/biz/ - Business & Finance

[Anonymous No.28983682]

How was you first time in trading, /biz/?

[Anonymous No.28984249]

>>28983682
Only put $1,000 (so the wife wouldn't complain) into crypto. Made $200 my first day, $100 my second day. Thought, "ya know, what if it was $10k, and I made $3k in 2 days?"

Sold a few guns back in Dec for the $10k capital. I haven't gone a day where I've made less than $1k a day. Crypto is rediculous. I wish I had gotten in on it back in 2019. Would have made it by now. Oh well. It's making my job in corp finance seem... boring and "what's the point", but I've gotta keep the cheap health ins for the family.

[Anonymous No.28984339]

lost 2k on GME and AMC but gained 4k because of GRT ADA and ALGO

I still have the meme stocks as a reminder. I probably should take my losses and make it back with NU

[Anonymous No.28984363]

Turned $500 to $1000 with XRP then did it again with $20000 but into $60000

Then got scared that I had beginner luck and just put it all into Bitcoin

[Anonymous No.28984382]

>>28983682
Put 100$ into Bitmex, turned it into 300$ in 2 Days scalping the 1 minute. On the third day i lost everything, put another 100$ in Bitmex lost it on the first day.

[Anonymous No.28984504]

>>28983682
got liquidating a bunch on bitmex being a fucking retard and thinking I was learning, but in reality I was learinig not to use any leverage over 3x and that bear markets last a lot longer than I thought

probably could have had 10k more link if i never tried

[Anonymous No.28984522]

>>28983682
in 2017 someone told me to buy XRP days before it skyrockted, basically made 3k then floundered a bit trying to figure out what else to do. Left with 2k lol

Got back in a few weeks ago, put 5k on BNT and it is now 10k. Feeling a lot better this time around

[Anonymous No.28984732]

>>28983682
All the way back in 2009 on a dodgy trading platform buying nvidia shares, if only I hodled it...

[Anonymous No.28984858]

>>28984249
Don't quit your job until you can make money in a bear market, might be a while before we see those conditions again though

[Anonymous No.28984908]

>>28983682
i bought link at 25 and sold at 17 cents

[Anonymous No.28984985]

I bought 100$ pesos worth of BTC on cuckbase

[Anonymous No.28985768]

>Bought $1000 tech company my work uses shares
>Pumped +30% in a few months
>Dumped all but one share to track my fiwst stock
>Moved profit into CRBP and dumped at +50% (I don't understand/trust 3rd world biotech)
>Bought stable tech stock with good growth potential that is dominant in its sector with gains from both sells
>First stock now at +50% a month after dumping

Now I'm here wishing I held for +100%, but I think this new stock may +50-100% from where I bought in based on what I know of the company, competitors, and experience with their products. At least this one won't go to 0 in a crash since the companies that use it likely won't be able to afford to migrate their infrastructure for some time.

[Anonymous No.28985838]

Bought HOGE then ASKO. :)

[Anonymous No.28985949]

DFT is my first trade. Bought at $10 now $19.6 still holding cause good shit is coming

[Anonymous No.28986036]

feels good man

[Anonymous No.28986216]

>>28984363
big fucking brain move not even joking bro well done. It defs was beginnners luck, i suck shit at this but still have money just because I bought and hold link. Nothing wrong with buying and holding BTC my friend, That was my first move before moving BTC gains into LINK

[Anonymous No.28986231]

>>28983682
Lost about 30% in a couple of months, trying to day trade right after getting my financial management degree. Haven't traded for half a decade after that. And now after watching people like alex jones for years I finally know enough about the world to make money on the markets

[Anonymous No.28986274]

>>28983682
40k loss in leveraged forex, shit hurt back then jesus...

[Anonymous No.28986330]

>>28983682
bought 30$ of link at 3$ then sold at 90% profit

[Anonymous No.28986378]

Put 300$ hours before Musk said Tesla will enter with 1.5B.
Jumped from 40k to 48k in a few days.
These days i swing trade Kusama.
10-20$ per day swing

[Anonymous No.28986476]

sold $5k in AAPL because I thought the iPhone would be a dud

[Anonymous No.28986490]

>>28986330
thats not how percentages work

[Anonymous No.28986513]

>>28984339
Lost 1k on AMC but up 1k in Ethereum

No profit ;_;

[Anonymous No.28986534]

>>28983682
Not bad for a newfren, bought a stacklet of GRT at 0.57 and walked with about $300.00 profit, dumped half back in during the big dip @ $1.78 and the other half of profits I put into other investments. I'm a poorfag, but it's still a profit.

[Anonymous No.28986668]

>>28984249
>Crypto is rediculous.
>I wish I had gotten in on it back in 2019.
>Would have made it by now.
>he hasn't experienced a bear market
You're in for a rude awakening before the end of this year
Enjoy this environment while it lasts

[Anonymous No.28986751]

>>28984249
Everyone's a genius in a bull market. Don't quit your real job.

