/biz/ - Business & Finance

Not yet but about to be

>>7809736
Not yet, but soon.

The upfront capital you need to be successful is high.

Trust your gut. So many times I panicked when my predictions eventually came true.

>>7809736
95% or so people fail, maybe you can be the 5%

21 btc?

>>7809736
go for it. get a payday loan and start with those massive gains

You can make it if you learn real hard, make plans and actually stick to them.

Chances are proper portfolio management would net you more in the long-run though.

day trading what?

Quads and link goes parabolic

>>7809736
if you can't devote 8hrs a day to crypto then i do not recommend it. it really is a fulltime job.
also dont get greedy. i cant count how many times i watched a successful trade slide back to even or a loss because i wasn't satisfied with 20% gains

>>7809736

If you are:

1. A whale
2. A quant

You will make it. Otherwise you will be giving your money to those 2 groups.

https://youtu.be/9WIbwxGPA30

Replace every instance of "gambling" with "day trading".

Two strats I will share with you. Don't mistake simplicity for lack of utility.

First, understand that compound interest can turn seemingly trivial gains into massive ones with consistency and a bull market. Bears will be harder with day trading.

Okay, two strategies. Both depend on high volatility. I trade crypto because there are no laws for day trading minimums and because volatility is high. I trade almost exclusively ETH but will swing trade others.

Strategy 1: Level 2s. Look at the order books. Learn how the topography of the buy/sell orders can carve out a potential path for brief spikes (I'm talking .5 - 1.5%; if you think those gains are dumb, compound a 1% gain x amount of times.) Learn to spot fake sell/buy walls from manipulators. In a bull market you can learn without stop lossing but this is a huge risk. Don't put in more than you're willing to lose.

Strategy 2: Learn the rhythms of the market. Watch ceilings and floors. If something hits a floor for a second time, and sentiment hasn't changed, ride that sucker up. I literally bought ETH yesterday a $911 because that was the second time it hit that $910 floor in the last day or two. I then sold at $950. That was for literally zero effort and a day of waiting. You do the math.

With all of these, never market buy. Set limit orders and commit unless new information arises

>>7809736
PROTIP: Use a bot and keep a job like pic related, throw all your tips into crypto and live off your bartending, not your gains.

Bot I’ve been using for the past few months that makes me over 5% per day.

https://satoshibox.com/z8hggvejve7eppf8ymjzy4ik

>>7810111
Fuck you.

>>7810111
Worst bot ever, it lost me 1000$ in like the first hour. This bot is programmed to buy pumper bags

>>7809736
>sold xlm bags to buy in link at .48c
>sold link at 76c to buy Ven at ~$5.90
>sold Ven at $6.70 a bought FUEL at .17c

I’ve been getting lucky as shit the past few days. I’ve tried before and I only got JUSTed.

>>7810191

Yes, because the last couple of days have been a bull market. anyone could have done the same thing

>>7809900
>payday loan
Nice meme

I will give paper trading a go for 6-12 months and prove to myself it can be done without losing. I have to get over the trade bais that comes with it though. I'm planning on trading stocks with high volume that show potential. Particularly in the 5-10 dollar range.

>>7810185
If I had a bot that could literally make me millions a month, I sure would spend my spare time trying to shill it for chump change on /biz/.

Wait, I probably wouldn't.

>>7809736
Hopefully you have better luck then I did.

>>7810148
>Dormammu, I've come to shill you

>>7810282
paper trading is the ultimate meme. i can guarantee you that you will make trades on paper that you would never make with real skin in the game. Jesus Christ. Everything about this post screams 19 year old. You have no idea what you're doing.

>high volume stocks in the $5-10 range

this has got to be bait.

>>7810282
>I will give paper trading a go for 6-12 months

Bitmex my man. Just stick with the testnet until you're confident.

https://www.bitmex.com/register/sb4idL

>>7810306
yeah, that is 4x investment in 30 days, and about 54 million times investment in 365. Compound interest. If you could make those insane returns would you shill a bot online?

>>7809736
You either gonna luck out or lose everything. 21 is a good age to try you don't have much to lose.

successful day trading is more about emotion than brains

you can be right and still get stopped out because you dip red for a second and panic, or sit out and panic buy in when the market rallies

also keep in mind no matter how smart you are you are competing with titanic firms armed with the smartest people on earth and terminator algos designed specifically to destroy retail traders

good luck

>t. failed daytrader, successful investor

>>7809821
This, in a way

I find whenever my gut and my mind are on the same wavelength on a matter, it turns out right
If I feel something is wrong either logically or intuitively, things never go to plan

>>7810111
fuck off. if I wanted to use a bot I'd just get gecko

>>7810111
this guy posts this everywhere.
its a scam
move along

>>7809736
Buy covesting OP. Once their platform is released you can follow trades from people who know what they are doing and claim 72% of your profit. 10% goes to the platform and 12% to the trader you are following. The good thing is that every exchange that the trader uses gets linked to the platform through APIs so you automatically have access to every exchange the traders on the platform are using. Sure I have to give 28% of my profits to other people but honestly if trading was up to me I’d probably lose it all. I simply don’t have the time to stare at charts all fucking day nor do I want to... The incentive for the traders is real high because the more people following them the more profit they make. The coin will shoot up in value (hardcap 20 million cov) because more people will join the platform etc etc...