/biz/ - Business & Finance

>>11056573
I do and have.
Made a fortune in the 90's in stocks and options and blew it all and was in prison for a couple years. When I got out in 2008 I was broke and learned to trade forex and afgter a year or so of trial and error, i made money and I consistently make 8-12k per week...its doable,... very very doable.
My advice? ..avoid crypto til (if?) the next bull run commences cuz its dead for now. Not profitable for vast majority of people.
Good luck.

>>11056613

What you go away for?

>>11056573
Such people exist, but their exact secrets and methods are largely unknown to the public. You're mostly fed bullshit in mainstream guides.

>>11056661
i trade daily and i can tell you this is true.

>>11056666

Nice quads.

>>11056661
>>11056666
How does one get around this

>>11056683
get around what?

>>11056690
The bullshit and find real advice

>>11056683
>>11056697
why would anyone give you their secrets you absolute fucking retards?

>>11056654
Drug distribution.
After I made my fortune I got hedonistic and drank, did drugs and fucked whores. The drugs started taking more of my time and money so I started selling cocaine with a 'friend' of mine who ended up being and informant. 48 months in federal prison.
I estimate I did at least 3 milllion dollars worth of cocaine in about 5 years....no joke.
I'm sober now thankfully...much better life too.

>>11056661
>>11056666
>>11056683
>>11056704

stop larping you faggots.

https://chatwithtraders.com/
https://www.amazon.com/New-Market-Wizards-Conversations-Americas/dp/0887306675/ref=sr_1_2?ie=UTF8&qid=1536797768&sr=8-2&keywords=market+wizards

or just google ed thorpe and think about how to apply what he tells you

>>11056697
im happy to tell people such things but after several years of watching neet's laugh at forex trading i just simply dont care anymore.
Other than having a understanding of price action the only advice i can simply give you is to never do what the news is telling you.
When bloomberg is yelling yen weakness bla bla bla, you better make sure as fuck that youre buying it, yeah market makers will move a yen down a little at such times but thats only to convince people that bloomberg were telling the truth to trick more shorters in and then btfo with severe price movements

>>11056726
I love a good larp

>>11056735

>>11056697
the realest advice you will ever get is: DO YOUR OWN RESEARCH
you have to develop your trading strategy on your own, you need just a bit creativity and patience.
learn the basics, learn the indicators, combine them until you find something that works over time.

me almost do...
maybe in year will be able for 100% claim make living off daytrading

>>11056751
How much (percentage wise) do you bring in a year on average?

>>11056746
lol...i wish you nothing but success...

>>11056751

what does the math on that work out to for each day?

>>11056751
congrats, you had a good day. still isn't proof for some secret knowledge.

>>11056774
oh and heres some scalping i did 6 hours ago

>>11056784
heres another one, lets see some of your trades? i bet you cant show me anything cause you have nfi. stay clueless

this was a big trade, built a big position and made about 230 at market open the next day

>>11056802
>you have nfi. stay clueless
you're picking up nickels. is that a 4 figure account? lmao

>>11056824
>yet to provide me any proof of his own account yet continues to bait

>>11056573
It was brutal, trying to get to my target but I made it.

Now I never worry about price

>>11056726
That would be like 50 grams a day you fucking liar. I used to get 8 balls of fishscale for $150. You claim to have done $2000 a day of coke. That's the most retarded lie Ive ever heard.

>>11056837
so it is 4 figures lol. stop trying to sound so smart you dumb little nigger.

>>11056848
>literally so mad he cant make gains

>>11056862
got 'em

>>11056837
that's another poster your responding to, moron. apropos, you know I'm not attack your unrealistic p/l ratio, but your attempt to paint trading as some dark art only insiders know how to practice. it is not.

>>11056818
Thanks for the help man. Ill be taking your advice for trading. Ed Thorpe and the trader chats.
>>11056848
Mate fuck off, I'm just trying to make a living so I can live independently. Shoot a fucking rope or fuck off.

There are people who make a living day trading, but they are very rare. Most don't have the emotional regulation to pull it off. You will often see those types putting down others online about day trading, saying it "provides no value to society" or "it's just glorified gambling". These types are hopeless degenerates who lost everything they put into their trading accounts because they're a dumbass.

>>11056818
>made about 230
holy shit, 230k?

>>11056942

you mean /smg/?

