/biz/ - Business & Finance

You can but it's rare and very risky. You don't become rich from trading, you get richer.
Best way to make it is to grow a business or service.

>>26885415

Most people were already stockpiling before they made even more from trading. Others who claim to have gotten rich from it are lying out of their teeth, and among these, there is a subset who are lying just to try climbing the ladder through whatever wealth you own (it works if they can convince enough suckers).

>>26885415
imagine if she was your wife.

Not rich but I turned $143k into 1.2 mil from GME. Taxes will be fun.

>>26885415
I only have 200k in crypto but i quit my job anyway. fuck it.

>>26886317
>not rich but had no problem risking $143,000
You're not wealthy, but you are rich.

All these fags are dickriding a few ledditards who got superich most of them will lose money in this scam

You need a bunch of fucking money in the first place to make any money. If you have that then your job or life or whatever is not that bad

>>26885415
Pro tip, people lie.

not like complete riches but enough money to keep me and a family comfy for the remainder of my life

>>26885415
I've made like 300 bucks in a month, just learning it by practice, it's usually a gamble but you can make something. I hope to get to where I can consistently pull 100 per day then work to 250 then maybe someday 1k. There are risks some days are better than others but pulling 1k a day would be comfy as hell

>>26885415

I'm too retarded to understand the numbers or even how to buy shares in anything, I just came here because of the GME shitstorm to see if I could understand it better. I'd love to think I could turn my retail minimum wage into millions overnight but I'm not intelligent enough to figure out how to do it and know I'd lose everything as soon as I took the risk

Friend bought gme and constantly memes and talks about it. He only has $1,000 in it though, most people are happy to make a few hundreds or thousand bucks from this wild ride.

Most aren't getting rich from this

>>26885415
In addition to what's already been mentioned, a lot of people wildly overstate how much money they are making. Like someone might say they made BANK trading this or that, but their idea of making bank is just enough money to pay next month's rent, because they are fucking peasants.

>>26885415
A lot of this is survival bias. People who lost everything aren't going to say that they lost money as often

>>26886317
no you didnt

made a few thousand with puts at the beginning of covid got rekt by stimulus and bail outs.

most of my portfolio is fairly boring made a good amount on tsla and pltr

Holding 3 gme for fun, made a few k on bb option i sold early in the day yesterday.


no real riches from trading, made way more unrealized gains from buy and holding btc,eth,link

>>26886045
Imagine not fucking black women only

>>26886317
So you already sold?
>>26886429
What coins do you invest in and how much of your portfolio is in crypto?

Making it is relative. A lot of the people posting about this are only making couple thousand.
It gets depressing seeing everyone "make" thinking you are missing out but most of /biz/ is just like you.

>>26886045
Will girls like that marry me after I sell my $GME shares?

>>26885415
sauce

>>26885415
11.1M in crypto with 1.9mil cashed out in 2008. taxes are a huge mother fucking pain. still living with my parents though. bought my sister a condo in her city and my dad a cabin on the lake.

I talked to a bunch of my friends who are long term investors (who legit live off their earnings each year). They told me to stay away from GME despite the huge potential their take aways was;

people who buy late are going to get fucked, so if you got fomo right now and think you're gonna buy in, you're gonna be the fall guy that gets destroyed due to regulation from the gov bailing the big firm out again, or you got bear trapped by all the people who bought early who's stock you're gonna buy and they made 300% or more.

It's such a risky gamble, people see 300% or more returns and they get so hyped and dump their entire life savings and since they're first time investors they get completely fucked by the corrections or regulation. If you really want to live free, you invest x amount of money, see 7-14% returns each year, pay yourself back on your original investment and use that child investment to explore opportunities for profit. You're gonna lose eventually, it's the reality of the game - lots of folks gonna lose on this GME shit.

>>26886045
I'm not black so she wouldn't bother with me.

How to get gf like this bros?

>pull covers off files for the government
>get paid $38AUD an hour
Imagine working in a third world country like the United States and getting paid $4/hr

Some guy turned 50k into millions from gamestop. He started last year though and he was more likely to lose it all than make it big.
Too many people see gains like that and want to get involved then end up losing everything.

It's best to invest long term and slowly build your wealth. Trading will fuck you over if you aren't rich already.

>>26888087
Thats how you know he's a larper. If you put in 143k and already sold you are retarded.

>>26886045
Would she let me do anal?

