day trading

[Anonymous No.21601240]

im sure this has been here many times, but i have some conrete figures, here it goes
i have 2000 euros that i can lose without batting an eye, if i wanted to enter day trading, and make living out of it, could i? provided that i need roughly about 1000 euro income a month and i have 6 months into the future provided for. how long would it take with that sum of money to get into that kind of income?
the key is, if im better than average, lets say better than 60 percent of people entering, if its possible, is there a good way to start?
mind you, this is not because i think i can make easy money, i have a job, i just get off the thrill and i like the idea
are all of you just stock memers or do you have some knowledge? work you magic /biz/

[Anonymous No.21601289]

>>21601240
cryptocurrencies. fast gians along side fast suicidal thoughts

[Anonymous No.21601380]

>>21601289
they seem to be more of a gamble than stocks and higher entri point to get to some profits than regular markets, how do you predict them?

[Anonymous No.21601927]

>>21601380
>>21601240
shitcoins are bets that the system underlying the token will find productive ubiquity, if you're into that, then there you go

as far as gaining a 1000/mo income, with a starting lump of 2k and 6 months to achieve it, you'd need a constant monthly return of ~250%

[Anonymous No.21602179]

>>21601927
explain it to me like im an idiot ( wich i am ), so i would neet roughly 3 years and not 6 months to achieve that?

[Anonymous No.21602289]

>>21601927
lets say daily input of 400 and about 5 to 10% return is not feasible? or there is no posibility to gain 5 to 10 % of profits daily

[Anonymous No.21602401]

>>21602179
It is I who is the retard, my apologies.

You'd need a constant monthly return of about 20% so that in month six your return is 1000

[Anonymous No.21602451]

>>21601240
Not very likely unless you were born to trade.
You shouldn't need more then 3% gains a month to live on. So 1000 euro a month means you should probably be investing 50,000 and then have money to survive off of after that in case you lose it all.

[Anonymous No.21602517]

>>21602401
Which is still somewhat daunting.

The market, depending who you ask, returns 1.07-1.12X annualized long term, this would be about 9X annualized long term

[Anonymous No.21602552]

>>21602289
5 to 10% return is not very realistic. Especially consider that if you make a bad trade and lose money you're going to have to make up for that loss by making 15-20%

[Anonymous No.21602626]

>>21602451
To what this gentleman said, a 3% return per month would get you to 50k in 9 years

[Anonymous No.21602726]

>>21602626
3% is realistic considering a learning curve? i mean, i am more than willing to take it as investment and hobby instead of a way to make living, in order to raise, for instance, retirement fund, but is 3% bottom line, average or upper?

[Anonymous No.21602855]

>>21602401
everybody makes mistakes, but considering all together, is there a way to make living on stock market, provided you invest your time daily into that, with no unrealistic expectations provided you are someone who can do at least better than average?
what kind of time it would take with 2000 to get to 1000 monthly pure profits while increasing profits overall?

[Anonymous No.21602903]

>>21602726
i invest solely in meme stocks and secure profits every other day or so. up 10% in 1 month. Its doable. but consistency is a bitch my 3m is 26.9% meaning on average i have ~9% gains a month. again im truly gambling with meme stocks so take it for what it is worth.

[Anonymous No.21602929]

>>21602726
I'm not an expert day trader, so I can't speak to that, but I can do finance math,

I'm getting into day trading but DESU I'm only doing it to beat interest rates I could get from high interest savings and money market accounts. I don't actually really expect to beat my more illiquid annualized investment gains desu.

[Anonymous No.21602996]

>>21602552
cant it be countered by increasing number of t rades and lowering individual sums you invest in each trades? like having daily spedning limit 400, but each trade takes 40, then you have to make 4 to 8 or 16 profits regarding how succesfull you are, or you can make profits by not 10 but 20 trades... etc.

[Anonymous No.21603067]

>>21602996
you are potentially dividing any large gains away into smaller chunks of profit. which in the end may yield lower than your target object. What you fundamentally need is an enter/exit strategy for any position you take. if you do not have a plan the market will run over your asshole in a heartbeat.

[Anonymous No.21603162]

>>21602903
whats the daily percentage? how feasible is it to get back loss from daily percentage?

[Anonymous No.21603215]

>>21603067
i realise that, is there a plan that prioritizes daily consistency of percentage over annual or monthly consitency?

[Anonymous No.21603238]

>>21603067
> if you do not have a plan the market will run over your asshole in a heartbeat.

this desu

your planning process should, to some degree, inform how well you'll expect to perform

[Anonymous No.21603340]

>>21602929
i may be talking really stupid, but that seems like a threeway shootout between time-sum of money-number of trades
can you mathematicaly speaking, shorten time variant, lessen sum of money variant and increase number of trades variant, provided you create or get good trading plan and have a knack for trading as someone sad, being born trader and make a living some of money and increase your investing money pool at the same time?

