is anyone here a successful trader? or is it like being a profitable poker player? rare and hard

is anyone here a successful trader? or is it like being a profitable poker player? rare and hard

  1. 4 weeks ago
    Anonymous

    Unsuccessful trader here who got liquidated.
    Then again I used to be successful.
    I turned 800 bucks into 1 BTC later bullrun

    • 4 weeks ago
      Anonymous

      are you unprofitable in the long run?

      • 4 weeks ago
        Anonymous

        I was profitable in the long-run before I got liquidated last year

        • 4 weeks ago
          Anonymous

          so no you're not. ty for responses

          • 4 weeks ago
            Anonymous

            yeah I had a very profitable run from 2017 to 2022

            • 4 weeks ago
              Anonymous

              can you go into more detail? are you talking about trading or just buying shitcoins and selling? i'm more talking about actual chart watching on BTC and buying low and selling high and repeating

              • 4 weeks ago
                Anonymous

                leverage trading.
                I did the brainlet thing of longing alts after the bottom was in and then riding the way to the top and swapping to longing other alts that hadn't mooned yet. You have to realize when the game is over and it's time to switch to bear and short to the bottom

              • 4 weeks ago
                Anonymous

                lol you are not a good trader you got lucky with being long at the start of a bull-run, that's it

            • 4 weeks ago
              Anonymous

              so does everyone in a bull run. You need to learn about risk on and off cycles

    • 4 weeks ago
      Anonymous

      This …99.9999% traders get liquidated saw some big long term hedge fund managers discuss and confirm they feed off traders ..the dumb money

  2. 4 weeks ago
    Anonymous

    Only the disciplined are successful the greedy got rugged incredibly easy to be profitable in cryto

  3. 4 weeks ago
    Anonymous

    I rebalance my portfolio once in every ~3 months. Is that still a "trader"?

  4. 4 weeks ago
    Anonymous

    I am. After 2 years of losses I turned the corner this year. Here's my secret... I trade stocks, I use TA (1 min and 5 min) and momentum and I only trade the first 30 minutes of the day. After the first 30 minutes things get choppy and my win rate decreases. During the first 30 mins, on most days, the market moves in a more predictable way. Most of my trades last anywhere from 3 to 15 seconds in and out. I still have red days but only 2-3 per month. I'm working on making those smaller as I have a tendency to overtrade/emotion trade if I get bonked on my first couple entries. Keeping my trading day limited to 30 minutes helps reduce the risk of have a big red day. My best advice (for stock trading) is to never "hold and hope"... take your losses quickly and look for your next entry. If a move you expected to pop lingers for even a few seconds, get out. It might pop without you, but the likelihood of a pullback on hesitation is too high to risk it.

    • 4 weeks ago
      Anonymous

      one more thing I forgot to mention, but it's very important... I only trade large caps. I don't fuck with chinese pump and dumps. I look for stocks that have a small spread price between the bid and ask (.01 to .03) and I look for volatility. My favorite vehicle for trading right now is TSLA, no pun. It doesn't matter if the stock is going up or down, but I do tend to have a long bias if I'm being honest. I find that on short plays, there is usually a rapid retracement upwards that cuts into my profits (which is the result of other shorters closing their position... eg buying back)
      picrel

      • 4 weeks ago
        Anonymous

        further proof from today... looking at the chart now it's obvious I could have done way better if I'd "held" my long of the bottom this morning but that's not how my strategy works... that's predicting, not reacting.

      • 4 weeks ago
        Anonymous

        so you've made $35k since september?

        • 4 weeks ago
          Anonymous

          more by now, I haven't uploaded my trades for a couple weeks, but yes.

          Are you factoring in higher taxes and lack of reinvested dividends into your baseline? You also started "taking it very seriously" right at the bottom of a crash that has pumped and flatlined since. Everyone thought they were a genius for investing in airlines and gamestop while the entire market was induced with a mega QE sugar high.

          No, I'm not factoring in any of that. I was a losing trader during the big run up. As for taxes, I can only defer so much income to my 401k. I'm usually hitting the top tax bracket from advertising so all my trading profits will be taxed at a high rate. Fortunately being a degen for years has provided me with cap losses to pass forward. I see your point, but at my current trading account size and trajectory 100% annual return (pre tax) is very realistic. At some point I will experience slippage and have to settle on a share size, but I'm not there yet.

