Daytrading is harder than I thought

[Anonymous No.51064447]

So I was trying to check this meme about making $100-$200 daily out of trading and I am failing to do so.
By making hundred bucks I mean withdrawing it to your bank account and try to make a living out of it. Even after few days of success I am close to blowing my account ahh there is no shortcut

[Anonymous No.51064490]

>>51064447
Leverage trading is bullshit fren. Get a god damn job and dca the big 3, bitter pill to swallow yes but you’ll be free in 5-10 years

[Anonymous No.51064493]

>>51064447
What’s your trading strategy?

[Anonymous No.51064505]

>>51064493
Mine is buy low sell lower

[Anonymous No.51064513]

>>51064447
It's hard but keep learning and building a system that works for you. Nobody can tell you exactly how to succeed, but that's also why there's a path to success here in the first place.

Ive hear pretty consistently from successful traders that it takes about two years to become a profitable trader with consistent effort. Might seem like a long time but then you have the rest of your life

[Anonymous No.51064528]

>>51064493
Swap about a teaspoon of saliva for a mouthful of semen and you’re doing better than most leverage traders

[Anonymous No.51064569]

>>51064447
The day traders that make a living most likely have a good amount already where a 1-2% growth trade would give them good returns to keep doing this as a job and maintain themselves.
There is a strategy with day trading you just need to use multiple techniques to back up your reason for jumping in a trade.
You also have to see the overall trend of market.

[Anonymous No.51065751]

Keep at it. If you take seriously and work at it every day you should be able to consistently be profitable in a year or two.
Learning how to trade properly is not unlike taking an education at uni. You're not gonna ace it in a couple of months.

[Anonymous No.51065805]

>>51065751
where should I learn? if I do it on my own I will burn all my funds

[Anonymous No.51065863]

>>51064513
>there's a path to success
your system has to be so rigid as to not allow emotion to influence your decisions. if you are at that point, just buy such a rigid system in the form of an index fund, leveraged to taste.

>successful traders
survivorship bias, on average they don't beat the market. pretty terrible when that's all you do every day

[Anonymous No.51066011]

>>51064447
awww, babby's first realization that day trading is a scam promoted by scammers

[Anonymous No.51066034]

>>51064490
It's been 5 years and I'm still not free anon

[Anonymous No.51066076]

whats the best exchange to start trading on? are low liquidity exchanges bad?

[Anonymous No.51066213]

>>51065805
https://youtube.com/playlist?list=PLfCnGhe7H-F4N14yKNiyJp2ZrVO6fTFAD

[Anonymous No.51066262]

>>51066213
ty anon

[Anonymous No.51066272]

Sad.

[Anonymous No.51066281]

>>51065863
>on average they don’t beat the market
Everyone says this doomer bullshit but never provides any sources. And regardless, the average person sucks ass at investing in general. It’s a shit take. I’m slowly getting pretty decent at making good trading plays, but I only play options and I only hold for a couple hours max.

OP most important thing if you’re trying to day trade/scalp/swing is not letting emotions get to you. My first couple months trading I was insanely greedy and would always double down and piss away my winnings.

Also you need to completely delete the WSB diamond hands shit you even see on this board from your mind. If your position goes -10% cut that shit and accept you made a bad play. It’s possible to make gains while not even having a 50% win rate if your winners run and you cut your losers early. Diamond handing is for absolute retards. I usually sell around 20-30% profit unless I’m ultra convinced it will go hirer. You will have to pay the market tax to understand all of this intuitively, but once you start getting a feel for it it’s entirely possible. I made $4k off the initial BBBY run up in calls and cashed out immediately once it hit ~$25. The trick is not letting fomo and greed get to you.

[Anonymous No.51066316]

>>51064447
I've had good luck swing trading over the last 9 years. I also work a job so I don't have the stress of having to rely on trading for my living. Check out Oliver Velez the inventor of swing trading on youtube.

[Anonymous No.51066323]

>>51065805
Sign up for a td ameitrade account so you can use paper trading on think or swim. My dumbass started out ignoring this and it cost me probably $5k in losses before I started being profitable. If I had paper traded for awhile that might not have been necessary. Although I do think if you can afford to lose $5-10k learning to trade it’s much more of a teaching moment when you have real money in the game. Also take notes on your plays and read through them every so often. When I first started I literally wrote “don’t be a greedy fuck” on a post it to remind myself not to overhold every position that goes green in hopes it will go more green.

[Anonymous No.51066378]

>>51066323
Do this. I only have $100 in my TD account so I can use think or swim on demand trading sim.

My friend who is a trader insisted I do think or swim papertrade first. So I did. Lost lots of fake money, eventually got consistent. then I tried really small size, max 5 shares in the real market. My second month I was green every single fucking day. Trading the real market is harder than paper trading, you feel things you don't in a simulator.

Even though I am profitable I still paper trade, I take it much more seriously than I did when I first started out and get more out of it.

If you don't have the discipline to stick to paper trading till you have a profitable month you don't have the discipline to be trader. You will own yourself and blow up your account.

[Anonymous No.51066389]

>>51066076
liquidity is king. If it's not the US stock market it's not worth trading.

