8 figure NEET master trader here (Trade discussing General)

[Anonymous No.25612308]

Link is ready to correct back downwards in the next 12h candle
Though notice i am not saying that link WILL correct in the next 12h candle.
What do I mean by this?
Link can go parabolic from here instead of correcting (market makers love to push it to parabolic right as its time to short to get free pump from stop losses/liquidations)
ignore me or dont, i dont care
Also I recommend swinging 30% of your stack MAX (10% is better for noobies)
this is to prevent TOO MUCH EMOTION
because if you sell your whole stack at $17 then it goes to $17.50 you will be dying inside and fomo back in at $18
then they dump is big on you
I want to help my fellow NEETS become powerful and escape the normie filled slave class. New to trading? Feel free to ask question

[Anonymous No.25612367]

>>25612308
>it might go up, but it can go down.

[Anonymous No.25612412]

I have 328 link.
How do I turn it into a 1k stack

[Anonymous No.25612432]

>>25612367
we're dealing with a player in the know here

[Anonymous No.25612484]

>>25612412
same but with 100

[Anonymous No.25612535]

sir link go up sir please to make it up

[Anonymous No.25612556]

>>25612412
I have 50k Link how do turn it into 1k?

[Anonymous No.25612589]

>>25612556
give me 900 so I can participate in the citadel and escape this awful city

[Anonymous No.25612626]

The hardest part of trading in a bull market that I've found is when to sell... in a weak market if you are off by one 12hour candle maybe you miss 1-3%
in this strong bull you can easily miss 30% in a candle if you are one off.... though it is impossible to sell the exact top unless you are the market maker so all just a game of odds at the end

Next target is local fib at $30
Should be able to hit that rather easily but it is the first target

[Anonymous No.25612628]

>>25612308
Nice thread.
>Feel free to ask question
How did you learn it/ become good at it and how long did it take? Any books or other resources recommended?
Also what was the ammount of money you started out with?
>t.4500 LINKlet trying to get to 5k with shitcoins
Also could you take a look at the NOIA chart what is next if you have some time?

Thanks

[Anonymous No.25612656]

9 figure kissless virgin basement dwelling NEET turbomaster trader here

OP is spouting smelly curry sludge

[Anonymous No.25612803]

>>25612308
bonded.finance forming handle for imminent ups fren?

[Anonymous No.25612907]

>>25612367
all a game of odds my friend....
i am not saying to sell here if you want to swing...
it is like when a weatherman sees a hurricane forming far away and they can tell its a hurricane but must wait until it develops to see where it will go and how powerful it will be
It is important to stay nimble as a trader if you just stick to "number go down when i say it go down" you will inevitably be wrong many times.
>>25612412
slowly start to swing trade 10% of your stack on a mid term time frame. That could entail 2 trades a week up to 3 months... basically you would be buying low and trying to time the next local high. This is the easiest way to get consistent gains without taking on much risk...
also it builds your patience which is an important skill
>>25612628
I still dont think im great at it. I just try to learn more every day. Even the best traders say you either continue to learn new stuff or your fall behind.
Probably spend about 12-18 hours a day reading and looking at charts. This is not necessary but the way to get good is to put the time in.
Start trading with your goal as to stay alive.. dont worry about how much money you make on a trade just worry about staying alive.

[Anonymous No.25612986]

>>25612308
With a 125 ETH stack, where will the key points be to turn it into 160 by the end of the year? I'm comfortable swinging 20% of it.

[Anonymous No.25613027]

>>25612907
How much do you look at the trends/data versus the value of the product or technology?

[Anonymous No.25613105]

>>25612986
>how can i turn 21 ETH into 56 eth in one year?
very tall order. good luck.

[Anonymous No.25613139]

>>25612986
well you have a couple options.. you can swing from eth to usd when you think their is a local eth top
or you can swing from eth to alts back to eth
I think the easiest trade is to swing eth into other alts then back to eth
You can also take 20% of what you are willing to trade with and divide it up. Save 75% for the big long term swings
then keep 25% to scalp shorter time frames
You will need a strong strategy that you know you stick by to scalp so if you arent experienced trader i wouldnt recommend that part

[Anonymous No.25613147]

>>25612986
sorry 25 eth into 60. still, over 100% gains on swing trading is going to be extremely risky

[Anonymous No.25613582]

Holding equal bags of link bnb dot ltc ada and try to start rebalancing when something hits 25% gain. Looking to stack sats. I don't read much lines or trawl crypto sites for news at all. What am I in for? Got a better suggestion?

