/biz/ - Business & Finance

[Anonymous No.56363963]

Is there a way to learn daytrading? Just genuine interested making a few bucks. Recommendations?

[Anonymous No.56363983]

>>56363963
> go to forex site
> make practice account
> pretend you have 10k
> trade with 10x leverage
> make $20-100 an hour just visually buying the dips
> feel great
> lose $20,000 in 2 minutes once market moves a little bit.

> follow some HUGE trade recommendation influencer, maybe even paid
> set up automation to buy what they recommend
> hopefully the other subscribers pump it
> sell

> do cross-exchange arbitrage on shitty exchanges
> die from exchange fees and reporting

Go on, young padawan. (P.S. #2 might actually work for you for a time)

[Anonymous No.56363989]

>>56363983
Not too bad.

[Anonymous No.56363990]

>>56363963
day trading doesn't exist. anyone who claims to make money day trading is lying. it's barely even profitable for big banks that have sales & trading desks which abuse insider knowledge with complete impunity.

[Anonymous No.56363994]

>>56363963
Buy my course and I'll teach you how to make millions in your first year of trading. Never mind the fact that the cost of the course is $200 and I totally don't need that money to put food on the table because I'm rolling around in millions of dollars from my personal trading portfolio haha

[Anonymous No.56364011]

>>56363994
This is literally the shit that keeps me from subscribing these niggas.

[Anonymous No.56364082]

>>56364011
"Daytrading secrets" are literally what every finance major learns. If not, they learn it when they get their Series 7/63. All these courses teach are the basics that any "professional" knows, and it's certainly not making 99% of them rich.

Buying a day trading course is like buying a "Get rich flipping houses", "Get rich starting coding businesses", etc. If I were to argue with myself, I would say that "day trading is different because the market is bottomless", but that's not always true when you are fucking with things that swing hard (penny stocks, shit crypto), etc.

You are being sold a fantasy. If you want to "become a day trader", go watch the fucking chart all day for years and understand basic techniques like what selling a covered call is.

I gave you all the "secrets" above and here >>56363983, literally. If you have questions, ask me. If I tell you bullshit, lurkers will come out of the woodwork and call me on it.

[Anonymous No.56364084]

The only way to learn is by losing money, you are looking for a shortcut that doesn't exist.

[Anonymous No.56364124]

>>56364082
Thought so. Thought I wouldnt learn anything substantial by paying them telling me all these trivial things.

[Anonymous No.56364150]

>>56363963
Here's what you need to know:
>everything is priced in
>the market can stay irrational longer than you can stay solvent
>short term price movements are random
>all stocks are overvalued
>market derivatives are a faster way of losing money than setting it on fire
If you just want to make a few bucks, have you tried putting your money in a vanguard account and doing something productive with your time?

[Anonymous No.56364221]

>>56364150
I own a property in the countryside and another one thousand miles away, there are basically no jobs, so I need to do something remote.

[Anonymous No.56364235]

>>56364150
I got fucked by a random spike which triggered my stop-loss and the broker wasnt fast enough to sell. Lost 200 bucks instead of my usual 50.

[Anonymous No.56364482]

don't let anyone tell you it's impossible, this whole space is full of cucks telling each other 'you gotta lose for years', '95% of traders fail', 'its all random' etc which although is mostly true, it's also perpetuated and exaggerated among day traders to comfort the individual failure by explaining it as some collective inevitably.
the main advice id give any new trader is to seek out community but with the above in mind, most daytraders are flat broke losers or they wouldn't be trying to day trade at all, sitting about looking at screens all day is a gay and pathetic way to spend your one life on earth, those people would be broke and failing when attempting any other hard task, their struggles are no reflection of day trading as a viable moneymaker. don't let anyone drag you down.

[Anonymous No.56364850]

>>56364482
Thank you, Anon. I already thought in that direction that those 95% are complete redditard morons who do not even grasp the concept of genetics on IQ.

