the 10%....they are pumping like crazy now

>> No.30163831

>>30154654
the only way to make money trading is to own an exchange

>> No.30163926

>>30156863
>iron condors
ok, fragilista

>> No.30163973

>>30154654

Just stop buying and selling all the time. If you think there is a way to game the market, the market corrects. The only way you can do anything close to that is by having tons of connections and money to artificially inflate and deflate demand through sketchy/illegal tactics.

Just diversify your investments there is some math to this, and be patient. Don't act like a gambling addict.

>> No.30164135

>>30163027
Nice. I'm gonna look into this

>> No.30164250

>>30154874
>>Buy low
>>Price red dildos beneath your entry
>>Short high
>>price green dildos above entry

how long are your trades?

>> No.30164502

>>30154654
Invest in long term banking institutions from multiple (wh*te) counties.

>the rich need the rich to stay rich in order to be rich.

>> No.30164592

>>30154654
trading short time frames (daily, even weekly, even monthly) is hard. the shorter the time frame the harder it is. don't let anyone tell you it's easy. You have to put in a lot of work for it to work. check out what decent traders say like that degen @salsatekila
All my short term returns are losing to medicore.
The only time it's been easier for me is multi-month/ yearly trades. Those are black swans where I'm profitable. On my stock account for instance I was on the sidelines for 2 freaking years.

>> No.30164658

>>30163027
indarasting, thank you anon. About this indicator, if i'm a noob, how do i approach it? I read about this specific indicator and learn this way or how do i use it?

>> No.30165076

This is actually a great threas for once

>> No.30165410

>>30154654
Dude it's fucking simple. Keep your ear out for people saying something is undervalued, and do research into why it is undervalued. If you aren't an NPC and can make sense of things for yourself this should be easy. Also don't invest money you may need later for something, be willing to lose it all.

>> No.30165902

>>30156472
It's not that he's cynical. It's that he literally can't tell you. None of them can tell you. There's nothing truly rational about trading that can be articulated with logical consistency, it's just gambling on vague hunches that don't mean anything and then the winners draw a bunch of made up hindcasting lines on charts to tell you a story about how they made money because they're so smart.

Then they do it again drawing more lines and lose money. But it doesn't matter, because there's another guy who made money at the same time drawing more lines and telling you a new story about how *he's* the special smart one. And the cycle goes on.

It's literally just gambling, with a slight edge over a casino inasmuch as most of the games aren't literally rigged to make the house win with mathematical certainty >50% of the time.

>> No.30166398
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>>30154654
really easy

Have 100% of capital

Use 10% to buy coin

coin goes down .. buy again at support using 10%

again

again

again


.... DCA down average buy price ...

what goes down must go up ...

sell when you break even or profit

-----------------
coin goes up .. buy using 10%

more goes up .. buy using 10%
more
more more

suddenly coin is reversing ? sell for profit

... maybe use 5% instead of 10% ...

>> No.30166497

>>30166398
ive been doing this just alone on btc and honestly, it seems too easy i feel like i'm about to get burnt big time

I'm moving only 6k~ but I made like 500 dollars casuually, every now and then, looking at the btc price and making a decision the past 2 weeks

idk

>> No.30166641

>>30156737

No shit. The stock market is beyond bogus. Why anyone still plays is beyond me. This 9 to 5 retail shit with nights weekends holidays reserved for the big players is insane. I guess the system took care of boomers and their parents so it made sense to them. All I see is a fucking trap. Made my gme money. Sold the Friday after Elon tweeted and liquidated all stonks. The stock market is done. I might check back after the next crash.

>> No.30166678

>>30166497
as long as you are not leveraging and trading a tier 1 coin ... eventually your losses will get canceled

anyways never buy at ATH