/biz/ - Business & Finance

I literally have a bot that trades the crosses on the 12 hr STOCH on bitcoin blindly on Cross.

It's actually a cheatcode for bitmex lol

>>17580612
Easy: I am not a trader. I am a HODLer who sells when shit is going parabolic and buys when /biz tells me to.

Beats 99% of traders

>>17580642
you're not one of those guys on the leaderboards are you?

>>17580612

>>17580612
>What is your edge as a trader?

>>17580612
>99% of traders think they're the 1%
this is the very reason why only the 1% makes money.
its gambling and the house always wins

>>17580612
>What is your edge as a trader?
i can short bitcoin for months in a bull market

>>17580612
The 1% doesn't have an edge either; they just got lucky during a finite sample and would lose money over infinite trades. A small percentage of people playing roulette or any other -EV casino game will also be profitable over a finite sample.

>>17580841
i disagree bitcoin is a device that transfers wealth from the impatient to the patient up or down this is true.

"99% of traders lose money" is nonsense created by bitter coping losers. Around 25% of traders are profitable.

>>17581029
This “statistic” was actually 90% and it was actually “day trading” as defined as opening and closing a trade the same day. So it doesn’t even include swing trading which is more profitable.

>>17580822
Joe?

liquidated again, OP?

>>17580612
Don't tell anyone anon, but my secret to success is to buy low, & get this, sell high. I know it's sounds crazy but if you do that enough times you'll be able to retire.

>>17580612
Not being greedy helps a lot