/biz/ - Business & Finance

Have a trading bag and a HODL bag

i succesfuly daytraded my 100k usd to 12k

>>25989599
How's the trading bag, doing vs just holding?

>>25989549
Crypto is too low liquidity to daytrade. All that means is that you will get less oppertunities on the lower timeframes compared to forex which has the highest liquidity and manipulation

>>25989549
Started with 2k in march 2020. traded my way to 2.6m

>>25989549
buy and hold is safest.

>>25990084
I'm not a terribly active trader after losing enough money over enough time. So I just sell 10% when its high and buy back in the dips, and send the profit coin to the HODL bag. I also dollar cost average some qage cuck money to buy more for the HODL bag every two weeks.

It works for me and is the best if both worlds IMO. Have a trading bag to gamble and learn trading, and a HODL bag to save the gains from myself

>>25990475
Larp, show proof

>>25989549
I managed to double my money trading BTC but in the end it was barely +5% more BTC because I was always cashed out during the moon missions and didn't wanna buy back in at the top, so I had a lot of missed opportunities. There's a reason why people recommend you just buy and HODL. Sometimes it just isn't worth the stress.

How real are the Testnets compared to the real thing? I've tried running a few 20x test trades on Testnet Binance riding the small waves up and down and so far it's been pretty profitable.

I swung shitcoins during the Great Bear just before binance closed to us burgers. Now all I do is stack and hold.

>>25990913
>ee baought for real?

>>25990475

>>25990475
Are you serious anon?

>>25990939
Soldier

>>25990475
Tell us a story papa

>>25989549
I do both and live out of my accounts.

>>25991274
That bad, huh

>>25989549
all these "day traders" 99% of the time they are flipping a coin and they all get burned, its pointless. research some shit have a plan and build a portfolio.

>>25992444
sound advice, but is the 1% lucking out, intelligent patient traders, or just algorithms that we can't compete with?

>>25990475
how'd you do it boss?

>>25990475
Sure, buddy.

>>25992698
The 1% hasn't lost yet

I've only got $400 worth of btc
Is it really worth nickle and dime trading my way up until I had a bag worth hodling?

Stats have shown that 90% of holders do better then traders over a longer period of time

>>25992444
trips of truth

>>25993099
yes

some days i will do it. buts just so stressful i doubt its worth it in the long run.

>>25992886
dilate and seethe

When i see pink wojaks on biz i sell and then dca back in

>>25989549
I have been trading INJ for a few months and happy with this. the positive developments about project priced in very well. it didn't make me rich but i get a bunch of money

>>25993157
Studies, or science? I''ll only listen to you if it's the science.

>>25989800
GMI

>>25990475
Nice larp. Pics or it didn’t happen.

>>25993405
>doing what /biz/ says
Ngmi

>>25993412
I bought INJ in the new year and it made almost 100% and I will not sell this shit. they announced tokenized TSLA stocks a few days ago. I am waiting for bigger things

You can do trade on a longer timeframe like position trading, but day trading is just madness honestly

>>25990542
This is kinda what im doing right now as well, low market cap tokens on hodl bag and high ones on nance

>>25989549
I built an algorithm which does daytrading for me. Took some time to figure this shit out but worth it. Formal mathematical education was worth it for the first time.

>>25993901
k
y
s

>>25989549
Swing trade it at medium time frames. You will get rekt day trading.

If you can succesfully day trade it please post here with your story and tips

>>25989549
I work with a guy that paid to join some leveraged forex “trading team” and is always talking about charts and trades and all the money he can make.
I buy and hold crypto.

I’ve made $9,000+ (off a $3,000 initial). he’s lost $7,000.

The only short term trades I do are for extremely obvious things like graph.
Bought at 13c sold at 60c a couple days later and you had to be a complete moron to either miss it or end up a bagholder

Daytrading is a meme. Trade long trends instead, its way less stressful and overall more profitable.
Just make a 2nd gambling acc if you want to funtrade.

>>25989549
I would have an extra $10k in my folio right now if i never traded and just bought and held for the past 3 years

>>25993099
no, just sit on it for a year. capital gains taxes really make trading not worth it.

if you don't have a trading bot, just hodl blue chips long term in yield farms

>>25994716
>I’ve made $9,000+ (off a $3,000 initial). he’s lost $7,000.

>>25995244

MAMA MIA!

There's more risk when trading you're making 1000s of decisions instead of just once a month. If you want money then hold. If you want to learn how to trade then trade...

