IMAGINE TRADING THIS SHIT

what are your position size in each trade? i bet it's very small

>there was a long term study
Academics are notoriously bad at trading. Not gonna take their advice. I can only speak for myself and maybe I'm just lucky but I have made a shit load day trading. And it wasn't just a few big trades, it was from thousands of small wins so you would think the law of large numbers would wipe me out if it was impossible.
>what are your position size in each trade? i bet it's very small
It's the BTC/USD chart so I go 5-10k at a shot. Basically trading 1/2 to 1 BTC a time depending on how I'm feeling about the action. And I trade multiple times a day so I probably put at least 50-100k worth of volume. And that's just BTC/USD. I trade on every pair across a dozen exchanges with a bot and manually.
I get it done, user.
Pic related is the volume of each of my last few trades. 0.1, 0.5, and 1.0 BTC a shot.
Note that due to how high we are and that we are in a range, I'm actually trading small. Lower down, I was going 5-10 BTC at a time and if we move up I'll go back to that.

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Clealry you aren’t the sharpest, day trading requires and thrives on volatility. That is not to say that beginners and fools won’t lose their shirts attempting these markets, however.

upload your order book then

pro tip = you won't

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upload your order book we will see if you are a successful daytrader

oops, you are not.

stop dreaming, if goldman sachs use algos instead of humanoids there is a reason

>upload your order book then
I'll do better than that. Give me a few minutes and I'll make a zip file with screen casts and txt's of my entire strategy, every exchange I trade on and copies of my private keys so you can verify everything for yourself. Give me just a few..

Did I claim to be a daytrader? No. I’m merely pointing out the most basic market conditions day traders seek.

projecting hard

typical loser coping

I did not asked you your private keys... You can just screenscap your order book and post it anonymously here bro...

strange how anyone is able to prove he is successful daytrading

but "BUY MUH COURSES"
"BUY MUH INDICATORS"
"JOIN MY TELEGRAM"

I think you replied to the wrong fren, guy. we arguing the same position here
>winners have to "prove" themselves to losers
That not how it works mang

This is kraken right?

ah yes studies made by scientists. They dont want you to get rich

Whoever cant make money day trading in this market is a moron and should probably just put their money into a low interest bank account.

Yes, you are right. My reply was intended for the OP.

t. posting from his 120 meters yacht in Marbella

stop dreaming faggot you are still in your mom's house and have a net worth >100,000$

Yes sir. Not my favorite exchange but it's the focus for today. Easy to move orders around right on the chart so for the fast action we've been seeing since I got started this morning, Kraken is the shit. I used to use Bitmex which has the same feature but they kicked me off.

Plebs don't know how price moves and market structure, once you get it you can start making big money. Not easy to learn of course,but possible.

where is your ferrari bro? don't you have at least a bmw? a macmansion?

HOW?

ITS SO EASY TO DAYTRADE

I just said it's not easy retard

>Academics are notoriously bad at trading. Not gonna take their advice.
they took the data out of a broker and had access to the trade history of thousands of traders. less than 1% were profitable after 3 years.
Post your trade history if you want me to believe you.

>ITS SO EASY TO DAYTRADE
english.stackexchange.com/questions/396030/what-is-the-difference-between-easy-and-simple

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I've posted enough between my trades today and my position sizes. Funny how the goalposts keep changing. Here it is, believe whatever you want, the money will still be sitting in my bank account.

if you dont post your trade history i know you're full of shit like 99% of day traders. funny how you just post carefully chosen buy and sells, position size, but aren't willing to share your trade history. that says it all.

Holy shit youre an irrational douche

Oy vey, it’s too easy for de goyim to access the markets these days. Time to set day trading equity requirement to $100k minimum heh heh heh

absolutely the best advice ive seen from biz aside from chainlink. youll get lucky once or twice but to do it as a job is a complete joke.

