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/biz/ - Business & Finance

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1567020 No.1567020 [Reply] [Original]

>I'm a day trader

>> No.1567039

Why's the floor all wet in here

>> No.1567071

>I'm a day troll

>> No.1567076

>>1567039
He didn't mop it yet.

>> No.1567087

>I'm a daily shitposter

>> No.1567121

>>1567020
day traders are the ones laughing. they wake up laughing. what a gig.

>> No.1567157

Is this a meme or is there really something wrong with day trading?

>> No.1567185

>>1567157
It's a meme all over 4chan.
>/tv/
>he watches movies alone at home
>/fit/
>he lifts for girls
>/fa/
>he cares what other people think of your clothes
>/g/
>he installed gentoo
etc.
Nothing wrong with being a (succesful) day trader

>> No.1567274

>>1567185
>Nothing wrong with being a (succesful) day trader
Nothing wrong with being a (successful) lottery player either.

>> No.1567281

>>1567185

Do one for /pol/

>> No.1567292

>>1567281

>he thinks Trump will win

>> No.1567323

>>1567157
Most day traders lose money

You will lose money

Day trading attracts retards because they think it's easy money. Hurrr just buy low sell high how hasnt anyone else thought of this

>> No.1567326

>>1567323
But you can't lose money buying low and selling high. It's math.

>> No.1567439

>>1567326

Its the amount of time a reasonable comeback takes you moron, also the initial capital you have to even trade. No point doing it if you're scraping £20 a day. You need a large amount of money to do it, then you're just working 24/7 at home, home doesn't feel relaxing anymore, you've got a lot of money and you're still stressed which is retarded. Better to make some real investments or some small easy to run business. Buy some land and develop it or some shit, anything. Day trading is retarded.

>> No.1567444

>>1567439
This.

You can flip stocks somewhat quickly but day trading will lose you money almost 90% of the time.

>> No.1567447

>>1567444
Also you legally need $25k in equity in your account to day trade.

>> No.1567479

>>1567292
more like > he thinks the jews will notbe in charge now

>> No.1567501
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1567501

>>1567447
>Also you legally need $25k in equity in your account to day trade.

Never heard that before. Capital has not much to do with trading. 25k is with moderate leverage 100k spread thru multiple instruments that is fine and very safe unless you try to trade something like forex intraday

>> No.1567504
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1567504

>>1567281
In time

>> No.1567533
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1567533

>tfw successful daytrader of 2 years reading this thread

>> No.1567900

>>1567533
>successful daytrader

succesful coin tosser here. I did 3 billion last weekend. going to mars next year.

>> No.1567904

>>1567326

Just tossing this out there, to anyone. What about selling high, buying low? Raises in the SP is pretty difficult to predict, but drops are often (not always) predictable; ie. sharp spikes will fall 90% of the time. Why don't I see more people selling during a sharp spike and buying back in when it drops?

>> No.1567905

>>1567904

As long as you're not trading with a company whose SP is constantly dropping, of course.

>> No.1567915

>>1567533
Sure big guy. How much have you made?

>> No.1567919
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1567919

>>1567447
>robincucks

>> No.1567980
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1567980

>>1567501
>Capital has not much to do with trading

>> No.1568319

>>1567185
>he has a important job
>a very important job
>he trades in stock on the internet
>he pesters /sci/ and /g/ with inept questions about how to tweak his trading algorithms
>he doesn't understand that he doesn't grasp the basic math in order to ask a proper question nor to understand the answer
>he has 3000 in debt because of the licenses for the trading software
>he doesn't know that he could get the same program cheaper if only he wasn't a macfag
>he squanders his money for free

>> No.1568543
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1568543

>>1567919
>tfw Im a robincuck and bought my first stock yesterday

>> No.1568569

GET OFF THE TABLE, you slut. Jesus..

>> No.1569012

>>1567501
you literally need 25k in your account to qualify for the day-trader rule. you gonna get FUCKED by taxes if you can't claim the rule.

Hell, there might be a fine/your broker will halt trading if you don't meet the 25k.

Obviously you don't day trade.

>> No.1569019
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1569019

>>1569012
Never heard of that "rule" before. I see you are quite narrow minded and speak only in domestic terms.

Capital has no impact really. Only alrge enough capital will make your trading very hard but that's not the issue for retailers in general

>> No.1569376

>>1567157
It's a meme.
No one makes any significant amount of money day-trading.

>> No.1569388

>>1569019
>Never heard of that "rule" before
then you're poorly informed and should not even begin to trade

>> No.1570108

>>1567076
We didn't buy a mop.

>> No.1570117

>>1569388
>rule
You're not fucked in taxes, you'd be paying an income tax bracketed by the income you made, and PDT rules only apply to margin accounts. I believe, regulardless of how much you have in your account, anything you haven't held for a year would be taxed as income.

>> No.1570119

>>1567447

Not everybody lives in United Cucks of America

>> No.1570138

>>1570119
>Not everybody lives in United Cucks of America
Everyone who's rich or successful does.

>> No.1570219

>>1567533
these people have no idea what they're talking about kek

>> No.1570455
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1570455

>>1569019
>Never heard of that "rule" before

>never received a round trip warning
how about never made a trade before, shithead

>> No.1570483
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1570483

>>1570119
In general NA have pretty bad options for trading, even cfds are illegal over there last time i checked

>> No.1571111

>>1569012
You don't need it for Futures or Forex. You can open an account and trade with 1 or 2 thousand. The biggest problem most trader have and the reason most don't do well is that they are very under capitalized.

>> No.1571123

>>1570483
>even cfds are illegal over there
>cfds
Who trades these other than Brits who can't trade actual stocks?

>> No.1571139

>>1571123

Why would you not trade CFDs instead of stocks? It's just stocks with a lever

>> No.1571146
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1571146

>>1571123
>Who trades these other than Brits who can't trade actual stocks?

you gotta be kidding me

>> No.1571147

>>1567185
There's nothing wrong with being a successful day trader? Wow, no shit.

We're laughing at them because most aren't successful.

>> No.1571159

>>1571139
>>1571146
Because stocks are an actual piece of a company, while CFD's are just another derivative. You don't need CFD's to get leverage.
Brits only trade them because they have a Bernie Sanders level tax on stock trades (making it pointless from a profit perspective), while the industry is so under regulated you're begging to get robbed trading them.
Plus500, anyone?