/biz/ - Business & Finance

Everyone thinks daytrading is easy when in reality every single other person is trading against you.
The only daytraders who make profit are those who daytrade in bull markets. And 99% of the time they make less than they would have made more by just parking their money in SPY
Daytrading in a bear market is extremely risky as market generally moves up over time and you can and will short bottoms. And option premiums are EXPENSIVE. Options are just a casino and institutions have them rigged.
90% of people who decide to quit and daytrade as their job are down to 0 in 3 months.

>inherit 100k
>throw it away instead of squirreling it away

>>53162134
>Everyone thinks daytrading is easy when in reality every single other person is trading against you.
Basically the only way to make it is to 'trade with the market'. Big, obvious moves like when the market has been pumping irrationally during a bear market but the quarter is about to change and there's fed minutes or whatever. Then you go short or invest in inverse etfs. Or when the market has shat the bed for 2 months and is ripe for a squeeze rally as institutions destroy retail shorts to make money. You want to get rich off the market? Trade with it, not against it. Let other people fomoing in carry you to the top, don't try to make your money by buying at 10:30 AM and selling the lunchtime bounce or whatever.

>>53161989
Somebody should tell him to go all in SOXL

The vast majority of day traders lose money. but the ones that make money make a lot. they are some phsycho retards that can understand it like most people can't.

>>53162592
What's the catch with SOXL? It honestly feels like a cheat code where you just buy in at single digits, dump half at 30, the rest at 60, and then wait for it to go back to double digits again to buy in.
Is investing really that easy?

>>53161989
Literally just buy 100k worth of litecoin
Wait a little bit then retire

>>53162744
>semis drop another ~30%
>get wiped out

>>53161989
>The only daytraders who make profit are those who daytrade in bull markets.

Wrong as FUCK. Confirmed you have no clue.


Day-trading works best in bear times.

When the bull-run comes is when you sell and sit out of the market, the bull-run is the day traders holidays.


t. actual trader

>>53163676
>sell when the bullrun starts
>t. actual tarder

kek

>>53161989
>daytrading
LMFAOOOOOOOOOOOOOOOOOOOOOOOOO

>>53161989
is this something people actually do? people really ask for advice on important things from random websites??