Post pics where you got fucked by a whale's stop-loss run despite making the right play.
I'll start. I longed this asc triangle with an avg entry at 7980 because we just went down 500 points and a correction was due. Market maker popped my SL at buy in just before the pump because, you know, he can.
FUCK YOU WHALES
Don't think I'm not done nigger
Right before the breakout pump to 8.2k from 6.9k I built a HUGE position with an average entry at 6.85. Shorts had just reached a new ATH. I knew market maker was going to blow that shit up and shorts create buy orders when liq'd, so it was going to be HUGE.
Right before the pump the whale flash crashed us to 6.7k, my SL was hit, and 3 hours the EXACT mother-fucking thing I predicted happened.
if you're not a whale, you're going to end up losing money by daytrading.
Those people have bots that outsmart you by 100x and are eating all the little fishes like you.
I opened a short at 6950 at 50x leverage. Price did the dip back down to 6700 and I was sitting at a nice 113% profit. It was 2 AM. I looked at the chart and thought
>I should close my short and open a long
I didn't. I got greedy and went to bed. I woke up and it was fucking 8k.
>Stop loss
Fucking state of these R*ddit fags
Test pump and stop loss hunt is the last steps before the pump
It makes it sronger by creating bag holders and kicking out weak hands
I just try to make sure I buy coins that are at or around their all time low in btc or on a stable floor and wait
>despite making the right play.
you're being manipulated and you don't even know it kek
Sucks to be wrong. I don't use any of "the rules" to day trade, just pick up what I feel like and sell when I feel like it. Up 500% since December.
>crypto
>stop loss
you do realize you can lose everything when an exchange shits itself for even a couple of seconds?
look at this larper here
youre an idiot. This is called a 'spring' (see wyckoff - get a clue.)
>no leverage
baby
>inb4 gambler
if you can't trade on leverage and mitigate risks you'll always be a baby trader
It's only a spring after the chart has already unraveled itself tho, you hindsight faggot
so you are larping or gambling is what you want to say
you deserve it
>i got fucked but i made the right play
Hmm just like poker or blackjack isn't it OP?
This is why you don't sell or short 'breakouts'.
Nope, I called this (and the previous one). Its called gambling, you take a risk and manage that risk which is what trading is you absolute state. Also, learn2RSI ...the spring is printed cleanly on that.
There are people who literally breathe and think trading is easy.
You fucked up yourself OP, your stop shoulda been below that last wick.
This is the kind of shit why memelines get such a bad name. The market will search for liquidity pools and when everybody is looking at the same obvious lines they usually put their stop losses in the same places so you're making it easy to drink your milkshake. Whales are entitled to your money when they have to put very little effort to take it, making money with you is not their objective.
I do all my trades manually now.
>RSI
lmao nice try, misleading newbies to get liquidated because of an indicator that can't be trusted
Your newness is showing. Please go educate yourself on how to correctly use the RSI
>HURRR I USE THE OVERSOLD CONDITION TO TRADE IT
...the absolute state. meanwhile, i'm raking it in.
Using stoploss makes you a baby trader, kid.
If you cant predict down to the exact cent what the fluxuations of the asset while you sleep with no stop loss, why even bother? why not just wage cuck?
Apart from divergences RSI really does not help margin trading BTC. What other signals can you gather from it lol
It's almost like trading in a volatile, unregulated, manipulated market involves some risk.
It's not the right play if you lost, silly man.
I remember similar posts in the past saying the same thing.
Alts are the only way to make money in crypto anymore.
Stop-losses are just a meme perpetuated by whales to trick noobs like you
>selling
blackhole_brainlet.jpg
>Stop loss
It's what you get for being a pussie
Crypto is way too volatile for stop losses, especially if you set them at buy-in price, it is almost a certainty that your position will be red at some point, if your entry point is solid you'll be fine
>i'm raking it in.
If you did we would know by now, you would have posted your balance history, you'll refuse because you're larping
I recognize there's more to placing a stop than just picking the highest or lowest point, but there were 2 significant lows right next to where your stop was (the circle, right?). Particularly the green candle. Your stop may still get run there, but earlier there were enough big players at those points that it couldn't get pushed down further. They would have more to lose if it started to break below there.
this niga gets it, biz you fuken morons if you still dont understand this
this.
a stop loss is to stop you getting totally wrecked instead of a bit wrecked. you cant hug the trend lines, you get killed everytime