/biz/ - Business & Finance

>>7251698
What are your favorite indicators or set of indicators?

Do you backtest your indicators?

Any recommendations for books or other resources?

>>7251734
of course he doesn't backtest anything.
if he had done that he'd know that he doesn't outperform the market with T.A.


you might as wel flip a fucking coin.

>>7251698
Noob here. Could you describe how you set your stop limits?

>>7251698
What's the next resist line and what's the next support line?

>>7251756
>if he had done that he'd know that he doesn't outperform the market with T.A.
I think that only applies to efficient markets, anon.

>>7251698
How high will btc bounce?

>>7251698
buy MCO it's gonna moon this month

>>7251698
Good fucking thread, you stupid canine

>>7251734
I use RSI, MACD and Bollinger Bands. I wait for a moment when the price either breaks the upper or lower band and then go long/short once the RSI drops below 30 or above 70 and close the position once the MACD trend slows down.

I can't really backtest this because I have no rigid rules that I use every time, but if I were to I would do it with Pine. However you can look at the history of 4 hour charts and how consistent my method is. Look for times where the BB is broken and the RSI gets low or high enough, there is ALWAYS a reaction on which you make gains.
>>7251756
That's just plain wrong.
>>7251780
It depends on what times frames you're trading. For example, if you trade small charts like 1m-5m you might set your stoploss at 0.5%, while 5% might be totally fine on 4 hour charts. I don't really use stoplosses myself, but constantly set alarms to keep track of price levels. Don't be scared to exit a bad trade, you don't want to become a bagholder.

Let's say you bought into something at 1k and it suddenly starts dropping hard, it's often worth it to sell at a loss and then to buy the dip further down.
>>7251784
BTCUSD?
>>7251942
I think it will hit 10,5k by tomorrow.
>>7252017
Thanks bro.

>>7252031
>Don't be scared to exit a bad trade, you don't want to become a bagholder.
BYHISELO

>>7252031
Yes BTC USD. As it turns out nothing is near escaping it's influence

>>7252096
8 and 12k, given how big the bounce yesterday was and how it failed to break 12k twice last week. Next small resistance is the middle of the BB, which sits at $9300, once we get past that we are clear to go up to 10k+ again.

>>7252031
Thanks. At what price will BTC start dropping again?

LARP thread? LARP thread

>>7252176
8k again? Was so sure it would be near 7k next time. Thanks

>>7251698

Where is the best place to learn?

>making between 10 and 30% a week.
Good job with your meme lines I made 1200%with common sense

>>7251698
>between 10 and 30%
i make this in a day swing trading, you're a huge faggot who think he can give advices. kys.

>>7252031
How do you predict when something is tanking hard or preparing for a bounce, buy volume? Also, what are your most efficient timeframes? 1m-5m is too jumpy for my taste.

>>7252031
I think it will hit 10,5k by tomorrow. my estimate aswell dead on

>>7252271
you do realize he beats you, right, you dumb faggot?

assume the average, 20%, and assume 4 months. it compounds.

>>7252333
Not necessarily, if you're trading with a fixed amount. Things often get harder with more volume and it's not possible to scale. When they say "I make n% a week" you must suppose they make it with a fixed lot

>>7251698
Are you the German /biz/bro who explained how to read RSI like a week ago? I remember that thread, that anon was doing God's work and you sound like him

>>7251698
Hey man, have you run anyu TA on VEN ? Any short term forcasts?