    • 4 weeks ago
      Anonymous

      one more thing I forgot to mention, but it's very important... I only trade large caps. I don't fuck with chinese pump and dumps. I look for stocks that have a small spread price between the bid and ask (.01 to .03) and I look for volatility. My favorite vehicle for trading right now is TSLA, no pun. It doesn't matter if the stock is going up or down, but I do tend to have a long bias if I'm being honest. I find that on short plays, there is usually a rapid retracement upwards that cuts into my profits (which is the result of other shorters closing their position... eg buying back)
      picrel

      Extreme poorfag retard here Shill me good stocks please anon I suck at chosing them I always fuck up

  5. 4 weeks ago
    Anonymous

    profitable trader here

  6. 4 weeks ago
    Anonymous

    The only way to short term "trade" is to have insider info or go high frequency. Nobody is actually making money from reading moon runes and trying to predict the day's behavior.

    • 4 weeks ago
      Anonymous

      wrong

      • 4 weeks ago
        Anonymous

        Right. Just wait until you find out too. Everyone inevitably does. Your gains vs. the baseline will be worse.

        • 4 weeks ago
          Anonymous

          You couldn't be more wrong. I also have a long-term account where I hold 90% voo and 10% lottos, and I assure you - my trading account balance is growing substantially faster than my long-term VOO account.

          I dabbled in trading since 2017 and started taking it very seriously in the last 3 years. Year one of using real money I lost my ass. In the 2nd year of nearly full time "trading" I was still red, but only slightly. This year, I'm doing very, very well. It's not luck or the direction of the market - I have thousands of trades. I chart every single detail. I've learned my strengths and weaknesses. I had 2 red days last month. I have 1 red day this month.

          That said, I do believe that most people are incapable of trading profitably for a range of reasons. Discipline, emotion, greed and bankroll management. I don't need insider information to know when an extremely short breakout is going to happen. I'm just looking to take my 1500 shares and grab .20 - .30 of movement a few times a day which is possible if you know what to look for. Over the past 2 years I've tried every trading strategy I could find, from algo trading to swing to tick chart and all over the map. Almost 3 years worth of data showed me that I'm extremely profitable only certain hours of the day and get chopped up outside those times. Other data, like my avg hold time, was telling as well. The longer the hold the worse the chances of a green trade. Last hour of the day is the worst for me. In the end, I've settled on a strategy that works for me, consistently. You can cope however you want to but I assure you that coping about other people's success will never get you anywhere.

          I'm really going to blow your mind now. I quit my job 16 years ago to become an affiliate marketer and I'm still doing extremely well. I don't work with affiliate networks, but I still do performance marketing. Lots of people like you told me that was a pipe dream too, 16 years ago...

          • 4 weeks ago
            Anonymous

            >I do believe that most people are incapable of trading profitably for a range of reasons. Discipline, emotion, greed and bankroll management.

            Exactly, like most people in general, like most people on this board, are fucking losers, and will always be fucking losers. Most people just suck at any skill they try to learn, period. Trading is just the most punishing because it will take all your money, and now you physically can't participate anymore.

            The chart really does tell you everything you need to know, but most people are too emotional, not humble enough to accept when they're wrong, not confident to commit when they are right etc, etc. Crypto investors are the most emotional people you'll ever come across.

            • 4 weeks ago
              Anonymous

              >Crypto investors are the most emotional people you'll ever come across.
              You're right and that makes up the majority of this board. Midwit loudmouths, both poor and stupid but very vocal. I'm not a successful trader and I no longer try to trade but I know for a fact that there are people who excel at it, but getting to that stage is very very difficult. I believe being a successful trader is genetic to an extent as well. Lots of different cultiminations of traits are necessary to be good at it.

              • 4 weeks ago
                Anonymous

                >I believe being a successful trader is genetic to an extent as well.

