Im short trader Im new here but been long time in trading - page 2.

uswa56

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Quote from: Patrol69 on November 12, 2023, 08:30:07 PM

Quote from: Tanzila420 on November 07, 2023, 09:48:39 AM

I also liked short trading and i try always short trading because very low risk in short trade and when thinking long trade than my opinion is who are new in trade they try always short trades is better choice.

You are probably talking about futures trading, if you are talking about futures trading then may I know the reason why you prefer only shot trading? We have to try to trade according to market changes. For about one to one and a half months the market is regularly changing positively, now if we do short trading, but our chances of losing money are high. When it comes to trading, we don't have a plan that we will only do short trading or we will only do trading but our plan should be such that we have to trade according to the direction the market moves. Futures trading seems very risky to me and I have lost significant amount of money trading futures so now I don't do futures trading unless I need huge amount of money.

If we have not been able to trade futures and have experienced a lot of losses from trading futures, it would be better if we stopped and corrected the strategy we used and if we find the mistakes we made then we have to learn how to correct the mistakes we made after knowing how to do them Then we can carry out futures trading again.

Doing futures trading is of course a very big risk of loss that we will incur if we cannot understand the market conditions well, so it is very important that if we want to do futures trading we must understand well the market conditions in order to reduce the risk of failure that we will not experience in trading the future that we do.

Patrol69

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Quote from: Tanzila420 on November 07, 2023, 09:48:39 AM

I also liked short trading and i try always short trading because very low risk in short trade and when thinking long trade than my opinion is who are new in trade they try always short trades is better choice.

You are probably talking about futures trading, if you are talking about futures trading then may I know the reason why you prefer only shot trading? We have to try to trade according to market changes. For about one to one and a half months the market is regularly changing positively, now if we do short trading, but our chances of losing money are high. When it comes to trading, we don't have a plan that we will only do short trading or we will only do trading but our plan should be such that we have to trade according to the direction the market moves. Futures trading seems very risky to me and I have lost significant amount of money trading futures so now I don't do futures trading unless I need huge amount of money.

poodle63

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Quote from: Mauser on November 11, 2023, 07:18:25 AM

Quote from: Felly7 on November 06, 2023, 12:29:11 PM

I have developed my best way to know wich coin will be best short.

I checked on binance and i did find that DOGE coin will fall sooner then others.
How do i know that ? By my new trading formule. When coin price is higher then overbought level. Then i measure the exacly how much is higher and then i see i was going all over binance now and i see the doge are overbought and the price of doge are also higher then level above overbought.
Off course i have long experince on trading and a lot sleepless nights and mistakes and a lot losses until i discovered the best method.
My time and efforts are not for Free so i have my own private team who follow me to make money with my short signals and honestly all trades are in profit maybe 1 loss out of 10 trades and we do only short trades by using my new indicator " when price is higher then overbought level " i have special ways to measure this.

With this secret formule i can find best short positions.

That's an interesting strategy to short crypto currencies. For me it's been a while since I bought any short positions. In the last two years I kept only buying long positions to grow my crypto portfolio. For how many years have you focused on short selling and how much profit did you make with your strategy? I find that the risk is too high in most cases for short selling, because you need to react so quickly to any new positive news and will suffer by any quick price jumps. Would the opposite of your strategy work for long positions too? Instead of looking for overbought we would try and find underbought coins when there is high demand in other crypto currencies. If there is profit to be made by mean reversion than we should focus on both sides, the long and short positions.

it definitely works both way, i think its more of a common sense than a trading strategy honestly when overbought short when underbought short, because if you do otherwise then that means you're getting fomo'd
I personally have been doing this for a long time, always long when a coin has reached so much increase, but its never that effective, after all sometime some external factors might have a big role here.
like imagine you've tried to short some overbought coin maybe ethereum then suddenly news of ethereum ETF appearing its effectively render the strategy useless. thats why its not some foolproof strategy but instead we should also be watchful about whats gonna be going in the market and always watching out for some news about the coin that we open some positions in.

tvplus006

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Quote from: Felly7 on November 06, 2023, 12:29:11 PM

...Off course i have long experince on trading...

In order to be perceived as an experienced trader, you need to prove it with documentation. Otherwise, your words will be perceived as the words of a crook who came for someone else's money.