[Anonymous No.25613696]

>>25612308
>it can go up or down
>ignore me or dont, i dont care

[Anonymous No.25613757]

>>25612308
Where do you go for good information/news? Obviously this site is retarded, youtube is awful and normie news sites are 14 months behind everything. Where can I get a good general impression of whats happening?

What exchanges/markets do you keep an eye on to try to identify trends? How do you find newly offered coins, or what coins are about to be released?

[Anonymous No.25613842]

>>25613757
You're asking for advice from a literal retard. Not gonna make it.

[Anonymous No.25613861]

>>25613027
i dont even read up on technology of new coins these days
for this bull run im pretty much locked in
although i did read into aave awhile back when it was lend and got in very early but sold the whole back very early as well... when its a coin thats very unproven its like a hot potato dont want to hold it too long. Of course in AAVE's case it would have been a good hold but hard to tell at the time.
These days its all technicals since the fundamentals aren't really going to change substantially for this bull run
>>25613582
pretty nice stack i missed dot and never read up on it.
for me it seems like link and ada will be the top gainers of this run

>>25613757
i dont read up much anymore on the news
i dont play the game of buying newly offered coins or unknown coins. Im past the point where its worth my time i think once you make more than 100k you can stick to bluechips at that point because you can turn 100k into 2-5m in this bullrun so no need to take big risks on those coins. If it works for you i dont see a problem though

[Anonymous No.25613930]

>>25613842
whats got you down bucko?
we are in the golden bull run why is your mood so poor?

[Anonymous No.25613934]

>>25612308
>NEET
>daytrading all day every day
So like you are a self employed or something doesnt add up here

[Anonymous No.25614034]

TA
>It could go down...
Or .. wait for it...
>It could go up!

>Thats how I made 8 figs boys

[Anonymous No.25614431]

>>25614034
>he doesnt short and long at the same time
ngmi

[Anonymous No.25614836]

>>25613861
So what’s your key indicator the the run is ending and the correction is coming. And what do you plan to do with your holdings once you see it coming?

[Anonymous No.25615072]

>>25613934
yes i guess i am self employed.. not exactly sure will be figuring out all the specifics for next tax season with my lawyer and accountant
>>25614836
I use a custom indicator i coded that calculated many factors, volume, moving averages, open interest, oscillators, etc.
Also a lot of it is just macro perspective... right now its obvious assets will continue to fly as the dollar becomes weaker in the coming year or two

[Anonymous No.25615246]

>>25615072
What do you think of the XLM run? Is it over? Should I take profits and let the balance ride or pull the whole thing?

[Anonymous No.25615468]

>>25615246
dont know the fundamentals on xlm
seems like a shitcoin to me so if you got profits take em
if it were another coin id say ride it up because it looks like it has room to go up but the last time XLM pumped it did one giant pump candle then only went down from there
usually just founders pumping it up to dump on newfags fomoing in

[Anonymous No.25615554]

as long as this candle closes without some massive dump in the next 4 hours the ride is gonna start for link boys....
the stars are aligning
pray to saturn
this is when you take a risk and margin long ... 3x leverage max

[Anonymous No.25615732]

>>25615554
Think it will outpace ETH? That’s my best source to pull from.

[Anonymous No.25615785]

>>25615554
sorry if stupid question but what time scale do you mean?

[Anonymous No.25615869]

>>25612308
based NEET-sama, fuck normies.

[Anonymous No.25616020]

>>25615732
we have some volatility ahead for sure but if you can hold strong then yes now is the time to trade some eth for link
>>25615785
things are basically set for it to start a run... can't really say how long it will last but i am saying we are close to the set up that long term traders would want to see to go long with leverage... so you can expect it to have some fuel to it.
As BTC moves you will see volatility of course but overall we are setting up for a big run

[Anonymous No.25616256]

>>25612308
What books/websites did you learn from OP ?

[Anonymous No.25616349]

setting up to go back more
we will see confirmation in next 15 mins
looks like that was a shakeout and we are gonna pump on the new daily candle
>>25616256
there are some good places to learn from on the internet... not anybody who sells courses though
read richard wyckoff's books and learn his methodology id say its the best intro to long term trading and how the markets actually work.. once you realize the markets are literally just whales manipulating the price and dumping/accumulating supply it all becomes a lot simpler

[Anonymous No.25616429]

>>25612308
Is 40k sats a good buyin? I missed the boat when it dipped to 36k cause i was still figuring out where to buy...

