Made 60K this week day trading - AMA

[Anonymous No.7504419]

Nothing more amusing than people here shit talking about TA, while they consistently hold and lose money. Let me give you a secret.

There are two kinds of whales in this space:

1. HODLers but only if they were holding for a long time. Many of the smart HODLers who have tons of cash (we're talking 10+ millionaires) have now switched to 2.

2. Day traders

Since 80% of day trades lose money, most people don't even think that they are whales. But for the 20% of day traders who do, believe me, they have more money than you can ever imagine.

Let me tell you another secret. Every single day trader is betting on this going down the drain long term. I'm part of a group that has experienced software developers who have worked at FinTech firms, and they all think this is fundamentally and technically going down the drain.

Thanks for believing in this failed experiment, thanks for thinking that every new experiment is successful like the web, and keep up the HODL illusion! After all, you guys are the ones we make money off of.

[Anonymous No.7504467]

It’s not going down the drain because greed.

[Anonymous No.7504497]

>>7504467
That's literally exactly why it is going down the drain.

[Anonymous No.7504567]

>>7504497

Of course it's all going down the drain, the hope is greed sends the market to at least a few trillion first.

Any tips on day trading with 5-10k?

[Anonymous No.7504574]

>>7504419
why in the world are you telling them

you're an idiot

[Anonymous No.7504589]

>>7504419
6K cuck brigade strikes again

[Anonymous No.7504608]

>>7504419
How much did you buy in and for what? 60k is a good amount with these swings.

[Anonymous No.7504627]

>>7504419
so how do you it anon? Do you play with leverage?

[Anonymous No.7504653]

>>7504419
What will it rise to before going down the drain?

[Anonymous No.7504657]

>>7504419
How do you day trade faggot?

[Anonymous No.7504660]

>>7504419
nice toast upboated

[Anonymous No.7504669]

>>7504419
>80% of daytrades fail
Maybe you’re just shit at it?

[Anonymous No.7504688]

>>7504627
Pretty much. Have been playing with leverage. I was lucky enough to get a lot of money by cashing in on this ponzi scheme (Yes, this is a grand ponzi scheme), and have simply been playing the swings consistently. It is still generally very risky and can take months of practice, but there is no better and consistent way to make money from day trading.

A safer route is to simply trade short term (by short term I mean 2-3 day periods) swings. Like the bull run last week after it reached the support of 6k. If you played that with leverage, you would have made a shit ton.

[Anonymous No.7504720]

>>7504419
Nice proof you have there you fucking faggot
Kill yourself

[Anonymous No.7504767]

>>7504688
i did, and I have, too

I'm also playing with leverage on bitmex and daytrading bitcoin, no big losses so far on this crash.

Any tips on leverage?

[Anonymous No.7504808]

>>7504419
You’re are a fucking retard. Muh my friends are software devs...I am a software developer. Bitcoin itself may go down but crypto and smart contracts are here to stay and are the future.

[Anonymous No.7504813]

>>7504688
talk to me on discord

discord gg /UawCvZ

[Anonymous No.7504864]

>>7504497
Nope. People think their shitcoins will be worth 10k if they hodl. You said it yourself. Most people are dumb hodlers. 90% of coins should be going down the drain, but they aren’t and they won’t. It looks like you’re the retard at the end of the day.

[Anonymous No.7504898]

So sick of these fucking larpers. This board has gone to shit.

[Anonymous No.7504910]

>>7504419
>experienced software developers
20 years in front end development does not make you an expert in trading. larp on fgt

[Anonymous No.7504932]

>>7504808

this
ain't going nowhere

[Anonymous No.7504976]

>a safer route is to trade short term with leverage

[Anonymous No.7505114]

>>7504419
what is your point, if you want to say something, say it, or just go spend all those mad gains you have.
>Comparing this to the web
>Taking advice from your experienced software dev frens
Fuck off Tai Lopez

[Anonymous No.7505164]

>>7504419
> I'm part of a group that has experienced software developers who have worked at FinTech firms, and they all think this is fundamentally and technically going down the drain.
Nice larp

[Anonymous No.7505350]

>>7504419

Don't bother, I've been telling them exactly this for a week now. I guess they are just too fucking stupid. In a way they are getting what they deserve.

[Anonymous No.7505443]

>day trading with TA instead of just volume and price movement
>thinking whales arent in for the long term
Larping faggot

[Anonymous No.7505488]

>>7504419
Yeah.. 60k my ass.

You can only make huge amounts like that on lowtier marketcap shitcoins , and good luck selling the enormous amount back when it's at an ath !

