/biz/ - Business & Finance

based

shill me your next alt long

based, actual good trader i find myself in the same trades as you

>>30356671
Why didn't you just labor for the first 10k?

>>30356671
cheers, fine gentlemen of this thread.

My bitcoin is down 25%, but mochimo is up 100% already :))

>>30356759
pretty sure he's pretty rich already considering the trades he makes, this is just a challenge i think

>>30356671
okay, can I give you 100 dollarioos for you to make me a million?

Nice one bro! I just want to say you should have kept up your referral link and not listened to the morons talking about 'benefiting' from referals like its practically nothing and its not like your recommending us to sign up to some shit. I appreciate how you take the time to answer so many people.

Can you possibly explain your trades a bit more for the new people like myself? Like what does mean and why didn't you say what leverage you were using?

BTC ENTRY : 48800-48400-47800

Target 1- 48990
Target 2 - 49400
Target 3 - 49900
Target 4 - 50200
Target 5 - 50840
Target 6 - 51500
Targrt 7 - 52000
Target 8 - 54000

STOP LOSS: 46990 Low lev on this one for me

>>30356671
what coin is everyone buying now?

Please...how can I copy you?

Welcome back, my lord.
I can't help but ask, isn't trading like this extremely draining and bad for your mental health? How is it that you keep going? Do you take any long breaks, say around a day or more?

>>30356671
Please make your futures account public and share trades on binance so we can follow you instead of being always late

Hate seeing your btc scalps after the fact and missing out

>>30356957
This.
I dont mind losing $100

Bybit is blocked in the US. What can Americans use to trade BTC futures?

>>30356671
What TA methods do you employ?

Just follow his trades?

anon, when you do your challenge, for any doubters you should send 1 BTC to those Bitcoin eating addresses, they are valid addresses with no corresponding private keys, eg

1BitcoinEaterAddressDontSendf59kuE

It's basically a way of burning bitcoin, not a scam, you can read about them online, and as you can see from that wallet on blockchain explorer, it has received 13 BTC over the years and never actually sent anything out, because it's inaccessible. Just a thought

>>30356869
I mentioned low lev mate haha, I wanted to ladder down.

>>30356759
To show that a person can make money with only $100

>>30356745
>>30356894
Patience lads

>>30356997
I suppose it can be, but trading is my passion so i find it fun. Think of it as gaming all day instead.

>>30357032
Vpns work, but plenty of exchanges work offer it.

>>30357204
I'm a normie can you make it simplier :( ladder down?

>>30356671
how much leverage?

wtf is this thread? is op sage or not?

>>30356671
best way to do it. just take small % gains and increase your money over time. 2% gain in 5 different shitcoins = gains.
I used to go long on a bunch of coins, never came out ahead because i couldn't time the market. now i sit around, buy dips, set sell at a small %, take the 3 dollars I made and do it again.

I find this thread pretty funny >>30343088, right into my long order.

>>30356957
You can’t, you stupid ass pajeet. You will never be white.

>>30357266
I was entering long orders as it was going down with low leverage, when it dipped to 47k i couldn't help but raise to high leverage as I saw that as a very good opportunity to long even more, Trading isnt black and white I suppose.

>>30357786
What metrics do you use? Do you employ any data scrapers? Or is this just pure TA?

>>30357646
you trade is based on MK and TD sequential indicators? im trading with RSI divergences and getting a pretty good return, also why did you longed there? can you rationalize this entry please

>>30356671
OP, can you please explain why others guy meme head and dhoulders call was incorrect? I don't know hwo to trade, but if we look at TA templates, isn't it really head and shoulders?

>>30357204
Is it really just a VPN to disguise your location, that's enough?

>>30358123
>>30358151
trading based of any meme pattern just by itself will get you rekt.

>>30358167
Haha no legal advice mate. IF you cann't use one exchange there are plenty of others.

>>30358636
What other factors head and shoulders guy should have taken in to consideration?

>>30357204
I can't really see trading like a video game. The money being on the line is what spooks me.

