Am I retarded, or does technical analysis just work?

Dreamworx
Dreamworx

Am I retarded, or does technical analysis just work?

I've been doing simple technical analysis over the past month. Just long term and short term exponential moving average, buy when short crosses over long, sell when short crosses under long.

I did paper investments on multiple altcoins over the month, and I'm 300% in profit. I did not account for fees, but since the transactions are on average 10 hours apart, I don't think the fees would kill the profit.

Why isn't everyone doing this? Is it just a lucky month? I'll run some tests on historic data to see if it works. But so far, it looks pretty fucking good.

Other urls found in this thread:

discord.gg/Abppm
discord.gg/A3Xyf

Harmless_Venom
Harmless_Venom

What periods are you using? Do you have 25000 dollars to day trade with? What set of stocks are you doing this on? What are your stops?

cum2soon
cum2soon

I tried 30 minute and 4 hours periods.

I do not have $25k, and I'm still a student.

It's alternative cryptocurrencies, not stocks.

As I said, I did not do real investments yet, just calculations on paper. So no stops. But when I finish the bot for real investments, there will surely be stop loss limits.

likme
likme

Guys, if you're serious,

discord.gg/Abppm

Xaviers School finally open to the public
High level traders working together, no gimics

eGremlin
eGremlin

really tho
Price action is the key. Technicals are just to tell you where to enter and to take profits.

Stupidasole
Stupidasole

TLDR
BUY SHITCOINS

whereismyname
whereismyname

It's alternative cryptocurrencies, not stocks.

Carnalpleasure
Carnalpleasure

It's fun to play with them.

Sharpcharm
Sharpcharm

made 40k since last summer with cryptos, stay mad

Skullbone
Skullbone

what was your capital

Emberfire
Emberfire

Shame there's zero liquidity. You may as well be a World of Warcraft millionaire.

whereismyname
whereismyname

The fuck are you talking about? What kind of liquidity are you looking for.

Lord_Tryzalot
Lord_Tryzalot

Last thing you want to do is bet big on a TA basis and lose big. But your right. My TA of ETH was almost spot on. Closing symmetrical triangle shooting up when it reached the apex (or a few hours after as was the case)

Nojokur
Nojokur

one month
Lol. Come back after you've tried it for two years. If you do manage to keep the returns up if you invested one dollar, you'd have 282 billion, making you one if the richest men in history

Raving_Cute
Raving_Cute

Am I retarded, or does technical analysis just work?
Probably both

Soft_member
Soft_member

Check the forbes in two years nigga.

Spamalot
Spamalot

Nigga you would gain money from investing in crypto even using astrology out-from-my-ass analysis right now. We are in the middle of a massive bull market, if you buy you win, simple as that.
Try using that kind of TA on traditional markets or when this crypto bubble pops, if you don't mind being adopted by some gypsy family

farquit
farquit

the kind where you can actually realize your gains with USD, the only money that matters

haveahappyday
haveahappyday

muh paper inflating money

Enjoy getting fucked in the ass by the US government.

askme
askme

I like to buy things that aren't schwag and kiddy porn

kizzmybutt
kizzmybutt

Only if there was a process of converting BTC to USD...

Burnblaze
Burnblaze

Hey could I get an invite, I'm learning technical analysis and wouldn't mind getting some clues of what I may be doing wrong.

Evilember
Evilember

futures derivatives are the new altcoin

Firespawn
Firespawn

That's not how it works user.

SniperGod
SniperGod

Why do you keep spamming this expired link. Post a working one or kys yourself.

VisualMaster
VisualMaster

God, can you imagine how much of a faggot this kid is? Like, I am so prepared to bully the fuck out of you.

Lol. Everybody laugh at how much of a failure at life this outcast on Veeky Forums is LOLLL. How are you so autistic that Veeky Forums hates you? Yeesh. Embarrassing.

Obligatory kys

Nojokur
Nojokur

40k dogecoin? Nice work!

Let's see some trade history there faggot.

inb4 tantrum about proving things to strangers on the internet

Boy_vs_Girl
Boy_vs_Girl

I did paper investments on multiple altcoins over the month, and I'm 300% in profit.

you've been paper investing in a bull market and haven't even experienced a traders biggest obstacle: his stupid irrational emotions.

Spamalot
Spamalot

tfw I actually lost money while everything was going up

What should I do Veeky Forums, just hodl or cash out all my losses and focus solely on eth/btc? Currently have about 5-6k invested in altcoins, and they're all at losses (somehow managed to buy most of the ath's over the last weeks)

Methnerd
Methnerd

a) I don't know shit and am as clueless as anybody else, therefore best advice is ignoring me
b) hodl. the next few days to weeks there's going to be corrections all over the place. thereafter (timeframe from one month to one year) new tops will be climbed.
c) if you're brave and or stupid sell and rebuy at lower price. but again I don't know shit and might be totally wrong about everything.
d) if you baught dash and eth at the top, you might be fucked big times.

SniperWish
SniperWish

Watch this

TreeEater
TreeEater

yeah you sell it

to someone who wants schwag and kiddy porn

TurtleCat
TurtleCat

discord.gg/A3Xyf

For serious people only

Raving_Cute
Raving_Cute

is this just for crypto or is it for stocks too?

Evil_kitten
Evil_kitten

This. All technicals use previous price data, whereas price action deals with the current price. What's more important OP, what happened 3 days ago, or whats happening right now?