Bots are 80% of the market by now, and they'll absolutely kys you when you even think of trying in doing that shit.

you're a larp mate, nothing more then a dirty filthy larp.

[Anonymous No.7505495]

OP back here again. I was outside so it'll be a different IP.

>>7504767
Nice, yeah you just have to keep playing the swings. I use Stoch RSI and the Oscillator most frequently; however, it's mainly based on price actions since the indicators can give too many false signals especially on very short term 30 min - 1 hour trades. I'll add you up on discord soon.

>>7504910
You sound like a salty front-ender. They were software developers at high frequency trading firms you idiot, and some of them were active traders using many of the strategies employed here.

To the rest of the people who think I'm LARPing, keep it up.

>>7505350
Yeah, I knew this post won't make a difference to 90% of the people here. They're going to continue 'HODLing' thinking that all of this is the future. No-one will ever use these to pay for any services as long as there are people like me and most of you who want to make money off it. If I want to pay for a pizza slice using ETH, I'm not going to fucking use it if I'm expecting a major upswing or downswing the next week.

[Anonymous No.7505515]

>>7504419
>I'm part of a group that has experienced software developers who have worked at FinTech firms, and they all think this is fundamentally and technically going down the drain.


wow. the shill FUD never seems to end. OP is a dickhead.

[Anonymous No.7505532]

>>7504419
Can the mods just start banning larp? It’s shitting up the board.

[Anonymous No.7505618]

>>7505532
This, so much.

[Anonymous No.7505625]

>>7505488
> He thinks that bots don't use trading strategies that can be copied by humans.
> He thinks that people like me don't employ bots when need be.
> He hasn't heard of leverage.
> He thinks the only way to make money is from holding shitcoins and then selling them at low liquidity.

[Anonymous No.7505676]

>>7504419
this
decentralization is a meme

[Anonymous No.7505716]

>>7504419
OP how do you feel knowing I have made 80K this week out of you? Seriously, I love exploiting brainlets, please feed me more money :)

[Anonymous No.7505730]

This is officially the worst post I have read on /biz/ this week
It has everything:
Awful advice (TA totally works just daytrade bro), larping (made 60K this week, part of a group that does so and so), "AMA", "this is all going down the drain", "secrets"

How can you fuck up so bad seriously, kys my man

[Anonymous No.7505768]

>>7504419
Wow so you bought the dip, and then everything went up. You're such a pro!

[Anonymous No.7505783]

>>7505730

>>7504574 Look at the above poster. I told you it won't make a difference. They're literally oblivious haha.

[Anonymous No.7505796]

>>7504419
I made 5k this week catching that bottom with sweet, sweet 10X leverage. If any of you are wanting to get into this go here >>7501728 we're all gonna make it bros

[Anonymous No.7505824]

>>7505495
>paying with a platform coin
>he thinks this is ETH's use case
Wait you're actually just as clueless about crypto as the next pajeet

[Anonymous No.7505833]

>>7504419
How do you make $ off someone who holds you dumb fuck? You only make money when people buy or sell you thier bags because they're weak handed pussies. Pure LARP. Go lose your virginity fagget

[Anonymous No.7505847]

>>7504419
Naa it going to work in the long run. The autists will make something out of this like they always do.

[Anonymous No.7505873]

>>7505824
ETH was just an example. You will not use a cryptocurrency for real life goods and services if you expect the price to go up or down. And as long as this is an unregulated, free market, people will always want to make money off these assets, thus the price swings or increases/decreases will never stop. That is an undeniable truth.

Keep deluding yourself though.

[Anonymous No.7505904]

>>7504419
>says HODL is an illusion
>says he makes money off HODLers
niga are you stupid ? How can you make anything off HODLers like me who never sold a singly crypto since 2016 and only bough them off you when you liquidated yourself on leveraged shorts

[Anonymous No.7505908]

>>7505847
I am an autist desu and have been in this space since 2013. I was a HODLer until I realized how much further money I am missing out on. By learning how to trade, I made even more money in this bear market than the bull market last year. I was literally in complete shock.

[Anonymous No.7505945]

how do I get 0.99 of ven into eth on binance?

[Anonymous No.7505964]

>>7505904
I make money off of HODLers because otherwise they would buying or selling regularly. If everyone is buying or selling regularly, day trading becomes even harder.

[Anon No.7505978]

>>7505908
Please senpai teach me. Do you use TA? LEVERAGE?

[Anonymous No.7505977]

>>7505873
you're right thats why people will use something like LTC

[Anonymous No.7506005]

im an 18 year old med student cuck
as a complete business illiterate, how do I learn to day trade in my downtime?

