/biz/ - Business & Finance

i was thinking about trying this with a grand on kraken , but i work so i would just trade on the weekend i guess?

It takes years to get good, but just makes sure you learn to enjoy fucking up and getting liquidated anon. Waking up to realise you didn't place a stop loss is the best feeling any loser can have. Make sure you're using tins of leverage when you forget too, thats the best way to really learn the lessons.

Once you've lost all self respect, consider yourself ready to be a trader kek

>>24949198
should i just become an alcoholic too?

>>24949116
Hodling BTC and ETH is good, small trades to help stack is a good way to make them work for you.
It's a bitch learning with a live account as fagsly Mc Muffin breath points out >>24949198

Don't trade live until you get your success rate consistantly over 60% on the same pair.
Try out all the different derivatives exchanges and work out which one your most comfortable with.
Some are shitful, some feel like a skem. Better to work it out your self early before you transfer grandmas inhertitance to an exit scam

>>24949116
In my experience, stocks are easier to trade. If you can be profitable in crypto though, go for it. Good luck dudeman.

>>24949116
>20% of the time it works half the time
>>24949333
I witness

>>24949116
Used to think reading charts and entering trades are a gamble, the market goes either or btw until recently. Man that shit is tough and don't think I can deal, buying & HODLing all the way.

>>24949324
Good point about trying out lots of exchanges, you'll end up doing that any way, so better to do it sooner.
They all have different features and UI quirks, call the same shit by different names and have there own personal lameness.

If anything, look at some of the newer exchanges first. The older ones even if they have more liquidity suck really bad. Lower liquidity isn't an issue for you at all, your riding a tricycle trying not to get lost.
> Follow some good traders on twitter, and don't pay for courses.

>>24949849
This reply here is golden desu. Old exchanges stopped being at their A games and suck at listing shitcoins rather than improving on their services.
I would rather trial out some new ones with newer features, if they're any better.

>>24949333
Proof of that is how many college students in the US are getting rekt using Robinhood kek
Stocks are easier, but not as much fun. What ever you trade, you still need to have an IQ larger than your shoe size and it helps if your a psychopath with zero emotion.

Good tip anon is change the color of your candles from red and green. Don't let those fuckers trigger ya.

>>24949849
Newer exchanges are generally a bit better thought out. That's the general story with apps, games anything. Each generation irons out the bug and fuck you points of the legacy ones.
Newest thing is the derivatives DEX on your phone, i wouldn 't use one. I like a big assed monitor not break my eyes and fuck up trades with fat fingers.
> Use proper derivatives exchanges none of that Binance margins wank

>>24949333
stock is shit, who trades stock only but retards with fat bank accounts. crypto is the real deal, no college degree needed, get rich or die rekt.

1/5 isn't bad, actually. That's really good. Now it's just about geting your risk to reward ratios to make sure you're profitable. Definitely a good problem to have.

I'm jealous of you, I can't get 1/10 right. Need help on this, bad. But still all good, like that I'm learning TA

Not a TA guy myself, more of fundmental and hodler but these derivatives exchanges now making me change my mind. So much money to be made.

Good for you, mate. I don’t even know how to read charts lol

>>24951446>>24949116

1/5 is bad if you're trading on leverage. >50% is good and ensures you're profitable. You can explore exchanges that offer more trading tools. I'm currently using ACDX, might wanna have a look

>>24951569
Hodl with haf of my bags, the other half trade leveraged. Still a bit iffy on TA., Know any teachers?

Tell me about it, reading charts and waiting for its movements consume so much of my time I don’t even know what day it is already lol

Once you get the hang of it it'll be fine. It's a long dark road going at it alone, don't do it alone. Find someone you can learn form.

Haha, been there done that. Don't stress out, you'll need to spend lotsa hours lerning tho, and even then you won't get it all right. Just remember, as long as you're profiting great. Otherwise, just stay out.

