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/biz/ - Business & Finance

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18601349 No.18601349 [Reply] [Original]

>wagecuck for three years for more than an average wages in my country
>save up some money because i don't really spend it on anything anyway
>decide to read up on some trading basics and invest into something
>start an account on a broker for forex since I'm not s USfag otherwise I'd probably do robinhood
>up $3700 after a month of really slow trading and testing the waters
Is this some kinda prank? I was expecting to get bogged by now but it's not happening.

>> No.18601379

drug dealers always give away the first hit for free, know your tolerance

>> No.18601697

You'll most likely do well for a while and then lose it all. Quit while you're ahead.

>> No.18601732

Yes stocks in general are a fucking scam if you're trying to trade them actively, first you start with the safe shit then you start getting encouraged to invest in more shit and then next thing you know you don't even have money in the bank, it's all just in stocks.
Then line go down.

>> No.18601783

>>18601379
>>18601697
>>18601732
this

>> No.18602172

>>18601349
I have three words for you:
SECURE
YOUR
PROFITS

>> No.18602409

>>18601349
So you'll make 44k this year only from trading. Nice op.

>> No.18602457

>>18601349
not a prank, the problem is you will continue to reinvest the whole amount thinking you can't go wrong until the market turns on you.

Here's a tip. Pick a timeframe and at this time frame religiously remove 50% of your earnings from the account. This is your profit. Continue investing what is left over.

You are in the green only once you actually take profits. Remember this.

>> No.18602583

>>18602172
>>18602457
I was planning on doing this. I'm still green as fuck in trading but when i was younger i used to religiously play holdem on pokerstars for real money and after quitting it i had profited overall. Do with this info as you wish.

>> No.18603619

>>18601349

If you are a average person who didn't go to university to get a degree in economics or finance. If you do not work actively in the financial sector. If you have no clue what you're doing and it feels like you are betting. Then get the fuck out.

Honestly, people need to stop thinking the stock market is 'easy money'. it is not.

Can you make money? Absolutely, if you have the proper knowledge and skills to do so. However, if you are an average person then you will most likely not make more than you put in.

This is the undeniable truth. take it or leave it. There is no such thing as a free lunch.

>> No.18603819
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18603819

>>18601349
>tfw you haven't seen this video in years but you recognize it right away

>> No.18603881

>>18602172
>>18601697
these without a doubt. op i was in your shoes and lost it all. good thing is i was using a simulator so i didnt lose any reap money kek

>> No.18603963

>>18603619
This is somewhat true. It is actually very very hard to be consistently profitable.
t. finance degree, worked in finance, many years of trading experience with my own money