Just coded an intraday volatility/volume trader

[Seth Walsh]

Not my trading style but there's absolutely no sustained trends in the crypto markets.

Enjin coin looks to be a crazy one for short term traders.

@PsychoDsk What do you think. Have you been trading Enjin?

 

[Seth Walsh]

"Vibe coded it btw".

Literally just pasted code in with instructions, and screenshotted my IDE with output/errors whenever I wanted it improved.

GPTo4 mini high is AMAZING..

 

[Seth Walsh]

24 hour volume as a % of marketcap is really useful imo. It's a shame the markets are so active. But more or less moving sideways. Where are the big winners?

I can't cut it trading short term. Not my wheelhouse.

 

[PsychoDsk]

Not my trading style but there's absolutely no sustained trends in the crypto markets.

Enjin coin looks to be a crazy one for short term traders.

@PsychoDsk What do you think. Have you been trading Enjin?

Agreed, I’m staying away from scalps atm
Just holding spot and my long term longs

Still feel we could go lower on btc and btc.d to give one more wick to the upside

However, I do think we’ve bottomed on all alts and btc tho. Maybe just some chop with btc’d grinding up some more but we should generally be good for a sustained altcoin uptrend really soon

What do you think?

"Vibe coded it btw".

Literally just pasted code in with instructions, and screenshotted my IDE with output/errors whenever I wanted it improved.

GPTo4 mini high is AMAZING..

Yea lmao I made a memecoin sniper bot like that. The bot would scan X and dexscreener 24/7 for coins that could gain hype and then immediately buy in
Gave me some profit but malfunctioned after a while

 

[Seth Walsh]

Agreed, I’m staying away from scalps atm
Just holding spot and my long term longs

Still feel we could go lower on btc and btc.d to give one more wick to the upside

However, I do think we’ve bottomed on all alts and btc tho. Maybe just some chop with btc’d grinding up some more but we should generally be good for a sustained altcoin uptrend really soon

What do you think?



Yea lmao I made a memecoin sniper bot like that. The bot would scan X and dexscreener 24/7 for coins that could gain hype and then immediately buy in
Gave me some profit but malfunctioned after a while

I've been weirdly bullish all the time on Bitcoin for the past 5 years pretty much. And especially in the past 3 years or so.

We definitely could go lower. But I never like to look at that scenario. I don't short any crypto at all.

I don't look at BTC.d that much but I could be more confident that that'll continue to be a very smooth uptrend regardless of overall crypto movements.

I don't consider markets trending unless they break above historic highs, and since that's not happening anywhere, it's pretty frustrating for me.

For example with Solana in 2023. It'd be hitting new historical highs each time it broke above say $18... then $19 etc... and any resistance would be years old. We're not getting that.

I believe BTC will pass $107k or whatever the ATH was, again. But feel I have to wait if I want to stick to my principles and strategy. If/when it does, alts will pass their highs too. Then it's go time. It's moreso about getting into a long-term trade then, and nursing it.

i.e., get into BTC at $107k at 1x lev. The trend is clean and sustained, not choppy. Cleverly add to the winning position and increase leverage (pyramiding essentially). Loose trailing stoploss and a hard stop at the original breakeven price (and at whatever the new breakeven prices are). Then just trust you're managing the intra trade choppiness appropriately, no profit target, only increasing your exposure and managing your risk.

Those home run winners are what drive long term capital growth in my opinion. It's times like this where capital preservation is paramount. But the markets are always tempting.

 

[PsychoDsk]

I've been weirdly bullish all the time on Bitcoin for the past 5 years pretty much. And especially in the past 3 years or so.

We definitely could go lower. But I never like to look at that scenario. I don't short any crypto at all.

I don't look at BTC.d that much but I could be more confident that that'll continue to be a very smooth uptrend regardless of overall crypto movements.

I don't consider markets trending unless they break above historic highs, and since that's not happening anywhere, it's pretty frustrating for me.

