/biz/ - Business & Finance

>>26778458
Apparently $2,000 sometimes

Why are her nipples all the way up there?

>>26778529
implants

>>26778458
those are rookie numbers, you gotta pump those numbers up

>>26778458
I'm a full time crypto trader and make $250-$1000 a day out of $5000

It depends on your cost of living. Really though a 10k trading stack should be enough. 1% a day is $100 a day, not hard to pull off.

>>26778754
Are you able to pull those out daily while only working with $5k? That seems risky

>>26778818
>Really though a 10k trading stack should be enough. 1% a day is $100 a day, not hard to pull off.

How diversified will your portfolio be though? One bad day can basically destroy you

>>26778754
This makes absolutely no sense. Wouldn’t that mean that your banroll would grow?

>>26778529
>>26778557
I followed her on instagram like 4 years ago and she would always post about how she's all-natural and how important it was to "love yourself" and stay true to your body kek

dumb fucking slag

>>26778754
how much of this gets gobbled up by fees and taxes?

>>26778911
Low leverage positions on btc only.

very nice money man. You can earn money tirelessly by staking on waves.exchange.

Like $2-3 million, anything less you're taking on excessive risk to make returns that compete with a good salaried job.

>>26778458
It's gonna be a lot at least $1m. I'm not good at day trading.

If it was swing trading then $400k. I'm better at that as long as I stick to the plan. With my returns I could probably get $100k a year, at least, pre taxes with that.

If my networth hit $200k I'd be highly tempted to not bother looking for a job. Though if my networth hit $400k I'd use many paid sick days before quitting.

>>26779031
>Low leverage positions on btc only.
Hello, fren. I am new to stocks. What does this mean exactly? Also, I have about $2,000 to put into stocks, would crypto be worth getting into with so little capital or would stocks be better? Thanks

>>26778529
Lold just noticed that. Something looks off. Im guessing implants.

>>26779276
This. $1m may have been too low now that I think about it. At least with $400k and swing trading I'd make more than any job I've had.

>>26779276
>>26779461

I'm talking about the minimum here at $150k, you can be investing at 75+ companies and either holding on or doing short sells for quick gains. With a few million, I'll probably just live off the interest

>>26778754
Explain brother. How?

>>26778458
Over 20k I believe to not be subject to the pattern day trading rules. It’s been a while since I’ve had that little money so idk go look it up.

Interestingly enough they passed those rules into law last time goyim bankrupted the chosenites. To “protect retail investors from themselves”

>>26779714
Too risky. I get impatient with just 10 companies.

At least with swing trading I can yield good returns with low effort. I really hate staring at atock all day and was stuck doing that for months with little gains.

>>26778754
lol check back in 6 months from now

>>26778458
If your intent is to loose it all, you gonna a need way more, nigger.
If u invest smart 100$ can make u 10.000$ in 1 day. And from there off y go
>nigger confirmed

>>26778458
Wait until you have enough money not to worry about what you make in a day

Depends on what kind of lifestyle you want to live.
Lower the bankroll higher your ror will be.

>>26778754
this 5k-10k is more then enough.

>>26778754
I'm tempted to try day trading crypto multiple times. I've tried with ETH for practice and was able to make small gains. It's amazing not having to worry about PDT. But robinhood is kind of slow with crypto orders

>>26779714
I share >>26780072 this anon's sentiment
day trading is tedious and risky
swing trading several stocks or coins whose movements you understand and can predict with some degree of accuracy is much more sustainable and less stressful

>>26778860
Yeah daily on average
>>26778917
>>26778976
I know a guy in my city that pays cash money for eth. He drops by my place 2-3 times a month and buys whatever I made. I basically pay my rent in cash and everything with cash. I got about 200k cash now hidden at [ ]
I'm pretty lazy. Sometimes I wake up, see something that I know will go up. I buy $2000 worth and sell 30mins later at a %10 gain. Made $200, my day of work is over. But other times when I really concentrate and actively trade/swing, I can make up to $2000 out of my $5000. I know I could gamble much more but I'd rather play it safe

>>26778458
Keep in mind that everything in this thread is dependant on the market continuing to go up 20%+ a year.

My advice is to move somewhere cheap but comfy like Croatia or Vietnam.

>>26778917
Not if he’s spending it, which would make him literally retarded if he weren’t just totally lying to you.

There is not a trader in the world human or otherwise in any asset class that can reliable do 2.5-20% return every day over time.

You’d be a billionaire in a few months.