>>25989549
Yeah, end of 2019 I started reading up on Investopedia. February 2018 I put $1500 on the market. It's been up and down, but I've made ~$3million off of my initial investment.

day trading would be easy if i coinbase pro were available in canada. i have autism tier pattern recognition

>>25997582
how the fuck are you up 2000x faggot, the most ridiculous bs i've ever heard.

serious question
im curious and want to buy some dogecoin
where buy?

>>25995244
HUBBA HUBBA ARRRRRROOOOOOGA

>>25989549
been sitting around on my pimply ass for months day trading shit. did the best on pnk so far. aiming at ETH now. i'd show you my ass but then you would have to upload it online and we can't have that

>>25989549
I tried trading with my ethereum stack and dca into my link stack. I now have no eth and watched it hit $1000, learning my lesson about trying to trade based on feelings

>>25989549
just hodl. very rarely i'll buy some overhyped looking for a quick profit, but i never bet that much and half the time i lose doing that so it's really a pointless exercise.

I day trade about $100 worth of crypto just for fun. It's more gambling than anything. Some days I win $20, some days I lose 10. Keeps me entertained and if I win big, I put the gains in my hodl bag.

>>25989549
I thought I was hot shit when I traded my way from $230 to $30k or so between June and December (caught STA, AMPL, YELD, xETH, MRDN/LOCK and AXIA-V3 at their bottom and sold all near their tops) but then I entered a downward spiral and fucked up pretty bad by going all in GRT at.78 or so and selling at .37, tried to revenge trade on several low cap shitcoins but they either rugpulled (RFY) or tanked hard hours after I bought so I panic sold immediately thinking i could ride another wave and my mind was focused on making short term gains to get back what I lost rather than buying and holding to make a profit in the long term, despite the fluctuations. I'm actually seething because I could just have held ETH and almost doubled my money in the process. (which was what I was actually planning to do before FOMOing into GRT due to greed)
Before I realized I ended up with $115 in my metamask and less than 100€ in the bank because I figured I'd become rich soon enough and stopped caring about my fiat. As you may expect from a retard, I also dropped out of college and refused any job offer during that time because I thought I finally found my calling, that I was superior to waging normalfags when it was just a risky lucky streak. The euphoria and greed were real, I thought I was special.

I wanted to kill myself a few days ago, but I decided not to. I have to keep moving forward. Until my finances are restored. I did it once, I can do it twice. Slowly but surely

>>26001365
in a similar position anon wgmi

Good to see so much honesty and introspection in this thread.

I got railed in 2017/2018 trading shitcoins. Like some of you, had a couple of 10x baggers and then basically lost everything.

I saved my portfolio by going all in on BTC, ETH and LINK in early 2018 and then just sitting on it. I recently cashed out my principal plus 100% and still have a comfy 5 figures in the above tokens.

We're all gonna make it.

>>26001365
GMI

starting to believe trading is just too risky especially with leverage, buying at NUPL lows and selling at euphoria levels should be enough plus combining other on chain data desu, and also study how altseasons work so u know when to get in and out of altcoins

>>26001578
Never do more than you can afford to lose. It's basically gambling.

Some will make wins on it (some big some small), most will lose.

>>26001365
damn

>>25990475
I love that people here are like OMG HOW ANON??!?

Never change you beautiful retards.

i do trade the 5m chart, buy low sell high ez

>>25989549
I started with $1 at the end of december. I now have almost $150,000

>>26000202
How are you making that much money with $100???
I trade with $1000 and I’m lucky to make a $10 profit

>>25989549
I swing pretty good with crypto, algos and nu and cgld are some of my favorite swingers

>>26002303
>I trade with $1000 and I’m lucky to make a $10 profit
There is no way unless you have zero trading skills. Look up Rayner Teo on youtube on how to trade properly

>>25990417
Dont listen to this anon the institutions will eat your forex account for breakfast.

>>26001365
Bro i blew 5k + on esports like more than 5 times, we must make it.

>>26002232
like clockwork lel
dont become greedy, take and stack your profits

>>26002536
nice

>>26002386
Can you recommend any videos from rayner teo? i've just looked him and he has a catalogue of hundreds.

>>26002559
learn the basics first, he has good videos on nearly all basic things
if you already fail on choosing material to learn then how do you wanna make it. becoming a successful trader is hard work so dont be lazy

>>26002559
https://www.youtube.com/watch?v=NUAOZ7PcC34

>>26002678
i know the basics, i just dont want to look through meme clickbait titles for something insightful.

>>25990417
>Crypto is too low liquidity

go on binance and sort by volume dumbfuck

little divergence trade

>>25990475
I want to believe such things are possible

>>25990417
>too low liquidity
You dont understand shit anon, what do you think those penny stocks have for liquidity? That is where a lot of day traders do their trades.

