Hi Jow Forums

Hi Jow Forums

I quit my job to crypto trade. Who else here is doing the same (successfully)?

Currently for myself, I make $200-400/day minimum with a tight stop loss. I know I'm the scum of the earth, but I'm curious to see if I'm alone or not. Thankfully, my wife is involved in data science and myself in finance, so it worked out very well. We have certain metrics to swing trade; needless to say it's working exceptionally well. As of today (compared to 5 months ago) our algo has only lost capital twice, and there's an additional parameter to cease trading before heavy consolidation/high risk zones. It's becoming very obvious to me Jow Forums ...

Am I alone here? Not trying to sound like a pretentious cunt-faggot-dick sucking-whore, but I learned everything I needed to from reading a shit ton of books, YouTube, and other online avenues - why aren't others doing the same?

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Same. Are stocks this easy to algo trade or is it just crypto?

Wait...you've only lost two trades? How often does it trade?

Stocks are easier with less return. It's not worth it right now. By "easier" I mean ALOT easier. Forex can be more of a challenge.

Just for you, I went into excel and took the average for 2017.

5'ish times/month is the average - keep in mind, we always change our perimeters according to certain metrics. It's a daily collaboration for us both to ensure everything is correct for the time-frame.

Thank you. I wish we could talk shop, but I don't think a public and archived website is the place to do it.

I'll be honest, I keep expecting some black swan event to slap me in the face. Making money shouldn't be this easy

I want some blotters of this Alex Grey image

How much tax u pay

I don't mind, archived or not, I don't mind people using web-crawlers on 4cahn to try to understand my post.

From my understanding, the difference between myself (and you, possibly) is that anytime I see profit (target fulfilled), I put it into my bank account.

No excess risk, I always take wins directly into my account - I don't feel bad for "missing out" on a pump beyond my target.

where do you get your data from? might as well give this a go.

I pay the exact amount of taxes that I should, however, I partake in certain tax-break actions which decrease my overall taxes by...alot.

Eh, fuck it youre probably right. We're not that important.

Instead of a concrete price target I follow the price with a moving stop loss that stays outside the average volatility. You don't use any machine learning, do you? I'm suspecting ML based purely on TA is garbage...some quant friends told me this...lots of firms stopped ML

If this is true, you can quit bothering to make your $200/day and sell your algorithm for a shitload of money.

It's a mix between social data, web-crawling, and "financial/trading" technical data or analysis Perfecting this recipe is actually a lot more work and logic than it seems.

I'll give you something, RSI is important.

you are anonymous mongo

You are talking out of your ass. Or you don't know the right terminology. Which again makes you talk out of your ass.

The only way I can see RSI being exceptionally useful is for detecting divergences. On progressively smaller timeframes, overbought/oversold tends towards some potentially disastrous false positives. There are better indicators for overall trend, if that is the goal. Anything I'm missing?

how do i win? also i'm thankful for that picture

What are your main strategies?

>"I learned everything I needed to from reading a shit ton of books, YouTube, and other online avenues - why aren't others doing the same?"
>Tfw OP doesn't list his most valuable resources or give advice.

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Bla, bla, bla.... Where is your wallet screencap?
Fkng pajeet

Relax OP, I am going to quit my job next week. Company was not up for investigating more blockchain-options, so with my sick gains from LINK I am going to found a competing operation.

OP typical pajeet that dreams about being successful in crypto every night.
Also 400 per day is literally zero.

I'll have a crack.

Market participants, whether technical or fundamental focused, use 2 overall strategies

1. Trend Following

2. Mean Reversion

I've noticed many people in the crypto space incorporate social media monitoring, particularly Twitter, into trading stratagies. What this is essentially doing is focusing on a leading indicator of Demand.

Demand leads to sell limit orders being cleared, which leads to upward momentum in price.

Now, because OP says he's able to use close stops, I assume he focuses on market conditions which are relatively low in volatility.

So, monitor some form of social media web scraping to find what you're looking for, in terms of activity. Then there is a check to see if the coin in question is low volatility (allowing for close stop placement). Because he also mentions a momentum indicator, the RSI, I assume this is incorporated in use for quantifying the strength of momentum, once a coin moves from low to high volatility, in a given direction.

Because he swing trades, this implies a focus on momentum on higher time frames.

So to sum up: some kind of volatility/momentum based strategy.

Good luck for you, I'm all into chainlink so trading is a big, dirty NoNo for me.
Live long and prosper

what books and resource do you recommend?