Crypto trading

[Who Dares Win]

A buddy of mine is now joining a lawsuit against robin hood. Apparently they dont actually execute your trades, they just tell you they did. He had several options positions that ran so far into the money, robin hood just deleted them and pretended they never existed. He turned 1k into 30k and got nothing from them.

They are not a reliable medium for trading, lets just remember when they prevented traders to operate only cause the kids from wsb decided to long game stop and amc with the purpose of squeezing the shorts from certain banks.

 

[jaygreenb]

the only way to do it reponsibly is to set a stop loss on the upward movement but this usually means your losses will compound , shorting is risky in normal markets let alone crypto markets which are completely illogical

Market can stay irrational longer than most retail shooters can stay solvent

It's a little different in crypto, your collateral gets liquidated when you get too far out of range, unless you put up more collateral your position gets closed out. The higher the leverage the less room you have for percentage moves.

 

[Fruitbat]

It is an indicator that is showing the EMA 26 versus the EMA 12. If it is above 0 and the lines cross positive it is bullish. If it is under 0 and the lines cross negative it is bearish. Under 0 and crossing positive is a weak bullish sign in a larger bearish downtrend, same as a negative cross above 0...weak bearish trend in a larger bullish uptrend.

Usually look for volume confirmation as well. True moves are usually marked by large volume spikes. These are easily identified as vector candles when using the Traders Reality indicator.

From an AM background thats a weird definition of MACD.

Macaulay duration is the time taken for the present value of cash flows to equal the current price. Modified duration simplifies this to a prediction of price movements given a change in interest rate .

EMAs don’t usually relate to things like MACD, but crypto is another beast.

 

[Fruitbat]

It's a little different in crypto, your collateral gets liquidated when you get too far out of range, unless you put up more collateral your position gets closed out. The higher the leverage the less room you have for percentage moves.

that’s called a margin surely?

 

[BackInTheGame78]

From an AM background thats a weird definition of MACD.

Macaulay duration is the time taken for the present value of cash flows to equal the current price. Modified duration simplifies this to a prediction of price movements given a change in interest rate .

EMAs don’t usually relate to things like MACD, but crypto is another beast.

That's not what MACD stands for. It's Moving Average Convergence/Divergence

 

[jaygreenb]

that’s called a margin surely?

I only have a loose understanding of it, never actually traded with leverage or shorted.

 

[BackInTheGame78]

I only have a loose understanding of it, never actually traded with leverage or shorted.

It's not really that hard, you'd probably pick it up after 2 or 3 trades....most important thing is setting a stop loss

 

[jaygreenb]

It's not really that hard, you'd probably pick it up after 2 or 3 trades....most important thing is setting a stop loss

So say at some point I though we were going to be in a long term downtrend. Would it make sense to open a short and leave it open, with no or minimal leverage for an extended period, say 6months? Or would the funding rate be too costly and eat up the returns

 

[BackInTheGame78]

So say at some point I though we were going to be in a long term downtrend. Would it make sense to open a short and leave it open, with no or minimal leverage for an extended period, say 6months? Or would the funding rate be too costly and eat up the returns

Well...you could do that, but it might make more sense to close it on upticks and then reopen it on small bounces

 

[Fruitbat]

That's not what MACD stands for. It's Moving Average Convergence/Divergence

Macaulay Duration: Definition, Formula, Example, and How It Works

The Macaulay duration is the weighted average term to maturity of the cash flows from a bond.

www.investopedia.com

Always known this as MACD and MODD for modified.

I did Google MACD and it came up with your definition.

 

[DEEZEDBRAH]

Not well. Market is on the verge of a crash so unless the news is amazing I expect it follows through. I expect the big moves to be made ahead of it tho, Monday and Tuesday.

It's why I think DCAing is the play. I've been watching on the sidelines. No clue what the play is. Definitely not a 2022 I intended BUT dry powder is on the side ready. Let's go!

