Are there any profitable traders on biz? (talking about making consisten profit for more than 6 months+)

buy low sell high

how? what strat? best advice you can give?

Never risk more than 1 percent of your trading capital. So with a stop at -7% your position is Max 1/7. When I started doing this my gains became much more consistent and I stopped getting rekt. Made 11k in the last 3 weeks, only lost 700€ of that in the crash the last couple of days.

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>99.9% of indicators tell you nothing
>99.9% of charting tells you nothing
>always stop loss, idgaf ALWAYS
t. successful prop for 3 years

I do positional trading since 11/2014. The sum of all my trades is still below 40, I believe. I never lost money, BUT I was stuck in positions 3 times for quite long periods with huge drawdowns - all of them recovered and I made some money. All in all I made net profits of around 14k. Considering I started with mere 20k investment capital and only traded equities...oh well, who am I kidding? In nearly 4.5 years this is not much, but still: I traded, I never lost money.

>him

Just dont do it. Unless you had a mentor you stand almost no chance to get anything out of it. With most successful traders I see the same pattern all the time: They either got introduced to it at a very young age by their parents/mentors ( we are talking teens here) or they have an industry backround + are very hard working.

The other requirement that just eliminates most people is capital. Your 5000 bucks in saving are no good here and you cant fall back on that if you fail.

it's clearly a dude

To make money, you need to know when something is cheap and when something is expensive.

I can't trade short term for shit, but if you buy something with a long history and large market cap you can gauge if it is expensive or cheap by looking at inflation adjusted prices.

Oil for instance. If oil is sub $30, you buy. If its below $20, you sell everything you own and you buy.

you fags really need to leave

>I never lost money
dude you got into three! huge! drawdowns during fucking bullmarket in equities. You lost lots of money during that by missed opportunities, had blocked your capital, you dangerously held bags, instead of immediatelly cutting loss and reinvest elsewhere, before it grew to huge drawdown. You only came out in net green because of fucking bull. As a trader, you first job is to survive. Man, you have no risk management, learn it, before you lose all your 4.5y of gains and MORE when a real bear comes

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My lunch money went from 0.15btc hodling all the way down to 0.05btc, in september I started daytrading in desperate attempt to get money back and today I have 0.21btc, still down in usd but up in btc, never falling again for the hodl meme.

tips on desperate daytrading please

I am sorry to disappoint you user, I should have mentioned that the strategy I use is automated, but I think you can get good results daytrading manually. The only advice I could give you is discipline, find a decent strategy, backtest it and apply it. The way I developed the strategy I use was by looking at TradingView charts and finding patterns (applying and analyzing indicators), also reading how the different indicators I applied worked (the theory behind them), the only indicators I use are a fast moving average, bollinger bands and volume, I only finished my bot in october and I was manually trading during september so daytrading by hand is possible, of course the bot gives way better performance but I was also geting decent gains manually trading. Don't get discouraged if you can't find a strategy right away, it took me a couple of months to find one, it was hard work but I think it was worth it.

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