>>7252183
Hard to say, we'll need to wait for what happens on Monday. My plan is to sell tomorrow and then to wait.
>>7252203
You first.
>>7252269
The wiki of investopedia is pretty good. I suggest just googeling the indicator you want to learn about and then reading stuff. Don't listen too much to youtubers, many of them hype up their advice in order to gain views.
>>7252271
Great if that works out for you, we'll all make it.
>>7252277
If you make that much why are you posting on an Peruvian alpaca grooming board instead of lying in the sun on your own island, while getting sucked off by a top model?
>>7252289
Let's break it down really simple. If you see a price level at which people have bought large amounts of coins recently you know that there are buyers at this level. Now, if the price falls below this level there is an inicial shock and people become irrational and sell their coins for lower than they should, which drops the price lower and lower. So now you're not only in the price range of the people who bought last time, but also in the range of even more buyers and at some time enough buyers will be there to stop the drop and reverse the trend, at which point the first green candles start popping up, which leads to more people buying in = bounce. It's a bit like a rubber band, the more you flex it the harder it snaps back. Also trade 4 hour frames, it's literally the best.
>>7252308
Neat-o.
>>7252417
Ja, der bin ich tatsächlich.
>>7252440
Sorry, I don't trade alts, only BTC and ETH.

>>7252031
>Don't be scared to exit a bad trade
This. A quickly closed losing trade is a winning trade because you stop bleeding money. Don't use your emotions as an indicator though.

>>7252031
what chart interval do you use? 15m?

>10-30% a week

No you didn't lmao, if you had a $1k start you'd be a millionaire in a fucking year

>>7252594
See >>7252400

>>7252308
me3. we'll be above above 10k tomorrow. I think the price will stay below 12k for a while though since it was really strong support when the price was above this level which should make it strong resistance on the way back up.

>>7252031
it's not just plain wrong. if you actually researched T.A ( yes there are people who did backtest this stuff on years of stockmarket data) you would know than flipping a coin.

>>7252553
4 hours. 15 minutes is not a swing trader timeframe, it's for daytraders and then I would prefer 1 or 5 minutes depending on the market depth of your platform. However I do sometimes drop to lower timeframes in order to buy/sell at the best moments, but that's mostly just about 0,X% differences, all the important decisions are made on the big timeframes.
>>7252594
I'm neither in it for a year, nor did I start with 1k, also it becomes harder and harder to move up due to various reasons. But I think my general positivity and willingness to help you guys out should be an indicator of how satisfied I am with my current position though.

>>7252679
what point did you buy the dip at?

Blrpthsfess

Steuertipps für nen Deutschen Daytrader? Nur theoretische Szenarien natürlich.

Ich hab Verwandte im Ausland.

>>7252675
So, you're saying that the only difference between successful and unsuccessful traders is luck?
>>7252717
At the blue dots, the lower ones are bigger stacks than the upper ones. Didn't expect the drop to be quite this hard, but I'm still up 9% already. Red is my selling point for now.
>>7252723
Sprich mit nem Steuerberater. Ist nicht teuer und du kannst dir sicher sein, dass die Infos korrekt sind.

>>7252675
>years of stock market data
Those are efficient markets. You're drinking the "random walk" koolaid a bit too much

>>7252031
Which RSI and MACD period length do you use?

>>7252868
What platform do you trade on and what are the fees? Do you use any leverage?

Any tips you can give me so I stop getting rekt on bitmex? Like how far away to place my stop losses and how much leverage to use. I dont scalp so i prefer to catch huge tops and bottoms.

>>7252868
what music do you listen to when the prices plummit

>>7252508
Yeah, more or less what I pictured, thanks man. Although 4h seems pretty huge, don't you get bit in the ass when the market dips or X news come out? Do you leave trades open overnight?

>>7252946
I always recommend using the standard setting of the indicators that your platform provides because the indicators are self fulfilling prophecies, the more people use them the better they are. Apparently there are some arguments for using fibonacci numbers but I prefer to go with the herd.
>>7252992
Kraken. I think the starting fee is 0.16%, but it gets lower the more you trade. I do use leverage from time to time, but I really wouldn't suggest it, especially not if you're just starting out. If you buy a coin with your money and it drops really hard you can just hold it until it recovers or trade it against another coin, if you're in a margin trade and it drops really hard your ass will get liquidated.
>>7253063
What timeframes are you trading and how much leverage do you use and risky to you want to get?
>>7253083
I mostly listen to jump up DnB these days. Not sure if you like it, I think most people don't. Here, this is the track I'm listening to right now as I type this.

https://www.youtube.com/watch?v=M7MOrMppddY
>>7253109
I trade 4 hour candles specifically because a lot of the white noise vanishes. On smaller timeframes you can get quite a lot of big swings that make decisionmaking harder. And yes, I leave them open over night. I even set up trades well in advance. I logged in my trades for this dip on Sunday. Even made threads about it here. I've gotten really confident in my calls and I think part of that is because I learned to give up some control. There's really no benefit in autistically checking the charts every 5 minutes it just makes you do dumb things.

