/biz/ - Business & Finance

>>28357400

Yeah I know I could just invest and keep it in but if I can get a high enough success rate with day trading, I can later use that skill to make much more money. Plus it probably will be more money day trading. Once I get 25k in my account I can then branch out into actual stocks, which is a less volatile market with many more options to trade. If I’m already getting money 3/4 of the time with crypto, I can do even better on actual the market.

With my job I can watch the ticker literally all day, which is why I’m going this route.

Chef at Wendy’s
9.85/hr

I make $40k a year after tax. I have very few bills and can easily save $30,000 of it at least. My plan is to put $2000 into 2 crypto coins ( Bitcoin, Etherium ) and pull out $20 a day total, which shouldn’t be too hard. If the coin goes down I’ll just hold. I’ll probably be able to pull in more than $40 a day but that’s just an estimate. 1% of 2000 is 20 and there are multiple 1% jumps everyday. After tax that’s about 10,000 a year. I’m then gonna put that 10,000 back in and increase both my investments to $7,000 each. Again, pull out 1% a couple times a day, which is not at all unreasonable, and turn that $10,000 a year into about $20,000 a year.

Is this part of the plan unreasonable? I don’t see how, as I’ve been doing this with a practice $200 and it’s very easy to do.

After that, I’ll have $25,000 in my account and will have more options to day trade. In the meantime, I’m going to be browsing crypto sites, /wsb/, messiah crypto, biz etc near constantly ( at work I can browse pretty much all day ) and find the coins that seem like they are going to moon. If a stock truly, truly seems like it’s going to moon, I might drop $10,000 on it or so.

I’m going to be watching the market nearly 24/7 and will also follow the news to make slightly larger gains than normal each day.

I basically have the opportunity to put $30,000 a year into this, and I have diamond hands, and I have the opportunity as well to research and watch this stuff like a hawk 24/7. So that’s my plan. If it isn’t obvious yet, I’m still a total noob. I still need to practice with the $200 more. Once I get to 80% success with that, I’ll drop the $2000s. I have at least 50% success now so I don’t think it’ll be hard to do.

This is all subject to change.