[Anonymous No.28986773]

>>28983682
Lost $3k

[Anonymous No.28986849]

Bought $100 BTC in 2017. Forgot about it until this year. After much pain I got my Coinbase account back up - wasn't even sure that it still existed.
Had $6K in BTC in it. Read a bit, did some research here mostly.
Opened a Voyager account moved my BTC , sold a bunch of it and bought AVAX at 17. Sold at 54. Bought a mix of coins, got a decent wallet. Now considering selling it all.

[Anonymous No.28986906]

>>28984249
These posts really make me want to sell everything.

[Anonymous No.28986928]

>>28983682
I put in 300 dollars a month ago. Now I have 600 but it's dumping hard. Overall it has a lot of swag

[Anonymous No.28987032]

>>28983682
Began a month ago and turned 5k into 10. Decent I guess

[Anonymous No.28987058]

Put 1000 into nano at it's peak and it dumped in 2017 or whatever.

Bought gme at like 380 , lost about 5k.

Bought about 3k into Asko and it took a big shit and I'm at like 1500 on that....

I have done other good plays like a little link, some rsr and ftm, but God damn I haven't been able to catch a break.

Luckily I make 6 figures so I can do this dumb shit but fuck me I'm a dumb. Shit.

[Anonymous No.28987155]

>>28986476
I'm so sorry anon...

[O. L. Duncan No.28987243]

>>28983682
ProShares Ultra Bloomberg Crude Oil ETF (UCO)
Swing Trade
February 1, 2021 – February 2, 2021

February 1, 2021 at 3:00 am
• Monday morning, I read a Reuters article titled "Tight oil market in first half could push Brent crude to $65".
• Brent was above $55 last Monday, so I take this as good news which will pump the UCO stock.

February 1, 2021 at 9:00 am
• Purchase $10000 worth of UCO at $41.22 a share.
• $41.22 × 242 shares = $9975.24

February 2, 2021 at 4:00 pm
• Turns out the good news pumped the price of UCO to $44.31.
• I sell all of my UCO shares.
• $44.31 × 242 shares = $10723.02
• I make a profit of $747.78 in 1 day.

[Anonymous No.28987257]

>>28987058
thank you for providing us with money good sir

[Anonymous No.28987346]

>>28984339
>lose with boomer stocks
>win with crypto
lmao the meme is real

[Anonymous No.28987407]

>>28984249
nice larp, show proof

[Anonymous No.28987463]

>>28984249
>rediculous

[Anonymous No.28987580]

>>28987058
Why do you buy shit tier coins anon? Are you retarded?

[Anonymous No.28987836]

>>28987580

I was bored I guess....

Also with the case of nano I was at the time super fomo from reddit fuckers evangelising how nano would dethrone btc lol.

But really yeah I'm retarded too

[Anonymous No.28987877]

>>28986490
buy high sell low, its so easy my dude

[Anonymous No.28987990]

>>28984339
I lost 200 off of AMC + 500 off of shitcoin gasfees but I'm up about 300 now thanks mainly to algo & ada. Also a special shoutout to ocgnfag and a temporary fuckyou to crbpshill.

[Anonymous No.28987994]

>>28983682
>How was you first time in trading, /biz/?
i was a student
i had 350 euro and i lost them on margin trading in about 30 minutes
i was sick for a week, i literally got fever out of nowhere
it's was a crashing experience for a poorfag like me
now it's just numbers, i don't feel anything, i'm up and down several hundred k in a day

[Anonymous No.28988037]

>>28983682
watching these pump and dumps flush ppl's savings and luling
good times

[Anonymous No.28988049]

2014
Trading DOGE listening to wolong's tips.

[Anonymous No.28988068]

>>28983682
trading? I don't know what selling is. I only buy.
When I'm paying for everything in crypto, I'll have made it.

[Anonymous No.28988088]

>>28983682
i ended up making a coinbase account and i did all the 'watch video lessons to earn rewards' and now i have like 31 dollars in shitcoins for free

[Anonymous No.28988267]

>>28984339
cash them out when you cash out your crypto. You can claim the losses on them against the gains from crypto and pay less in the taxes

[Anonymous No.28988328]

>>28986216
>>28984908
link is a scam

[Anonymous No.28988355]

>>28983682
Priced out instantly

[Anonymous No.28988397]

>>28983682
still a virgin, got 500 sitting in webull and 500 and 500 in schwab. just don't know what to buy.

[Anonymous No.28988417]

>>28983682
It was goooood!

-23.7% return!