[Anonymous No.25616849]

>>25616429
dollar cost average if youd like
split up your total buy into 8 smaller buys then do them over some period of time you choose
either way yes risk reward is good to turn btc to high quality alts

[Anonymous No.25617111]

>>25612308
Will you show us your portfolio?

[Anonymous No.25617124]

What do you hold?

[Anonymous No.25617567]

>>25617111
>>25617124
80% spot positions btc eth link held on hardware wallet
20% i will swing trade in whatever coin looks good to swing trade at the time (for example when btc was running and alts dying I swing btc)
then when the conditions are good i use about a third of that 20% on the exchange for scalping
only worth the time when volatility is high really
Id recommend this set up for anyone because it allows you to take risk and trade while also limiting your risk to losses to exchange hacks and such

[Anonymous No.25617919]

>>25617567
Do you think eth or btc will dump, if only a little bit, any time soon? When would be a good time to buy in?

[Anonymous No.25617968]

>>25617919
in my opinion we are very close to a considerable correction

[Anonymous No.25618054]

>>25617968

My opinion too, but LINK will dump hard too, if BTC is going down.
So it will invalidate your prediction.
My logical target for LINK is 24$, but i don't know how many time is will take, and i fear the BTC correction

[Anonymous No.25618107]

>>25612308
not bad advice OP

[Anonymous No.25618123]

>>25612308
Based thread OP
Do you think is still worth to accumulate spot positions fren?
My portafolio has increased so much that I'm not sure if I should keep buying, got early

[Anonymous No.25618275]

>>25612626
Based like minded thinking. What's your best working indicator?

[Anonymous No.25618332]

>>25612626
what part of this chart tells you we are about to run again? Closing above the 16.48 fib?

[Anonymous No.25618358]

>>25618054
hard to say that if btc does its standard 30-40% drop that alts will all go with it
if you look to the past in the previous bullrun there are instances where alts will crab or even pump in usd vs btc dropping (slowly)
of course if its a big 10% in 10 minutes dump then everything goes but if its just a slow bleed then alts can go sideways then pump as btc bleeds (many instances in 2016 and 2017 of eth pumping against btc corrections)
also it depends what is that time frame for your prediction?
30$ is the next logical mid range target as the local 1.618 fib
>>25618107
id rather a bunch of people who browse this board even if they are mostly retards to get rich than a bunch of normies
>>25618123
well are you saying you have a big chunk of usd waiting to buy in, or do you mean just usd coming in monthly from a paycheck per say
if you already have good positions built you could save up that usd from your income and just keep it on the side for a big dip
or just dca it in as we go.
Definitely not too late to put new usd in. alts are just getting started ADA seems to be leading the pack and once it broke out of its previous local high (17 cents) its rocketed up to 35 in a mere couple of days
expect the same for link (this is how it went after the march crash too as in ADA led the pack, though link had higher % gains)

[Anonymous No.25618373]

>>25612308
more insight on your strat. what indicators or ta you using and what you like to trade the most?

[Anonymous No.25618556]

>>25618332
>>25618373
that chart just has basic fib extensions... most use them to set mid to long term price targets
My indicators aren't related to that... my indicators tell me how powerful a move is you could say....
a simple way to do this to start would be to look at volume
if your price is above a 20 moving average then that is bullish
if the price is above a 20 moving average with higher and higher volume it means the move has power left
if the price is above but volume is dwindling as price is going up, then likely running out of steam soon
This is just a rough example but you can see what I mean...
If the price reaches the first target $30 and looks like it still has lots of power then we go to the next target of 38-40$ aka our "long" term 1.618 fib

[Anonymous No.25618611]

Great post OP. Finally someone with an IQ >100 on this board. The fact is 2021 will be a massive bull run for crypto. This means all panic dumps will be bought up quickly. You have two options: HODL altcoins all year until your portfolio does 10-50x; or trade the dips because the market will likely be on your side for a good while.

[Anonymous No.25618717]

>>25618556
If you're lazy should you just buy BTC and hold?

[Anonymous No.25618798]

>>25618556
why the 20 day moving average vs another timeframe? any specific reason?