>>7253270
Do you think the bubble popped and we will see 3k btc in the next few months?

>>7253270
You trade btc and eth? Why both? Do you switch between them? It seems that they would both behave almost exactly the same price wise.

Do you day trade with alts?
I am afraid values can flip upon big news

>>7253270
>Kraken
I'm against trading on there because they have issues with orders disappearing. The devs acknowledged it and you only get a $20 complementary coupon if it happens

>>7253349
Hard to say. In the end it comes all down to what the people think, they might lose confidence and it will continue to go down but there's also a chance that they realize that BTC/ETH always bounces and start viewing it as failsafe in the long run.

As far as I'm concerned the price levels don't matter, cryptos are here to stay and as long as people want to earn money with them trading them will stay viable.
>>7253410
I'm in fiat most of the time and buy into ETH in dips, but every now and then there are situation where it's viable to temporarily trade that ETH for BTC before selling it again, but that's only fine tuning and not really needed. More than anything else it just eases the brain a bit by doing something.
>>7253479
Nope, I don't trade alts at all. All the 100x moves are tempting, but it's too risky for me, because they can also go 0,01x.
>>7253540
Kraken was fucking HORRENDOUS before the server update and I traded on Binance/Poloniex then, but since the update it's really good and I haven't had issues so far.

>>7253270
>What timeframes are you trading and how much leverage do you use and risky to you want to get?

Well I usually use the 3,15m, 1 and 4 hr to make an entry.

I always do between 50-75x

I'd like to get less risky since i have lost like 3 btc already and need to start making it back slowly withoit keeping getting rekt

>>7253646
Imo we are seeing a textbook bubble pop if btc reaches 10.5k I am shorting it with 1/3rd of my assets and let the rest chill to buy eth in dips

>>7253776
>I always do between 50-75x
Dude, stop. Holy fuck. That kind of leverage is far beyond good and evil. You need to take things way slower. You don't need to get rich RIGHT FUCKING NOW. Take it slow.
>>7253819
Yeah, I'll watch the market closely in about 24-30 hours. I plan on shorting, too. I'm just not sure how deep I want to do in. Might even go all out. Chinese new year is right around the corner, you can expect a dip from them cashing out alone.

>>7253985
I don't think we've seen real panic yet. I think that will happen mid to late next week, but first there will be 2-3 days of "recovery" and false hope.

>>7254043
agreed

>>7254043
Yeah, agreed. If we break the support from the last dip however we'll go into freefall mode. It's bound to happen at some point, but that really just a problem for HODLfags and normals. People like us will make sick gains. Also once things have collapsed we might finally shift back into a bull market, which is always nice.

>>7254173
bist schon finanziell unabhängig dadurch wenn ich fragen darf?

>>7254266
Ich könnte es sein, aber ich bin nicht drauf angewiesen. Der Plan ist es genug zu machen um später dieses Jahr Immobilien kaufen zu kaufen. Ne schöne Wohnung/Haus für mich und dann noch was zum vermieten damit ich mir um die Zukunft keine Gedanken mehr machen muss.

>>7253819
>>7254425
Why

>>7254425
>>7253819
Why are you guys still bearish ? It was just a 100% retracement, and we completed it

>>7254425
when did u start with how much and how much are you at now

I started with 2k in dec now at 57k euro

>>7253270
>I even set up trades well in advance.
how do you automate this?

