/biz/ - Business & Finance

>>9138967
>how to lose all your money the post

>>9138967
Idiot
BTC trying for break 11k ....

>>9138967
Anon I...I cant...just good luck

>>9138967
I thought I was bad at this, damn you are worst than anything, thanks for your money I guess.

>>9138967
post proof of short please

>>9138989
Where should that come from? fomo was real some days ago and we barely broke 9.5k

>>9138997
Its all I got, all my savings are in this now. Thanks anon

>doubletop
>resistance
>applying TA to the most manipulated market on earth aka crypto
fucking kek

>>9138967
Should i pamp it biz?

>>9139024
Come from the fact that you faggots have tried to push it down like twice now and it's held in there. The longer it does that, the more of you retards will lose resolve and cut losses thus making the line of least resistance to 12k even that much easier.

Hope you've already mentally prepared to lose your money, retard.

>>9138967
Retarded gambler.

>>9139024
There hasn't been any fomo !
If BTC doesn't dump soon flaccid support line will become rock hard! cause real fomo

>>9138967
>he shorted during a bullrun
wow
i don't know why people ever think this is a good idea

>>9139083
Maybe its gambling but I fucked it up anyway. I dont want to reaccumulate my losses over the next month, I want to quit wagecucking slavery fucking fast as possible

>>9139088
Topkek We are dumping RIGHT NOW, your TA is just wrong

WE ARE GOING DOWN GOD THIS FEELS SO GOOD

>>9138967
You shorted during a dip. You're fucking retarded

Post proof larper

Post the trade faggit larper

pamp eet

>>9139152
>Maybe its gambling but I fucked it up anyway. I dont want to reaccumulate my losses over the next month, I want to quit wagecucking slavery fucking fast as possible

You don't seem to consider the eventuality that you may lose it all. What will you do when that happens?

>>9138967
You're using the word "thrill" strangely.

>>9138967
we haven't even retested 9.7k yet

>>9138967
>shorting in a bull market

>>9139152
No we're not?
Shorts were just squeezed TWICE in the last hour

>>9138967
>Sold a volatile asset because it dipped
holy shit you deserve to have nothing

>>9139266
7k was the dip, I shorted the pennant at 8.9k
with 20x leverage and got liquidated for 90% of my portfolio
serves me right for trusting ta bullshit though
shorting at 8k though is pretty silly
>>9139530
>bull market
>hasn't broke the 11k resistance yet
we're still in a downtrend and I think we'll see close to 11k before hitting 7k again and maybe even sub 6k
>>9139428
>You don't seem to consider the eventuality that you may lose it all
ah the essence of gambling
you leave your future self to pick up the pieces whilst you recklessly aim for the high stakes
t. degenerate

>>9139895
This.

>>9139428
I dont think much about it, its possible though.

Im less worried now, we are only going sideway atm, there is no buy pressure.

>>9140036
Watch out OP we are pumping

>>9140461
Nah, we wont go above 9400, even if biztards still think we are in a "bullrun"

>>9138967
I wasn't planning on liquidating shorts today, but because of this post I'm going to because I don't like your attitude. Have fun being poor

>>9139050
>he thinks there's a market that's not manipulated
>he's just parroting a meme without any personal experience
>is such a novice that he doesn't believe resistance is a real thing

>>9139895
Fuck you guys are retarded. Don't talk about TA if you're that stupid. It kills it for newfags who are smarter than you are and can actually apply the knowledge correctly.

>he traded a chart pattern (pennant) without knowing it's success rate on the particular coin he traded (btc)
>he's an inexperienced trader but decided to over leverage with his entire portfolio
>blames TA and not his own brainlet IQ

God you're fucking retarded. Please just shut the fuck up. However on second thought you serve as a warning so yeah keep posting.