[Anonymous No.51066482]

>2022
>People still falling for the day trading meme

Listen up kiddo. First off, 95%+ of day traders perform worse than people who buy and hold the market. That's just a fact. Day traders are highly succepitble to various gambler's fallacies, chiefly it is very very easy to book small wins, so people get addicted to the idea that they have a special knack for it. But the losses always end up massive vs. small and easy wins. Lastly, even if you are the 5% who do better than buy and hold, you get anally raped by the IRS (especially after Biden just expanded them by 80k workers) so in the end basically no day traders win. Plus if you are smart enough to actually be good at it you should have no problem gettiing a job at some hedgefund, then you can safely day trade other people's money for a consistent salary.

Other points: There are people in the market (illegally) using insider information. If it's not you, you are going to really underperform day trading.

Time you spend day trading is almost universally better spent just working a normal job and increasing your income so you have more money flowing in to keep investing and take sweet advantage of compound growth.

The best day trader with 100k stands literally no chance vs. any random dude who makes 50k a year and invests most of it in a passive fund

[Anonymous No.51066541]

>>51066281
https://tradeveda.com/can-day-traders-beat-the-market/

Literally first google result of thousands for "Do Day traders beat the market?"

Also your tax bill is going to be insane man. IRS takes 40% on all your short term gains so it's really hard to compound any of your wins. That's why having roth IRA is pretty much only way to compound wealth from nothing because you don't pay any taxes on stock gains for 30+ years

[Anonymous No.51066576]

I made 4k day tradcan't1 week ago and lost 2k today. You either can or cant do it.

[Anonymous No.51066601]

>>51064447
In day trading your against a million computer algos and gigantic funds that are all working to take money from the average joe. Sometimes you get lucky on their tailwinds, but overall the market doesn't even realistically reflect most financial realities. It's all one big scam. You're more likely to lose that $100 a day.

Only decent way to invest now for passive income is to go into huge cap, blue chip dividend stocks.

[Anonymous No.51066615]

>>51066541
>random google link
>tradeveda kek ?
conveniently ignoring the fact that financial institutions would love it if you believe your only option is to buy and hold and stay out of the trading market
>irs takes 40%
No it fucking doesn’t, short term cap gains is just taxed at whatever tax bracket you’re in income wise. Yes, its a heavy tax compared to buy and hold. But it’s not 40% guaranteed. Go spew your misinformed bullshit on WSB

[Anonymous No.51066628]

>everyone is advising against it
>do the opposite of what biz says to do
Thanks for making me look into it more

[Anonymous No.51066634]

You're suppose to scalp day trades and add the profit to your long positions. I've been doing it since the June bottom

[Anonymous No.51066663]

>>51066482
>The best day trader with 100k stands literally no chance vs. any random dude who makes 50k a year and invests most of it in a passive fund
>Yeah bro just wait until you’re 60 with one foot in the grave to make it
>All to avoid paying some taxes
Good god the majority of people are retarded on this board

[Anonymous No.51066682]

>>51064447
I started trading ETH on the 5-15m charts and made a couple hundred dollars with random dust made of 500$ the past few days. Is this viable long term or is this just beginners luck while it crabs

[Anonymous No.51066710]

>open CMC
>sort by biggest losers
>buy whatever's the most in the red
>you have now bought low
it's that easy

[Anonymous No.51066726]

I've tried making a few bucks on the markets. No success. I have made 5k this year betting sports. I recommend it if it's legal. Look in to plus expected value betting. It's more like coupon clipping rather than gambling but it works.

[Anonymous No.51066820]

>>51066482
Thank god we have brain dead retards like you in this world. Is easier for others to rape you financially.

[Anonymous No.51066827]

>>51066682
Crypto is harder to trade successfully imo just because it’s much more volatile and unpredictable compared to the general market, as rigged as it is.

[rajpur_shinravasta !!LCcVKyJ676t No.51066928]

you can do it if you really want to. my friend is an admitted 90iq retard and he makes about a hundred bucks a day on average trading some boomer sp500 futures or smth using some giga retard strategy. he literally buys when it is green and sells when it goes red lmao .

do you wanna know how he is succesful? risk management. you wont get it until you understand it. he trades his daily profit, once he reaches his goal or a red brick prints he is out. he doesnt long after catching big runs. uses trailing stops and moves stop to break even after a couple green bricks.

[Anonymous No.51066933]

>>51066663
You are both right.

Day trading is a dumb meme because retail has no edge. Selling options is where the real edge is. Especially naked puts in dividend paying stocks

And, as Warren Buffet said, waiting till you are old to get rich is like waiting to get old before having sex

[rajpur_shinravasta !!LCcVKyJ676t No.51066945]

>>51066634
i do this but with hedge mode. ill be long but ill also short the same asset on pullbacks and then add the profit to my long position.

[Anonymous No.51066969]

>>51064490
what are the big three? in order please

[Anonymous No.51067117]

>>51066281

>holding options for only 2 hours.

NGMI.

[Anonymous No.51067143]

>>51066615

The guy needs to look up tax laws, if you have 40k or less taxable income they take 0 from capital gains.

