/biz/ - Business & Finance

>tfw finally learned how to trade profitably after like 3 years
>at least 6 months of huge volatility incoming
i'm gonna make it 100% frens...

>>22025461
>IYKYK

>>22025533
Hey currently trying to learn, would love some advice...

>>22025533
How do I trade profitably?

>>22025461
What do I buy

>>22025461
You know August has 31 days right?

>>22025533
Wow did you manage to long?

>>22025615
>>22025617
advices for newfrenss

1. don't, just buy and hold

but in case you want to spend the rest of your life looking at charts, then here are some tips:
>don't put more than 100$ in your trading account until you can consistently make profits (aka at least 2 years)
>never trade on a strategy not created from scratch by yourself
>less long-terms trades are better than more short-term trends
>more then 5x leverage is the JUST zone
>learn to code alerts/backtesting strategies, it's cheaper in the long terms than commissioning the to pajeets
>always think about the price in terms of the logarithmic scale
>trade a lot and lose a lot of money. the more money you'll lose the faster you'll get desensitized to drawdowns, otherwise you'll do dumb shit and fuck everything up

>>22025943
Thanks for the advice! Points one and seven seem to conflict a bit here

>>22026006
i meant that you put 100% in your wallet, trade with them, then once you are justed and lost -90% then repeat the procedure. i lost around 1k by doing this, excluding all my other dumb financial choices

>>22025461
ready for the bull

>>22026039
>100%
100$, also i "mean a lot of money" thinking logarithmically of the 100$. 90% is a lot

Am I doing it right?

>>22026039
>>22026080
I see that makes sense. I've been following RSI and ADX and it seems like that is a decent starting point for a strategy, but I've joined various telegrams and they always post charts with a ton going on. Is it necessary to learn all of that?

>>22026006

Here's another advice:

>Don't listen to random anonymous idiots on 4chan

Instead find the experts. This is an information and acting on information game.

>>22026210
>RSI and ADX
already priced it, but could be usefull combined with other stuff

>charts with a ton going on
priced in and memelines, don't bother, especially with crypto

but in general, learn more things possible about trading and then learn from your mistakes. i can trade using ichimoku, elliot waves, chaos theory, turtle strategy, td sequential, etc... but i don't because i tried them and saw that they don't fit my metality as trader.

you need to find your own thing if you wanna make it with trading, there's no other way around it

>>22025622
BTC, ETH, LINK (FUCK XRP) for safe HODLs, or if you want to do more trading/diversify RSR, PNK, YFI+clones, other shit that gets shilled here but isn't a scam (research it yourself)

>>22025461
>Morning of Sept 1
>Everything is in the red
Kek

>>22026225
but paradoxically, anonymous idiots of 4chan are great to make gains off of/measure hype from

>>22026210
Know any friendly telegraphs for stocks? I chat with my friends but we are all beginners, just tell me what to look into

>>22025622
Dont buy XRP if you wanna remain a slave.