/biz/ - Business & Finance

Sell low, buy high.

Just buy fucking BTC. Do not sell it. Hold it is the only way you make money. Do not trade on margin. If you do only 2x.

Thats it.

ALWAYS TAKE PROFITS

trading less is better

>>28761758
a year and a half. Halted it for a while. Started recently and still suck dick. Missed out o the parabolic run. Hoping there's a 2.0.
Biggest regret was trading a bear market and also not managing risk. 50% of my portfolio is gone. Could have had 100k. Also regret selling a full stack at a 2x when I should have just sold 50% at a 2x and ride the rest to the end of the bullrun.

Advice.. only sell 50% at a 2x for alt coins (for bitcoin, just hodl even with 2x. The point is to get more bitcoin).

Manage your risks.

ONLY trade a bull market and preferably when it's going parabolic (which it hasn't been for weeks now). Only long in a bull market too. Don't look to short until the bull market is clearly ending

>>28761758
- since 2016
- sold my 0.5 bitcoin
- all shitcoin have no future, but that doesn't mean u cant earn from it.

Buy low, sell high.

>>28762174
and by manage risk. I mean trades should be .5%-1% risk. Would never even dream of risking 5% and up UNLESS it's pure gains from the market, BUT I haven't been able to win trades at all because again, I suck massive dick at trading.
Also, even though I suck dick at trading, look at hrly candles MINIMALLY. Anything less will have fake patterns and you WILL lose money

Since 2019, but I just hold btc until 42k, then started messing with shitcoins
A week ago I bought xns, then started to read about it and its shit team that already rugpulled, chickened out when it was falling like 2 cents I entered at 0.0069 and lost 10 bucks 2 days after mooned at 0.0175, it would have been my easiest 2.5x
Don't sell all your btc, ceepyour cool, buy the dip if we are going parabolic

>>28761758
>whats the most bitter regret you have so far?
Got 2 entire bitcoins confiscated by US federal government glowniggers for just having them on SilkRoad when they shut it down. This one stings the most. I'm not even under US jurisdiction.

Spent roughly 10 bitcoins on various drugs from 2011-2014.
I didn't know lads. I didn't know what would happen in the future. I checked out of crypto entirely for a couple of years after Mt. Gox. This one doesn't sting as bad. I had fun, and I'm not exactly poor today. Still, had I known, I would have played my cards differently.

>>28761758
>Never sell BTC
>Never sell LINK
I had a 2k stack of LINK that I sold half of for a downpayment on a house at $15 when I bought at $3.22. Even if I sell this place at a profit in 5 years or keep it as a rental when I inevitably have to move because of my job, I will always think about how I could have bought more and never should have sold. At least I'm not a filthy swinglinker.

Approx 5 years, tried some trading, bought some shitcoins, had some fun. Now I hold only stuff I know about, projects with a long term vision.

Biggest regret is from the first few years when I did not trust the technology and FOMO-ed often. You have to know what you invest in, this will help your portfolio grow. Although sometimes it is fun to throw a few % in some shitcoins that gain traction here, for example I made 100x on my RBC investment.

Most important thing is to learn what you invest in for your own peace of mind. DCA unless your local news talk about crypto. Plan ahead how much you want to invest (I invested 10% of net worth) and for how much/when you want to exit. For crypto a good strategy is to set a realistic price goal and from there sell a bit after each 10-15% price increase. Don't waste your time and money on daytrading.

>>28761758
Im too new to tell you how to make money, but I can definitely tell you how to lose money.
Its easy,
1. trading too much and ignoring gas fees because of fomo.
2. Panic selling during dips
3. Fomoing into pump and dump meme scams.
4. Seeing the tip of a parabolic curve and thinking it will continually go up forever. It wont, sell, and buy the dip. Parabolic curves always attract paper hands.
5. Fomo.

I definitely cant give you good advice, but if you trade like me, you will lose thousands.

>>28762624
I didn't even know about bitcoin until 2017 crash and I couldn't buy the dip because no one wanted to hire me and I ended up giving up. Man, my life is a joke. Also could have had 100k rn.. fuck me. Bitcoin released when I started high school basically. I really wish this shit was in my radar

>>28761758
Oh right. My other regret was basically selling chainlink early and ofc not buying t at .2 cents. I was unemployed though since retards didnt want to hire me at the time

Started in 2017, I had 70 eth and 30 ltc, got hurt at work and had to cash out.
I knew about link when it was .25, didn't have the money to buy in..I could be a millionaire now.

I sold my uni for $3 I should have hodled

>>28762282
>and by manage risk. I mean trades should be .5%-1% risk
what do you mean by this?
>>28762700
would 10% every 10% increase after you hit the target price be too conservative?