[Anonymous No.51067276]

>>51066281
>Everyone says this doomer bullshit but never provides any sources
t. stupid gambler addict

[Anonymous No.51067294]

>>51066316
>the inventor of swing trading
kys oliver

[Anonymous No.51067318]

>>51064528
dood

[Anonymous No.51067326]

Trading is like Nen powers from Hunter x Hunter
There are so many different disciplines, techniques, and styles that you have to explore it, train yourself, and master your own style until you succeed

[Anonymous No.51067364]

>>51066615
>conveniently ignoring the fact that financial institutions would love it if you believe your only option is to buy and hold and stay out of the trading market
it's the opposite you stupid fucking moron. it's a huge industry that relies on retards like you to make a living. the more they can convince retail morons to trade, the more money they make

[Anonymous No.51067366]

Imagine not day-trading because you would prefer to wait until you’re 60+ years old to get a tax free cash out of your DCAing

Lmao, you people are truly brain dead NPCs, but I guess you drones are required to keep the system running.


Meanwhile the high IQs with souls such as myself, will day trade and become wealthy at a young age.


Still boggles my mind that someone can be so averse to taxes that they’d rather wait until they’re a dying old man before pressing the sell button

[Anonymous No.51067382]

>>51067364
Nope. Hodler NPCs are what keep the pyramid stable. You NPC fuck. Swingies like me are literally siphoning wealth from the hodler everyday.

[Anonymous No.51067390]

>>51066682
just random luck like you would with any heads or tail game

[Anonymous No.51067416]

>>51067366
>will day trade and become wealthy at a young age.
except you wont, retard

[Anonymous No.51067445]

>>51064447
You will lose all your money unless you are already playing with 8 figure's. Unless you have the cash to take a short on lower liquidity altcoins and then go actually manipulate the price you will absolutely lose money.

Unless you are capable of
-Open Massive Short Position on Shitcoin
-Borrow shitcoin against USDT
-Dump shitcoin on open market
-Close Short
-Pay back loan

You won't make any money, and you'll need a good enough machine + pay for a service to get the best possible data as quickly as the whales who could be trying to eat you. You'd need to have all major wallets monitored on chain, up to the minute futures data of every major exchange, and multiple coins up on low latency pricing charts.

Then you'd still need to know what your doing.

All of the "you need to make rules and stay disciplined" talk is absolute cope to keep you playing a game you don't have the resources to win.

[Anonymous No.51067490]

>>51067445
-
Also, if you went and bought the equipment you need. As soon as you start bringing massive $$$ on chain, and putting your data in all the market making algorithms exchanges use, you're going to immediately set off red flags to all the real players who want your money and nothing else. So you'd have to avoid messing that up.

Alternatively. Just DCA into shit and put single digit % points into random Defi garbage and learn how to sell options and credit spreads against stock.

[Anonymous No.51067513]

>>51066726
You’re reporting your earnings on your tax return, right Anon?

[Anonymous No.51067523]

>>51067490
You're fucking stupid, Go on youtube and search crypto trading live with under 10000 subs

[Anonymous No.51067551]

[Anonymous No.51067553]

>>51067523
>Go on youtube and search crypto trading
lol, lmao even

[Anonymous No.51067560]

>>51064447
just time the market better lol

[Anonymous No.51067583]

>>51067553
Also, You need to stop gaslighting, if you think the Live trading video are all fake, Go on /r/daytrading they report their trading journal every 3rd post

[Anonymous No.51067596]

>>51067583
>Go on /r/daytrading

[Anonymous No.51067658]

>>51064447
Mastery of anything takes years, and you're choosing a discipline with randomness ingrained in its game. You're just gonna have to keep suffering for a while. Every loss will be your lesson; it'll be up to you what the price for each will be. Don't give up, anon.

[Anonymous No.51067727]

>>51067658
>Mastery of anything takes years,
it's like pro sport. training hard is not even enough to make it to the pro league. yet all the brainlets think they can make it if they study trading long enough.

[Anonymous No.51067800]

>>51067276
>explains basic system above
>you’re actually a gambling addict
I actually hate gambling. Genuinely. You can hate and cope all you want but at the end of the day there’s no guarantee you YOU MUST HODL retards make it in 40 years either. You’re literally gambling too just with less risk. Every stock you buy and hold is gambling. Even large cap stocks can drop -90% over 10 years. There’s no guarantee we don’t enter depression #10 and you lose everything in 15 years and there’s no guarantee the line only goes up when you finally want to pull out. Meanwhile I scalp earnings every day in literally 20 minutes off random option plays that you have to sit around and wait months to years for.
>>51067364
You are fucking retarded. See >>51067366 and >>51067382

[Anonymous No.51067824]

>>51066928
This is a solid point. The key to success with any trading is defining your risk, and then ruthlessly defending it. If you can't define your risk, you can't defend it, so you will lose it to someone who can.

[Anonymous No.51067857]

>>51067364
The financial institutions want you to give them your money so they can trade it, and give you 3% of the profits on a good year. What they do isn't that hard, you could probably do it too if you spent all day at it.

[Anonymous No.51067890]

>>51067523
>"Go watch youtubers"

[Anonymous No.51067911]

>>51067857
9/10 of actively managed funds dont beat the market. not day trading doesnt mean you have to give your money to those fucks.