[Anonymous No.56365919]

>>56363990
Actual retard
There are many professional day traders that consistently print money and the big trading desks are green like 85% of the time, you can look through the financial statements from the banks with trading desk and see their results. There's many prop firms that have very consistent and profitable traders too. Lance Breitstein is a good one to follow. Ya ya I know ((()))

Find the people that teach for free, or have courses but offer so much shit for free that you don't actually need the courses.
TraderLion channel is great on shitter or (((tube))).
Jared Wesley/Live Traders is an absolute gold mine
Cameron Ross is solid for intraday momentum trading on small acps.
Oliver Velez
Kristian Quallamaggi
Mark Minervini
All have content on yt that you can check out for free.
Mark Douglas, Livermore, William O'Neil, Oliver Kell, are also great sources.

Most traders fail because most people are lazy and full of excuses. 90%+ of traders fail and funny enough 90% of the people on this board will tell you technical analysis is astrology for men, which tells you that the 10% that take TA seriously are part of the 10% that actually succeed.
>t. full time profitable trader for 5 years, I trade stocks only.

[Anonymous No.56365940]

daytrading is a fucking meme, its the #1 pick of profession from a mid/late twenties "guru" who is a self described thought leader. it doesn't exist as a reliable source of income and most people telling you that it works are larping hard

and now firms are implementing more and more advanced AI algos to daytrade lol

[Anonymous No.56365953]

>>56363963
Daytrading is just like everything else. There's people teaching you how to do it, but ultimately you have to try different things and find your own way to success.

[Anonymous No.56365986]

>>56365919
larping retard

[Anonymous No.56366014]

>>56365986
Cope. I ran a free biz room for a while teaching people, but most of you are lazy as hell and flakey so I stopped bothering.

[Anonymous No.56366024]

>>56366014
Reversal play. Huge flush, pukes for an hour+ straight and then gives an entry with a tight risk off level.
Verification not sneeded

[Anonymous No.56366031]

>>56364082
>they learn it when they get their Series 7/63

7/63 holder here. they just teach the rules, not how to succeed doing it lmao. day trading is simply by definition, going round-robin (buy and sell) 4 or more times in a rolling 5 day period on a margin account. you need $25k minimum equity which could be cash or stocks to keep going, otherwise you cant open new positions. day trade buying power gets you 4x margin leverage for the day though, as long as you close out, otherwise its the usual margin buying power. has to be marginable securities, and different securities have different marginability if its not standard reg T or 30%

anyway its all rules after rules, just get a cash account if you don't have $25k and worry about settlement times instead if you intend to go fast

oh yeah did i mention wash sales? you gotta look into that if you're day trading, it'll muddy up your basis

[Anonymous No.56366039]

>>56364850
its funny people keep throwing out the 95% thing as if thats testament to how hard day trading is and so obviously youre going to struggle but really that 5% left over accounts for an enormous number of people.
the 95% includes millions of people it probably shouldnt, people who maybe place one trade and fail, blow up one account and never try again, the 95% will have a majority who never put more than the tiniest amount of effort in to learn anything.
imagine the failure rate for people trying other hard tasks, what would the failure rate be for people attempting to perform surgery after watching a couple of youtube videos for example? how about the failure rate of somebody attempting to play in the nfl after watching a few highlight videos? the success rate would be nowhere near 5%

[Anonymous No.56366048]

>>56366024
Another big momentum trade

[Anonymous No.56366058]

>>56363963
Yes
lisent youtube video.
Try why demo account.
Try whit real money .
Lose all your money .
Be poor. Try find a job.
Kys.

[Anonymous No.56366065]

just put 1k in your account and trade
there is no education that can help you
its all innate skills like intuition, logic/critical thinking etc

[Anonymous No.56366084]

>>56366048
Another momo trade. Multiple flags, an ascending scallop/rounding bottom, and lots of tight consolidation entries with clear risk off levels giving good risk reward opportunities.
To anyone reading this and not retarded, it takes years to get consistency. Opportunities like this happen all the time in the stock market and with the right tools you can find them pretty easily.

