Trading

[Anonymous No.23823752]

Is day trading just a meme or can you really make a living off it? Any experiences?

[Anonymous No.23823821]

bump

[Anonymous No.23823864]

bump.

[Anonymous No.23823921]

if u have to ask, no you can't

[Anonymous No.23823974]

>>23823752
if you're asking this question you're going to get crushed. don't even think about trading dude.

people trade for like 2 - 5 years before they get TRULY consistently good AND betting at large enough sizes to really matter.

[Anonymous No.23824003]

>>23823752
Good way to lose money and sanity if you're not a pro

[Anonymous No.23824006]

you can
its not easy tho

[Anonymous No.23824012]

Yes, daytrading is extremely profitable, but first you need to buy my $99.95 book to learn how.

[Anonymous No.23824069]

>>23823752
day trading is a meme for most people, especially in crypto. swing trading is a little more accessible.

[Anonymous No.23824101]

No, it’s meme. All the “traders” you see on the internet are making money from selling you the courses or books. Real traders working for firms are first trading not their own money and live from salary and second, they do not exist anymore because everything has been automatized already on such time frames which are impossible for humans to trade anymore.
Do not day trade, just hodl btc, eth and link.

[Anonymous No.23824147]

>>23824101
stop giving advice about things you don't know :)

[Anonymous No.23824184]

Its a meme, Ive tried to day trade many times and in the long run I always lose money. You make way more swing trading.

[Anonymous No.23824197]

>>23824147
Its all algos now

[Anonymous No.23824233]

>>23824197
not really
a smart trader can win against algos
algos are like average tier traders

[Anonymous No.23824247]

>>23823752
>Is day trading just a meme
It’s just a way to feed CZ
The more you trade the happier he is

[Anonymous No.23824264]

get a job.

[Anonymous No.23824271]

>>23824101
There are a lot of traders on crypto twitter that don't promote any stuff at all. Do you think all of them are larpers?
>>23824184
>>23824069
I didn't mean day trading in particular. Should have called this thread in a different way

[Anonymous No.23824358]

>>23824264
The average salary in my shithole is about 300$:(

[Anonymous No.23824359]

>>23824271
other anons are kind of right in the sense that if you think of day trading as some sort of fast paced epic job then you are going to lose lots because you are just playing into exchanges hands at that point.
The higher the time frame you trade on the easier it is to trade. Most of the time in crypto there isnt enough volatility to be a "day" trader in the sense that you are trading very short time frames. Really forex is the market to do that sort of trading due to such high volume
With crypto as other anons said best thing to do is trade large swings. probably aim for 1-2 trades per week. This also teaches you patience. Patience is the key to trading

[Anonymous No.23824366]

Try it yourself
https://engaging-data.com/market-timing-game/

[Anonymous No.23824373]

>>23823752
Nope. Taxes take a huge chunk out of what you make (with stocks at least), and there is no way to avoid paying it.

[Anonymous No.23824379]

>>23824271
Vast majority of them are. They are larping profitability in the long run. Revealing just all wins and never all loses.

[Anonymous No.23824529]

>>23824359
based but u can also kinda day trade when the volatility is high like it is now, but a lot of downtime when we're playing sideways in a range

[Anonymous No.23824558]

>>23823974
Swingtrading is kinda profitable with a large enough stack. could easily make 500$ day

[Anonymous No.23824571]

>>23824366
Link doesn't work
>>23824373
There is no tax on crypto in my country (not sure about crypto trading though). Also, you can easily cash out through crypto dealers from TG groups

[Anonymous No.23824597]

>>23823752
Nora is so fine x)

[Anonymous No.23824661]

>>23823752
It’s a meme, just stack btc
https://m.youtube.com/watch?v=K9JcFAadCVo

[Anonymous No.23824764]

>>23824358
you need to have a pretty good amount of capital to start off with for it to even be worth it imo. But with a smaller amount of capital using low leverage for a long term position would probably be profitable, since we're in a bull run just buy the dips and take profit into the short liquidations on massive pumps to lower your leverage, rinse and repeat.

[Anonymous No.23824794]

>>23823752
Yes you can, but being fairly wealthy in the first place is a prerequisite.

[Anonymous No.23824919]

My father, a competent engineer, who coached me into having great success as a mathlete, and who personally had a great career (made director in a big telecom company) spent ten years day trading before he died, most of that time spent after retirement, when he had all the time in the world to trade. When he died, and I had to manage everything, I was foolish enough to see how much money he really made on the market, just to find that he was outperformed by anyone that just bought fucking bonds each month.
I find impossible to take day traders seriously ever since.

[Anonymous No.23824940]

Nah, day trading it's NOT a meme. The prerequisite for it is a lot higher than people think. People think they can come in with $500 to $10,000 and think they can start trading. You need a minimum of $65,000 to even barely break even. You could be sitting comfortable at $125,000. The thing though, people get really clammy when they start messing with "large" amounts of money like this. Especially people who have zero experience when loosing 50k within seconds. If you do have the necessary funds, just look online for software programs that help give you access to more information. A program that comes to mind is Trade Ideas and other shit. Good luck.