Do you like sausages?

Ich habe aus 500 euro 10000 gemacht. Werde ich es machen?

>>7254616
I don't really believe in anything fibonacci related.
>>7254957
Started earlier with less, but have a bit more than you now.
>>7255166
Limit orders, my friend. Virtually every platform supports them.
>>7255453
Not really. I prefer steak.
>>7255486
Wir alle werden es machen.

What other indicators do you use?
How volume works, do you read each candle?

>just buy when RSI is low
That's IQ 89 tier. I doubt you made anything with that.

>>7252031
>but if I were to I would do it with Pine

Whats pine

So you trade mostly based on the 4hr?

>>7251698
What exchange do you use to daytrade/swing trade? Binance fees are too high to make any significant gains and kucoin volume is dogshit.

>>7255776
MACD, RSI and BB. Volume tells you where the big money is and the big money dictates what the market does and yes, you need to read every candle. Why wouldn't you?
>>7255810
That's because I don't "just buy when the RSI is low". There is no "when X do Y" that guarantees gains, you need to use your brain.
>>7255958
Pine is a script language that let's you set up buy/sell condition to test them on historic markets. 4 hours works best for me and I think it's a really popular timeframe for swing trading.
>>7256010
I trade on Kraken, which has higher fees than Binance and I'm doing fine. In daytrading fees will fuck you up, but when you swing trade it really doesn't matter.

>>7256010
Binance has the lowest fees compared to shittrex

OP why the kraken love over binance or bitfinex? I almost never hear kraken love and desu it has always seemed like a risky exchange to me.

>>7256174
It's not love, I just use it. I think all platforms have pros and cons. I like Kraken because I can use margin, trade in € and it has a nice trading platform. Also withdrawing fiat has been very quick for me the few times I've done it. That's it.

>>7256086
Ah. I'm just a slightly poorfag so I run into that issue.

>>7256174
Kraken is an actual exchange, with USD EUR and GBP pairs.
Binance and bitfinex are only btc eth and fake money tether "exchanges".

>>7252508
>many of them hype up their advice in order to gain views.

same with the retards on twitter. Theres is this one faggot eric choe that i cant stand

>>7256389
I think about it like that, if they were actually successful they wouldn't spend that much effort on trying to establish their online personas because they had better things to do.

>>7256498
i understand what you're saying. I literally watched this faggot dump into his followers though. Which pissed me off to no end. I called him on it and he blocked me on twitter

Sorry for super noob question but where do you get your 4 hour charts?

Ive used 3 different apps, binance, kraken app, etc.

None of them offer 4 hour charts. Well binance does but the charts hilariously bad and not at all representative.

Does desktop kraken offer them and not mobile?

>>7251698

What is your liquid to longterm investment ratio?

Ex., if trading BTC/ETH do you take profits in or hold either. Do you ever long term hold, buying at dips like the one we just had.

Is it possible to swing trade a monthly chart?

How exactly do I tell what good volume looks like? What am I looking for?

Also, do you use tradingview to analyze charts?

>>7256498
Welche Exchanges verwendest du denn?

Do you daytrade only on BTCUSD or also altcoins?

>>7256570
Trade on your PC. And if you really have to do it on your mobile use tabtrader. Pic related.

>>7256625
I don't hold anything long term right now, because I think things will be going down. I do plan on holding ETH in the future though. Don't think you should trade cryptos on a monthly cart, but daily is certainly possible.
>>7256709
You're looking for many buyers or sellers to determine support and resistance. I don't use tradingview, but it's great.
>>7256733
Kraken, only ETHEUR.

>>7256825
Wanna share your BTC and ETH chart?

thoughts on TD Sequential? i've tried it but it doesnt really seem to work out or maybe i'm using it wrong

>>7252031
>Pine
We need /g/ to the rescue.

>>7256825
What is your usual trade duration?

From my Fx days it was usual for trades based on 4H to last a couple of days. And for trades to appear just once a week in each pair.

