I asked a simple question and you come back with bs. That's all you got. You're dismissed, go stand in the corner facing the wall...
New guy here, Just signed up today.
- Thread starter ! Chad !
- Start date
I know, normally no-one understands the difference between a pseudo-question and a margin or error approach. So you also have an inferiority complex believing you are a teacher, and yet ...
https://www.elitetrader.com/et/thre...h-and-consistent-returns.298748/#post-4264518
Teaching people to over leverage, tut tut, now it all makes sense how you have to work more for less, and given this thread is about learning, crypto and standard asset returns, of which being an options trader you have very little experience, the clarity becomes apparent.
Now, going back to the original question, don't worry lylec305 won't give up but there are more important things to discuss, after all am never going to be popular efficiently taking money from those who over work and over leverage, my speciality. In the older days of crypto you could make institutional returns without the capital and without the long timeframes, however now that they are onboard they are pushing the profit spreads wider, meaning you need more capital for marginal gains across longer timeframes.
How do you offset that, drop to lower timeframes, which doesn't work in crypto under 5mn, there are only 3-5 ticks per minute, and 5mn generates a trade every fortnight, which means you need to wait for buy low sell high. In forex you can trade down to seconds as you have 3-5ticks per second, plus the volatile futures, but on crypto you are now in to capital trades, trying to do anything differently is going to be a capital evaporating event.
That is why I haven't traded crypto since January, made $15k profits on a standard asset account (hourly timeframes) via a single trade, experience allows you to do this when opportunity arises instead of via 3-5trades , which means I only need to now start trading cryptos again. You can expect a capital event to occur this quarter, likely on the 4hr.
Obviously you can take the lylec305 approach to trading, fight everyone and hope you're the best, but I prefer my way following the financial market structure, currently sitting in Switzerland and wondering whether tomorrow to go to Tuscany or the Cote d'Azur for a couple of weeks, I'll post the picture when I get there, but I'm thinking beach would be quite pleasant.
How do you offset that, drop to lower timeframes, which doesn't work in crypto under 5mn, there are only 3-5 ticks per minute, and 5mn generates a trade every fortnight, which means you need to wait for buy low sell high. In forex you can trade down to seconds as you have 3-5ticks per second, plus the volatile futures, but on crypto you are now in to capital trades, trying to do anything differently is going to be a capital evaporating event.
That is why I haven't traded crypto since January, made $15k profits on a standard asset account (hourly timeframes) via a single trade, experience allows you to do this when opportunity arises instead of via 3-5trades , which means I only need to now start trading cryptos again. You can expect a capital event to occur this quarter, likely on the 4hr.
Obviously you can take the lylec305 approach to trading, fight everyone and hope you're the best, but I prefer my way following the financial market structure, currently sitting in Switzerland and wondering whether tomorrow to go to Tuscany or the Cote d'Azur for a couple of weeks, I'll post the picture when I get there, but I'm thinking beach would be quite pleasant.
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