/biz/ - Business & Finance

[Anonymous No.50903964]

>swingies get the rope!!!!

Why do people here say this shit? swing-traders are literally the ONLY people who make money in bear markets, and crypto has MULTI-YEAR BEAR MARKETS....so why the FUCK wouldn't you swing trade crypto?

Crypto price boom occurs 1% of the time, 99% of the time the price just pumps and dumps over and over again in the same range.

[Anonymous No.50904064]

hodlers can only seethe unless their number goes higher

[Anonymous No.50904252]

>>50903964
Because most swingies get burned one way or the other, sooner or later.

[Anonymous No.50904366]

it's statistically proven that traders on average do worse than holders
it's worse for your mental wellbeing too. there's a reason swingies are retards who think making fun of redditors is peak humour

[Anonymous No.50904482]

>>50904366
Wasn’t there a hamster that btfo every traders in Wall Street?

[Anonymous No.50904494]

just know the future bro lmao

[Anonymous No.50904504]

>>50904482
probably, sounds like something that would happen

[Anonymous No.50904514]

>>50904366
I am not shure that holds for shitcoins

[Anonymous No.50904529]

>>50904514
yeah but you don't swing shitcoins. you get in early and then get the fuck out when it pumps never to return

[Anonymous No.50904988]

>>50904366
>it's statistically proven

[Anonymous No.50905009]

>>50904366
Yeah its statistically prove that the NPCs (You) DCA and wait until age 67 to cash out, while the GigaChads (Me) are rich decades earlier by swing-trading.

[Anonymous No.50905098]

post pnl and trades you wont

[Anonymous No.50905127]

>>50903964
Because if everyone does it, it becomes harder to do

[Anonymous No.50905187]

>>50904366
For stocks sure. But in crypto you would have been better off selling every shitcoin near its peak hype for bitcoin.
Btc is the only coin you would have been always better off just holding.

[Anonymous No.50905290]

Crypto/Futures it's a hit and run game
The more you stay in, more the risk.

I have seen retards making literally millions and not closing positions or cashing out, and then getting fucked.

Yeah ofc hold 1 or 2 coins that you like but fucking sell the damn thing eventually

[Anonymous No.50907157]

>>50904529
>>50904366
>statistically proven
>you dont swing shitcoins
>you do this and that

calm down, you have absolutely no idea about what you are talking about.

[Anonymous No.50907643]

>>50907157
>thinks I'm angry when I casually explain objective facts
we can all see the projection here, buddy

[Anonymous No.50907761]

>>50907643
>no one swings shitcoins
what faggots ass did you get that fact from?

>traders do worse on average than hodlers.
a bad trader will be as bad off as a bad hodler (a hodler who bought some shit like LUNA thinking he was le based hodler).
a good trader will certainly make more than a good hodler.

just because you cant trade, does not mean I cant.
hodling is an excuse for doing zero research on how markets behave.
its a convenient position since it is socially acceptable to say that you are an investor and not a degenerate gambler.

still, when you have to wait 4 years with your capital down 70% because "you dont lose if you dont sell" boomer overchewed retard proverb... you probably are objectively a retard

[Anonymous No.50907824]

>>50907643
even from a business perspective a good trader will always be preferable to a hodler.

>boss, we can probably make money next month, we are entering a crab portion, we will be running our mean reversion strategies,
>we just had a good month of trend following.
>are the profits locked in?
>of course we only leave a small portion as a margin deposit. our systems are good enough to avoid liquidation most of the time, we still get liquidated 4 to 5 times per year.
>but you lose only the margin deposit right?
>correct boss.
>ok, lets put money in this shit.

meanwhile, good luck explaining to someone who is ready to invest that they should let you manage money as a hodler of chainlink.

[Anonymous No.50907841]

>can we expect profits in 6 months?
>idk, boss
>how much can we expect to lose?
>idk, boss
>how long should we stay in?
>idk, boss
>get the fuck out of here!

[Anonymous No.50907853]

Jeez, u're stupid af! Try Life Beyond. it's easy even for you.

>Play & Earn massively multiplayer role playing game
>AAA Blockchain powered MMORPG, made by ex Ubisoft devs
>users do not even need to have a wallet to play
>Upcoming NFT Drop

[Anonymous No.50907910]

>>50905187
>if you look at these literal ponzi schemes, it turns out you would have done better if you timed the top
yeah and here's another hot tip - if you go to the casino and put it all on black, you would be better off if the ball stops on black

[Anonymous No.50908111]

all coins move the same way, including bitcoin.
all coins exhibit trends from time to time
all coins exhibit price action in a range
all coins are most of the time correlated to bitcoin
bitcoin is most of the time correlated to sp500
traders trade indexes, stocks, bitcoin, shitcoins, fiat currencies, commodities
good traders have a plan for every thing that may happen,
good traders have a contigency plan and they keep a majority of the capital off the exchange.
for adverse events, this capital is free to be used


hodlers buy shit based on advertising and twitter posts,
hodlers never look at the list of stocks that were actively trading during the dot-com bubble to see which ones actually survived 3 years let alone survived to this day.
hodlers love hopium material and paid twitter shills know just the way to give administer this hopium
hodlers do not have a plan
since hodlers do not want to understand how to use margin, they keep all their money on an exchange in one coin and have 0 free available capital.

[Anonymous No.50908150]

>>50907824
stop with the mansplaining chud

timing the market = 99% luck. that's all there is to it

[Anonymous No.50908183]

>>50908150
facts dont care about your feelings

[Anonymous No.50908361]

>>50908111
Checked and screencapped.
>>50908150
>timing the market = 99% luck.
See:
>>50903964
>99% of the time the price just pumps and dumps over and over again in the same range.
Crypto market isn't predictable, exactly. But it does move in such a way that you can properly balance risk and reward and gain from the moves.
It's great when line go up. But when you swing trade, you also learn to love when line go down.

[Anonymous No.50908394]

>>50904366
>retards who think making fun of redditors is peak humour

[Anonymous No.50908736]

trading is a hard process if you are starting out.
it is hard to get there though.
there is a lot of good and bad information, your work as an aspiring trader consists mainly of trial and error and filtering of information (not company information, talking about trading methods and practices).

there will be times when you lose way more than you'd want but you also have to be willing to learn the lessons to avoid that sort of thing. the lessons are served but you have to acknowledge what you did wrong and commit to a course of action.
often we know what we did wrong but we can't handle the steps required because of different reasons and life situations.
you have to study risk management
some do not have the time or the discipline to do that. in that case you might want to work on those.
as a poorfag you might have to become a hermit since you wont have time to work a day job all year since you need time for trading.

you might have to pick up some basic programming skills, they will greatly enhance your experience and give you way more time.
think of programming as a way to create a free worker for your trading company. it can be an analyst, portfolio manager or what not. you dont have to pay him a dime since its a program.
you might want to invest in other programs as needed if they are not free already depending on advantages.