>>24949116
worth it. read up on the Glitch.finance action and do the needful when the time comes as I know you will. you will feel like boomers are idiots

>>24949116
>I’m slowly improving at reading charts and get 1/5 trades half right on a practice account, it’s a long retarded road that eats my soul some days.
1/5 of the trades half right means what 1/10 of the trades right? That will put you out of money really fast.

Even if you got 50% of them right, you still lose money on fees.
The truth is that, long term, buy and hold index funds have the best performance. This is not my opinion, this is what the academic literature says:
- TA is bullshit. Nobody can read charts better than chance.
- Stock picking is bullshit. Nobody can consistently beat the market long term (decades). The ones who do, are less than one in a million, and where born in a time with less information available to everyone.

Now you can listen to the experts, or you can listen to the degenerate gamblers and shills on this board.

Posting in a cringe thread. I just know OP is a naive late teen/early twenty year old because I thought in much the same way back then too.

OP there is no learning this shit, you either have it or you don't. If you're like the vast majority of people, the only way to not lose your money is to buy into solid crypto projects and hold them for a very long time.

>>24949198
Got many of my trades went down south by not putting stop loss, got rekt and reloaded. Hard way to learn but good lessons learnt.

>>24951956
What example of such solid projects can you give a pajeet college dropout like myself with no inheritance.

>>24950743
Robinhood kek. Young anons getting rekt messing with stonks
New derivatives exchanges are popping up like you say.
>>24949116
Probably the best one for support and UX is ACDX. no KYC needed if daily withdrawl is under 5 BTC can stake and liquidity mine it to OP

>>24949116
Know what you're doing, stick to those practice accounts until you're pissed that you are nailing trades. Doing it the other way around is pure fuckery.
You dont have to be the best, just proficient and not a greedy fuck

>>24952608
Robinhood get 5% rich 95% rekt

you dont have to hold for 5 years straight but constantly trading is kind of dumb as a newfag
wait for a decent entry point, put like 50%-70% into things you deem safe and spread out the rest among some risker buys. use the wins on the latter to gain capital for the former, and if you lose it's not the end of the world because you would have to be extremely unlucky to pick 5 scams. it seems gay and boring but the key is always just to not piss away your stack

>>24949116
I've been trading for 5 years, first 3 were FX, now FX, stonks and crypto.
Advice is learn it but don't kid yourself your a trader and FFS don't try and find a trade everyday. 2X a week is plenty.
>>24951446
Thats a shit ratio, dont talk out your arse
>>24951600
Much closer

>>24952608
Spot on 100% New derivatives exchanges are a shit load better.
Good recommendation anon.

>>24952608
how's their liquidity mining work desu? any good APY? would like a degen gameplay for a decent passive income.

>>24952981
lazy crypto nerds, thought y'all shout DYOR.
no one's gonna spoonfeed your lazy ass here nubiz, checkout acdx.io

>>24949116
i figured out charts at 15, you just need to be patient and zoom out

The crypto rally is just starting, exchanges will flourish, definitely innovation is needed.

>>24953153
Lots of noobs will get rekt losing money to trading, will be a shitshow for many.

>>24953387
Now I envy you, but first how old are you now? And where you practicing your ninja char skills?

>>24953153
ACDX exchange, checked it out once, still don't think any exchange can beat binance yet.

>>24952795
futures and leverage traders gots the most profit out of the btc rally, wish I went 10x bull but doubt myself, fuck!

>>24952795
futures and leverage traders gots the most profit out of the btc rally, wish I went 10x bull, fuck! greedy would have worked here.

think this thread is for them technical and day traders, I'm not either, just want pump moon and profit

>>24950743
Derivatives exchange are not centralized? where you seen derivatives Dex? crypto doesn't need any more centralized fed play stations. someone wake me up when we got decentralised derivatives exchange.

>>24953660
I don't do derivatives, how'd they work desu?

>>24953499
Never share your age on 4chan.
Also i'm on kraken, you just need to draw lines, spot the resistance, the ATH, and you can predict especially if it bounces
The best crypto for that was chainlink, but now its crabbing

>>24952608
what happens when all the hedge and insurance, can ACDX and the other derivative exchanges handle the volume?

