/biz/ - Business & Finance

damn

WHAT WAS THAT

what happened? please tell me. did it go up 100%?

>>18631778
based based based

>>18631804
This very well could be the beginning of the golden bull run!

>>18631778

Huh.

Just made 10 dollars yoloing this as a forex buy.
Better sell my shit now. I didn't expect this much profit....

>>18631853
STAY IN YOU CLOWN

200+ by tommorow

>>18631864
I do it forex style. Get in. Hit my profit limit, get out, reenter, hit profit limit, get out.

>>18631823
Bull trap* you cant beat the exchanges at their game.

>>18631853
stay and make profit beyond your initial investment, idiot!
If you make double or tripple youre winning and should sell. At least you made a profit

t. sold yesterday after a year and made a 50% profit. I'd hate to see it go up (LIKE RN FUCK) but i feel ok with my wins

>>18631967
Hmm yes, surely the exchanges win on keeping prices low, thus reducing their trade fee profits, not to mention scaring away new buyers

>>18631977
Every time I enter then sell at a profit then exit and reenter and so on I make a realized profit. This grows my money.

>>18631796
bulltrap before dump to sub 50

EFFERIUM

And in at 186.44....

>>18631778
>OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

Oh wow this chart is looking juicy!! Shits about to pop off

>>18631977
You shouldn't feel like an idiot. I made about 150% trading 4x leverage longs until I tarded yesterday by putting in a stop loss (which it hit before going straight back up, and went into 6x shorts expecting further Bart down, wiping out pretty much all my earnings and then some in one fell swoop when it pumped to 180.
Now I'm back at 4x long and will just fucking sit on it until I regained what I lost out of the initial investment.

>>18632001
>scaring away new buyers
I see it the other way around, dumps are attractive for another chance in newfags, lure them in, price go up dump and collect their money ez

If I see 187.1 I sell my position and will have gained a further profit.
Forex trading is fun!

massive resistance right now

>>18632091
I doubt it. In 2017 everyone was talking about crypto. But now most people I talk to scoffs at it as a scam "they always knew would crash"

weeeeeeeeee I badly timed

>>18632171
this will be at 200 within a week

>>18632213
It might be but I'm not playing a buy and hold game. I'm playing a forex game. I make money by making short (Literally the span of 30 minutes to 1 hour) plays and getting out. My intent is to grow my money no matter where the price is. Not "make it".

I respect you guys holding and watching your coins grow. That's just not my game.

>>18631778
Based . Strap in! It happens tonight

Where my 32+ gang at

>>18632213
not if it can't break this resistance
its now or never honestly

>>18632259
i don't really understand what you mean

>>18632302
Ok so let's say I get in at 185.11 (Which I just did) then exit at 186. I've just made a profit. Then it goes down. I keep that profit because I'm out and not subject to the fluctuations in the price. Then I reenter and exit again when I hit a set limit.
No matter where it goes I make money because I'm playing a short game. I can go in with 2 eth, make a few bucks, then get out as it drops. Or, let's say I hop in at 184, it moons to 200, I exit, and it drops. On that move alone I would have made 32 dollars. In less than an hour. My strategy here is that I count on ETH not consistently going up and I make short plays I know will gain money because I'm working at intervals of less than a dollar. It could be a small amount or it could be a large amount, what matters is that I'm using the markets themselves rather than passively hoping it goes up.

I bought a shit ton when my buy order filled at 168.90 earlier this week.

>>18632259
Let me guess..

High Leverage and closing trades at 1%

Good luck with your casino gameplay
And even more luck not getting liquidated on purpose by exchanges.

>>18632353
You also set yourself up for a tax nightmare

>>18632391
Oh no. Only what I have. Set value. No margins. I'm playing in fractions of a percent. In the last 20 minutes I've made 20 dollars. That's 2/3rd my hourly wage.

>>18632353
IRS gonna buttfuck you bud

>>18632416
No more than they have when I traded regular forex. You act like this is some new thing that people don't already do regularly and that the IRS dealings are unforeseen.

>>18632080
This is your brain on margin trading.

>>18632416
Here's a starter on how the tax breakdown works.
http://www.worldwide-tax.com/forex/how_to_file_taxes_as_a_forex_trader.asp
at a 60/40 capital gains treatment the amount I'm taxed sucks a little but no more than the taxes suffered on regular forex markets.
You could say I've..
Priced this in.

>>18632459
You think eth will go down to 80, which is my liq price?
My mistake was ever using a stop loss. If I didn't, I would be up like 300% today since it was nowhere near the liq.
Can an instant power dump to 80 happen? Sure, but that's just how things are in this casino.

>>18632353
good luck

ITS DUMPING. good thing I just sold the top

>>18632538
Yeah don't use a stop loss. Stop loss is for readers who are so unsure in Thier decision that they probably shouldn't be trading