/biz/ - Business & Finance

The latter :(

>>56762244
>Yeah if it holds this resistance line ..
>Starts drawing random lines on the chart
Stopped listening

I only invest for a whole cycle
Even that is pretty risky

>>56762249
What tactics you’re using?

>>56762283
It’s not - until a btc halving isn’t causing an uptrend anymore

>>56762286
Moving averages, volume, rsi. I was up 60% but then I got liquidated and lost it all.

>>56762307
How? Why no stoploss?

>>56762293
I know a lot of people who missed the top and are basically back at their initial investment

Nobody could have predicted the big dent in the top of the last bull run

>>56762335
Yeah, I was only referring to the price go up meme after halving, not predicting tops or bottoms

>>56762244
Daytraders are playing a rigged game of course only a small amount come out unscathed over time. Payment for order flow is no joke

>>56762244
Checked
I'm part of the 1%
Most people suck ass at trading because they're retarded and lazy. Been trading full time for 5 years, profitable for 4 of them. Most people are just better off investing. I trade stocks, not crypto.

>>56762312
>places stop loss
>thinks he's right and chart is wrong
>moves stop loss
>thinks he's right and chart is wrong
>moves stop loss
>thinks he's right and chart is wrong
>moves stop loss

>>56762414
What methods are you using anon?

>>56762435
VCP's (Volatility contraction patterns) (Mark Minervini focuses on these)
Flags and Pullbacks
Flat Top Breakouts
Parabolic Shorts/Climactic Sell Off Reversions
I'm starting to study EP's alot as well (Episodic Pivots), I've been building up a database of prior EP's to study. Kristian Quallamaggi uses this strategy alot.


I'm very selective on the stocks I trade, and do mostly confirmation based trading (very little anticipatory trading).

This was a trade this morning that I unfortunately skipped out on, I didn't like the volume and couldn't find a reason that it was moving. I marked it when/where I was going to enter, but kind of bitched out on it.

>>56763174
One of the reasons I was interested was because IMPL had the exact same set up on Wednesday, which was another one of these that moved on no news.
The stock Spikes higher on the left over VWAP, sells off under VWAP, consolidates for a while, spikes over the vwap, pulls back/consolidates, then rips again.

>>56763174
My scanner that I put together. Took dozens of hours to tweak settings and color coordinate it, but it finds the best of the best shit to trade.
Verification not sneeded

>>56762432
>Moving the stop loss
Why place it in the first place? Retards deserve poverty.

>>56763174
Heres an example of a parabolic short. Unfortunately I got cucked and couldnt locate any shares to short, so wasn't able to take the trade. There were 2 good short opportunities.

>>56763194
>>56763253
Do you have any trades that you actually made or do you just dream about it

>>56763209
>Flags and Pullbacks
>Flat Top Breakouts
>Parabolic Shorts/Climactic Sell Off Reversions

Aren't traders supposed to read white papers and do 80+ hours of research before making a trade? Isn't looking at trend lines closer to gambling than trading?

https://www.youtube.com/watch?v=Y8wmEkc8Z74&list=PLehFBvWyAI_jedsmm2skgfMPBry6LDtIa
https://www.youtube.com/watch?v=VI_riscmviI&list=PLJsVF3gZDcuTxcdH5FmQRTd6MiJ29X_OQ

>>56763253
If you're saying you can use short term charts to predict prices I'm skeptical. How much have you made over the past 4 years?

https://youtu.be/egjfIuvy6Uw?si=5G7Gjb5A4AIjNCZ0&t=202

>>56763174
>kind of bitched out on it.
on average how many times do you do this?

>>56763174
>>56763194
>>56763209
>>56763253
Post balance sheet or larping

>>56762244
>Some studies show that only 1% of daytraders are profitable.

daytrading is gambling. don't do it.

>>56763432
>If you're saying you can use short term charts to predict prices I'm skeptical.

it will work until it doesn't and he loses everything.

>>56763346
>>56763446
>>56763488
And this type of attitude is why so many new fags fail at trading. In trading you're not always going to get filled, shares won't be available to short, set ups won't be clean, you'll miss opportunities, etc... Those charts were all just from this week, I was simply demonstrating that these set ups occur on a regular basis and that you can spot them real time and it's not just "muh hindsight".

No matter what account statements I posted you'd say "photo shopped, larp, or that I stole them".

>>56763618
Cope. Been doing this full time for half a decade. You blow up when you don't have any basic sense of risk management.

>>56763432
You need volume on whatever you're trading. Alot of novice traders make the mistake of thinking the higher the time frame the higher the probability of the technicals being respected, but even higher time frame set ups will have high failure rates on the break outs if there's no volume behind it. If you're trading shit on a lower time frame it needs to have huge volume which is why you look for catalyst or use volume scanners.
For the most part unless you're doing a parabolic short or climactic reversal (something that pukes and starts reversing), you're going to want to be trading on the right side of the trend on the higher time frames. So find stocks that are in long term uptrends for bullish intraday set ups, look for shit in long term down trends for intraday set ups. You never just take a set up because "I see a 5 min bullflag, I'm going to go long". There's a shit ton of variables you have to take into account.

