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/biz/ - Business & Finance

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Advice Needed. Anonymous Mon Sep 2 12:07:10 2019 No.15465649 [Reply] [Original]

Started acquiring some coins recently for fun / something to do, not expecting miracles this early in the game in regards to profits ($100 in 2 days from a $1000 investment and with no prior experience isn't bad), but I am confused about a few things mainly in regards to building your balance and making decent money, as I'm going to get bored pretty quick making $15 a day.

1. Should I be hodling these coins instead of day trading? or should I just be daytrading with more money to make profits higher? E.G $1500 a trade instead of the $150 I'm putting in currently.

2. I understand stop loss, trailing take profit / trailing stop loss etc, but what confuses me the most is when to sell, I seem to set a profit market of around 10-20% for day trades but it doesn't hit that, and just goes to negative or down to 5%, how long should these trades actually take? A day, a few days? Should I just make my profit percent targets I want to hit lower to be safer?

That's about it, but any advice on building your bank without being super risky is appreciated.

>>	Anonymous Mon Sep 2 12:08:59 2019 No.15465665 DIDN'T READ, BUY LINK

>>	Anonymous Mon Sep 2 12:10:36 2019 No.15465681 >>15465665 I already have, this is just coings on my Binance account, Link / ETH and BTC are bought and hodling on my coinbase account.

>>	Anonymous Mon Sep 2 12:11:40 2019 No.15465692 coins* sorry.

>>	Anonymous Mon Sep 2 12:21:13 2019 No.15465779 anyone care to help? would appreciate the advice.

>>	Anonymous Mon Sep 2 12:22:15 2019 No.15465787 i already told you to go all in link yesterday, i am no pajeet anon, read this thread: >>15463215

>>	Anonymous Mon Sep 2 12:25:43 2019 No.15465813 >>15465787 I already have £100 of link and will buy some more soon, I want to diversify my portfolio, not just focus on one coin.

>>

Anonymous Mon Sep 2 12:31:16 2019 No.15465859
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>>15465813
ok then. just understand that link is by far the safest bet and that there are a huge number of scams in crypto and ftm, dusk, and i dont know what other shitcoins you had in your coinbase account look pretty scammy to me at least mate. but what do I know, its already your second day in crypto now no? youre doing fine my little investor

>>

Anonymous Mon Sep 2 12:34:48 2019 No.15465884

>>15465649
take out your $100 of profit now. keep $1000 invested. never put in more than you're willing to lose. if you "get bored" of making $15 a day remember that that's $4500 extra a year that you're making. do research on different alts etc and what gives them value and invest some of your profits into the ones that you feel are strong projects over time

>>

Anonymous Mon Sep 2 12:37:00 2019 No.15465899

>>15465884
i would alter this and say consider putting your profits straight into btc because when the halvening hits the likelihood of the price mooning is pretty high and you'll be happy you DCAd into it. but again, dyor and don't trust one post on a russian sheep herding forum

>>

Anonymous Mon Sep 2 12:39:02 2019 No.15465919
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>>15465649
OP, how do you not know about quantumbro? Pic related.

t.me/quantuminvestmentgroup

He's a frequent poster and savior to /biz/

Praise kek the fucker isn't a pajeet or joo.

>>	Anonymous Mon Sep 2 12:39:31 2019 No.15465926 >>15465649 is that 3 com*as? how are you selecting your trades, is it based upon their recommendations, or are you using their bots? you shoud be using their trailing profit function to maximize gains, but be aware they skin your trades for fees.

>>	Anonymous Mon Sep 2 12:44:01 2019 No.15465953 >>15465926 I've been picking based on advice from friends, people here and using articles I find, correlating twitter posts etc, fee's do seem high yep, especially if profits aren't massive.

>>	Anonymous Mon Sep 2 12:45:04 2019 No.15465959 >>15465884 Appreciate the advice, thank you. You think BTC will half from 9.5?

>>	Anonymous Mon Sep 2 12:46:15 2019 No.15465968 so you are literally buying every coin shilled on biz

>>	Anonymous Mon Sep 2 12:49:12 2019 No.15465995 >>15465968 not really, apart from btc & only other coin I bought because of biz was link when it went down and everyone was freaking out.

>>	Anonymous Mon Sep 2 12:52:27 2019 No.15466027 You seem to be forgetting short term cap gains tax goym

>>

Anonymous Mon Sep 2 12:56:37 2019 No.15466063

>>15465953

well to answer your basic question about not realizing maximum profit, assuming you've picked a winner: I experienced much the same type of doubt when I used to use them, but I eventually realised that it is arbitrary anyway. I mean, even if you have set your desired TP price at +15% say, but its taking too long or looking dubious, just close the trade, take your 7% or whatever and move on.

Also I would ask yourself these questions:
>have you seen the soiboi that runs the channel?
>would you put your faith in a geek like that?
>does he strike you as one of the lads?

Its an alright site for a beginner, but its offering nothing you couldnt do for yourself manually, and more efficiently, on your chosen exchange.

>>	Anonymous Mon Sep 2 12:59:03 2019 No.15466085 >>15465919 anybody use this channel? is it worth it? ive never paid for cryptio advice, but it would be particularly galling to pay sats for the privilege of being shilled upon.