I cashout out al my shitcoins in january and have been enjoying simply margin trading bitcoin since. Now, in past 8 weeks, every faggot left in this market has joined bitmex desperate for gains. why do i care? because whales know, and are making trading hell. they are abusing you noobs with stop hunts everywhere, non stop. price action is fucking strange. i used to make 5 trades a week, now i only make 2. no trade zone. Everyone and their grandmother is shorting now. bottoms sellers discovered leverage. look at the wicks on all these daily's. I am no longer participating with all you noobs getting rekt among rach other on margin for the first time.
I literally see normies posting that they are scared of missing out on a short. saturation point. I'm all tethered and wil be back when BTC reaches 4k, i suggest you all do the same. thanks faggots.
no liquidations. stop loss always. if you get liquidated you dont belong using margin, you save 10% of your margin if you close even a few dollars before liquidation. liquidation is frankly embarrassing.
i made some trades this week, and barely managed to scrape +5% to my porfolio. its a no trade zone due to all you noobs. whales are milking you all for all you have with this volatility since early July.
Robert Smith
see this right here... CNBC shilling a short squeeze to normies. they know normies are margin trading now. anyone left in this market is.
this should say it all. combined with the number of ppl i have seen literal fomo for a short. its saturated, and they are all being milked as they are still learning, and this is free money for whales. no stop losses anywhere, overuse of margin, terribly entries. whales have so much fun.
i am sticking to forex for some weeks till this settles and everyone loses their money. too crowded
Leo Reyes
Maybe set alarms instead of using stops?
Jonathan Anderson
take responsibility for yourself you fucking loser
Luke Gonzalez
my week went quite well, nothing unusual. maybe you're just a shit trader? how about you use less leverage or make use of those wicks instead of complaining like a little bitch?
Jason Jenkins
So wait if you are so confident that BTC is going to hit 4K why would you not load up a fatty short with low leverage?
Michael Morales
ehh its not so much im getting stopped out. its just the mad stop hunting in general is making price action crazy. fib levels are being respected and such on my Ta but there is not easy money to be made like this because of it whipsawing about so much. and a nice low leverage trade is at risk with things like CNBC shilling a short squeze while everyone raving about "much futures closing".
i longed from 5885 and it was the onyl good trade all week i managed to enter.
Elijah Wright
i have orders set, if they get filled great, if not, im not in. thats how i trade, worked well for me all year. i have more than i did in January by 10x
i do not chase a short or long once its moving unless i see a quite oppertunity like an EMA test
Jack Robinson
i agree with what your saying about normie money. I dont think we are going to be seeing a bottom for a while as long as these faggots are still in the market hoping they can make money.
William Barnes
go cry about your liquidation somewhere else you greedy dumb faggot
Samuel Allen
i believe capitulation happens once they get rekt a few times and lose what they have left.
They got justed hard on alts, moved to BTC as a haven, try to make money back(making money "back" is losing mind frame) and will get justed by these whales and sharks who know they are in and inexperienced. at that point, i see capitulation.
Caleb Wright
kek BTC would have hit 3k already if not for everyone margin trading shorting ETH would be $10
the only people this hurting am interests who want to see BTC under $1k again sorry free market not make things easy for them
Jack Taylor
>They got justed hard on alts, moved to BTC as a haven, try to make money back(making money "back" is losing mind frame) and will get justed by these whales and sharks who know they are in and inexperienced. at that point, i see capitulation. yep. In all honestly im new to trading, but im not fucking stupid. I know that shit is way to much for me at this point and i stll fuck with alts just to understand what the fuckin is going on and practice TA
Nathaniel Gray
yep. its slowed it down, but you could argue its just a natural effect of things. certainly they are well aware of this influx of ppl onto bitmex and finex though, and are abusing it. you can see that shorts went up 15% once we crossed below 6k. lol
that is a wise approach. use testnet and you will learn a lot for free and come out with very valuable lesson and experience. right now is such a bad time to start margin on btc as whales know many are doing it. and learning risk management, and how to find an entry and exit is hard, and expensive in this kinda price action
Levi Peterson
>and learning risk management, and how to find an entry and exit is hard, and expensive in this kinda price action these are my problems right now actually. I feel like if i can learn it now next bull run i will be able to make some reamm money
Jose Sullivan
set your position size such that you lose 1% of your trading account if your stop loss is hit. if you do this, then you're good enough at risk management. if you buy support and sell resistance, then you learned how to find an entry and exit.
Carter Brooks
so im making this shit more complicated then it needs to be is what you're saying.right now im watching for ema,rsi and macd to cross before i do anything. Its been working pretty good so far. Could be luck though
Cooper White
support, resistance and basic chart patterns are the most important part. the main emas and rsi are a good addition. the emas tell you the same and more than macd. scrap that indicator. you are your biggest enemy once you've got a working system (which can be as simple as buy sup, sell res). fear, greed, hope, ... are what makes most trader blow out their accounts a few times before they really get it.
Carson Flores
>fear, greed, hope my problem is patience. I want thigs to happen to fast and then sell a min to early