>if you dont post your trade history i know you're full of shit like 99% of day traders. funny how you just post carefully chosen buy and sells, position size, but aren't willing to share your trade history. that says it all.
Okay bro, carry on.

literally just buy the dips at 25x leverage and i've made 4 btc this week doing this

OP is retarded and also a faggot

Are you currently long or short, based user?

>Give me a few minutes and I'll make a zip file with screen casts and txt's of my entire strategy, every exchange I trade on and copies of my private keys so you can verify everything for yourself
Going on 35 minutes now

>Are you currently long or short, based user?
I'm about 2/3 of my account in cash right now. Really expecting a dip back down to 10k or so. Though don't quote me on that as one thing I've found that helps me be successful is I trade the chart as it is, not how it was or how I want it to be so depending on how the whales paint it in the next day or two, I might think we'll never see 10k again. It depends on volume, support, and to a much lesser extent resistance since I find resistance so much harder to trade against than support.
But to answer the questions, I'm still 1/3 in bitcoin and will continue to sell if and when it rises though I suspect the pullback is coming soon.
Still getting it all together. Downloading my trade histories from the exchanges as we speak. It's so much data though I'll probably end up pulling it on Mega and just making a link. Probably just make a new thread too with the whole thing in the OP to make sure it all gets disseminated as widely as possible.

I trade that shit, albeit it's not crypto, and its not daytrading, it's swing trading. But it can be VERY profitable. You are correct, however, I do not know anyone who makes a living from trading, unless I count myself.

>it might dip back to 10k, or it might not
fucking deep

>>it might dip back to 10k, or it might not
>fucking deep
What, you expect me to just start making shit up? This is a perfect example of why people can't make a dime day trading. Nobody has a crystal ball. No matter what you think regarding the future of a chart you are probably wrong with that probability exponentially decaying as whatever future time you think you're projecting to becomes the present. I do not know what the price of bitcoin will be tomorrow, next week or next year and neither does anybody else. I hedge my bets medium to long term bets based on my intuition which surprisingly seems to be fairly reliable. My only long term bet on bitcoin is that it will be much higher than it is right now. Do I know this for a fact? Fuck no but every salient fact I have gathered leads me to believe that is so. As far as my trading style, I'll say it again. I trade the chart as it is. Right now. There are certain patterns that have a greater than chance probability of working out a certain way and I trade those to the hilt. That's all I can do and it works.
My opinion of 10k is based on my belief based on what the chart looks like, the macro-issues surrounding crypto right now and the trade tension between China and the US specifically. I think Trump will tweet, send shit into turmoil, Xi will respond, Chinese people will dump the Yuan and go into bitcoin which is easier for them than a lot of forex due to currency restrictions in their country. Then Trump/Xi will come back a few weeks later with a "Just kidding tee hee" and bitcoin will deflate again when the Chinese go back to the Yuan.
Do I know these as facts? Fuck no, again, no crystal ball but it's what I believe and my track record is better than even. Even then, I'm hedged with 1/3 of my money still in BTC and 2/3 in cash. That about represents my confidence in the scenario as it is this minute. That could change in 30 seconds. Good luck.

so here you bought at 11.9 11.8 11.7. it went to 11.2. The rejection to 10k could have happened here, you didnt sell. you were willing to baghold back to 10k?

You can make easy money day trading. All you have to do is watch for the good dips and flash crashes then you buy the dip and then sell when it goes back up 5-20%. You just have to make sure you aren't "catching a falling knife" and you can usually tell that by looking at the trade volume.

>no discernible patterns whatsoever
>best period
nigger pls

jeez it's so easy right, i wonder why people dont become millionaires daytrading

they made 300$ last month, mommy is proud of them.

they promised her they will have a lamborghini soon.

What program is this? platform?

bitcoin wisdom or kraken i don't know but it look like shit

Isn't it easier to just arbitrage?
Eth for one.

no you need the infrastructure and the brain power.

