/biz/ - Business & Finance

>>54337775
Why didn't you paper trade first?

>>54337775
NO REFUNDS
THANKS FOR PLAYING

>>54337775
I lost a shitload my first year trading.
And yes, you need to quit until you examine what you did wrong in every trade and find a system that actually works.
Yes, >>54337800 has digits and is right.
Or just continue pissing away your money.

>>54337775
> After a year, I'm finally at the point where I want to give up.
Why? You’re just now getting to the fun part

>>54337775
I realized this in 2021 after missing out on $800k and losing $40k. The taxes were brutal too. Now I just trade in my retirement accounts. GBTC, ETCG, IBKKF(cardano), and other crypto associated penny stocks.

>>54337775
you're just about to make the trade that makes it all back bro, keep going

>>54337775
>2023
>still trading
lol

>>54337775
trading is hard. its more art than science. you actually need several years and see the full extent of a cycle to gitgud. experience matters more than anything imo and you need to specialise in your innate strength.

>>54337775
backtest your strategy first retard

>>54337775
best trade i've ever had

>>54337775
These fucking exchanges trade against you and try to trap and liquidate you, the only way to win is to use low leverage and even then you're not truly safe.

>>54339274
true, but they just try to hit your stops, not really liquidate your account. price would not move very far if they didn't liquidate people's stops

>>54339291
just gotta enter when people's stops are at, not that hard.

>>54339523
wrong, half the time price just keeps going after hitting people's stops...

the areas you want to focus on are the ones where they take out both longs and shorts, at the same time.

>>54339620
well that's where risk management comes in. If you can enter even half of the time at higher high or lower low and it reverses hard the other direction, you just made an impressive RR trade which should more than compensate for the other half of the time where it keeps going and going and stops you out.

>>54339274
Yeah I'm sure a billion dollar company cares about your 500 bucks.

>>54337775
Probably learning from the wrong people/sources
Mark Minervini (Took him 6 years to become profitable)
Mark Douglas
Oliver Velez
Kristjan Qullamaggie ($10k into $100million)
Jesse Livermore
William O'Neal
Traderlion has a good channel on youtube where he interviews lots of the US investing/trading champs and other well known pros.

>>54341021
"Controlling your losses is the first step towards profitability. You don't do anything to make a trade win, the only thing you do have control over is your losses" or something like that. -Oliver Velez

>>54341065
>>54341021
More pictures

Trading is for retards. You had one job, buy and hold an asset that goes up.

>>54337775
I lost almost exactly as much as you on FTX (not rugged just liquidated from horrible risk management)
Eventually I just cut my losses and withdrew what I could to my bank account
people like us were meant to buy and hold until 2025

>>54337800
every paper trading platform has shit-tier spread and horribly lagging price that makes it not very good to learn on. could just track it in excel I guess but that's too much work

If you really want it bad then I've heard good thing about this resources:
https://docs.google.com/document/d/15c3rN15rkXldY8Te3GDG4NG7noaaoikydOoZQlElwXw/edit
And EmperorBTC on Twitter

but dude like me made more freelancing dev work than I ever did trading.

>>54337775
>Trading
>A highly speculative and volatile asset

Lol. Just DCA and hold you nugget.

>>54341065
is this a mockery kek

>>54341345
What if you DCA and hold the wrong coins?

>>54341387
I only buy BTC, since majority of alts don't even keep up in sats.

>>54339202
is this pnl a joke? I wipe my ass with 27k (less than half a years average wage). Youre just a gambler, faggot

Literally just buy low and sell high, I don't know how you retards fuck this up so consistently

>After a year, I'm finally at the point where I want to give up.
Bullish af, waiting for OP's complete capitulation, tho.

>>54341130
I ain't no daily trader, but you best believe I'm all about them long-term gains. I stick to low-cap gems like VRA, Sylo, Ngm, and all that good stuff. Gotta keep up with them multiples, amirite? Plus, I already got my stacks with the big boys, so I ain't gotta worry 'bout the short-term fluctuations.

>>54341202
This is sad ngl

>>54340677
Fuck yeah else to raze it down will be my next resort, no one fucking with my hard earned funds.

>>54341432
Bruh, it's these plebs out here making some straight up stoopid ass moves on trades. Like, who even told them to buy right now? Don't they see how wack the market is right now? We been shouting since 19k, 15k, but they was all like "3k is coming, bro." Now look at 'em, low lives slurping at 28k. We still early in the game, but mark my words, they gonna be crying real soon. Meanwhile, they over here sleeping on alts like Rune, Muse, Ride, RLC, Ldo, and all that. They can't even count their teeth, yet they out here claiming to know TAs. BAKA.

>>54341408
yeah so then gamble right you drilled fag

>>54341352
More like it.

>>54340677
There is millions of that "500 bucks".

>>54341021
lol you are so cringe
>muh Twitter
>muh YouTube
kill yourself

>>54341202
>people like us were meant to buy and hold until 2025
Based and this pilled. Every time I've tried to trade shit on a relatively short time frame I just end up losing money and get stressed out watching charts all day.

I prefer the brainlet strategy of DCAing into crypto that looks good and holding until the next bull market. Even if what you go with doesn't pump bigly the most likely scenario is that whatever you choose will get pulled up with the rest of the market and make a decent profit regardless.

>>54341396
DESU, it all comes down to what kind of alts you're copping. Some might meet your expectations and even go above and beyond, while others are just straight up shitcoins that'll never see the light of day. AI gems are where it's at, chad. That's why I got my eyes on Ocean, Asto, and AGIX - those are the big ones right there.

>>54341822
>I prefer the brainlet strategy of DCAing into crypto that looks good and holding until the next bull market.
Not everyone likes looking at the screen every second of the day, even my anti-bluray glasses are failing me, so I get tokens I've done research on like UMOON, Ride, Stg, and more I do the needful like stash them till there's a good TP point.

>>54337775
stop taking your own plays. You fuckin Ray Dalio or something?

>>54341957
who do I copytrade? My biggest reason for losses is emotions and not being able to just fucking walk away from the computer when I've taken enough L's, leading to revenge trades.

>>54337775
this is a long term game that is not for the fearful.

>>54341722
the market moves slow.

>>54341387
Well, hot damn! You gotta get yourself some altcoins with mad staking potentials, as staking's the new gold rush. Check FTM, MyS from Magic Yearn, AXL, or even doge which has slid far from its ath.

>>54341907
Don't even get me started on those altcoins that rely purely on social media. Besides ETH and MATIC, my PF is not complete with MyS token since you can use it to mint exclusive and enchanting myNFTs that come with built-in royalty

>>54337775
backtest your retarded strategy retard
learning python is not that hard
getting the candles is not that hard (all the big exchanges have libraries that do everything for you)

you can start out with tradingview and their dumbass memescript to get the general idea

spend a month salary to trade. Always in red.

>>54337775
Look up John Templeton. He became a billionaire by value investing and holding long term. His average hold was 4 years. 1 year is nothing.