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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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4174160 No.4174160 [Reply] [Original]

People of Biz.

You realise that for somebody to make a profit trading crypto, somebody else has to make a loss.

Right now, the majority of you are making losses.

Stop day trading. Face it, you have no idea what you are doing.

Buy coins you believe in, get on with your life, and hold. Invest what you can afford to lose.

If you make a loss, do not chase trades trying to make it back. The good trades should come to you, not vice versa.

With the upcoming fork, its a good opportunity to make back some of your losses. Put some money into alts you believe in after the fork. Hopefully you can make some losses back and then start to trade intelligently.

How to avoid buying at the top: Look at the fucking chart. If its going parabolic, its probably not a good time to buy. I can't believe how many people buy into shit thats going parabolic; no wonder you lose money.
The only exception here is Bitcoin. That is always a good buy. Bitcoin is a fucking honey badger, remember that.

You know, that Teeka guy from PBC is a cunt. But, he does say one thing that is very true: Put around $500 into coins you believe in and forget about them. If you lose out, big deal.

Remember, when you day trade, you are trading against professionals. People who know more than you, have more power, have more funds and have more experience. You are giving money to them by thinking that you can just turn up and do it too.

Let the trades come to you. Do not overtrade. Do not chase trades because you've made some losses.

>> No.4174184

that's why you shilled your fucking vergina bags

you're just a cunt like that teeka faggot

>> No.4174191

>deflecting

>> No.4174194

>>4174184
>shilled verge at 80
>verge goes to 120

>> No.4174203

>>4174160

This is very reasonable advice. /biz/ I hope you're noticing lately you're becoming nothing more than pumping/shilling grounds, with only an occasional good post.

>> No.4174205

>>4174160
> you are trading against professionals
> no one knows how the market will look like
> imposibur predicting the futer of crypto

>> No.4174207

>>4174194

then you dumped at 120 and told your sheeps to not sell since wraith launches on the 6th

all the fucktards believed you

>> No.4174208

Good Job OP
i honestly needed to look in the mirror and yell stop autistically to make it sink in, but its in now

>> No.4174214

>>4174207

I'm still up 10% on that trade. Don't be made because you're an idiot and bought high and sold low.

Twentya even gave us advice in the discord to sell at 120 and rebuy lower.

>> No.4174220

OP tried to charge 0.4 eth for his own PnD calls

>> No.4174228

Ive lost money holding every single coin I believed in these past couple weeks

Made a profit day trading today though

>> No.4174229

for xvg when moon sir?

>> No.4174236

>>4174228

Hodling isn't about weekly gain/loss, it's about yearly gain/loss

>> No.4174242
File: 3 KB, 331x65, verge9.png [View same] [iqdb] [saucenao] [google]
4174242

>>4174207

>> No.4174250

>>4174228
>weeks

>> No.4174253

>>4174229
soon pussy

>> No.4174264

>>4174220
PnD? No.
The reason I started charging is because my leak literally ruined the Verge release. It cocked up a trade I could have made a lot more on, personally. Hence, I have to restrict access for my calls to stop this happening again. I am thinking about taking the fees and doing a giveaway of the full amount each month to my members.

>> No.4174290
File: 79 KB, 408x660, 1457918358975.png [View same] [iqdb] [saucenao] [google]
4174290

>>4174160
>mfw i created a pink wojak when i dumped my kyber bags at an ATH

>> No.4174310

>>4174160

>tfw netted 0.0610 btc this week trading futures on mex/okc

thanks for the coin, losers

>> No.4174323
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4174323

>brainlets advising smaller brainlets
kek

>> No.4174325

>>4174310
Damn, you're set for life.

>> No.4174337

>>4174325
kek

>> No.4174341

>>4174160
>you are trading against professionals.

and they were making losses and learning when they first started too

OP's kinda right

dont bet youre hole nut on a trade. bet small if youre day trading and dont chase the market. set low buy orders based on the support lines of a solid and consistent coin and then set sell orders around 3% gain. then do it all over again

>> No.4174349

>>4174160
lol just sold at 2x. what are you talking about

>> No.4174361

>>4174325

That same mentality is probably why you're getting your shit pushed in right now and I've made ~15 BTC this year trading futures.

There's a value in consistency that I'm sure you'll never understand. Hard to take any criticism seriously from someone who has to shill to idiots and dump his bags on them to make money whereas I do it on my own just me and the market. You're a fucking parasite.

>> No.4174371

>>4174361
If you think 15 BTC is a lot you have a lot to learn.

I posted XVG to help people out. Just like when I leaked the ZEN call for everybody on here. I never held XVG before I called it. I purchased then at around 80 sats.

>> No.4174379

>>4174361
Look on the Mex leaderboard and guess who I am on there. If you guess correctly, I will confirm it for you.

>> No.4174399

>>4174371

A lot is a relative amount. What isn't relevant is that I made it myself and I don't need to throw on a trip and be a gigantic posturing faggot to show it off.

>> No.4174421

>>4174399
I see you only replied to the prose of my response and not the meat.

Best of luck out there

>> No.4174425

>>4174379
ohhh a mexican. we're going to have wall soon, juanita! this time you're going to stay gone.

>> No.4174495

Bump. I want more people to see OP.

>> No.4175189

>>4174160
>stop making money reeeeeeeee

>> No.4175338

>>4174361
Well said.

>> No.4175376

OP is wise. I didnt get into crypto for the day trade initially, i got into it so that i can have some semblance of a retirement when i get old. This shit is toxic and it's addicting. I don't care for it.

I'm pissed that i'm hodling your Verge bags at 108 though. Fuck you for that lmao

>> No.4175481

>>4174194
>Shilled antshares at 200k sats, moons to 1.4m sats

>> No.4175767

I'm trying to by low sell high but nothing ever goes above what I bought it at