Hey guys. Here's a thread to talk shop for daytrading. Tired of getting bits and pieces of wisdom from other random threads? Let's centralize that knowledge. What combination of indicators do you use? What's your target profit % per trade? What time period do you trade at? How successful are you?
I use a combination of CCI, MACD, and a moving average envelope, usually with a time period of 15m - 1hr. I've only been moderately successful and I'm really trying to tune in my settings, particularly with CCI. I thought I was killing it, but it turned out to just be a Bull market where everyone was killing it... Anyway, let's talk shop.
I literally just pay attention to the movement of a coin and get to know it well- when I see it go back and forth between a solid support and resistance, I buy just a bit above the support, and sell just a bit below the resistance. I go a lot by "feel". Put in stop losses in case it goes shtf.
It's worked well for me.
William Kelly
I shorted BTC at $3,600 and OMG at $8.16
I planned to close my position at $3,400
I was too greedy to close at $3,500
Kill me desu senpai
Carson Jackson
Learn to use trailing stops.
Jonathan Gray
how do you work out buy signals on the CCI? Do you buy when it crosses the -100 or when it starts to trend towards the -100 line?
Gabriel Murphy
Definitely still in the process of figuring that out. Right now I want my buy signal to be at -100, yes, but what I'm struggling with is figuring out the correct period to set the CCI at. For example, a higher period of, say 100 yields fewer buy signals, but they seem to be potentially more accurate. Still, it misses out on other possible buy signals...
Christopher Sullivan
>What combination of indicators do you use?
baka, Ichimoku Kinkō Hyō desu senpai
Jose Morales
parabolic SAR, stochastic, MACD on 1 minute chart
a 100 MA just to have a broad understanding of the current trend
Jace Martin
I'm intrigued. Looking in this now. How successful are you?
Aiden Rodriguez
I am still a beginner and I use MACD to help me find entry points, RSI to help me pick exit points, and I just discovered CCI today.
My biggest source of mistakes seems to be letting FOMO override my judgement. It has led to some retarded dangerous trades that I wish I never made.
I wonder how you guys keep your emotions under control.
Thomas Moore
Look for the CMT course books. Out of those, I recommend "The New Trading For a Living" by dr Alexander Elder.
Luis Ramirez
You mean trading binary options short term (i.e. 1 to 15 minutes?)
Lucas Thompson
I have weak as fuck hands. Palms sweaty, heart racing. I feel like killing myself every time something is stuck in sideways for over an hour.
Cameron Long
just buy low sell high and be yourself LOL!
Juan Perez
I use reverse FOMO BUY and reverse PANIC SELL.
Brayden Morales
same
Aaron Johnson
please add more eeee's on the b next time thank you
Bentley Wilson
Kill yourselves, niggers. Day trading gambling degenerates.
Zachary Nelson
How do you trade?
Jayden Sanchez
Take a look at SYNX right now, and feel free to draw your own conclusions From what I see it will go up atleast 10% soon if not more
Henry Mitchell
yes
Benjamin Powell
Day trading with skill is nothing like gambling. I make profit on 80% of my traders. Just keep 'hodling' your bags.
Cameron Lopez
I've tried using parabolic SAR+stochastic, trying to use more than a few makes me loose track of my feeling.
My training account is going well, my real money account is not. I'm clearly not good enough at interpreting the market nor at keeping my emotions at bay, so I guess I will keep using the training account until I find a strategy and signalers that work for me
1-15 minutes is just really, really volatile, feels a lot like gambling.
Michael Anderson
teach me senpai
David Thomas
You must be doing it wrong if you only profit on 80% of your trades
Adam Evans
Could you give me some insight on your trading?
Jaxon Myers
how do you determine your stop-losses?
Mason Wilson
>2017 >not being profitable on 112% of your trades
Jace Johnson
>Made three trades today >1st -60% >2nd +30% >3rd +10%
Just fuck me up senpai
Carson Adams
very
Jayden James
Don’t get stuck holding it though. Look at the bitcointalk ann thread about it ffs. Total pajeet trash coin that will never get used for anything.
Tyler Bennett
Bad week for me down $2500 luckily my sister is my landlord and I'll tell her about my mishaps and shell let it slide
Wyatt Lewis
I focus on one coin for a week leading up to news. Nxc for example has been the only coin I've traded since last week.
