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Anonymous Tue, Jun 11, 2019 10:22:32 No.14097222 [Reply] [Original]

This guy, known as 'BNF' turned $13,600 into $153 million in 8 years by buying thing 'HODLing' and hoping they would go up.
Only kidding you retards, he did it by trading.

>>	Anonymous Tue, Jun 11, 2019 10:23:45 No.14097230 >>14097222 Day trading is a meme 99% of people lose all money in the first 9 months

>>	Anonymous Tue, Jun 11, 2019 10:24:41 No.14097241 Nigger probably has 170 iq fuck that I don't

>>	Anonymous Tue, Jun 11, 2019 10:25:06 No.14097247 >>14097230 >99% of people lose all money in the first 9 months Where the hell did you get that idea from? I highly doubt I'm the 1% i've been doing it for years.

>>	Anonymous Tue, Jun 11, 2019 10:25:19 No.14097248 >>14097230 how much?

>>	Anonymous Tue, Jun 11, 2019 10:25:53 No.14097249 >>14097222 You got me :(

>>	Anonymous Tue, Jun 11, 2019 10:28:03 No.14097280 >>14097247 It’s not 99%, but a very high percentage of people lose more than they earn. Something like 85-95% of traders end up losing

>>	Anonymous Tue, Jun 11, 2019 10:28:30 No.14097285 >>14097247 post your net worth

>>	Anonymous Tue, Jun 11, 2019 10:28:32 No.14097286 >>14097230 thats why its so easy to make money lmao

>>	Anonymous Tue, Jun 11, 2019 10:29:07 No.14097291 >>14097280 That's less than the number of new business that fail.

>>	Anonymous Tue, Jun 11, 2019 10:30:31 No.14097305 >>14097222 nice now post Mohammed ISlam that claimed he turned $1,000 to $50,000,000. 2014 all over again.

>>	Anonymous Tue, Jun 11, 2019 10:30:44 No.14097310 >>14097286 Exactly. We need the emotional people who don't know what they're doing to make money from.

>>	Anonymous Tue, Jun 11, 2019 10:31:15 No.14097319 To be successful you need to be cold-blooded like a machine Or you just let machine do it so called algorithm trading That's why wall street has fired 90% of their human traders

>>	Anonymous Tue, Jun 11, 2019 10:31:57 No.14097327 >>14097222 > He bought Eth and bought Bitcoin before they mooned

>>	Anonymous Tue, Jun 11, 2019 10:33:18 No.14097340 >>14097286 I love that this is a well known statistic and people take it as being part of the 99% kek

>>	Anonymous Tue, Jun 11, 2019 10:34:13 No.14097347 >>14097319 I do this but I still need a human (ME) to look at the macro perspective and see if my mechanical method will be profitable in certain market conditions.

>>	Anonymous Tue, Jun 11, 2019 10:35:11 No.14097363 >>14097340 >>14097286 you're both poor though

>>	Anonymous Tue, Jun 11, 2019 10:35:15 No.14097364 File: 84 KB, 900x900, CRYPTODUDE.jpg [View same] [iqdb] [saucenao] [google] >>14097340 Have you seen 99% of people?

>>	Anonymous Tue, Jun 11, 2019 10:36:33 No.14097381 >>14097340 It's actully more like 80%. It's kinda like Tinder, most unattractive or normie guys don't believe that Chad smashes two girls a week from Tinder and think that Tinder sucks.

>>	Anonymous Tue, Jun 11, 2019 10:39:15 No.14097405 >>14097280 90% of people lose 90% of their money in the first 90 days t. Anton Kreil

>>	Anonymous Tue, Jun 11, 2019 10:40:01 No.14097410 >>14097222 He did it during the dotcom boom. It really isnt any different from buying btc and eth early

>>	Anonymous Tue, Jun 11, 2019 10:41:48 No.14097427 >>14097286 Everyone says that until they get justed. Like casinos, its always a net loss for the customers

Anonymous Tue, Jun 11, 2019 10:42:10 No.14097433

>>14097230
It takes over 10,000 hours to master trading. Most people blow out their accounts way before that. But u can get a 99% edge in trading so you will always get a loser with an etrade account trying to compete with co-located hft ai bot.

t. Former prop firm trader who now trades his own funds.

