/biz/ - Business & Finance

>>21842974
fuck off irs

Do you need my social security number now or later?

>>21843004
Your dedication is about as firm as wet cardboard.

>>21842974
>10k starting capital

>>21843044
Literally just posting your positions as a screenshot. Competition can make you better.

>>21842974
>want to play a game
>dedicated threads
>no tripcode

>>21843054
I think that's a fair amount as any amount of downside on the front-end could still be usable with decent risk management.

Also, with something like 1k, I'd expect some anon with 2 decent options yolos to get an 'undeserved' win. Probably most people won't treat 10k like it can be thrown in the bin.

>>21843224
I'll do that for the actual threads. ty

>>21843313
I'd like to play maybe in the next edition. I'm off because of covid, and I have free time. Where did you learn, op? I'm ready to spend 8+ hours per day studying.

>>21843313
Should start now in this thread before it dies so you have something everyone participating follows your threads and what you post.

>>21842974
I would love to watch this unfold, but I'm too risk averse to play a game myself.

>>21842974
Please teach me I know there's people actually making consistent profits just by discretionary trading and I know its hard as fuck and most fail but it drives me nuts to not understand how people do it after 1 year of study,practice, and research

I would join a similar competition but to find the worst trader

Im in, but instead of 10 k can we make it 100?

take me under your wing, when i make it i'll believe you

>>21842974
unironically could turn this into a neet version of fantasy football and make a good profit running something like that

bump


no homo

>>21844068
I'm down for this lol.

Can any of you even pose a threat to me? Is there anyone else that thinks they're even half decent at trading?

Surely there must be at least one other trader here with blood that runs hot, thinking they're the best.

Where are the other richfags? Sunken into the sofa, glued to the TV? I'm trying to offer you a chance to get in touch with reality and better yourself. Show the small fries how it's done. Prove to yourself that you've still got it.

Challenge me, motherfuckers. Stand your ground and post your positions. You think you're good? By the end of September, you'll be the defending champion or the board's laughing stock.

>>21844751
What else are you good at? You need to be excellent at 3 things or you're a nigger

>>21844068
this is a good idea

>>21844751
There are no traders on this board, and will never be.

>>21842974
I'll play friendly game. Do you want to do biggest percentage of gains in 1 week using 1 ETH?

>>21844751
Don't care at all faggot. You can have the imaginary biz crown and blow yourself. Just post your positions for me to copy.

>>21844828
Brah poor selection criteria:
>stealing
>getting gibs
>not paying child support

Bonus:
>lying

>>21843637
>>21843466
>>21844027

>>21843466
I ate s*** day in and day out, started with steam marketplace, got a good understanding of basic market strategy and most importantly market manipulation. Then move to crypto where it was basically the same thing but at scale. Finally, moved to options trading where I've been spending the most time lately.

I think options are the way to go if you want to become a good hands on trader. I recommend TD Ameritrade's education section and their thinkOrSwim platform. You can do something called paper training where you have fake money on an account and can trade real time alongside the market.

It genuinely comes down to time studying the market and understanding what other traders want. It's pure psychology, everyone in the market is acting in their best interest and it's your job to see it through bouts of fear and greed.

You guys really want to make it? Do you dream of being able to never work for anybody else again? Dedicate your life to it. I know it sounds like stupid bullshit but once you understand enough about economics and finance you'll practically be able to see the future in some situations. Most of you won't do this, actually probably none of you will, but the answer to financial independence is simple: You have to consume as much data as possible about money and investing. By the time you're ready to start you should know more about money/investing/finance than anyone you know and anyone you've ever heard of (other than the superstars like big hedge fund Managers/Warren Buffett). I spend sometimes 12 hours a day just reading about current events and watching the market.

You basically live as a filter feeder absorbing little opportunities when they come. I don't think it's a glamorous life but it's better than eating a shit right out of your boss's asshole for 40 years.

Lotta typos punching this shit on my phone between crappy voice to text. Paper trading with ToS anyway.

>>21842974
bump for interest

>>21844954
>>21843580

I don't understand what's going on, are you guys on life support or something? It seems like this place doesn't even have a pulse. Where the fuck are the people who want to be decent traders? Where's the hot blooded rivalry that you see in movies about Wall Street? Have you been none of you guys had a trading week that makes you think "I'm the man, I'm a killer, I'm unbeatable, untouchable, none of these idiots around me are even near my level"!

It's like a drug, and after being exposed to it for a while, you become numb to it. I want to feel it again. I want to share it with you. I'm trying to offer this feeling to you on a silver platter.

Win or lose, you will feel competition, the threat of humiliation, the shame of bad decision making, and you'll feel more alive. Failures make you better!