By the way, the overbought level on which your strategy is based can be seen by anyone who is at least a little familiar with trading.

lombok

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Quote from: TakeItEasy on November 08, 2023, 02:48:31 PM

Quote from: lombok on November 08, 2023, 10:04:34 AM

Technically it is still a possibility even though the price is already at the overbought level. As far as I know, during the cryptocurrency world, the biggest influence on the rise and fall of prices apart from technical analysis is fundamentals. Fundamentals have a strong influence on cryptocurrency price movements. Just pay attention that Bitcoin with its fundamentals is able to continue to maintain its current price and is still able to continue its increase, even though Bitcoin technical analysis predicts a lot of declines. Don't be too confident about it, altcoin movements are influenced by Bitcoin and Bitcoin's dominance, as well as fundamental factors of the altcoin itself. If you are careless in collecting data, the losses experienced will be greater, cryptocurrency is not enough for what you say.

Mostly we have seen the coins prices have a change due to the bitcoin changes, as we can say it is bitcoin fundamentals or what we have to say it? Typically when the price of bitcoin is moving up, as a result the whole market turns into green as we can also say most of thr market turns into green. But when we see some bad news or we see some changes in the bitcoin price the market turns to the red side and mostly people got into loss there.
In this place also some traders got too early their exit but most of the trader didn't have much time to recover themselves so they turned into the loss. So bitcoin fundamentals plays an important role as well.

The key is Bitcoin, Bitcoin experiences an increase and then sideways altcoins will rise like crazy. If Bitcoin does not experience a sharp decline like yesterday's bearish period, altcoins will continue to rise even though they are already at overbough levels.

I can say that crypto trading is simple, you understand the Bitcoin cycle, you will understand the Altcoin cycle. Just position yourself with technical analysis, it is very likely that trading will make a profit, but I don't guarantee that trading will be successful because everyone's targets and analysis are also different.

Mauser

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Quote from: Felly7 on November 06, 2023, 12:29:11 PM

I have developed my best way to know wich coin will be best short.

I checked on binance and i did find that DOGE coin will fall sooner then others.
How do i know that ? By my new trading formule. When coin price is higher then overbought level. Then i measure the exacly how much is higher and then i see i was going all over binance now and i see the doge are overbought and the price of doge are also higher then level above overbought.
Off course i have long experince on trading and a lot sleepless nights and mistakes and a lot losses until i discovered the best method.
My time and efforts are not for Free so i have my own private team who follow me to make money with my short signals and honestly all trades are in profit maybe 1 loss out of 10 trades and we do only short trades by using my new indicator " when price is higher then overbought level " i have special ways to measure this.

With this secret formule i can find best short positions.

That's an interesting strategy to short crypto currencies. For me it's been a while since I bought any short positions. In the last two years I kept only buying long positions to grow my crypto portfolio. For how many years have you focused on short selling and how much profit did you make with your strategy? I find that the risk is too high in most cases for short selling, because you need to react so quickly to any new positive news and will suffer by any quick price jumps. Would the opposite of your strategy work for long positions too? Instead of looking for overbought we would try and find underbought coins when there is high demand in other crypto currencies. If there is profit to be made by mean reversion than we should focus on both sides, the long and short positions.

boyptc

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I knew it while reading that when someone shares his success trading story, at the end of it will always have the convincing part of selling something like joining your private or signals group.

As you have said that it's not for free and that means of course it comes with a fee. With this strategy and sleepless nights as you have mentioned, as you offer that to other people.

If I am on your shoe, I'll take my time to work on it silently and will make myself rich before anyone else. So, just like the rich folks does, they never share their formula until it's not working anymore and that's when they will start selling it.

Felly7

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Quote from: Franctoshi on November 09, 2023, 01:02:09 PM

One thing you have to be aware of when it comes to trading is that a strategy or formulae that works for you or that you find profitable to use might not be suitable and working for the next trader, because every trader has a different style of trading and it is best to develop a strategy that you find confidence and that suits your trading style.

I cant tell what is the method exacly If too many traders know then it don't work.

Franctoshi

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One thing you have to be aware of when it comes to trading is that a strategy or formulae that works for you or that you find profitable to use might not be suitable and working for the next trader, because every trader has a different style of trading and it is best to develop a strategy that you find confidence and that suits your trading style.

knowngunman

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Quote from: Felly7 on November 06, 2023, 12:51:53 PM

I have invented my own special formule.
My followers Pay me monthly fee to follow those signals.