>want to daytrade crypto
>enjoy your 42% tax on any gains
Fucking Germany. I pay income tax out of my ass for lazy brown people to do nothing

>>26003126
are you that rich or what? just use an account without KYC bullshit and buy btc on an btc atm or from a person to trade invisibly

>>26003170
You pay fucking 42% after 57.000 no need to be rich

>>26003126
Isnt germany like 83% white u mongrel?

>>26002825
finally, after 4 entries

>>26003244
It should be 100% white

More of a swing trader and mostly for shits and gigs

>>26003275
closed at 2.8%

>>26003244
>that's supposed be good
Over half of the youth in berlin is foreign. This country committed suicide. 14 million taxpayers subsidizing the rest of 83 million people.

aaand no more obvious trade around so imma get breakfast
>2.8%, 1.2% and 4.69% before leaving bed

>>26001365
It happens anon, learn from it. When I started trading (not crypto) I also thought I was the hottest shit, got my ass kicked and started anew just a little bit humbler. YGMI

I've been trying to daytrade for 2 years and have only lost money, on the other hand I have made money just holding. For some reason people like to act like trading is easy but its not - its hard and its easy to lose a ton before you know it. Dont trust anyone telling you its easy

>>26003387
>on the other hand I have made money just holding.

Learn to short

>>25989549
I’ve tried a bit but I got hands of porcelain and cancelled my limit sells. Like tonight, I set to sell my fractions of BTC but cancelled because FOMO on the upswing.

That being said, buying stuff low and holding has made me 1.2k which isn’t much but the low amount of wage slave service industry money I put in it’s a decent profit.

>>26003354
Did the same fucking around with options. Get humbled quick and take the lesson. People fail when they don't understand the purpose eating a fat loss.

Should I trade everything for ADA tonight for the easiest gains of my life or will I get hosed

>>26003525
You're mentally weak. Have some discipline and sell at 3% once you learn how to trade Get 1000$ and trade 10x leverage for 1 percent plays

>>26003606
Where do you trade crypto with 10x leverage?

>>26001365
You will climb back anon, I believe

>>26003717
Binance

>>26003717
What’s leverage

>>26003914
borrowing

>>25998494
Leverage nigger

>>26003301
>14 million taxpayers subsidizing the rest of 83 million people.

What? Do you even econs bro

>>25995088
Underrated

I do.
Pic related. Every couple of hours I throw in $100 and sell at a 8-10% return.

>>26005466
My bad, wrong screen cap.

>tried day trading on 2018 during the bear market and only managed to lose money, so I stopped trading after a few months

>started day trading again a week ago, this time following a free algorithm bot on youtube which gives long and short signal. So far I've managed to lose almost 7% of my capital

Once I get to a 10% loss I will stop trading.
After 11% it becomes exponentially hard to recover your losses

>>25989549
I hold half indefinitely and the other half I swing on approximately monthly cycles.

I had multiple bitcoins bought in 2015, lost em all through trading in December 2017 thanks to scummy exchanges nonetheless. Would have been x10+ now if just hodled.

>>26005493
So BCH is the coin to trade? Cause I’m trying to trade btc and only making like 5% profit

>>26005711
How did that happen?

>>25989549
Sold my LINKs at 16.5$ waiting for the dip that doesn't come

>>26005512
idiot that's what you get

>>26006083
anon what, are you serious with this question? every crypto coin is volatile as fuck, it doesnt matter if neo or btc lol
neo short incoming btw

>>25989549
If you have money you can make money
>>25990417
Crypto is a lot more volatile tho which makes it easier imo
>>25989599
This is what I've started doing. How much is in you trading:hodl bag?
>1:3

I've been trading on binance futures average 8-10x leverage. Only been doing it for a couple of weeks with a small amount as I'm still learning but I'm up, albeit not by that much. I'm being quite strict with my % used per trade and stop losses. I'll give it more time before I increase my trade amounts.

>>26006211
>neo short incoming btw
next 5m candle shall it be

>>25989800
Sounds about right

>>25989800
how?

Day trading over a couple years with lunch money: profit 1000€.
Same amount if held into initial positions would be around 7000€.
You do you, maybe you're not a midwit, but the market seems hand-crafted against retail in regards to opportunity costs.

>>26007132
7000* in profit, we are also obviously close to ATH in BTC, so there's also that.

>>25990475
>>26002262
I started with 0.01$ about an hour ago.
I'm now a multi billionaire. Doing coke with Jeff Bezos and Elon Musk and some hookers while making jokes about poorfags lmao.

>>25995088
/thread