In any case I may have asked you this before, but I wasn't very clear. I have a bot that's a work in progress that scans /biz/ posts for coins and analyzes them to give an indicator of how bearish/bullish the anon is on the coin. As of now I just have a bare bones little python script with a default pre-trained sentiment analyzer. The goal is to train the system on '/biz/ language', meaning such terms as 'bubble', 'FOMO', and 'pajeet', and ultimately give me a few more parameters outside of the standard information a trader would have, meaning a /biz/ bull-bear meter, a twitter bull-bear meter, and an indicator of media interest by reading the news/big crypto media sources. All the combined parameters over a period of months will be used to train a program that trades on crowd emotion and feelings and the usual bot behaviour. So far this post is extremely long, but you get the gist. I believe that this game can either be played with high intelligence and strong nerves like you, or by manipulation and analysis of normie 'muh fee-fees'. I want to know if you think that speculation is a sufficiently reliable indicator of when to buy/sell, or if I'm wasting my time. I hope that within a few months I will be releasing my own series of threads showcasing a bot-trader.

>>30356671
lurking

>>30356671
dude please let us shadow you :( charge for it if you have to.

>>30359209
Speculation isn't my forte, this sounds interesting, but I can't really give much insight. There have been gems given out by biz but, to filter that out and put money on the line for that is also a tough task.

like seeing these threads everyday. good luck

>>30359260
he uses bybit. He can literally do a cat trade account, you subscribe to him and mirror his trades

>>30358636
what else would you base yourself on? inside info? whale movements? intuition? you just need a win-win entry with low risk high reward position imo, so i use intuition and my autism helps

>>30359510
I understand. I appreciate your input regardless. I also do not plan on trading pajeet scam coins or speculate on gems that aren't listed on Binance. Like you, I will be trading BTC and listed alts. Of course, the shitcoins still have to be filtered, and I have a few ideas, such as observing github activity. I'll keep you updated.

>>30357646
I saw that thread and straight away thought of pic related

>>30359209
would be interested to know if there is a correlation.
You might be interested in this.
https://www.youtube.com/watch?v=ytDamqTjPwg

>>30360163
Just quickly glancing at this tells me its a gem. Thanks, anon. I will make a small database containing spam messages/coins collected from here, let's see if we can filter them out.

>>30356671
It's unironically doable.
My best friend (who's high iq as fuck but didn't buy link in 2017 when I shilled it to him), got in crypto a few months ago and turned 400$ to 28k$ just leverage trading, then got rekt and lost it all, all of this over 1 fucking week, so yeah if he got lucky he could've turned that 28k$ to 1mm$ instead of getting rekt so it's not impossible.

>>30359670
Has OP created a cat account already for us to follow?

I am normalfag and stick to binance but have a few hundred to follow the fun

>>30360731
Fucking same. I dont mind throwing a couple hundreds, OP seems to know its shit.

>>30359042
rsi was oversold at ~47.2K and the neckline acted as support, the dump to ~44K only happens if the price breaks through the neckline

>>30360396
Friend using too much leverage especially at 28k

>>30359260
haha, i just have tele, in my name fren

>>30360731
>>30360803
If he had tons of anons copying his trades it would fuck the challenge up eventually as his positions would be a lot larger. Plus why wouldn't he just make a few accounts for himself and copy trade on them instead

>>30357540
if the market crashes you're fucked

>>30356759
completely missed the point of the thread lmao

>>30360731
I second this. OP, please make your account and / or your trades public. It‘s each persons own responsibility if they follow you or not after all.

Also, this is finally a good thread on this board and what biz should be all about.

>>30361120
>what is a limit stop

>>30361057
neat, ill check that channel out.

>>30361509
I agree with >>30361099 that it could mess up the trades but I will be following anyway as an education and to roar the $100k home

>>30361568
>limit stop
Oh i get it, you're a tranny

>>30361509
>Also, this is finally a good thread on this board and what biz should be all about.
>what biz should be all about.
What, having other people do the business for you?