>>28762802
Ya I wanted to buy at 20 cents just to dab my tows in (like 500 dollars so 2500 linkies), but I didn't have a job at that time. Could have been 82kish in todays time. FUUUUUUUUUUCK. SHIIIIIIIT

>Bought 66 BILLION SHIB for 100$ the very minute it has started being shilled on here.
>Value goes to 300$ in some hours, excited.jpg
>Value drops to 80 quasi-instantly
>panic sell
>go to bed
>Didn't remove SHIB from Blockfolio
>wake up next morning, my SHIB's now worth 500$
>1000$ shortly before I go to bed
>wake up next morning
>5,500$
>wait until 2,000$
>re-buy for 100$, got like 3 billion now
>value drops to 25$ in the next days
>been a bagholder ever since

REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

>>28762755
Me too man, I didn't know even how to read english at that time, and went on 4chan only for the pussy

>>28762837
Meaning your portfolio should only suffer a loss of 1% max if your trade fails. Also, try not to get on god's bad side. He will fuck the market just to fuck you if he doesn't like you.

>>28762948
God isn't real. Your advice is good, and I will think on how to modify it for my needs in the near future, but you need to understand that nothing awaits you but darkness when you die.

>>28761758
>since 2018
>not buying more link
>buy and hold link

>>28762977
It was a joke. The joke is the market always tried to fuck you

>>28761758
Always buy

You'll always regret missing out more than saving

>>28761758
>how long have you been trading cryptos?
about 6 months
>whats the most bitter regret you have so far?
Buying GRIN... at the top
>what advice would you offer a noob starting to trade now?
literally anything you hodl will make you money except XRP

>>28762977
That said, there is a sadistic creator. You need to understand the 26 universal constants in the universe which are needed for life and how it makes no sense for them to come about given only one universe.

>>28763005
*tries

>>28762977
If he said Bog or Sminem would you have felt better?

>>28763053
I'm a biology major. Life isn't as precious or rare as you think it is. We'll be finding lots of little beasties all around the solar system in due time. Still thank you for the advice.

Another advice is if you swing a lot, be happy with 5-10% gains and sell, if not you will be fucked, but if you swing too much you will regret for missing the moonshots

>>28763113
>I'm a biology major. Life isn't as precious or rare as you think it is
Okay? What I mentioned was cosmology. Also, I'm willing to bet most of your major doesn't even touch upon mutations which is the main mechanism to evolution, but I'm not even talking about biology

>>28763331
>most of your BIO major doesn't even touch upon mutations
Of course you fucking retard, why would 50%+ of the major talk specifically only about mutations?

>>28761758

Didn’t dump my 300,000 rbc at $0.78 and then buy back in low

>>28763300
Yep.. missed chainlink moonshot by being a retarded swing trader. Fuck.. Tempting to trade, but honestly alts are just for holding long term.

>>28763407
That's a blessing. Don't try to chase pumps and dumps, you will shoot yourself in the foot 9 times out of ten.

>>28763387
Missing my point, retard. They are talking about how them being a bio major somehow makes them understand the whole concept of how organisms came to be, but you literally can't do that if you don't even understand mutations, you bumbling fuck. Try reading inbetween the lines next time, smooth brain.

>>28763465
Truly smart people (autists) don't read between the lines. Just write better next time smoothbrained mouthbreather

>>28763453
This wasn't really a pump and dump
it's a pump and fizzle out

>>28763535
>Truly smart people (autists) don't read between the lines.
Stop trying to save face
>Just write better next time smoothbrained mouthbreather
Nah. Better yet learn to analyze basic shit. I don't mention things randomly. Next time ask yourself "hmm.. why did they mention x?". Faggot

I sold something like 17 YFI at $2500

>>28761758
I've been day trading for like a week and I'm up roughly 10% what I've learned so far is
>dont trade at night with the pajeets and chinks
>set stop losses
>only go in on a trade if you are confident and every indicator is pointing in the right direction
>dont trade because you're bored
>if you're up for the day just get the fuck out and be content
>always take profit.
Still a newfag though

>>28762837
>would 10% every 10% increase after you hit the target price be too conservative?

Depends on what your goal is and how much you need the money. Make an excel spreadsheet, write down what you have and distribute the theoretical sales across a realistic price range. Considering the nature of crypto markets I wouldn't plan to hold too much between bullmarkets. It's better to leave some profits on the table by selling early than to keep holding the bags for a few years. Historically prices have dropped approx 90% from the ATH. These bags will be extremely heavy, speaking from experience.

>>28763300
If I buy into an altcoin with the intention to hold I am not going to trade with that investment. Trading is a different mindset done with a different stack with different expectations imo. We'll all make it regardless

>>28761758
>Since Setemeber 2020
>Not buying ETH at 300~
You are always early, dont decive yourself.

>>28761758
not just putting more money in when i did, i would have made it multiple times by now

>>28761758
around a week and a half..
biggest regret is not listening to a friend of mine who shilled me into crypto when btc was still 3k. Would complain about 6 digit hell like some you guys had I done so.

>>28762174
>>28762282
why should I listen to someone who sucks dick at trading ?

>>28764756
Then don't?

>>28765570
fair enough

>>28761758
>April 2020
>Selling my entire AAVE stack at $130
>Don't swing trade. Just hold solid coins (BTC, ETH, XMR etc.) and wait.

>>28762703
This is one of few comments I actually fully understand, thanks for the advice bro! I will raise a glass in your name if I make it

By the majority of the posts ITT, the best advice is just: don't be a daily trader.

Work only in long term timeframes