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14311348 No.14311348 [Reply] [Original]

>daytrading

why do you idiots do this?

>> No.14311601

if it makes money it makes sense.

>> No.14311615

it's a casino with even odds of losing or winning, some men are degenerates and if they can justify this kind of gambling with flimsy excuses like TA (or whatever correlation shit they come up with), they will.
The sad thing is that because of these excuses they get greedy and keep gambling it all with leveraging, after a while most of them lose. Very few of these degenerates know when to stop.

>> No.14311631

>>14311348
because holding doesn't work since the golden bull run

>> No.14311644

>>14311631
medium-term holding based on rumours made me 5x my stack since december.

>> No.14311665

>>14311631
there is like a 3% timeframe of BTC existence where you wouldn't be in profit if you bought in that time frame. holding btc works, you just had to buy btc in the other 97% of the time it existed and not be at retard lol.

>> No.14311699
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14311699

>>14311631
i keep track of what my portfolio is worth most days

>> No.14311772

>>14311644
daytrading made me 3x my stack in the last 3 weeks, not even kidding.

>> No.14312093
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14312093

Most daytraders don't even understand the concept of annualized return. Ask any one of them what their annualized return for the past 5 years was and watch them implode. All they care about is the instant gratification of getting a "quick scalp" profit or whatever. Degenerate gamblers. I stay in discords with them so I can just lurk and laugh at them.

>> No.14312175

>>14311699
Very impressive and organized anon.

>> No.14312292

>>14311699
>The IRS would like to know your location

>> No.14312331

>>14311772

what have you been in on?

>> No.14312534

>>14311348
Because gambling is fun.

>> No.14312597

It's just for fun. I scalp just for fun. I win or lose 5-10 link daily

I have a 15k stack.

>> No.14313036

>>14312175
My gains? Thanks. Really i just grab the blockfolio number each day i write it down so i can keep track of my orginal investment.

>>14312292
i plan on paying my taxes, even though its fucking theft

>> No.14313270

>>14311348
Bored so just playing with a few 1000 I made off the link moon. If I lose it meh only spent $100 on link in 2017 and since I sold link at $1.60 I've made over $1000 day trading.

>> No.14313327

>>14312331
beam, vidt, grin and link when it went from 1.2 to 2

>> No.14313369

I don't know shit, but I'm trying to understand why this strategy wouldn't work. Let's assume some random stock/BTC has a +/-5% deviation over the course of a day. If you buy at something safe, like -2%, and sell at +2%, would that work?

>> No.14313391

>>14313036
Yeah fuck roads and hospitals amiright

>> No.14313498

>>14313391
>>14313391
fuck hospitals definitely. If you dont think we are over taxed here in America youre delusional

>> No.14313585

>>14313498
It's true that your taxes are mostly wasted, I'll give you that. I think capital gains from speculation should be taxed heavily though, it's not like you're doing something productive with that money like running a real business.

>> No.14313620

>>14313585
except I'm risking the money that I did work hard for. Why should I be heavily taxed over making smart decisions

>> No.14313651

>>14313620
Who gives a fuck about you kek, point is if you're not doing something useful for everyone else they're going to take it from you, you should be grateful you get to keep any of it

>> No.14313663

>>14311615
>shitting on ta and traders
get shit fucked, waggot schlopette

>> No.14313684

>>14313651
This, you were never "free". Americans have the illusion of Freedom. Your government could seize you and your assets at any time even "illegally" if they wanted to and no one would be the wiser.

>> No.14313719

>>14313684
>other governments can't do this

>> No.14313731

>>14313620
the system provides you with the means to make those decisions. if you're going above and beyond what's necessary to survive, it makes sense for some of that extra money to be put back into the system, to provide support for others who haven't even made it to that baseline yet.

>> No.14313751

>>14313684
Name a more free and prosperous country than America. Our shit is fucked up but we still got it better than anyone else

>> No.14313787

>>14311348
after millions of years of evolution, my brain has evolved with a dopamine response that isn't prepared for a society where everything is thoroughly quantified and has instantaneous communication technology.

But goddamn if that means it's not going to try to keep up.

>> No.14313827

>>14313719
>>14313751

Fair enough, but don't kid yourself.

>> No.14313837

>>14313731
is 20-50% of the gains not enough? thats how it is in the USA right now depending on if you held short or long term and what state you are in and amount you cashed out. What do you think short term cap gains should be taxed at for those cashing out $400k+ / and long term?

>> No.14313853

>>14313731
>provide support for others who haven't even made it to that baseline yet

Yeah some bureaucrat boomer making 120k/year pension and some carrier fleets to bomb poor people

>> No.14313871

>>14311601
the only one making money is your broker.

>> No.14313884

>>14313853
well maybe you should participate in politics then

oh wait, you can't because you're working jobs, 50 hours a day, then driving Uber on the side.

>> No.14313981

>>14313853
sure, but we're talking about roads and hospitals. the concept of taxes is a good thing. lots of people here unironically believe taxation is theft. what the govt decides to do with the taxes is another story and is worthy of debate and criticism.
>>14313837
I believe 20%-50% is more than enough. but I'm not enough of an economist to give you a real opinion on what amount short term capital gains should be taxed.

>> No.14314003

>>14311615
TA is like the martingale method.
It's profitable for most, so people delude themselves that it's good over the long run.
But unlike the martingale method where the flaws are obvious, they're much more obfuscated with TA, which keeps retards in the business of donating to CZ and the rest of the chink scammers.

>> No.14314031

>>14313369
Any predictable movement is already priced in. There's no way a lil guy can game the system. The only reason cryptofags sometimes make money hodling is because serious player reap more profits at less risk from trading and have no point hodling. Literally everything is gambling. Sometimes at better odds than a casino but still gambling.

>> No.14314045

>>14311348
Because they are idiots