/biz/ - Business & Finance

trading crypto options is easier because there are less institutional investors and more way more retards throwing their money around. you need to get a feel for the emotions of the market but you don't have to worry as much about whales painting bull flags and dumping on you. also when the spot price (the actual price of BTC or whatever) dumps you have a much longer delay while the market is deciding what to do.

i was up x10 in a week earlier in the month but i held too long so now im down to only a 3x, back in cash waiting for $25-27k bitcoin before i ease my way back in.

>>26338156
you aint gonna learn anything that useful here. go read a book

>>26338486
recommend some relevant books

>>26338156
>when greedy go in
>when scared, sell

By following these rules, you will make, anon

>>26338524
Also buy high and sell low.

>>26338522
the intellijint investor

>>26338486
I learned a lot lurking and there are some really helpful anons here.

>>26338156
Unironically just dca into SPY. You can't lose in the long run. Stocks only go up.

>>26338156
go lurk SMG they have a ton of resources for newfags. Learn the basics of Tech Anal and dont over saturate your mind with tons of indicators. stick to simple strats. then open an account in tradingview and trade paper for practice. Godspeed

>>26338156
I learned a lot from guys like this. Really smart trader, and simple to learn. Good luck OP!
www youtube com/watch?v=dQw4w9WgXcQ

>>26338156

I love jeremy. Learning about growth and value stocks helps you really understand where a value of a company and their stock comes from
Youtube.com/financialeducation

Also, actually spend the 12 bucks to get a book: common sense investing is the one i bought and i read (lol) the intelligent investor.

Getting into growth and value buys have less risk than just throwing money here n there praying for a profit

>>26338858
>dQw4w9WgXcQ

No.
t. Been here too long

>>26338522
the culture of critique by kevin macdonald
everything you need to know about the markets

buy socks

>>26338156
I'm feeling extremely generous so I'll teach you one of the best and easiest methods of trading crypto.

Only trade on panic sells on dips/dumps that break through previous support levels, preferrably twice in a row then sell on the bounce up to the previous support level.

Use a system to set alarms on coins/tokens with a lot of volume and volatility. Never breakout trade or chase pumps unless you're prepared to get burned or know what you're doing.

If you do this you can essentially minimize your risk by upwards of 90% on almost every trade. Seriously.

Another tip is to hold bitcoin and trade with that to try and maximize your number of bitcoins, NEVER trade your bitcoins for USDT or similar, you'll just end up getting burned when bitcoin leaves you in the dirt and you buy in.

There you go OP, have fun.

Check out Quickfingers luc's videos about support levels etc, it's his method and it rocks ass. Especially in a market such as the one we're in now.
https://www.youtube.com/channel/UCbcxHiowf0TSNKn3xVpGTiQ/videos

>>26338156
decide on a trading style and timeframe
personally im quantitative and rebal weekly
but you can design your portfolio however you like based on whatever info or metrics you're able to collect

>>26339203
delete this

>>26338156
>>26339203
Oh, you wanted to trade stocks, meh. That's harder than crypto as far as I know. Good luck, I suck at stocks.

>>26339021
Lmao I love how based this board has gotten the past two weeks

>>26339203
Basically the trick is to buy when your risk is at its lowest, which is always AFTER it has experienced a panic sell. And because price action in crypto is extremely dependent on people's emotions (I,e, fomo and panic selling), you literally just have to buy when everyone is panicing, then waiting for the following fomo panic rebound that almost always happens, rinse and repeat.

>>26339203
Not OP, but am just testing the waters trading as opposed to investing. Appreciate the info, I am going to watch his videos and try to soak it in.

not op but is margin trading worth it? can you actually make a profit if you have to give the borrowed money back + hourly interest?

>>26339782
It's really much easier than you'd think. Just that basically everyone is retarded and believe that you make money from graphs going up. That's the fastest way to get absolutely burned.

Watch this about support/resistance levels.
https://www.youtube.com/watch?v=J3CMHqfE2-c
And I believe this one should give you a good idea of the method:
https://www.youtube.com/watch?v=vgcFe_XO_LQ&t=225s
The titles are quite retarded and clickbaity, but the content is top tier.

>>26338156
i just buy what i think is the local bottom and pracy
snatched some ETH at 1080, hope it bounces above 1.2k for me to consider taking profits

>>26339782
Also, be prepared to take losses of 1-5% at times, even 10% sometimes, but because you'll hopefully be making far more profitable trades you'll make up for your eventual losses in no time.

>>26340248
>>26340550
Cheers brother. I really do appreciate it.

>>26339203
I’m halfway through the second video and I’m fucking PUMPED.
I just got into trading for fun (risking very little money, I’m 90% in cash lol) and this is the system I designed! Plus he points out some emotional mistakes I’m making with it!

I’m gonna make it bros. I’m on the wavelength.

>>26338858
>XcQ
Missed me with that shit

>>26341227
On my phone now. Np, ygmi.

>>26339203
>>26340248
Stonkfag here who never really understood crypto trading. Thanks for that advice you shared fren, I'm gonna check out those vids you posted tonight :)

>>26341439
Essentially as long as you follow that system and manage to eliminate your own emotions in the face of even larger losses you can definitely make a ton of money. Trade as if you're a casino, but withb half of the roulette board filled with zeroes and you can't go wrong down the line.

>>26338156
1. Buy high sell low
2. Lose at least 1/10 of your spendable income since you don't understand shit and unavoidably get cocky
3. Learn from your mistakes and develop intuition
4. Really all you need is intuition
5. Make moderate to high gains depending on how good your intuition is.

>>26342818
Define intuition