/biz/ - Business & Finance

>>56753492
you werent supposed to tell anyone anon...

>>56753492
>BTC hits support, buy
>it keeps going down

>>56753529
Then just wait until it goes back up

>>56753530
>i'm now down 70% and the price is 17k, I give up. I sold

>>56753538
Unles you bought the absolute top then this will never happen

>>56753538
Or instead of selling you buy even more and break even quicker and make more profit

>>56753530
I tried doing that in the summer of 2022, and there were a few times where I had to wait like 2 weeks to break even. At that point, that time is just wasted money. Setting stop losses fixed that problem, but for me, one typical losing trade would take away the profit of 1 and a half the amount of profit I would get from a winning trade.

Another frustrating thing too is that whenever Bitcoin would rally up to thousands of dollars, I would be at the sidelines not doing anything cause the only way to trade is when it's crabbing.

>>56753492
Can you niggers stop peeing in the pool

>>56753492
I tried this. It doesn't work.

>>56753492
so you're saying buy low sell high? holy shit, ground-breaking

Test

>>56753492
I'm actually doing this now. It's my first time buying crypto too. But I think this works only in a bull market

>>56753530
>what is a stop loss?

This the moment you revealed you are low iq nigger

>>56753529
It doesn't matter because I only put 0.005% of my net worth, I just buy again at the bottom of the next red god dildo and then sell at next resistance, rinse and repeat. Infinite money printer glitch baby

>>56753492
this is basically true. a stop loss to prevent losses when the market is manipulated away from probability

probably a big red pill most people can take is that a $100 and 10 $10 buys is taxed the same
100 x .1% = 0.10c
10 x .1% = 0.01c x 10 = 0.10c

so its free to average down. and you're much more likely to find the near bottom with multiple buys than by pulling the slot machine lever 1 single time

>>56753492
resistance can become support and vice versa

>>56753492
>buy in dump/sell in pump shit
I've done it so many times and I'm still not rich, the only good thing I got out of it is that now I can avoid fees with VINU

>>56754149
>Stop loss gets triggered
>Btc goes back up and now you are at a loss

>>56754823
Like this

>>56753654
Just avoid buying or selling everything, you greedy mongrel.

Bump

For me it's socially engineering my way into good traders' minds. I'm in a few business discord servers and I practically get free high quality calls from my frens while I add very little other than being funny and knowing exactly what kind of shitposting gets to their hearts. It's that easy. Beoble is practically designed for me so I can't wait for that to drop soon and continue my little charade on greener pastures.

>>56753492
Buy high, sell low!

>>56756186
Tell us your sekrits anon how do you do it

Also what have you bought recently ;^)

>>56753530
It's quite literally that simple isn't it.
>>56753538
You are a little too negative anon, not good for the vibe. Not good. You know trading is 90% vibes and having a good mindset don't you?

>>56754927
This. Niggers in this board really need to understand the art of selling a lil sum sum buying a lil sum sum. Shaking my head to be honest familia.

>>56756186
So basically you thinking that this crypto telegram would actually lead you to good chances? Cant decide if you are stupid or just dumb

>>56756233
Not anon but buy sol.

>>56756257
My familia.

>>56756186
congratulations anon, we already know that you can hold a conversation on a phone call. you are already superior to 95% of the Z generation

>>56756186

You are dependent on better minds and they will leave you.

>>56754774
we live in a society

>>56756233
You know when stupid normies think they are edgy and cool but it's not 4chan-tier ableism and racism? Find that spot. Makes most cryptobros laugh and they'll practically instantly like you because you hit the spot. I don't know how to explain it properly but it's something like that.

>>56754823
yeah well the only 'solution' to this is daytrading. go ahead and try it, see how you like it.

crypto is a risky venture no matter where you pinch it from.

>>56753492
thanks, now I just have to guess when it will continue to pump and when it will dump

>>56754186
>>56754823
Sooo which one is it anons?

>>56756204
Based

>>56756257
it's like living off crumbs, not everyone likes that kind of business

>>56753603
didn't read. have a (you), tripfag, i'm feeling generous. test.

>>56754186
but it usually prevents your profits from being higher

Here's a little tip I learned along the way:
Buy low, sell high