/biz/ - Business & Finance

>>12586952
What’s going to be your method of suicide?

>>12586979
Heroin overdose definitely

>>12586952
What do you think of investing in lithium? I seem to like stocks that are otc and in lithium, all small enough (market cap<50mil at penny stock levels) and just volatile enough (+/- 5 to 6 cents at half a dollar every week or so) to make life interesting but not suicidally so. I buy less than $10k (usually $3k-5k) of stock to hedge as I still can't trade options yet.
Also otcmkts in general, what do you think?

do you believe you have an above-50% chance of beating the market?

>>12587013
I bought tsla at 60 in 2013 sold it at 80. Bought a lithium mining junior play in 2014 at 0.16 sold it at 0.22 stock then ripped to 3$ and now it's a bit cheaper. It's called nmx.

The place I was working at some traders were actually market maker on a bunch of otc stocks. They could hold at a loss longer than you, have privileged access to private offerings and can coordinate dumps on you if they see you building up a big position and wanna shake you out. Even then it's just one way to play thearket and these guys weren't amazing traders since I was at the same office I guess but it gave them a living.

Otc markets you can find a lot of opportunities if you wanna research companies but if you want big gains I'd recommend CFDs on stocks and futures. The lack of liquidity is what kills you in the end with otcmkts.

>>12587049
In certain conditions yes. I do super well with paper accounts. I can't manage my emotions with real money, use too much leverage, overtrade and revenge trade and I'm in a bad debt spiral.

>>12587064
>They could hold at a loss longer than you, have privileged access to private offerings and can coordinate dumps on you if they see you building up a big position and wanna shake you out.
Ok this is something new to me, how do they do this? I remember buying lqmt inthe spring of 2013 and holding it for around 4 months before it shot up from 0.05 to 0.32 in July, JUST kicking myself for having a sell order at 0.09 and missing the massive gain, had about $600 invested as a test run.

>>12586952
>AMA.
At what point do you realize you're the same as the guy spare changing in Vegas for one more pull on the slot machine?

5 years of losses? You're not a trader, you're just good at throwing money away, and now you're going to take out a Federally backed loan that you can't BK out of?

At this point, it would be a better option to switch your addiction to crack or meth. At least you'd get high.

>>12587112
It's a small market and most players know each others. At the same time they're all trying to rip each other off as much as they wanna take your money so it's not that much of a news... Opportunities are there everyday in the market especially with all the tools available even as a retail investor now, don't beat yourself too much and remember the key is not to lose money. Missing a shot is better than a loss.

>>12587170
I've been learning a lot and I'm more mature now than I was 5 years ago. I gave some great tips to a lot of people around me and created some relative wealth to some of them and took a lot of time to educate my "friends" about the markets and investing. That was dumb and I shoulda asked for commissions.

I still can't be disciplined and I'm fighting a lot of psychological issues when I'm trading with live money. I'm working on it.

Losing 30k$ on 2 million is 1.5% that's pocket change and doesn't make me a bad trader. I'll probably go bankrupt, graduate save 40k and try at a prop shop again in 2 years in the worst case scenario...

It was harder working on a prop trading desk than trading by myself. I had to vet all my trade by my manager and I got stopped of multiple good trades by him. He wanted us to focus on one or two stock and market make on them and my paper trading option style was more based on market cycle between industries and cycling between companies in a sector based on their debt ratio.

I gave the guy a lot of good advice and made him money with my tips which is why he is grateful for my help and let me have bigger losses.... I'd be interested in working as a market analyst but I dont have the discipline or the time to do clear weekly written market reviews and do the appropriate marketing around them...

>>12587254
This level of dellusion is unreal. Dude just pointed out that you are taking out a federal loan to enter more high risk positions.
Your "system" doesn't matter. This is financial rock bottom.

Fuck u all acting crazy about. It's 2 fucking grands and it's not at the federal level in here I could move to fking Vancouver and start over or go get a job as an expat in any country when I graduate.

>>12587284
I did get diagnosed as schizophrenic fwiw so that's probably the delusional part

I'm gonna set up a small website and gonna post my trades on it. I'm still not sure what broker to use...

Best I could find for now gives 50% bonus but I gotta monitor their charts for a while to see how they wanna Fok me up.

I want at least a 1:300 leverage to start which would gives me a 0.3% margin of error on the Nasdaq and it's stuck in a nice range heading lower to retest the lows sincE yestersay. Hell I'd start that trade right now but I'll probably have to but the retest by the time the loan and my accounts are setup

>>12587309
>I did get diagnosed as schizophrenic
Fuck dude stop NOW!!!!
>Be 80k in debt to market
>get a federal loan for 2k
Unironically thinking you can make it all back!

>>12587376
13000/300=86666/2000
and that's without the 50% bonus
hell it's as if I already did it fuck face.

I'm in debt to my dumb ego not to the market

I need not to celebrate my winnings so I stop to get affected by my losses.
I need not to celebrate my winnings so I stop to get affected by my losses.
I need not to celebrate my winnings so I stop to get affected by my losses.
I need not to celebrate my winnings so I stop to get affected by my losses.
I need not to celebrate my winnings so I stop to get affected by my losses.
I need not to celebrate my winnings so I stop to get affected by my losses.