[Anonymous No.7506014]

>>7505730
This.

One of the worst larp attempts i've ever seen, ever.

You're a disgrace OP, hang your head in shame.

[Anonymous No.7506041]

>>7506005
Investopedia, Read the book 'Day Trading and Swing Trading in the Currency Market'

[Anonymous No.7506085]

>>7506041
should i practice maths too? I was very good at it in HS but I haven't done any practice since.
and if so, what kind of maths? focus on quick arithmetic?

[Anonymous No.7506120]

>>7505873
Why would anyone in their right mind buy crypto that is meant to be used for daily currency?

Currency and blockchain are not the same thing brainlet. But just like the normies back in 1997 who thought internet=email and email=internet you seem to have confused the two.

The next 2 years will be the war of the platforms and money like you've never seen will enter this space.

Here's my BTC address, you're welcome:
1PE5R38MopnKUaMxPtDNiYzk2t795JmLuV

[Anonymous No.7506190]

>>7506120
...that's the point. If people are buying this just for the purposes of having a digital commodity, then this is all literally thin air and brings no fundamental value to anything in the world. I might as just put money into a potato, and if I convince enough people, the price will go up. The price rises and drops are COMPELTELY and ENTIRELY built upon speculation, which is thankfully perfect for TA.

[Anonymous No.7506218]

>>7506120
Stop comparing the internet or e-mail to any of these technologies. Being used as a currency was the only possible use case. Since you have already discounted that, there is literally and absolutely no use case.

[Anonymous No.7506259]

>>7504419
Buy mco for those sweet ten x gains this month

[Anonymous No.7506265]

>>7505833

You (and your ilk) are an irrational economic actor. Because of your inability to recognize the value of your investment you never sell. This keeps the value up when it should be going down. It also makes the market much easier to manipulate. Most of the people came when Bitcoin was well into 5 digits, so they have already lost a part of the initial investment. This too is an exchange of value. Not to mention the huge opportunity costs.

[Anonymous No.7506291]

>>7504419
i made a post about this yesterday, i saw the light after losing 80% of my money
i pointed out some facts including how charlie lee endorsed holding so people could hodle the price up while he dumped on them and how whale endorse holding for the same reason
one anon pointed out a fact never talked about
hodle doesnt apply to late adopters, anyone who thinks we are early are fucking lying to themselfs play the game with the new rules or stay poor

[Anonymous No.7506349]

>>7506291
>less than 1% adoption rate
>"anyone who thinks were early are lying to themselves"

14 year old confirmed.

[Anonymous No.7506396]

>>7506190
>he fell for the intrinsic value meme

What is intrinsic value? The dollar has no intrinsic value anymore. Gold? What does anyone really use gold for besides speculation? Past the bare necessities of food and shelter, what has "intrinsic value" to one person may not have "intrinsic value" to the next.

Things are worth what people think they're worth, plain and simple. Pull back the curtain and there's nothing there, there never was, and in reality it doesn't matter what you think about it, that's just how it is.

[Anonymous No.7506414]

>>7505873
Wow this post just shows how fucking retarded you are.

> what is a utility token
> how does network usage create demand

[Anonymous No.7506473]

>>7506120
Op get rekttt

[Anonymous No.7506483]

>>7506396
There you go:
https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/

[Anonymous No.7506548]

>>7506218
> Being used as a currency was the only possible use case

How stupid and ignorant can you be

[Anonymous No.7506593]

>>7506548
Ok give us an example of a use-case and how your investment in a cryptocurrency will give you net returns. Step by step, if you don't mind.

[Anonymous No.7506687]

>>7506483
And a tiny fraction of it was for an "intrinsic" use case as a conductor for tech

The rest of it, the vast majority
>Central banks
>Investments
>Jewelery (status symbols)
AKA "it has value because... well it is valuable"

[Anonymous No.7506720]

How do I get started with TA?

It seems cool as fuck.

[Anonymous No.7506852]

meh I let bot automate daytrade, gluing on chart is too time consuming

[Anonymous No.7507481]

>>7506593
Ok you seem like not as big of an ignorant retard like op so I’ll tel you.
It’s a new asset class where the asset being speculated on is used directly in the dapp/platform/network thus making the coin/token tied to usage in that dapp/platform/network. So the more usage the dapp gets, the more the token is needed which drives up demand which drives up price. Since a lot of these dapps save the users money by using blockchain instead of a middleman, we can expect their usage will increase as they grow and become more known. More usage = more demand for tokens = price of tokens go up

[Anonymous No.7507553]

OP is a LARPer, post gains or it didnt happen

[Anonymous No.7507580]

>>7506593
Stop bothering with these idiots. You have to remember most of these guys are 20 year olds who recently heard about BTC through word of mouth or the internet. They literally don't even realize the only reason the HODL meme continues by influencers and what not is because they are filthy rich from investing since 2016. These idiots still think they're early. Even a 70% loss hasn't woken them up yet. Like I said though, we can continue to take advantage of this and trade on the swings. Without these idiots, the price would have been in a continuous free fall to 0 by now, but will now probably fall amongst a number of swings before reaching a very low point (allowing us traders to make more and more money).