[Anonymous No.23825029]

>>23824940
>You need a minimum of $65,000 to even barely break even. You could be sitting comfortable at $125,000
That's retarded. It all depends on the amount of money you'd like to get from it

[Anonymous No.23825056]

>>23824661
this guy is right in the sense that yes the odds are highly stacked against you... especially if you are a normie who heard about it from some celebrity.
The thing is the frontrunning algos dont really affect day trading they are basically just a tax on all trades at this point .... unfair but yeah
This doesnt mean its impossible though. It just takes lots of time, research, and a decent amount of capital to lose before you can become profitable.
Algos are just designed to make money because they "trick" other algos or 95% of people
you just need to figure out how to trade with the algos and let them do the work for you

[Anonymous No.23825156]

>>23824940
it matters just about zero how much you start with

and just to be clear there is a difference between front running trade algos which are just smarter people with better technology taxing everybody else. Frontrunning algo bots can have years worth of normal trades done in a few seconds because they are battling each other on such small time frames. Its actually insanity
and regular trading algos which are just algos that are designed to extract money from the market in a general sense. It can get very complex. It is essentially war and there are no rules to war.

[Anonymous No.23825293]

anyone who has made it, how large of a profit do you make daily/weekly?

I can reliably scalp several % daily and am thinking about trying proprietary trading to build capital faster

[Anonymous No.23825834]

>>23823974
Just trade LEAPS. That's what I do and you get long term cap gains.

The right leaps can provide gearing and multiply gains 2-3x+ depending on how OTM they are
>up 25% in one day in the Roth IRA

[Anonymous No.23825899]

20x margin makes even 1K a good enough stack

[Anonymous No.23825928]

https://www.youtube.com/watch?v=c1Ann3P47a8

[Anonymous No.23825935]

>>23823974
>Good way to lose money and sanity

u just became profitable after losing everything i made in 2017 over the last 3 years.

OMG thank got for those stimulus checks and AMPL giving me a second shot at things

[Anonymous No.23825946]

>>23823752
If you have enough money you can make it swing trading; but you're more than likely going to lose money.

Example
5,000$, throw into shits hoping for 1-10% increase then take out that and rinse and repeat.

I am not a financial advisor and would implore you to do DYOR and not risk anything you're not prepared to lose. God Bless

[Anonymous No.23825967]

>>23823752
day trading is a meme and you will wind up broke but swing trading long term holds is good imo. made enough off one swing trade to live for nearly 2 years. all in link of course

[Anonymous No.23826158]

>>23823752
Buy kneepads to make a iving.

[Anonymous No.23826243]

Best to wait for good sales.

Union.Finance is one.

Don't take my word for it though, verify.

[Anonymous No.23826260]

>>23823974
>people trade for like 2 - 5 years before they get TRULY consistently good AND betting at large enough sizes to really matter.

It’s the scaling up that’s hard. Any retard can learn some basic risk management and use his 5 figure portfolio to swim around in essentially unlimited volume. You can easily beat the market and if you do it long enough, shave about 15 years off your retirement target. Actually living off your trades is a whole other story if you aren’t trying to live like a pauper.

[Anonymous No.23826343]

>>23823752
Have a swing stack, have a day stack, and most importantly, be eligible to sell on any exchange for arbitrage gains

[Anonymous No.23826457]

>>23823752
I was a degenerate swing trader for 2 years. Been a swingtard since Sep2017. I was down close to 95% early 2019. I knew I had to make it back with "one final" trade otherwise I would always be in the hole. I lost prolly like 5 in a row after that thought. I DCAed another 15k on top of the 35k I previously put in. I finally bought link at 1.35 and sold at 4.50 to rebuy in back at 1.50. That was the the second last time I traded but it was ONE of the reasons i am now back in the green. I also picked up 25% my stack selling link recently at 12$ and buying in back at $9.50. I knew it was gonna drop to 7$ but swinging now seems like the rope itself.

There's reasons in I'm the green now. One was that dope trade described above. The second was the DCA of the extra15K. The DCA was the safer option. If I lost out on my last 2 trades I would roping myself.

The reason I'm in profit on 100% of my last 2 trades....is because I lost so much fucking money. You never wanna be in my shoes. Dont swing trade. It's literally gambling.

If you wanna swing trade. Do it hypothetically and document everything. All you loses and wins. Do it for 2 years and tell me ur profits. I feel like now I can call most tends. It's never 100% and I know if I followed my plans I would be rich as fuck right now.

The thing is once ur money is in it and it's not hyptheticals....ur reactions are different. Its impossible to remove the emotional when its ur money.

