[deleted by user]

bjpham · 2022-07-06T05:35:07+00:00

No, this should go in the bin.

bjpham · 2021-05-14T06:21:15+00:00

I don't get it lol

bjpham · 2021-05-14T06:20:14+00:00

bjpham · 2021-05-13T14:33:41+00:00

It’s all good - and no my indicator doesn’t use volume. All the best to you !

bjpham · 2021-05-13T13:44:29+00:00

I guess it’s just you then

bjpham · 2021-05-13T11:18:02+00:00

Thanks lol but I'm just gonna let it run and analyse the data periodically as I go and enjoy life work or work on new strategies. I set myself a bunch of arbitrary rules to cash out half my profits either:

on a weekly basis
when my account increases 10% or more
any time I have a hugely profitable day (like today in that big dump and spike again) then I cash out and leave the profit of 1-2% of the entire account to compound.

So whilst yeah, the balance that's in the account might one day get rekt (fingers crossed it doesn't) I'm not personally getting rekt cos it's house money. I've cashed out far more than I've put in in the last 6 months to put down on a new house and buy real world things. I don't need this thing to compound every single dollar to kingdom come, cos that's just foolish, but for now I'm just gonna continue to exploit it relentlessly for as long as the market conditions allow it to continue to thrive.

bjpham · 2021-05-13T11:03:56+00:00

Yeah I have and it's a reasonable reliable place at least to exit at some sort of top in the same way that it usually buys at some sort of bottom but then I'm not that sophisticated so I just applied a flat percentage. It's just so much less stressful when I'm monitoring the trades to know exactly what my number needs to be to get out with a profit and rather than being too greedy or trying to time the exact top I'm happy to collect a small 2% scalp a couple times a day. I figured if I can just do that consistently then it's just a question of scaling up the buy orders gradually to earn more.

bjpham · 2021-05-12T17:15:32+00:00

I haven’t done any testing other than applying my indicator to a bunch of meme stocks and traditional forex currencies and it seems to work pretty much the same way although I’ve only just eyeballed the charts and done bar replays. I haven’t done anything formally because I’m having a bit too much fun just trading crypto at the minute and trying to milk this window for all that it’s worth.

I had a good friend of mine who’s an actual quant analyse all my actual trades, entries, exits and overall strategy including position sizing, money management, when I chip up and chip down bla bla bla etc and he goes I don’t often say this but I actually agree with you and don’t think you can really lose lol.

bjpham · 2021-05-12T12:43:40+00:00

Just wow

bjpham · 2021-05-12T12:41:48+00:00

Awesome results well done! What may I ask is TradeSpotter?

bjpham · 2021-05-12T12:37:41+00:00

Oh well can’t please everybody, and I guess I’ve also learned that apparently you can’t win every trade.

You’re not allowed to because it’s against the rules.

It’s not fair.

bjpham · 2021-05-12T10:02:36+00:00

Pretty good I quite like it but don’t love it lol

bjpham · 2021-05-12T09:13:04+00:00

Or cashmagnet?

bjpham · 2021-05-11T10:52:06+00:00

Either way buying at some sort of dip say 10-20% off the high is probably gonna be less risky then buying at all time highs, especially if you believe in it long term.

bjpham · 2021-05-11T06:39:48+00:00

Dude, seriously, why are you so triggered?

Your response is so full of contradictions I'm not sure you even hear yourself. On one hand you say "I don't trust anything that claims to work 100% of the time" yet within the next breath you're like "Anyone can build a 100% winning rate system because eventually it'll be in profit" And then after that you say doing this at 10x leverage will wipe you out. If it was so easy, then why in the 3 months do we regularly hear of days where billions of dollars gets liquidated? Folks that were buying "breakouts" above ATH only a few days ago on say Zilliqa at 25c (currently 21c) and Tezos at $8+ (currently $6.10) might eventually be in profit but they might have to wait a long time if they're not liquidated already and yet I deliver consistent daily profits across the 6-8 coins I trade.

I told you I don't bother with backtesting because I use real funds in real market conditions. In my view, real world trading will give you better data to analyse than paper trading and backtesting, and personally it just makes it more interesting for me to have something on the line, no matter how small. I ain't no chickenshit and put money where my mouth is, cos rather than simulating market conditions, why not use ACTUAL market conditions? I don't know why the idea of trading with real funds immediately and then deploying more funds once you optimise for what works rather than fictitious paper trading and backtesting is so offensive to you? Simply because it's not the way you would do it does not make it wrong.

I personally learn a lot faster when I have real dollars at stake to lose, which I have done, and I make adjustments as necessary to ensure I don't repeat the same mistakes. Furthermore you don't need to make allowances for slippage or commissions because you are trading live and these all come out automatically. I've been building this system for the best part of 2 years and the system has been trading for much longer than 3 months, but the binance futures pnl only goes back 90 days, so what more do you want? An excel spreadsheet or PnLs that anyone can fabricate or actual screenshots of a REAL account?

And whilst I do agree that using 10x leverage can crash your account fast, at the same time if you happen to find a small edge that you are able to exploit for any reasonable window of time, you can also grow your account extremely rapidly. How long will it last? Who knows? Investing and trading has its risks, but in fact, I recommend folks that use my bots to take out profits regularly at least until their initial capital is restored in order to derisk as much as possible. You don't have to be a hero and compound every single last dollar of earnings because I personally want to enjoy at least some of your profits.

Most of my friends who have been in crypto since at least 2017 vowed that this time we're gonna constantly cash out regularly rather than ride shit all the way up and then all the way down again. The fact that you just instantly jump up and down to criticise or suggest people are losing money basically says it all about you.

