/biz/ - Business & Finance

>>8187716
Tell me with a straight face that investing in things called Funfair or Dogecoin is a viable career and not just gambling?

>>8187773
I mean, dogecoin is up 20x from this time last year.

>>8187716
it's gambling w/ risk mgmt techniques built in

>>8187773
tell me with straight face you would invest in something called after a fruit APPLE and that i would be the most innovative company in the world

>>8187716
What trading strategies do full-time day traders use?

Were living in the days where you don't need a firm to do real trades so in a sense of pure independence yes. you're going to have a hard time beating the institutions tho. Its worth a shot imo

>>8187878
analytical analysis

>>8187883
>you're going to have a hard time beating the institutions tho
has nothing to do with anything.
>don't make money because someone else is going to make more

>>8187805
>I mean, I put 5 cents into "pirates booty" slot machine and made back 30 dolllars

>>8187922
That's like a 6000% return on investment!

>>8187908
if you want the feed the best for breadcrumbs you might as well work at Mcdonalds

>>8188142
except in this case bread crumbs are tens of millions while the big bad is making tens of billions

waste of time
too much noise from HFT bots

>>8187870
Or Windows. Would you invest in Door

>>8187716
day trading crypto is literally 100% the easiest thing in the world and the money is astounding

Day trading is not gambling. If you know how to read candles you can win. Example, if you see coffee cup then buy

>>8187878
>full-time day traders
lmfao

>>8188484
Hahahahaha what a joke, Mark.

>>8187878
Modern Portfolio theory and then playing videogames all day.

>>8188484
What if I see FK in the coffee?

>>8187716
It's gambling. Most traders lose money long term. You can do great in a bullish trending market even if you have no experience, like crypto last year, but some people even fucked that up. Right now, we do not have a bullish trending market, its unclear where it will go and it could fluctuate up and down in a range for months. If you have discipline you may be able to do okay over time, but you will need a system and you will need to adhere to the rules you create. Most traders do not have discipline or make emotional trades.

If you've never traded before, you are entering a field where 80%+ of traders lose money, even experienced day traders.

Almost anything is better than being a wagecuck

If you know how to predict the bots you win! If you can write a bot to do it for you, you win even more!

>>8187716
90-90-90 rule

90% of day traders lose 90% of their money in 90 days

>>8187716
you can just short btc a million times since the price is always going to recover anyway, everything else is pure gambling

>>8188539
This, not even most wall street hedgefund managers can beat the market

>>8187805
>day trading
>one year
>mfw

>>8188509
Theory schmeory
Regards, NNT

>>8187716

Bluud I already took the L for you .......we gonna make it bluud it aint a gamble.....no no mm m,m mmm

>>8188587
This.

The algo's have changed since 6K (actually it seems like there are NEW ones here since then, hard to say) but I finally recently managed to figure them out again, and I'm back to large profits daily.

>>8187716
Trading is an art, a very competitive art. The average person will suck at it, with their personality and temperament being the of the wrong kind for the job.
But if you can be part of the 20%/10%/1% (depending on who you ask) that wins consistently, you'll be handsomely rewarded.

Trading isnt investing, coins are nothing more than tickers and a number next to them. Trading is flipping, not investing.

>>8188914
Also, it's as viable a career as playing multiple poker tables online is. For some it is, for most its not. If youre some and not most, capitalize on the fact.

>>8187805
>investing in Dogecoin and wait one year
that's gambling on meme coins, not day trading

Day trading is studying charts, using indicators (RSI, Stochastic, MACD, EMA, Ichimoku Cloud, Bolling Bands) using tools (trendlines, triangles, Fibonacci, Elliott waves, Gartley patterns) looking for breakouts, studying candles and following fundamental analysis, swing trading etc.

You just don't wake up and you become a trader, you've to study, make mistakes, learn from your mistakes and improve. And you will still lose money 90% of the time. Your Lambo is in that 10% of trades.
Your time will come eventually or maybe not, but you'll never know if you don't try.

>>8189468
*Bollinger

>>8188914
Yes, trading is definitely an art. If it were a science, it would be too efficient and nobody could beat the market. I've been pretty successful so far even through the bear market. I just look for certain patterns and pull the trigger. Now that my confidence is up, I'm building a bot based on my strategy. Looking for 1 million dollars by this time next year.