How long do potential trades appear for you? How many trades do you make per week?

>>7256878
This is what I'm looking at.
>>7256885
Never tried it, but I'm generally not too fond of the more obscure indicators.
>>7257004
About 2-3 days. I usually make only 1-2 trades per week. I look where prices are going and set up layered orders. I start small and get bigger and then usually close the positions all in one stack. For a while now cryptos had a rather predictable dip every week, so I just try to catch that. The dream is buying below the BB and selling above it.

I'm from Europe, what do I do after tier 2 verification on Kraken? How can I fund my account sorry for brainletism

>>7257121
Do you have an app/technique to warn you about good entries? 4 hours is a pretty big window, wouldn't want to miss opportunities.

>>7257156
If you check the charts twice a day, there are only 3 new candles.

>>7257121
Next play seems to be a bounce down on the current support level. BTCUSD shows a failing bullish candle. Thoughts?

What do you think about ETHUSD? Also do you trade based on BTCUSD or BTCEUR?

>>7252031
>I wait for a moment when the price either breaks the upper or lower band and then go long/short once the RSI drops below 30 or above 70 and close the position once the MACD trend slows down.

using 4 hour candles? does this trend happen every week? i usually don't see the rsi go that low on a regular basis

>>7257143
Go for tier 3, you just need to upload a selfie holding up your ID. It's really easy just follow the instructions. Easiest way to fund it is with a SEPA transaction.
>>7257156
I usually make the decisions in advance. Right now I think that BTC and ETH will continue to recover for a while, so I've already set up my sell orders at 950€. No need for fine tuning. If I sell at that point I'm happy. The way I see it you shouldn't really focus too much on the little details.

Example, let's say you want to buy coin X at about $100 because you think it will go up. You wait a bit and no the time has come, the price is nearing $100 and you sit there and watch the price falling and think to your self "oh boy, it will go lower than $100, better place my order at $95!". Then what happens? It bounces from $96 to $110 and continues to go up to $150. Well fuck, you just missed out on a 50% move because you wanted to squeeze 5 more % out of it.
>>7257286
MACD has just crossed over, I'm pretty confident that it will continue to move up until tomorrow. You have to expect some swings right now because of the uncertainty after the dip, but once it break the middle BB FOMO will start to kick in. And yeah, I certainly look into other pairs, especially the bigger USD and USDT ones, because the order books tell you a lot and are often ahead of EUR pairs.
>>7257329
Doesn't happen often, but the RSI is not the end all be all of all indicators. Sometimes it's enough to just trade support and resistance. You just have to be aware of what is going on.

>>7257483
Can you give an example of both a good and bad trade you've made recently, like in the last 2 months or so?

>>7257121
pfffff Terran player

>>7257595
My best trade in the last two months was going allin with some margin on the pre-Xmas dip 2% before the bottom. Sold it for a 150% gain.

Worst trade I've made was buying the dip on the 17th and selling for just a few % on a bounce because I thought it was going to drop even deeper. Made me miss out big time.
>>7257685
Zerg actually.

What's a good 101-level resource for learning about this shit. I don't understand at all

>>7257483
Alright I deposited a bit of money, how long does it take for it to appear in kraken? Is it a problem if its not euro I assume they convert it right?

>>7257812
good man always for the swarm

>>7257821
https://www.investopedia.com/articles/technical/061801.asp

https://www.investopedia.com/terms/r/rsi.asp

https://www.investopedia.com/terms/m/macd.asp

https://www.investopedia.com/terms/b/bollingerbands.asp
>>7257824
Usually 1-2 business days. Dunno about other currencies, but I assume so.
>>7257833
Word.

>>7257935
IM GONNA MISS THE DIP MAN

>>7257935
Is "start buying stuff if everything is 30% down" a good tactic ? I've done this since january in these past few dips and my bottoms keep going higher and higher. Of course I'm still like 20% down from my ATH in december but I'm getting there.