                I've thought about this, I think to an extent if you were to be an extremely profitable trader who can see big moves coming that most people could never recognize, that definitely requires some talent. But I think to be even just a moderately profitable trader just trading small moves, I think most people with average intelligence can get to that level with enough patience, discipline, risk management, and time to learn.

          • 4 weeks ago
            Anonymous

            Are you the anon that suggested Jared Wesley's 3 bar play videos the other day?

            • 4 weeks ago
              Anonymous

              No, but if it's a candle over/under candle play it probably has merit. I've seen a lot of "youtube traders" talk about candle over candle, but they leave out lots of details that are important... like the general direction of the market (important to keep an eye on SPY because major moves in the overall index can fuck w/ your trades on individual stocks)... also important to keep other things in perspective like the general direction of the chart you're trading.

              For example, if a chart is dumping on the 1 minute, big red candles for 5-10 minutes straight, I'm not playing a candle over candle setup on that on the 1 minute. I'm going to start looking at 5 minute candles because a dump like that needs to build some support to put the odds in your favor for a real reversal. Some traders will look to short these pops, which is a viable strategy - but as I said, I trade with a long bias because I personally have a difficult time capturing profit on my shorts even when they go as planned. So I start looking at 5 minute candles for a breach of the peak of the prior 5m candle. I don't set a limit order at the break because you will end up getting filled further up, I enter with momentum as the price is moving towards that point. If it pops over that point and immediately drops back below, I sell and take my losses immediately. If it pops above that point, I ride it for 3-10 seconds until the momentum slows and then exit. I don't try to hold and ride a wave of green candles. That's more like gambling. Youtube trader strategies hold too long IMO, that's how you end up losing on trades that should be small wins. Often a trade will pop and I'll grab .10 or .20 on it then it dumps. Greed kills you in trading. Take the pop and gtfo. It's not easy. It's been one of the most challenging things I've done. I gave up twice, but I knew what I was doing wrong. (forcing trades, hold and hope, etc)

              • 4 weeks ago
                Anonymous

                you are the first guy on here Ive ever seen write actual good advice / knowledge about day trading. I do the same only difference is I trade knockouts on the dax, I also cant short thats why I desperately looking to automate trading

              • 4 weeks ago
                Anonymous

                Here are my trades from today to give you an idea. My time zone is central so you can see where I entered and exited on the chart. I don't have some secret strategy, I'm not selling an ebook. I'm just an analytical reformed degen.

                > first trade 4 seconds
                > second trade 3 seconds
                > third trade 21 seconds (on the long side for me)

                While I have your attention. I want to thank God and my savior Jesus Christ for giving me strength in the lowest points of my life. When I first "got money" I was a shitty person. I was full of pride and full of myself. I thought having money made me better than other people. It didn't, and I was mercilessly humbled which was the lowest point in my life - but I needed it and I'm better for it. I was able to shed my pride which was the best thing that ever happened to me as a person.

                I want everyone to succeed financially, but succeeding spiritually is infinitely more important.

                Thanks for sharing fren. I also made a lot of money for a period and turned into an awful materialistic person, only to get "humbled" lol. I'm glad I didn't continue on that path as I'd likely be rich and miserable now instead of the person I am, with all the good relationships and opportunities I have. I've been reading more about TA but I'm looking at commodities and forex pairs that I can trade on defi. I assume that the basics still correlate, just different macro trends/market conditions to watch.

                I don't really have the capital for a brokerage account that would offer decent leverage rn, but I thought you were limited to 3 stock trades a week or something unless you get licensed?

              • 4 weeks ago
                Anonymous

                if you have > 25k in a brokerage account you can trade as much as you want. (as far as I'm aware, in the united states at least)

                as for getting humbled - it sucks, it really does. I guess it's part of growing up and growing as a person in general. I'm glad you came out the other side. Whatever you do in trading, paper trade to start. I would be better off now had I done that to start.

