/biz/ - Business & Finance

>>55652080
>something is working but google tells me it doesn’t
Maybe stop listening to (((google))) buddy

>>55652192
I’m not. At the same time, the barrage of Google results one gets on the subject of day trading is so uniformly negative that it’s bizarre.

>>55652266
You don’t even have to have a positive win rate you just have to have good risk management.
So in theory you could “lose money” on 99% of your trades as long as it’s not a significant amount and then on 1% of your trades you make a huge return and still be profitable.
Fuck jewgle

>>55652080
That's my experience.
I was at the airport yesterday and noticed several mutts playing some game on their phones where they literally just clicked the screen as fast as possible. That mentality is how most people perceive "day trading" or any other job.

Trying to get into a prop firm after quantitative finance degree. Learn day trading there, after couple years trade my own money or use capital providers like TradeDay or TopStep. Am I gonna make it?

>>55652080
Be patient
You have plenty of time to lose it all

>>55652468
Kek. From a few real life examples, I’ve noticed some people have a tendency to just look back at a chart and observe a bottom and a top and then say “if only I bought here and sold here” with no strategic or technical insight; pure simplistic retrospection. They’ll then talk about trading the news as if this is the ultimate guide. Also, they want to get rich quick. All of that is horrible, but are 99 percent of people who day trade really like that? There must be a distinction between dabblers and people who are actually applying some technique in order for any stats about success to be meaningful, especially in this age of accessibility.

>>55652554
Thanks anon. I’ll take that to heart.

>>55652476
Have you been doing any trading? How frequent? How much leverage? How old are you?

>>55652080
you'll get rekt eventually.

>>55652799
If I even get a little rekt, I’ll quit like a loser. I’m naturally very risk averse.

>>55652080
You need to have an edge on the market and reduce your emotions. In the day of frontrunning bots, it's difficult to trade on very short intervals. Swing trading large market cycles in crypto is feasible. If BTC goes to 150000, it's a good time to average out and average back in at 50000.
But I generally agree with the advice of most people who say to buy and hold an asset where you're highly convicted. Buy & hold is also low maintenance. Are you going to make more money trading than through buy & hold?

>>55652080
What are your thoughts on CHIKUN op, is it the predestined god of the new bullrun?