/biz/ - Business & Finance

>>56784567
unironically it requires a steel discipline to deal with the markets on a regular base, even if you're a skilled trader

>>56784567
balls of steel, discipline, thinking outside the box, being able to self teach and research

>>56784567
hopefully the mindset. you can't cry over loses, you can't get upset that a method isn't working out. you have to adapt to the situation and know when your plans work/don't work

>>56784567
You need years of gambling until all emotion dies and all your receptors are fried. Understand the game is rigged and you will lose everything in seconds if you're still an emotional fag. Be ready to win but accept defeat at any time. Have a bad day from now and then, but a good week overall. The only power you have is too retire at any time you want, and that's all it takes. Don't be afraid to gamble away 100% of the little profits you get. One big hit is all you need. If you can gamble away lots of money without feeling anything , then you're ready to take on the world or die trying.

>>56784832
>unironically it requires a steel discipline

>>56784567
How does gambling benefit society?

>>56784855
>thinking outside the box, being able to self teach and research
Mostly this. Although you will suffer. But its fine you've already paid the price.

>>56784567
from the looks of this thread I'd guess cocaine and overconfidence.

>>56786563
>from the looks of this thread I'd guess cocaine and overconfidence.

>>56784567
having lots of money and being highly retarded

>>56784567
Being able to be consistently lucky

>>56784567
>What makes a trader talented?
the ability to sell. thats all it takes.

>>56784567
Bad traders are gamblers
Good traders are risk managers

>>56787435
How do you effectively manage risk?

>>56786527
>You need years of gambling until all emotion dies and all your receptors are fried. Understand the game is rigged and you will lose everything in seconds if you're still an emotional fag. Be ready to win but accept defeat at any time. Have a bad day from now and then, but a good week overall. The only power you have is too retire at any time you want, and that's all it takes. Don't be afraid to gamble away 100% of the little profits you get. One big hit is all you need. If you can gamble away lots of money without feeling anything , then you're ready to take on the world or die trying.
Boomer mindset. Just trade and HODL 99% of the time then launch your own memecoins. It's that simple.

>>56787435
Hedging, setting up sensible stop losses and taking profit at the right time.
You should run strategies that you know your max loss before entering, and this max loss should always be something you can weather.

>>56789307
Meant for
>>56789063

being able to do copy trading properly. no biases and no boundaries, pure facts and appropriately adjusted gut feeling. tradingview, binance community charts, contacts.

that's just me at least. copy trading has made daytrading pretty bearable so far (lost my job a few months ago). now looking forward to getting into beoble, maybe i can get an invite soon. it's tg but exclusively for cryptofags. fake some friends there, see how good they are, copy if appropriate
>>56784855
finally, this.
.

>>56789440
I don't like the part where you say you're going to pretend to have friends

>>56786550
how does anything outside of construction workers and doctors benefit society really. it's all made up play time bullshit to justify lethargic consoomerism and a pathetic sense of community, which is more of a disgusting amalgamation of what communities are actually.

>>56784567
3 things:
good intuition
always trade with someone else's money (never your own)
luck

>>56786563
someone says cocaine?

>>56786603
excellent, now all I need is the money

>>56789082
>Launch your own memecoin bro
Going absolutely nowhere unless there's a reason/market niche fit for it to sell itself (so tech etc., which is a BIG investment) OR unless you have the money to hire BIG sellout influencers (which is another huge investment).

Not worth it. Too much garbage getting released too quickly. Thank god for braindead easy platforms that let whatever retard generate 30 shitcoins a second.

>>56789307
i never knew edging was actually a good trading strategy

>>56786633
THIS, trading is a scam, you just have to be lucky and that's all.

>>56789440
this.
get with the right crowd and be a sociopathic creature capable of using a mask with other people, unironically. i was in two discord raid groups to pump/dump shit and i was in the pump side and not the dump side. easiest cash money of my fucking life.

>>56789500
you speak like a resentful person who did not know how to invest his money correctly

>>56785232
psychotrading is extremely important

>>56789468
whats the matter with it? everyone pretends at some point

>>56789468
Emotional homosexual detected. Poorfag protocol detected.

>>56789440
this + all the "don't have emotion and learn how to deal with major financial losses" just demonstrate that good traders literally have no soul and unproper brains that don't work properly.

None of this is human

>>56789478
If you lack 1 of these three, you can get killed.

Not recommended.

>>56789440
>tradingview
>proper copytrading
wow what a fucking moron.
at least you got right the socializing aspect of it.

>>56789486
get a suggar mommy.

>>56786563
>>56786569
Daily reminder: Wolf of Wall Street is not a role model/inspirational movie.

>>56784567
Pattern recognition, psychopathy, huge self-discipline, with the ability to introspect and recognise mistakes. Very rare set of skills because humans are usually EITHER introverted or extroverted, but this requires both as well as dark triad traits.

>>56784567
be friend of some politcian

>>56786550
State sponsored gambling pays for social services

>>56789556
No one asked tankie

>>56784567
Finding a niche trading style that consistently makes you profit every day, even if small.

I found that I don't have patience, so I needed to find a method where I only hold for 10-30 seconds, otherwise I panic. Because of that I have to settle for $200 profit a day most days, then *stop trading*.