/biz/ - Business & Finance

>>24528754
Ok

>>24528784
Answer the question nigger.

>>24528754
Keep in mind always the candle can always fuck you over in the other direction. Why?
See >Have no TA knowledge

>>24528754
>>24528801
>Put $5 on red.
>won
>am i a genius who found unlimited money?

>gets left behind scalping his stack for pennies
>incurs taxable events

holy shit you're a genius desu, I'm going to do the same with my 320 eth, flip it to 20 validators in less than a yaer. Thanks for the tip.

>>24528754
>using intraday ta with the most speculative asset class in history
i wouldn't

>>24528754
Do you do it at a trade like pro coinbase so you can set an automatic high to sell and and automatic low to buy? That way you can protect your fiat from the cripto dipping in value

Now, yes, you can profit with fluctuation, but 7 bucks won't be worth it if you're in the US where it can be up to 29% in tax plus the exchange fees, so save until you have enough to make at least 50 to 100 bucks per fluctuation, and remember, no one can scape the jew

>>24528832
>>24528853
I mean, I know the basics. Doble top and shit. But let's say I study TA, is it viable?

>see line go high
>sell
>line never comes back down
OR
>see line go low
>buy
>stuck bagholding for a long time

>>24528894
I'm a latinoamerica bro. Specifically Mexico. I think regulations here aren't as strict as in the US. My understanding is that just the net gains You end pulling out are taxable.

Wow bro i think you just discovered something new
Dare we call it trading

>>24528904
Leverage trading with others funds - F tier
intraday trading - D tier
Leverage trading with collateral - C tier
Holding spot - B tier
Swing trading - A tier
Ratio trading - S tier

>>24528924
I mean, I have no problem bagholding eth, it's My Main asset rn, just want to stack it. The only risk would be it mooning and leaving me behind.

>>24528982
So youre planning on intraday spot trade with essentially no buy back in stop loss. Yea dude this is a bad idea on the precipice of the golden bull

>>24528945
are you white?

>>24528945
Then learn about Mexican taxes and as I say, put automatic limits, trading is basically playing with a slot machine

>>24528945

i doubt it. thats what everybody thinks but most will find out that every trade is a tax event. Better make 100% sure first because you could really fuck yourself.

>>24529019
Oh, I forgot this is 4chan

>>24529019
Yes.

>>24528754
Youre lucky until youre not. 1 eth gain means 1 eth loss, eventually

>>24528754
>Can I just set myself a goal to make 1 ETH per day? Is this possible?

yeah... no

Am I gonna get burned?
If you ask this question you already know the answer

See it's a probabilities thing, you win until you don't, and when you lose it only takes a few more bad ones to go broke and that event happens with absolute certainty

if you are interested in the topic and want to become a trader I'd suggest you the book "Fooled by randomness" among others

>>24528754
Everyone thinks they can do this until you get buttfucked by a bear/bull market. You'll make more my sticking to long term trades

>>24528826
>>24528832
>>24528851
>>24528853
>>24528924
>>24528968
>>24529016
>>24529142
>>24529157
>>24529185
Ok, I see this is waay more complicated than what I anticipated. Gonna learn TA. Thats for sure.

>>24529225
Ta will help, but won't save you... if you can manage to make 1 eth PER WEEK, then yes, you'll make it. Or rather say, 1 winning trade per week.. but you're really better off just longing spot until eth goes to $1k than trying to profit from every dip.

>>24528968
>i was today years old when i learned that swing trading was an actual trading technique not just a meme name

>>24529054
go back
>>24529077
at the very least learn about risk management. don't try to swing your whole stack for a marginal gain.

>>24529225
Unless you are going to make a career out of it. Do not day trade. It is an extremely steep learning curve because you are literally competing with the smartest people in the world with unlimited money to leverage with. The most money you will ever make anyway is through the buy and hold method (value investing) but most people have a hard time with it because it is boring.

>>24528968
Also this. If you must trade then focus on long term swing trades rather then day trades. In bitcoin there is a bull and bear market every four years.

>>24528968
leverage trading with others funds is chad tier retard

>>24531076
>TAKE ((((MY)))) LOAN
>TAKE IT
>YOU NEEEEED IT
>HOW WILL YOU COMPARE TO YOUR PEERS?

>>24529225
Really glad you understand. Could've fucked yourself hard.

>>24529051
>every trade is a tax event
Am i retarded, why does that matter? Say the tax is 25% and you make 100k profit over 100 trades, isn't the amount you pay in taxes the same as if you made 100k in one trade?

>>24528754
its all fun and games until you get priced out and lose 20-50% of your stack.
Crypto moves fucking crazy compared to stocks. Just hodl with that much Eth. You've made it. Or at least only use what your willing to lose. Only a matter of time for frog posters

>>24529225
Use a robot you absolute fucking retard. Use Gekko. Open source. Dont even need to run it with cash, just use it as a trading advisor

If you want to screw around, just do it with 5-10% of your stack. You’ll be happy you did.

You have two choices with crypto:

1) research bitcoin and cryptocurrency as a whole, and hopefully come to an understanding of it that will give you the strong belief that IT IS THE FUTURE, then invest in an assortment of cryptos and hold it for a long time. That assortment can be say 50% bitcoin, the other 50% in smart contracts, which means things like ETH, STAKE, ADA, DOT, LINK, Tezos, AVAX, etc.) You can also try a bit of lowcaps that are under the radar if that type of thing is interesting to you. Then simply hold for a year, rebalancing your portfolio when necessary (i.e. sell a bit of ones that pump and buy a bit of ones that dump, so the same percentage of sat value is held by each investment.) This style of investing will not take too much of your time, and you can continue living your life while your net worth slowly grows.

2) the other option is to become an investment expert and focus on one aspect of the market, trying to get skilled enough to win consistantly. for instance, day trading, margin trading, researching lowcaps, futures, options, etc. You can’t become an expert in all of them but it’s possible to get good at one. The problem is this method requires HUNDREDS of hours of thankless research and painful experience, and you will almost certainly lose money during the first 6-12 months (so only use a small amount for this type of investing). You will probably becone a real-life pink wojack many times during this process, and unless you are prepared to see it through to the end, it won’t be worth it. Day trading and margin trading are probably the most masochistic of these.

perhaps a middle ground could be SELLING options, it’s safer since you make money whether the price of bitcoin goes up, down, or sideways. i use LedgerX but that is only for Americans. Anyway since you don’t sound too into trading I strongly suggest option 1.

>>24528754
>want to swing, buy a rope
It's not sustainable. This will seem like it's working great for a week until support or resistance is broken, then you are suddenly way out of the money and it will cost all of your gains (and more) just to buy back in. Don't fucking do it, you've been warned.

t. ex-swingie