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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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23870982 No.23870982 [Reply] [Original]

Ok Lads, hear me out
>be me
>95 IQ Autist
>22 years old

So my logic is this. Today I made 134% in the stock market. Couldn’t I hypothetically just watch the markets and wait for a stock to hit an “oversold” or “overbought” level.

Then either buy call/put options that are high risk, and wait a few days.

If I am able to get 11 (100%) days I could turn $500 into $1 million.

Has anyone done some lunacy like this?

>> No.23871016

Sure it's so easy i do it daily. I'm worth 7 trillion and can't believe nobody has thought of this

>> No.23871023

>>23870982
>If I am able
Good luck

>> No.23871049

Well I made $5000 into well over $1million but I also used more borrowing etc.

Is $500 really all you can scrape together?

btw you will never achieve this with daytrading, no chance. You'll lose everything very soon.

It can be done with medium-term shitcoin flips, though.

If you can get three 4x's (not that hard if you're patient) that's 64x overall.

Got $20k to start? comfy 7figs

So what if it takes a few years, even? Wait for the perfect trades.

>> No.23871051

>>23870982
> Has anyone done some lunacy like this?

Yes, you’re not the first degenerate gambler but, I am sure unlike the others you will succeed.

>> No.23871058

>>23870982
It sounds easier than it actually is. Markets are unpredictable.

>> No.23871064

>>23871016
>>23871023
Yeah I know, I guess the odds must be fucked, should of googled 1st... lol

I guess I’ll stick to DCA-ing LINK

>> No.23871091

>>23871049
Yeah my logic is maybe I can make 1 good trade every 3 months or so, just wait for a “right place, right time moment”

Essentially couldn’t I just do this on something like LINK. It’s been trading in the $9-$13 range for a few months.

Just wait for it to hit $9 then enter a 20x leverage trade?

>> No.23871095
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23871095

>>23870982
You’ve cracked the code, anon? Time to go leverage x100

>> No.23871139
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23871139

>>23871095
I am the code bro. I have faith.