/biz/ - Business & Finance

>>53415649
Thinking if it's worth the stress and headaches. I dont have alot of money so i'm trying to 100x leverage but for every win I make 3 losses again and back to where I started.

I just trade with 100 or 200 bucks (yes I have a job, but also a house and car so bills to pay and also need money to invest in spot)

sometimes i grow my 100 bucks to 300 bucks, but then a week later im back at 100 bucks again.

I dont want this anymore

>>53415655
You are allow iq then it’s pretty easy to make 100$ in a day take your profits and take a break instead of fomoing in like a retard

>>53415687
>You are allow iq
Kys.

>>53415687
>allow iq

yeah thats the thing i dont believe. If it's easy to make 100 bucks in a day everyone would be doing it so where would this money come from then?

>>53415710
100 usd = 2 points on ES = only 8 ticks
it's piss to earn 100 usd.day, but everybody wants more and they start fucking up

>>53415649

What buy/sell signals do you use?

>>53415649
sooner or later you will lose money if you do not have the discipline for it.. and belive me you likely dont. It is better to trade with assets you do not mind holding your profit will not be amazing but you can live from it.

>>53415721
thats $2800 every 4 weeks

well above minimum wage

and its piss easy/

I feel like im constantly being scammed by everyone with false hopium

The house always wins. For every winner there are 9 losers otherwise where would the money be coming from?

>>53415732
mostly fibonacci

What do you guys mean when you say you are leveraged? Who the fuck would lend you schizos money lmao.

>>53415861
It's play leverage basically. You increase leverage and then your liquidation price automatically adjusts.

So you get BTFO immediately when the market moves against your position by $1

>>53415649
Its impossible unless u have bunch of starting capital. You can't risk more than 5% per trade. Otherwise even if you lose 20-30% of time those losses will outweigh your gains

>>53415649
Too much work honestly. I had a pretty successful strategy nickel and diming kucoin. I would 10x leverage at what I think was a local top or bottom, get the fuck out after 10-30% gains. You start getting greedy, you get liquidated, simple as that. The schizophrenic aren’t wrong, exchanges hunt down liquidations and they will set their sights on you

>>53415738
>I feel like im constantly being scammed by everyone with false hopium
Your feeling is right. There's no free money
Trading is much worse than a casino. In a casino or a slot machine you just come in to have fun with no expectations. In trading you're given this false hope of making some money in some far future. But it's a lie, as less than 1% of traders are profitable on the markets long-term
You can always make more money but time is a limited resource, use it wisely
And never, EVER trade crypto. Crypto is a huge fucking scam (see sam bankman fraud). If you want to practice trading just to it with regular assets of the stock exchange e.g. futures contracts

>>53415965
yeah just what I was wondering

Thanks fren, for giving me some light in these dark times

>>53415738
>>thats $2800 every 4 weeks
indeed, there are 20 trading days per calendar months, so it's more 2000usd/months before taxes.
it is easy to day trade and earn the equivalent of a wage, that's a how insane it is . however controlling greed and reducing the risk, cutting loses is hard at the beginning.

the reality is that 99% of the population needs to be wagies, because finance is based on stocks and bonds, which are based on companies, which requires slaves.
If 99% of the population would be trading, then it would not be possible to have a comfy life retail trading. It is actually a good thing retailers lose money so that it deters them form finance and they keep being slaves.
You always have to think just a little outside the box to get the advantage of society while downplaying its drawbacks, and trading+controlling greed is just this. You live on the margin of society like this.


Also the major fuck up by retailers is to trade shitcoin and options.
You can trade cryptos with the CME futures if you really want cryptos.
Options are even more suicidal
With options you create 3 bets at once
-the direction of the price
-the timing of the entry
those 2 bets are common with all assets. the third bet is what kills optiontards
-you bet on how fast in time the price will rise to your target
and this third bet is absolutely insane.


My technique is really not that hard for ES. But ofc course you need to do lots of training on micro ES before that or even demo account, each one for 6 months. My tip is to trade 2 lots (not 1) so that you can partial close your profit (not taking profit is classical retail mistake)

>>53416151
I do ES trading with stochs and and RSI divergence on 1min and 3min charts, the trick is to use seeral periods, and EMA 10 20 50 200 and vwap, this guy is doing like me (but I use RSi too)
https://home.daytradingradio.com/
https://www.youtube.com/watch?v=L9fd5NH4IUc
he has a live show free of charge everyday, currently airing


open a free account with cheap broker like ninjatrader or optimusfutures or degiro

Also try the ETH, ES and DAX are comfy during the pre market phase. up until 11am ET. If you can't trade premaket then try ES and Nikkei

By the NY open is really not that great. lots of crabbing.

Generally 100 dollars is done easily during the pre-market.

>>53416206
ok i just shorted and longed btcusdt on bitget

but my intiial is 100

what you say is double your money every day or something? That doestn seem sustainable

>>53415649
It's not totally a meme in the sense that some of those patterns are evidence of certain underlying mechanics, e.g. the symmetric expanding triangle would be produced by increasing volatility caused by increasing disagreement (as indicated by buying and selling). Since you cannot maintain ever-increasing disagreement forever, one "side" will have to win out eventually. Nonetheless, these sorts of signals are trivial to manufacture, by the self-interaction of the system, i.e. people knowing about TA, if nothing else.

I get fucked over too many times. Before I go to bed, I’ll be in the green and I always make sure to have some usdt available to auto deposit just in case. I wake up the next day and sure enough, I’ve been liquidated. I check the chart and there is a sudden spike downward just far enough to hit my liquidation price, then it bounces back up.

Every time I try to stop, I end up doing it again 1-2 weeks later like a retard.

>>53416389
Forgot to add that the opposite happens when I short. Fuck this shit

>>53415655
Lower your leverage

>>53416389
>>53416410
why liq and not stoploss?


>>53416428
I used to do that but it would just go up and down by 10 dollars, not worth the time to be honest

so now I put 100x to hopefully either make it big or get liq so I can finally stop. I got a rule for myself once my leverage trading account is 0 I will stop. But it always goes between $100 and $1000

Im thinking of just not using a stoploss anymore just so I can be free from it. Im gonna try short 23.1 next it goes there and not use a stoploss see what happens maybe i will finally be free

>>53416443
Because I’m low IQ. Even if I’m actively looking at the chart and I’m in the red, I always feel like it’s going to recover.

>>53416597
well i hope everything will work out for both of us bro

Spot trading is good enough for me, buy BTC, ETH and MATIC. Wait until the bullrun and make bank. It's so fucking simple, I don't get why retards want to lose capital leverage trading.

With bookmap it's even easier to make 100dol each day thanks to seeing inside the candles

current live show here
https://www.youtube.com/watch?v=-KYmu7tsk8I