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Author Topic: Day trading and heavy manipulation  (Read 1552 times)
GwSoJ
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April 05, 2018, 10:28:38 AM
 #1

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
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April 05, 2018, 01:17:56 PM
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Day trading for noob is just like gambling because of high level of volatility, you can't always make profit with day trading even if you are expert in market. Its always about difference between the profit and loss you will have in a day. You need to put small losses at different levels and should make an exit at some big unusual spikes.

You will start learning from your mistakes if you will continue day trading.

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April 05, 2018, 01:38:04 PM
 #3

I think you are not a profitable trader yet. A profitable trader does not lose its money or capital even if the market is trending or ranging on both bullish and bearish momentum.

In every investment vehicle. There is a lot of manipulation happening. My advice to you is to follow the market and not predict its movement

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April 05, 2018, 01:52:19 PM
 #4

Experienced traders knows already how this market works and even riding with the whales. Day trading is not good for newbies and yes price manipulation is true but this is just for short term because whales still need to pump the market so they can have more profit.
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April 05, 2018, 01:57:01 PM
 #5

The point I was trying to make was you can't follow the market or predict the market. Unless you are an insider with the whales then you can't win. The dumps happen too quickly. All you can do is buy and hope or sell and hope. I would be impressed if someone showed me a winning formula for day trading bitcoin when you can't control the pump and dumps.
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April 05, 2018, 02:02:25 PM
 #6

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
As a former stock trader, I will say that daнtrading is a roulette where zero is a broker and exchange Commission.
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April 05, 2018, 02:08:17 PM
 #7

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
The crypto money market is known for its high volatility. We are talking about a stock exchange that lost 10% in value within 24 hours. I do not know what kind of strategy you apply.



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Rainbot
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April 05, 2018, 02:09:43 PM
 #8

F**k manipulators i hope they die with excruciating pain and leave them in hell for thousands of years. Manipulators are the one to blame for many looses in the market i really really hope they die soon. It seems like you are enjoying the fun in winning and lucky enough to join a coincidence journey along side the manipulators that i hope to die very soon.

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April 05, 2018, 02:39:45 PM
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F**k manipulators i hope they die with excruciating pain and leave them in hell for thousands of years. Manipulators are the one to blame for many looses in the market i really really hope they die soon. It seems like you are enjoying the fun in winning and lucky enough to join a coincidence journey along side the manipulators that i hope to die very soon.

Calm down. Manipulators aren't forcing you to buy or sell coins. It's all up to you in the end. Manipulation happens in every market, but it's just that in current market the lack of liquidity and plenty of seperate order books make it very easy for whales to just steer the market in their preferred direction. People should just accept that trading isn't their thing, especially with how active the market lately has been. Even well experienced traders are losing out in this market, which just points out how difficult day trading in general is. Day trading in current market or straight gambling, both are quite similar in their ways.

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April 05, 2018, 04:01:17 PM
 #10

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
Actually that is a good thing that you didn't lose anything,but day trading is not that much effective only the experienced people will earn from it if yiu are newbie you can earn your investment in no time.

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April 09, 2018, 02:52:33 PM
 #11

What you said is the truth. There is no way you can predict the outcome of the market. But studying and being an expert can help you in some ways, you can be able to predict something sometimes… though it doesn’t work like predicted. There are investors who usually manipulate the market all the time. They invest a heavy amount of money that will drive up the market and when their profit goes up, they will withdraw the money taking away the money that belongs small investors. That’s why it’s good to set a target amount most times.


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April 09, 2018, 02:54:04 PM
 #12

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

actually, the same goes for stocks and other coins. technicals mean nothing at all somethimes no matter how much effort you put in studying the charts.
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April 09, 2018, 03:25:57 PM
 #13

 That is the fact behind this manipulation which is no one can predict when will be the price will dump again. Because only those big players in the market can control the price . Which is on this circumstances only expert on trading is the only one can avoid loses and can ride the waves of the market nowadays.