>>11056942
I mean they’re not wrong when they say it doesn’t bring value to society... zero sum game

>>11056838
nice
tell me your secrets

>>11056970
if you really want to go here, most people don't provide any value to society at all anyway through their stupid-ass corporate jobs, except for another mouth to feed and suck resources from the system

>>11056862
Do you mind making an advice post on the new board I made on infinitychan, /trading/

>>11056613
>8-12k a week in Forex

Is this a larp?

not in this market

>>11056957
no $230

>>11056573
>day trading
>not just buying quick mining contracts

https://flameseason.com

>>11057121
well that's nice
what were your indicators anonkun

>>11057047
>>11056970

you're both wrong. a) volume / liquidity is a lot of value provided to society and b) anyone who finds anyone else who wants to pay him VOLUNTARILY for what he is doing generates value. it is not up to us to judge or get in their way.

>>11056573
yeah using bots

>>11057104
>Claims he did almost $2,000 of coke a DAY every day for 3 years straight (average user spends $5,000-$10,000 a YEAR, even very serious addicts don't get much higher than this)
>Claims he makes over $600,000 day trading from home
and, most importantly
>Posts on fucking 4chan

Gee, I fucking wonder if it's a LARP...?

>>11056573
Im an ameriburger so no daytrading allowed for me. Im doomed to wageslave for the rest of my life.

>>11057257
>Im an ameriburger so no daytrading allowed for me. Im doomed to wageslave for the rest of my life.
>ameriburger cant daytrade
What???

>>11057303
Shhh, he's clearly a retard. Let him be.

>>11056726
Did you just watch Wolf of Wallsteet

>>11057257
>>11057303
>>11057322

https://en.wikipedia.org/wiki/Pattern_day_trader

>>11056726
>Not an NPC

You're doing life right anon. Keep it up.

>>11056613
what's the minimum balance to start trading Forex? what brokerage site should i use?

>>11056726
fucking kek

>>11056886
>>11057052
Fuck i meant to quote you
>>11057189

>>11057326
>Did you just watch Wolf of Wallsteet
kekked

>>11057326
lol

>>11056573
I do. Not something I'd recommend unless you really have a talent for it. I mean, yeah, buy low sell high but man is the devil not in the details.
>>11056661
This is true. Nobody successful who wants to stay that way is going to give you the secret. Anyone claiming otherwise is scamming you.
>>11056970
Efficient allocation of capital is one of the fundamental engines of a functional society. Anybody disputing that is a fucking dipshit.
>>11057303
Get an account with an offshore brokerage and day trade til you're blue in the face. Plenty in the bahamas.

>>11057667
based. why do you have random amounts of tether though

>>11057667
>>11057754
also are you picking up any more ETH at this ratio?

>>11057667
>buy low sell high but man is the devil not in the details.
the devil is everywhere and the proof is in the pudding
One thing i want to point out to people is that indicators are fucking useless. absolutely useless, and think about it. If their job is to make money do you really think they are going to give you a bunch of free indicators to use in order to do it? fuck no
MM's can paint a perfect picture in the indicators to dictate to you "what" is happening in correlation with what youve been taught, if the indicators were so reliable why do 90% of traders fail?
The only things i trade with are moving averages and simply watching the price action, maybe every now and then ill refer to the stochastic 's to gauge on how right or wrong i may be, but ill never rely on it.

>>11057754
The tether markets aren't really conducive to the kind of trading I do but every now and then something pops up so I keep a little spare for that. Same for LTC and BCH for the same reason. Would have some DOGE but I sold it all at 80 sats a few days ago.
>>11057788
>ETH
Most definitely. Started small at 280 and layering on the way down. I can't sell it all when it goes back up but I'll get out enough to make a really nice profit. If we're lucky, the Arthur Hayes fud will carry us down to 150 or even 125 but I wouldn't bet on it. At any rate, layer. Swing trading ethereum right now is probably some of the easiest crypto money I've seen in months.

>>11057850
what did you start with?

>>11057850
>>11057859
also, trading any Holo?

>>11057839
Shit, saw this after I posted. I agree wholeheartedly, most TA is trash and I don't use any of it. Watch the price action, watch the volume, velocity. And when the big orders start hitting the book, you know the dip is over, at least temporarily.
>>11057859
Started with $2500 and sadly I didn't get in HOLO. I tried when it got listed on Binance but I didn't get my entry of 7 sats. Looked at the chart last night and felt real bad about it. I don't have enough insight into it to make a play now.

>>11057899
>Started with $2500
Damn! How long? How often do you tether up?