              • 4 weeks ago
                Anonymous

                Thanks. I was messing around Friday and literally manually writing down my estimated buy in price and sell point profit/fees. I did 4 "trades" on XAU/USD like that. Hit liquidation price once, noped out of another before I lost too much, and made money on 2. I came out about $60 ahead lol. I was using 5min candles and just looking for tiny breakouts (short or long) based off the basic flags I know so far. Average position was probably 15 mins. I'm gonna setup a practice account this week and see how I actually do, but I'm still in the research phase in my mind. I'm trying to avoid getting a job again is my short term goal. My monthly expenses are pretty low (like $2k) so I don't think it's an unattainable goal. My wife is encouraging me in whatever I'm doing to not work for someone else again, so I've got the support, a little capital, and all the resources in the world. It does seem overwhelming at times, but something I've noticed with people who post good calls is that they all seemed to learn various systems, til they hit on what (appears) to be a very simple strategy for them. Forexanon was a guy here who only watched Jap/USD and made a load of awesome calls. He essentially avoided all big news pumps/dumps and just watched the charts for significant movements that he was certain of. Your strategy reminds me of his.

              • 4 weeks ago
                Anonymous

                the last time I played w/ forex I was in my degen years, so I haven't looked at it in quite some time. I assume (dangerous) that many of the same principles apply.

                Over the years I've started looking at charts in a different way. With experience you can see what it looks like when pressure is building under a resistance. You'll see "triple tops" and the like on short timeframes that grind higher until they break through with force, making higher lows with each little wave until the break happens. It's like water pressure breaking through a pane of glass. The longer the timeframe, the thicker the glass. I like thin glass, because thick glass (big resistance/support levels on the daily/weekly candle) tend to have lots of choppy movements and it becomes death by a thousand small cuts. For your forex endeavors, you will want to figure out what the "SPY" of forex is...(DXY maybe?) - I use SPY mostly to talk me out of taking a long trade when the market is dumping. It saves me from fake/weak breakouts. The other thing to be wary of is "news"... at the wrong time, it can wreck your position. I don't trade while J powell is talking, while the president is speaking or while fed minutes are being released. News > TA almost every time. Some people's bread and butter is news plays. They will sit w/ a squawk in their ear from benzinga or some other similar company and play "the news". For me it's kryptonite.

              • 4 weeks ago
                Anonymous

                Running to grocery w/ the wife, but I will come back and post some entries/setups this afternoon, even if the thread dies, I'll start anew. It sounds like you are on the right track. Last year I was trading similar to how you are now, but it felt like a hamster wheel. I would go up and down and usually end up back where I started. My win rate was 80% but my losing trades were much larger than my winners (both of which are indicative of hold & hope). My win rate now is around 65% last I checked, but many of my losers are near break even trades that are red solely due to associated fees/taxes.

                I look forward to your trades and ya, you sound like forexanon. He said similar about trading on the news. He just watched the charts and only considered news as far as predicting more macro trends (days/weekly), but, he did go for longer plays (forex wise). I like the tighter trades idea in general though as it seems like it would be a lot easier to not get emotional with it. Commodities certainly fit with that tactic. Also, I assume you're setting extremely narrow stop losses now compared to your prior trades?

              • 4 weeks ago
                Anonymous

                I do agree with this strategy of scalping and holding for a very short time frame. I try to do something similar (on a demo account) with trading momentum and have noticed marginal success, although I tend to hold for typically a few minutes as opposed to seconds. My entries aren't anything complicated, just looking at daily or hourly trends, marking support/resistance, and then using the market chiper B (and maybe pivot point supertrend) indicators in 5 minute chart to figure out entry.

                Do you ever trade indices? I usually trade NAS100 and maybe I need to hold a bit longer with this for the trades to play out (as opposed to individual stocks like TSLA) since it may have lower volatility. What are you typical trade entry set ups like?

              • 4 weeks ago
                Anonymous

                Running to grocery w/ the wife, but I will come back and post some entries/setups this afternoon, even if the thread dies, I'll start anew. It sounds like you are on the right track. Last year I was trading similar to how you are now, but it felt like a hamster wheel. I would go up and down and usually end up back where I started. My win rate was 80% but my losing trades were much larger than my winners (both of which are indicative of hold & hope). My win rate now is around 65% last I checked, but many of my losers are near break even trades that are red solely due to associated fees/taxes.

            • 4 weeks ago
              Anonymous

              Here are my trades from today to give you an idea. My time zone is central so you can see where I entered and exited on the chart. I don't have some secret strategy, I'm not selling an ebook. I'm just an analytical reformed degen.