Hi OP, I asked yesterday what you'd recommend to someone without a mentor but I think you went to sleep kek. Would appreciate any advice on becoming competent on your own.

>>30356671
What exchange are you using? Binance?

>>30356671
99% of traders lose money long-term. Just a matter of time. Also sets a bad precedent that people think they can follow this and make money.

Don't make your trades public, it would ruin the challenge. What would be nice instead is if you would post a summary of the entire challenge, with trading data, when you finish it and an explanation of how you came to certain decisions regarding your trades. I think it would be far more beneficial for everyone, you know - fishing rod instead of a fish type of a deal. Not to mention that if you would get a lot of people copycatting your trades, it would probably attract some whale that would try to fuck everyone over with some meme dump in order to get anons margin called. Pure data with explanations would let people learn and possibly refine the strategy. I'm certain that anons with a background in data analysis could find some interesting stuff in there as well, it could provide some interesting insight on markets psychology when compared to world's events. Too bad we can't aggregate all of /biz/es trade data for analysis.

>>30362368
Anyone who could turn $100 into $1m with even the slightest level of consistency would be the richest man in the world. He's either not going to do it or it will be total bullshit fabricated to save face.

>>30356671
Good job man. I am doing something similar, but at a much slower pace. I don't see how you are doing your signals.

>>30362520
he probably wont, but his adventure could prove useful anyway

>>30361568
Stop losses should always be at market, otherwise it may not get filled and you will get rekt.

>>30362161
I spents year learning with trial and error, experience, I sifted through whatever material I could get my hand on, I learned everything I could and discarded what I found not useful ultimately leading to my edge.

>>30362168
Any exchange works

>>30362336
I know mate, I hope I made it very clear.

>>30362368
I would find it funny for a whale to counter trade me. I would have way too many trades to document lol.

>>30362520
Richest man? There comes a point of liquidity issues, trading with multi million dollar positions have to trade differently than a 10k account for ex. I will try my best, but will definitely hit road blocks at around 50k-100k.

Aaaannndd what are your thoughts on mochimo?

>>30362520
Doesn't scale that well when you're dealing with large enough amounts of money. All the low iq retards saying
>durr if you can beat the markets you can make infinite money
basically assume there's infinite orderbook depth, your trades don't move the market and always get filled at the price you want to etc.

>>30363017
How can I follow you on telegram? Your name isn’t showing up in the search

>>30362368
The problem is that as a trader who is doing 3% on the best of days I just don't see how OP is doing what he is doing.

I'd be curious to see if he's bullshit or what because most people who try this get a big ego after a few trades. Then when they mess up they stop completely or lie to themselves about it.

>>30363017
I assume eventually you are going to start setting a max limit for your trades right?
At 1,000 are you going to start setting a max of 200 per trade?

Good thread. I daytrade too, but ES index futures rather than crypto. It really is the best way to grow a small account quickly

>>30356671
based

>>30363269
My goal is to get around 1-10k before I stop being aggressive and use ideal riskmanagement.

>>30363373
Crypto is rather volatile compared to the es I suppose xd

>>30363269
OP what leverage should I be using for a sub 10K account? I called a breakout point for FTM and made 10k, but lost it all by being a degernate.

>>30363582
I'm not OP, probably meant for
>>30363514

>>30363514
I hope you don't get wiped before then. If you do get wiped I wouldn't be too sad because it's a temp bear market (even if no one believes it). These last 2 months have been harder to make great trades because of the fear.

>>30363582
One can make a living simply trading 10k position sizes, So you can use just one. However at the end of the day you need to know how much you want to risk(ie willing to lose per trade).

u are anon
nobody of this is real
as well as you trust this scam they try to shill here faster you will fail all your money
Invest skeptically, don’t risk and getincome
wanna see staking or yield farming, choose modern platforms
I use YVS Finance, check it and understand how smart project should be like

>>30364564
Lmao the state of pajeets

>>30364625
It's a bot.

interesting thread anon, I've been getting into trading and am doing well so far. I called the bottom of the BTC dump a couple days ago (posted here & tripfagged it) and went 10x long. Sold for a nice profit. I also wrote a basic triangular arbitrage bot for fun but I doubt they'll be profitable with the current exchange I'm using (binance) since all the inefficiencies have been squeezed out. Any suggestions regarding opportunities?