>>11057839
just to clarify - this is a daily chart of nzdusd last year sometime and if you were relying on indicators to tell you when to short. you were on your way to getting fucked. thats a powerful fucking trend

>>11057914
It's kind of funny. I started about a year ago right before the final run up in 2017 so most of the initial gains were bitcoin itself appreciating. At first I couldn't trade worth a shit and almost quit after getting my ass handed over a couple of times trying. I even managed to get fucked when ant shares rebranded to NEO. I had made some on it but set a stop overnight and sure as shit, I woke up the next morning with my NEO sold at 750k sats only to see it right back up to 900k. But whatever. I was riding bitcoin and around the 7500 mark I decided to get smart and tether up. Haha. I bought back in around 9k. By January, I was sitting on 0.6 btc worth about 10,000 dollars. That's right around the time the bear started. From then to now I went from 10k to 270k and down to 200k-ish at this moment. Having had a terrible experience tethering last year, I don't do it. I'm a trader and if I'm tethered, I can't trade. So I'm just riding this thing and accumulating. I guess we'll all see how it goes. Fun times

>>11058048
Whats the deal with tether? I have 700 dollars worth of tether but I cant sign up to sell the damn things.

>>11058048
>From then to now I went from 10k to 270k and down to 200k-ish at this moment
How'd you do that? What were your big trades? I've gone from 100k to 200k literally six times this year and I'm ready to end it all, feels like I'm in hell
lol

>>11058058
Where is your tether located?

>>11057047
For a small percentage of jobs that’s true. Still doesn’t disprove the argument
>>11057667
No shit distribution of money is fundamental in a society. But it only benefits society when things such as innovative companies come along. Not being better than other people in a zero sum game like poker or trading...

>>11058060
Dude. Relax. You have 200k. Goddamm gain some perspective.

>>11058154
>Dude. Relax. You have 200k
150k :(

>>11058085
Kraken

>>11058058
I don't really know man. I just use it on the exchange as a convenience. When I cash out I just send some bitcoin to gdax and sell it for USD over there.
>>11058060
I'm sure some of it was luck but I look for weird anomalies in the market. My two biggest trades came in the same day when ZCL forked and it was dumping like crazy on Cryptopia and Bittrex. It was in the afternoon my time and I had just woken up when it started. The key for me when something has my attention is watch the book. If it's dumping with a ton of volume, I don't care what the story is, it goes low enough it's gonna bounce. Hell, bitconnect bounced off the bottom. Just gotta watch that book. So ZCL was dumping and dumping, finally sure enough the multi-BTC buys started hitting the bids. The whales had had enough. Muh signal. I got in with a few bitcoins and got out minutes later at a 50% profit. Then it plunged again and the same thing happened. That put me well over 100k. Later that same day ORME dumped super hard on Cryptopia, I mean like a 35 btc sell hit the book. Yet on HitBTC, there was a 24 btc buy on the bid. I was like wtf? Some kind of weird whale manipulation. At any rate I was like fuck it and went in deep. Then ORME 5x'd within an hour. Shit like that is how I do it.

>>11058190
Damn, that's interesting, thanks

>>11056683
>pedophile
>chemical polluter
>animal abuser/exploiter

>wholesome

Best thread on biz today...thanks anon

>>11058110
Well, of course the efficient allocation of capital theory holds perfectly well in crypto. The idea being good projects get rewarded by people buying it up, the founders are flush with money since their holdings have appreciated and they can use that money to fund development. So many projects being blatant fucking scams doesn't negate the underlying economics. And if something like Ethereum ever really delivers on its promise, it'll be in no small part due to the cash having been thrown at it. I'm being reductionist but I think you get the point and I don't really want to argue it. If this whole thing works out, currency independent of central banking, smart contracts, oracles (wink wink) blah blah then it's far from a zero sum game. You gotta think bigger than a bunch of neets fucking about on Binance.

>>11056573
Kinda flat otherwise, but one clear winner.

>>11056573
if my parent works for vanguard am i allowed to day trade with another broker?

>>11058353
I never thought about it that way. I was thinking in a more short term perspective. Thanks

>>11058478
Hell yeah man

>>11058353
>he believes markets are efficient

hows freshman year bucko?

>>11058520
whoah

>>11058190
Do you have any advice for someone who is brand new to this? I need books/info on this type of stuff and I don't want to get scammed.

>>11059068
Search for quickfingersluc on youtube. He has some kickass videos every noob should watch. You'll know what to do next.

>>11057839
Brokers offer platforms with basic TA because it encourages trading. They make money with higher trade volume.

>>11058190
Sick

>>11059259
Pretty much.
None of my gains today were achieved with strategies, or even indicators.