[Anonymous No.56366116]

and besides, theres intraday strategies everyone knows already works, people just dont do them because they have a low win rate.
you can look up the opening range break on any time frame and youll see that for years its been profitable, if you can be bothered waiting for the day its due.
theres other strats like picking some premarket level (like the high or low) and just gambling thatll itll reverse in the regular session when the price gets there again, tight stop, again its a proven long terms strat. people just love pushing buttons too much and cant help themselves over complicating things.
look at this study on the 5minute opening range break, doesnt get any more simple than this, their data ended in february and this past summer had a dozen days it worked.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4416622

[Anonymous No.56366155]

>>56363963
No.
Day trading for 99% of human traders is not profitable. The retail trading industry pushes its clients into short time frame trading because it puts them at a huge disadvantage with tiny historic volatility intraday and market maker manipulation/ algos raping the humans.

You also cannot trade for a living. Even pro traders get a salary.
Money in trading is made via a hedged portfolio of mid cap stock options held over mid term time frame and with a correlation near zero. That way and with a steady incoming paying the bills you can get rich slowly. You also need a reasonable starting account size of absolute minimum 15-25k. That’s it kid. All there is outside of gambling and lottery tickets

[Anonymous No.56366159]

>>56366084
95% of stocks on a daily basis are pretty much untradeable. You have to be very specific and know what to look for. Volume trumps everything. Volume will lead you to whats in play, it will lead you to the catalyst that matter, to the earnings reports that matter.
This one was an over extended short play on a stock that went parabolic intraday. Gravestone Doji/Shooting Star with 2 equal highs almost like a tweezer top, wide range green bars after an extended move up with exhaustion/capitulation/ending volume. Clear risk off level right above those 2 topping tails with lots of room down, makes it a great trade. Massive separation between the 20ma / 200ma / price, the 20/200 always revert back together, ALWAYS and when you get a pocket between the 20 / 200 and price, look for the reversion set up. Parabolic moves almost always puke up a large portion of the gains. It's like watching a person run up the running wall in Ninja Warrior, as soon as a person slips and loses their momentum they come sliding on down the wall.

[Anonymous No.56366174]

>>56363963
Just buy low and sell high, bro.

[Anonymous No.56366175]

>>56365919
Amateur
Banks have since the GFC no more proprietary trading. They only do market making

[Anonymous No.56366230]

>>56363963
No, there's not, but you can def go to Kinetix and set a short with 10-50x leverage and cope

[Anonymous No.56366242]

>>56366175
There's "restrictions" regarding trading bank fund. Either way, I don't work for a big bank so the points irrelevant to me and my point still stands about what their win rates were which you can look up their historical win rates.

[Anonymous No.56366244]

>>56366230
Kek no, why would a nigger do that

[Anonymous No.56366250]

>>56366058
>lisent
I will fucking not, go back pajeet

[Anonymous No.56366256]

>>56366230
I will never forgive you if I lose any money

[Anonymous No.56366258]

>>56366230
In a scale on 1 to 10 how retarded would it be to throw 10k at it?

[Anonymous No.56366286]

>>56365919
I discovered Stacey Burke and fell in love with this chad. Thank you for your recommendations.

[Anonymous No.56366330]

>>56366039
You might be on to something. Most successful people seem to need 3 months up to two years, its a steep learning curve.

[Anonymous No.56367841]

>>56366286
Har har.
All the traders I listed above have been trading for a decade minimum, some of them for 40+ years. Jesse Livermore is pretty much the Warren Buffet of daytrading. Half those people on the list are dead (livermore, douglas, o'neil). Mark Minervini you'll see go on CNBC pretty frequently and has a few good trading books and has won several of the biggest trading competitions.
If you don't recognize those names you're probably a new fag to trading.

[Anonymous No.56368491]

>>56363963
Daytrading is a rigged game. Is a scheme to transfer money from the bottom 90 to the top 10 percent. You are not going to beat 5 professional poker players with computers

[Anonymous No.56368610]

>>56367841
I indeed are. Also a foreign fag.

[Anonymous No.56368612]

>>56368610
Or I am?! Lol.

[Anonymous No.56368654]

>>56365919
I'm quite successful as well, I'll admit it wasn't easy but here I am.
I don't day trade much crypto, but I do some hold and sell...bought Chainlink at 6, and a month and a half later I sold for profit. Right now, the crypto market offers very little in day trading, unlike other instruments like stocks or forex.
I've traded forex for a while now and it was difficult at first, but once you string successes along, it becomes a bit easier when you have slack to fall on.
Lots of people fail at trading because of various reasons...very few traders are successful from their first trade onward. You have to find your niche and go with it. I never traded silver much before this year and it's been a pretty good year so far if I do say myself. I basically trade about 6 pairs and that's it...don't complicate things. Keep it simple.
Good luck...keep at it and you'll eventually find success.