[Anonymous No.51067950]

>>51067366
>Meanwhile the high IQs with souls such as myself
Kek.

[Anonymous No.51067965]

>>51067911
>completely ignores multiple anons pointing out he’s basically giving his money to companies that may or may not exist when he goes to pull out all based on the line only goes up premise
Just stop dude. Take your L and fuck off

[Anonymous No.51068048]

>>51064447
'ate crypto
'ate DCA into stock indexes
'ate LEAPS
'ate growth investing

lov' me options spreads
lov' 0 DTE
lov' sellin 30 deltas
lov' ITM put spreads on stocks going into ex dividend

simple as.

[Anonymous No.51068113]

>>51065863
>survivorship bias, don't beat the market

The commonly quoted stat that 90% of traders fail is heavily skewer by traders with < 2 years experience, since traders who persist after losing money for that long are quite rare. However, if you look at traders with multiple years of experience the prognosis is much better.

In response the the survivorship bias claim, you have to understand that trading isn't pass/fail. When you lose, you still have the opportunity to learn from your mistakes, adapt your strategy, and try again. So in a sense yes, there are survivors and there are people who fail, but the factors that contribute to your survival are within your own control. As opposed to say trying to be a movie star, where you're either handsome and charismatic or you're not. Essentially, taking the advice or knowledge of a successful trader will help you be a successful trader, whereas taking Ryan Goslings advice will not help your ugly ass become a movie star.

[Anonymous No.51068124]

>>51066969
BTC, ETH, LINK

[Anonymous No.51068305]

>>51067911
these people still get their salary and bonuses while hodlers get nothing until they are old asses.
its just as risky to sit around and wait passively considering time and opportunity lost having your money tied up for years.
you either have a mind set of becoming better at what you do (trading just as any other thing in the world) or you just sit and complain that its hard.

[Anonymous No.51068317]

i would like to know how many hodlers out of 10 actually get anything out of it considering all the shitcoins which never recover

[Anonymous No.51068396]

Also remember kids; you don't have to be first, or the smartest, or cheat. You don't have to be able to outtrade the algos or the tech consortium to make a living. You just have to go find where all the dumb motherfuckers are trading, and trade against them

[Anonymous No.51068415]

>>51065805
>>51066378
Topstep so you feel the loss if you blow the account, but also working towards something. Probably the cheapest education you can get.

[Anonymous No.51068475]

>>51064447
Kek I'm on year 4 of making it work. There's a secret to the entire thing...you gotta learn patience.

Except, patience is a virtue and you can't just learn it off a few fuck ups. You need to become something greater than your average human to make it work. You need discipline to not fuck up, and you need patience to pick your spots. I fell for the meme 4 years ago and thought I could learn just like everyone else. There's nothing really to learn. The reason people fail is because they're inpatient. Simple as. Once I conquer that, I'll be a million I'm sure, but again, you can't learn patience.

[Anonymous No.51068507]

>>51066482
This applies to 99% of people...yes.

There are those out there who operate and behave at an almost autistic level, where they DON'T succumb to those fallacies. There are people who literally print money off that shit and I've deduced that it's all from patience. Anyone who is patient will make money. Adhering to a strict set of rules and discipline is another. You gotta be perfect or you'll be snipped at in fees, taxes, losses, fuck ups...all kinds of shit. But there are those who can do it, anon. The popular trope in Forex is that those who know don't tell, and those who don't know are the ones talking about getting rich. You gotta find your own way in this.

[Anonymous No.51068519]

>>51066316
Oliver Velez is as old school as they come and a bitcoin maxi too. Highly recommended. Been trading since the 80s

[Anonymous No.51068534]

>>51068396
Or just trade with the algos. Which is the easiest option. Ride the waves and get out on price action shifts.

[Anonymous No.51068602]

>>51066281
>Also you need to completely delete the WSB diamond hands shit you even see on this board from your mind. If your position goes -10% cut that shit and accept you made a bad play.
Buy high sell low, easy peasy.peasant.
You retards give the worst advice.

[Anonymous No.51068639]

Time in the market beats timing the market

[Anonymous No.51068655]

>>51068602
if you bought it "low", its not supposed to drop 10% afterwards unless you trade higher timeframes but even then, you may have bought in the middle of a downtrend

[Anonymous No.51068725]

>>51064447
Trading is incredibly difficult to become good at
It's like 10-20% technical analysis + trading, and like 80-90% psychology and controlling your emotions
https://pastebin.com/Yekh32qc
If you want help I'm happy to lend assistance but I mostly trade stocks.
Don't come into trading thinking you'll be consistently profitable right off the bat.
Don't try to set arbitrary $ goals cause it'll only lead to forcing bad trades. If the trades there you take it, if it's not you sit on your hands.
Remember, over 90% of people fail at this, which means you have to learn to ignore the crowd. "Muhh technicals is astrology for men".