>>30356671
what do you think about pic related?

So what qualification and experience do you have opie? Are you just a basement autist whos been doing this shit for years?

>>30356671
nice
only $999,545 to go xD

>>30365220
I use to work for a top proprietary trading firm mate.

>>30365104
Bots are cool, not my specialty however.

>>30365255
Haha, "only"

Dude, I'm following you, I wanna learn from you, idf I make it I'm totally giving you a good chunk.

>>30365548
>Bots are cool, not my specialty however.
Fair enough, I was asking more generally about trading approaches or any other opportunities. I'm unironically very high IQ and can generally succeed at things but my concern is sinking time into a suboptimal approach and losing out via opportunity cost.

>>30365548
Jesus, so you’re a pro. What is a based trader chad like you doing here on /biz/? Does it make sense to do a math degree and become a quant if all things fail?

>>30356671
Wait, what is the time frame on this? Just found this thread and I want to vacuum up any lesson I can learn so I can stop being a poorfag.

>>30365548
hang in there champ, I'm rooting for ya
I'd like to see this work but I'll admit that I think you'll get burned out well before $1m starting with such a small boot.

>>30356671
Record a trading session for us aye? bored anons wanna learn

>>30362368
I second this greatly. I want to learn whatever I can by those who obviously have much more experience rather than mooch or something. Feels like I am actually improving and becoming a more refined man than a lazy slacker.

>>30356671
Any indicator tips for a poorfag? I have been using MACD crossings on a 3hour interval since I thought it would lower my risk but it hasn't been a good ride the past couple of months, especially since I have a 4 digit position. Regardless, these threads are inspirational mate, keep it up.

>>30365722
what op does is much easier than being a quant
but you really wanted to be a quant, dont study math study statistics
you can even learn it on your own, first learn calculus (including multivariate), learn proof based statistics, learn regression analysis, anomaly detection, stochastic calculus etc

>>30366549
normie indicators have almost no informational value because there are so many people already trading based on them

>>30366732
So what is the path to enlightenment for a poorfag like I? I think I'm to inexperienced to develop my own indicators that are worthwhile at the moment, which was the reason why I was looking at indicators in the first place. I mean I have tried to, but I have lost on them quite a bit.

>>30367158
you can literally be successful without any indicators, but they help you, there are tons of indicators just look at them and try to find patterns, i've been trading for 2 years and after using a lot of indicators i ended up pretty much just looking at candles, if u can read them candles tell u everything u need to know. I'm sure anyone will make it no matter what they do as long as they are autistically motivated and tryharding, i literally have watched every single 1h-2h-4h-1h2-1day candle every day for 2 years

>>30366732
Well what do you do? I'm using a combination of MacD, RSI, order book, and intuition.

I checked out candle patterns, but it seems like a load of balogna.

Any underrated indicators I could try? When I started learning this I went through like 20 of them and ran it based off historical charts.

>>30367382
i still use indicators sometimes to help but mostly just to confirm what i already think

How do I learn about long/short and leveraging?
I use binance

>>30367629
u literally press a button to borrow and then sell to short or borrow and buy to long.

>>30367382
What candle stick patterns do you suggest I try to start looking for? Do I just dive in on trading view. I did try to use them, but didn't get far because I didn't have faith in them.

>>30367629

what's there to learn?
long = buy now, sell later at higher price
short = sell now, buy later at higher price
margin = instant loan from your brokerage, only difference between a "normal" loan is they will liquidate your position + collateral if your position loses so much money that they would otherwise risk holding your bags

>>30367807
oops, the short was of course supposed to read "sell now, buy later at a lower price".