>>26885415
OP, as a former wagie that made it, let me give you some advice:

Avoid crypto and option trading. Crypto is a fucking terrible investment during a bull run, and you WILL lose money trading options as a newfag, something you can't afford to do.

You should be DCAing (dollar cost averaging) at least $100 (more if able) into a broker and making "safe" investments. After the insanity has cooled, actively browse WSB and /biz/ for meme stocks that are being shilled. Also check other communities and business related news on new developments (Like the announcement that Amazon is partnering with BB). DYOR on these stocks and see if the potential checks out. You can easily 20-30%+ your investments. Pull out of these stocks once the gains have stabilized and look for other opportunities. Set stop losses on these stocks for a little under what you're willing to lose on them in case they don't check out. You won't lose that much money doing this and you will have gained a considerable amount of money in your brokerage account.

After about a year, you're going to have a lot more money to play with. The more money you have, the more money you will make. The key is to stay active in investment communities and get into spikes EARLY. For instance, if you spent a lowsy $1000 on AMC stock when it was $5, you could have cashed out at $5000.

Also, learn to take profits. 30% max before pulling out. Don't ride something forever. This GME shit is a meme and NOT THE NORM.

Also read books faggot. Pic related.

>>26889842
pathetic /pol/cel

>>26890761
>don’t invest in crypto
Dr:Ns

>>26886045
She's so hot
Businesswoman mommy that makes you tendies after she comes home from work then sucks your cock as you play vidya.
Dream fucking life bros.

>>26890761
I'm just getting into this and have a game plan similar to yours. The intent is to start very small and adding small amounts to my capital that won't hurt my bank balance, also any profits from betting and learn the game as I go. Maybe I'll make a few shekels at the end of it, I doubt I'll get rich but a few laughs like this week would be nice.

I turned $3M into $10k
Does that count?

>>26885415
If you pay attention you'll notice the people getting rich are already rich by the average persons standards.
Normal people don't have 100k+ to drop into the stock market even if they're retarded.

>>26885415
i turned 5k to around 2 million. mid 2017 to now. left my job in the summer to dedicate myself to defi.

some good books in that list oddly good advice from 4chan makes me uncomfortable.

If you dont want to yolo on memes you can always get into the FIRE movement.

Lots of great blogs and content

>>26885415
>Everywhere I look people bragging about how much they're making from trading and investing.
these people are neither trading nor investing, they are gambling. No different than lottery winners

>>26891569
Yeah I don't think the average /biz/ poster has an IQ high enough to realize it would take the average American 10 years of living absolutely frugally to save up $100k.

For everyone bragging there’s 100 losers. If you have money to spend, divvy it up. I pick a few new up and coming crypto companies every couple months, put 500 in each. I’ll make 5k or more on one and nothing on the others typically. This is not a quick get rich scheme and if you expect profit the next day, you’re wrong.

>>26891380
WHO IS SHE

>>26885415
In 3 years my portfolio of $200 transformed into a whopping $600. Big moves.

>>26889712
You cashed out 1.9M from crypto before it even existed? Damn anon, that is based

LMAO SEEMS LIKE I FOUND TOP GEM
>DDIM GOT 25$ JUST FOR A WEEK
NEW LONG-TERM LIQUIDITY OPTION
STAY POOR I WILL GET IT

>>26891911
Did you but the absolute top in 2017? If not you are a huge retard for having gained that little being here so long.
Fuck with just the uniswap airdrop you'd be at 5k right now

>>26891454
>doubt I'll get rich
End that mindset, you faggot. Change it to "it's only a matter of time before I make it". This kind of tepid mindset is what sets wagies apart from people with sizeable bank accounts. Fortunately, we still live in a somewhat free market. You're more than capable of making it through smart investments.

You're going to start a plan that's going to make you some fucking money. Get serious. Even if you're only starting with $500.

>>26891455
Big brain play, now they can't tax you.

>>26892258
I just want to upset kikes and spam pink wojaks.

>>26891855
Marissa Eve

>>26892201
A little after it started tanking but not the bottom. I'm not active around here I only show up when things start getting heated up. That's probably the problem though.

>>26891380
disgusting man face

I quit my day job to trade, I make like 5-8k a month with low risk. I manage about 100k in a stock account and 10k in an option account that I reset to 10k every month

You may think that I’m being ridiculous by saying that I make 8k a month with “low risk” but it’s true. It’s about 50/50 stocks/options profit.