Have realistic time horizons for your success, 2 years minimum and that's if you're studying like 20+ hours a week on top of trading. Sitting at a desk and hitting "buy/sell" isn't going to teach you a fucking thing. It's the equivalent of Tom Brady throwing a football at a brick wall, you're doing reps of something without purpose or real development.
Bank roll management and discipline will get you everywhere. Don't try to maximize wins first, minimize losses first.
Learn a few set ups and really master those first. Tom Brady didn't become the worlds best quarterback by trying to develop himself as a Wide Receiver and a Safety, he focused on and mastered one thing.
(har har stupid football analogies)

[Anonymous No.51068732]

if you are a scalper its max -0.5% or -1% loss including fees if you have a higher win rate, same goes for profit, small profit or a tight trailing take profit.
either way, your win rate needs to be high.

for trading trends on the daily, you can get away with 10% downturn in a position but usually, more than 10% means trouble for the current trend.
also, if you only trade one thing this way, your portfolio volatility is usually too much to bear. if you are a poorfag, you can tolerate more but you still need clear rules for every occasion.

[Anonymous No.51068758]

>>51068725
And always look at stocks from a top down approach. Start on the Daily or Weekly and work your way down. Or better yet trade with multiple charts. I almost always have a 5min/60min/daily chart opened of the same stock when trading. Ever wonder why your 5 min bull flag starts to move up, and then randomly slam into an invisible brick wall? Typically a lack of volume or a daily resistance level

[Anonymous No.51068856]

>>51068725
thats the thing. noobs think they can start trading in a week. no one seems thinks they can become a doctor or even a car mechanic in 1 week.

[Anonymous No.51068885]

>>51068725
>>51068758
And I can't stress enough the importance of logging your trades. This is a template I made that I use for logging trades.
>>51068856
Yup. For a career that offers unprecedented freedom and a chance at making more $ than just about any other career path, alot of people don't really take this very seriously. I'll admit I was pretty delusional when I started trading, with very unrealistic expectations and I was very undisciplined at times.

[Anonymous No.51068909]

Buy when market go up. Sell when market go down. If the trend line has broken...wait.

[Anonymous No.51068950]

Theres no easy way to make it, retards

[Anonymous No.51068966]

>>51068602
Post recent gains or fuck off
>>51068725
>>51068758
>>51068885
Quality advice anon.
>>51068856
Also this. Expect to pay the market tax to really start to understand how to not fuck up and what plays are good/bad.

[Anonymous No.51068972]

>>51068885
same, in the end, its lessons learned.
what helped me to the next level was putting down rules, strategies, backtesting, quantifying everything I could. first it was for probabilities of setups working, etc, and later for risk management and programming.

if you dont love doing this in a disciplined manner, its not going to work out. its like any business. all this takes time to realize and I learn new things every week.

[Anonymous No.51069026]

Yeah... daytrading is a fucking scam to get retards like you to spend their money while the people fucking with the market make the sick returns

Are you really that stupid or just dumb

[Anonymous No.51069069]

When the market is sideways use 4 hour ichimoku
Otherwise you're on your own
I'm trying out the 3m, 5m KAMA with EMA these days

[Anonymous No.51069175]

>>51068725
>>51068758
>>51068885
Where is your blog so I can sub to it

[Anonymous No.51069824]

>>51066827
You have a point anon. You could just go for passive income and save yourself the stress. A good start would be LP mining. Both Osmosis and Ore Protocol are giving off decent yields.

[Anonymous No.51069841]

its all about %, if you have 1k and aim for 100-200$ a day youll get rekt, if you want to make that off 100k, its easy with virtually no risk

[Anonymous No.51069882]

>>51069841
Oh shit, it's that easy with zero risk? All these idiots out here holding stocks for weeks, months an years when they could just take out a loan and then make multiple six figure income a year easily with virtually no risk

[Anonymous No.51069897]

>>51064447
>Buy low
>Sell high
>"I can't get it to work!"
It's pretty simple.

[Anonymous No.51070021]

there is no point trying to day trade if you cant follow the trends on the weekly chart.
thats where noobs should start. I would have saved time and money if someone told me that when I began.

[Anonymous No.51070319]

>>51064447
What was your starting amount? Way too low to expect $100 a day returns, i'd wager.

[Anonymous No.51071734]

>>51064490
This is an undiluted truth. DCA minimum of $500 into ETH, SHIB and SCRT monthly and you will have yourself to thank for the next five years.

[Anonymous No.51072096]

>>51066682
Just hodl bruv, you gotta do just fine and don't just hodl, put them to work and I mean everyone of them especially then the PoS migration is successful, stake them all up and on other platforms be it Sylo, Binance, MEXC, Kucoin, BlockFi, all of them. Good APRs are fundamental you know.

[Anonymous No.51072111]

>>51069897
Watch charts and study the charts, works for me like magic, noobs not willing to put in the work, SAD TRUTH.

[Anonymous No.51072125]

>>51069841
Long term hodls you mean.

[Anonymous No.51072147]

>>51070021
The trends is simple, buy low sell high, swing trade if you must but based on solid TAs. Flip gems as much as you want, but don't snooze on the ones with working products and great patents herein like Evmos, Sylo and UMEE as likely stated

[Anonymous No.51072390]

>>51066933
Thanks for putting the image of Warren Buffet having sex into my brain.

