>only risked 2% of my account on a stop loss and ceased trading.
>hop on the real time paper trading
>follow my rules this time
>trade with the flow
>pic related with 1 contract ~15 trades, ~15 points avg on each trade
Why, why do most traders do not follow their rules when it is a contingency to limit your losses and to gain profit?
Its easy to think this in hindsight but damn I need tro work on my control to follow my trading rules.
Probably cause' I have a program do that for me.
pic related of one of them shitting some output
>He doesn't realize you can easily know his full account balance from basic math.
Hey but he has a program
> he doesn't know the "account value" line isn't in USD, but that of the shitcoin being traded by the bot
> he doesn't know that it has been given a smaller amount to play with, as it's a new bot out of a total of three
Typical turbo normie response. Pointing out the obvious that doesn't actually matter in the grand scheme of things. Yet you wonder why you're not wealthy in life and finances.
Pathetic.
You do realize neither of your "explanations" change the fact that you blocked out something that can easily be determined by things you didn't block out, thus not negating the fact that you're fucking retarded. Nice LARP excuses, though, poorboy. I spent $1300 on a 9 inch piece of art done in marker yesterday just for fun, and that's your entire net worth. But what's worse is, you're not even humble about it. You're still a piece of shit. Kek.
a bunch of letters and number with the real info blocked out.
This means nothing. Can you apply it to any indices?
> change the fact that you blocked out something that can easily be determined by things you didn't block out
> Pointing out the obvious that doesn't actually matter in the grand scheme of things.
Blocking out the account value line prevents you from knowing the shitcoin.
I guess I had higher expectations of your intellect.
> I spent $1300 on a 9 inch piece of art done in marker yesterday just for fun
That's actually just sad.
All he can apply is him being a smug asshole to a Jow Forums thread where he brags about making $35 off a $1300 investment and puts apostrophes in the wrong place, calls everyone "turbo normies" while typing in a way that proves he's been on biz since December at best, and generally makes himself look retarded.
LOL you think I care about what shitcoin you have $1300 in? I REALLY want to know the shitcoin that made you 2.5% in a market where fucking everything moves more than 2.5% within a 1 hour time span every fucking day. Enjoy being a poor asshole for the rest of your life.
Wish I could senpai, but it took countless months to automate the process and since the changing of Jow Forums over the years it, really does no justice in helping another user. I say being sincere as possible.
Wait. I thought I was a "larping poorboy"?
> LOL you think I care about what shitcoin you have $1300 in?
Well you don't, but those that are of actual intellect like do.
> I REALLY want to know the shitcoin that made you 2.5% in a market where fucking everything moves more than 2.5% within a 1 hour time span every fucking day.
Really? I'd care about knowing the shitcoin that someone is making 2.5% in 6 hours on. Especially if that someone is smashing while making 2.5% or maybe wageslaving while making 2.5%. I mean if that someone decides to call the bot a win, that someone can always throw more to it that's on reserve.
Just sayin'.
> Enjoy being a poor asshole for the rest of your life.
Umm okay.
>Wish I could senpai, but it took countless months to automate the process and since the changing of Jow Forums over the years it, really does no justice in helping another user. I say being sincere as possible.
No worries, I was just wondering if its possible to make a bot for the DOW because that would remove the psychology aspect that many people fail at. I read that the only people successful at trading are pretty much philosophers and psychologists because they know how to separate their emotion and strictly follow rules.
Show all your trades. Also, what is your risk / reward set up?
I used to put 90% on a trade. Either you know what you are doing or not. Stop loss is for people who know little to nothing about each trade. Using tactics to compensate for your inability to understand basic trading behavior will only as far. This is the key reason for not being rich. Fear and lack of knowledge.
This was all on my real time paper trade if you read that part. So there is no log of trades.
My strategy in laymans terms is trading with the trend. I have a couple of MA's and depending on the overbought or oversold of that time frame and maybe one other I will trade in that direction. My profit is 11 points ($55) and 10 points as a stop loss.
>I used to put 90% on a trade.
Are you more conservative with your trading now?
With stop losses I can not not use them because what if it continues going up? But then there are many times it goes a few points beyond my stop loss, takes me out, and then drops to my target profit.
> Using tactics to compensate for your inability to understand basic trading behavior will only as far
Can you explain more on this?
The dow wouldn't be profitable. It likes volatility.
> know how to separate their emotion and strictly follow rules.
It's all about risk management when it comes down to brass tacks.
i wish i was smart like u user
When I say "it", I mean the bot.
Since you're in stocks and like stop losses. Might I suggest swing trading $12 - $5 stocks? I'm sure that's more up your ally with following the rules and being able to mitigate risk.
Books user. Books.
noob question here - I want to buy some BTC - got 1050 eur for it, can someone explain to me how fucking leverage works?
For example I understand that fees also fuck me up good so I made a plan ( 0.16 maker / 0.24 taker )
If I get in at 7575.35
sell at 7676.52 for that 1% profit... if I do this few times a month It could mean something ( Living in eastern europe )
Now with leverage - I see the option for 5X at buy, does this mean that If I want to buy for 1050 eur I get borrowed 5x times that to buy more or wtf exactly, I'll leave my assumptions aside and wait for explanation ty !
Thanks, that's mostly what I was interested in. The only thing you may want to consider is adjusting your ratio to something like 15:10 (or 16:10 if you're using that tick to cover fees). With a 1:1 ratio, being profitable is extremely dependent on your strategy being correct over 50% of the time. It's already gone 10 ticks in your direction, why not 5 more. Those 5 ticks will give you a little leeway (you'd only have to be right 40% of the time) and add up over time. However, I know scalping is not exactly like trading on a longer timeframe.
>The only thing you may want to consider is adjusting your ratio to something like 15:10 (or 16:10 if you're using that tick to cover fees).
I have been considering that, but once it gets to a point where I THINK, but not sure, that it could make that I begin to believe that it can go higher or lower and that I doubt myself that this may not be the top or bottom. Thats why I try my best to trade with the trend so I dont have to worry about finding the top or bottom. Ill definitely try it out tomorrow morning.
Pls nigs.
yea thanks, it's too bad by the time I get good enough to code and implement a trading bot BTC will be at $0
It's going to depend on how much volatility is involved of course. 5 ticks more may be iffy if the vix is in the very low teens, but 5 ticks on a day like today is nothing, especially if your trade is going with the trend. If you remember some of your trades, you could see how often it would have went 5 more rather than back down 20. You have to have an edge to make a large number of close ratio trades work.
>If you remember some of your trades, you could see how often it would have went 5 more rather than back down 20. You have to have an edge to make a large number of close ratio trades work.
Yes exactly, with days like today I would definitely risk going with a few more ticks if not double when going with the trend. But on average days its hard. I only trade the first 30-45 minutes of the opening and then the last hour for the volatility.