>>21845309

>Implying 95% of people on this board aren't complete failures

>>21845309
most of this board don't have the 10k starting capital. i do, it's just in Link and I'm never selling

>>21842974
What do you use? Indicators? Candlesticks? Tell me, o wise one.

I started with around 3k and I'm under 1k now
I don't think I want to have a competition of trading

>>21842974
do you work at a clearing house tape reading or something? this guy i know can literally get every single candle right

>>21845309
most people cant be traders even most "traders" arent real traders

>>21842974
as long as we keep it all legal, and make sure to pay all of our capital gains taxes on time, and hide nothing; I'm down to participate.
I first bought BTC under $50 USD and have been vehemently studying trading and all tangent discipline since 17'.
Not to sound like a faggot, but like you previously stated the more information you consume the better, and maybe we could share a thing or two, as you resonant more than just 3 MA's and RSI kinda guy.

>>21845427
There are no hard rules. It's all about remaining agile and managing risk. Calculate upside potential, calculate downside potential, have a feel for your level of confidence and pull the trigger.

>>21845553
No, I don't. I used to be in software development but I'm very young relative to my trading experience. I'd like to know more about your friend, is he allowed to trade independently? Does he do well? What's his mentality when it comes to risk? Is he a good person?

>>21844875
Thanks for the interest but I want to get competitive with options more than anything else, and I don't think that'd be very interesting with that amount of capital. I'd basically just throw it at some random shitcoin that's just catching hype but I wouldn't have done that at scale so it's irrelevant. Crypto right now feels like slow boring hype bubbles that are skill-less to invest in. My crypto portfolio is 65/35 ETH/Link. Considering OmiseGo but I need to catch up on what they've been working on since I last read about them in 2017...

>>21844717
Sweet

>>21844068
>>21843580
>>21844846
>>21845253

Yeah, I think it'd be fun.

>>21845363
Based

>>21845799
I appreciate the eagerness to exchange ideas, I feel the same way. I wish I'd had a mentor that was a pro or a current 'real' trader that could give me some insights into optimizing my strategy, but unfortunately (kinda?) I don't know anyone with more experience that I can reach out to.

Also, fuck capital gains, I have 2 CPA's researching options to mitigate my liability. I was already taxed on the money when I earned the money to invest, and I'll be taxed when I spend it on goods/services. Fuck getting taxed in between for no reason.

>>21842974
I'm game if you provide the capital, except we go to November 4th.

>>21845309
>Where's the hot blooded rivalry that you see in movies about Wall Street?
permanent ego death from years spent on imageboards and wagecucking for narcissists
i'll join this challenge but will probably make less than 5 trades, good luck to all

>>21842974
Show me the fucking way then guy

>>21846220
This is what I was afraid of. I feel it creeping as well and I'm constantly trying to keep total apathy from overcoming me.

I hope you participate and I wish you good luck!

>>21846334
I may play if you make a trip code, but since I have plans with my various investments how about we use the percentage gained

>>21846334
This sounds fun but I am poor anon. Sorry.

>all in 10k on tesla
fight me faggot

>>21846542
Maybe 10k in well-timed FD puts...

>>21842974
I'm in. Is yield farming considered an algorithmic strategy?

I JUST made my first 10k so I can't yet but I will take up your advice on learning for now

>>21846475
>>21843224
>>21842974

Here's a tripcode. Never used one of these before but I can use this consistently for these threads.

>>21845309
>Vague platitudes about 'spend time studying'
> ON A SILVER PLATTER

You, and everyone else on here, are retarded.

>>21846602
No, I don't think that'd be considered algo. I haven't seen this strategy before unless you just mean something like lending through some provider that's automated the process.

>>21846698
Keep using your current strategy with the 10k. You may still come out on top

how much money have you made and how old are you?

>>21846785
heres what you do, you seem pretty good at advertising yourself. you post ur positions and beat out the rest of these neets, after you "win" you sell a course where you shill these coins and you pump and dump on these stupid degens. thats a free tip for you

>>21846707

Have you ever worked at something and succeeded? Have you ever worked towards something and failed? It's about the journey, as cliche as that sounds, and I'm happy to compete with anyone. I think it's rewarding either way.

Yeah 'studying' is generic. The short list is:
300+ hours trading CS:GO skins/steam items (surprisingly a great source of trading fundamentals)

~200 hours spoon-fed financial education independently and in college as a business major, learning accounting, personal investment, money/banking, etc. (these were pretty much useless as I didn't care at the time and basically cheated on everything)

750+ hours cryptocurrency sentiment analysis on 4chan/reddit/youtube

150+ hours independent study of cryptocurrency, mining, safety, network architecture, partnerships, all the actual fundamental stuff. To be honest most of it went over my head but I still forced myself to read whitepapers and such. Even sat up late for many live streams of events for projects I was following.