>>8189544
Actually impressed.

It was quite easy to make even a 4-5x between November and January but you made it during the bear market (when most of the people lost all their gains) so that's a plus.

When people will realize that you they make way more money shorting than pumping (knowing what they're doing, not just gambling 100x on Bittrex) they will be rich even with thei launch money.

>>8189544
if u wanna tell: do u only trade BTC or just large liquidity coins

>>8189544
Dude respect
Clean and powerful gains
Wish I had your mindset

>>8187888
dont you need some special analyst degree to do that?

Everytime I fucking buy I feel like that bog video and it gets dumped hard like 1 day later. Even with fucking bitcoin.

>>8190586
I trade everything that moves. If it's low volume I just go in with an accordingly low bid.
>>8190643
>>8189997
Thanks. We're all gonna make it.

>>8187805

Doge coin is at 40 hay pennies right now. Good time to buy. Plus the fact it went up to a penny twice!

>>8189544
That is incredible, interested in the strategy. I mean, its been going up to about 11.6k and dumping and has done that 3 times now?

So... thats a pattern, but after 3 times i'm assuming it wont' happen.

Also, we're still technically in the downturn till mid april.

>>8188626
It's normal for firms to get 20-30% gains per year. I don't know this meme persists.

>>8187716
Yeah it's viable if you run a boiler room or an exchange. Other than that, there's much easier ways to make money like exit scamming dapps & vaporware ICOs.

>>8190694
You're playing into the big players psychology ploy educate yourself and take a step back reevaluate the way you've been buying

>>8187773
>>8187922
had you put $1000 into any of the following coins exactly 1 year ago, you would currently have:

ETH: $45.8K
XRP: $153.8K
LTC: $54K
NEO: $938K (LMAO)
XLM: $207K (LMAO)
XMR: $26K
STRAT: $85K
DOGE: $25K
DGB: $158K

If it's a slot machine, it's a slot on tilt that's paying out way too much.
You basically could put X$ on the top 100 coins this time last year. for every one that crashed to 0, two mooned 50x or more. Do the math.
Dont' be mad because others had the vision to see the profit, and the capital to risk, while you're a smart yet broke boomer letting a (((broker))) lose your retirement for you

>>8192012
>asks about day trading
>posts about year long holds in an unprecedented bull run

Is school out already?

>>8189544

> Not a single downward spike

How is this even possible?

>>8188435
How?
Surely there are enough big boys in the market that it's now semi-strong efficient

>>8187908
>has nothing to do with anything.
Oh, look, a nolambo who doesn't know how Wall Street works.

Dummy, all the big trading houses are botted up the ass. Their machines trade at the percent of a second time frame. They're what cause a lot of the slides in the market, once they're triggered, the damage is done before you can stop them. These companies pay millions of dollars to shave 1/100th off their latency in Manhattan. You can shave off points on big moves, but anything less than a couple of minutes, the bots are going to eat you alive.
The institutions also have access to information you don't, and walk the insider trading line as close as they dare.
If you're a day trader, you're a guppy swimming with orcas. You keep thinking you're competition, or even playing at their level. You're feeding off scraps from their kills, at best.

>>8188539
The only people who win consistently are people with an inside edge. Good examples are in Wall Street, where Sheen's character makes kills based on stolen information and insider trading, or Casino, where Rothstein makes a killing at sports betting for - wait for it - insider information.
You can not predict the market accurately over time, since it's driven primarily by emotion, or at a deeper level, by racks and racks of servers at trading firms in Manhattan. You cannot know what forces will be in play all the time.
At best, you get lucky for a good solid run. Most of the time, you're rolling the dice. Stocks only win consistently on a long term, multi-decade holding basis. Most "experts" and "analysts" are over-priced bookies in suits. TA is a meme, it's nothing different than some degenerate gambler using a "system" at a craps table in Vegas.

>>8188958
Poker is a different animal. That's not gambling, it's outplaying other players. Day trading, or riding the margin, is betting on something you can't control.

>>8189468
TA is 100% bullshit. The only time it's accurate is looking backwards.

There, I said it. And don't bother with the "muh psychology" bullsgit, you can't predict the future. For every chart that comes even remotely close, there are 10,000,000 other charts that are wrong.

This thread is about day trading not holds you clueless redditard.

>>8192935
>There, I said it.