/biz/ - Business & Finance

almost got shaken out when it dipped to 30c the other day but now it doubled
comfy hold

I work at a forex broker, and I can tell you that it is 100% possible to make a living trading, but people let the fud get to them. The "95% of traders lose money" thing is true, but it's also misleading. The vast majority of retail "traders" are some combination of retarded/gambling/uninformed. It's a rarity to see people actually placing orders with stop losses or exercising any form of risk management. Manage your fucking risk, it's by far the most important thing. If you have a simple strategy that relies on a few indicators and basic fundamentals, and you manage your risk properly, you are in a better position than that 95%. Dont risk more than 2% of your capital on a trade, and set your profit targets before you go in.

The people who scream and cry and say TA doesn't work and that you can't make money trading are the people who load up RSI and bollinger bands at the default setting, look at the 15 minute chart for EURUSD, and dump their whole stack leveraged 100x. Don't let the crabs get you, if you're already profitable, dont fuck things up by going for the big score, keep making consistent profits and compounding will take care of the rest.

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penis

>>21706105
congratulations on your gains fren. heres a frog for you.

>>21252655
Week green af, month green af, year I don't care wasn't in it

>>21070503
yep thats actually what I mean
the very moment I sell a few hours later it instantly goes to 2000$
not even going to lie or joke
shopping for ropes on amazon rite now

Almost regained my initial losses. Boys I will be green soon. Maybe I should stick to ETFs and blue chips

>>20220112
At least you have us anon

Disregarded meme stocks. Bought MSFT AAPL and BABA. FEELS GOOD FRENS.

>>16213650
happy

>>16004766
hi

>>15941412
>It seems to me most successful traders tend to be swing traders
It depends on your preference I tried day trading options on the 3x leverage etfs and weekly options I realized some trades up 40% in a day. I gave back all the gains the next day though. I just hated the intensity of day trading.

So for me the long swings feel comfy.

>>15913538
>i'm a wagie but i've got the week off.
>go to work wagie.
even wagies like hating on wagies

>>15906739
>works 30-35 hours a week
>makes 60k a year

The main issue with this is that it just isn't enough anymore. Unless you are making six figures you are not keeping up, I certainly am not. I can barely afford to live in the area I do, but that's where the jobs are and even 30-miles out housing is still insanely expensive. I hustle crypto to potentially beat inflation (which the official figures are a total meme, they're way higher) and maybe afford a house which currently I could save for the rest of my life and maybe afford to buy at current prices by the time I'm 60, and that's assuming the prices don't go up even more. I pray everyday for the system to crash, but given how pointless this is I try and do something about it instead. I'm hoping Link actually pays off and moons like everyone here believes.

My my wife a home and get to spend more time with her.