[Anonymous No.25618842]

dude i keep pulling out of bitcoin when its decreasing and never get the uphill profits when it just magically increases 1-2K in a few hours. I lost like $30 from being taxed by cashapp and i am really getting annoyed that not only do i not have enough money to make profit off this btc train but im getting taxed jsut because im unsure about the market. Its like everyone else knows whats up and I dont. wtf do I do man im freaking out now i know what time is money means dude like bruh

[Anonymous No.25618994]

>>25618717
if you have an income to do this yeah itll work
and multiply whatever you put in
right now is time to buy alts so i would hold off on buying btc and go into eth/link
wait for btc to dip or for alts to bring you a lot of gains then split it back up more evenly
>>25618798
its 20 moving average of whatever time frame you are looking at it doesnt have to be daily
so if you are looking at a chart with 1 hour candles then it is the average of 20, 1 hour candles
it is the default "average" for bollinger bands

[Anonymous No.25619276]

This is why im thinking LINK is better alt to buy than ADA at the moment... i could be wrong
the orange line is ADA returns compared to link
when he had the alt season in may-august ADA led the pack but once LINK got going it pumped way harder....only time will tell but as a trader if you make a call on a long term play you've got to stick to your guns

[Anonymous No.25619401]

>>25618358

AB=CD
I TP 70% at this target

[Anonymous No.25619639]

>>25612308
>Trading

Trading is gambling anon.

[Anonymous No.25619806]

>>25619276
Can you give me a quick read on how you see the XLM candles/volume for today?

Looks like it’s indecisive right now which probably means down turn tomorrow?

[Anonymous No.25619900]

how do I get started
I'd like to trade LTC or commodities futures or forex

[Anonymous No.25619933]

>>25615072
so DON'T raise dollars by selling tech stocks and metals and cryptons?

[Anonymous No.25619996]

Any long term price target on ETH? (End of 2021)?

[Anonymous No.25620074]

>>25612556
By actually listening to the advice posted on /biz/

[Anonymous No.25620095]

>>25612907
>>25612626
>>25612308
Do the needful and read these posts in an Indian accent

[Anonymous No.25620111]

What should I do with $2000

[Anonymous No.25620206]

>>25612308
OP I have 10K LINK. I’d like to sell 7K at $1K per LINK and then hold the remaining 3K in case it hits a meme number in a decade. I am willing to wait a few years to sell even if I miss this cycle. I don’t want to sell my Linkies too early trying to time the top and watch helplessly as it skyrockets without me.

With the $7M in profits I’d hopefully reinvest 10-20% during some correction, ideally reaching a 10K stack again, with have a few million dollars to live off of and 10K LINK to hold long term.

Basically just a Big Swing. If I get left in the dust I’d still have 3K LINK and hopefully that could net me a few more million, and if it crashes to nothing after I reinvest I’d still have 80% of my sell to survive off of long term.

Is this a good plan?

[Anonymous No.25620270]

>>25612308
What is the realistic weekly % gain targets that I should aim for as a noob?

What are the signals that I should be looking for in reversals?

How do I know when it's good to swing?

How to beat emotions when trading?

[Anonymous No.25620338]

>>25612626
How do you make these lines? What software is that and how do you know where to draw the lines?

[Anonymous No.25620388]

>>25612907
What was your starting capital and how long before you reached 8 figs?

[Anonymous No.25620424]

>>25612308
yo how much time do I spend with my wife I like ETH more but she's alright trying to trade here

[Anonymous No.25620526]

>>25620206
Seems solid

[Anonymous No.25620605]

>>25612308
I have 750 euro'ssdqf

I bought 250 euro's LCX (shitcoin, holding for a year)

I will probably buy 300 euro's BTC and 250 euro's ETH and hold , sell the pump in a few months and rebuy the dip

good plan?

[Anonymous No.25620677]

>>25612308
Also are financial indicators important? If so, which? Do trend lines matter? Volume/market cap? The buy/sell indicator on coingecko, do I trust it?

[Anonymous No.25621060]

And just like that, he’s gone.

Thanks a ton Anon, really helpful for some of us starters.

[Anonymous No.25621692]

you just need to find what works for you. don't overcomplicate your setup with too many indicators. that's my suggestion.

the main question you need to answer when you're trading is what kind of regime/cycle is the market in? trending or mean reverting. if you can identify that, you will know which strategy to employ.

trending: buy the dip, sell the rip
mean reverting: fade the spikes

if you add too many indicators to your entry criteria, it may filter you out of too many trades, lowering your overall pnl.

trading requires a degree of self-discovery. if you're trading alts or low float stocks, you're looking for momentum. some people have an edge studying the fundamentals while others look only at the chart. experiment yourself.