[Anonymous No.21603468]

>>21603340
I can only speak to what I know, but if you can identify a reliable factor that points to quicker price movements over a shorter duration in one direction or another, then by making the same gains over a shorter period of time you make more money.

That said one thing I've heard consistently among traders I've listened to or spoken to is to let your winners run.

[Anonymous No.21603474]

>>21603238
that, and discipline are key things i keep hearing, maintaining composure, thats why im here, however, im also entertaining posibility of relying on short term/20-30+ trades a day kind of trading, and im trying to get second opinion if its feasible to cheat time by repetition

[Anonymous No.21603582]

>>21603468
what would happen if you run that shorter strategy to the point you tripple your pool of investment money, then you dilute half and half, one side continues that short sprints short distance strategy, other as you say, lets your winners run? would that work? that way you have third more than you had at the start of your short strategy, yet you have another, same amount of money to invest into more long therm strategy

[Anonymous No.21603762]

>>21603582
That would have to depend on what you expect the stock to do. The whole let your winners run thing is a heuristic that reflects that something that is going up is more likely to continue going up than to go down.

If for instance though, your predictor suggests that you could make 3x over some time period, and you've already done so in one trade, but that ticker is no longer supported by your predictor then you're probably better off taking profit for use on better trades.

[anon No.21603828]

>>21601240
You need really at least 20k to even make it worth your while, that's with the platform with no fees.

If you want to actually make an income from you need at least 100k

[Anonymous No.21603952]

>>21603762
the idea i get from this exchange in my thread is so that if i adapt the plan to it, and if i dont screw the math or get greedy, complacent etc. provided i have knack for trading, i can actually reach that goal, however, it would be more realistic with larger sum and more time? however if that kind of plan works, over time it will have cumulative margins?

[Anonymous No.21604179]

>>21601240
you need like six figures cuz you only pull about 1-2% a day unless you can tape read well

[Anonymous No.21604202]

>>21603952
Yeah so unless you can make an absurd return/time then your best wealth building tool is savings rate.

I'd say there's definitely merit to trying it out with a smaller sum so you can get a feel for what you're capable of, and if you lose it all you weren't depending on it and won't be destitute.

[Anonymous No.21604335]

>>21602996
You can diversify to lower risk but lower risk is always going to equal less reward.

Learn how to trade. Learn about all the possible ways to look at a chart, how to somewhat prefect the tops and bottoms. Never try to time the exact top or exact botton.

Fact is professional day traders lose money all the time. Its going to happen as a matter of fact. The only thing you can do is try to win bigger and lose smaller.

[Anonymous No.21604417]

>>21603474
If you can get away with it sure, but thats a lot of trades for a single day to either track or do. You may only be making 0.2% gains a trade if you did that. Hopefully you don't have to pay commissions.

[Anonymous No.21604545]

If youre serious about it, you need to master proper bankroll management and discipline. Those things are key to success.

[Anonymous No.21604799]

>>21602903
>again im truly gambling

[Anonymous No.21605173]

>>21604799
i worked in what americans might call casinos but were smaller, truly just blackjack, roulette, and dozen slot machines, what makes gambling is utter unpredictabillity and no way to win over house apart from being that one lucky individual that motivates others to lose, stock market on the other hand, seems to be something that can be predicted, provided you have realistic expectations, math, and the biggest difference is you can get data, how much data you as an individual you can process, or use, is the true catch, am i wrong?

[Anonymous No.21605468]

I do what you're talking about

I started with 3k and have about 12k now in three weeks. I've cashed out 3k in the last three weeks for just money to live on, rent etc ...

I do it by being on biz, Reddit, and telegram groups constantly moving eth around in small portions looking for new coin launches, meme coins, or new exchange listings, famous YouTube Twitter shills etc...

Try and buy 2-3 eth worth of the token before it happens and if I make even 2 eth for the day, that's almost a thousand bucks. Making one grand in a week is almost guaranteed if you have 10 eth and pick a good project

So what I do is invest about 6k worth of eth in something I know will do well in the week like unitrade, MXT, Gear, OM, Lock, ocean, etc ...

I then use the remaining to try and make some quick gsins like shrimp yam zzz etc..

Yeah I've lost a lot of eth in rugpulls but I've made twice as much as I've lost. Rugpulls rarely happen as soon as a coin launches, you just have to know when to pull out

I never understand when linkfags get so upset at link prices changing by 1% or something when I'm doubling my money some days

[Anonymous No.21605716]

>>21605468
yes, buts thats moving crypto, while i understand the idea of anticipating trend by social media trafic, since price of cryptocurrency basically moves as hype and buyers move, im also wondering how you anticipate wich things are crap, and wich is gold, providing they flow in the same sewer, so to speak
not to mention im little sceptical about crypto, in your experience, entertaining the idea yo uare honest here, how much more volatile to predictable ratio is crypto market comparing to trading markets