 

[DEEZEDBRAH]

Can't time the exact top or bottom but you can get in the ballpark pretty easily following what I just posted. At least for local top/bottoms, which is all I need to make a lot of money trading perpetual future contracts. Just did it again with $ATOM at a local top. 3 straight long wicks on the 4HR chart that didn't progress price further = price drop incoming. Shorted at around $33.50, now around $31.50 and dropping. Currently about 4K in profit on my short and it should continue to go down.

Starting to believe that holding no real tokens and just trading contracts is the smarter play. Not tied to anything, can be fluid and play both sides of the market with no real worries.

Sol is getting raped and eth is Takinga pounding buy that sweet bounce is on with 2.0. Seems like btc is the safest play especially if not moving out short term.

The psychology is insane. You got to be nutty weathering the storm. I can stomach the crash. Not my 1st rodeo. It's shorting and playing with leverage that I won't **** with. You seem to be crushing it. Good on you. Are there anything you are looking to scoop? Everything is on discount.

 

[BackInTheGame78]

Sol is getting raped and eth is Takinga pounding buy that sweet bounce is on with 2.0. Seems like btc is the safest play especially if not moving out short term.

The psychology is insane. You got to be nutty weathering the storm. I can stomach the crash. Not my 1st rodeo. It's shorting and playing with leverage that I won't **** with. You seem to be crushing it. Good on you. Are there anything you are looking to scoop? Everything is on discount.

Honestly starting to feel like just trading contracts is the move. No worries about wallets getting hacked, crypto getting stolen, etc...

No ties to any crypto, makes me more fluid.

 

[BackInTheGame78]

What's a good one to use? I have been on Coinbase for a few years.

Coinbase Pro, and Kucoin are the two I mainly use. MEXC and Gemini aren't bad either.

 

[DEEZEDBRAH]

Honestly starting to feel like just trading contracts is the move. No worries about wallets getting hacked, crypto getting stolen, etc...

No ties to any crypto, makes me more fluid.

It's kind of scary. Even crypto.com got hacked and finally admitted it. I like the idea of being my own financial custodian. The future is dangerous with super computers and quantum computing.

 

[jaygreenb]

It's why I think DCAing is the play. I've been watching on the sidelines. No clue what the play is. Definitely not a 2022 I intended BUT dry powder is on the side ready. Let's go!

You got the right idea. I have seen the majority of people have the most success with this strategy, very few have the skill and emotional discipline to beat it. Key being to keep it on when it feels like its going to zero.

 

[DEEZEDBRAH]

You got the right idea. I have seen the majority of people have the most success with this strategy, very few have the skill and emotional discipline to beat it. Key being to keep it on when it feels like its going to zero.

I got in sooner than some people BUT I had no ****ing clue what I was doing nor could I articulate why there's intrinsic and monetary value. I just knew I had stumbled upon something great. Imagine if we dumped a significant portion of our biz profits and or other savings on btc? Obviously easy to say when hindsight vision is 20/20. Still learning boys.

 

[DEEZEDBRAH]

@jaygreenb @BackInTheGame78 what's your play heading into tomorrow and going forward? DCAing is my play. I'm dammed if I do. Dammed if i don't. If it crashes I'm going in hard. If it goes up, we already won.

 

[Who Dares Win]

He who has the gut and the brain tomorrow to open a leverage position according to the FOMC virdict will be filthty rich.

 

[BackInTheGame78]

@jaygreenb @BackInTheGame78 what's your play heading into tomorrow and going forward? DCAing is my play. I'm dammed if I do. Dammed if i don't. If it crashes I'm going in hard. If it goes up, we already won.

I'm short in $ATOM and $FTM right now, those are the only two trades I have open.

My play is to only trade futures contracts from now on. I am up a ridiculous amount in the past 2 weeks. No worries about wallet hacks, crypto rug pulls, etc. Just printing money like an ATM