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April 09, 2018, 03:40:01 PM
 #14

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

I actually agree with you, and this has been delaying my entry into the trading business. Believe it or not, I have been paper trading for almost 6 months now, so I've seen two very different realities. One where the price would simply go up no matter what, and this new one, where the price keeps getting "trapped" and all you get are some small bounces, that seem to mark a recovery, only to be followed by a big dump out of no where.

If you are really just into trading I would say that the best approach would be to stay all cash on an exchange, and try to get small exposure to those bounces. Quickly lock that profit and get out. On paper I actually have some profit, following this method, but I still don't feel confidant enough to put it to test with real money.

If you don't want to day trade, and just invest, then I think you are all good, and you can buy right now. You will probably face losses in the short term, but with all the technological improvements that bitcoin is going to experience, I think they price will have no trouble recovering from this bear market. Manipulation will not have a chance against adoption, and I believe in BTC future.

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April 09, 2018, 04:36:56 PM
 #15

At this time, this is the moment when to trade even for an experienced trader can be unprofitable!
While the market does not stabilize, I do not advise you to do anything at all!

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April 29, 2018, 07:56:12 PM
 #16

At this time, this is the moment when to trade even for an experienced trader can be unprofitable!
While the market does not stabilize, I do not advise you to do anything at all!


Not all think that way. With a not stabilized movement then some creates money with it.
Just observing the flow and somehow getting lucky. It is a risk that most day traders take, profits there could be huge which could take care of a whole year of a budget or it could also be a loss of all the capital that you invested.
It is for those who are gambling their way out of trading.


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April 29, 2018, 07:58:42 PM
 #17

When the price of each bitcoin drops heavily, the only thing that you should do is sell at least 20% of your entire portion of money (the batch that you are trading) and keep holding that for a while.

If it starts to go deeper, sell another part of the batch until you reach a 50%. And then hold that until it comes back up again.
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

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TTITA
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April 29, 2018, 08:14:59 PM
 #18

The point I was trying to make was you can't follow the market or predict the market. Unless you are an insider with the whales then you can't win. The dumps happen too quickly. All you can do is buy and hope or sell and hope. I would be impressed if someone showed me a winning formula for day trading bitcoin when you can't control the pump and dumps.
If myself has my own way to notice dumping movement, it usually happens when upcoming weekends or there is bad news about crypto currencies. While the beginning of the week such as Sunday/Monday usually has a good trend to do market recovery, so you can see the volume will be a lot of active buying during the working day.
Fatunad
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April 29, 2018, 08:29:13 PM
 #19

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?
Not only you do notice such thing but all people who do engage on day trading.Price volatility would be the worst enemy and would be your best friend depending on your skills as a day trader.Might not work on the things you do but dont give up.You can make practice anytime without involving any real funds.Emotion is a great factor that can affect day trading if you do able to think negatively like dumps and manipulation you cant really thing off clearly since youre anxious.


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Moiyah
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April 29, 2018, 10:17:22 PM
 #20

The point I was trying to make was you can't follow the market or predict the market. Unless you are an insider with the whales then you can't win. The dumps happen too quickly. All you can do is buy and hope or sell and hope. I would be impressed if someone showed me a winning formula for day trading bitcoin when you can't control the pump and dumps.
If myself has my own way to notice dumping movement, it usually happens when upcoming weekends or there is bad news about crypto currencies. While the beginning of the week such as Sunday/Monday usually has a good trend to do market recovery, so you can see the volume will be a lot of active buying during the working day.

Know what? I have noticed it, too. Either coincidence or not, technically the trend is good at that day sunday/Monday.
OP shall gather more strategies and tactics. Day trading is not profitable for those who are not yet veterans in this field. Whenever you see the continuosly dumping value of your coins, you can sell them immediately. With of course, when you think your profits are just enough.

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