[Anonymous No.23826569]

>>23823752
Yes you can make a living but requires serious skill, experience and impulse controll. You also need a massive capital like 10-20k if you dont want to be scraping pennies of the couch. Look up tradingrush if you wanna learn trading with basic indicators.

[Anonymous No.23826598]

>>23824919
Your dad would disown you for shaming him

[Anonymous No.23826626]

>>23824233
>algos are like average tier traders
why?

[Anonymous No.23826633]

>Be or hire a girl
>Stream her on twitch "trading"
>use simp donations to get free calls
I swear there's a niche not being filled here and soon some girl is going to make millions knowing fuck all about finance, because simps will pour money in by the truckload.

[Anonymous No.23826737]

>>23825293
You can safely and reliably scalp up $100 every day with only 1 BTC in your wallet providing that you have the discipline to wake up in the morning and be determined enough to make that daily bread. You need a set of trading rules which you will fallow in whatever situation you will find yourself in.

[Anonymous No.23826768]

>>23826737
only 1 BTC

[Anonymous No.23826841]

>>23826768
Ye literally only 1 BTC. Have you watched the pricecl action lately? Weve been pumping and dumping hundreds of dollars almost every hour. No problem making a few 30$ victories per day.

[Anonymous No.23826858]

>>23826737
I have been trading forex pretty much exclusively, don't really care to trade coins although since i'm just using TA i guess I could.

[Anonymous No.23826869]

>>23823752
Unless you have a statistical edge it’s no different than gambling.

[Anonymous No.23826889]

>>23826841
no I mean it's easier said than done
1 BTC would take me 6.25 years to purchase if I save my whole salary
I agree with you just saying it's a pretty big investment

[Anonymous No.23826907]

>>23823752
26 yo day trader here been my job for about two years now

Like taking candy from a baby

[Anonymous No.23826982]

>>23826889
You make less than $10 a day. With the same returns the other guy is talking about you can make $10 a day with 0.1 BTC or $1 a day with 0.01 BTC.

[Anonymous No.23827015]

>>23826889
Lel took me only 3 months of wagecucking till i could get a 10k loan from my bank. Bought 1 btc for 7k in december and used the rest as buffer till i got the ball rolling.

[Anonymous No.23827071]

>>23826982
yes I make around 200$ now due to inflation and got a shitty job because got laid off from my previous one months ago
I empty all my paycheck to live by ngl, and we can't use coinbase and such here
the best I could do is purchase around 10$ per month from peer-to-peer and HODL I guess
>>23827015
took me 5 years to save up 10k which
>>https://en.wikipedia.org/wiki/Lebanese_liquidity_crisis
basically cucked out of

[Anonymous No.23827099]

>>23826982
and did you take into consideration fees to cash out?
or when BTC dips again?
I'm hopeless ngl, probably roping when civil unrest here starts, giving the rest of my cash to my parents lol

[Anonymous No.23827135]

>>23826907
how much capital and how long of a trading record did you have before going full time?

[Anonymous No.23827144]

>>23823752
It's more for entertainment than profit. If you are lucky you can also make gains, basically like gambling.

[Anonymous No.23827167]

>>23827144
exactly
most of /bizraelis trade stocks/invest and just HODL crypto, with the occasional moonshots

[Anonymous No.23827390]

>>23827071
>>23827099
I’m sorry LebAnon. Please don’t give up just do whatever it takes to stay alive and fed

[Anonymous No.23827441]

>>23827390
I'm going to sleep to get back to wagecucking for 200 per month lmao
thank you for your thoughts fren and God bless
HODL on bros, I'll attempt to stay alive, no promises though
I love you all ngl

[Anonymous No.23827617]

>>23827441
Don't underestimate how ahead of the game you are compared to the people around you as a member of our elite secret club of 5 posters. I turned a few hundred dollars into retirement money but I have no secret sauce to teach. Just try all the things until you know what to do, be patient and manage risk.

[Anonymous No.23827750]

Daytrading margins for equity futures is $500 with many brokers. You don't need a lot of capital to trade but you'll probably lose your money if you've only been doing it for less than 12 months.

If you actually plan your trades and review your losses, you can become profitable. I mostly scalp ES and NQ during the first 90 minutes and I'm making more than I do at my software job.

The reality is that 95% of people "trading" are just punting, revenge trading, or trading too large. That's why so many people fail.

[Anonymous No.23827980]

>>23826457
How do you even lose money without leverage lmao, just don't sell at a loss

[Anonymous No.23828566]

>>23823752
first that's a man. second shut the fuck upa nd buy link

[Anonymous No.23829255]

>>23823752
Swing trading is real. IDK if day trading is real because some days nothing fucking happens.

[Anonymous No.23829555]

>>23824012
Don't listen to this guy. Buy my course for $1499.99 which is discounted price for this season. All other traders sucks and only i know how to trade and i want you to succeed.

[Anonymous No.23829594]

>>23829555
Totally not samefagging here, but i took this guys course and even i as as seasoned trader increased my profits.