              > first trade 4 seconds
              > second trade 3 seconds
              > third trade 21 seconds (on the long side for me)

              While I have your attention. I want to thank God and my savior Jesus Christ for giving me strength in the lowest points of my life. When I first "got money" I was a shitty person. I was full of pride and full of myself. I thought having money made me better than other people. It didn't, and I was mercilessly humbled which was the lowest point in my life - but I needed it and I'm better for it. I was able to shed my pride which was the best thing that ever happened to me as a person.

              I want everyone to succeed financially, but succeeding spiritually is infinitely more important.

              • 4 weeks ago
                Anonymous

                you appear to trade sophisticated but trigger market orders?

          • 4 weeks ago
            Anonymous

            Are you factoring in higher taxes and lack of reinvested dividends into your baseline? You also started "taking it very seriously" right at the bottom of a crash that has pumped and flatlined since. Everyone thought they were a genius for investing in airlines and gamestop while the entire market was induced with a mega QE sugar high.

          • 4 weeks ago
            Anonymous

            retard. you are only profitable this year because the market is going risk on. you will lose it again trying to time the top

            • 4 weeks ago
              Anonymous

              I think you are missing the entire point of how I trade. I dont' try to time the top or bottom of anything. I don't hold stocks overnight. I hold stocks for a total of maybe 60 seconds to 120 seconds on an average day.

              you are the first guy on here Ive ever seen write actual good advice / knowledge about day trading. I do the same only difference is I trade knockouts on the dax, I also cant short thats why I desperately looking to automate trading

              thank you bizbro, real recognize real.

              you appear to trade sophisticated but trigger market orders?

              yes, I find that placing limit orders on breakouts usually results in either a partial fill (on a stop limit entry) or a fill way above the breakout (on a stop limit entry). I market in and market out, which is why it's very important for me to trade stocks with a small spread between bid and ask... maximum of .05 or I look for another ticker.

              • 4 weeks ago
                Anonymous

                correction, realized I mistyped and it's an important detail

                > or a fill way above the breakout (on a stop limit entry)

                I meant on a limit entry for this part, with no stop ceiling, which means it will buy all the way up the breakout until your shares are filled (usually at the top in my experience, lmao)

    • 4 weeks ago
      Anonymous

      you don't have to predict "the day's" behavior - you only have to predict the next 3-5 seconds. I think this is the mentality that makes most traders lose. Anything longer than 15-20 seconds to me is a gamble - other than long-term supports and resistances, like in the TSLA chart I posted above, clearly the meme line I drew months ago meant something as it gapped down majorly after breaking it. I don't play swing trades, but I use longer term TA to chart support and resistance levels so I know when NOT to day trade (avoid the chop). I closed my charts, I'm done for the day. 30 minutes, +$1400 - that's how it's done. The only thing holding me back from more profit is taking more shares until the point where my shares cause price slippage. Since I only trade large caps, sub $300k entry/exits are like piss in the ocean. I don't get retarded with margin. I don't play options. I trade shares that I can back w/ cash in my account. I size up in 500 share increments.

  7. 4 weeks ago
    Anonymous

    90% of traders lose 90% of their money in the first 90 days

    backtest your strategy. don't trade emotional.

  8. 4 weeks ago
    Anonymous

    so um. yeah. im a successful trader? but I only give my tips to people who speak very feminine, so harder on that. ty

  9. 4 weeks ago
    Anonymous

    I’ve done volume/TA investing on microcap cryptos and have cleaned up good poorfag amounts (1 ETH, I start to have issues with slippage past that) but I want to transition to stocks like the other anons here. Microcap crypto is degen.
    Also praise be to the most high God and his son Jesus.

  10. 4 weeks ago
    Anonymous

    Yeah, I made a rule to never touch leverage. I'm just a research stuff that looks good, buy spot when the chart looks boring and dead, wait maybe months and go on with my life and sell when retards on twitter start tweeting about my coin. This is the best strategy I found so far. It's super boring and it's not gonna make you get rich quick but compounding over the years it's very profitable.

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