[Anonymous No.51072464]

>>51064490
>Get a god damn job
no

[Anonymous No.51072485]

>>51066969
Tittys
Pussy
Ass
In that order

[Anonymous No.51072675]

>>51064447
Impossible.
If you depend on trading as a wage you will never make it. Minimum account size to have a shot at trading for a living is 100k.
Then, to ensure you're not stressing about money and don't have to trade to afford your bills, you need a minimum of 100-200k for all of your expenses (rent, bills, food, general lifestyle).
If one day you ever find yourself in a position where you have to make x amount per day to live that day then you've lost.
The point of a trading account is to grow it and if you're continually withdrawing from it to pay for yourself then you're doing all that work for nothing. Daily grinding as a trader is not where it's at. Making a few big trades a year that get you cumming hard and put you +30/40/50% for the year is the shit you should be dreaming about.
Retard anons shilling ref links telling you "you need to be on that daily grind" are just telling you to give your money to exchanges. Day trading as retail will have you fleeced by AMMs and exchange fees. If you don't have size your fees can easily end up eating 50% of your profit, and then, even if you do eventually have size and lower fees then you pay out the back-end in slippage.

All of the successful people in crypto/trading either started with rich parents/financers/friends, got really lucky at the start and ended up with big accounts to trade, started an exchange/big project, shilled a network of reflinks, or bought before 2017.

[Anonymous No.51072737]

>>51072464
Kek y'all stubborn, well man not going to tell us what to do.

[Anonymous No.51075285]

>>51072147
can you hold a position for 9 weeks? thats my point.
its harder than you think and i am not sure you understand.
if you cant stick to a simple plan on the weekly chart, how are you supposed to trade the hourly?

[Anonymous No.51075410]

Leverage trading is a good way to lose all your capital slowly anon. Forget about it. DCA into BTC, ETH and bitDAO.

[Anonymous No.51075481]

ITT you will receive posts from only
>Le epic trolls
>Degenerate gamblers suffering from survivorship bias
>Degenerate gamblers who have gone bust and now speak purely out of hindsight
Trader is an anagram of retard for a reason.
Get a job.

[Anonymous No.51075741]

>>51064447
Get your eyes off it, easiest way to get rekt, focus on DCAing these tokens you trade on provided they got solid utilities, launched products or upcoming ones, speaking based on what I've seen on UMEE, RIDE and EVMOS.

[Anonymous No.51076060]

Quick question, is GMX a good starting point for a noob trader?

The interface is extremely simple, I don't need to go through any KYC anal buttscanning and I don't plan to make a lot of trades either so the fees aren't that much of an issue. Maybe a trade here and there every 2-3 weeks or so when my conviction is high enough because of XYZ reason.
So GMX good or bad?

[Anonymous No.51076077]

Any resources for learning day trading? Like anons itt mentioned following the trends, where do I learn how to follow the trends?

[Anonymous No.51076261]

>>51064505
Mine is to buy low if I get in early and hold for profits. I'm currently holding BTC, ETH, NEAR, ORE, MATIC, and JUNO for the long term.

[Anonymous No.51076293]

>>51064447
Trading is a zero sum game. Only those with the amount of capital needed to move markets win. It's the definition of moving money from retards to the rich.

[Anonymous No.51076351]

>>51076077
the only good resource is tradingview with the purchased option
use only youtube for ideas, but 97% of it is trash, just use it like a cumsock for what it's worth

[Anonymous No.51076981]

Acquire DOGE, DEO, LUNC and SOL now that they are all at a discount and sell after they inevitably rise.

Buy BNB when its 290/280 and sell after it inevitably rises to 300.
No daily gains that's retarded. Quick gains, though? Absolutely.

[Anonymous No.51077337]

>>51076981
what make you think LUNC will ever recover? it was proven that could be destrtoyed once so why it will not happen again?

[Anonymous No.51077556]

>>51075741
Investing in assets with solid utility is a rule of thumb chad. When it comes to use cases, Ore protocol has caught my attention for giving users access to multi chains with just a single ID.

[Anonymous No.51077607]

>>51076077
Tradersumo volume 1 is a perfect beginner course on youtube.

[Anonymous No.51077663]

Redpill me on the ichimoku cloud.

Does it actually work?

[Anonymous No.51077733]

>>51064447
Day trading is 90% mental. You're just not emotionally intelligent enough.
> t am up 55% this summer

[Anonymous No.51077979]

>>51067326
based autist

[Anonymous No.51078055]

>>51064447
just DCA into BTC ETH and MATIC and youre good.
youll loose all your money on trading if you dont stop.