>>26780479
>see someting that I know will go up
sounds awfully like a blatant lie to me

>>26780876
Believe what you want I dont care
For example today I made $500 because I bought ORAI at 32 in the morning and sold at 41ish

I already know what I'm buying tomorrow

>>26778458
daytrading with our entire stack is flat out retarded. take whatever you're comfortable gambling with daily and multiply it by 10

>>26781448

Well I'm talking about buying companies when they dip or possibly will have good news, or even long term if it means it'll be wayyyy higherrr

>>26778458
I was doing it for a while with 30k, was pretty easy to get at least $1000 a week before taxes. My day job promoted me and I wasn’t able to keep up the pace.
It was mostly done by watching mall REITs, they followed a somewhat predictable wave for months.

>>26781374
so how do you know what to buy, TA? help a poorfag with only 2k :(

>>26781643

Couldn't you just put a stop limit price on each order?

Boys I have 5k I can use for trading. What’s the best way?

>>26781656
Basically follow 50ish different coins day to day and follow the right people on twitter

You could probably sell really far out of the money cash covered puts and calls with a 95% chance of profit and probably make at least $1000 a week with 50-100K and spend like 1 hour a week setting up your plays.

>>26778458
OP. I got in during the pandemic when it was 9k. I slowly put in more and more over the past year. I put in a total of about 385K.... its up to about 600K. ( i should have cashed them all out at 42K - oh well i am still new) I try to buy 3-5 at a time and them quickly sell for like 25-50 dollars more per coin - trying to do $100 locked me up a lot of times as the market fluctuated. get one bitcoin now! buy and sell 7 times a day... stick with the 25-50 dollar range. Use a phone with an app that sends you alerts, buy the dip.... and get a bot. But diversify....

>>26782769

>95% profit
>Calls

LoL

>>26779586
You have 2k, but most brokers give you 4k on margin to spend. If you spend more than the 2k you have in cash you're leveraged.

>>26782898

Yes are you retarded? There are tons of statistical analysis calculators for free on options and you can check the chances your strike price will get hit. You sell so far out of the money that you have a 95% chance the price action doesn't pass your strike prices. You don't make a ton but you do it on weekly contracts and pick up easy money. I've been here for years and its still boggles my mind not even 10% of the people here understand fucking options.

REALITY CHECK
1. Your income has to be removed from what you can deploy in your positions
2. You are 100% GUARANTEED to have entire years down if you are trading risky enough to live off a smallish bankroll
3. An insane return YOY average would be something like 15%
4. 95% of retail day traders LOSE money

Given all this, even if you think you are in the top 5 percentile (you aren't), to earn $50k a year, you would need to start with $350k funds that you can actually deploy 100% of, plus some buffer for down years, so let's say $500k. If you are spending the $50k profit to live, you will never grow your funds you can deploy, so you are losing to inflation, so realistically if you have some dream of actually being successful, you need more like $1.5-2 million to start. This is assuming you will START as a 95th percentile trader (you won't).

>>26783276
You need to have an IQ over 85 to make money with options. Bitniggers are forever filtered by it.

3PUAGwd9vAEPTYxsiLWVh7SQo3WVHmAX6N

>>26783474
>1. Your income has to be removed from what you can deploy in your positions
OK
>2. You are 100% GUARANTEED to have entire years down if you are trading risky enough to live off a smallish bankroll
LOL
>3. An insane return YOY average would be something like 15%
LOL
>4. 95% of retail day traders LOSE money
LOL dumb niggers

>>26783503
Its a shame too because most people think options are highly risky and its the complete opposite they were designed to mitigate risk. The only way they are risky is if you do naked selling without the funds to back it up. Sure what I suggested is picking up pennies in front of a potential steam roller but it usually works long enough to recoup more than the initial balance you were using to cover.

>>26782561
And which people are those?

>>26778458
I was legit disappointed when I clicked the thumbnail and this wasn’t Rubic Alexandra

>>26783474
>You are 100% GUARANTEED to have entire years down if you are trading risky enough to live off a smallish bankroll

What? That's why I said to diversify your portfolio and hold the underperforming stocks while trading the over performing ones

>>26778458
>full time day trader
Does not exist
>>but I see the youtube people
They are trading educators whose income comes from introducing broker contracts with retail brokers. Their job is make you think you can day trade for a living so you lose money and your broker profits.
What you need to live off your investments is =(x/0.04) for x= future value desired annual income (PV = what you want to start, I/Y = 2, N = years until you die PMT = 0).
So if you wanted to have $30,000 annual income and hold that purchasing power over 50 years you need FV_2,50,0(30,000) = $80,750
Thus 80,750/.04 = $2,018,750. Adjustable if don't mind diluting your principle.
Now before you fuckers (You) me about why you can totally shit on your boss' desk and make a living on memestocks just know I'm fully aware you never traded a stock in your fucking life until this week.

