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/biz/ - Business & Finance

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18087666 No.18087666 [Reply] [Original]

Okay. This is not a drill guys. My father is an advisor to multiple hedge funds but he also trades. Now I know jackshit about trading. I keep up with geopolitical events etc and have learned a bit about the option greeks etc but I’m a full-on level 1 scrub. I haven’t finished school and I’m a societal loser. Now I’m out of my job because of the Shanghai Shivers and my pops told me that tomorrow he’s going to teach me day-trading. He usually deals with options and commodities. As I understand, he currently has a short on natural gas. What do I need to know tomorrow? Some basics etc?

>> No.18087813

>>18087666
>Now I’m out of my job because of the Shanghai Shivers
Do you mean your job is shut down as part of the quarantine or do you literally have Tom Hanks Disease?

>> No.18087856

>>18087666
Biden, stop LARPing as an incel and get your arse back in that campaign bus!

The DNC is just about ready to put out a Missing Person report on your daft dunce

>> No.18088206

>>18087813
Job shut down because of quarantine and no way of working at home.

>>18087856
Just as I thought. Everyone’s an idiot “muh bitcoin millionaire” on this board who knows jackshit about actual trading.

>> No.18088213

Always have your plan defined before entering the trade, this means that you should have defined your entry, stop loss, target and position size. The rule of thumb says that the position size has to be such that you're risking <2% of your account size. You also have to calculate your reward/risk, (target - entry) / (stop loss - entry), and it should always be greater than 2. After having a plan defined, you have to follow the plan. If losing, GTFO if it hits stop loss. If winning, WAIT until it hits the target. You know how to read candlestick charts, right? As for indicators and averages, the ones that you should know are the RSI (its between 0 and 100 and indicates the strength of the buyers vs sellers, generally used on reversals), the VWAP which is an average of the price weighted by the volume, and the EMA, which is an average that puts more weight on more recent prices.

>> No.18088271

>>18087666
>my dad is a big dick hedge fund manager
>but I'm going to a burmese basket weaving bbs for trading tips
Post stationary or gtfo. No one's going to show you /biz/'s super secrit trading edge strats until I see a pen thats worth AT LEAST $250 burgerbucks

>> No.18089007

>>18087666
>my hedge fund advising father is gonna teach me how to trade
>biz how do i trade?

>> No.18089239
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18089239

>>18088213
THANK you. That’s kinda what I was looking for.

>>18088271
I need to post timestamps of sitting in my fathers (used) Ferrari to get a few tips?Daft cunt, I don’t want super secrets. I want tips to not be totally clueless in his eyes.

>>18089007
>I’m an all time losing idiot but at leat I can greentext in biz