Is day and short therm trading a meme?
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It leads to addiction, be careful. Also more risk and great chance that you lose money when you don't know what you're doing
Yes, it is an absolute meme. Don't end up like that one guy running around here LARPing with his blockfolio claiming he made 200k during the bear market. Who the fuck is that guy kidding? You know the one.
inverse psychologists, remember do opposite OP
I have tried daytrading and it was all going good until corn barted down like $1k and now I'm stuck holding a heavy bag.
Reverse reverse psychology. If I were a day trader, I would want newbs like him in the market so I would pretend like day trading is a meme so he would think I was tricking him and he would dive in that much harder.. Just to give me all his money. You figured me out. Congrats.
you know what to do
>always
In crypto? kind of but unless you find some very specific pattern that breaks the market, which is possible but hard to find, having bots that do market making and stuff like that running with multiple strategies at once will always beat humans since even if they're not perfect, they can make way more trades and not let emotions get in the way. Crypto is shallow so most of the trading is bots anyway and everything is very correlated with the bitcoin price.
In the stock market it's probably worth it since there's little correlation between stocks, you can probably find something good to trade most days
i prefer to swing trade
jesus christ user, it's not that you have it backwards, you just have no fucking idea
The key is not to trade against the bots but to trade against the other humans. It's almost like 2 parallel worlds are existing alongside each other and while they nudge and jostle each other around, you can choose to trade within either one or the other. Sounds like some bullshit but think it through.
Everything is being manipulated, humans or bots whatever.
And there's always a pattern to the manipulation. Remember, the guy on the other side puts his pants on one leg at a time. Your job is to jump into yours with both feet.
Only if you're bad at it. And most people are. Yet another pareto distribution, top 20% make profits off of the bottom 80% losses. In daytrading in fact that number goes up even higher to 90% lose, I've heard as high as 95%
Are you good enough?
yes, there is almost no way to predict which way the market will bart
I even tried to put both buy and sell orders outside the range in order to catch the bart breakout in both direction. Guess what, JUSTed every single time. The market will either wick, do some ultra fast bart reverse bart combo just in the way that my order will get filled and then reverse. This has happened 5/5 times that I tried.
Have you considered, I don't know, trading something other than BTC? Bitcoin itself has a ton of very sophisticated and monied parties trading it at all times. There are quite a few alts that while they are still manipulated, it isn't to nearly the same extent and certainly not by as many people with the level of means and competence.
yeah you are right, but I find the problem with alts that they still depend almost 100% on btc
For getting good entries, let me shill you my friends discord server for free trading signals (yes, from paid groups)
discord.me
Definitely akin to gambling. This market is unregulated as fuck user. You need serious luck. You can't arbitrage anymore because bots will slaughter you when you try to liquidate. The best thing you can do is stay informed and be more informed than EVERYONE. You need to consider, not everyone in crypto knows every bit of news as soon as it comes out. Not every crypto day trader is scouring as many news sites and twitter feeds as they can looking for the same hints everyone is. It takes time for information to spread to the masses. The early bird gets the worm so to speak.
no it is real. i made around 200 k and i only started with 2 euros. btw my cock is massive.
He is correct. He made 200 k and his cock is massive. Can confirm. I am his gf :$
lets fuck right now stacy.
Alright Chad :)
I’ve been day trading succesfully but I started only in the end of March, so too early to claim that I can make it. Since then I 3x my bitcoins. What I do is trade buy alts and sell them at a short profit, like 1.5%. Today for example I managed to do 3 trades like this.
Therm trading? Count me in! I have duplicates of Chewbacca and Lando.
How the fuck do you get bags from day trading when you're supposed to close everything at the end of the day
>hold only makes me bleed
>try day trading on binance
>ETH stack increasing everyday for 2 weeks
>stop and fall for the hold meme again
>resume bleeding
What kind of indicators do you use to day trade? Support, resistance, bollingers, rsi, patterns, structure, etc?
My indicator is common sense, I know very little about TA..
This is what I do:
Go to binance, advanced chart, 1h chart
Start running through all shitcoins
Switch on bolinger bands and rsi
If something is around 30 on the rsi and close to the lower band, i take a better look
Make sure it’s hitting a support zone
Market buy, place a sell order for 1.5%
It’s that easy. Some rules: don’t buy shit with low volume (below 50btc is no go) and if the support you’re counting on brakes, then sell at a loss, don’t even think about it twice. Today I profited from MTL, MOD and RLC. I just got now into ARK
How often do you make your 1.5% profit, and how often do you lose? What % is your stop loss on average? That's interesting. You'd be pulling what, 30% profits per week? Nice man.
Also take a look at the depth chart. I don’t really trust this because of bots but if there’s a big sell or buy wall that’s always something to account for
The meme is HODLing is less risky than day trading.
30% a week is maximum I got, normally leas since you also lose.. Let’s say I lose 2 out of 10 or something. And when I lose it’s around 3-5% I don’t let it go much further than that. I’m getting better though and I think soon I can consistently hit 25% a week
not crypto.. fucking dumb ass
>Is day and short therm trading a meme?
yes, the bot allways win you, insted you trade with 15$
Like if you think it's a good idea to just HODL then why not trade without a stop loss. If you think it's eventually going up anyway(HODL), why sell at a loss?
You're asking this question on Jow Forums, where people dismiss TA as "meme lines."
No, day and short trading is not a meme, but it's very difficult. Unless you do your homework and devote more time to it than you're probably willing, you will probably lose money. One bad trade is all it takes to undo weeks or months worth of gains. If you don't know what you're doing, or you don't plan on spending the majority of your day studying the charts, then you're better off holding
Awesome man, congrats. I've been studying TA nonstop for months, think I'm close to hitting it fucking big. Don't give up!
What do you think helped you the most in getting a trader?
Ask yourself OP: what are the two extremes in trading?
>holding forever
>day trading
Answer to everything in life is balance. Swing trading on a monthly basis (1-3 months) is the ideal.
Thanks man! I certainly won’t stop with this kind of profits. Even if I lose 30% on ine trade, which is very unlikely, it’ll take me 2/3 weeks to recover. Day trading is not a meme you guys just need to do it right. Put your emotions aside, find a method and stick to it. Don’t be greedy, small consistent profits are the answer. Don’t be afraid to cut your loses. If you have a method you don’t even need to waste much time with it, I do it while working full-time and with a small kid to take care of
This. You gotta find the right timeframe for you to trade on. Depending on the time you wanna put into it. Just HODLing is stupid if you are not completely clueless about trading.
In crypto, yes it is