400+ hours on options trading education through reddit's /r/options, /r/wallstretbets, /r/thetagang, youtube on the tastytrade podcasts, SMB capital, sasha evdakov, tdameritrade's education section (completed all 3 options courses, as well as participated in a few 1-1 platform demos), and physical books like 'options as a strategic investment'.

600+ hours general financial education free-form through /r/investing, /r/personalfinance, /r/economics, /r/financialindependence, etc. as well as books like 'aftershock', 'financial markets and institutions', 'black book of income secrets', and 'technical analysis of the financial markets', and a few I'm forgetting.

50+ hours on tda's papermoney in thinkOrSwim trading simulator.

hope that if you were looking for study material you can find a few you like here

>>21846698
man same boat ): i want to play but 10k is everything i have, i may just cause im early twenties and yolo for the first time, but this is a terrible time with elections coming up and uncertainty and extreme volatility coming for the next 75 days

>>21847171
anon i dont trade options, but ive been scalping btc since 2017. i think i can hold a candle to you lets go

>>21842974
are LARPing tripfaggots invited?

>>21846894
How much:
somewhere between financial independence and 'owns a few supercars'


How old:
25ish

>>21847003
I used to be that kind of person but I try to be a decent guy now. I think I'd like to open my own hedge fund someday, at least at that level you can compete with other funds. RN I feel like I don't have a target to beat. I just want to beat someone else!

>>21847237
bitmex degen vs wsb degen
aight lessss gooooooo

>>21847171
>t.

>>21847237
I'd love to see you try, haha! keep in touch on Wednesdays and Fridays.

>>21847285
It'll be obvious how peoples' positions develop over time. Even if people larp they'd have posted positions and that's still picking good trades, I guess.

>>21847188
Choppy waters are good for us! Keep your current positions but play along anyway. Who knows, even 10k in cash could beat everyone :)

>>21847237
heres an SS of one of my bitmex accounts

Jesus Christ faggot, relax. You're investor number 57754357743 to think he's a genius because he's making money in a bull market.

Zoomed are so, so retarded

>>21847398
This is killer! Good job bro, seriously. Never tried intra-day scalping but you seem to have an eye for it.

>>21847237
>>21847398
explain scalping pls

>>21847427
Suckle the rim of my asshole, you cretinous wannabe.

>>21847398
what'd you start at? is each trade just the same balance carrying over or are those separate trades?

>>21847433
maybe make it 1k so more people can get involved, you know biz is poor af right?
and fuck all that ta shit, its better to just go all in on one coin/ stock and just pray that it goes up maybe 2x or 4x then rinse and repeat. you do research inbetween finding the project that you want to invest in a its that simple. just curious how much do you think you could make in 1 month from a 10k investment? this thread reminds of me old biz

>>21847490
As simple as it sounds, you buy low and sell high. Scalping is usually associated with very short time periods, think seconds or minutes between entering and exiting. Typically you watch for small movements downward and watch for a reversal pattern with volume decreasing/candles/both to buy, then opposite to sell.

>>21847490
really quick trades on small time frames. i trade mainly the 3min and 15min. sometimes my scalps turn into swing trades
>>21847503
0.2btc in that SS

>>21847611
thank you anon that was a better explanation

>>21847502

How about you give $1 for every dick you suck this month OP. Then we will use that as starting capital.

how much did you start off with, how much do you have now, how long did it take, and what type of trader are you?

>>21847299
This thread is intersting and I hope you're legit. Prove your wealth with a timestamp.

>>21847528
Biz must be the richest board following /sci/, /g/, and /tg/ but that's only because they have a lot of old nerds. We must have created like 500+ millionaires in the last 3 years and probably a third of those are under 25.

>>21847611
>>21847616
thank you, I'd like to do that, how profitable has it been? don't you need quite a bit to make money in small movements, or do you make up for it in volume

>>21843637
They're really not. Not more than simply holding good companies. Especially for the amount of time and effort invested vs simply holding.

>>21842974
Mentor me

>>21847721
what have you learned from biz and how can i learn from biz?

>>21845097
This. when I realized that I was going to be working 12hrs a day in a corporate job and 40hr boomer weeks were a meme dream, I decided to rough it on my own. If I’m gunna have to work 12 hrs a day, might as well do it for myself. Made less at first but at least I had my freedom

>>21845097
>just learn how to trade bro

>>21845097
I only just got into day trading and downloaded think it swim over the weekend to try paper trading. I don't have enough money to get over the PDT rules so I was considering starting with an offshore account. Hit a wall today when I tried to use thinkorswim and the live agent said I needed to deposit over $500 before they would enable real time level 2 stock updates.