>The rejection to 10k could have happened here, you didnt sell. you were willing to baghold back to 10k?
Not really. Like I mentioned above, I trade the chart as it is. I trade my stack as it is, not how it was prior to the last trade or now what I might "lose" or even "gain" on the next trade.
I simply look at the chart and if the setup suggests it is time to sell, I sell, if it says buy, I buy. And I do it in volume proportional to the size of my account in context of what the chart is telling me. I hope I'm being clear.
So if I had a "bag", the reason I would have it is because if I had done anything else, though it may have worked in this specific situation, I am in reality acting contra to the probabilities of that specific setup. It works this time but in the long run I get rekt. That's what you have to do. Trade what is. If you trade the chart according to the probability of outcome and you only take setups that have a positive expected value you will win in the long run even if a "rejection to 10k" happens when you don't expect it.
No fear, no euphoria, just be and do and execute. That is how it's done.
Kraken. When I'm manually trading bitcoin I do it directly on the exchange. When I trade alts, I usually use a program I wrote myself with Python, ccxt, and matplotlib. Else I'm using a bot I wrote which actually makes the majority of my trades though it does not make the majority of my money. The latter is when I trade manually a pattern the bot isn't advanced enough to work but still has a positive expected value.

>infrastructure
?

different bank accounts in different countries, algos and strategies depending on the exchanges you trade with. you can't just beat the hft firms as an amateur.

i will say it is difficult but not impossible, even the best day traders will have down days. but it is possible to be profitable on a monthly basis such that it replicates a monthly salary from a normal job.

pic related is my last screenshotted trading day before i got hospitalized. cant look at past trades cause bitmex deletes order histiory every month ( fucking arthur i swear)

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It's easy but its very time consuming to find the low risk ones. I don't think post people have the patience to watch the charts for 12 hours a day. You will also hit slow periods where you might not even see any good dips to buy for a few days etc.

Also I think most people fail because they end up losing their patience and making a bad trade during slow periods or they end up getting caught up in FOMO and buying too high etc.

daytrader here, i make a gazillion of money every day, then bad me logs on drunk on night and destroys all my gains
How do i stop th

>daytrader here, i make a gazillion of money every day, then bad me logs on drunk on night and destroys all my gains
Maybe change your drug of choice to something a little less likely to make you do that. Some drugs have even been touted as *enhancing* performance. Not that I'm advocating anything in particular.

>Wait til line flattens out
>Buy
>Wait til line goes up a lot at once
>Sell
idk seems pretty easy

the issue is not alcohol
you make gains you become confident you lose everything
you make losses you become fearful you make tiny gains

more losses than gains
no one in this thread can prove he is a successful trader

zoom out retard

put a lot of money into low leverage btc longs at this point. wait 4 months until another setup like this happens. profit

you would have buy @6,400$ last summer then
any "trader" allow his bankroll to do a -55% in 2 months
wake up

yeah so you basically make 0.
you will never make more money day trading than holding. the whole game is designed to reward hodlers and fuck day traders.

>zoom out retard
>put a lot of money into low leverage btc longs at this point. wait 4 months

t. december 2017 fomo buyer

what about day trading index future contracts instead of fudcoins? also why no one talks about other markets but crypto here

I watched my bankroll do a -90% during the crash, and yet here I am today up 600% just a year later. Sometimes you just need patience, my man.

600%? Bitcoin is now 36,000$?

>we'll never see 10k again
FACT.

yeah you're hodling and praying. but it's insane risk. ask any professional trader what they think of allowing a 90% drawdown.

>also why no one talks about other markets but crypto here
It has the lowest barrier to entry, is inherently anti-boomer, the market is 24/7 and high-paced which suits our collective autism/adhd.

I feel bad for all the retards who unironically are unable to program their own automated trading bot

>what about day trading index future contracts instead of fudcoins?
Some of us trade those too. I spend a lot of time buying and selling SPXL options (made some good money today) but I guess people just don't find that interesting since it rarely comes up except in /smg/. FWIW my SPXL option strategy is very similar to my BTC strategy. My perspective on the two are the same. I try really really hard to not be a bag holder and so far so good but I would hold either one if I got blindsided into a huge position one day. Naturally I'd work the trade and get out but if it took 6 months I'd just grit my teeth and get to it.