>>7257966
Time spend worrying about missed opportunities is time not spend looking for future ones.
>>7257996
No, that's certainly not a good tactic. If you want to keep it simple I suggest you look into trading according to support and resistance.

Basically you look for the last time the price of a coin bounced hard. The bigger the bounce and the higher the volume at the time the better, then you wait for the price to drop a good bit below that price buy in and sell again on the first bounce. People usually do this on 1 hour candles and it's a very effective strategy if you get good at it.

Here, this script will tell you support and resistance levels.

https://www.tradingview.com/script/RQnLfaNE-Swing-high-low-support-resistance-by-Patternsmart-com/

How to make 5% daily?

>>7251698
What do you trade on?

>>7258310
If you have to ask you won't be able to do it. Consistently making 5% per day is hard.
>>7258428
Kraken, but the platform doesn't really matter. Just use what you like.

>>7257812
So you gained money in your worst trade, and people claim crypto is dead kek

>>7258181
Tbqh I've gotten lucky twice, bought at 9k a few weeks ago and at 7.5k yesterday and made up for the loss more or less straight away.
What is "a good bit below" though ? This time it was 1.5k below the previous top.
Whatever it is though, these "-30%" days are now my favorite in crypto. When I started out I dreaded them, but now I realize that if you buy then it's extremely hard to lose money, unless you hold for too long of course. The market always bounces up hard after a big crash.

>>7258462
The only thing that's dead is buying bitcoins for a few bucks and getting rich with it. Trading is more viable than ever.

How much starting capital is needed to make trading worth it ? how much time until profitable ? why do you prefer swing trading over day trading ?

>>7256556
When did he do that? What coin?

>>7256498
I agree with what you are saying but some people just like to have a following, makes them feel superior

>>7258734
You could start with $1 and turn it into a lot of money if you are good, but the less you start with the longer it takes. Generally I think it's beneficial to start low though because not only are you gradually increasing your psychological pressure (which is a huge factor in this game) it also gives you a certain confidence which makes losses easier to deal with. If you turned X into Y once you can do it again. If you're good you make profits on your first trade.

Day trading is shit. Pure and utter shit. I fell for the daytrading meme in the beginning and it's so fucking retarded. You sit for hours on end in front of your PC for tiny gains, while fees and random market swings fuck you up. Swing trading on the other hand is comfy as fuck, you just make 1-3 trades a week and make probably more than daytraders with like 1% of the effort.

>>7258936
its was s hit coin let me see if i can find the tweet. I was going to follow him but decided to watch what he was going to do live.

>>7258943
Any trades open now?

Wo kommst du her, oida?

>>7259019
Ja, hab während des Dips günstig ETH eingekauft. Plane morgen Abend zu verkaufen und danach den Markt zu shorten. Komme aus Hamburg, und du? Bayern?

>>7252417
Any archived posts of his?

>>7259223
I didn't say a lot of different things back then and you can ask me anything right now.

What Timeframe do you usually trade on with your strategy?

>>7258943
>Day trading is shit
i think everyon falls for this in the stat.

do you trade based off the timezone diffrence? i noticed the market moves a lot when based off people going to bed and waking up. like when the USA sleep people cash out causing a dip then the chinks wake up to pick up the pieces

>>7259261
Ok, how to read RSI?

>>7259346
not OP, but theres the investopedia link

>>7259102
"oida" ist 100% Österreicher schätze wiener

>>7251698
So my tradebots are SHIT so far. At what timeframe do you believe automated decisions would work better?

I tried swing trading 3 times for the past year
Doing RSI, Bollinger bands, and checking sentiment here and reddit.
I lost 35k eur. Each time.
I cant time the market in any way
Im down to hodling like a chad.

>>7257483

> once it break the middle BB FOMO will start to kick in
It looks like it broke the 9300 level briefly but then dipped below it again. Would you have bought at that point, or was it a false breakout? Are you looking for large volume confirmation when you see a level break? What kind of volume are we taking about, 2x or 3x the previous candles or something like that? On which chart, and do you wait for the candle to close or go in when you're satisfied?

