/biz/ - Business & Finance

>>22696099
Are you white? Your society and government loathes you. You don't have to morally justify getting out of the rat race fren. But I respect your convictions

What are your goals first of all? Long term investing, swing trading, or day trading?

>>22696099
checked and have a bump, fren

>>22696099
didn't read. buy eth, xmr and rsr.

>>22696099
read a book

>>22696510
Yes.
>>22696979
Thanks!
>>22697166
Thank you as well!
>>22697195
Ok, but which book should I read?

>>22697477
trading in the zone for the degen trader/gambling retrospective. but you won’t entirely get it unless you’ve traded.

>>22697477
>>22697570
maybe read this one first: Reminiscences of a Stock Operator is a 1923 roman à clef by American author Edwin Lefèvre. It is told in the first person by a character inspired by the life of stock trader Jesse Livermore up to that point. The book remains in print.

>>22697570
Trading in the zone is redpilled. I'll add the disciplined trader and trades about to happen to that list.

Moonboy hodling is more degenerate btw

>>22696099
I'm going to assume you're talking about stock investing here.
>Look for /smg/ on this board, it has a comprehensive, but not quite all inclusive list of terms and resources.
>make a brokerage account with Robinhood or the like
>dont invest in or do really anything with your money you dont understand
>dont trade emotionally, like with fear or greed
>dont fall for the day trading meme
>dont take investment advice at face value, due diligence and all that
You'll make it brah

>>22697570
>>22697634
>>22697815
Thanks for the book recs!
>>22698025
Robinhood isn't currently available here in Canada, should Wealthsimple be ok?

>>22698146
Not familiar with them, but that's another good research point. Ideally, something with comission free trading.

>>22696099
learn about technical analysis (TA) somewhere outside of /biz/.
i guarantee once you get a grasp of it and actually have the ability to play the game, you will realize that this place is only good for two things:
1) as a contra-indicator (most people here are dumb money)
2) as a source for tips on shitcoins that are about to pump / things to look into

do not trust anyone here as most posters here - and i cannot stress enough how sure i am of this - lose money trading and give catastrophic advice.
use this place for memes and the two reasons stated above and nothing else. godspeed fren

>>22698146
Leaf here, do you need $25k to trade with Robin hood like most brokers? I'm a noob too and all in crypto atm

>>22696099
poo poo pee pee

>>22698299
PDT applies to all brokerages in the US, as far as I'm aware

>>22696099

Crypto is the new industry of the future and there is currently no faster way to make money. It is also however completely unregulated and and lacks any and all means for legal enforcement. Everyone with the means to do so can manipulate prices or start his own cryptoscam. Every post here is potential attempt to shill some scamtoken and prices follow patterns from textbooks about psychological warfare. There are over 7000 currencies and less than 30 can be considered honest. Most of these 30 will also fail.

>>22696510
Oh, I didn't even notice the second half til now, well I'm mainly interested in the long term, playing-it-safe type trading, just to have something to fall back on so I don't run out of money.

>>22698586
Make sure to manage your expectations, you need at least like 300k invested to live solely of dividends, even remotely comfortably.

>>22696099
>/sci/
ngmi. biz takes a retardation you cannot achieve

>>22698532
>>22698818
I definitely do have a healthy amount of pessimism going into this, I'm not expecting this to be some gold-mine, just looking for a way to minimize my future financial vulnerability (and I know that no investing is truly risk free, but it's better to take a small risk and probably profit than to just accept whatever my employment and expenses throw at me).

>>22698919
I didn't think the day would actually come when I'd feel like unironically saying
COPE

>>22699153
You're set then, I think

>>22699214
Well, except for the fact that I need to understand how this whole system actually works before I start throwing money at it

>>22698025
>> >>22699413
?

>>22696099
Bump

>>22699435
I linked the posts backwards, but you know what I mean

>>22696099
like this anon said >>22698025 check out /smg/ for info
another source for books and general info would be reddit, check out the wikis of /r/daytrading and /r/options have a list of book recommendations ang general info (i think /r/wsb has a faq too)
gl fren

>>22699435
Ye, I'll read the /smg/ explanation of terms, just been in a zoom class and also trying to figure out which app I should use as a Canadian.

starting in this too OP, ameritrade has some nice educational videos and lessons, don't know if other people with more time agree

>>22696099
First and foremost: you need to be early.
The pyramidal properties of crypto is hella crazy

Another very important thing: you need to choose not a GOOD projects. They should be _undervalued_.

Keep in mind that crypto is an EXTREMELY unethical environment. You will be filled with sweet inventive narratives all around, about technologies, partnerships and a bright disruptive future "soon". 99% of them are a beautiful facade, behind which there is emptiness and someone else's greed. Almost no exceptions.

If you see x3/x4 and maybe x10 on a your shitcoin, most likely you get the feeling that it is a next unicorn - so it's huge sign to sell it immediately. Otherwise, someone will do it before you, you can be sure. The chance to catch a real X100 in this PND market tends to zero, do not count on it.

The best trait of good player here is to doubt/be skeptical about everything. Everyone here lies to increase their profit and don't gives a fuks about your money, literally.

If you see a huge hyped crowd on some coin, you're probably already late.

Daniel Kahneman - Thinking, Fast and Slow. This book will help you understand why people are not rational players and show you what inner habits you need to fight when making financial decisions. Without knowing your own cognitive biases you will step into the same shit again and again.

To avoid becoming neurotical trash after lose streak of bad trades, keep your body in a tonus. Exercise, socializing, and healthy sleep.

Always study the structure of coin holders, always look at the market cap of coins, never trust CEXes, always keep stable coins in your portfolio, always look for unmet demand, never trust Twitter fags, never fall for tech vibe only, never invest all in, always ignore the sweet songs of BTC maximalists, always remember that every second guy here wants to dump their bags on you.

ps. Sorry for my bad English (your russian fren)
ps2. Never invest in projects with a Russian team.

>>22696099
What kind of math you studying OP?

>>22700172
Multiplication tables