>>24949116
>daytrading
https://m.youtube.com/watch?v=K9JcFAadCVo

>>24953499
though no matter how good you are at it, it still remains gambling, dont trust the retards here.
It just helps a bit

>>24950702
is binance a derivative exchange?
If yes, then it hasn't stop being at its A-game, still leading the tier 1 calibre.
Maybe new exchanges will challenge CZ one day, or Andy's playbook is gonna do that sooner, monitoring acdx.

>>24953711
>Never share your age on 4chan.
what? ive never heard this ever

still dont know what derivatives are. i hear they're now outlawed in the uk, but as i've no idea what they are i don't know if i'm involved or not.

>>24949116


There was a funny thread a few days ago with a bizanon saying it's easy to be millionaire, as you just have to double 10 times 1000$.

It's dumb and sounds stupid at first , but after thinking about it a bit, if your only goal is to double your bet and that time is not an issue, you can double your money by being early on a crypto before its listing. If you aimed to do just that with GRT two days ago, you could do that very easily. Even at 0,15$ if you had only one goal that is doubling your money, you can do it, but you can't have any regret if it's how you play.
Removing your money with X2 with GRT meant you missed the X3, but your money was secured.

You can do it anon, but that requires to delve in the project, be always on the beat, and never regret when you took the early stop instead of the whole ride.

In 3 weeks i've been in 2 project in which I could double my money without making a mess. Nucypher and GRT now (and I fomoed like a dumbass around 0,25 instead of 0,15 like I could have ), by being early in both listing it was a X4 without breaking a sweat.

But the problem with this line of thinking is that if you make a mistake, you may want to kill yourself. But if you're really into this, it sounds totally possible. The real problem is minimizing risk.

I honestly feel the best approach is to just buy into multiple currencies and HODL. Not for diversification, but for education. You start to understand the price movements between crypto better when it's your money on the line.
Paper trading isn't that effective, because you only truly learn when you have skin in the game.
This apply to everything in life, by the way. The Romans had a custom of forcing an architect to have his family cross the bridge. Guess which relics of past civilizations have survived for millennia.
And as other people have said, don't trust anyone making money off of selling trading tips. This is the one place where free advice is actually better, as there are professionals who give out tips for free, because they view themselves as educators performing a public service. (Even most of the free advice crowd are hucksters.)

>>24954242
Yeah I just collected my 2x on GRT. I feel like if I play it slow I can make solid picks based off /biz/ and play conservatively that idea isn’t even insanely far fetched.

>>24954242
tens doubles without a loss is damn near impossible.
also you'll quickly find yourself in over your head. trading $25k is a completely different game from trading $500k

>>24954553
I didn't say it was easy. I didn't say it was without risk. I'm just saying that once you're far enough in the game you diversify to secure maybe half in BTC/ETH (for now) and keep the doubling game going for the other half, you just made the game last longer, but you have your life buoy.
As you're investing in assets, you never come out of a trade without anything, you still have enough to play, but you have to have a part of your life saving in secured assets so you don't do braindead things. But let's say, 16 000 is 1000 * 2^4. It's doable, if you live in your mom basement and you did enough research it's definitely doable. Once you're at this point you take half of it every 3 trades to make a larger life buoy.

>>24949116
Anon ya doin it the hard way and you're on the road to becoming a master. Charts of DeFi's projects are extremely difficult for me to master. I become retarded

>>24949116
buy and hold. no trading required.

>>24949324
Holy cow this anon is telling the naked truth and the bitter truth. There's also those crazy mofos who think they can rekt you by persuading you to subsribe to their crypto signal. Whole lot of them are scemmers

>>24956156
That's what i do anon. I don't trade cryptos at all. I'm simply a bagholder not a cryptotrader. I hodl BTC, ETH, LTC, XRP and in the DeFi's I hodl POLS and PPAY