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/biz/ - Business & Finance

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22415262 No.22415262 [Reply] [Original]

So biz how would I go about turning $3400 into $6 million?

>> No.22415279

XRP

>> No.22415320

>>22415262
margin trading, negro. don't listen to negroes like this. >>22415279 only margin trading will help you elevate over other negroes.

>> No.22415360

>>22415262
just do whatever you did to get the 3400 dollars 1765 times more and there is your 6 mil

>> No.22415410

>>22415262
milk truck BEEP BEEP

>> No.22415474
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22415474

>>22415320
Actually thought about trying my hand at margin trading but I am Grug and still haven't figured it out.

>> No.22416332

>>22415262
time, patience, education. Like everything else. going from $1k-$10k is the first hurdle. Focus on that. $10k-$100k is the next. It requires an evolution of mindset. $100k-$1M is the next level. I'm working on this one right now. It's like any other game. You just upskill and grind. Margin trading is a force multiplier but it's like an upper tier skill. first though understand what a stop loss is so you don't get liquidated. Before even that, generate a deliberate trading plan. How much are you going to risk per trade? 1%? 2%? Put this plan into action, refine it over about 3-6 months of small trades until you have an actual system that's not, "lol this anon told me to trade so huuunnnggghhhh." You can also get some good books to understand technical analysis, how to evaluate an investment in any marketplace, and behavioral economics. What's your timeframe? What is your risk tolerance? Not as in, "oh i'm young, I have a high tolerance for risk!" but actually informed risk tolerance: quantify it. How much of your investments will you put into low, medium, and high risk investments? How will you capture value from those? How will you shift those allocations under dynamic market conditions?

These are the kinds of questions that you need to make some money and not be a deluded gambler. Look up "deliberate trading plan" or "develop trading strategy", pick up "reminiscence of a stock operator" and grahams "value investing" and "technical analysis of financial markets" and when an idea strikes you as particularly interesting, like a chart or something, see if you can find it online on tradingview. actually put it into practice and make it real. Go on to virtual trading platforms to upskill your win rate. Then you will actually start making money.

>> No.22416435

Find 11 projects in a row that x2

>> No.22416506
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22416506

>>22415262
step 1: be woman the west
step 2: pic related

>> No.22416567
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22416567

ALL IN AKRO
Hold for a couple of years and money will be made

>> No.22416609

>>22416567
You think it’s gonna be ether high or XRP High?

>> No.22416677

>>22416609
I think getting to top 5 market cap is possible given a year or two, we will see where the crypto market is at that point.

>> No.22416685

Rarii

>> No.22416707

>>22416332
What a wonderfully thorough response. Thanks for taking the time to write this.

>> No.22416937

>>22416332
OP here, had to switch networks because wifi interference is a bitch in my apartment complex. But anyways thanks for the insights anon. Definitely going to spend some time over the weekend learning how to margin trade.

>> No.22416958

>>22415262
I'd suck those titties for $5,996,600

>> No.22417051
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22417051

>>22416506
Okay but what if he isn't a wealthy businessman?

>> No.22417260

It's not hard at all, what you have to do is buy the next link, $OCEAN, it will be $5 eoy

>> No.22417324

I'm reading japanese candlestick charting techniques as some anon recommended in the other thread, it's good, would at least keep me from taking loses i took if i have read this earlier

>> No.22417818

>>22415262
I'll teach you how to turn $3400 into 60 million by going back in time on the 1st of May

ESH -> STA -> AMPL -> YFI -> futures on YFI. Done.

>> No.22418006

>>22415262

>Create a time machine with the intent of making 6 million
>Work for years to develop the technology to break through time and space
>Realize that even by going back in time you can't become wealthy. External events consistently bankrupt no matter how many times you go back
>Decide to travel to the future to understand what is happening, surely someone more advanced than you in the future will the have the knowledge you seek
>Go far enough to cross paths with a psychic cannibalistic evolved hybrid human species.
>The truth is that if you managed to complete your goal of becoming rich in the past then you would have never developed time travel to begin with, the universe must be solvent. You can change any event except the your primary motivation for desiring to traveling through time.

Damn OP I guess you were meant to always stay poor. Someone mentioned futures though those are legit

>> No.22418628

>>22415262
It's kinda tough but if you had maybe 150k or so it's pretty easy to convince people you have 6 million and to criticize anyone who says you don't have 6 million

>> No.22418811

>>22418628
50k tops, no need to exaggerate bud

>> No.22419316

>>22415262
that's a man