>>	Anonymous Tue, Jun 11, 2019 10:42:11 No.14097434 >>14097222 https://www.youtube.com/watch?v=La-WIYNjgoY

>>	Anonymous Tue, Jun 11, 2019 10:44:28 No.14097457 >>14097405 I love that dude after watching his videos I started making consistent gains to escape my poverty.

Anonymous Tue, Jun 11, 2019 10:46:20 No.14097484

>>14097410
He started in the dotcom boom and profited from the Mizuho disaster, but still impressive.

Here's his yearly equity:
1999 - ¥1.64m ($16k)
2000 - ¥2.8m ($27k)
2001 - ¥61m ($580k)
2002 - ¥100m ($956k)
2003 - ¥270m ($2.58m)
2004 - ¥1bn ($9.5m)
2005 - ¥8bn ($76m)
2006 - ¥15bn ($143m)
2007 - ¥16.5bn ($158m)
2008 - ¥21.8bn ($208m)

Anonymous Tue, Jun 11, 2019 10:47:03 No.14097489

>>14097291
Well, it’s possible for a moron to get lucky trading and make money, at least in the short term. Starting a business is a whole different animal, since you’re going into debt or spending your entire life savings just to set it up, with no guarantee of success

>>	Anonymous Tue, Jun 11, 2019 10:47:18 No.14097491 File: 164 KB, 300x300, 1510520013280.gif [View same] [iqdb] [saucenao] [google] >>14097410 actually bnf's track records starts at the time dot com bursting, and increases 2002 to 2014

>>	Anonymous Tue, Jun 11, 2019 10:47:50 No.14097495 >>14097484 Damn talk about pressing your trades. Lost of guys would quit the game after becoming a double digit millionaire.

>>	Anonymous Tue, Jun 11, 2019 10:48:09 No.14097498 >>14097433 >It takes over 10,000 hours to master trading Honestly think I've spent more than 10,000 hours staring at charts by now. 4 years all day everyday.

>>	Anonymous Tue, Jun 11, 2019 10:50:53 No.14097521 File: 98 KB, 1024x698, DT.jpg [View same] [iqdb] [saucenao] [google] >>14097433 Is this you?

>>	Anonymous Tue, Jun 11, 2019 10:50:58 No.14097523 >>14097498 technically, you also have to use your brain while at it...

>>	Anonymous Tue, Jun 11, 2019 10:51:18 No.14097524 >>14097498 It's much different when you have real money online. Even the smartest people can make stupid decisions when they deal with real money.

>>	Anonymous Tue, Jun 11, 2019 10:52:04 No.14097531 >>14097524 By 'staring at charts' I mean trading or waiting for trades. Mostly waiting.

>>	Anonymous Tue, Jun 11, 2019 10:55:30 No.14097558 >>14097484 I see what you did there, 208m to 20.8m after the financial crisis?

Anonymous Tue, Jun 11, 2019 10:56:05 No.14097564

Forex certainly isn't all day traders but it's a good sampling to look at this question. Randy m sampling shows that probably something between 60-98% of daytraders lose money in the long run. In probably the best analysis, only 2% of daytraders make money over a long time frame.

https://www.theforexguy.com/forex-traders-lose-money/

Anonymous Tue, Jun 11, 2019 10:58:04 No.14097580

>>14097222
>what is the exception to the rule
>what is an outlier
In all seriousness, this can only be achieved by extreme intelligence, extreme diligence, and extreme luck

Take one of those out, even luck, and you don't have this story

I've turned 1k usd into 90k usd since april but it was only possible with luck

>>	Anonymous Tue, Jun 11, 2019 10:59:32 No.14097600 >>14097484 Look at his gain from 2000-2001, he did 20x. Thats anomalous.