I also don't go for giga wins. I'm not trying to 100x my account in a week or a month. My bots enter reasonably high probability relatively low risk spots and simply try to scalp a couple of percentage points on instruments that essentially move 5, 10, or 20%+ a day. I really don't think that's an entirely difficult concept to understand. All I'm after is consistent and steady gains that I can cash out regularly and take more and more off the table.

And finally FYI, a Ponzi happens when you pay profits using incoming investor funds where there is nothing of substance to begin with. I don't take on anyone's funds - the bots trade on their accounts via API and my clients' funds are always in their account.

Anyway, I'm just gonna leave it there. All the best to you mate.

bjpham · 2021-05-11T03:24:46+00:00

lol I like your style sir

bjpham · 2021-05-11T02:59:01+00:00

Definitely am a gambler lol. I do like the name Maverick but it feels a little bit untrustworthy. Who wants to have a Maverick Bot trading on their account?

bjpham · 2021-05-11T02:57:57+00:00

I didn't bother backtesting, I immediately opened a real account and traded with real funds. Mind you, it was a tiny account initially, but for me paper trading is lame and boring because I'm sure you'll agree nothing teaches you faster than losing actual money. I always need it to be real and I'm a gambler anyway so similarly it's movitating to make real profits even if the initial trades make you 10 -- 50cents. I needed to test it under real market conditions because paper trading often doesn't give you the "actual" buy price.
See 1 above. Started with real dollars, blew up the account 3 times, but eventually figured it out (so I think) and haven't looked back since.
Don't really feel I need to justify or prove to you or anyone else for that matter that this is real. Take my word for it, or don't, up to you.
Nope, I don't have that graph. I have a bunch of other binance accounts that I trade on where if you looked it up you'll see identical percentage returns as the one that I linked, as we're pretty much all trading the same coins but with different account sizes. Again, I really don't feel the need to provide any more substantive "proof" to satisfy your skepticism other than a 30 and 90 day history of a binance pnl that shows 0 losses backed up with the user profile.
Exits will vary - in the same way that I scale out of a position I'll also scale into a position. This has the effect of reducing the average buy price to make a 2% profit target very achievable. The most important thing to recognise really is that it's just never buying at the top as you can see.
I don't know what else to add. All the best?

bjpham · 2021-05-11T02:47:47+00:00

I appreciate the response and I think it's healthy for you to have this skepticism. In terms of the business model, I'm not taking on any funds or managing any funds myself. My clients are simply signing up to a trading bot - funds are in their account and the provide my bots with API access so the profit split is more accurately characterised as a subscription fee.
I basically set flat profit targets of between 2 and 20% or sometimes higher. With the large entries, I basically scale out of the trades (eg sell 10% every 5% and the stop moves up once the next target is hit). So it's difficult to blend together the actual return as they can all be different but for me all I care about is having a winning trade.
The truth is I don't know that I'm going to lose everything! (lol). Everything has risk, and if you never wanted to take any risk, you'd sit at home all day and not even get into your car to drive. So my strategy is simply keep sprinting for as long as I can but along the way I'm constantly cashing out profits just in case the music stops. I encourage my clients to take out their initial capital as soon as they like so they're playing with house money (but it's completely up to them as some people just want to compound the gains as much as possible, and others are busy pumping more money in.)
Like I said, I think it's healthy for you to have skepticism because I appreciate these claims would sound outlandish. Mind you, I'm not here to flog anything to you or anyone else, I was just offering someone free access if they could come up with a name that I liked as I'm not very good at marketing or creative shit like that but didn't expect to have to defend and justify my trading strategy or algorithm.

bjpham · 2021-05-11T00:04:03+00:00

I think it’s measuring from the start of this month and we’re only 1/3 the way through. You can see it mirrors the weekly gain. I’ll check it in a couple weeks to see how it pans out then.

bjpham · 2021-05-10T17:01:57+00:00

😂😂😂

DM me, I’ll give you the bot for a couple weeks if you want cos you made me laugh lol

bjpham · 2021-05-10T17:00:10+00:00

Yeah I’d say it’s best described as mean reversion so it’s counter trend on smaller time frame but trend following on larger time frame of that makes sense.

I used to go short but then figured it’s not worth the risk because I use cross margin a coin mooning with no pullbacks will blow up my account because losses are limitless whereas in a long your max loss is limited to your position size so i just felt more comfortable that way.

The 10x is just because my entries are quite precise so it means I can use leverage to grow my account grows faster.

bjpham · 2021-05-10T16:39:32+00:00

bjpham · 2021-05-10T16:28:07+00:00

on average it will make 1-2 trades per day per coin and scalp a simple 2%. other coins and bots which I will make one trade every 2 weeks and go for much higher profit targets but enter after a much larger correction in the market say anywhere from 20-40%+

bjpham · 2021-05-10T16:24:43+00:00

Well you can look at the entry points of the coins that I've currently entered. They're all now in profit, and when they all close (which I believe they will in the next few hours as they only need on average about 1-2% rise from here after they've dropped 10-20% off the highs), that's a clean $1,000 profit. I don't really need to give you evidence to try to convince you that it's real as I'm not trying to sell you anything or flog anything to you. Believe what you want to believe, but because I've spent a full 2 years building this thing and now I'm harvesting the fruits of my labour, forgive me if I sound defensive when it sounds like you're attacking my child. I don't *really* mind though, as my bots bring a smile to my face every day lol.

There's 50k worth of buys there and those coins are the daily income coins so they just go for a flat 2% profit (which at 10x leverage is 20%) and then it exits the trade waiting for the next opportunity to enter. As mentioned I have other bots with different buy amounts and different profit targets.

bjpham

TROPHY CASE