When I was younger I used to play options like a degenerate and make up to 20k a month. I don’t do that anymore. When I was younger people also called me retarded for thinking I could make 5% a month. Don’t care, that’s all retarded boomer heresy

Make your own process and figure it out

>>26891099
It's the truth though, what's the matter? The illusion shatters for you as you realise you would be straight up rejected?

>>26890761
>Crypto is a fucking terrible investment during a bull run
buying random shitcoins that pumped 500% in the last week is a terrible investment but if you know where to look you can get into icos that can get you 10, 20, 50x, also you can use defi to get yield on stablecoins, if you have a good amount of money the yield might be enough to live off, this isn't 2016 anymore when you would buy shitcoin and hold.

>>26887942
you want my fidelity screenshot? Bragging about a 10x isn't worth it

>>26890535
Yeah you are asking for a screenshot.

>>26885415
I’m up $450,000 from crypto. Started with $50k a year and a half ago.

>>26886317
>not rich
>has 143k in liquidity

okay

>>26886992
Get Coinbase app
Buy as much Chainlink (LINK) as you can
Hold for 1-5 years
You will do a minimum x10 of whatever you put in

wagie, 1k$ a month wage
took a credit of 5k$
dropped it all on PRQ, got 4x
dropped it all on XCM, got 4x
now just holding until 100k++++++++
Just do it, but choose a reliable project, and try to take out initial investments asap

I'm only in it to accumulate some spare cash for vacations. Anything else is just entertainment.

I was, but the moment it took 3 business days it was already too much. Threw 50 on Doge because fuck it, but getting rich off GME/AMC might be too late for me

>>26891814
You need to look into defi. You don’t need $100k in crypto

>>26891099
sadly it's actually true lmao
>>26891380
I didn't know op was this girl. She basically only fucks blacks even has videos sucking one.
Damn shame really

>>26893275
I'm not a crypto guru and I'm perfectly aware that some people have been multiplying their investments by triple digits with rando shitcoins, but that's a major fucking gamble, especially during a BTC bull run. The moment BTC takes a massive shit, so does everything else. BTC is basically the entire market for crypto and is heavily supported by it. You can overlay graphs of almost every coin on BTC's and it's a near fucking match. I'm going to personally get into crypto when the madness has stabilized.

>>26893410
lmao seriously, let's see someone with <5k build up some actually decent gains

>>26893248
cope faggot she loves white chads

>>26885415
It's probably not what you want to hear because it's not glamorous but I've made a few hundred grand from buying and holding between stocks and crypto. I also have a 401k that has a couple hundred thousand just from contributions and matching and then holding for about 10 years. I'm not expecting to get rich overnight, I'm just trying to retire comfortably though.

>>26892562
booba.jpg

>>26894135
lol you're an idiot.
Alts tend to grow when BTC crashes.

>>26886028
There are still a FUCK TON of shorts out there. The longer we hold, the longer the price stays up, the more interest the shorts have to bleed and thus the more money we make in equity.

H O L D
O
L
D

>>26885415
MOST ARE LARPERS WHO EXCHANGE FEW $100'S WORTH OF SHARES AT MOST

>>26885415
How do I get a slutty corporate gf like her?

>>26896757
ask /pol/

I unironically turned $500 into $800k in 3 years, but it was really hard work and stressful af

>>26886861
What are you investing on? I want something long term to keep me stable in the long run, I know getting insta millionaire or super rich from this is not realistic

>>26897073
show proof

>>26894374
Me started with 800 dollars in 2016 and cashed out 110k in eaely 2018
Not easy ride
Pre 2016 I had no white hair but now Ive got sideburns white and even white chest hair. Eyes look as aged 10 years. I used to wake up in middle of night to check my positions

>>26899469
What market did you trade?

>>26886479
>All these fags are dickriding a few ledditards who got superich most of them will lose money in this scam

This. You are seeing the results of lottery winners. The ones who got ruined today won't post it.

>>26885415
Most of /biz/ is LARP. There isn't many people here that have made the big bucks. Probably 5% of made it out of the wage cage. The rest are LARPing to make themselves feel better.

>>26893035
what strategy do you use annon? covered calls?

>>26896757
absolutely haram.

>>26886045
She would probably cheat on you.

