/biz/ - Business & Finance

[Anonymous No.10255217]

>TFW trading crypto is my full-time job
>TFW I get to say I'm self-employed to roasties
>TFW I make more than all my wagie friends
>TFW I'm not even a great trader but the crypto markets are retarded so it's easy
>TFW browsing /biz/ counts as working

Who else here /comfy/?

[Anonymous No.10255277]

>>10255217
What's your strat?

[Anonymous No.10255313]

>>10255217
good larping

[Anonymous No.10255351]

>>10255217
Yep. That's going in my cringe compilation.

[Anonymous No.10255490]

>>10255277
Literally scalping 1-2% trades. I take positions no greater than 10k and end up making ~100-300 bucks a day. I'm not rich by any means, but it's way more than anyone pays in my stupid underpaid country.

The hardest part is just not tilting when you mess up, I'm really tilty so idk, I'm struggling with that.

>>10255351
>>10255313
Why are you so hostile, frens?

[Anonymous No.10255538]

>>10255490
Do you trade BTC? With leverage or without?

[Anonymous No.10255548]

>>10255217
>making any money over the past 6 months

Nice joke

[Anonymous No.10255574]

>>10255548
After an extremely lucky 10x with ORI I am 1% up over my ATH in January. Do something wild and hope for the best.

[Anonymous No.10255584]

>>10255217
are you me, OP? i literally relate to this so hard

i also have more in savings than literally all my close friends combined, just from trading over the last year

i live with a few wagie friends and they've started to glare at me as they leave the house to go to their wagecuck jobs, while i sit on the couch with a beer/smoothie (depending on the time of day) scalping shitcoins on binance and browsing /biz/

there are more of us out there than you think!

[Anonymous No.10255594]

>>10255490
How do you know which coins to scalp? Isn't it 50/50 on if it will go up again? Or do you look at moving averages and RSI(etc etc)

Appreciate the answer bro.

[Anonymous No.10255629]

I guess if you call making $20 a day self employed.
You can't bullshit me anon.

[Anonymous No.10255636]

>>10255594
kek, it's not a coin toss it's a sleigh ride dowwwwn... don't hold your breath waiting for OP's super system

[Anonymous No.10256034]

>>10255217
dude I am comfy as fuck. From a dead broke uber driver last november to making more money in the last 6 months than i did in the last 5 years. Feels amazing.

[Anonymous No.10256080]

>>10256034
is uber driving worth it? even if its to turn the shit fiat to crypto

[Anonymous No.10256221]

>>10256080
Look, whatever you gotta do to get your starter capital is worth it. I had been trading off and on in my free time since last summer, learning how to do it from this dude name Quickfinger Luc on YouTube. The mindset of trading like this guy is so fucking easy and it actually works. So I wagecucked hard on Uber for basically 20 days straight for 12 hours per day and started trading full time in late November. I figured I'd give it a month and if I could make even $2,000 I would be making what I did in Uber but would not be depressed and hating myself. Worst case scenario I could go back to Uber. Worked 12 to 16 hours per day trading. I'd even wake up in the middle of sleeping if my alerts went off. It was addicting, I'll be honest. I made some friends who all slowly went full time as well and we all hunted for trades together. Still do. Check out this guy on YouTube. There's no TA bullshit, just price action trading. Also he's not selling a gay program and he doesn't want anything from you. If you want to learn how to trade safely and not use leverage and only take long positions, this is the guy. Plus when shit is crashing is the the best time to make money. Changed my life completely. Never going back to wagecucking ever again.

[Anonymous No.10256247]

Hey OP I want to be you. How do I start? I don't want to be a wagekek anymore

[Anonymous No.10256453]

Op here, on my phone.

>>10255538
I leverage up to 2x only to buy my way out of a bad trade, but not really, usually.


>>10255584
Literallu best job on the planet. <3

>>10255594
I look for coins that are moving. I mostly do eth cause its like a leveraged btc, but I made my first EOS trade this week and it was neat.

Literally start by paper trading just looking for rsi divergences. You notice a trend and just wait for it to be about to change, then take a position. I found that entry points are much more important than exit points. Especially for peace of mind.

I basically just copied what Philakone does, I'm just much worse than him at it.

>>10256034
I love you buddy.

[Anonymous No.10256481]

>>10255217
>trading crypto
kek...yea im sure you are profitable in this choppy as fuck market.

[Anonymous No.10256512]

>>10256221
so basically you're a slave to the charts and candles instead of mr. shekelstein, glued 10 hrs a day to your chair and laptop...

[Anonymous No.10256682]

>>10256512
Yeah, but I like it, it's fun. Also instead of pretending to work like I would in an office I get to play music and video games or whatever. Also I get to go to brunch a lot, which is lovely.

[Anonymous No.10256704]

>>10255217
>making money
>in crypto
nice larp

[Anonymous No.10256712]

OP here on my IPad. I’m a faggot.

[Anonymous No.10256722]

>>10256453
OP look into cryptofacilities and bitmex. you can take those size positions for only 1/50th the capital requirements and you can dial in your desired risk from there.

It's perfect for your strategy, check it out. It should move your practical risk down to almost zero.

protip: vpn

[Anonymous No.10256726]

>OP forgets to mention his losses
come on man. I used to do exactly what you're doing. In this market it's so much harder. you can make 300 a day but one trade can wipe out your entire week's profits. there's nothing to brag about here.

[Anonymous No.10256877]

>>10256722
>t. bitmex nigger trying to lure another sucker into his scam exchange

[Anonymous No.10256890]

>>10255217
what do you use to cash out?

[Anonymous No.10256909]

>>10255574
Based. But you must have had a dinky portfolio

[Anonymous No.10256926]

>>10255490
You must use stop losses then donyiu mate?

Please explain this to the Norman's

[Anonymous No.10257048]

>>10256722
Thanks man, I'll look into it. I'm really bad at changing the way I do things once I'm used to is, but it sounds like it's totally worth looking into.

>>10256726
That happened to me once a couple of months ago. Taught me to stick to my stop-losses. It's hard, but you gotta cut off the trade on its way down .-.

[Anonymous No.10257101]

>>10256877
i prefer cryptofacilities. their mobile support is dogshit but their GUI is so much easier on the eyes and the reduced volume is sometimes beneficial for that extra 1.5% on a short.

[Anonymous No.10257240]

>>10255490
This. I've made more than 1k so far this week playing small changes.

[Anonymous No.10257285]

>>10256926
stop loss is easy mate.

> 1) set an arbitrary risk limit per trade
like 1% of your $1,000 bankroll

> 2) determine volatility of the asset you're trading, as in the 24hr ATR of the last 10 days.
2% for this example.

3) size your position and take the trade.
if the coin is $1 per unit
and the volatility is $0.02 (2%)
and your risk limit is $10 (1% of $1,000)

then your position size should be 500 coins, and your stop-loss set to $0.98 (Entry Price $1 minus 2% expected volatility)
If you stick to your stop, your losses are limited to $10.

This is a simplified example but hopefully it'll shine some light for newbs

[Anonymous No.10257309]

>>10255490
you risk 10k for a 1% gain?

[Anonymous No.10257367]

>>10257309
no no, see
>>10257285

he's risking like $20 to gain $100... if he's doing it right. so even if you fuck-up 2 out of 3 times you're still making a profit.

[Anonymous No.10257477]

>>10256890
I'm in Mexico atm so I use Bitso. I honestly have no idea for the rest of the world.

BTW
>>10256682
This is me.

>>10256712
And this is also clearly me.

>>10257309
No. Think about it. If you mess up a trade you don't go straight to 0.