[Anonymous No.56368659]

Have you never used a board with IDs before?

[Anonymous No.56369678]

>>56368659
Yes.

[Anonymous No.56369691]

>>56363963
if you can stomach some coding then algotrading mogs daytrading in this day and age. why follow a flowchart-like algorithm yourself, as a human that needs to eat and sleep and is prone to emotional mistakes, when you have a computer that was designed to do just that?

[Anonymous No.56370342]

>>56369691
But when everyone does it in a zero sum game who is gonna profit end if the day?

[Anonymous No.56370366]

>>56369691
coding is the easy part, the hard part is picking and designing which algo to use

[Anonymous No.56370393]

>>56363963
>have an IQ above 130
>have a thorough understanding of satistics
>have a moderate understanding of programming
>spend a long time analyzing data to find small patterns with beneficial outcomes >53% of the time
>write algorithm to trade on those patterns with acceptable risk
You, on the other hand, will buy some shitty course or something for normies and lose your ass in the first few months getting fucked by leverage.

[Anonymous No.56370462]

>>56363983
>lose $20,000 in 2 minutes once market moves a little bit.

I'm more reactionary. You are banking on no volatility for your strategy to work. In forex you are asking for trouble because that's all any of the moves are...sudden fuck you massive candle rips out of nowhere.

You need to be making moves on WHERE its going, set the trade, and then walk away.

I personally like buying at support zones after a sudden dip as it usually always bounces to some degree. I determine through On Balance Volume and VWAP usually. One other supporting indicator. I'm real big on checking multiple time frames and less noise on screen.

The only way your strategy can work scalping without caring about the sudden scam wicks then it needs to be automated so you can cut those positions lose asap

Basically buying support zones and then setting a profit for the

[Anonymous No.56370512]

>>56364482
>95% of traders fail'

This number is skewed as well because its 95% of traders quit after their first experience of getting hosed by the market.

So the majority of those are one and done and didn't take it with any level of seriousness. The real reason that stat exists is to deter the average investor from buying commodities futures and options because its actually surprisingly easy to gamble your way into a relatively fat net worth.

You WILL win eventually if you don't stop playing as you learn how to handle risk.

Jews use the stock market to extract value without committing physical labor. We can actually do the same. kek

t. Mongoloid retard who has made a lot from crypto

[Anonymous No.56370529]

>>56367841
>Jesse Livermore is pretty much the Warren Buffet of daytrading.

The book "Reminiscence Of A Stock Operator" is was such a fascinating read. It was hard to put down. Jesse Livermore was such a badass and I learned a lot in regards to mindset and psychology of trading.

[Anonymous No.56370872]

>>56370529
Might give it a try. Thanks.

[Anonymous No.56372493]

>>56370872
You really should. The best thing about Livermore is he was a good man. He sacrificed profit a few times to ensure a few companies didn't go under and have to fire a bunch of employees.

He eventually shorts the top of the Great Depression and become a billionaire adjusted for inflation at the time as a result. Kek They claim he committed suicide but it seemed suspect honestly.

[Anonymous No.56372638]

>>56363963
Pic is my attempt at day trading. Started in 2020 and basically stopped in 2021. RH is shit but I liked it for day trading.
The first major dip was not selling slv calls soon enough. Could have 4x my money but held to long and lost. The uptick was me doing a hail merry into gme at 125 a share on a Friday. Monday around open or a little after I sold for 330 a share. After that I got better and started slowly building. The major uptick was from a biotech company where I tripled my money KDMN was the ticker. After that I realized I didn't know shit and was lucky so I got out of day trading. I have etfs and other boring shit with another broker. Moral of my story, I got lucky. I've always been the kind of person that can fall into a barrel of dicks and find the only pussy. The best teacher is just doing it and the success is a great bit of luck and a little experience.

