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/biz/ - Business & Finance

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16533570 No.16533570 [Reply] [Original]

I'm allowing myself $30 to learn how to margin trade. Is it possible to turn this $30 into $1,000?

>> No.16533583

>>16533570
go 100x short, thank me later

>> No.16533589

>>16533570
go 1000000000000000x long, thank me later

>> No.16533594

Yeah there are two methods.

1) be a degenerate and put 100x shorts or longs and pray you get lucky

2) actually monitor liquidation prices and manage risk, get there in a couple months

>> No.16533603

>>16533570

https://www.youtube.com/watch?v=jPNeJeZ3ODc

>> No.16533616

OP here phoneposting
>>16533594
>2) actually monitor liquidation prices and manage risk, get there in a couple months
this was my thought, I figured I'd start watching charts instead of checking prices once every couple days before I open any sort of position. What indicators should I be looking for on whether to short or long?

>> No.16533656

After watching and enjoying this genius, now, does anyone still argue with me about not giving a shit about Africa? I dare you.

LAUFET BRÜDER EURE BAHN! FREUDIG WIE EIN HELD ZUM SIEGEN!

im video 4:50

>> No.16533751

>>16533656
what are you on about

>> No.16533793

>>16533751

Beethoven was a genius. What did you think I was on about?

>> No.16533822

>>16533793
oh I misread. I thought you were making an argument in favor of Africa

>> No.16533846

>>16533570
you already fucking lost your money dude. you wanna know how i can tell without a crystal ball? you already said you wanted 1000 but you only have 30. how are you going to get there wise guy? cause its surely not ignoring how to get to 31

>> No.16533893

>>16533846
hey cuck, I wanted replies to my thread. I'm simply posing a question. I didn't say "turn $30 into $1,000 tomorrow," did I? there are about 970 dollar amounts between $30 and $1,000. would you like me to list them all for you?

>> No.16533915

>>16533846
and dont tell me, oh this guys right ill get to 31, and now i know how to get to 1000. no you dont, and dont even begin to think about 32 because you havent even gotten to 31 yet, or you want to get to 50 and your still on 33 dollars. imagine what happens if you go down to 0. you set yourself up for major mental disappointment, and it wasnt your actions that got you to your disappointment but your goal of 1000 got you there. 1000 is a result of small trades that have gotten you to 1000. if you sat at your computer all day and said one time, oh ill just fix my posture, eventually it will be fixed but I'm still slouching. well how you get good posture is you fix your posture right now. you might only be able to sit straight for 30 seconds. but alteast you dont think about having perfect posture in the future

>> No.16533941

>>16533893
yes sure, if i reread your post it looks like i was mistaken. what youre really asking is how do i start trading well. and if you want me to spoonfeed you just start at babypips. its not going to make you a good trader over night but its the next step for you

>> No.16533967

>>16533570
You need $200 at least. Use 100x with small position sizes and back up your position with an equal size at 1x limit order $10 before liq price. Use bit seven all other exchanges trade against you

>> No.16533978

>>16533941
I'm not asking for spoonfeeding fuckface I'm just asking how to start. I'll go to babypips. thank you. that's all I wanted. how do you go around day to day with your anus that tight?

>> No.16534047

>>16533978
well actually i was on the toilet when i went on this tangent and was highly exasperated at the time of clicking the thread