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16290514 No.16290514 [Reply] [Original]

I lost like $800 today trying to use the RSI divergence strategy with stop losses on the 5min chart and keep getting FUCKING REKT
What am I doing wrong this is soul destroying can we please just share some strats in this thread PLEASE
Is the 5min too fast to effectively use this RSI technique
15 min better?
PLEASE HELP ME GUISE PLEASE

>> No.16290528

>5 minute chart
You degenerate retard

>> No.16290533

>>16290514
>swinglinkers

>> No.16290641

>>16290514
Just wait, it'll maybe come back... just like my dad...

>> No.16290650

using the worst indicator on the worst time-frame

based

>> No.16290738
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16290738

>5 min chart

lmao

Real chads use daily and/or weekly and/or monthly, maybe 4 hour chart for a precise entry

>> No.16290807

> using indicators amd no sr levels with trend.
Stay poor

>> No.16290811
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16290811

ok i feel bad for you so i shall reveal my trading secret. Just use the MACD indicator. Follow the wave pattern. use the 1 day and 1 week MACD to time when Link Pumps, its extremely precise no need to draw lines or triangle on the chart (thats for noobs who think theyr good).

>> No.16290823

>>16290811
macd is the 3rd worst indicator behind stochastics

>> No.16290874
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16290874

>>16290514
use the MACD + Stoch + RSI combined with the Simple Moving average. When all of them correlate together take the trade.

>> No.16290889

Real Chad's only use weekly chart.

>> No.16290913

>>16290514
What are you trading you should use SMA crosses 9-12-20.

>> No.16290986

>>16290889
Real chads move the markets

>> No.16291105
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16291105

>tfw 4h chad

>> No.16291410

you dumb nigger

>5 min charts
>risking too much per trade

>> No.16291508

>not doing three-year long swing trades
I pity thee

>> No.16291588

>>16290514
>using RSI
There’s your problem

>> No.16291668

>>16290514
Use the 2 hour

>> No.16291673

>>16290514
L A MO

>> No.16291768

>>16290514
kek

>> No.16292652

Bump

>> No.16292683
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16292683

>>16290811
>>16290874
Good stuff will spend the whole day tomorrow researching the fuck out of MACD and Stoch
Consensus seems like longer timeframes are better will experiment with the 4hr
What do you guise think of Ichimoku Cloud

>> No.16292729
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16292729

>>16290823
Why is MACD the third worst
What is the best
Spill the beans

>> No.16292751

>>16290514
What you're doing wrong is trading an account that's way too fucking big with an untested strategy. Quit being greedy and stupid. If you cant consistently make money on a $10 account your not going to make money on a $10,000 account.

>> No.16292760
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16292760

Build your portfolio like an index fund. I strongly believe in mass diversification and infrequent trading. Buy as many decent coins as you can. People call huge stacks suicide stacks for a reason. Inevitably, shit will dump occasionally, so this prevents it from hurting too much. I have about 150 different coins. about 50% of my money is in 15 coins that I really believe in. Check in once a day, and when something is up 10%, take those gains and stop looking at that coin for a couple days, don't buy back into something that just mooned. Don't worry about stop loss stuff aside from on your big investments, and don't get too close to the boolinger, let it breathe. You're paying to gamble that it'll go up, so be willing to accept a 13ish% loss if something crashes so that you give it room to turn around. Keep bitcoin, bitcoin cash, litecoin, and ethereum as some larger stacks, they are blue chips and have super high chances of appreciation compared to most alts.

Also, if you must swing trade, do it on coins that look bullish, that you believe will go up over time. I know this sounds obvious, but don't sell at a loss. If you get stuck with a bag, 99% of the time, it's best to hold it and wait for it to go back up. It's called deep value investing.

>> No.16292815

>>16292760
Diversification is a meme I’ve been all in on link for like a year and a half

>> No.16292834

>>16292815
Don't listen to this guy. Take gains when stuff moons.


But you should buy link though.