[Anonymous No.7507703]

>>7507580
Besides reading that book you linked above, any advice for a beginner for some safe-ish strategies to try out? is there really any point in trading low cap shitcoins if you want to focus on the TA side rather than FA? by FA i just mean following news or hype since thats usually what pumps low cap shitcoins but so far that has been pretty unreliable

[Anonymous No.7507716]

>>7507481
"Crypto is useful because it's useful within dapps. Let me ignore how dapps are ultimately useless though and just assume they are!"

Price increases in this market are completely based on speculation. This is why it went through a meteoric rise. Hype always dies down though and price increases based on hype do not last. This is that time period since the hype has already reached its highest point. Look at Google trends, price charts, mainstream media interest, and the frequency of articles posted on this. The hype is over, and since this has no fundamental value, this train ride is over buddy.

Inb4 "but gold!". Gold has use cases. Even buying gold plated materials to show off to your friends is a use case. There is literally no use case here.

[Anonymous No.7507751]

OP is right, crypto is a hilarious meme. It will never be used as currency

[Anonymous No.7507762]

>>7507703
Safer strategies are 2-3 day trades where you check whether the current trend is passing above or below the moving average.

[Anonymous No.7507863]

>>7507762
any specific time frames or ma/ema's that are generally used for these trades?

[Anonymous No.7507902]

>>7507863
For 2-3 day periods, 1h and 4h are most useful. For moving averages, I recommend reading this article: https://www.investopedia.com/articles/active-trading/010116/perfect-moving-averages-day-trading.asp

[Anonymous No.7507935]

https://www.babypips.com/learn/forex/elementary

[Anonymous No.7508099]

>>7507716
Yes dapps that save users and companies millions of dollars are useless you fucking brainlet. I hope none of you are actually listening to this retards advice.

[Anonymous No.7508115]

>larping OP stirs up the shit

>disappears when enough people have been upset by his words

These threads literally pop up multiple times a day.

Stop falling for it.

[Anonymous No.7508138]

>>7507902
Senpai, really with a simple strategy like that you could make that much money? Seems too easy to me...

[Anonymous No.7508143]

>>7508115
I'm right here you fucking idiot. I posted about 10 responses already. I mentioned I'm on a different IP since I was outside before, but let me guess, you probably didn't read the thread. Most peope who have

[Anonymous No.7508170]

>>7506265
Good point fag

[Anonymous No.7508179]

>>7508115
I'm right here you fucking idiot. I posted more than 10 responses already. I mentioned that I'm on a different IP now but of course, you probably didn't even read this thread.

>>7508138
That's a beginner strategy. It was in response to a beginner question.

[Quetzalcóatl No.7508207]

Go and post your Ad Hominems in Reddit.

[Anonymous No.7508211]

>there are people who'll fall for this shit larp

[Anonymous No.7508249]

>>7504419

Now this is a bitmex thread fork

Go home gentleman nothing to see here.

[Anonymous No.7508346]

>>7508179
Thanks for the article. Would you recommend others more advanced strategies?

[Anonymous No.7508437]

WTF YOU'RE TELLING ME THERE ARE PEOPLE WHO BUY LOW AND SELL HIGH!? AND THEY ARE DOING THIS DAILY!? WTF THESE GUYS MUST HAVE 160+ IQ!? VERY INTERESTING.

[Anonymous No.7508445]

>>7508346
There are two main strategies I follow.

First strategy: Short 15 minute - 1 hour trades based upon indicators crossing certain values (like the Stoch RSI being oversold on the 15 min chart). You then try to find an entry price based upon consolidation (i.e. wait for the price to stop bouncing up if it's increasing really fast or vice versa). Then, enter, and lock in your profits once you're satisfied with a percentage (10% is ideal, anything more is pure greed and can hurt you).

2. Do 2-3 day short term trades. Here you should use lower leverage since you are targeting a longer term (compared to 1.) swing so it can have many 1 hour swings that can liquidate you if you use high leverage. In terms of looking at the charts, you use the same strategy, but look at longer time periods.