/biz/ - Business & Finance

[Anonymous No.3161823]

Hey /biz/.

I'm a wagecuck and I don't want to be anymore, so I want to get into daytrading.

I got intro it with $500 just to get the hang of it without risking alot of money and I've lost 25% in a day.

So, how can I not suck at daytrading and how did you fine gentlemen started doing it?

[Anonymous No.3161853]

buy minerium right now and you'll have 3000 by tomorrow

[Anonymous No.3161856]

Don't daytrade. Pick a winner or two and hold.

[Anonymous No.3161860]

>>3161823
Well, to start, you'll need about $500,000

[Anonymous No.3161879]

BTC, ETH, LTC, XMR.

Buy, hold. Dollar cost average if it makes you feel better. Don't worry so much about the immediate price, don't try to time the market. Just buy and hold.

Simple, see?

[Anonymous No.3161918]

Don't fucking bother, if you think you can game the system daytrading to get EZ 20% you're either retarded, lucky, or both.

[Anonymous No.3161933]

STOP POSTING BUSTY GOOKS IM ON NOFAP GODDAMIT

REE

[Anonymous No.3161967]

>>3161823
Buy PADS

[Anonymous No.3161977]

>>3161823
honestly litecoin has a lot of small pump and dumps, might be worth considering.

[Anonymous No.3162165]

So, no one here gas made money daytrading?

[Anonymous No.3162259]

Do not daytrade and use technical analysis. People tout TA like it's real, but it's a great way to lose money. The volume of money coming in on a pump is greater than the slow bleed you see, you are usually less likely to catch an upswing than a slow bleed. Plus with the random amounts of money coming in, from random amounts of people, TA does not effectively predict this. It is a gross oversimplification, no matter how detailed and technical your practices are.

However, feel free to sell when you made some profit. I suggest getting some BlockCAT, hold it until it gets on a bigger exchange. You should be trading on pending news or fundamental changes, not daily volatility.

[Anonymous No.3162267]

How much OMG for that bitch?

[Anonymous No.3162292]

>>3162267

4

[Anonymous No.3162303]

>>3162165
No. To be reliably cash out $100 a day, or whatever comfy living expenses are in you country, you need to be trading with ~$100,000k equity.

[Anonymous No.3162310]

>>3162303
sorry, just $100,000, I don't knwo why I stuck the k there.

But to continue, everyone here just reinvests their gains. Personally my goal is to get towards house deposit money and then cash out.

[Anonymous No.3162319]

Well you need 10k. So you can cash out 1k if you make 10% weekly profit

[Anonymous No.3162328]

>>3162259
>>3162303
Thanks anons.

So, you guys just hold for the long term?

[Anonymous No.3162336]

1. Daytrading as the very first thing you do is a horrible idea, as you have figured out
2. Technical Analysis works for stocks, not crpyto
3. Daytrading with $500 is pointless. Need at least $10,000 to start with to make daytrading worth your time

[Anonymous No.3162413]

>>3161823

All my investmens are huuuge 2digit red today.
WTF is going on today ?
Almost ALL cpint are having a ginormepus red day !?

Has to do with the black hole sun.?
Ppl superstitious or somthng ?

[Anonymous No.3162875]

Day trading is hard. Even if you are good at getting 5-10% gains and getting out, it is easy to get stuck holding your dick (you try to sell and no one will buy). This is why most day traders lose all their money. They will be up 30% on the month and then lose 50% in one downturn they couldn't get out of.

[Anonymous No.3162901]

>>3161823
GET OUT WITHOUT BAGS AHHHHHSSHHH FUCK YOU BIZ.

[Anonymous No.3162903]

>>3162875
So, I can assume that everyone here who claims they've made money daytrading are shitcoin shillers?

[Anonymous No.3162915]

>>3162165
I wish i were eating out of that pale

[Anonymous No.3162918]

>>3162903
Not everyone, just 90%

[Anonymous No.3162944]

>>3162903
Coming from stocks, I made 100% gains in the past week trading a single shitcoin. Average about 10% a day. Granted my equity is not in the thousands, but that wouldn't change anything. It's not hard, you just need to find a shitcoin with good support and volatility. Buy low sell high, watch for pumps and be patient. All there really is to it.

[Anonymous No.3162974]

>>3162944
>be patient
How patient? Hours, days, weeks?

Tell me about how you started. How much did you invest at first and how much do you have now?

[Anonymous No.3162977]

>>3162903

I made 15.5 BTC between dec - may trading BTC futures on okex

[Anonymous No.3162988]

>>3162903
4chan is kinda a dark corner of the internet. Also, people are more likely to come here and brag than come here and say they want to kill themselves. They go to /b to do the latter.
>>3162918
Some are shills, others are wannabes that want attention, some are real. Look at how much cryptos increased in the last 6 months. Tons of day traders probably did make money because you can't lose when everything is going up. No isn't 6 months ago.

[Anonymous No.3163032]

>>3161879
Exactly. Exact thinking. Exact coins.

[Anonymous No.3163046]

>>3162974
>How patient?
Depends. Hours usually. If you have to wait longer then you are usually bagholding and probably bought at wrong price or wrong shitcoin. I bought $400 worth of a decent shitcoin and made about 100% gains over ~50 trades. Buy at support, sell at resistance. Really that simple.

[Anonymous No.3163069]

>>3162974
LOL, hours or days.... .

I bought 4 BTC in 2014 and holding since... .

[Anonymous No.3163074]

>>3163046
And how long have you been daytrading? Have you always been that good?

What advise would you give to an aspiring daytrader?

[Anonymous No.3163218]

>>3163069
Why aren't you selling? btc is dead

[Anonymous No.3163509]

>>3163218
Because Im clever.

[Anonymous No.3163526]

>>3162165
I would literally have sex with this woman.

[Anonymous No.3163644]

>>3163526
I dont follow

[Anonymous No.3163669]

>>3163074
>ywn have these two as harem wives

end it.