/biz/ - Business & Finance

>>55512561
Its never profitable ever since it became a meme back during ,com. You're cost per transaction in taxable income and trading fees means you are just making a running loss. if you are going to do tax avoidance to live then its not even a very good way of doing that. You can't predict events like earthquakes for example. You are not a special unique talented snowflake. In fact because you ARE day trading then you ARE a tard. Even NEETs on social welfare are smarter

>>55512574
I'm not day trading, but wondering if learning how to properly is worth the effort or not. I don't think I get taxed on every trade in my country, just capital gains, which is nice.

>>55512574
False.

Anyone who catches a bull-run parabolic green candle is always profitable.

>b-but thats impossible

No its not, it requires simply being an active market participant and not constantly shorting the market over n over again.

Going long over and over again, ,even if you get liquidated, is where you eventually make it.

Eventually your 100X long position will catch a parabola movement to the upside, and that is where your big money starts.

>Taxes

Everyone pays taxes retard, whether you earn it as a surgeon or a trader, youre paying taxes, who gives a fuck.

>>55512561
i day / swing traded up 10k in last 3 months, then down 2500 in a day, then back up 1500 in 3 days. its stressful and i would have made a lot more if i bought the bottom and held rather than constantly swinging every large move

>>55512653
How much capital are you using to trade those positions, or are you using leverage?

>>55512659
no leverage or options, just buying dumps and selling pumps. it was a few 1-5k buys that returned 20-100% pumps

>>55512581
It's not. The market will always beat you in the long run. Worst you can do is win a few trades in a row and think you are some kind of genius, and then proceed to lose all your money either with leverage or through commissions/spread which gets larger the more leverage you use. It's just a honeypot for idiots.

>>55512587
>Yea dude keep playing the lottery and you will eventually win it.

You're a total fucking moron.

>>55512747
Thanks. Do you use any TA or indicators or do you just buy red and sell green?

Nope

>>55512561
test

>>55512848
You lost $17k swing trading?

>>55512940
Yup.
That's just this year, 60k in 2021 and 15k in 22.

>>55512587
>Anyone who catches a bull-run parabolic green candle is always profitable.
Unless you went short.

>>55512948
Why didn't you learn your lesson, or are you up overall, somehow?

>>55513024
Mental illness and no I'm basically destitute now.

>>55512561
it's profitable until it's not. This is a scam market and the exchanges and market markers are scammers, they know everything, your entry, your liquidation price, your stop loss if any. They have infinite tethers that they can wash trade with to move the price where ever they want. They collude in signal chatrooms, they sell the data of their users so that others can trade against you and according to the SEC suit, exchanges like Binance even have employees that they pay to trade against their users. If you keep playing they will win eventually and when you use stop losses and try to be responsible they will stop you out almost every time so you will be losing a lot of money that way.

Remember that this space isn't properly regulated so anything criminal that they can get away with at this point they will do. It's a scam market.

>>55513213
Basically this.
Very rarely did I ever make good trades, basically pure luck, how I haven't suicided yet must mean I like the pain.

>>55513057
You're joking, r-right?

>>55513406
I sincerely wish I was.

>>55513415
Goddamn anon, I hope you fall into some luck.

>>55513469
Ha-hahahahahha
I'll sooner fall upon a sword.

I tried "luck" over and over again that didn't work.

>>55513482
I am not sure day trading is really luck, judging by the responses in this thread it seems like a bit of a rigged game, for most.

>>55513530
It is, delusion and false hope combined with a rigged market has taken more lives here than we will ever know.
Only reason I haven't killed myself is because I've been hardened to fortune by fortune itself.

>>55513530
basically when you get lucky it just means that there was some bigger fish on the opposite side of your trade who they wanted to steal money from first, that's my theory anyway. If you want to mess with trading then do it in a bull market when there are lots of people trading and you're a small fish. At times like this liquidity is low and they'll be looking to steal whatever they can. it's definitely rigged

>>55513600
The only way to make profit is by realizing which coins a whales about to pump problem is they absolutely can see your buy in and will decide to stop the pump if they feel like it.
So you buy a coin thats up 5% looking like it's gonna be the gainer of the day you buy in.
it shoots up 10% you think it's gonna run.
Stalls out for a second, dumps 17%

Now slowly bleeds out from all the fish stop lossing.

Now you're down 5% goodluck because if you market sell takes another 1-2% in hidden fees now you're down 7%

Now go find your next coin oh but if you market buy it expect another 2% loss
Etc etc etc until you're broke.

Or just don't be me and be sane.

>>55513562
>>55513647
What did you lose most of your money on, just pump and dump shitcoins that you tried to dip in and out of but got stuck holding bags?

>>55513741
I was actually at about 90% win rate until I sold all my eth for Link and HBAR which both took 90% losses, after that I never made it back, missed a few chances recovering by literally being away from my computer by 10-30 min to execute the sell which would have gotten me back my money.
Then I took a major CTE at the end of 2021 and never was able to recover my mental faculties.

