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/biz/ - Business & Finance


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19698514 No.19698514 [Reply] [Original]

98% of daytraders lose money. Why is /biz/ delusional?

>> No.19698526

>>19698514
I actually fucked the girl in that picture

>> No.19698528

>>19698514
Why would you photograph four men like that?

>> No.19698540

>>19698514

Well, the whole casino has been deliberately designed for just that lmao

>> No.19698539

>>19698526
there aren't any girls in the picture though

>> No.19698546

>>19698526
I don't see any girls there Anon

>> No.19698556

It's actually 100% of day traders OP

>> No.19698646

Holy fuck, British women are genuinely monstrous.

>> No.19698754 [DELETED] 

>>19698514
that was me in the left window

>> No.19698761 [DELETED] 

>>19698514
oh nvm, Im not there yet but I showed up like seconds later and fucked the blondes big ass

>> No.19698782

Most day traders lose money because they don’t have a strategy (using technical analysis is not a strategy) so the amount of money they make on a trade is essentially a random number, minus the fees charged by exchange and the bid ask spread. They eventually lose money due to the fees and the bid ask spread

>> No.19698788

>>19698526
>girl
Wut

>> No.19698830

>>19698539
>>19698546
Just fucked another girl in the last 5 minutes

>> No.19698831
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19698831

>>19698526
I did too, all of them actually

>> No.19698883

>>19698831
Respect!
Player gonna play!
Don't hate the player hate the game!

>> No.19698906

>>19698526
I'm fucking two of 'em right now buddy.

>> No.19699392

>>19698906
Thats fine but I fucked them all first

>> No.19699439

>>19698514
>>19698526
>>19698831
>>19698906
Enjoy it while it lasts fellas.

With a turn of my time machine, before you know it you'll be fupa deep in my sloppy seconds.

>> No.19699493

>98% of daytraders
/biz/ is both too low IQ and too IQ to daytrade
A bunch of retards made money simply buying LINK and holding.
Long story short, don't daytrade.

>> No.19699745

>>19698526

>girl
Those are all man desu

>> No.19699762

Gamblers fallacy of focusing more on their wins than losses

>> No.19699786
File: 1.48 MB, 640x800, 1591493232272.webm [View same] [iqdb] [saucenao] [google]
19699786

Keyword is "daytrader".

You can make money swing trading.

>> No.19699805
File: 77 KB, 1562x562, swing trade.png [View same] [iqdb] [saucenao] [google]
19699805

>>19698514
>day trade
NGMI

>> No.19699896

I made money off of Vroom. Cool $1600. Probably lose it soon lol

>> No.19699907

A lot make money, but get greedy and don't realize their gains.

>> No.19700002

>>19699805
What indicator is this?

>> No.19700020

>>19700002
my portfolio performance

>> No.19700218

>>19698526
Lying sack of shit

>> No.19700257

>>19698514
braaaaapppp. also OP i'm not a day trader, I'm a month trader and I trade shitcoins.

>> No.19700485

>>19698514
>98%
where does this statistic come from? everybody repeats it like it's the researched truth

>> No.19700645

>implying that the majority of us are daytraders

>> No.19700677

>>19698514
>forgot to turn off flash
>takes another picture after they turn around because of said flash
OP is a retard faggot.

>> No.19700687

>>19698514
why can I not unsee Ben Shapiro in her face?

>> No.19700691

yo fuckface, if you want to make money on SE, last thing you should be doing is lecturing people that lose it or point the error of their ways to them.

>> No.19700725
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19700725

>>19698514
mfw I'm in the top 10% of the 2% of successful traders in terms of accuracy.

>> No.19700746

P.S. Successful traders don't take money from losing traders, they take money from even more successful traders who were gonna take that money anyway.

P.S.S. Successful trading as a business, is immune to Cancel Culture.

>> No.19700773

>>19699786
Not true. Compound interest from day trading always exceeds that from swing trading....provided you're a competent day trader.

>> No.19701436

>>19700746
>even more successful traders
market makers
and they're crooks

>> No.19701482
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19701482

>>19700773

>Compound interest from day trading

literally what?

>> No.19701492

>>19698782
This

>> No.19701513

>>19698514
That doesn't make sense, where did the money go? Wouldn't about 50% lose money?

>> No.19701522

>>19701513
ever wonder why wall street bankers are so wealthy?

>> No.19701535

>>19699907
yep.
I fell to this many times.
If you just close and accept your losses and your wins as they are, it gets much much easier.

>> No.19701536

>>19700020
I don't day trade and my graph is exactly the same, except im back to 100% and you're 50%.

Stop daytrading kid, it's a meme.

>> No.19701541
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19701541

How much do you all even make?

>> No.19701557

>>19701536
and where is this graph of yours?
are you retarded talking without posting pic

>> No.19701591
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19701591

>>19701541
up 82k this year
...so far

>> No.19701673

>>19701591

There is no point in trying to argue with these poor neets who trade a couple hundred bucks of crypto bullshit instead of real equities.

>> No.19701682

The notion of making a large return in a short amount of time is stupid if you think about it. Because even a small return every month consistently will basically make you a billionaire in 10 years. People who subscribe to this are just taking excess risk typically with a bad long term strategy.
>What happens if your crypto coin of the month goes to 0 and you reset?
>What happens if there is a sudden pump or dump that you didn't account for?
So they are really just degenerately gambling. It might work for 3 or 6 months, but how many of people retain that wealth?

>> No.19701704 [DELETED] 
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19701704

>>19701673
>still no pic
disgusting poor fucker never even seen stock broker webpage
this is who's giving you advice

>> No.19701906

>>19701673
yep swing trade on blue chip only, can't lose

>> No.19701966

>>19698526
Same
Ps I’m black too

>> No.19702018

>>19698906
jokes on you, im one of the girls, and im a guy

>> No.19702050

>>19701966
Same here and I'm Asian too

>> No.19702120

Most retards here are investing and not selling when they make 50% profit, hold too long and sell once it drops 10% of what they paid. Profit is profit.

Also you invest in things that have fluctuated between 10-14 dollars for the last year. They get so invested in that company and read about every shit the CEO takes. All for a kangaroo stock that will only yield them a 3 dollar profit.

>> No.19702179

>>19702120
This. If day traders lose money it's because they're emotional. The shit is always pretty simple. Accept small losses, take gains where you can. Since the market always trends upwards, if you take your gains and limit your losses you always make money. Day traders can make more money by moving the margins of gains and losses around, but really if you just make enough moves to count as a day trader without making moves all day every day it accomplishes nearly the same thing.

>> No.19702226

>>19702179
I frequent like 3 different sites. 1/2 the posts are “hey I have Wells Fargo stock it’s gone up about 20% since I brought it, think it’ll go higher?”

You’re doing short term investing and worrying about long term results. 20% profit is an amazing week if you have several stocks, assuming you don’t have amazon Facebook etc. These assholes want to become rich overnight

>> No.19702256

>>19698539
This female is correct

>> No.19703288

>>19700773
Compound interest is a term used for longs and savings, not day trading.

>> No.19703309

>>19698514
idk why i thought i could win. Bullmarket ill trade again

>> No.19703359
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19703359

>swing trade
>no fees
>dump profits into divvies
>drip
>repeat
git gud feg