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/biz/ - Business & Finance

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10703329 No.10703329 [Reply] [Original]

Hey /biz/

I know daytrading is usually frowned upon when trying to make gains, but is it more acceptable to day trade if you have an initial investment of $60?

Is daytrading just better for poorfags instead of people who have thousands of dollars in their initial investments. If I could make $10 by the end of the week, do you consider that as a success?

>> No.10703419

It’s ahout percent gains you dumb frogposter. If you can gain a large percent consistently then daytrade, initial investment is irrelevant.

>> No.10703430

>>10703419
No it not
It about siphoning tiny amounts of sats from whales daily

>> No.10703434

>>10703329
If you can only afford to start with $60 you should probably stop worrying about staring at charts all day to make a profit of 5 bucks and instead get a job so you actually have money to invest.

>> No.10703459

All of that will get eaten by trading fees.

>> No.10703498

Making $10 by the end of the week tells me nothing, if in six weeks you've gone to $5 you're fucked. Are you a student?

>> No.10703503

>>10703329
It all depends where you live. If you live in a fucked up country with insane tax laws then basically you can lose money in the end when trying to cashout larger amounts (read profit). You can always cashout the money you put in, but everything above it must be taxed and showed how you got the profit.

>Avoid taxes = go to jail gg wp.

Easiest is to buy low, sell high, pay income tax from profit and the money is yours.

>But sell crypto for cash.

Yeah tax avoiding = jail gg wp.

Kikes will win in the end or at least reap some money from all your profit. This is the most bullshit thing ever though. You make the profit and the gov takes credit.

>> No.10703584

>>10703434
>>10703498
>>10703503

Dropped out of college 3 weeks ago. No marketable skills currently. Been a NEET ever since. Obviously looking for a job atm. But for now, just looking for advice

>> No.10703676

>>10703584
https://www.youtube.com/watch?v=Uzq1jgNKuBc
That guy knows more than me.

>> No.10703769

>>10703459
This isn’t true I’ve been day trading crypto and with the fees I’m still making profit. Buy low sell as high as you can and repeat. Don’t trade in usd value. Use sats