The coin has to have news coming up for me to trade it. Get out after the pump leading to the news. Then set a low buy order to catch a falling knife. For nxc, once it pumps from its current position I'll set a ill set a order 35%-40% lower than the price 12 hours before the News comes out and sell almost immediately at probably an 8%-10% gain.
Then search for a new coin.
Bentley Garcia
Your average day trader everyone.
Leo Bennett
what is CCI?
I'm heard of MACD and using MFI
Also why 15 minutes and not 1 hour or 5 minutes?
Henry Wilson
Do you have any videos or articles you'd particularly recommend for learning this strategy? I'm pretty intrigued by the forecasting potential.
Awesome, I really appreciate your help! Going to watch this video right now.
Josiah Morales
My reasoning is that I can't react quickly enough for a 5min trend (I'm not a bot) and a 1 hour feels too slow when I'm actively trading. But, ya know, I'm not successful at this yet so who knows. That's just what made sense to me.
Aiden Hall
I have telegram link full of info to learn day trading etc. If anyone is interested.
Nicholas Collins
Yes please
Brayden Carter
>0: gieb me plox murci
Juan Flores
How do you put in stop losses? Can you have a sell order for 2 different prices and whichever it hits first it happens?
Nolan Lopez
thatd be great, post it up
Easton Howard
I strngly recommend reading Trading in the Zone by Mark Douglas to anyone who's trading the market. You can easily find it online if you know your way around the internet.
Please do user.
Gavin Perry
Yeah don't gamble guise. just pick the coins you think are sure fire winners like you're Warren Buffet. It's nothing like picking a winning horse at the tracks.
Christian Jenkins
If the volume of a H&S formation right shoulder is the exact same as the left shoulder, does this indicate that the H&S formation will come true? Or does the volume have to be lower to confirm the pattern?
Luke Wood
Or you could get a real job instead of pissing it all away like retarded day traders invariably do.
Luis Robinson
Masturbation and cocaine
Jason Ward
But then I'd have to take a 400% pay cut and I wouldn't be able to live anywhere in the world..
Jonathan Edwards
Set aside a couple thousand dollars. Trade extremely small. Trade and trade and trade and trade. This is what you do after you know the basics. Getting good at trading requires you to trade... It's an extremely experienced based skill-set, but to get good you're going to have to lose and lose and lose. Lose until you start winning then start losing less and less. I don't mean on individual trades either, again I'm assuming anyone reading this knows the basics that it's not about the frequency of wins and losses but the magnitude of wins vs losses. You read and you eventually start hearing the same shit and at that point you "know" what to do, congratulations. There isn't much more to learn at that point about the basics. You then have to actually DO, but the doing can be expensive if you trade too large so trade small. Eventually you'll likely go from a discretionary trader or proto-systems to trader to a more systematized trader. You might go the algorithmic automated route, you might go the macro-economic fundamental route, you might do some blend of stuff. I don't think you can skip steps though.
I think you have to learn all you can from reading until the point that it feels like there's not much else left to learn (keep reading though because you still stumble across some gems). THEN start doing and realize that doing in this game costs money and time. You go to the gym to get in shape, it costs a little money each month and time, but over time you get bigger, your routine gets more sensible, your results get better. Trading is the same deal. Learn the basics, then do. After you "do" for a while it's time to start being really critical with yourself and start optimizing. Everyone wants the magic answer and again it's the same way at the gym. Everyone wants a magic spell to make them skip the pain, time, money, and effort, but there isn't really one. My lesson beyond this process I've laid out is don't be scared to trade and don't feel bad losing money.
Xavier Ward
Start small and understand that the way this game works is that if you can show consistent profitability on 10 shares, you can do it with 100, if you can do it with 100, you can do it with 1000. Generally a retail trader won't have market impact risk. If you can't show consistent profitability at 10 shares, you won't do it with 100 by some random act of magic, and if you can, it's likely to be fleeting. Forgive yourself, play the game, and recognize that even literal legends in the market "bleed" and make mistakes.
Cameron Ross
good shit thanks man
Carter Barnes
Wanted to get into BTC (and maybe shitcoin) daytrading, but it seems really volatile. Has anyone made significant shekels with it or is it just too unpredictable?
Friendly reminder Graham hates you and laughs at your misfortune.
Nolan Rivera
Great posts
Adrian Russell
how do i invite ppl to a telegram group or copy the link? I keep getting this when I copy the link. @LearnToTrade
Josiah Roberts
HODLer coping.
Brandon Edwards
>-60% Learn about "stop loss" and risk management in general.
