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Topic: Lose all your capital fast, with MatTheCat and his TA 101A! - page 65. (Read 85774 times)

legendary
Activity: 1260
Merit: 1000
"Ironically, I'm in this book 'The Big Short,' but I'm not a big short. I don't go out looking for good shorts. I'm spending my time looking for good longs."
hero member
Activity: 840
Merit: 1000
We will look back years from now and say, "remember that MatTheCat guy that tried to short the BTC halving based on a 4hr chart?  I wonder what happened to him?"

Fucking rat cocksuckers.

6 fucking BTC trade with Stop Order




And you will remember that the trade in which this quote refers to:

Fucking rat cocksuckers.

6 fucking BTC trade with Stop Order

Was indeed a time when Finex FU stopped me out of a short at $407.24. I know this exact figure, as my Stop Order did turn out to be the very top of the market, so all I have do to, without even checking the thread or any charts that I posted, is look at the candle high on Finex for Jan 20th, and the candle high for that date, was indeed, $407.24. What Roach fails to state, is that Bitcoin then went on to tank, bottoming out at $360. Which I can tell you, was an utterly fucking galling experience since I was proven 'right' but lost money, yet again.

I don't think I am a crack trader, but I have learned how to properly read charts and was turning over a decent success rate, and so I started this thread, and also my growing confidence resulted in me increasing bet sizes...and since then.......2 fucking duds. To be fair, the latest short trade is still in play (not the Finex trade, which FU'd over the stop point, but the one I actually took on OKCoin3MonFuts), but to be honest, at this point in time, I don't have much faith in it. In between these two dud trades which I publicly posted, I took this one:

https://www.tradingview.com/x/lQLIDesp/

The irony of the fact that the minute I decide to post a couple of trades for all to see, that they failed spectacularly (well one has, the other looks likely to), is not lost on me. Neither is the fact that I am putting mental capital into debating with tossers like you, who due to your permabull outlook, have the privilege off always being 'right' when Bitcoin rises (and always being wrong when it goes down). Me on the otherhand, by posting short trades with tight Stop Losses, I have to hit the nail on the fucking head, otherwise I am stopped out, and then invariably get the dubious honour of being proven 'generally right', but still losing money.

But yep. I am deploying Range Trading tools looking for reversals when in all likelihood, Bitcoin has switched from a ranging market state and has commenced on a bullish trend and thing to be doing here, is to be looking for bullish structure on pullbacks in order to get into long positions, and not go hunting for countertrend short trades that are always liable to be stopped out as Bitcoin pushes ever increasingly higher, against the grain of all technicals and reversal indicators.

legendary
Activity: 1260
Merit: 1000
Going to start a thread posting my own ideas and what is happening with BTC.


I really have to thank you, Mat, for literally years of this kind of entertainment. 

Your reliability as a reverse-indicator is absolutely uncanny. I am beginning to think that the sharks really are out to get you personally. Thank you for never giving up.


We have a dedicated thread for that:

The MatTheCat reverse indicator thread

https://bitcointalksearch.org/topic/the-matthecat-reverse-indicator-thread-1319356
full member
Activity: 136
Merit: 100
Why the long face?
Going to start a thread posting my own ideas and what is happening with BTC.


I really have to thank you, Mat, for literally years of this kind of entertainment. 

Your reliability as a reverse-indicator is absolutely uncanny. I am beginning to think that the sharks really are out to get you personally. Thank you for never giving up.
newbie
Activity: 34
Merit: 0
Going to start a thread posting my own ideas and what is happening with BTC.


At the moment, I see a completion of a weak move up against the grain of the momentum indicators. Shorters probs want to set their trades around $432-$433, targetting low $420s and setting their stops up above $436. I would be astounded if BTC takes out the $435 high, without first correcting a good bit. Momentume looking very heavy, volume is increasingly anaemic.

I am currently short from $430, and won't be adjusting anything for the time being.