[Anonymous No.56372832]

>>56372638
>Could have 4x my money but held to long and lost

It takes a while to learn the hard way but you will begin to find you like the 45% profit you realized instead of the 400% you could have had but held too long. Kek

Seriously though I have found for many their greed is unchecked and they basically have no fear. Kek

Nothing worse than making a risky play, it paying off, and then you watching it give back all the gains over the next 24 hours.

[Anonymous No.56373252]

>>56363963
I think he means what are the easiest platforms for windows? Which ones are streamlined and simple and also offer tick trading as well?? I'm looking to swing trade. I don't want a minimum. Literally what are the DIRECTIONS on what buttons to click to execute a trade..... not asking strategy's like 100% of people are assuming on here. How do I link it to my checking account? So, yea...Step by step directions on how to tick trade and on what platform, please!?!!!!?!!?!??!?

[Anonymous No.56373578]

>>56363983
What about swing trading?

[Anonymous No.56374005]

>>56363963
Of course you can just search best indicators and best strategies for those indicators than move down to the lower time frames. Most important thing in staying alive is risk management though.

[Anonymous No.56374378]

>>56373252
Please help!

[Anonymous No.56374412]

lmao at these fucking poorfag brainlets spewing horseshit.
OP read Trading in the zone. If you can't absorb the message there then youre genetically averse to the speculation meme

[Anonymous No.56374424]

so funny how you can JUST TELL every single person in here who says "well actually trading is..." is a total midwit who isn't making money, or someone who made money on crypto who thinks it was epic skill and not just right time right place (I also made x50 on crypto and I don't sit here larping about my "trading" ability)

[Anonymous No.56374440]

>>56374424
50x from a pump and dump =/= consistent results from active trading
retard

[Anonymous No.56374454]

>>56374440
literally making my point

>>56374412
>dude just read trading in the zone
ultrakek, this shit writes itself

[Anonymous No.56374459]

>>56374454
>literally making my point
nice sidestep. and i didnt say "just"
you are a fucking drooling retard.

[Anonymous No.56374460]

>>56374424
>>56374454
>id 0iq
guess I was wrong, kek has spoken
trading is profitable!

[Anonymous No.56374472]

>>56374459
which tiktokers should I subscribe to for my next plays?

[Anonymous No.56374478]

>>56374472
you are weak. and stupid.

[Anonymous No.56374482]

>>56374472
addendum:
i prefer if they're 16 and have zoomer hair fr fr
plus points if they have a ferrari and live at dads mansion
also visible cash so i know they make money

[Anonymous No.56374492]

he mad. lmao

[Anonymous No.56374536]

>>56374492
sorry im back from trading in the zone
yes I was mad, but now I am also poor
listening to tony robbins podcasts until I am ready to enter the zone again

[Anonymous No.56374600]

>>56373252
I already played around with a 1:3 risk ratio, won 150 bucks but a spike fucked me and I lost 220 Bucks. Next tome O have to check for one minute 1.3% deep valleys before opening a position.

[Anonymous No.56375186]

YOUVE GOT TO PUMP IT UP YOUVE GOT TO PUMP IT UP.


The price has gone up 200% since the last time we posted. Holders have increased by 10.

p.s. we have a meme contest going on for the next two weeks, join the telegram or discord to enter and win. LETS FUCKING GO!!1681!!

[Anonymous No.56375292]

>>56374600
What is a list of good trading platforms, please?

[Anonymous No.56375297]

>>56366242
Thank you anon for sharing. It means a lot. Any advice on some material that helps start complete noobs?

[Anonymous No.56375423]

>>56369691
but how do you not get eatin' up by spread and fees when the market is as tight as it is now?

[Anonymous No.56375587]

>>56375292
Not etoro kikels for sure. Its always Spikes that fuck my stop losses and when I check on tradingview those Spikes dont exist. Almost as if they do not want you to daytrade.

[Anonymous No.56375660]

>>56375292
Look at these goddamn motherfuckers. How am I supposed to set a risk-reward ratio of 1:2, let alone 1:3. That stonk alone isnt even volatile enough but the Spikes. Also etoro thinks I am a retard (which is true) and they dont let me trade anything else than stonks.

[Anonymous No.56375702]

>>56363963
Day trading is a strategy that guarantees you'll eventually lose all your initial investment.