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/biz/ - Business & Finance

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56511464 No.56511464 [Reply] [Original]

what the fuck is day trading. my dad suggested it and says he'll give me $10k to start after i learn. wtf

>> No.56511497

>>56511464
ok so basically its when you pay a 1% fee to change positions and then BAM go up 2.5% and cash it and you made 0.5%.

>> No.56511516

Is that the cat the munches its food?

>> No.56511563

>>56511464
It's the fastest way to lose money, go for it!

>> No.56511588

>>56511464
just do 0DTE options instead, at least u'll get to have fun before losing all your money

>> No.56511591

>>56511497
>>56511563
>>56511588
anons slow the fuck down what does all of this mean

>>56511516
no this is the schizo one. they're different

>> No.56511726

1. don't trade things you don't understand
2. don't trade with money you don't have
3. only trade with money you can afford to lose

>> No.56511824
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56511824

>>56511464
wake up at 4am every morning to read world financial news from established news sources. generate your own original ideas about what sectors you think will do well and which will fail. research company financial statements. formulate a strategy of exactly when you will buy and exactly when you will sell.

>> No.56511831

one last thing: don't ask 4chan for advice.

>> No.56511978

>>56511831
i came here to see if anyone can tldr or give a basic rundown. anons couldnt even do that.

>> No.56512293

>>56511978
You trade in the day.

>> No.56512746
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56512746

>>56511464
you buy the daily bitcoin or eth dip, and sell the nightly retrace, make 1.25% profit, and recycle the assets again while providing liquidity with the leftover profits and then you yield farm the LP tokens

>> No.56512798

>>56511978
You know you could just google basic definitions, right Anon?
Most people trade with a weekly or monthly cycle in mind. Day traders intend to generate a profit every single day, with the ability to cash out any day. This can very easily spiral into a never ending coke-fueled nightmare when one wants to do it on the stock market, but in the crypto realm it is a bit more comfy.