/biz/ - Business & Finance

>>21480934
just buy RSR, retard

Not for the 95% of people, which probably includes you.

>>21480934
Day trading is a cunt, and even more of a cunt when each trade is a cgt event.

>>21480934

I just finished reading the crypto trader, Glen Goodman says never fucking do it.

I trade for a living but not scalping. Just pick winners and you don't have to worry.

>>21481056
>>21481097
>>21481215
This. Many of us anons lose money on daytrading. Bots did it better on the daily.

>>21481252
You can do this but you have to discipline yourself to only take small profit each trade on 5% range

What might be suitable for you is swinging (weekly/monthly). If you want to go this route, check out aftervalue.herokuapp.com . It was made by an anon to scan binance which project might have met the bottom or the top so you can trade accordingly. All the best.

>>21480934
No

>>21481252
Sorry I read this wrongly. Thought you were into scalping, which requires the discipline to take smol profits.

>>21480934
I know someone who resets his trading stack to something like $100-200 every other day, withdrawing everything in excess.

Then does trades like $1-5 with x50 leverage over the day. High leverage, but not easily liquidated. Usually he can double his money within a day or two, then he resets his stack and starts again.

I tried it though and it's too hard for me.

>>21480934
I don't see why not? Just pick monday, wednesday and friday to trade all day. then other days safe plays.

>>21481328
Thnx

>>21480934
No

Literally 95% of the day traders are retarded

Day traders kill themselves cuz its stressful af and they lose money on average

Long term investors have little stress and make the most money on average

There ya go

Have fun trading lmao

The idea isn't to make a living day trading, its to make money, enough of it to invest and give yourself a comfortable allowance from all those investments.

You don't make 100k to spend it all at ounce, you let that 100k accumulate small percentages and you live off of those small percentages you gain and reinvesting whatever you didn't use. A comfortable living is at least if you're making 5k off of investments per month which is stupid easy.

>>21481056
I can't do nothing but agree with this, you may think:
>i can do it
>i am different
>i am special
But then you realize how heavy your emotions can be.

you are all gay
i made more day trading in the last 3 months than i ever did holding link

You will make higher returns buying chainlink and holding and this is a reasonable job

Last few weeks I've been finding it quite entertaining how easily money can be made OR lost. It's also definitely interesting to see scam/artificial wicks coming out of nowhere just to fuck up your position.

>>21481056
THIS
Never forget, you are the dumb money

>>21483849
based

>>21480934
we'll see it in a couple of hours

everyone saying no don't do it is a day trader that doesn't want your competition or someone who understands how profitable day trading is

spoiler alert: there is a reason day trading is illegal, and it's probably not what you think

>>21484127
>day trading is illegal

>>21481803
What exchange allows you to do this? Binance needs minimum 10.1 usd for either buy or sell order

>>21484174
try to start day trading on a US stock exchange
let me know how that goes for you

>>21484232
you just have to buy a seat there, or whatever it's called, it's not illegal retard

>>21484099
What is this anon?

>>21483849
This.

I talked to a Redditor who said he buys options that are going red 2 minutes before market closes and has made over +600%+ in the last 3 months. Apparently the markets are super preditable right now.

You wouldn't even have to do that long if you had a sizable capital thanks to exponential gains.

For example;

Start with 10,000$.

- After 3 months: 60,000$
- After 6 months: 360,000$
- After 9 months: 2,160,000$
- After 12 months 12,960,000$

Etc

Just one year and 6 months of trading even if you start with 100$ and you're good to go.

>>21484260
eth/usd chart

>>21483849
This is called Survivorship bias

>>21484174
Maybe in your village pajeet faggot
But how did you connect to net is a Q though

>>21484302
>"m-m-muh freedom!"
>can't buy/sell stuff multiple times during one day
yikes

>>21484299
Tbf you have to survive to have had the experience.
People do it. The key is to play the number and remove emotion and run on pure logic. You dont have to be highly intelligent either, even doing simple TA can work if you tackle emotions completely and follow strict rules

>Go long - it dumps and bounces below entry/profitability
>Go short - it pumps
>Set stop loss - scam wick hits it immediately
>Sell and watch only - it pumps massively
>Buy in - price action stalls and/or dumps shortly after
>Set buy/sell orders - wicks miss it by inches

I swear most of action in crypto is made by bots, AI or pro traders aiming to wipe out retail.

>>21480934
No, most people lose. I'm actually pretty decent (most days finish positive) & I still realised it's not worth the effort for me. And given how unpredictable cryptos are & how much you make from big explosive moves you almost always wind up being better off just buying & holding.

>>21484042
This.

>>21484232
Stocks? Lol, OK boomer

>>21484232
no you need at least 25k to day trade on stock market in usa
if you are poor you aren't allow to make it in the system, but you can still day trade crypto

>>21484299
i see patterns, for example some shitcoins almost always dump or pump during specific parts of the day
i got partially fucked during the march dump but i recovered and made even way more in the next couple of weeks after that

>>21484414
just don't use leverage or at best use a x3
you can make 5%-10% gains in a couple of hours even without leverage

Not anymore unless you use bots. The house always wins

>>21484414
i simple rule of thumb that usually works, is to choose a super obvious stop loss before you open a position, and if it gets hit within a couple of hours then invert the position right away and let it ride for a couple of days

>>21484542
See >>21484299 (yes I know its a reply to you).
Please look it up as you don't appear to understand it

>>21484871
if you consistently survive then it's not a bias, you just got gud

>>21481056
The fact that he even has to ask this dumb ass question shows in which category he belongs

>>21484414
This is me on daytrading

>>21480934
If you start with 1 million. I did papertrading on webull and it's like leverage trading without leverage

>>21480934
Um i think i am going insane here. I look at OPs pic and read it. When i got to the very last line and read "for me", i can see Pepe out of the corner of my eye looking from left to right. I can literally see his eyes moving. The picture is getting bigger and looking around. I swear i am not kidding. This scares the shit out of me, i tought this was a gif or something but it is not

It’s so easy. Dan the chartman can do it and has pix of him eating granola in the mountains to prove it.

>>21485614
take your meds

>>21485614
You sound like you need some sleep, anon

>>21483265
>stupid easy

Is this the trick? Convince your mind that it's easy to achieve this, so you don't self sabotage? Ill do what you described, and I'm gonna be so fucking happy. To never have to wagie again...

Anyway, have you done it yourself?

Day trading is easy. You just press buy and sell and make money. Don't listen to this retard >>21483074, he has no idea. Day trading is an easy and happy lifestyle. If you're not day trading, you're literally leaving money on the table.

>>21485682
Ps: just join his trading room and he’ll show you all his trades for free. As an added bonus you can suck his dick while he eats granola in the mountains.

>>21485801
>>21486013
>>21486031
Fuck me pepe is walking around and changing his facial expression. But when i look back directly at him, he goes back to normal

>>21480934
No. You'll get fucked by the algorithms and people with a lot more experience than you. Find a few good crypto projects and buy some.

>>21486228
Don't take your eyes off of him! He's waiting for his chance...

>>21486228
Maybe KEK is giving you a sign.

I just don't treat it as real money, it's like trading pokemon cards or skins. be early, sell some every pump, keep some in shitcoin wallet in case it really pumps.
Made nearly 60k starting from 500$ back in may, no strategy at all, beep boop number go up I sell, next token. rinse and repeat.
I trade paying 3$ for gas and I paid 33$ for gas, it's not money to me.
When I cash out and see it in my bank I might believe it.

One pro tip that really helped me was to hide the profit loss window so you don't even think about the numbers, just focus on the chart