>>26782769
>>26782898
>>26783276
>>26783503
>>26783603
>You could probably sell really far out of the money cash covered puts and calls with a 95% chance of profit and probably make at least $1000 a week with 50-100K
That's 2% a week.
With 50k, if you accomplished that 2% a week, you would have 134k in a year. You're a fucking retard if you think that's possible. Classic trap of thinking "oh well that's only 1-2% can't be that hard". If you could achieve those kind of rates you would have more money than Jeff Bezos in 10 years.

>>26783945
>just diversify your portfolio
By decreasing your risk, you decrease your upside. Now you need $10 million to start with to return a living wage. Now you understand why people with $50k to start with don't live off stonks.

>>26782769
>>26783276
>>26783763
I've heard of people doing this. Covered calls is a known strategy. But as the anons have pointed out, you need to have an IQ of probably 115 to even understand options at all. Theta, Gamma, Delta, strike prices, what's really happening with your leveraging. Buying a call versus selling a call, etc.
It's not for the average man, I will say that.

>>26784392
Billion
$1.5 billion
$1,482,720,596.97 to be exact

>>26784122

You have to take higher risk with 50K. I did say up to 100K. Also you purposely won't be compounding. The weekly premium should go into to something else. The strategy works less well as your bankroll grows because there isn't enough liquidity for you to buy as many options once you hit millions. That being said its an entirely legitimate strategy with smaller bank rolls. Why don't you fucking google "going short volatility" before you run your mouth about shit you clearly don't understanding.

>>26778458
I know of people who day trade and make 500-1000 a day. With 200 trading days that’s about 100-200k a year. You need to have at least 25k to cover margins. It’s not the amount of money you have in it’s the amount you can cover the margin

The goal is always to close out at the end of the day and not lose over your cash account. Lately I’ve been hitting 500-1000 from short squeeze but that’s not normal

>>26778567
https://www.youtube.com/watch?v=0HtyF0jux2Q

>>26783276
You're taking very high risk to do this and assuming every time you pick a scheme with 95% chance to profit, every week, there will be two times a year that you get totally wrecked.

>>26784529
Cover calls only works if you
1) have the actual shares
2) have a high price knowing that it won’t reach that point without a catalyst

An easily way I found is by buying short term itm call options on catalyst day like fda approval or earnings. Then immediately closing it for a quick gain. You can easily get 20-50% in an hour. Hard thing is finding a stock with catalyst every single day

>>26784724
>>26784122

Pro tip what I suggested is exactly what the two guys in The Big Short did to turn their portfolio from a few hundred thousand to nearly 100 Million. They actually successfully did what I'm suggesting.

>>26784724
>just take huge risks and always be right
Great strat. Ask me how I know you are flat broke. You've already demonstrated you don't understand basic math. The stock market is zero sum, you either do safe investments and wait for the market to grow from new investors, or you have to be in the top few % of investors. Not only are you not in the top few % of investors, your posts make it very clear that you aren't even of above average IQ for an American.

1k on MUSE

I'm serious. Check it out.
>>26782925

>>26784940

I have half million in crypto.

>>26784850
But isn’t that the point of investing? All buys and sells is a bet on something that may or may not happen. The big thing you need to do is control your losses vs winnings

>>26785012
Gib some crypto. I recently decided to buy your magical coins

>>26785012
1. That isn't a lot of money
2. This thread is about the stock market
3. If you think you actually could get 2% weekly gains and actually understood basic math, you would have already cashed out all your crypto to deploy in the stock market
Of course none of that is true and you are flat broke. Way to embarrass yourself though.

>>26784940

As I said, you clearly don't even understand and so you just project your own lack of understanding onto others.

>>26784195
>decrease your upside
It depends what you're diversifying into and what your goals are. Time and the volatility of stocks is the factor making you say you're decreasing your downside.
If you invest in blue-chip or "boring stocks", consistently and with regular new purchases every month and reinvest dividends to purchase more stock—then over 15 years you can easily have a fortune as you work your day job and trade "boring stocks" and "decreasing your downside".
It's all a matter of perspective and priority. Although you view getting into the higher volatility stocks as increasing upside, you are also exponentially increasing your risk of losing ALL your money. If you remove fundamentals from your decisions completely, it's complete gambling anon.