>>9140498
OH NOOOOOOOO

>>9140498
long x 50 since 7k, i love it

No break through 9.4k just like I told you

>>9140973
Nice, cash out now bro

>>9140498
Jesus Christ OP was right. Im beginning to believe that guy and open a short too

>Resistance at 9.8
>liquid at 9.5

>>9140516
topkek. Every green candle kinda scares me right now but your stupid larp post just makes me giggle and confirms that I cant be wrong

>Pump it

>>9140516

>>9141103
This, what a fucking moron

>>9141103
The 9.8k resitance I mentioned is midterm, of course my 50x positon is only short term. I will wait for the dump and cash out, short term 9.5k is unbreakable

>>9140579
how do I actually get better at trading and understanding the market?
that 90% loss was enough to make me realise I have no fucking idea what I'm doing
I know I'm moderately to severely disaled so should I just end it?

>>9141222
Keep telling yourself that

>>9141239
Hahaha you lost everything you arrogant faggot, kys

>>9141239
I already told you in the thread you made, just dont trade. Find some nice lmc coins, dyor and hodl

>>9141239
just fucking buy btc or eth (OR Link if you want to be rich) and hodl it you utter fucking retard, and if you have to be a gambler like me, go 2x when something like 6k happens (you are to late for that, never below 9k again)

>>9139895

You are trading in a sideways environment where the trend is still being developed... Trading right after the end of a trend is always very risky, try to implement good risk management and you'll be fine in the future. I think 20x long is better when you call a top or bottom, like 6700, as it is almost a guaranteed successful leverage play

>its 9387 rn

Op are you ready?

>>9141239
By studying and learning. That 90% loss was ridiculous. Did you even think before you did that? You understand that if you won, you'd just be building bad habits and would have lost it all eventually? Margin trading with a room for error of 0.5% is extreme, don't you think? Not to mention with basically your entire portfolio.

The most important thing you need to learn is trader psychology and risk management. That will take you far. I'll post a bunch of links. Sort through them and find what appeals to you. You need to develop a trading strategy and then stick to it. Yes you will lose sometimes, but that's why you have stop-losses. The goal is to have your winner be more than your losers. If you find a good strat, you can have a high winning %.

Here's a bunch of shit:
http://stockcharts.com/school/doku.php?id=chart_school
http://www.libertylifetrail.com/education/learntrading/
http://www.cabafx.com/trading-ebooks-collection/newpdf/
https://drive.google.com/drive/folders/0B9b4K-iw1yCoZmVobm8wcHNIS2s
https://drive.google.com/drive/folders/1V2pv-644Onc5ES780WqqKwUcBe8UItPr
https://drive.google.com/drive/folders/0B1s-Y597iYjabW5rZklPTzlpcmc
https://www.dropbox.com/sh/3y4tx4bssv6zm9v/AAC-o_C-q3jT-0flTFC5o_Lxa?dl=0
https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/preview


You're probably thinking. Wow anon's that a lot of shit. Yeah it is, don't worry about trying to absorb it all. Give it a scroll through and pick what you like. At least this way you have the resources at your disposal (and that goes for anyone lurking too).

Do this entire course before reading anything:
https://www.babypips.com/learn/forex

It's a fantastic tool to get you acquainted with the basics of everything. Work through at least 1 section a day. Write notes like you're in school and then go apply it to a chart. If you don't have trading view, get it. Or coinigy.

add me on telegram and I'll give you a PDF from a $90 course. @jasongenova

>>9141721
>educate yourself
if you are not in for the gamble and nothing else youre dead inside

>>9141721
Thanks

>>9141755

wat

>>9141721
Also there are some good youtubers out there. Philakone get's a lot of shit for being a dramatic basedboy on adderall, but his educational videos are very professional and he delicately walks you through how to apply his methods. Ignore the elliott waves. His RSI, MACD, EMA, FIB, Risk management videos are great. If you learn how to use those the way he does, you will make successful trades. As a matter of fract that EMA strategy is fantastic. You could honestly trade only that and do well. I frequently look at every single coin on binance and the gains you could have made using that strat are huge. Here's a link to the indicator: https://www.tradingview.com/script/yVkBJafY-Moving-Averages-FIB/

You can also just use CM super guppy, they're basically the same thing.