For example with Solana in 2023. It'd be hitting new historical highs each time it broke above say $18... then $19 etc... and any resistance would be years old. We're not getting that.

I believe BTC will pass $107k or whatever the ATH was, again. But feel I have to wait if I want to stick to my principles and strategy. If/when it does, alts will pass their highs too. Then it's go time. It's moreso about getting into a long-term trade then, and nursing it.

i.e., get into BTC at $107k at 1x lev. The trend is clean and sustained, not choppy. Cleverly add to the winning position and increase leverage (pyramiding essentially). Loose trailing stoploss and a hard stop at the original breakeven price (and at whatever the new breakeven prices are). Then just trust you're managing the intra trade choppiness appropriately, no profit target, only increasing your exposure and managing your risk.

Those home run winners are what drive long term capital growth in my opinion. It's times like this where capital preservation is paramount. But the markets are always tempting.

Mb for answering late but you’re 100% correct. Capital preservation is key in crypto or any other risk market.
Ur strategy is perfect to drive long term capital growth with the least amount of risk involved, mine is somewhat more risky short term but still quite profitable long term.

After this bullrun I’m completely leaving crypto (except btc). The market has been bugging me a lot recently, not in terms of losses but just in general factors like institutions and news factors getting involved. It makes it a whole lot harder to spot trends early.

Btc will always be my 1# holding and I remain extremely bullish on it especially now that it’s gaining notice as an alternative for risk-off assets

Since september I’ve just been scaling alts spot and since btc tapped my support level at 74.6k I’m slowly dca’ing into longs
Although if I would do this solely my portfolio would be too volatile for my liking so I hedge most my positions nowadays so that both upwards or downwards momentum is profitable

I’m playing with way more capital than I was in 2021 so I had to switch up my strategy otherwise too much risk would be the death of me

The thing is, most my ROI will come from the alts so it’s just mostly patience on that part.

However I’m really curious on how u preserve ur capital while being completely out of the market, are u invested in other markets? Do u run a business? …

Currently I’m actively looking into exit strategies and there’s so much I can’t really get a grip on. When I leave the market, how could I preserve my profits and get a nice ROI on it, u seem to have a clear understanding of overall smart financial decisions. I’m really just a loaded crypto retard atm

 

[PsychoDsk]

I've been weirdly bullish all the time on Bitcoin for the past 5 years pretty much. And especially in the past 3 years or so.

We definitely could go lower. But I never like to look at that scenario. I don't short any crypto at all.

I don't look at BTC.d that much but I could be more confident that that'll continue to be a very smooth uptrend regardless of overall crypto movements.

I don't consider markets trending unless they break above historic highs, and since that's not happening anywhere, it's pretty frustrating for me.

For example with Solana in 2023. It'd be hitting new historical highs each time it broke above say $18... then $19 etc... and any resistance would be years old. We're not getting that.

I believe BTC will pass $107k or whatever the ATH was, again. But feel I have to wait if I want to stick to my principles and strategy. If/when it does, alts will pass their highs too. Then it's go time. It's moreso about getting into a long-term trade then, and nursing it.

i.e., get into BTC at $107k at 1x lev. The trend is clean and sustained, not choppy. Cleverly add to the winning position and increase leverage (pyramiding essentially). Loose trailing stoploss and a hard stop at the original breakeven price (and at whatever the new breakeven prices are). Then just trust you're managing the intra trade choppiness appropriately, no profit target, only increasing your exposure and managing your risk.

Those home run winners are what drive long term capital growth in my opinion. It's times like this where capital preservation is paramount. But the markets are always tempting.

I’m curious tho, do you experience fomo when u wait for actual trending markets?

For example, let’s say some ppl catched FET at .23 before it ran up to 3.5$ back in march. If I’m correct ur strategy would only spot FET at 1 since then it broke strong resistance and confirmed it’s uptrend.

do u experience fomo in the sense that u COULD have caught it earlier and get way more ROI on it then u would following ur strategy.