You actually have helpful responses user, thanks for the info, I am digesting it an processing it as I admit most of what you said goes over my head. Can you expand on your statement of "trade what is"? it seems to be deeper and more complex but simple at the same time if it makes sense.

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>anti-boomer
I feel like it's always the boomers here that are sperging about crypto and the local pyramidal scheme with 40% interest rate. here at least (Brazil) future Index doesnt seen to have too many barriers apart from the retarded taxes (20% plus a couple smaller ones) to entry, and its also easy as hell to get gains since all you need here is knowing how to set correctly the support/resistance to succeed.

Im a scrub when it comes to trading but I want to give it a shot so I can learn a thing or two. I'd like to trade on binance as that seems to be the most popular but the chinks blacklisted the US. Anyone know how to bypass it or know any better sites for trading?

You're the user that recommend Al Brook's books. Thank you based and red pill user for educating the brainlet plebs. You're doing God's work.

To succeed trading, step 1 have a system that is scientific, mathematical and psychologically tenable. Trading is based on profiling a chart, finding series' of candles and volume action that conform to a pattern in your system then applying your system to that chart to completion. Either the chart falls out of the pattern and you sell at a loss or it reaches a point where you get out at profit. You don't look at a chart that is almost but not really and think "this is close so I'm going to try". It may work that time but in the long run you will get rekt as surely as if you were playing roulette.
When you take a set up and it goes against you, you can't let your "losses" affect your judgement. When the pattern comes to completion and the chart moves on, get out. You can't regret a loss you just do what is probabilistically rational. Do that and the law of large numbers will ensure success.
For example. Imagine you trade base breaks like pic related. Base breaks as you know is a play on support. Look for huge drops beneath previous support and if they move down sharply enough and bounce strongly enough you can assume there are whales that are "supporting" that price especially with the money required to move the BTC/USD chart here. So you find your support and then you wait for the chart to go beneath that support. When it does you buy. You now have a 90% probability that you can sell at profit as the price is that likely to at least come back to that previous support based on the history of the chart. You job is to coldly and methodically review the chart and make sure you are calling acutally drops and bounces and not what you *want* to be drops and bounces. You make sure your percentages are right. If the chart drops 30% below support on average, you need start buying at 15%. Not at 5% or 10% like your emotional self will tell you but 15%. If it doesn't make it, you let it pass.
That's whatI'm talking about. Hopefully it's clear.
Hey!

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so where's your course? lol it seems like the only helpful one

The study was on stock trading which is fundamentally very different. There haven't been any conclusive studies on forex and especially not crypto

>scientific, mathematical and psychologically tenable

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Are you more cash bias, meaning you like to sit more on cash than BTC? Or do you focus mostly on leveraged position in BTC because we're bullish on the macro time frame?

Don’t be a dick, man. Not every trader here loses. Fuck off.

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>so where's your course? lol it seems like the only helpful one
I'm too lazy and after putting all the work into making one I'd probably end up realizing I was just lucky as all my students get rekt. It'd be horrible.
>The study was on stock trading which is fundamentally very different. There haven't been any conclusive studies on forex and especially not crypto
I was thinking this but forgot to mention it. Thanks.
>>scientific, mathematical and psychologically tenable
The comment started out as 2800 letters and I had to edit the shit out of it for 4chins to accept it. Hence that bullshit. You get the idea though.
>Are you more cash bias, meaning you like to sit more on cash than BTC? Or do you focus mostly on leveraged position in BTC because we're bullish on the macro time frame?
My largest flaw as a trader right now is I am biased toward bitcoin. I believe it will be much bigger than it is right now so I tend to hold more of it than I should. When we were at 9500 I was something like 90% in which was a very dangerous position to be in but there it was. Objectively I'd say a person shouldn't never be more than 70/30 BTC/cash and even that is probably pushing it a lot. Of course this isn't taking other investments into account. Strictly in the universe of crypto 70/30 max. You have to keep some dry powder for a dip else you miss it and you never really know when it's coming. This is also in context of your overall trading style. If you are a die-hard hodler then the mix is different. If you day trade like me then you need a lot of cash to catch dips. Also day trading is an opportunity cost vs. holding. Since I obviously never get all of the upside. To balance this in my favor, I have to be very ready to catch large amounts of the downside when a trend goes bearish. That's just me though. Right now I am something like 60/40 Cash/BTC. I think. Last I checked.