Now I'm not saying that this is the only or best way to trade, but what I am saying that this is a great starting point to branch out from. Also do NOT trade on lower time frames like philakone does. That is for experienced traders. I can not stress enough trading on daily time frames. That is where the least noise is and the indicators will actually be accurate. Even fucking BTC will follow the basic tenets of the most pleb indicators if you're on the daily chart. That is your safest bet.

>>9141755
Play money on bitmex, enter retarded high lev positions with expendable capital, while exercising intelligence and discipline outside of it on other exchanges. Win-win brotha

>>9141721

In addition to this, Technical Analysis of the Financial Markets is also a good starting point or supplementary material if you do the babypips forex course.

>>9141222
why did you stop posting op
are you busy crying?

>>9138967
assuming one position = max 10% of balance then risk adjusted leverages are close to following :

then
forex 2-4x
stocks 2x
stock indecies 2-3x
commodities 2x
crypto 1x (all other than btc have history of 99% flash crash wiping out all leveraged positions)
crypto btc 2-3x

>>9141691
Just like when I opened the position lol?

Keep posting guys, this crazy rollercoaster is making me nervous, god I just want to get my losses back and make some profit on top

>>9141828
I unironically hope you are the guy that posted his shitty TA comparison to 2015 and get raped hard for your memelines

>>9141755

>edJEWcate

if you were to use 5x or larger leverage your long term mad dd risk of ruin is close to 100%. with win rates lower than 50% it is certainly 100%. with win rates 60-80% probably 90% or higher

Someone on twitter worth following is Steve Burns. https://twitter.com/SJosephBurns

This guy is a veteran trader and frequently posts links to articles on his website that cover trading psychology. I printed many of them off and had a phase where I would read them every day. Now I've internalized it and don't feel the need, but it's a great way to program yourself.

One quote I like from someone else: "My goal is not to catch every move, or even half the moves. I only have one goal, which is for the account to grow each and every week. If I only make one trade the entire week and it's profitable, then I am succeeding as a trader."

Over trading is bad.

>>9141809
Absolutely, great book.

>>9141828
You're revenge trading. If you escape this, withdraw all your money from bitmex. This is so reckless.

>>9141892
If this works out I promise I will never do margin trading again. Also nice posts anon

>>9141823
Im here the whole time and price is the same when I opened the short so what are you even talking about?

>>9141721
>>9141809
>thinking that forex and equities markets are the same as crypto

>>9141937
if this continues leverage fees will eventually kill you op

>>9141937
you made me going short too now lol. but im not crazy so only 5x

>>9141977
fomo into losing money?
what?

>>9141946
Fees are crazy with 50x indeed. But Im still optimistic and gonna wait at last another hour from now

>>9141977
Good luck anon, we are in this together, who wants to join us?

>>9142055
Im calling McAfee, this cant be happening to our beautiful baby

>>9142044
yolo trade, I kinda like the idea of making money together with OP live in this post. He would make A LOT more though

Srsly OP
Its hit 400
SEVEN times in last few hour
Close your shirt or liquidated

>>9142252
Yeah OP might be better off just closing, taking his loss and shorting from a better entry. Right now we have an bullish engulfing candle on the daily.

>>9138967
>good day bog, another short.
>paump et. Liquidate them all.

>>9138967
i made the same short as OP with 1 btc

wish me luck

>>9142252
>cant even break 9.4k
>its a sign that we will pump!

>>9142432
>cant seem to stay below 9k despite many attempts by bears

lol you're gonna get rekd if youre not long this thing rn

>>9142353
can you imagine having to fuck either one of these

>>9142523
for 2MM I would let both of them fuck me as long they want

>>9138967
I will never not laugh at gambling fags admitting to their stupidity.