>>55513754
>I was actually at about 90% win rate until I sold all my eth for Link and HBAR which both took 90% losses
Christ. Are you buying back in and waiting / hoping for the next run up or are you done with crypto entirely now?

the secret is to kill your greed and trade only assets which move enough to earn 100 dollars every day.

>>55513814
>it all starts with the 5 day EMA (green line). I rarely buy a stock under the 5 becuase downtrends usually happen under the 5 and uptrends usually happen over the 5

>>55512561
I would never do this full time but I take easy trades then they appear, never chase trades. Sometimes I go weeks without a good setup just waiting for range high or range low. But as a result my strike rate is pretty good with low stress.

>>55513782
Broke so done.

>>55512574
>never profitable
dont be salty about your personal exeriences

>/biz/ness and finance
>noooo dont try and find direction, just buy poopoopeepee coin and pray it go up!

>>55513213
you dont have enough money to make them notice your entries
its more likely you are buying at predictable prices
thinking the market is personally reacting to you is called schizoid personality disorder

>>55513890
RIP

>>55514058
>>55514041
>Don't notice
Bots aren't humans
>schizo
Fuck off tranny.

>>55514075
Money is money it's only a means to an end.
Broke today, but things might change who knows crazier things have happened to me.

>>55514124
Good attitude, easy come easy go, it's not the end of the world.

>>55514129
It was a few days ago, but I've had way worse why let this bump slow me down.

>>55514124
you are too poor for the bots to notice you
you have no concept of the scale of this game
you just have bad entries

>>55514165
Post your net worth with a timestamp.
Also your hand because we all know the color of your skin.

>>55512561
The trick to day trading is to do what market makers do. You won't make a lot but you won't go bankrupt either.
Or just go work at citidel and use other people's money.

>>55513754
Chuds are busy converting shitcoins to ETH on Eggpot and you sold your ETH? Only morons take the jew's advice

>>55513741
This is where Eggpot becomes magical with shitcoins and are converted to pure gold value

Might as well go the casino and bet it all on red

>>55512561
Super profitable mate. I'm going on a vacation because I have made decent amount. Booking my flight via CryptMI app.

>>55512843
basically just autism

>>55512561
unless you are up more than 40% YTD you are behind just buying and holding a QQQ etf.

>>55512561
Yes. I've been doing it as my sole income source for over 25 years. I use remote viewing to view the next day's charts.

>>55514058
>you dont have enough money to make them notice your entries
imagine thinking that there's any liquidity in this market, if you're trading with more than $500 they're noticing you, it's majority wash trading and 90% of the volume is fake. When there is a real bull run then yes they won't notice you, but they notice everything now.

>>55512561
Yes, I have Blackswan Bot. It's a revolutionary ChatGPT powered trading tool to analyze news in real time and instantaneously execute trades to profit from all eventualities. more info at website: blackswan dot biz

>>55515273
Bingo when 99% of alts have less than 500k volume 500 might as well be 50k.
>t. just woke up from a dream thinking this last week was a nightmare
I'm gonna likely have another mental breakdown yay.

>>55515234
rate my pp
>$8,728.10 (118.58%)This Year

I trade options professionally, and I call bullshit on anyone that thinks they can profitably day trade.

day trading crypto? unless its eth or btc it can get way to spikey and blow your stop losses in a hurry
NAS100 or audusd/eurusd forex pairs? you can make it if you find a good strategy and stick to good risk management. mission fx, trade with tim
look them up, its profitable but man oh man you have to put in the time to figure it out

>>55512561
Just another means to get some greedy faggots rekt. Found myself caught in that bubble but broke free. Earning peacefully is bliss.

>>55516873
Can you really earn peacefully? A coin making 10x today can plummet all the way down tomorrow. Crazy out here.

How much capital one needs to get started?

>>55517110
Earning by farming stables for yields is as peaceful it is especially on a platform like SpoolFi that auto compounds yields and linked with the elite yield generators.

>>55517228
Realistically 30k, 1 btc worth and just wait.
Trading alts is risky, if you're going to pick a blue chip maybe wait till a leg down it likely might happen then scoop up an alt and wait.
If you trade, if you NEED that money you will lose it.
If you can buy and wait and I mean really wait you'll come out ahead.

>>55512561
Is casino gambling profitable for you?

>>55517286
>Can you really earn peacefully? A coin making 10x today can plummet all the way down tomorrow. Can stable coin yield farming give decent yields lately?

>>55517584
Yields for stables have greatly improved over the last cycle. We're no longer stuck with CEXs that scramble to give 4%; Defi gives way more due to innovations like smart vault incentivization

>>55514196
>>The trick to day trading is to do what market makers do
is there course on this, or some youtuber explaining it