How does he do it?
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Only thing I could find is that he enters / exits based on a certain deviation away from a particular SMA
Insane Japanese dedication
Same here: Return to the mean strategy based on the 25SMA and with tight stops. I still think there must be more to it.
Can you give a quick run down on this plz? Who is this
Remember that one kid in your school that was really good at Starcraft or League of Nations? That’s this guy but instead of video games he used those same skills to make over $20 million dollars daytrading like a degenerate.
Anton Kreil would be so fucking pissed.
Anything for a polite user.
BNF is Japan's best daytrader after CIS. He's not as mysterious as CIS and has shown his face on TV, but it's hard to find information about his trading methods. All I know is he specializes in knife-catching. Wait for a stock to be really off the 25SMA and buy betting on a reversion to the mean. I guess he uses RSI or Bollinger bands to know when to buy.
some japanese shut-in who supposedly turned $13k into $150 million for day trading stocks. I watched some video clip where he said he doesn't even look at charts, trades solely based on price action. Lives alone and doesn't spend his money on anything, eats nothing but instant noodles.
all the info about him was from 8 years ago or so and then he seems to have dropped off the radar. Wouldn't be surprised if he ended up losing everything
>he doesn't even look at charts, trades solely based on price action.
>he thinks that doesn't make sense
Yes as in he looks at buy/sell orders instead of charts. Look at the screens behind him, see any charts?
This retard made most of his money by some guy working at an exchange fat fingering an order
He made $20 million. There’s another $130 million to account for. And at 200 trades a day he’d have lost it all if there was no edge to his strategy.
He would be a no one and this thread wouldn't even exist if he didn't lucked out some 20 million
Nope, thats pretty much what my bot runs. Simple as fuck. You just need to add in checking higher timeframes (ie not mid-crash haha) and you're golden. It's insanely effective, mean reversion is the bomb. I even use it manual trading on Bitmex. Much better than TA memeline bullshit (it's a stats based strat, not TA).
Interesting since I've been experimenting with trading based off just the order book. Suffice to say it's pretty tough even with short scalps of 2%. With a more liquid market I could see it being a bit easier
Yeah, statistically predictable outcomes are all about luck, right user?
Are these typically scalps within 1-5%?
If you randomly got 20 million out of single random mistake from someone else years ago you could have put 20k on every single shitcoin on the top 100 of cmc and you would have beat this guy easily
Making money when you have plenty of money isn't hard, the hard part is making enough money in the first place from nothing
I've read about a few successful traders now whose strategy is literally just to watch the L2 order books all day and trade based on feeling. It makes sense, the market is an incredibly complex thing, you'll never think up a winning strategy by following some simple TA indicators. The brain however is remarkable in its ability to identify patterns unconsciously out of random noise. This was 10-20 years ago however, I doubt it's worth bothering with these days.
>sell trades for 1% profit
>buy back lower
>rinse and repeat 5-10 times a day
>do this for a few months, depending on how much capital you have
>???
>you’ve made it
It’s not that hard. It’s time consuming though, which is why I don’t do it. It could take literally all day to get that 10% goal. I did it one day and it took over 7 hours. It’s basically like having a full time job. My lazy ass doesn’t want to work.
which bot do you use? was thinking of starting with profit trailer then upgrading to gunbot
So, how do you confirm an oversold condition? RSI, Stock RSI, BB? Do you catch the knife or wait for the rebound?
This. If you watch charts long enough, you’ll get a “feel” for it. Your subconscious mind is very powerful. Even if you consciously think something is a good idea, go with your gut feeling in crypto.
lol fuck off, nobody can make 10% a DAY. with 10% a day you can turn $100 into trillions in like a few months
You forgot risk management, user. 50% of your trades won't go up, maybe more. you gotta make sure your winning trades do better than your losses, and I don't think scalping 1% per winning trade works in the long term.
It's pure momentum. Look for big buys, get in, and get out 10 seconds later with a small profit. Basically high frequency trading before the bots took over.
Yes you can. Nobody wants to do it though. Like I said, it’s time consuming. Do you know how easy it is to make 1% off of a trade? Pick any top 30 coin and you can easily do it just by getting a feel for the patterns after looking at the charts. ICX can make you 2% in just an hour right now. It’s been swing between 45k and 46k sats for the past 4 hours.
Bro if you take a look at all the top day traders of today they'll all tell you L2 is key. It's called momentum trading. Looking at TA can only do so much as it's a lagging indicator and the trades these guys make are in-out in-out that depend on immediate signals like the market depth and the time and sales.
