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/biz/ - Business & Finance

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13350649 No.13350649 [Reply] [Original]

How to go from poorfag to trader making at least minimum wage in 6 months?
How did you begin?

>> No.13350712

>>13350649
Job at McDonalds, put in extra hours to make up for the losses.

>> No.13350754

>>13350649
>trade your boipucci for cash
>set up trading account
>loss most of your money
>still make make more than you would wagecukin' it

>> No.13350859

markets are random as fuck. Anyone saying that they can predict price on a consistent basis is either lying (so they're a losing trader, deluded dummy on a 1 year lucky streak, or never take positions, they just say that they do publicly) or they have some other kind of edge, i.e. huge whale that can fuck with price, working with a pump group, or a faggot with insider knowledge.

Maybe there's some truth in recognizing undervalued equities and waiting for them to reach their true market value but none of that applies to crypto because it's all just speculation. None of this crypto-shit has been able to achieve wider adoption - it's all hype.

>> No.13350865
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13350865

>>13350754
What if im ugly

>> No.13350885

>>13350859
>t.brainlet who doesn't understand statistics
You can make money in the market but it won't be buying the bottom and selling the top or riding every massive pump. The real way to beat the market is much more boring and is usually just consistently scraping small profits over time under a good statistical model. Meme lines and indicators don't do shit.

>> No.13350902

>>13350859
As an example for you to see this is the truth look at bitcoin. Barts are not a coincidence. They are patterns created by statistical models whales use to scrape profits off of retarded neets. This is why there is usually the massive pump, sideways action(where they scrape their small profits), and then dump to buy even more at cheap prices. This is how whales make millions. Scraping the sideways action for small profits, not riding moon missions and other meme ta.

>> No.13350919
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13350919

>>13350902
Any books/tutorials on how to do this?

>> No.13350945

>>13350865
>he doesn't know

>> No.13350979
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13350979

>>13350945
Perhaps you could enlighten me desu

>> No.13351001

>>13350919
get a math PhD, $100k in starting capital to play with, and a couple of years free-time where you can sit around thinking up algos and testing them

>> No.13351051
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13351051

>>13351001
How bout
>6 nonths
>around 2-3 hours a day learning and trading

What does that get me?

>> No.13351065

>>13350649
>How to go from poorfag to trader making at least minimum wage in 6 months?
Decent social skills.

>How did you begin?
Talk to people, read books, watch contemporary shows and fake news, become opinionated and learn to choose sides(nobody likes fence sitters).