Noah Reed
>What is latency? Me: Haaaaaaaaaaaa!
Ayden Rodriguez
Kek.
Chase Parker
>tfw everything looks good you enter a trade >a fucking whale fucks your shit up and inserts a 20+ btc sell wall >just
Tyler Nguyen
same
Grayson Roberts
HAHAHHAHAHHAHHA I LOST 250K LAST YEAR IN FOREX HAHAHHAHAHHA JUST A REMINDER THAT U WILL LOSE AL YOUR MONEY
Liam James
How did you lose that user? Share it
Robert Flores
I use nothing of the above and only twitter. Whenever I see a "huge" twit come out I buy. Then I put a sell order above that for 5-15% depending on hugeness of the twit. If I see a candle going crazy I might sell in 20% portions.
If day has lots of twits I make about 7% daily. If no twits I sad.
Kevin Edwards
are weekly swing traders welcome?
Ryan Cox
>20 dollar profit.. lol
Jayden Barnes
this is exactly what I do, but I also have a criteria for coins I day trade on. Like small market cap, modest token supply and so on. My target is 20% at least, won't go any lower with daytrading
Dominic Taylor
What's the best exchange to daytrade on?
Cooper Jenkins
Stop losses are for punks Pick a better entry or learn to wait it out
Dont get greedy. Holding out for that 12% or whatever, take the 8% and be happy.
Margin trading is your best friend. Never all in, keep your open positions at the same value as your margin wallet give or take a bit.
Connor Ward
Thanks, great advice!
Caleb Parker
Listen to me very carefully. You're doing it wrong.
You're letting indicators dictate your trades instead of developing a robust strategy.
Justin Rogers
desu i just talk about trading in the +3100 member bitpam Veeky Forums cryptocurrency trading/mining/coding discord server
discord.gg/VpPrGmF
Robert Rodriguez
>Learn to trade altcoins like a wolf
yeah no thanks
Levi Rodriguez
Read Robert Pardo's book. Evaluation and Optimization of Trading Strategies.
Jace Taylor
I just watched the entire vid, thanks for that gem user. What program do you use that faciliates the Ichimoku Kinkō Hyō indicator for cryptocurrency charts? I'm having a hard time finding one.
James Moore
What shud i buy rn
Asher Perry
Great post.
Hudson Walker
Any other good video like some user posted above about ichimoku clouds?
Im on my phone and i cant tag
Nicholas Gonzalez
coinigy does, monthly but theyre so fucking worth it. makes it far easier to monitor across multiple exchanges
Christian Mitchell
I mean quality videos, not necessarily about clouds again
John Gutierrez
AMD
Lincoln Lee
programmer here, looking to get into algorithmic trading, but with on the absolute basics on the day trading side of things
I checked out quantopian for stocks to see what the publicly available state-of-the-art is for stock trading, and it is pretty cool. I thought there was one (or more) alt coins or dapps looking to do a similar product, but for cryptos
Nolan Butler
>What combination of indicators do you use? 9ema and vwap for the 5 minute chart, nothing for the 1 minute, 200ema, and 13ema for the daily.
>What's your target profit % per trade? >Profit target What is this? Swing trading?
>What time period do you trade at? 1minute charts for market open, 5 minute after 20ish minutes.
>How successful are you? Breddy successful. Treading water, but definitely building up my cushion although I'm far from ready to pay myself.
Gabriel Wood
tradingview.com/chart/, it's free.
Hudson Taylor
In terms of % profit / trade I was thinking along the lines of hitting a certain profit and getting out consistently, because that's safer than trying to time the actual peaks and selling then. For example, I've been going for around 5%. If you don't think that's a lot, plug 5% into a compound interest chart and be prepared to be amazed.
Joshua Sanchez
MACD, RSI, Michio Kaku cloud, meme lines
Making $10 with every $100 move. So far it has worked out flawlessly.
James Wright
this -60 wtf are you doing risk-reward ratio you mofo
Nolan Hernandez
Wake up losers, it's time to day trade.
Jacob Butler
Alright lets cut to the chase: How much do you make a week/month with daytrading?
Cameron Reyes
Enough to feed eleven niggers.
Isaiah Clark
Which software do you guys recommend for analysing? Im in Europe, if that makes any difference.
Evan Taylor
You can start with .
Connor Sullivan
Except you don't stop working when you're on UBI. At least most people don't. So this configuration will still be plugged in to an electric source.