>>26899827
Cryptocurrencies, never got into ICOs
I missed out on so many obvious good trades it still turns my stomach
I had my button on SELL shitcoin for 79BTC exactly according to my plan months previously
Yet I hesitated and got greedy, just one more to make 80
Sold that shitcoin for 19btc a month later
Was down to 4BTC at worst in august when BCH split off, earned more on RaiBlocks and rest is history

Wild fucking ride, wouldnt recommend

>>26885415
For every person who makes it there are a million people who lost money

>>26885415
Practically inexistant. My highschool colleagues turned insta influencer "investors" brag about 5% gains over shit stocks. It's one in a million honestly

>>26888068
why would i hate my forefathers like that?

>>26888068
you can't subvert me, kike

>>26896757
just be _ _ _ _ _

>>26891380
You will die a virgin

>>26900903
It's not hard anons

Just started investing in crypto a couple months ago and I've turned my initial 400$ investment into 6000$. I know that's peanuts as far as Crypto goes but it's pretty good for a 19 year old working at Walmart.

My advice is just be constantly on the lookout for the next easy 2x/3x/4x etc etc. I made most of the money going all in GRT, then going all in PRQ.

If you're young and still live with your parents you can afford to lose money so don't be afraid to take risks. My personal plan is if I ever break 4 figures to start siphoning profits into BTC and holding it long term. Godspeed anon and YGMI.

I assume most people who can trade $10+ on shitty stocks are probably already rich. It's not unbelievable though for some day trader to make $50, $100 k in a year if they get lucky in one trade and convert that into bigger deals

>>26893929
Kike

>>26901164
The majority of daytraders only make money on like 10% of trades.

The trick is making sure that 10% of the time is significant gains, and the 90% of the time is insignificant losses.

>>26890761
>a random walk down wall street
>no voodoo TA books

holy based, finally someone on /biz/ who actually knows what he's talking about

>>26896757
you dont want a corporate girlfriend unless your twice her income she will either leave you for a job opening in another city or be fucking at work.
I work at big corporate and i fuck 7s and 8s all the time on their way to glorious upper middle management.
only the true ice queen hard asses make it huge.

i've turned 50k into about 37k not much heh.

>>26888068
based

I saved and index funded up to 150k over 8 years. I pulled out 50k went long on psychedelic's in November and am up 100k.

With my current target prices I will be out at 800k (hopefully in the next 2 years)

>>26890761
>take profits at 30%
>up 700% after most recent buy
>in crypto

>>26892082
he’s obv a time traveler .

>>26890761
>Also check other communities and business related news on new developments

Any recommendations?

>>26894374
Attempting it now. Just pouring all my wageslavings into ETH

>>26886045
Would be based, desu.

>>26902985
retard

>>26902862
not him but unironically avoid 4chan and reddit like the plague. Both are retarded and don't know what they're talking about. See all the rubic idiots here and reddit is...well you know.

>>26886045
I have a better looking gf lmao

>>26890761
this is the most retarded advice I have ever heard

>>26903228
sure you do

It depends on your goals OP. If you want life changing money in the next couple of years there is no way around going for a high risk investment or business. Crypto is full of high risk / high reward plays, but of course coming out on top is easier said than done. Look at RBC, it was shilled here when it was still <1M cap, then went on to do a 20x in the span of a few weeks, that can be life changing for someone (e.g. 1K investment -> 20K out, good capital to build other positions).
Of course, RBC type runs are not that common, but if you know what to look for it's possible to get on with relatively low risk. To elaborate on the RBC example, a <1M cap project with a working product and tackling an important problem (cross-chain swaps) with a team and github you can verify is clearly undervalue especially when you compare it to competitors. Note that I don't care much about RBC, just giving pointers to help you see the difference between a random shitcoin and a legitimate opportunity.
Otherwise, even higher cap projects still have a lot of room for growth over the years considering the size of the industries to be disrupted. Despite LINK's growth, I think it still has a long way to go considering smart contract adoption is nowhere near its full potential. Going for higher risk / reward plays, project like QNT (QNT is for interoperability, stellar team with unique technology that isn't yet another blockchain, see these posts for more info: https://medium.com/@CryptoSeq/quant-networks-overledger-part-one-blockchain-fundamentals-db7fdb43058a)) and PNK also have a lot of potential (see this post for PNK / kleros https://medium.com/the-definancier/the-subjectivity-problem-39bdd2704cb3))

Beware that you will most likely lose money if you get into crypto, but as long as you earn more than you lose you're fine. I suggest avoiding trading and preferring buy & hold because for the vast majority of people that'll give them better returns. Good luck anon

I don't wageslave because reasons and have financial advisors that do the bulk of my investing.