You're playing the game wrong, don't use those indicators with bitcoin.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Cheesy

this is bad

 Grin
hilariously, comically bad ... laughs don't come along more genuine and cheaper than slow motion train rekts playing out like this
hero member
Activity: 644
Merit: 504
Bitcoin replaces central, not commercial, banks
 Cheesy

this is bad
legendary
Activity: 1260
Merit: 1000
Lol, Mat isn't a banker.  There's a post buried here somewhere that he acknowledges the zionist banking mafia.  He's just a daytrader trying to rub two nickels together shorting (usually unsuccesfully) everything that moves.
full member
Activity: 196
Merit: 100
This clown doesnt own any bitcoins, he is a paid bankster talking trash about bitcoin, wanting everyone to sell coins.
Or maybe he has some serious mental problems.
legendary
Activity: 1260
Merit: 1000
The interesting part is, Mat seems to believe he's an awesome trader, but most Mat trades seem to be shorts.  Shorts are inherently more risky and less profitable than longs because the price of something typically doesn't go below zero, but it sure as hell can be inflated to comically high numbers.  Regardless of how much faith you have in your TA skills, a good trader would want to use shorts as little as possible instead of being the only thing you use.  You make money by asymmetric trades, not by stacking the deck against yourself on purpose.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
We will look back years from now and say, "remember that MatTheCat guy that tried to short the BTC halving based on a 4hr chart?  I wonder what happened to him?"

... dropped out of 101 classes to do a Start-up, then who knows.
legendary
Activity: 1260
Merit: 1000
We will look back years from now and say, "remember that MatTheCat guy that tried to short the BTC halving based on a 4hr chart?  I wonder what happened to him?"

Fucking rat cocksuckers.

6 fucking BTC trade with Stop Order

legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
Mat getting schooled, is that what this thread is about?
hero member
Activity: 840
Merit: 1000
Equivalent Trade on Finex:

hero member
Activity: 840
Merit: 1000
The Party's over (for now):

hero member
Activity: 840
Merit: 1000
A couple of years ago, I had a little conversation with our old friend Goomboo. He confirmed some things that I saw happening in the market that are very similar to now.
-Place large bid, just out of reach of all but the deepest pockets.
-Watch as the little guys place bids in front assuming "this guy is for real!" and feel the safety of the wall that surely won't let the price fall too far.
-yank the wall when bid depth is sufficient for today's dose of volatility.
-Dump (called The Hammer for obvious reasons)

This works for the other direction of course. In this case, spike the price up first, then halt the fomo by placing a large-ish ask a little above spot while 'they' accumulate some of the quick buck seekers' sell pressure. "Now the top is in for sure, right?" Nope. "Well who would stick a profit taking wall out in the middle? This must be it!". Little guys sell and watch as the wall is pulled and the next move higher commences. Left in a state of shock and awe, they frantically try to figure out what just happened. "Should I buy back? Right now it's a small loss of coins, but if I don't, and it continues, then it'll be bigger... Fuck it! I'll buy back" This all happens just as the top has been seen and they are now the next gen bag holders.

Like sands through the hourglass, so are the cycles of Bitcoin trading

Goomboo sounds like a pretty savvy chap.

Shame not many of those hang seem to hang around here that long.


=====================================================================================================================


legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
A real man would just admit he was wrong rather than play the blame game on a phantom invisible hand. If you were correct you would call yourself a success (like you just did in the post above "I was in a winning streak") but if you make a mistake it was an invisible ghosts fault....If only those excuses actually fooled anyone Tongue

You're right though I don't think TA works at all actually. I am however messing with it for entertainment purposes because I find it fun. If I end up being wrong (which I'm sure I will be in the end) I'd just admit that I was wrong.

Are you familiar with the term "locus of control'? Psychiatric patient's always have an external one....
hero member
Activity: 840
Merit: 1000
Then why are you even attempting TA? And then complaining about it.....

How about.....


....Fuck off?

 Huh

What you just showed everyone is how immature and non level headed you and that you could not explain the reasoning behind your actions and thus had to resort to profanity in an attempt to maintain your ego.

/golf clap

I am trading setups based on technicals.

If I get as much as a 70% success rate doing this, then I would consider that a fucking tremendous track record. But that still means I am gonna be wrong 30% of the time.

There was nothing technically wrong with the setup that I posted and the setup that I took, but this was one of those times that it didn't work. More annoying still, was I was so confident in the signals I was seeing in charts, that I increased my stake substantially, which pretty much negates the proceeds of the recent winning streak I have been on, and I am understandibly pissed off.

I don't need the likes of you jumping in here taunting me when I get it wrong, without having the slightest constructive thing to say....except "lol...TA  doesn't work in Bitcoin"
legendary
Activity: 1260
Merit: 1000
World Class Cryptonaire
Then why are you even attempting TA? And then complaining about it.....

How about.....


....Fuck off?

 Huh

What you just showed everyone is how immature and non level headed you and that you could not explain the reasoning behind your actions and thus had to resort to profanity in an attempt to maintain your ego.

/golf clap
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