>>9142555
truth has spoken

Srsly market manipulation is dead fucking easy for any swinging dick with 100mil to blow. Dont go more than 5x tops and even that is fucking nuts. Theres no need unless you have a 3k poor fag stack and even then just enjoy your 300k in 2 years.

>>9139643
Kneepad grill, what's your endgame with that trip on here?

>>9142423
no u guys are stupid

Trust me anon, you are about to get royally fucked if you dont close your position.

>>9142423
Good luck anon, no there are 3 of us.

Come on bears, I will ride this mofo for 1 more hour now

GL OP, seems to be dropping now

>>9141721
Mi lord, order 66

>>9141116
How nervous are you now?
>>9141167
Let me see your short buddy

>>9138967
>9.8k resistance
Those walls by the way, yeah that's me
I'm not sorry for what I'm about to do
You make a post begging for my forgiveness after I liquidate you and I'll shoot you 1/100th of what you lost

>>9143013
You know what, for shits and giggles, if you beg for forgiveness within the next hour I won't ruin you
Your choice anon. Is your pride worth it?

>>9142114
I invested in more Eth at 380. I think I'll just sit on my comfy gainz if you all don't mind

>>9139024
This seems eerily familiar.

>>9143150
that was me too, good times

>>9138967
I'm losing my patience. I know you're reading this anon. Ask yourself if it is fucking worth it

>>9143013
>>9143039
>>9143200
>>9143281
I keked

>>9142896
With the drop Im now P/L 0/0 with this position again. Seems like this will be the most boring end of a position ever lol. Still half a hour to go

>>9143352
>Still half a hour to go
Perfect.

>>9143352
youre lucky it didnt pump

>>9143352
How big is your position OP?

>>9143352
WE ARE DUMPING JESUS
OP = GOD

we are in some sort of rising wedge pointing towards 8.7k ish (previous top), i think you should close at 200 and open later if you want again

>>9143398
YES YES YES. dude this feels so good

>>9143391
A little more than 2 btc

>>9143375
What a loser. Even if this is an anonymous board youre disgracing yourself

>>9143460
You're telling me I'm pushing plans forward for an anon with only two BTC?
Oh well, already made the call

>>9143485
Liquidation?

>>9143486
Wow Im really scared now

>>9143510
All you had to do was say sorry anon

>>9143508
9.8k, Im not as crazy as OP. if you are legit (you aren't) and able to liquidate me (you aren't) I will send you my whole portfolio and never touch crypto again

>>9143545
I don't need your portfolio when people like OP are lining my pockets

>>9143530
Srsly why are you doing this? Its not even funny like some LARPs, its just embarrassing. How does it feel to do larp as a whale while only having a 100$ Portfolio and have to watch me making money with every red candle RIGHT NOW?

>>9143607
Keep an eye on the charts, you're gonna get a laugh out of this

>>9143635
any minute now.

>>9143635
This guy is legit

>>9143607
Did you see that

>>9143750
OH MY GOD MASSIVE 20$ PUMP IM FUCKED PLEASE HAVE MERCY

>>9143790
no watch

>>9143750
>did you see that
>literally nothing happened

kys

>>9143816
watch

>>9143790
so did you idiot finally get out of riding a wave sideways on 50x leverage?

>>9144000
Still in because nothing really happened and want to see basedwhale embarassing himself a little more. But yea seems like I will get with 0/0 out of this

Okay guys, no Luck for me today. I will wait til we drop to ~9230 and close with a little profit for now. Special thanks to loserwhale who made me laugh a lot irl and forget about how nervous I am

>>9143824
worst larp in history of biz

>>9144308
Congrats on not losing it all fren

i think its gonna test 9k again sooner than later if there wont be any whale pump action

If I get trips, OP will make it.

>>9144308
>>9144036

We just went through the final beartrap before shooting up to 9700 or 10k flat.

This is actually hilarious to me, you really sitting short right now and you still havent figured it out?

>>9144308
Good job XD