So what is your point now? You want people to pay and subscribe to your group for signal? This forum is not like Facebook or telegram who people fall for such cheap trap. Of course, some gullible will still fall for it because of desperation and lack of zeal to learn on their own. To many questionable things to consider dealing with you inappropriate. First of all, Forum rank has nothing to do with your knowledge and trading experience but at least, it matters as far as community trust is concern. A newbie with less activity, definitely no one will take you seriously. Secondly, you don't have anything to show for your claims. You should have share your analysis and the success of your analysis so far. Or better still update the thread with one of your current analysis so we all can follow up and see the end result together in order to earn the trust.

jaberwock

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Quote from: Yamane_Keto on November 08, 2023, 10:44:07 AM

Can you share your binance trading data? It is easy to talk, but implementing the plan may not always be profitable, so why not add more details or trading data? I did not see that you mentioned a paid group, so why don't you share the data with us here and then leave the option to anyone who likes to join your group or send more data there?

I saw some chart images above. Maybe a few of it was an example of his data. And then he also give a few hints on his posts. The rest are secret as he quoted it. If you read his post carefully, he mentioned that his signals are not free so probably he had a premium group. I understand because he said he have gone through a lot of sleepless nights, mistakes and losses. Unless only if those are only a lie. But I guess there is always a way to tell it right? Anyways, even if we say it's legit, there will always be a time that we might experience a loss, like you said there but it can be okay as long as the wins or the profits that we can make are more than it.

bettercrypto

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Quote from: Felly7 on November 06, 2023, 12:29:11 PM

I have developed my best way to know wich coin will be best short.

I checked on binance and i did find that DOGE coin will fall sooner then others.
How do i know that ? By my new trading formule. When coin price is higher then overbought level. Then i measure the exacly how much is higher and then i see i was going all over binance now and i see the doge are overbought and the price of doge are also higher then level above overbought.
Off course i have long experince on trading and a lot sleepless nights and mistakes and a lot losses until i discovered the best method.
My time and efforts are not for Free so i have my own private team who follow me to make money with my short signals and honestly all trades are in profit maybe 1 loss out of 10 trades and we do only short trades by using my new indicator " when price is higher then overbought level " i have special ways to measure this.

With this secret formule i can find best short positions.

Regardless of the formula that is said here in the topic that you made, it means that you are showing that the formula that you are using is paid. However, regardless of what you mentioned, it still cannot be said that what you say is accurate.

Why did I say this? because what you explain in speculation will fall and will continue to fall; therefore, that is your assumption. Now, my question to you is: are you sure that it will be 100% profitable? because if you say yes, I'll tell you that's a red flag to me right away. Why? The market is unpredictable. Experts can't say 100% about the accuracy of their technical analysis, can you? Why are you an expert? I'm just asking.

mirakal

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It's like you want to hype Dogecoin again when all we know is that it has lost its golden days in crypto. But if you have really that effective strategy that you are sure that it's going to make us profitable, then why not elaborate it more so that the forum can also testify it if its really a good strategy or not or you are just promoting your own team to attract some naive investors and eventually fall on your trap.

This is not new in the market advertising that they have better strategies than others. But one thing is certain, if that is really effective and is working successfully on you and on your team, then you just have to keep it all by yourself and focus on how to grow your profits. Not that you are going to attract other traders to follow your strategy and end up losing because they were using a strategy blindly without assuring if its really working or not.

TakeItEasy

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Quote from: lombok on November 08, 2023, 10:04:34 AM

Technically it is still a possibility even though the price is already at the overbought level. As far as I know, during the cryptocurrency world, the biggest influence on the rise and fall of prices apart from technical analysis is fundamentals. Fundamentals have a strong influence on cryptocurrency price movements. Just pay attention that Bitcoin with its fundamentals is able to continue to maintain its current price and is still able to continue its increase, even though Bitcoin technical analysis predicts a lot of declines. Don't be too confident about it, altcoin movements are influenced by Bitcoin and Bitcoin's dominance, as well as fundamental factors of the altcoin itself. If you are careless in collecting data, the losses experienced will be greater, cryptocurrency is not enough for what you say.

Mostly we have seen the coins prices have a change due to the bitcoin changes, as we can say it is bitcoin fundamentals or what we have to say it? Typically when the price of bitcoin is moving up, as a result the whole market turns into green as we can also say most of thr market turns into green. But when we see some bad news or we see some changes in the bitcoin price the market turns to the red side and mostly people got into loss there.
In this place also some traders got too early their exit but most of the trader didn't have much time to recover themselves so they turned into the loss. So bitcoin fundamentals plays an important role as well.