There are less risky stocks that can give you a huge ROI in a relatively short amount of time if you know where to look too desu. I have a few stocks that I've researched and came to the conclusion that they will increase between 70-120% in the next two years (based on a number of factors that effect the sectors, their R&D, Biden admin,etc).
So if I calculate my upside to be potentially 70% average between all the stocks I'm holding. Remember that's average. Then that is MASSIVE upside. In fact, I'd even say it's the realm of wishful thinking. New people in investing see 4x, 8x, 10x stocks, and although it's possible, statistically it's an anomaly that people buy in in time to make that kind of profit. For the average investor, making 15% ROI on stocks is very very successful.
But again, I'm making these calculation based off of a bunch of variables, so I see it as possible.

>>26784850
You obviously don't understand probabilities. Each separate week you are back to 5% failure rate.

>>26784933
>An easily way I found is by buying short term itm call options on catalyst day like fda approval or earnings.
>Then immediately closing it for a quick gain
Hmmm checked
That's an interesting idea. I'll look into that and try it out on something I feel very confident in down the line, thanks anon.

>>26785301
Yeah yeah they're independent events and over 500 weeks you're gonna have around 25 times you got blown up.
And to your point, that's right, it could happen four weeks in a row no problem.

I like this thread. Seems like SOME of you faggots know what you are talking about. But I don't know this yet.

>>26784940
>The stock market is zero sum, you either do safe investments and wait for the market to grow from new investors, or you have to be in the top few % of investors
What % of newfags doesn't understand this yet

>>26785195
>If you think you actually could get 2% weekly gains and actually understood basic math, you would have already cashed out all your crypto to deploy in the stock market
>Of course none of that is true and you are flat broke. Way to embarrass yourself though.

Hedge funds do it literally every year but okay. Why would I do that when I can trade crypto for more gains? Again I literally have 500,000 in networth and that will be easily worth 10x its value probably the EOY. Idk why you are seething so much. Obviously 1% a week is incredibly hard if you are buying options/stock blindly but FFS the PoP values are listed on most exchanges. All you do is search out stocks with high implied volatility. Plenty of tools online. Again this is a legitimate strategy that is tried and true by fund managers. Read a fucking book.

>>26778516
this but actually

>>26785407
He’ll try it tomorrow when nok, bbw, or some other short squeeze stock is in play. Around 10:30 eastern the morning sell offs occurs and the big buys enter the market. This morning I bought 2 itm on bbw. Grabbed an apple and watched some tv. Came back and up 50%. Sold both for a quick 300 dollar gain. Doing it again tomorrow on any stock I see that follows this same trend

>>26785523
This is why you don't fucking compound your earnings as I suggested and dump them in other appreciating assets.

>>26782561

Brother let me join you.

1. What coin exchange do you utilize?
2. Who are you following on twitter?
3. What makes you go "This coin will go up"

I can't stand this wage slave bull shit. I need out

>>26778458
UAAHHH I MUST INPREGNATE HER AAAUGGHHHH

>>26785620
>why would I become richer than Jeff Bezos through 2% weekly gains when I can just LARP post?
Because you are a broke retard with 80 IQ.

>>26778458
Buffet started with literally the minimum required, so $25k. I've thought about it, but honestly just holding GME for 4 days has made me a nervous wreck. Day trading is going to be this cons

>>26778458
I have about 350k in crypto but don't actively trade that. On a 10k margin account I make about 400 dollars a day. So I suppose 10k is a good number in crypto but you need to know what you are doing and some days if I don't feel comfortable I don't trade.

You should get a part time job (or even full time) outside of trading hours. If you can at least catch lunch and the hour up to close, that is enough volatility for you to make "safe" day trading gains (and take equally meager losses) so long as you stay away from get-rich-now meme stocks and going all in on them like a suicidal weeaboo furry pedophile gamer

Figure 25k for the PDT rule and 10k for staying afloat, do not force yourself to trade, do not gamble on memes, and you may hope to make a few hundred every few weeks to buy yourself toys and pay off loans.

>>26778458
25k is the feds rule

>>26785703
Fair enough
>>26785881
Buffet's not a day trader.

>>26781763
you’d lose accuracy on the actual max returns and muh potential profits loss on muh % gains means it’s not worth my time to pay attention

>>26786002
honestly anyone who has more than 25k in their account should have sold all their meme stocks the moment they could safely day trade. they will lose it all tomorrow.

>>26785879
I already told you fucking faggot that it has diminishing returns. Once you get into the millions there isn't enough liquidity on stocks that offer 1-2% weekly to sell all the puts and call contracts you need to keep it going effectively.

>>26778458
10k into around 130k in 6 months.

you have to be unlucky to lose
you don’t have to be lucky to win
you can win and get lucky