[Anonymous No.51078229]

>>51068124
>>51066969
>LINK
KEK
>pay me to fact check you

[Anonymous No.51078428]

>>51064447
>he is a farmer
>every day he cuts a small slice off the top of his crop
>he starves
>he is a farmer
>he lets his crop flourish before harvesting
>he thrives
I could give you an entire industry breakdown if you prefer
>>51067366
You don't need to wait decades. It's just about letting market movements develop. Daily volatility is just not that much. Don't take my word for it, track your own metrics

[Anonymous No.51078508]

>>51077663
I knew a few guys who swore by ichimoku, can't say it really was any better than other tech strategies, they often got eaten by fundamental changes eventually. But different markets. As far as its usefulness on the daily nothing is all that useful here, the day trade itself is a pointless exercise. My opinion

[Anonymous No.51078690]

>>51078428
go ahaed

[Anonymous No.51078827]

Trading while pulling out a regular paycheck is incredibly fucking hard. There's a lot going on in terms of psychology / knowing oneself, and then there's the fact that you're trying to beat a rigged game. I'm in it for 5 years now and I still have existential crises sometimes where I question if I know any fucking thing at all about this shit

[Anonymous No.51079115]

>>51078690
Brokerage houses make money by taking the other side of your trades. When you buy or sell assets you're not connected directly to the exchange but are instead taking orders off the broker's book who quotes you a price from the exchange. That's what makes them a broker. Thus arises mismatched incentives. When you go long you presumably want to make money. But when you go long your broker is effectively short your position. They also want to make money and so are hoping you lose.
They will encourage you to trade in high volumes, to use leverage and take margin, offer tools and studies that are probably inappropriate for you (and will call them "pro"). They will hire introducing brokers to draw you into their platforms who will persuade you on using all of the above. Those guys on youtube who try to teach trading work for the brokers whose platforms they feature. I'm sure there are some independent people but the big names for the most part are in the business. Crypto exchanges do the same thing but the way they get paid is different. Why do I tell you this. Professional investors are not day trading. Hedging happens on the daily and is not a profit driving activity. HFT happens too but that's not what you're doing.
The short time horizon in active management is 3-6 months. 6-12 on the longer side and >12 getting into the core of the portfolio around which short term ideas are expressed. Why trade in these time horizons. 1. Because there is isn't enough volatility to make shorter time horizons worthwhile. 2. Because you can't build and unwind large positions in time without telegraphing your trade or deteriorating your prices. 3. There is little proactivity in short time horizons. That means guessing what will happen in the future versus responding to what has already happened. Generally a good trade is proactive not reactive.

[Anonymous No.51079229]

Also.
>but what if I'm trading the news
You are providing liquidity to those who, some months ago, forecast the news and positioned accordingly (your job). They use the volume around newsbreaks to unwind their positions.
Can you make money on the daily. Yes. Is it more than you'd make with a longer strategy. Usually not. When you sell something because it got boring I probably bought it from you. When you buy it because a catalyst hit I probably sold it to you. Don't do that. This game rewards a little patience.

[Anonymous No.51079333]

>>51079115
This is all true at scale but time and time again it has been proven that small accounts can beat the market consistently, and handily at that.

The issue is that once you get into high six/seven figs you have to trade where there is liquidity and volume. Where there's liquidity and volume there's more noise, and more competition.

The house always wins, but you're not playing against the house; you're playing against the other players. And small accounts can sit at the tables with the shittiest players.

[Anonymous No.51079532]

>>51079333
Small accounts can definitely beat the market. I am merely saying not to play in the noise. I doubt there are many people doing well (& I do mean on a risk adjusted basis) just day trading as not much even happens day to day from which to capture gains. Traders will usually figure this out on their own as they track their performance

[Anonymous No.51080057]

>>51068124
Lol, you know the truth is BTC,ETH and BNB or MATIC though I prefer a diversified portfolio with midcap and lowcaps like BAT, ZIL and ORE.

[Anonymous No.51080365]

Are charts a complete meme in crypto? Should I just be looking at the order book?

[Anonymous No.51080379]

>>51068639
Apt, invest in projects with relatable usecase and a working product in any of these niches web3 or identity management.

[Anonymous No.51080463]

>>51069824
Well that's another way to earn extra income, I also participate in the ORE-ETH pool and the Apy is based.

[Anonymous No.51080508]

>>51069897
Not as simple as you think, invest in lowcap at IDO might be the best way.

[Anonymous No.51080580]

>>51071734
You lost me at SHIB, a privacy alt like SCRT is based though I picked RAIL as my privacy investment. MATIC and DOT are good buys too.

[Anonymous No.51081045]

>>51080379
Project focused on Web3 and identity management are based just as projects focused on Asset management, NFT support and crosschain interoperability.

[Anonymous No.51081109]

>>51080463
I once participated in the Ore pool via the ALBT LMaas sometimes back and it was quite smooth.

[Anonymous No.51081998]

Syscon's mass node network utilizes chain logs which fully protects against the threat of 51% attacks. Perhaps these days the main criticism being levied against proof of work security is the energy and efficiency.

[Anonymous No.51082087]

>>51067445
how the fuck do you short low liquidity shitcoins? id be much richer if i knew a place to do that

[Anonymous No.51082141]

>>51067596
> ill just refresh this childrens cartoon forum all day every day, its the ONLY legit source of information
loser. if youre not getting information from every source available, including retarded normie ones, then you suck and are doing yourself a disservice

its really cool that you prefer this really popular gay website over some other equally gay popular websitr though, you should build your identity around that!

[Anonymous No.51082432]

>>51064447
>Daytrading is harder than I thought
Indeed it is. It's even harder with the complexity of different identities, thanks to the total number of blockchains in the space.