>>	Anonymous Tue, Jun 11, 2019 10:59:56 No.14097602 >>14097498 >I've spent more than 10,000 hours staring at charts kek thankfully it only took me around 200 hours to realize how little edge actually is in those charts. you are never going to get rich by learning to read charts. trust me lol

Anonymous Tue, Jun 11, 2019 11:07:15 No.14097654

>>14097222
>>14097484
So does anyone know how he actually trades?
Is he a daytrader?
Is he a position/swing trader?

How often does he take trades?
How long does he keep his trades open?
Does he close all trades daily?
Or does he double down on losing trades?
Or keep tight stops?

How much of his portfolio does he put in each trade?
5%? 10%?
Would he go all in when he sees a golden opportunity?

What type of trading does he do?
Breakouts? Buying crashes?

What market does he trade in?
Penny stocks? Forex?

>>	Anonymous Tue, Jun 11, 2019 11:08:46 No.14097668 >>14097654 I don't know the details but I think it was some kind of dip buying mean reversal strategy. It's probably his hyper-autist personality that gives him the edge though.

>>	Anonymous Tue, Jun 11, 2019 11:09:23 No.14097674 >>14097484 27k to 580k is more impressive than everything else

>>	Anonymous Tue, Jun 11, 2019 11:11:37 No.14097694 >>14097602 Then what do you have to do in day tading to make money if every chart is null and void?

>>	Anonymous Tue, Jun 11, 2019 11:12:25 No.14097702 >>14097222 chekt and hodlrs are rekt

>>	Anonymous Tue, Jun 11, 2019 11:12:46 No.14097707 >>14097694 If there are no opportunities then you just have a really long fap.

>>	Anonymous Tue, Jun 11, 2019 11:14:59 No.14097734 >>14097707 What metrics do you use to ID opportunities if it isn't charts?

>>	Anonymous Tue, Jun 11, 2019 11:15:39 No.14097740 >>14097602 >I spent 200 hours drooling at charts and came to the conclusion that day trading is a scam

>>	Anonymous Tue, Jun 11, 2019 11:51:24 No.14098132 >>14097602 Did ur charts look like a plate of spaghetti?

>>	Anonymous Tue, Jun 11, 2019 12:01:19 No.14098241 >>14097457 Does his strategy of long/short portfolio actually works?

>>	Anonymous Tue, Jun 11, 2019 12:03:17 No.14098260 >>14097521 No I am not a douche

Anonymous Tue, Jun 11, 2019 12:15:42 No.14098380

>>14097654
There was some error in the stock exchange and he bought a shitload of stock for pennies on the dollar. He made a fat stack off of that alone and used that to compound his gains. If not for that lucky trade/error, he wouldn't have nearly as much.

>>	Anonymous Tue, Jun 11, 2019 12:26:19 No.14098512 >>14097405 if youre talking about blowing up an account thats probably true, but i doubt 90% of people go all in like what he implies

>>	Anonymous Tue, Jun 11, 2019 12:42:31 No.14098708 >>14097495 this Unless I decide to have a family I'd settle with a million, buy a house and transfer myself a decent salary every month for like 40 years

>>	Anonymous Tue, Jun 11, 2019 13:11:29 No.14099020 >>14097222 I will never swing my LINK stack stupid chink nigger

>>	Anonymous Tue, Jun 11, 2019 13:13:53 No.14099052 >>14097222 A stroke of luck gave him the leverage to essentially become an insider. Probably pays 100k at least per moonshot with juicy returns.

>>	Anonymous Tue, Jun 11, 2019 13:22:35 No.14099184 >>14097495 but why? once you have fuck you money its even easier to trade with your stack. what are you gonna spend it on anyway?

>>	Anonymous Tue, Jun 11, 2019 13:26:19 No.14099239 >>14099184 Because an edge doesn't last long. Make your money and get the fuck out.

>>	Anonymous Tue, Jun 11, 2019 13:28:27 No.14099259 >>14099239 loads e money is an edge all on its own

>>	Anonymous Tue, Jun 11, 2019 14:20:41 No.14099919 >>14098708 >make a million >just sit on your ass for 40 years in an overpriced house >get cucked by taxes >dont fight the inflation jew never gonna make it

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