[Anonymous No.28988848]

>>28983682
bought DGB back in may 2017, it went 3x like 2 days after I bought and I thought I was a genius lol
In the end I held too much and sold at a 50% loss though kek
generally I was retarded as fuck previous bull market, invested in garbage coins like DGB Stratis Dash etc. I'm probably the only person who started in 2017 and is only 8 times up from his initial investment back then

[Anonymous No.28989165]

Lost $80 from AMC and GME. Made $52 from free coinbase crypto watching vids and transferring fiat. Then in about 2 weeks I turned 1k into 4k. I switched out my free crypto to more GRT as well. Took me about a week to kind of figure out what I wanted to do. I think I learned some lessons about investing in real projects I believe in and when to pull out on a pump and dump but I'm staying away from pnd scams.

[Anonymous No.28989229]

>>28983682
It's been over a week for me now and I've gone deeper than I wanted. I'm a poorfag so all I had to start with was 200 and got lucky with ALGO before it pumped and now I'm $1k. I'm learning to day trade as a "maker," lost and gained a lot of money learning how to play the game but I fully understand the basics now and think I can win this game. With my tiny little stack, I moved a little over $25k and managed to not lose my $1k stack... yet

[Anonymous No.28990368]

>>28989229
Not trying to put you down, but one single week learning how to trade won't be nearly enough to make money consistently unless you're a wonderboy with an IQ of 180. Trading in a bull market is extremely easy because everything is going up. But bull markets don't last very long compared to bear markets.

The vast majority of people, many with an IQ above 130 who put 8+ hours in every single day, lose money their first year trading a normal market. You're not any different, and if you allow yourself to think so you will end up losing your stack the moment bull market ends.

[Anonymous No.28990478]

>>28983682
Lost $40 buying in after the rukus on GME on the thought that maybe they'll just stifle the interest in the market and then suffer whatever they need to suffer on a smaller scale soon after. Anyway, turns out they just switch the market off when they lose and then break whatever rules they need to whenever they want. More of a clarification than a lesson but this time i watched it for myself with my own capitol involved so that was a decent lesson for the cost of $40.

I've also stumbled around in crypto. Lost about $20 in the last week or so despite everything. If you need something to go red within the next 3 hours let me know and I'll put $50/BTC on it for you.

I'm convinced I can be brilliant at this.

[Anonymous No.28991014]

>>28983682
>broker offers free trades on certain mutual funds
>ETFs were not a thing, robinhood was not a thing
>mutual fund prices update once at 5:00pm
>watch how the market moved through the day and attempt to determine the size and direction of the movement
>position for it
>either win or lose when 5:00pm comes around
Did ok

[Anonymous No.28991077]

>>28990478
put some bitties on algo
thanks, fren

[Anonymous No.28991114]

>>28983682
Made $50K in GRT, lost 10k in PPAY and LIT. Idk how to feel

[Anonymous No.28991200]

>>28986490
explain

[O. L. Duncan No.28991234]

>>28990368
The moment I started getting cocky was the moment I lost money.

[Anonymous No.28991238]

>>28990478
Honestly, what's the point of browsing /biz/ when you're gambling with lunch money? Do you browse forums for people who buy lottery tickets as well?

[Anonymous No.28991345]

>>28984249
Lol this is exactly where I’m at. Make about $80k a year after tax and I made $25k in two months trading cryptos. Just gotta hit 8 figures and then I can retire and go live on an island or some shit

[Anonymous No.28991389]

>>28991114
I wish I had your money cause I know exactly what to invest. Too bad I only got 5k and divided it between GRT ADA and ALGO

I can legit turn a 50k into 100k in a week but I dont have that kind of money ;_;

[Anonymous No.28991402]

>>28991238
Why would I learn the ropes of a rigged game with $thousands? you fuggin ape.

[Anonymous No.28991510]

I wanna sell everything after reading thus thread.
You're all newfags

[Anonymous No.28991577]

>>28991402
Because we're in a golden bull run and the only thing you had to do for these past 9 months is buy and hold until 99% of /biz/ is screaming "BEAR MARKET".

You make hay while the sun shines. Because soon enough the sun won't appear for another 4 years.

[Anonymous No.28991599]

>>28983682
>stocks
Starts in August 2020. Lost $50 but now make it to about $200
>crypto
Starts in December 2020. Put 30 bucks on BTC, lost about 10 bucks. Now stacking on BNB and ETH and now gaining $50

[Anonymous No.28991667]

>>28990368
I totally agree, I got in when BTC was about 37k and the 10k jump helped a lot but the short tumble since 2/12 was incredibly stressful because I continued to play
>>28991234
ngl, I got super cocky after beginner's luck with algo and cosmos and then sensibly started making huge fuckups when the market tumbled just a tiny bit. It was sobering

[Anonymous No.28991740]

>>28983682
bought DGB towards the end of may 2017 and kept adding to my position even at the peak
rode it all the way down

[Anonymous No.28991747]

>>28983682
doing OK I think, nearly to 150k

[Anonymous No.28991801]

>>28983682
>news of stock or crypto market get big enough to reach me
>I fomo in
>get btfo when it crashes soon after
The fact that I'm on /biz/ at all right now should be a massive sell indicator.