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/biz/ - Business & Finance

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File: 24 KB, 631x280, 2021-03-05 15_41_02-New Study Shows Just How Unprofitable Day Trading Is _ Finance Magnates.png [View same] [iqdb] [saucenao] [google]
30277644 No.30277644 [Reply] [Original]

are these the stats of /biz/? or does this board/crypto has an edge somehow?

>> No.30277734

>>30277644
What’s the author’s last name?

>> No.30277775

>>30277644
/biz/ is even worse than average.

>> No.30278088

>>30277644
>>30277734
I believe it lads, the transaction fees and missing on long-term compounding is quite bad. Not to mention the amount of time you must devote to it compared to going long. Obviously swing trading is better and these strategies are more effective in a bear market - but it is true.

>> No.30278124

>>30277644
>less than 1 percent making more than minimum wage
Kek, I always thought day trading is a meme. It's all just a scammers who claim they can teach you the mysterious art of chart fortune telling.

>> No.30278305

>>30278088
wow imagine working a job while having a position that you don't have to monitor 24/7. Revolutionary

>> No.30278763

>>30278305
Imagine not doing all 3

>> No.30278885

>>30277644
If you made $500 a day on average, that's $130k a year. How difficult could that possibly be?

>> No.30279023

>>30278885
for neocoms? impossible.

>> No.30279095

>>30277644
It's unprofitable for most people including myself but it's doable. College is unprofitable for most people as well when they could have learned a trade.

>> No.30279227

>>30277644
>NOOOO don't try trading, you'll be fucking poor you fool

>> No.30279422

>>30277644
97% of "traders" have no fucking clue on what they're doing. they trade like fucking mongoloids. in most markets, a day trader needs to identify the current long-term trend and trade with the trend. many think they can somehow catch a reversal and trade against it, it rarely works. reality is most markets stay in a strong long or short trend for an extended period of time, hours to days. look at BTC, it's been on a down trend on the weekly for 15 days. or for 15 hours on the hourly. it isn't that difficult to just take a position in the direction of the trend and let it ride. odds are the trend will continue for a while. those who fail at doing that are the greedy and impulsive, which I can easily believe make up a significant chunk of that 97% of losers.

tl;dr stats don't mean much without context, the average trader is an impulsive ignorant gambler and therefore not surprising 97% end up losing.

>> No.30279600
File: 103 KB, 1192x429, 1593158272079.jpg [View same] [iqdb] [saucenao] [google]
30279600

>> No.30280033

>>30279600
Holy BASED
INTJ master race.
*S** are NPCs, also.

>> No.30280042

>>30279422
also, with what you wrote you're part of the 97% because it's too basic to make money consistently.

>> No.30280192
File: 612 KB, 576x772, 1604243221961.png [View same] [iqdb] [saucenao] [google]
30280192

LET ME GUESS: they are talking about BOOMER stocks.

Meanwhile crypto has near zero fees. Die in shit boomers.

>> No.30280475

>>30280042
why don't you explain your strategy then anon, I'm willing to improve mine. it's been doing okay lately, on EUR, GBP and USD pairs, every day during the US market open / London PM cross-over (between 9.30-11.30 ET) these pairs tend to make big moves in one direction. it isn't too difficult to ride the trend for a couple hours. it's not 100% but it is about 50% which, with a 1.5:1 r/r ratio is good enough to be profitable

>> No.30280580

The best way to day trade is to not rush into trades. Even if you average less than 1 trade per day, who cares. Ladder your buys/sells so you don't get bogged and always keep a stack in reserve for the massive corrections. Stick to blue chips so you know you're buying something that will eventually go up anyway. We're still in a bull run and buying dips is always gonna pay off (until the inevitable crash and entry into a bear cycle).

>> No.30280872
File: 84 KB, 706x680, 0094_-_AoQ7Dnh.png [View same] [iqdb] [saucenao] [google]
30280872

Leverage + market cipher

>every damn day

>> No.30280974

It's because retail day traders always fomo in at the tops.

>> No.30280983

>>30280192
>near zero fees
>is always taxed at the rate of gold
GL the IRS is tracking your IP now.

>> No.30281059

>>30279600
basado maximo

>> No.30281170

>>30280192
>Meanwhile crypto has near zero fees

>> No.30281330
File: 542 KB, 747x719, kek.png [View same] [iqdb] [saucenao] [google]
30281330

>>30280192

>> No.30282239

>>30280475
50% is actually pretty bad lmao

>> No.30283739
File: 82 KB, 750x536, a0000997_main.jpg [View same] [iqdb] [saucenao] [google]
30283739

>>30280192
>Meanwhile crypto has near zero fees

Even I'm not this schizo.

>> No.30284195

>>30279600
>whole numbers
>four decimal places
seems totally legit there bro

>> No.30284433

>>30277644
Id rather earn the legal minimum wage daytrading than earn the legal maximum wage flipping burgers.

>> No.30284752

>>30283739
kek based schizo sakura spammer

>> No.30286899

>>30278885
You need to invest a considerable amount to generate $500 in a day. You can't just swing 50 shares of some $5.00 stock and expect to earn $500 without a bot making 5 trades every second.