>>30358167
yeah it seems like it so easy it shouldn't work but I had some shit stuck on Binance from 2017 (pre KYC for burgers) and they realized I was a burger and wanted to do KYC so I used a VPN to move everything off binance.

>>30356671
same here OP, same here

>>30356671
Based but I expect you to end up like the CLF tranny and fuck it all up when you get too cocky.

>>30367757
just look at a lot of past PA on the timeframe u want to play on and look at what worked,if u see something good make sure to look after that pattern but everywhere, don't make the mistake of noticing it only when it works(consider the trend too) , i didn't even know that some candle patterns were actually popular and were on investopedia, i just noticed them by looking at a lot of PA

>>30356671
Are you just using candlesticks tk trade?

Thats what it looks like.

You are a candlestick reader?

You just swing trading using candlesticks?

>>30365722
Being a quant is hard mate.

>>30365994
Never really made videos before lol

>>30367629
Just search up online, heck even exchanges have simple guide videos on that.

>>30368312
I use all kinds of tools, and will scalp, daytrade, and swing.

>>30368964
Your chart just looks like candlesticks and maybe elliot wave numbering?

Is all of your stuff just purely technical or do you actually look at news and fundsmentals too?

creams in my pants

>>30368964
Hi, i'm retarded.

Can i use leveraged tokens to do what you do?

>>30356671
>>30365173
OP I am awaiting a response

>He found success after a friend gave him a piece of advice: Forget the fundamentals.
>Instead, he keeps his ears open in chat rooms and his eyes glued to bid-ask screens
>If there’s one basic principle,...it is this: “Buy stocks that are being bought, and sell stocks that are being sold.”

>Early on, he held most positions for just seconds at a time, making hundreds of moves each day. Now that he has more money, there’s no choice but to hold positions longer, because shifting such large sums in and out of the market influences prices.
>He did show multiple 2014 statements from one of his many brokerage accounts, in addition to his 2013 tax return. Those brokerage statements, from SBI Holdings, showed liquid assets ranging from 4.4 billion yen to 4.8 billion yen. His tax return showed he traded 1.7 trillion yen worth of Japanese equities in 2013
>Early in his career, CIS made a name for himself trash-talking on 2channel

https://www.washingtonpost.com/business/meet-cis-japans-market-moving-enigma-who-can-make-millions-of-yen-in-his-pajamas/2014/10/21/e11b3c88-588c-11e4-bd61-346aee66ba29_story.html

>>30370716
So in other words follow the trend lol? Not much to say desu

>>30356671
Have just discovered your thread, and before I start reading through it and back reading the others, I'd like to ask, sorry if it's already been answered:

- what timeframe charts do you trade in? 5m candles, 15m, 1h, or even 1m?
- how long do you usually keep your trades open? do you have multi day trades or do you close them all in the same day?
- how much leverage do you usually use

>>30363373
I blew up an account day trading ES futures. I also had no strategy and was extremely greedy. 3 out of 5 trades I were usually $400+, but I would never realize the gains and continue holding like a greedy faggot. Then would end up being down $1k.

>>30370716
There are thousands exactly like him just as "smart" but they put their early investment into something that tanked and they never recovered. That's life

>>30356671
This sounds interesting. Keep updating this as I'm interested in seeing how far you can get.

>>30370102
based creams in my pants poster

>>30356671
Based

>>30371779
I’ve been there, futures are a tempting bitch. What helped me was using market replay tools to develop and hone my strategy 20x faster

>>30356671
What are you even doing, just day trading?

>>30371027
Not really, predicting a trend that lasts for seconds is a totally different game than trading 5m to monthly charts. You don’t have any choice but to learn order flow analysis. Actually you’re not even following a trend at that point, just exploiting bid-ask momentum

>>30367382
Yeah I get you. Been doing the same thing but only half a year now. I'm at the point where I don't enjoy the things I used too since they feel like a waste of time compared to learning this stuff. It's stressful, but it will be worth it...hopefully. Kek

>>30372128
What really got me greedy was taking profits on a trade and seeing the market tick upwards another 30 points. I was chasing the high and not accepting the fact I had already made a pretty damned good profit. When I was trading it, my initial plan was to only trade the first 30 minutes after market open. I was getting good at getting a feel for the direction at the open, but I let the greed take ahold of me

KINO thread
I want to do the same. Where do I start?

