/biz/ - Business & Finance

>>10635007
if you can compoun 3-5% a day swinging shitcoins. you'll get rich in 6 months starting with that amount of money.

>>10635007
-$70

>>10635007
Haha, so young, so naive. I remember it well
I guess it's a rite of passage to watch $70 fluctuate between $69 and $71, then realize you need more money, put in $1000, and watch it decimate to $500. Then you will be ready to make it

>daytrade
>$70

>>10635131
i'm not hoping for anything grand. like maybe have $100 by the end of 1 or 2 months then turn those 100 into $150 and eventually into $300 and so on

You will double your money and then half your initial

My journey 100>190>2>14

Wish I took out my initial at 190 but I had some retarded urge to hit x2 before taking it out

>>10635097
so i guess youre suggesting... hodl

>>10635182
which coins did that to you and what were your strategy

>>10635289
was*

For fucks sake, you need more starting capital. I don't understand how people can seriously ask these retarded ass questions. "How I can make money trading with $50?" You need more money if you want to make a decent profit. If you're starting out with 70 bucks, this limits your options and forces you to go all in on shitcoins that might never pump. And if you do make a profit, you might only turn those 70 dollars into 90 or 100. That's not enough.

>>10635354
I'm not trying to make a living. I just want to get some experience and see how much money I can make.
If things work out of course i'll start pouring more money into it

>>10635376
day trading its like playing chess against pc on god mode
youre gonna lose

Most brokers charge like 7 bucks a trade. That means you can trade seven times and you're done. People who day trade have mid 5 digit portfolios and up, AND use margin accounts. Look at it this way:

100000 invested in a stock
Price goes up $0.50
Sell
Subtract trading fee and taxes
You've made about $400 for the day.
Do it again tomorrow.
You are guaranteed to lose sometimes.

That's how day trading works. In and out real quick. 70 bucks is nothing. Save your money, do your research, and in 2 to five years, try it out.
Now you should be building a dividend portfolio to make paying bills easier. Read

>>10635676
You can trade 10 times, not seven. Oops

>>10635007
dont forget to pay tax on every single trade btw

just buy shitcoin hold for x10 and sell instead moron..

>>10635846
Just because you're evading tax on your crypto trades doesn't mean they aren't taxable.

>>10635007
>$70 dollars
look into litoshi markets

>>10635007
You can start out with 70, there are those who started with a 100 daytrading and turned into tens of millions. Not going to be easy though, and having less capital means grinding harder

>>10635872
wtf are you even saying,? Iwas implying that daytrading is aboslutely retarded because u will get burned and u also pay tax on every single trade you do lmao

I didnt say that I evade tax lmao ?? wtf