>>7259443
chad doesn't hodl like a betacuck virgin
chad doesn't need RSI or BBands
chad invests, walks away and walks back to wealth

>>7259407
What's your logic? Maybe you are too impatient? Tide rises all boats, but also lowers them!

How much money are you trading with? Once you hit big numbers it gets quite difficult swing trading just on volatility alone.

>>7259295
4 hours works best for me.
>>7259320
Yes, certainly. Timezones are big, really big. People waking up in the different timezones usually exacerbate the current trend. The gooks are the worst when it comes to this, when they wake up to a downtrend they dump fucking everything.
>>7259346
I'll give you the quick rundown. RSI is controlled by the Bogdanoffs and determines overbought and oversold conditions. It takes the averages of the 14 last candles and calculates weather or not the prices for an asset are too high or too low. It's one of the most used indicators and therefore a self fulfilling prophecy. The value of the RSI ranges from 0-100. 0-30 = over sold condition = buy, 70-100 = overbought condition = sell.
>>7259407
I don't give a shit about tradebots, until we have near sentient AIs they'll just follow trends after they have already begun.
>>7259443
Can't win them all. Hope it works out for you.
>>7259465
I don't buy breakouts, because you can never predict when whales chose to take profit.
>>7259565
I think you can put quite a bit of money into big dips and still be safe. Look at the volume that was traded during the last one, you can easily go in with 100k without making a splash on your own.

>>7259648
>The value of the RSI ranges from 0-100. 0-30 = over sold condition = buy, 70-100 = overbought condition = sell.

So I'm looking at the chart for the past month on the 4 hour timeframe. During January the RSI went over 70 only a couple times at the start of the month, and went under 30 on 4 days.

So how is that tradeable on a regular basis if this only happens 6 times a month? What am I missing here?

>>7259648
>The gooks are the worst when it comes to this, when they wake up to a downtrend they dump fucking everything.

STOP FUCKING GIVING AWAY THE GAME YOU FUCKING KEK

>>7259773
>So how is that tradeable on a regular basis if this only happens 6 times a month? What am I missing here?

I thought that was the point? He said here (>>7258943) that when swing trading, you do 1-3 trades a week

>>7259773
>What am I missing here?
The point that you're missing that you you can make between 10-50% on each of these occasions. What more do you want?

>>7259648

Do you use Stoch RSI? What is your position on it as an indicator compared to Regular RSI?

>>7259890
I'm not being judgmental, I'm trying to understand.

So if you bought while the RSI was over 70, you short it until the RSI is below 30?

>>7259648
I'm not trying to sell you my bot, I'm trying to build a good one and I value your insight. The only one that seems to work looks at Fisher transform and volume on 4H candles but I've only used it for a couple of weeks so I don't know if it's just luck, any indicator you think could add value to that?

>>7259503
I don't get what you mean, I just want to stop buying high and selling low.

>>7259890
I remember your thread a week ago. OP is spot on, swing trading ETH on slower time scales is the comfiest by far. pretty fucking foolproof if you buy as it spikes down past last support and just buy even more if it keeps dropping. VERY fucking rare not to make 5% every time. don't go all in on a single trade and it's the safest way to trade in crypto.

>>7259957
I think the usefulness of indicators is largely determined by the volume of people using them, which is why I stick to the most popular ones. You can't forget that they are only lagging indicators, on their own they can't predict shit, but they influence people.
>>7259972
You certainly could do that, but if you're new I would personally recommend to set a fixed goal at which point you want to sell. For example you could say that you always close your position after you gained 15%, sure you'll probably miss out on gains that way, but you also won't run into the trap of holding too long and missing the best point. It doesn't matter if you close the position 5% before or after the best point to do so, but doing it before takes away some pressure.
>>7260118
Okay, take this with an extremely big grain of salt but I've recently talked with a dude who's into cryptobots big time and his one worked only according to crossovers of SMAs and he claimed it was very successful on the 1 hours charts. Dunno which intervals he used though and I have no way to contact him.
>>7260152
Feels cool to be recognizable as an Anon.