So you think options are the way to go overall? I was mainly looking at scalp and swing.

>>21847611
How much money are we talking here? How much on average do you use for your scalp trades?

>>21847731
i suggest starting with higher tf swing trades. get an understanding of how price moves, why patterns form and then try scalp. i don't have a large amount of capital but im still profitable in terms of percentages ( which really is what matters)

and yes scalpers do alot of trades, for example when i did 0.1-1BTC it took around 400 trades in about 1.5 months.

>>21847737
Options can practically be free money printers. Check this out:
https://www.reddit.com/r/options/comments/hfc4ce/intro_to_the_wheel_strategy_for_beginners/

>>21847765
I'm still teaching myself full time, sorry bro. The best you can do is teach yourself if you have the determination. If you don't, you wouldn't have made it anyway.

>>21847770
more than anything biz taught me how to detect shilling. I can filter to good info crazy fast when I'm doing any kind of sentiment analysis. It's easy to tell who's being genuine, who's trying to dump bags, and who you should milk for information. I love biz and I feel I owe it a lot. I think the quality has gone down quite a bit, likely the best researchers have already made it and left for good.

You can learn from biz by simply sponging information. There's still a lot of great content to absorb. I try to check out every thread before I go to sleep each day.


>>21847790
Based, what do you do now?

>>21842974
>start August 31st with $10k starting capital (to include hopefully as many people as possible)
where do you think you are?

>>21848040
any suggested reading, I don't really know much about charts and signs, I've only made money gambling on Trump and investing my winnings in some solid cryptos

Sure, I'll join.

>>21848040
What exchange do you use for crypto scalping? Looking for really fast update times and low commission

>>21848102
https://twitter.com/CryptoCred/status/1281533292173496321

go through this and read his studyguide. good place to start

>>21848058
Protips for shill detection?

>>21845812
yeah the clearing house he works for would give him 8 figures to play with while they frontrun orders and stacked books he was telling me that very few people can trade its basically a handful of super smart nerds who can tape read and identify real buy and sellers who are prob also other nerds playing around with 50m a different clearing house, hes a good dude

>>21847903
The $500 is well worth the education and platform, and you can withdraw that money later.

I do recommend options.
I know that I can make a good amount of money forever as long as I have the ability to trade options. In my experience, scalping/swinging are much more purely skill, and I can't consistently perform those nearly as well. Options take advantage of some specific market intricacies you may not have noticed, and strategies can be statistically consistent.

If I could only recommend 1 thing for each investor level (after maxing out 401k if employer matches contribution):
Simpleton: buy sp500, don't think about touching it until retirement
Amateur: 60/40 spy/QQQ
Intermediate: Hold 3-4 blue-chips and sell covered calls, keep 15-20% in aggressive growth potentials like Ethereum. Personally I'm bullish enough on ETH/Link to own them.
Advanced: Sell naked options and closely monitor risk. Compare dollar strength to metals, crypto, and blue chips to see what's weak and oversold.

>>21847996
I'm not that scalper guy buy he said .2 btc starting so >$2k atm for that string of transactions

>>21848058
I don't consider selling covered options to be outside of the buy and hold strategy. There is still some risk involved but it's better than trying to time the market.

>>21848114
Sweet!

>>21848216
You'll feel some amount of desperation, I guess. Often the person will not understand fundamentals and will avoid hardball questions.

>>21848224
I think this is absolutely fascinating. I guess his house studied flows from major funds and were able to take advantage? These terms seem older btw, I'm guessing you/friend are in in your 30's? Any idea how much he makes and how he got into that line of work?

>>21842974
OP I think you're under the mistaken impression anyone cares. What do I get out of you being a good trader? Let's say I win, then what? Whoo, I just risked small part of my portfolio and more importantly a lot of time to compete with some guy on the internet that wants to mentally blow himself

What I'm getting at here; is there a prize? Well I guess that wouldn't matter too much because we'd be making money but you see my point. In any case I'll be interested in spectating and gaining more knowledge on trading if you're offering that for free

nice job anon. if I commit myself to learning trading about how many hours in will I begin to become profitable? right now i just hold LINK, pretty good deal but boring desu.

also, do you have an email, TG, or something else where I can ask you some of my dumb questions?

>>21847171
>guys i spent over 9000 hours on plebbit
>IM THE REAL DEAL!!
lol kill yourself go back

>>21843722
This would be more entertaining

>>21848757
He posted earlier that he has spend like 2000-3000 hoursblearning the trade