/biz/ - Business & Finance

>>1195845
Buy trump it will go up! Use Bitcoin profits to open margin account but don't use all your profits. Like I made 10 btc on a crypto but I put 1 btc into trump and made 30 btc but I took 3 btc out to trade futures on a margin ;) thank me later bro and remember crypto is a buy and hold game don't ride the waves they will burn you

>>1195855
>put 1btc into trump and made 30btc

lol jesus christ your whole post wreaks of bullshit.

op, how about you keep doing what youre doing and build up your capital using your 1337 trading skillz and keep throwing money into your brokerage account as you come into it.

you wont be able to support yourself trading full time with your own money, nor would you really want to. trading should be a way to accumulate wealth, remember that.

also,
>i think im a really good trader
when you have atleast 7 years showing +15% annual returns then say that. until then youre just going to get yourself fucked up.

take your time, and develop it organically. remember, an overnight success usually takes about 20 years.

>>1195860
Im convinced I could support myself with 25k in the bank. Literally would only need half a percent gain on average

Ill go ahead and leave this here. Cant hurt. Thanks for all the info you guys provide. I visit this board daily and you guys are really helping me grow my passion. One day I hope it can be more than a hobby
gofundme dot com slash ryzcad2m

>>1195870
>25k is the MINIMUM needed to daytrade..

but to do what though? you wouldnt be able to accumulate any wealth that way. youd essentially be spending all of your days stressed the fuck out, trying to make hundreds of dollars, not hundreds of thousands, just hundreds, all just to fund your existence? why not just pay the bills somehow else and use trading as a way to grow a comfortable nest egg for yourself?

also, its easy to say "i only need half a percent a day/week, my spreadsheet says ill make this much money". its not easy for it to happen.

good luck on your venture, but id reevaluate.

>>1195892
I really dont see how it wouldnt accumulate wealth. A half percent a day would grow exponentially. It would double in less than a year

>>1195897
how many times have you made 100% returns in less than a year? how many times have you made 500% returns a year? why don't you just be honest about why you're begging for money?

>>1195897
yeah, so that would give you 25k, in a year. thats just above the poverty line.

youd have to use that 25k a year to live, so itd be immediately withdrawn from your account. so youd be back to 25k, trying to make 25k again that next year.

and what about the months you lose money? lets say you make 2.5k one month, so you pull it out, next month you lose 2.5k, but you still have to pull out 2.5k to live. so now your eating into your principle investment to live, and still trying to make money off that capital.

i dont think youve thought this through enough. just because you hit a grandslam 240% on RH, with $500.. (sorry, but thats a joke), does not mean youd be able to sustain anywhere near that, and definitely couldnt sustain doubling your money every year.

youre about to have a son? get something more stable like a business and look at trading as a way to grow a comfy life for your boy. take it from another parent. or don't.

youre going to do what you want regardless, but trading 25k, hoping to make 25k a year, is not the life you want for your family.

again, thered also be no way to grow your account to millions as you state because, again, youd be withdrawing all of your profits, and eventually some of your principle just to keep the lights on.

>>1195904
>how many times have you made 100% returns in less than a year?

didnt you read his GFM? he made 240% off of $500 in 4 months on RH. so now he's ready for the majors.

you remind me of those kids who win a poker tournament, then think they can go pro and end up borrowing money from everyone on the circuit before they eventually just disappear to their hometown.

>>1195909
>you remind me of those kids who win a poker tournament, then think they can go pro and end up borrowing money from everyone on the circuit before they eventually just disappear to their hometown.

was directed towards OP

>>1195870
Maybe tell us your secret bruh

>t1 line, bloomBerg terminal
>savings gone

>tfw op forgot about trading fees
>then bernie sanders transaction tax actually passes

Lolol at op with $2k locked out for 3 days too many round trips. Have you tried sucking 25000 cocks $1 ea?

>>1195909
i'm always more and more confused by how poor/stupid people treat money. if i could round up 25k i'd start a small business with my "talent" that i'm so proud of, or at least invest in some certificate courses, training, and spending on myself while taking time to network anywhere that i find opportunity. this guys dream is to risk his family on gambling with other peoples money at a computer all day.

there's like two layers of flat out lies here. nobody would buy that this is for anything but a gambling addiction if it was even real, but i doubt anyone will buy that he's even going to trade with that money.

>>1195926
>b-but i could go to da mooooon!

its all about the dream anon, that dream of hitting millions in a year sitting on your ass. thats why people still buy lotto tickets and try to martingdale it up at the roulette table.

>>1195845
you don't need 25k to trade futures contracts. plus they trade 24hours a day for most indices. there is no round trip rules and there's alot of brokers out there that let you trade the s&p minis for as little as 500 a contract. with 1 point moves you put away 48 dollars a contract. that's ten percent every time. with a steady responsible risk management plan and strategy you can easily bank 5,8 and 10 points a day. that screenshot shows thinkorswim. they charge too much for commissions and offer shitty margin rates, but its a nice platform to play with.

good luck traderbro.