Hamza2424

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Quote from: Felly7 on November 06, 2023, 12:29:11 PM

I have developed my best way to know wich coin will be best short.

Why? Because I'm sure in future traders never keep their trades open for periods like 6 months or +, so why search the potential dumbs? Becasue here maximum of the trades varies based on hype and overall market sentiments.

Quote from: Felly7 on November 06, 2023, 12:29:11 PM

My time and efforts are not for Free so i have my own private team who follow me to make money with my short signals and honestly all trades are in profit maybe 1 loss out of 10 trades and we do only short trades by using my new indicator " when price is higher then overbought level " i have special ways to measure this.

With this secret formule i can find best short positions.

So here comes the main story, Op I'm not sure if are you trying to mention some kind of your service here or something like that because there are no more details. I can appreciate that an experienced trader joined our community and he wants to guide us with his learnings that will be really exciting, but how our relations go further as a signal group or really something productive can be easily specified by the upcoming posts.

TBH Only short is not good but if you do own some kind of strategy no doubt it can work for you but for better transparency Op, must provide some proof..

Xal0lex

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Quote from: Tanzila420 on November 07, 2023, 09:48:39 AM

I also liked short trading and i try always short trading because very low risk in short trade and when thinking long trade than my opinion is who are new in trade they try always short trades is better choice.

Why did you decide that short positions are less risky than long positions? Where did you read this or are these your own conclusions? In my opinion, both short and long positions have the same risk. Well, of course, if you do not take into account the knowledge and experience of the trader. Here you have been shown how a short position goes into negative and all those who opened this position on the advice of the author of the topic lost money.

Felly7

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Quote from: taufik123 on November 07, 2023, 12:34:49 PM

Quote from: cabron on November 07, 2023, 10:24:34 AM

If it works for you then it's a good scalping practice. If you can recommend someone to do this on DOGEUSDT, would the 15min chart be a good choice?

I was thinking of also stacking DOGE since I have liked this coin aside from BTC. The crypto market is about to explode I think with just a little dip to RSI 40, it's already a good buy as long as I can increase my holdings. My only worry is if it's going to continue plunging, I'd scramble to measure the bottom once again.

Measure the riverbed once again and try diving for a cheaper price.
Will the trend favor you for that?
When you start to buy back with DOGE, you have a pretty good option, but you also have a bad option with memecoin.
But yes monetizing DOGE is quite different and it's special to have Elon Musk as a loyal fan.

When Bitcoin starts surging to reach a new ATH and altseason also arrives, then the time for Altcoins including DOGE will reach its peak.
But specifically for DOGE, he will have special rights from Elon with some interesting tweets.
So keep piling up to the bottom and you will get the benefits later, but don't forget Bitcoin is the main one.

I give guys according to my indicator wich called overbought max level highest so It's impossible to go any higher and fall

The coins in the next few hours Are

STORJ ,matic they are on my short list and most overbought according to my method.

Fademigo

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Never marry your bias. Yeah, at times in crypto Shorting can be very profitable.
But, when you do it for so long, when it starts to reverse, you won't even see it, trust me.
Soon, you have a bull run and you still try to short things and you could have long it but you are married to your bias.
Next thing you know, you are in denial phase, just trying to short while the price is going up, up3x, up5x and you still try to short.

So, be very careful, market works in both directions

Yamane_Keto

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Can you share your binance trading data? It is easy to talk, but implementing the plan may not always be profitable, so why not add more details or trading data? I did not see that you mentioned a paid group, so why don't you share the data with us here and then leave the option to anyone who likes to join your group or send more data there?

God bless u

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That great and it implies to the fact that you are lossing less and gaining more so it is a good step toward succes. I think for trading you have to give more time so by giving more time you will learn more. As bitcoin price hit 69k$ in previous year so everyone wait more and more to go down the price of bitcoin and now as it is 34k$ so it is not as higher as that is 69k$.

Doge coin on other hand is suitable for long term because its price does not seems to be go more higher quickly. When someone buy any coin at overbought level then there is probably that sooner this coin will go up because it identify the success rate of that coin. You are sharing your signals with others so definitely they will also get better results from their trades and the formula which you are using is also profitable but sometimes the market moves against the predictions and hopes so it is necessary that instead of trading some coins should be hold for longer term as it can overcome losses and increase profit.

Topic: Im short trader Im new here but been long time in trading - page 2. (Read 480 times)