/biz/ - Business & Finance

Got stop loss hunted to a loss. They seem to know exactly where you set your stop losses, even when you adjust them wider. The stock I bought bounced at exactly where I had set my stop losses. Creepy. After 3 weeks of daytrading, I'm basically back to square one. I'm going back to swing trading. I have far more success with it and didn't have to wake up early in the morning staring at the screen for hours.

get in $ROCKS social rocket
or stay poor!

So i tried leveraged futures for the first time using a tiny portion of my money because i don't trust myself, and i must say, high leverage is designed to make you lose all your money.
Below 5x is pretty much affordable and a nice way to boost your profits, between 5x and 10x is high risk speculation and not easy to play with.
Above 10x there's a gambling hell, there's no way to place a wide stop loss without losing a lot (if not all) of your money, tight stop losses gets triggered almost every time.

Fees are multiplied at the point your broker starts eating huge slices of what you earn, and make your losses even bigger.
They play with your emotions all the time:
>you can be rich in a matter of days!
>you lost something? just use more leverage to get those money back
And then you lose even more money because you constantly jump from greed to fear, they pump your ego for a while and make it pop with you panicking, because you can't afford the loss, expecially multiple losses.

I know a lot of you guys already know this stuff, but i leave this as a reminder for those new to leverage: do not use more than 5x (3x is better), and if you lose something don't raise the leverage to get your money back, it's like using gasoline to extinguish a fire.

So, i had a dream:
>bitcoin crashing to 0$
>people freaking out everywhere
>exchanges starting to freeze and shutting down
>/biz/ in full pink wojak posting, but with a low PPH as if 90% of the userbase (pajeet shillers as well) just vanished for unknown reason
>me not giving a fuck because i didn't put everything i own in btc
>there is a storm outside my house with tornados
>"WAIT, WHY THE FUCK THERE'S A STORM OUTSIDE MY HOUSE WITH TORNADOS?!"
And then i woke up.