That’s why you have to get a feel for the charts. Study different charts for different coins and subconsciously learn the patterns. Then pick one that has been following a set pattern for the past couple hours. Wait for the whatever price the bottom has been for the past couple hours, but, then sell when it gains 1%. Most people wait for 10% or more in a single trade. Unless the coin you bought is absolute shit and you’re catching a falling knife, it’s gonna go up at least .5-1% somewhere soon after you bought it, even if it’s for just a split second.
>no one wants to make a billion in a month because its too much work
???
out of the millions of day traders 1 is lucky
big woop
>lol fuck off, nobody can make 10% a DAY. with 10% a day you can turn $100 into trillions in like a few months
fuckwit, its relative to volume isn't it you dumb cunt. of course he isn't indefinitely compounding 10%
You don’t understand how lazy I am, user. Every night before I go to bed I tell myself that I’m going to wake up at 7, drink some coffee, and do small trades until 3 in the afternoon. Instead, I wake up around 10, jerk off until 11, take a shit, wash up, make some lunch, and play vidya. I seriously think I have a mental illness. I know I’m capable of so much more. I have an IQ of 142 for fuck’s sake. I’m just too fucking lazy.
IQ...
the absolute meme stats
damnit, i wish i never even started reading this thread.
got me back into trading even though i've done nothing but lose large amounts of money from it and swore it off forever
had much more success as a buy and holder, but something about trading is way more entertaining
Just buy and trade like twice a year is what I do. Sure I leave profit on the table but I dont look or worry about shit for the entire year.
i trade like a degenerate gambler though and will risk 100% of my capital on a single trade. I have an "all or nothing" mentality when it comes to trading. I'll either win big or lose big.
Literally just opened a short right now on Poloniex after not logging in for a year because I lost everything.
$531330.65 if you managed 10% a day for 90 days with $100 starting. No it's not because you're lazy, it's because it's practically impossible.
Buy when there's buying. Sell when there's selling.
I'll give you some free advice.
Manage your fucking bankroll you dweeb.
Do not bet over 2% of your entire bankroll on any given play.
There, 50k worth of free advice.
He literally got 20 million for (almost) free because someone fat fingered a trade. I haven't looked him up since 10 years ago, but there is probably a lot of information on him online. He still turned that into a lot more money, but it's a bit like if you suddenly had 2000 BTC because someone mistyped their wallet address. You still would have to work to turn that into even more, but it's a hell of a lucky start.
he made his money due to an technical glitch at the stock exchange a decade ago.
Some company was supposed to offer 1 stock for 31000 yet (or something similar) instead they accidentally offered 31000 stock for 1 yen.
This guy bought millions of stock due to that.
There was no law in Japan to do anything against this legally. Company asked buyers to give their shares back to the company.. Most buyers did. this guy kept his shares and sold them with a 20 million profit the following weeks.
hes autistic, hes japanese, has never had any relationships
just like me, except i generally lose money on every trade i do
He still turned his $16k savings into several million dollars before that
1999 - ¥1.64m ($16k)
2000 - ¥2.8m ($27k)
2001 - ¥61m ($580k)
2002 - ¥100m ($956k)
2003 - ¥270m ($2.58m)
2004 - ¥1bn ($9.5m)
2005 - ¥8bn ($76m)
2006 - ¥15bn ($143m)
2007 - ¥16.5bn ($158m)
2008 - ¥21.8bn ($208m)
there is saying.
getting rich from nothing is hard work (or luck in this case). getting richer from rich is inevitable.
I know people who went from 100 million to zero. Several
and talking about real money on the bank,, not buttcoins or anything like that.
Thanks user. I'll look him up more.
he's a forex trader isn't he? is there any tangible information on what he actually does to determine his entries? in all my study of trading in general i have never found a viable, tangible strategy for consistent returns.
makes no sense to claim 10% in a vacuum though
nobody cares if you double your 20 bucks when the same amount of effort could net you a grand daily through work
because there is none. The market is not rational but determined by human emotions (fear, greed, anxiety etc)
>but determined by human emotions (fear, greed, anxiety etc)
but emotions are extremely predictable? and we can expect people to react emotionally consistently, especially at large. so this is a paradox
Companies like Merrill Lynch, goldman sachs and others invested hundreds of millions into trying to develop algorithms and super computers to predict humans emotions and they could not hack it...
I've read that you are dealing with a million+ different variables that you have to take into account.
i came across this article.. very interesting.
Why the fuck you open short after it drops 300 bucks mate?
You just need to grow the fuck up.
Watch Jordan B. Peterson, and fucking follow the advice, instead of being a resentful and conceited man child.
>A good thread on Jow Forums
This is the most economically illiterate thing I've possibly ever read on Jow Forums.
i think he means something along the lines of exponential growth
Stop jerking off, start working out