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

/biz/ - Business & Finance


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19758494 No.19758494 [Reply] [Original]

Why aren't you a day trader?

>> No.19758501

>>19758494
yikes

>> No.19758533

>>19758501
whats wrong with a couple lads out on the boat ay?

>> No.19758841
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19758841

grug watch rocktube & see dumb man do day trade on da YouTube. make real mad so me think up real hard and make brain go brrrrrrrrrrrr. hmmmm why no grug got this n do this? why no grug!!! so so me hop in rock roller and taken club and pay visit and tell me him that mine now. he say prop per tee rites but grug no understand and think stupid. grug fix brain with surgery and day trade man now part of grug tribe. grub use smoke net to make big money now with daytrade and old daytrade man play with dog and make him go happy.

>> No.19759172

>>19758494
I work a real job

>> No.19759246
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19759246

Daytrading? Come right on in, OP!

>> No.19759344

>>19758494
Cringefest. What an absolute faggot.

>> No.19759370

>>19758494
this is what stock market peak looks like.

>> No.19760290
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19760290

>>19759246
It's not gambling if you control your risk and respect your stop gains and losses.

>> No.19760322

>>19758494
>day trader
>not watching stocks during market hours to make a succesful call

>> No.19760651

hes a vlogger that day trades sometimes not a daytrader

>> No.19760668

I do 3-7 day swing trades instead

Why isn¨t that lad trading though?

>> No.19760706

>>19758494
ok
>be day trader
>recognize that 90% of trades are initiated by institutional investors. Hedge funds, mutual funds, banks, etc full of the most advanced predictive technologies and literal teams of quants analyzing every single measurement on any aspect of the market at every moment
>sell share of something
>90% chance institutional investor buys it -- what do they know that you don't? Why do they want it when you don't?
>buy share of something
>90% chance institutional investor sold it to you - what do they know that you don't? Why do they not what it while you do?

Yeah def gonna make it one day

>> No.19760736

>>19760290
Fuck that spic.

>> No.19760746

>>19760706
There is such a thing as over prediction.

>> No.19760750
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19760750

>>19758494
I day trade, a day in my life is more like pic related

>> No.19760764

>>19760746
Great come back bro. Shouldn't you be checking your brokerage account again?

>> No.19760788

>>19760764
That was a great comeback too bro. Shouldn't you go back to watching your bull fuck your wife?

>> No.19760839

>>19760788
hell yeah brother

>> No.19760853

>>19758494
Learning small caps from Ross Cameron. My metrics week over week are going up pretty nicely. His program comes with a Sterling simulator with real time data.

The small caps strategy avoids all of the institutional traders by targeting lower float stocks with big gaps in the scanner he uses. Gap and Go plays are pretty solid if you can manage your risk and not get emotional.

>> No.19760911

>>19758494
i don't have 25k

already restricted

fuck, and day trading options for a couple hundred bucks is a lot easier than i thought. those who say day trading is not profitable clearly don't have the risk and instincts for day trading

i could day trade crypto, but there's too many shills

>> No.19760937

I don't wanna become poor in a week.

>> No.19760974

>>19760911
Find an offshore broker, they dont follow the PDT rule. CMEG let's you start with 500.

>> No.19761003

I don't want to have to spam clickbaity videos on Youtube to recoup the losses

>> No.19761109

>>19758494
This guy got busted for trading on a demo account and claiming it was a live one. He's a fraud. Majority of his income comes from YouTube videos teaching you how to fail at trading. How or why anyone still buys into this shit with so much information out there demonstrating how full of shit every single one of these people are is beyond me. SMB Capital is another one. HUGE amounts of videos and content allegedly teaching you how to trade, but ultimately teaching you the exact opposite of how you should be approaching markets. Ask of any of these people to show evidence of their trading and they clam up like virgins at an orgy. Some of them have gotten a little more sophisticated with their frauds, but they ultimately all get called out and debunked eventually. None of these people are paying their bills with "day trading." It's actually astounding how rarely any of them have to even prove they're not full of shit. Everyone just wants to believe them so badly.

>> No.19761140
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19761140

>>19758533
>what's wrong with a cult of personality

>> No.19761151

>>19758494
I feel like these day trader gurus make more money selling their gay courses, JewTube views, and knick knacks than they do from actually trading.

>day trading gets memed into popularity
>suddenly HTZ is up 600% amid bankruptcy

Think I'll stick to my day job senpai

>> No.19761187

>>19761151
>I feel like these day trader gurus make more money selling their gay courses, JewTube views, and knick knacks than they do from actually trading.
really anon? really? what clued you in?

these guys are exactly like PUA. yeah they may be good at it themselves, but their entire brand is selling their bullshit success story as if it's easy for anyone to replicate just buy my seminars for $34.99, new tips every week my newsletter is just $5.99. Yes I do take crypto.

>> No.19761299

>>19760706
When I buy low, I'm selling my shares high to robinhood traders. No hedge fund is buying from me. All retail. Retail gets smoked.

Besides, funds don't operate like this. Funds buy the same stocks we do just in a different way. You ever bought a stock and set your stop loss at clear "support", and then that suport breaks, you sell, and 30 min later stock is back at high of day? That was a shakeout, initiated by the market makers. That's where hedge funds bought your shares.

>> No.19761319

>>19761187
I mean I've never followed a single day trader or watched their videos in my life but Im aware of it in all kinds of other personal finance / entrepreneur categories.
I first got hip to it years ago when I was learning about index investing, DCA, all that stuff. I read "I will Teach You to Be Rich' by some street shitter. I'm reading the book and as I get through it im like ok I already know all this shit (mind you this was when I JUST started learning about investing). At one point he's talking about side hustles or whatever they were called back then and buying his course. It clicked with me that I just got suckered (I mean the advice in the book is practical but it's not anything new so w/e) because all these guys do is just make money by tricking you into thinking if you just tap into your hidden potential, with a $745 course, you will be a millionaire money printing machine.

TLDR; write a book, sell a course, make youtube videos.
Sure theres some good guys out there but most are fucking frauds and it's funny to see adverts or recommended videos on jewtube from kids in their teens shilling some bullshit.

P.S. when these niggers tell you about their "100k revenue biz" remember that gross revenue =/= net profit.

>> No.19761408

Notice how much work all these type of youtube cunts put into their videos, especially the titles and thumbnails. If it was so profitable, they'd be compounding their earnings and would never bother to spend all the time editing stupid vids.

>> No.19761463

>>19760290
Daytrading is literally just swing trading for idiots who can't control themselves