[Anonymous No.51082450]

>>51066726
Sport bettings is fucking overrated. You lose twice than you actually win

[Anonymous No.51082468]

>>51066827
Besides, the volatility, there is the issue with handling several keys across multiple chains. The rate at which people fall into scams is a testament to that

[Anonymous No.51082473]

>>51076077
I guess starting out at the day trading subreddit and checking out youtube channels like Quallamagie would probably be the easiest.
You just have to look at others looking at trends to figure it out, I'd recommend checking out DaddyDersch on wallstreetbets or the daytrading subreddit, can be really helpful for learning. Otherwise getting into stuff like price volume and other volume indicators like VWAP, On Balance Volume, RSI, in addition to indicators such as EMAs and stuff like that is helpful.
Having a cash account without PDT rules and using options are probably your easiest way to start, remember to start small since you'll probably lose all your money in the beginning.

[Anonymous No.51082512]

>>51067824
Risk management is fucking underrated. Users need to understanding that being in full control of their assets, identities and rights on various on-chain applications should not be an option. Big ups to ORE network and account protocols that are making usability and control easy.

[Anonymous No.51083305]

>>51080580
Privacy alts are the future anon. I'm holding a few like BEAM, AZTEC, RAIL, and SCRT for the long term.

[Anonymous No.51083352]

>>51082432
>Well, problem solved.
Cross-chain identity protocols that allows users to manage several keys through a single and secure account.

[Anonymous No.51083377]

>>51076060
Please someone answer

[Anonymous No.51084277]

>>51083377
I’d just use a proper broker like interactive brokers or tastyworks or think or swim.

[Anonymous No.51084642]

>>51083305
>AZTEC
there is no aztec coin my dude

[Anonymous No.51084704]

>>51083377
gmx is good but doesnt have a lot of coin. kucoin is a cex that doesn't do kyc, but it's centralized

[Anonymous No.51084802]

>>51080508
Invest in low-cap alts, but make sure to do your research first. I got FWT, HPS, BHC, and CHESS. Everything is being researched and confident about the next bullrun.

[Anonymous No.51085136]

>>51084704
Hated centralised
>>51084802
You're so optimistic kek

[Anonymous No.51085166]

>>51064447
Easier to make that money every day delivering food anon. Go with a consistent generator of money (a job)

[Anonymous No.51085370]

>>51085166
jobs have higher sharpe ratios

[Anonymous No.51085412]

>>51080365
no

[Anonymous No.51085464]

>Bitcoin price in 2017: 20k
>Bitcoin price in 2020: 20k
>Bitcoin price in 2022: 20k

Not exactly hard for traders to beat holders in this market when the price literally bounces around the same area for years.

[Anonymous No.51085884]

>>51072111
Checked and I love charts Anon.

[Anonymous No.51086055]

>>51085136
You should be upbeat about your holdings because they represent our future investment. Don't act like a rookie. You're not just playing with your alts.

[Anonymous No.51086150]

>>51085464
Fuck jeet. You kill yourself.

[Anonymous No.51087973]

>>51064447
Fucking noob falling for the trading trap. You could've been better off staking your assets on a reputable asset management protocol. Your money would've been up by now.

[Anonymous No.51087977]

>>51064447
Anon, stop complaining and start staking. Recently, shrewd investors have been acting in this manner. Where the hell are you from?

[Anonymous No.51087989]

>>51087977
Had my ETH staked on freeway, yielded me a fuckton of ETH, but now I have a lot of eth but with less value than I started off from. These whales manipulate the fuck outta this market

[Anonymous No.51088007]

>>51087973
I believe asset management has an excellent plan in place based on how enthusiastic people have been lately. Freeway, for instance, I believe is on the right track with their supercharger and staking rewards.

[Anonymous No.51088030]

>>51087989
With the anticipated merger, I believe ETH may do better than we anticipate. Is it a good idea to start staking on it now?

[Anonymous No.51088051]

literally impossible not to make money trading (week not day) but you need serious capital to be able to do it for a living. cost of entry is at least 100k
>>51082087
kucoin has stacks

[Anonymous No.51088081]

>>51087973
Why does everything on this board devolve into crypto?

[Anonymous No.51088133]

>>51064447
Keep compounding interest, eg start with 1k and trade to 5%. By the time you are on 170 trades you will be a millionaire.

[Anonymous No.51088335]

>>51088007
Don't need all that plenty of talk. Am I making profit? Is the market up? We've had a bear run since last year. Fuck!

[Anonymous No.51088371]

>>51088030
Let's see if it gets to 3k before eoy. Can't believe I'd be saying this after seeing ETH at 4500

[Anonymous No.51088689]

>>51088081
I think the topic was crypto based. OP talked about why trading is so tough. And anon replies that staking might be better. But thinking of the fact that BTC has basically been at 20k in 2020 and 2022. Aren't the traders winning?

[Anonymous No.51088700]

>>51087973
> reputable asset management protocol

name one

[Anonymous No.51088810]

>>51088335
Continue to wait for the market to improve while other users profit from supercharger

[Anonymous No.51088842]

>>51088371
I'm anticipating 10k. Buy ETH now or endure poverty after the merger