> He doesn't chase pumps > He has a consistent day-trading

on /biz/ lol no. we have holders who would be our successful guys and pseudo day traders.

>>2231371
Algotraders beat the fuck out of them all. I'm jealous of them.

>>2231387
Surely most discretionary traders remain that way because their method can't be properly implemented into an algorithm.

I know I could implement a very rudimentary version of my method into an algo but it wouldn't be nearly as profitable.

>>2231410
Care to give an outline of your trading method(s)?

>>2231371
> He makes roughly the same percentage profit every day

The all-powerfull exponantial ! Nice.

What percentage ?

>>2231414
buy low sell a bit higher at sufficient volume to cover fees and make incremental gains over time?

>>2231414
buy high sell low

>>2231422
Ah, the only successful trading strategy.

How do you even chase pump? When the pump happened it's already too late. RDD was an exception

>>2231371
I thought our motto was 'buy high, HODL, nah fuck it, sell at loss'

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>>2231431
yep, this is /biz/'s main trading strategy

>>2231371
what i'm doing now is simply go to the page of all the coins in the red, look if it trends down or flat, buy up and set a sell order in the green

>>2231472
Hows that going for you? What percentage in the green do you usually set a sell orde for?

>>2231371
What is the decent % gain from day trading to actually be profitable if you take in consideration all the fees around exchanges?

>>2231465
Cut losses, let profits run.

>>2231371
Yep that's basically me. Been trading JNUG, UGAZ, and DGAZ constantly with steady profits

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>>2231371

> Consistent methods?
Yes.
> Consistent compounding percentage per day?
No
> Consistent dollar amount per day?
Yes.

It takes work to find an edge but it's worth it.

>>2231371
I was until the great dumpening. I changed to fiat until this shitshow is over. Have set up a bunch of low buy orders to catch the dump.

Honestly the best method is buying something promising and turning off the computer for 1-2 years. If I had done that and never looked i'd be rich by now.

>>2231414
Buy the tip,
Sell the dip

>>2232247
If I'd done that I'd have about 1/10th of what I have now.

>>2232247
Or just set aside half of your crypto for that and the other half for day trading. That way you get the best of both worlds.

I might be this faggot actually.

I just started using a strategy I call baiting the trap where I'll put small amounts into buy orders for various currencies 3 day - 7 day lows that aren't stupid inflated. Then set the price a realistic price near the 3 - 7 day high. If you do this with 30-40 alts, you'll inevitably have a few winners each week. It's not the greatest strategy ever but I'm not as smart as all of you.

>>2232247
This. Trying to time the market will mean you get wrekt eventually.

I'm in this boat. I have no interest in crypto at all. Aside from what I get for free via a mobile app that autopay me bitcoin

>>2231371
very few people make money from discretionary day trading... of those who do most aren't exactly consistent and will be down some months... let alone getting the same return every day.

you're also not likely to steadily compound with daytrading returns - most intraday strategies are limited by capacity and will deteriorate as you start to increase in size

>>2232369

The problem is you're still looking at the computer and panicking with every little dip.

Of course hindsight is 20/20 but if you'd put money into the top coins like Dash, Monero, ETH and just avoided the internet etc., you'd done VERY well for yourself.

>>2231435
I have only chased 2 pumps succesfully RDD at 6 sat and mooncoin at 1 sat (sold at 3), both had something similar, low price, low volume that changed a little bit enough to see movement(maybe because of the shillers and people that thought it had potential to pump), increasing low volume and a lot of shilling

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>>2231371
Hoping to squeeze more than a g out today, it's still early.

>>2231418

Hint: It's negative

>>2233688
Whats your capital mate

>>2233728
Small timer.
Maybe $80K or so.

>>2233756
I got into the game 1 week ago with 280$, currently have +- 400. You're bigger than u think

>>2233763
lol
I'd like to think that if I was, I wouldn't be shelling out hundreds a month for margin.

>>2233566
>very few people make money from discretionary day trading

How could you know this in regards to the crypto world.

I understand there have been a couple of studies in the stock world, one in Taiwan in from 93 - 02 or so. And another one looking at traders with public e-Toro profiles, but I've never seen any studies about crypto day traders.

>>2233994
He may be making a prediction based on similar structure. Just like equities trading, the majority of participants don't have much capital, making them ineligible for advantages such as extra leverage, discounted margin or commissions; while leaving them at the mercy of fixed costs, which consume a larger percentage of their working funds.

I wonder what algotraders are like. I've looked for how to do it, but it's super difficult. It's like you need to be super good at TA and programming just to get in, but if you have a decent algo you win forever. I'm too suspicious of all the bots shilled online though.

>>2235055
This is going to sound silly coming from a stranger on the internet.

But there are literal teams of PhD's doing this and even then they aren't beating the market by more than a fraction.

It's enough, but its not gonna net you anything on small volume

>>2235077
Forgot to mention
>>2235055


I am algotrader PhD, no larp

>>2235088
Why don't these people and institutional investors just invest more in crypto? I've never understood that. Why not?

>>2235127
They probably are? Compared to most assets right now, it's pretty hard to pass up. Someone has got to have all the millions coming into the coins.

>>2235127
>>2235799

When the total market cap pings 100-200B, then they'll talk.

They would just blow it up rn.

>>2231371
fuck you nigger, chasing pumps turned $500 into $10,000 for me in under two weeks

inb4 larp

got in dgb at .120 and then bailed into rdd while it was still <14

>>2233630
is a "sat" an abbreviation for saturn coin?

>>2231371
yes, but we tend not to brag about it.

It's not just humility, there's bound to be some guy who got lucky that can legitimately mock my consistent but modest gains.

>>2231465
jesus man, set it and forget it, Ronco Rotisserie style.

>>2233590
>The problem is you're still looking at the computer and panicking with every little dip.
Moving the coins you want to squirrel away out of the exchange and onto a wallet helps mitigate that.

I day trade a new shitcoin every 12 hours and always make +2% except on one occasion when it took 48 hours because I bought as a major dump occurred