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/biz/ - Business & Finance

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12336479 No.12336479 [Reply] [Original]

But you’re poor anon, how can we fix this issue in your life? I will lay out a nice plan for you to get rich in this very thread, anon.
>get job
>make $1000
>take 1k put on bitmex
>never go above 3x leverage
$1000 on 3x leverage needs a 50 cent price fluctuation to get a 1% return
1% of $1000=$10
20 trades a day @ 1% gain=$200 a day
$200x7days a week=$1400
$1400 a week x 4 weeks=$5600 a month
Save.
Rinse.
Repeat.
Now enjoy a good life of a trader without having to work your life away
Your welcome anon

>> No.12336486

Shit thread as usual, OP.

>> No.12336488

>>12336479
> also 5m or daily chart, your choice

>> No.12336566

>>12336486
Y u mad faggot frusturatrd trader syndrome?

>> No.12336654

>>12336566
Stop bumping your shitty thread.

>> No.12336661

how the fuck is a 50 cent fluctuation at 3x a 1% return

>> No.12336676

>>12336479
Gambling is for degenerates.

>> No.12336682

>>12336661
was just thinking that

>> No.12336702

>>12336479
Lurker here, I'm studying this as a hobby and will probably start in a couple months. How much time would 20 trades per day take?
Does it require me to monitor constantly?
Would this be a good way for extra cash if I'm already working on a business outside finance?

>> No.12336704

>>12336661
Are you a noob or just autistic??? 3x leverage go type it in the bitmex calculator dumb ass

>> No.12336716
File: 1.49 MB, 500x364, 29CC0D3C-4EB5-4B6F-8FD5-D409DF6DBA81.gif [View same] [iqdb] [saucenao] [google]
12336716

>>12336702
Yes it requires constant if you trade a 5m charts. Yes good for extra cash. 20 trades can take anywhere from 5-10 hours depending on your agressiveness/strategy

>> No.12336729

>>12336479
>20 trades a day @ 1% gain=$200 a day
Everything about this post is retarded, but just fyi: sub 25k accounts are restricted by the pattern day trading limitations.. I know you're just a kid trying to be smart. Stop it

>> No.12336740
File: 210 KB, 378x364, B820619D-6A53-41F5-A600-65F09D04837D.gif [View same] [iqdb] [saucenao] [google]
12336740

>>12336729
CRYPTO YOU FUCKING DUMB FUCK HOLY CHRIST BIZ IS RETARDED

>> No.12336757

Seems pretty safe I gotta admit...

At $3800, liquidation is $2500 - that's way beyond your average Bitmex BART

Even an insane drop to say $3000 would only be a 20% loss - more than if you dabbled in shitcoins

>> No.12336776

>>12336479
What happened to the last thread? Anyway, did we figure out if this method beats fees or not?

>> No.12336793

>>12336740
The only retard here is you for thinking this could actually ever work. Good luck consistently making 1% a trade inclusive of losers you fucking brainlet

>> No.12336795
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12336795

>>12336757
Finally a smart person thank you anon

>> No.12336802

>>12336704
noob, please show me how 50c is 1% even with 3x leverage

>> No.12336811
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12336811

>>12336776
Mods deleted it for the gif yes it works with fees
>bitmex fees are for this 3x multiplied by 1000 multiplied by 0.00075 multiplied by 2=4.50

>> No.12336814

Hold up, Bitmex calculator says a $1 movement is only 0.0263157894736743% profit at 3x

Did OP lie?

>> No.12336821
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12336821

>>12336802
Just shut your mouth you’re too retarded to be here you can literally go to bitmex open the calculator and see for yourself not holding your hand snowflake

>> No.12336826
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12336826

Why would OP lie to us like this

>> No.12336844
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12336844

>>12336814
>>12336826
ETHEREUM YOU FUCKING TARD JFC

>> No.12336868

>>12336844
>you're a tard for not knowing what I meant when I didn't provide the necessary information

>> No.12336879
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12336879

>>12336826
$15 move on a BTC is 1% do u want me to wipe your ass for you too babe??

>> No.12336891

>>12336844
Meh, you sound like a total wanker.

Avoiding this... fuck off

>> No.12336893
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12336893

>>12336868
I forgot my apologies you autismo

>> No.12336910
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12336910

>>12336891
That’s what she said, stay poor idgaf lmao

>> No.12336918

It's funny how white zoomers are losing thousands on crypto when black dudes drive around in their Infinity Q60's they bought from CPN fraud lmao

>> No.12336928

>>12336479
My bitmex account is a goner. Thanks Uncle Sam for the freedom I have over my money

>> No.12336968
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12336968

>>12336918
>in what reality is this nigger living

>> No.12337077

Nice math, doesn't work

>> No.12337083

>>12337077
>black guy can’t understand basic math
Lmaoo

>> No.12337322

>>12336821
you just had to say it was with eth

do u use stop loss?

>> No.12337433

>>12337322
Oh ok sorry I put a stop just for emergency serval dollars lower than liq but I never let it get close to triggering I just manually exit if things aren’t looking nice

>> No.12337472

>>12337433
I'll try with 100 dollars since i've never used bitmex
any indicators or strategy that you like to use?

>> No.12337490

>>12337472
That is up to you to forge, I don’t give out mine

>> No.12337508

>>12337472
Actually I’ll tell you this, use two EMA a fast either 8,9 or 10 and use a slow 200

>> No.12337672

>>12337508
thx man i'm working on it

how long have you been succesful with this? did you make it already?

>> No.12337759

>>12337672
Not rich only got 20k started with 1k

>> No.12337817

>>12337433
What about fees retard