>>12587420

>>12586952

So, I have a lot of things to ask.

1. Which country are you from, op?
2. Why CFDs instead of proper stuff like futures?
3. How do you manage position sizing exactly?
4. What account sizes were you trading and with what kind of outcome/success/failure?
5. How old are you?

Wow...a good trading thread for once. Thanks OP. Who do you use as a broker? How do people get into what you're doing?

>>12587254
you sound deluded, seriously read what you wrote, everyone you "gave advice to" is successful, yet you yourself are not. Maybe it's not your advice that's helping people, maybe you just want to take credit for their success? People probably humor you or be polite when you give them advice, but instantly discard it after realizing you're a retard.

You sound like an addict, one of those degenerate gamblers who loses $100k, then wins $2k and brags about the win despite being down overall. It's pathetic, you aren't the Wolf of Wallstreet no matter how badly you want to be, seek therapy.

>>12587525
1.Canada
2.Margin requirement are lower. I'm thinking about setting an account with oneuptrader or topsteptrader instead
3. huuuh the "right" answer would be that I try to size it appropriately according to economic events, realized, implied and estimated future volatility.
4. A 2million gamma scalping portfolio, lost 30k$. 2x20k$ I blew up with leveraged ETFs over 2 years. 2x10k$ CFDs accounts loading 500-1000$ paychecks. A 35k$ weekly option account I blew up in 6 weeks.
5. 24

>>12587570
Follow the market and try to show interest. People gonna loan our money. REMEMBER TO TAKE YOUR COMMISSION FIRST then you can start trading.

>>12587582
You can't deny that he knows the mechanisms of trading. He might not be a winner but you can still gleam wisdom from the dying.

>>12587597
How did you even find people to loan you money? Family and friends?

>>12587599
Fuck you I'm just getting started I'm not dying.
>>12587582
I can trade and people followed my paper trade to a success. I won multiple trading competitions on the real market with paper wallet. I however can't manage to get out of debts and be cashflow positive. You're probably a rich 110 IQ I'll forgive you enjoy you're 5 million net worth and toasties.

I'm definitely addicted. Just need to wire it to winning instead of losing. Wolf of Wall Street wasn't a trader he was a broker. I haven't even tried to be one yet. I might pass the exams before I'm 30. I'm not sure if I should give into financial engineering or more into a sales role.

>>12587604
I worked 40k$, family for 80k$ for whom this was next to nothing financially but it was a big cost in trust, dreams and hope. I could ask for 100k to trade again but idk how to clear my debt first and I need my college diploma just to finish with this college bullshit and friends for around 5k$.

>>12587591

6. Are you somehow recording your trades? Are you processing this data to get some ideas about your performance?
7. Besides commissions what are some considerations for choosing a broker in your opinion (aka: How did you choose your broker)?
8. What platform have/do you use(d)?
9. What data feeds do you use and why?

>>12587710
6. I used to when I was swing trading I did well and was positive in my trading until 2015. Then I fucked up with leveraged ETFs and lost 40k over two years. Paper traded and turned 100k to 160k over 3 months then 100k to 180k. Asked dad for 35k and blew it in 6 weeks two summer ago. Meanwhile I blew up the money I made from my jobs on travel weed booze strippers and CFDs.

Ive been trying not keep track of it and just writing it feels strange.

7. Leverage and bonus + available products + do they declare to the IRS and can I register with them with a shell corporation I could create for 800$ in the Seychelles online when I manage to save more than a 2k$ govmnt loan.

8 bunch of secret tool I'm not gonna share if you don't give me something first son

9 depends on the platform. With CFDs broker you have to play their feed and find the discrepancies between them and the actual market price and see if you can exploit it. I'll use different platforms such as thinkorswim, stockcharts tradingview, the CME fedwatchtool depending on what aspect of the market I'm trying to understand to plan my actions

I never tried forex actually maybe I should

>>12587770

>8 bunch of secret tool I'm not gonna share if you don't give me something first son

Huh? How would the information about platforms you use be of any competitive edge type thingy? I mean, it's obvious I was asking for existing platforms, not custom made ones - how else would I be able to evaluate your response (I would not be able to do that in case of a custom made one)?

>>12586952
>I'm 80k in debt cuz I lost everything trading since 2013

>I need to keep my emotions in check. Should I try xanax ?


how about you learn basic risk management before trading you dirty fucking junkie scumbag

>>12586952
I'm into the commodities market more than anything. I hit it nice with palladium. I think platinum is next. I've also been limping into the zinc market.
I trade natural gas regularly. I'm a weirdo that's into the weather and if you know weather you can trade gas. You won't get rich really but you can consistently profit.

Metals are easy to trade if you follow them closely.

>>12586952
AMA you say?
How does one retard like yourself not understand that your profits come from leveraged time in a rising market? Are you a fucking braindead idiot?

You're fucking depressing.