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.
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?
Juan Wilson
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.
Xaviers School finally open to the public High level traders working together, no gimics
Ayden Nguyen
>really tho Price action is the key. Technicals are just to tell you where to enter and to take profits.
Hunter Nelson
TLDR BUY SHITCOINS
Sebastian Thomas
>It's alternative cryptocurrencies, not stocks.
Daniel Green
It's fun to play with them.
Hudson Martin
made 40k since last summer with cryptos, stay mad
Blake Rogers
what was your capital
Jaxon Jackson
Shame there's zero liquidity. You may as well be a World of Warcraft millionaire.
Lucas Cooper
The fuck are you talking about? What kind of liquidity are you looking for.
Liam Rodriguez
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)
Jaxon Carter
>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
Carter Perry
>Am I retarded, or does technical analysis just work? Probably both
Ayden Williams
Check the forbes in two years nigga.
Dylan James
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
Joseph Thomas
the kind where you can actually realize your gains with USD, the only money that matters
William Turner
>muh paper inflating money
Enjoy getting fucked in the ass by the US government.
Isaac Russell
I like to buy things that aren't schwag and kiddy porn
Robert Ross
Only if there was a process of converting BTC to USD...
Matthew Green
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.
Aiden Thompson
futures derivatives are the new altcoin
Nolan Stewart
That's not how it works user.
Luke Cooper
Why do you keep spamming this expired link. Post a working one or kys yourself.
Jeremiah Phillips
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
Isaiah Nelson
40k dogecoin? Nice work!
Let's see some trade history there faggot.
>inb4 tantrum about proving things to strangers on the internet
Ayden Lopez
>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.
Daniel Morales
>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)
Gavin Reyes
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.
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?