>>7251698
Can you toss me a few links to some good resources, I wanna learn to do this myself so I can stop wagecucking.

>>7260260
Many many thank yous.

>>7259648
bizbro u on discord or any other media platform where u can dm?

>>7260321
https://www.investopedia.com/articles/technical/061801.asp

https://www.investopedia.com/terms/r/rsi.asp

https://www.investopedia.com/terms/m/macd.asp

https://www.investopedia.com/terms/b/bollingerbands.asp

I make virtually all my decisions according to these. Protip: Spend a good amount of doing research before you start trading. Learn what the indicators do and look at charts. Try to comprehend what was going on.
>>7260337
Happy if I could help.

>>7260461
Nah, but since people appreciate it I think I'm going make threads like this a weekly thing.

>>7260337
whodat???
>>7258943
All right thanks, so far I've messed around with 300$ in alt/eth pairs and I'm in the green ETH wise but not fiat.
Let's say we go full on bear market, is it still possible to make money without shorting with leverage ?

>>7260586
Even in a bear market oversold conditions will result in a bounce, you'll just have to be quicker with taking profit and you don't have the luxury of being able to potentially wait out bad moves. Also there is absolutely nothing wrong with shorting, you can play the market both ways.

how did you end up trading?is it job related or a hobby of yours and how long did it take you to steadily start making good trades and therefore gains?

>>7260470
Thanks lad will definitely check these out later today. Should I wait for the bear market to end before I start trading?

>>7260712
I always liked the idea of trading stock, but the entry to that is very hard because of all the fees. One day I heard about Ethereum and altcoins and trading platforms and instantly realized that this was the opportunity to get into trading. I'm an undergrad economics student and I basically stopped studying for the uni and spend an autistic amount of time on learning how to trade. Easily 10 hours a day, but it wasn't hard work because I fucking love it, which is also why I make these threads, and many things were rather easy for me because of my prior studies. At this rate I'm not quite sure if I'll get my bachelors, because it's kinda meaningless to me and I always liked the idea of dropping out of education because you found something better to do.
>>7260793
Nah, get your feet wet once you're comfortable. There's no rule that says that you have to go allin. Sink 10 bucks into a trade and buy yourself a beer with the gains.

>>7261003
what resources helped you the most for studying?

>>7261003
Aren't German tax laws gonna fuck u hard?
Have you considered moving to the NL as crypto isn't taxed here

Okay, guys, I'm pretty much out of time now. I hope I could help you. Like I said before, I think I'll make these threads more often from now on.

I know it's a kinda faggy thing to do, but I'm adopting a tripcode for this post, not to become a tripfag, but to verify my identity in case it's needed at some point.

Have a nice weekend. We'll all make it.

>>7261169
Thank you for your time and effort, you are part of that 1% of /biz/ that is not total shit.

>>7256885
TD Sequential 'works' but it's the kind of trading that you need experience and a lot more back up to use. It's best to think of a 9 point as 'something will happen here'. It can always fail, and will usually extend beyond the 9. The people that really know it use Bloomberg terminals and they're waiting for perfect setups, usually with a 13 count after the 9 and other Demark stuff backing up.
You can still use it as a short term trade guide. If a 9 reversal fails, it's probably going the other way, right?

>>7251698
how did you learn trading, do you recommend any books or courses?

>>7258943
>Day trading is shit. Pure and utter shit

You have just completely discredited yourself. There isn't one way to skin a cat and the best trading strategy for you may not be the best strategy for someone else with a different personality and skill set. Maybe trading on shorter time frames does not suit you due to your personality, skill set, and way in which you learn. To say it is pure shit as a general statement for everyone demonstrates that you have a lot to learn. Also, day trading, swing, trading, and hodling are not mutually exclusive.

>>7261169
no one cares poorfag loser, you're never going to make it