/biz/ - Business & Finance

>>51403327
>what do you trade? Piss bottles and cum rags?
i trade stocks and bonds because im a 27 year old boomer.
>>51403346
i smoke number 7 specials (used to be number 7 reds), the box you are looking at is just dollar store granola cookies though.

>>51386667
i am living my worst nightmare as well.
>>51386881
>>51390637
I never want to buy nice furniture because im renting and dont plan or want to stay here long term. Everything i own can either fit in my car or be thrown away.
>>51394055
I go for walks at night when i know i wont run into anybody. As far as learning to day trade goes im not really sure. I just kept doing it until i stopped losing money. First few years i lost money, eventually the price action just started to make sense and i began to win more than i lost. After a while i was up enough that when my wagie job got turbulent i felt comfortable leaving and just not going back. I think risk management is a lot more important than good TA though. Being able to cut your losses consistently will do you a lot more good than being right about trades an extra 5% of the time will. I do this thing where as soon as i buy any security i immediately put up my limit orders at +3 to 4% and -2% to -3% and just let the market decide when i exit. Just taking advanrage of small differentials in risk and reward that propagate easily as long as i adhere to my own rules. My idea of DD is mostly just watching commodity contracts and trying to extrapolate those moves to stock tickers.

>>51359352
I make an extra 50k or so a year flipping stocks but its inconsistent and theres no way i can do this shit and only this shit without worrying about keeping a roof over my head longterm. Even now i havent actually made any trades since mid april and am realistically not going to make any moves until october. Its hard to plan around sporadically having no income for 5 months at a time when the market suddenly isnt favourable to your strategies, and when that happens your only choices are to either lose money or sit in cash until things are lined up for you again. One thing i really do abide by is taking night shift wagie jobs and trading during the day, it provides you with the security of knowing money is coming in regardless and still affords you the time to watch/trade full market sessions. Also it feels badass to leave your wagie job knowing you just made a weeks wage in your downtime. Also, dont ever put yourself in a position where you feel like you NEED to trade in order to make ends meet. if the trade isnt there it isnt there and youll only hurt yourself trying to force it.

Ive only made 55k leafbucks during this bear market bros, thats gotta only be like 40k real dollarydoos :(

at this rate im going to have to get a job or something.

>>51298605