>>56762244
For the last 5 years I have exclusively traded stocks in the Military Industrial Complex, and have managed to turn a starting investment of £20,000 into roughly £71,000, and I do not plan to stop. BAE Systems has been my biggest cashcow so far, and they've got me most of my earnings. I've also got a custom diversified investment portfolio of over 50 different defense contractors that I occasionally edit, that has managed to get me 9% annual returns over the last 5 years. Its so good its not even fair.

>>56764037
If WW3 happens I'll be able to buy a boat

>>56762244
Well I stopped daytrading when I found out I'm autistic, I can't lose money and be retarded at the same time, I guess I'll just check on beoble (once it's out) every now and then on what to buy and when to sell kek

>>56764037
Nice gains mate. Hope you own some BTC, even just a little, on a 5 year time horizon it's a smokeshow

>>56764279
Kek, based I guess

>>56763730
I wanna know where to start, I'm basically a tard with no knowledge

>>56764037
>9% annual returns over the last 5 years
How does it feel to underperform the S&P 500?

>>56764286
I've got a couple hundred in crypto but not enough for it to be called an investment imo. And besides, by the time I got into trading 5 yearsago they started putting ads for Bitcoin on the tube, and by then I had definetly missed the boat. When buying stock you've gotta go where everyone else isn't to make money. Thats why the MIC is such a safe bet, people either don't know or don't want to invest in war. As long as there will be two people on the planet, or alternatively one American president there will be gains to be made in the MIC.

>>56764338
>How does it feel to underperform the S&P 500?
desu I trade stocks mainly as a hobby, and don't put much thought into it. i don't really concern myself with how much others make from their investments, I just focus on making money for myself.

>>56764279
Wtf are you doing anon, that's your super power

>>56764279
Based, are you planning on starting again?

>>56764315
The most intro level stuff that I would recommend is Jared Wesley from livetraders on yt and Cameron Ross. They put out a lot of free content and teaching stuff. Jared puts out hour long videos usually once a week and has 100's of hours of free content. Those 2 are good sources for day trading. If you want to learn more about swing trading I'd recommend Kristian Quallamaggi and Mark Minervini.

Oliver Kell is another good source for swings, Oliver Velez is another good source for day trading.
Once you get trading down a little bit I'd recommend watching a lot of Mark Douglas's videos and workshop stuff, they usually get uploaded on yt but often get taken down, or read/watch/listen to "trading in the zone". Mark Douglas covers alot of Trading Psychology and he used to get called in to the big trade firms to work with their traders and help them get over mental blocks and hurdles. (cutting too soon, not sizing up, why it a losing trades causes them so much mental pain even if the trade was properly executed and it just happened to fail, that type of stuff.

William O'Neil, Larry Williams, Jesse Livermore are more people you should study once you get your footing. Avoid the gurus, 99% of the people on twitch, stocktwits, yahoo finance, /biz, and reddit are full of shit. If you follow the wrong people and study the wrong people you'll end up wasting alot of time and develop bad habits.

>>56765128
Did you ever do a professional coaching? Or are those all shovel seller scams?

>>56765128
Every person I mentioned has a bare minimum of 10 years of professional trading experience.
Mark Minervini has won several trading competitions, best selling books, and goes on CNBC quite often.
Livermore was the Warren Buffet of day trading in the early 1900's. You want to study him because it shows that the same set ups have occured over and over for 100+ years, because technical analysis is pretty much just a way of charting human behavior and psychology.
Kristian Quallmaggi went from 10k to 100million, all verified. He doesn't sell anything.
O'Neil and Douglas are also dead, they're not trying to sell you anything either.
Oliver Velez has been trading in the markets since the 80's, very well known trader.

>>56763730
simple question paki

>>56766096
I dont keep track of how many times I don't take a set up in a given week, it varies. The one example I posted above was during the premarket, on light volume, and had no catalyst, going into a shortened trading day after a holiday break. The trade idea would've worked but it didn't meet my criteria so I let it go, that's called discipline. I still screenshot and track the trade so that it can be studied and learned from. The reason failures like you suck ass at trading is because you take every set up you see, you put in 0 effort to study, and you're lazy.

>>56766273
i asked for an average and you respond with paragraphs , kill yourself and your smelly curry munching family

>>56766273
are you going to show trades or what nigger?

>>56766290
It was one paragraph. Enjoy your weekend fren and be sure to wipe all that fry grease off your hands so you'll be in tip top shape come Monday. I'd stop by to have you make me some fast food, but I'm not poor and I can cook for myself.
>>56766303
I post trades all of the time on /biz
I've posted brokerage statements as well
Nothing I post will be adequate and you'll move the goal posts, I know this because I've been through this rodeo a 100x on /biz. I'll post what I feel like and if curious anons want to learn from it great, but you don't get to toss pennies at my feet and make me dance, doesn't work that way.