I like to do the high risk meme stuff myself though

>>26903648
>damn nigga you scept me to read all that shit

negress qveens > used up white sluts

>>26893312
send it

>>26885415
Went from about 6000$ net worth this time last year to just about 126,000$ today.
How?

Iron hands and Chainlink.

Best you can hope for is a 50x when we hit 1k eoy.

>>26903898
Well I'm trying to help with practical info and examples instead of vague "yeah crypto is good you can make money bro"

>>26898438
how do you want me to show proof faggot
I have more than 3k txs in my wallets
Or do you mean balance

>>26893595
Why coinbase and not an alternative?

Is turning $10,000 into $20,000 in a year through trading stocks realistic?

>>26890761
>Avoid crypto and option trading.
Stopped reading right here

>>26885415
trade INJ. the team is freaking active and new developments priced in well. this shit launched its testnet but the price made 10x only in a few months. so a potential DEX king, Injective has a long way to take

>>26886317
goddamit. this could have been me if i had balls. what was ur exact play?

>>26907661
Bro you can turn 10K into 500K in a month easy. Imagine if you had invested 5K into GME when the stock was at $4 and sold when it was $350. Do you understand how easy it is to get rich?

>>26891696
teach me your ways anon

>>26886028
Some truth to this.
I've caught out at least 4 people claiming online to be "online traders" 1 was a student 2 were on welfare the other seems to be a trust funder. Idiots post about themselves online and think there's no way to findout who they are.

>>26900625
Crypto seems way more stressful but one of the only ways to get gains like that without getting insaely lucky on a stock out of left field with starting capital as low as you had

Good on you man, I hope I can be there someday

>>26891380
>Businesswoman mommy
She’s a fucking bottle girl

>>26894374
Ok nigger, if you would've bought GME with 5k exactly a month ago you would be sitting on 80k right fucking now.

trading is fucking risky but investing seems safer.

i have a GEM like tokamak network that is the first L2 aggregator of the crypto-cosmo. team members are brilliant korean guyz and it is a new generation L2 solution. the increasing workload of ethereum network will cause most dapps to use the L2 solution. so i am waiting for a huge L2 hype and TON can be the star of it

>>26894480
How much did you start with?

Haven't quite made it to "riches" status, but I did take $15k and turn it into $75k from trading BTC. I then took my BTC, converted to USDC so that I could earn 8% interest on Nexo, and now I'm just sitting on it until BTC drops back down to the teens or lower...I'm just hoping this retail trading frenzy doesn't reignite the BTC bull run from a few weeks ago

>>26910036
you know that this gme squeeze is basically never going to happen again right?

I traded $50k IRA into $100k in 14 months. Got bagged in XOM. Picked ZM and MRNA early but sold too soon. Same with DDD and some others. Take profits too quickly is my problem need to let it ride. So this year I only take %50-100% profits. So far did ok buying last summer in AMC and crypto miners, X.

>>26911846
not with that attitude

i make about 75k a year and since 2014 have turned a negative networth into near a million. mix of stocks, crypto and house appreciation. ill retire plenty comfy at 40.

>>26891380
Whore

>>26912297
1. laws will be implemented that will help these hedgefund jews further 2. no one will ever short like this again

>>26913318
negative million net worth, not bad anon

>>26885415
Nah, Robinhood cucked me from joining in on the fun. I had a 1k buy order for this morning and the fags cancelled it

>>26885415
Chainlink saved me from working construction. I'm now worth "only" a couple hundred K but holy fuck yes trading saved me.

>>26913919
i had 30 shares and they force saled at $150. I don't know why, I didn't even notice it until i started questioning why my chart flatlined.

since when is /biz filled with this many poor people and no coin copers
it truly is nubiz, so different then the bear market just a year ago
i am a europoor and even i managed to scrape together 120k eurinos to throw into crypto in early 2019 because /biz teaches you how trading cycles work
and i am a poor fag because we have leftover people from the 2017 top, there are legit 8 digit networth posters here but unlike plebbit we don't have a cult of personality here so they don't brag

if you were here more then a year ago, you would know this is true because of the lifestyle and how to turn crypto stacks into generational wealth threads

>>26914565
yes bull markets bring in a shitton of newcomers