Any way to contact you, user? I'm not a complete know-nothing but I still can't really get it to click. I could show you my current btc chart and my extremely basic strategy

>Any way to contact you, user? I'm not a complete know-nothing but I still can't really get it to click. I could show you my current btc chart and my extremely basic strategy
Sure, I'll check it out and help if I can. [email protected]

do you post charts to TV or twitter at all? would love to follow there

I don't but I should. Probably be fun. I'll give it some thought. If I put something together, I'll either email whoever emails me at that protonmail address or I'll make some kind of racket on here with a few threads shilling it.

larp

>Also day trading is an opportunity cost vs. holding.
you will never be as profitable as hodling, or at least playing long swings. you should have just bought below 4k and hold.

Also basically you just use a price action strategy with support resistance, nothing scientific here.

Thanks I'll definitely be hitting you up later

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>you will never make more money day trading than holding. the whole game is designed to reward hodlers and fuck day traders.
That's not necessarily true. With day trading the money is guaranteed if you can do it right.
If you are just buying and holding then you are not guaranteed a profit. There are a ton of coins/tokens that hit a high price but then never recovered and likely never will.

>you will never be as profitable as hodling, or at least playing long swings. you should have just bought below 4k and hold.
I started this whole bitcoin trading thing with a very small and specific amount of money and have never added anymore though I have pulled some out from time to time.
Right now my account is at least 200x what I put in. That is 2 orders of magnitude and a 2x after that increase. I assure you, the price of bitcoin has not moved even a single order of magnitude since I started. You picking up what I"m laying down?
>Also basically you just use a price action strategy with support resistance, nothing scientific here.
It has positive expected value. I'm not sure how you define "scientific" but that's close enough for me.

now this is a brainlet

Based rant. 9.5/10. Thanks for sharing.

you buy a dip, it goes lower.. now what. you cant predict where it will stop. 2 days ago you coulnt predict it would dip to 11.2 and not lower.

Post your annualized total return from trading for each year for the past three years you absolute faggot. Nobody with a brain cares about muh daily PnL.

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>you buy a dip, it goes lower.. now what. you cant predict where it will stop.
Yeah, you got it. This shit could all go to zero tomorrow. It could also go to 50k or 10k or 15k. Who knows. It's like forecasting the weather. Yeah, they'll give you a 10 day "forecast" but of course it's bullshit. As the tenth day gets closer though they have a clearer picture and course correct. Finally what was 10 days out 10 days ago is today and you look at the weather report then look outside and they seems to coincide pretty well. Trading is something like that. I can look at the history of a chart, fundamentals, volume, new regulatory bullshit, and on and on then make an educated guess of what I expect to happen. The further out I look the wronger I am but when I look at the chart right now, some of the time I have better than chance odds of either hitting "buy" or hitting "sell" and it going my way. Most of the time I have very little useful insight so I do nothing. Of course nobody else has any insight either so they do whatever they do. Those times I have a 50/50 chance of getting it right or wrong. However when the odds nudge just a little in my favor, I act. Over the long term, those little in my favor moments add up. Thanks to compound interest, they add fast enough to keep me entertained enough to do it all again tomorrow.
You are thinking in terms of specific events. I am speaking of probabilities and discrete combinations of numbers. That's all it is.