>>1195845
My dad wants to give me 5K to trade with, should I keep using Robinhood?

>>1195930
ya but everyone has that dream and a lot of people throw a little here and there into the toilet for a chance at ez money. that might be explained by a sense of entertainment. but how much of a clown do you have to be to live paycheck to paycheck and your relationship with money is that if you had some, you could magically turn it into more?

>>1195945
Looking at Interactive Brokers right now,
$.005 per share a trade, seems too good to be true?

>>1195945
That's not a lot. You could use tradingview to come up with trades and then trade on robinhood.

>>1195945
yeah, a brokers only function is to execute orders. you should be doing your own research ahead of a trade and know what youre going to do before you even enter it. the platform you use should only be used to execute.

>>1195982
Thanks for the tip senpai

OP here. Never thought /biz/ would react this way. You do realize there are people who trade for a living right? That its not actually gambling if youre not a meme playing retard like found in these robinhood threads? I could easily turn 25,000 into 100,000 in less than 2 years and then quit my job. Thats less of an investment than a 4 year degree. I genuinely thought /biz/ was smarter than this

So far in this thread i was told that 200% in 4 months was not impressive then that .3% was not a sustainable number. So which is it?

>>1196054
There's a group of us that trade on here, anon. Some of us have made decent gains but some of us have lost a lot of money (like me).

The thing is, there ARE people who make money through swing trading. Just like there are people who make money on options, forex, futures, daytrading, golf, and owning food trucks. It's just about how much time and dedication you want to put in it.

>>1196062
Go to robinhood General and ask about our slack group.

>>1196062
If you can keep any decent returns in a consistent manner (drawdown <10% and a sharpe ratio <1) during enough time and through several market conditions, people will beg you to manage their money in prop trading firms.

Most aspiring traders will never achieve any consistency, be it of 0.5% monthly or 10%.

In my country we need to achieve over 0.9% monthly just to account for inflation and taxes.

>>1196092
Oops, I meant a sharpe ratio >1.

>>1195916
You forgot about the $10k/mo subscription to bloomberg term.

>>1196098
Whats that

>>1196108
Subscription to bloomberg data feed.

>>1196116
What does that do and why would you need it to trade

>>1196098
Completely useless. Your better off spending money to get market Delta and footprint chart data and using that. In todays age of hft trading off news is to slow and understanding the auction principal is far superior.

I've been trading for 10 years now.
I started with penny stocks. Realized they were all complete pump and dump scams and found if you weren't in the chat rooms front loading it. You were left holding the bag. So I started shorting these hot stocks. After that got old I moved on to options trading. To the guy you asked About how many times have you made over 100 percent returns? I've made 1000 percent returns more times than I could count. I've also lost 100 percent on those as well. Decided that the risk with them was far to costly. After making 10 and 15 grand overnight on bio stock plays then losing 5 and 6 grand shortly after I moved on still hunting for similar leverage with less losing plays. That's when I found and have since been trading futures. Anyone interested in trading should skip stocks and options IMO and learn about futures.

I currently use apexfutures to execute my trades. Tos for t/a charting and Sierra chart for volume profile/footprint charts.

Do your homework, start off small with 1 contract and build your own metbofs. With time And practice anyone can be successful at this. Just be prepared to dedicate yourself to it. You won't get rich overnight, and if you do. Your gambling not trading.

>>1196054
Why should I give you NY money so you can trade stocks and make profits for yourself? Seriously why the fuck would I do that? Or let's say you loose it all by getting reckless? Either way its a loss to me dummy.

>>1195845
Real trader here (Corporate). Margin accounts are for leverage. (Google financial leverage.)

Leverage is for "alpha". (Google financial alpha.)

Margin accounts will introduce you to "negative gamma" real fast. (Google financial negative gamma.)

In easier terms to understand, margin accounts, as opposed to plain vanilla accounts, are like 4-wheel drive vehicles. They will get you stuck in even more dangerous places more often than a 2-wheel vehicle.

>>1195905

Dude what are you talking about? If you put up 25k worth of risk you can get several times that in buying power because the broker knows you're not going to lose 100% on a trade. Or OP can go to a shady prop firm and get leveraged 10-20x in exchange for profit split

>>1196604
Thank you for actually contributing to the thread instead of just posting that trading is impossible

>>1195845
>I think Im a really good trader I just dont have a big enough starting capital


Everybody in this industry does... but here's the thing: If you're such a good trader, why don't you extract your own seed capital from the market?

>>1196804
Trading is impossible. Also if you succeed at the impossible nobody will be impressed here. Lol /biz/ is a fucking joke