Post
Topic
Board Trading Discussion
Re: Is there anyone here consistently trading cryptos successfully?
by
exstasie
on 03/10/2018, 20:55:03 UTC
Yes man you’re right, if they had such they wouldn’t be out here on the internet looking for who to sell it to… they would keep it a secret to themselves and invest millions of dollars which will in return get them billions of dollars and you will see them rocking life and enjoying themselves in their private jets and cooling off in yachts. Lol. So I don’t even trust them, none of them knows what they are doing, they just sell fake to traders.

The most effective trick is where they take screenshots of multiple trade setups. Then after the price has moved, they only post the correct screenshot. To newbies, it looks like they never lose. To old timers, it's an obvious scam. The first thing to look at with these snake oil salesmen is timestamps. If they wait until after their prediction is proven correct to post the prediction, they're being deceptive about their results.

Yeah I also doubt that anyone could always make profit from crypto trading, crypto and stock trading is different, in crypto most of the coins are decentralised, so it can be manipulated, so chart and technical analysis can go wrong

Technical analysis can go wrong in any market. Manipulation can happen in any market too.

Some great traders have win rates worse than 50% because their ROIs are so high. Realistically, a win rate of 50-70% is excellent. Anyone bragging about results much higher than that is either (a) lying, (b) working off too small of a sample set, or is a "genius in a bull market"-- see (b).