>>30357197
Why?

>>30372378
The best advice I can give is hide your P/L windows so you can’t see your current profit. This forces you to focus only on trade execution and eventually trading becomes boring. When you’re bored and trading is routine, you’ve made it

>>30356671
based anon

>>30358167
I don't use bybit but that's how it was with bitmex up until they started requiring verification, and that's how it is with binance. Binance requires verification for increasing the 2btc daily withdrawal limit, but if you have that much money you can just make multiple accounts. But binance will lock accounts until they're verified if they suspect of criminal activity, usually scams/rugpulls, I'm not sure if it's the same with bybit. Bybit also seems way sketchier to me than binance, despite what all the newfags from pol say about it. Binance doesn't give a shit about your 30k life savings, in the past 24hrs they done $14.5 billion in volume which is probably 5 million+ in trading fees, and they also make a profit on withdrawal fees. The only reason they would exit scam is if the government shut them down or they get hacked and become insolvent and I highly doubt that will ever happen.

>>30356894
Fuck that, what coin is everyone buying tomorrow?

>>30359209
>The money being on the line is what spooks me.
Bet less until it doesnt, gain confidence, get gud, find it fun.

>>30362520
people who think this dont trade
100 into 100k is easier than 100k into 1mil, you can't get away with the same shit at diff sizes

>>30359209
Put it on github and invite some other /biz/ computer scientists/programmers (like me) and let's make some money.

>>30372378
You gotta make a stick with your rules. That helps with taking profits.

>>30359209
I'm in the middle of building something similar right now actually.
I considered measuring sentiment based on keywords for a while, but I decided not to because of the amount of deceit on this board. In my years on this board, I've learned that shill and fud posts aren't reliable sentiment gauges at all.
>cope threads
>pnd
>scams
Right now I'm just parsing and storing instances of symbols and their post content and OP post in a database. Not sure what to do with it yet but I'm planning on doing some analysis in the future.
Right now I'm thinking of analyzing when something is newly mentioned, and what happens to price over time. Maybe building something around that...

>>30356671
I love seeing these threads pop up every few days, good luck opie

>>30356671
I just started doing the same thing two days ago. Started with $4500, up to $5100 now. I'm mostly been trading algo, uni, btc, and to a lesser extent, atom. Been having the best luck with algo and uni.

>>30370716
buy high sell low
>>30356671
you go op this is pretty fun

>>30373283
yea and once/if he gets to 5 figures I'm pretty sure he's gonna get rekt

>>30374229
Can always just let unsupervised learning happen with a DNN and see what comes out

i would have to see these trades live and real time to believe any of this larp

>>30376774
>DNN
>yeah bro just turn on DNN
I have zero knowledge of neural networks. Is this something a lowly app developer can pick up?
Where start?

>>30376869
Not OP but these sorts of challenges are very common in the day trading world. Doesn’t matter if it’s stocks, forex, futures, etc

>>30365548
Based big boy trader btfoing my dreams of being a millionaire autist from my motorola shitphone

>>30377021
I'm a master student in electrical engineering building hardware accelerators for deep learning shit, I dunno how scientifically minded you are so it'll depend on that, but... https://en.wikipedia.org/wiki/Unsupervised_learning

You'd probably cluster the data together related to one particular coin/token and then have it classify it. Then you can use those classifications to make trading decisions, however sentiment != good trading decisions, so how you use what the bot is inferring is questionable.

I just don't know how to use the data you're collecting to do supervised learning.

>>30377270
Interesting. I'll check it out.
Why aren't you building something like me and >>30359209 are?

>>30377431
I am, just a different concept I'm trying to exploit. Also, pretty busy with my thesis atm.

>>30356671
was waiting for your post. well done op keep it up :) err. ia your position still open?