/biz/ - Business & Finance

[Anonymous No.52809770]

Good morning sirs, My friend makes like $10k a month by just trading daily with low sums but using like 50x,60x leverage. I thought leveraged trading was a meme? It seems that it's only bad if you are a retard who puts all his investment on a 100x leverage and prays it goes his way. If you just trade a small amount everytime and later withdraw like 3/4 of what you made rinse and repeat seems like a nice little side hustle

[Anonymous No.52810173]

>>52809770
if you lie about your profits, every business can seem successful

[Anonymous No.52810191]

>a litre of tomato sauce with chunks of actual tomato
>a tablespoon of shredded cheese
that would be my face too if i saw that. just utter shock and disbelief

[Anonymous No.52810273]

>>52810173
why would he lie about $10k lmao

[Anonymous No.52810281]

>>52810191
absolutely horrid

[Anonymous No.52810291]

>>52810273
Did he show you proof

[Anonymous No.52810477]

>>52810291
yes his binance acc

[Anonymous No.52810493]

>>52809770
>It seems that it's only bad if you are a retard
that's the problem: we're all retards.

[Anonymous No.52810691]

>>52809770
Leverage trading is not a meme. Leverage trading is a meme is not a meme. However, leverage trading is a meme is a meme, is not a meme. Neither is leverage trading is a meme is a meme, not being a meme, a meme. Nor the fact that it is not a meme - leverage trading, being a meme is a meme not being a meme -- a meme. I hope that clarifies things.

Posted from my singsong galaxy 5

[Anonymous No.52810826]

>>52809770
Trading is a meme if you're an average guy.
You are competing against companies and banks.
Making consistent income from trading is only possible if you're autistic and have 140+ iq

[Anonymous No.52810856]

>>52809770
>trading
>with leverage
>in crypto

AHAHAHAHA

[Anonymous No.52810875]

>>52810477
Did he show you a screenshot of his account or did you actually see him log in and you verified the trades yourself. 95% chance he's larping

[Anonymous No.52810910]

>>52809770
trading high leverage is a successful strategy if you have strict rules for entering positions
otherwise its just gambling. especially on exchanges like bitmex where stop/liquidation hunts happen all the time

[Anonymous No.52810950]

>>52809770
>My friend makes like $10k a month by just trading daily

Sure he does, just like your other friend regularly wins several hundred dollars at the indian casino.

[Anonymous No.52810957]

i've turned $800 to $8900 leverage trading so far, but I only take low risk moves with 2x leverage so it's going to take a while to reach my goals. Was doing it as a meme account anyway. So yeah if you do it right it works.

[Anonymous No.52811018]

>>52810957
Nice. How long has it taken so far?

[Anonymous No.52811046]

>>52811018
2 months........

[Anonymous No.52811178]

>>52811046
That's damn good
Do you use stops

[Anonymous No.52811193]

>>52809770
leverage doesn't matter, risk/reward does. if you have a good strategy (Win rate above 40%) and your risk reward ratio is 2:1 or higher, you'll make money
trading 100k with 1x leverage has the same risk/reward as trading 10k with 10x leverage, its all about psychology

[Anonymous No.52811194]

>>52810191
ITT: Amerifats.

[Anonymous No.52811205]

>>52811193
It's not just that simple or we would all be rich by now

[Anonymous No.52811253]

>>52811205
it is, but it also really isn't. trading itself is incredibly simple, it's just that people are emotional monkeys and it takes years to get rid of bad habits and realizing you don't need a million indicators, you just need to get your shit together and stay disciplined (don't be stubborn, obey stops, slow down, etc)
it's simple, but still hard. took me 5 years on and off

[Anonymous No.52811286]

>>52811253
Broski your trades last 15 seconds?!?

[Anonymous No.52811305]

>>52809770
trading on leverage is like sports betting,
you take your money for one bet (one out of many so, bet accordingly, like 1% of capital)
multiply with leverage and hope that you did your homework and set your stops.
win? great! next trade!
loss? ok, whatever, I still have 99% of capital left. next trade!
it takes discipline and devotion to the craft.

[Anonymous No.52811320]

>>52811286
im too lazy to log the proper timing, they usually last anything between 4hs and 2 days

[Anonymous No.52811381]

>>52809770
You have to be really good (like 70%+ success rate on trades) and godlike risk management but even with that 50-60x still feels too high

[Anonymous No.52811433]

>>52811381
the thing is, you really have to be patient to execute your trades for the best price possible.
thats when you can employ higher leverage because you are already close to the edge before it snaps back.
yes, you have to be good.
I am in the middle of doing some nice progress, I code a strategy that I execute manually,
I dont have the balls to automate it because the strategy is not good for more than a week or two,
I have to adjust timeframe after a while, basically optimize it,
Volatility changes and what was a good range a week ago, might not be anymore.
also, if the markets are very stagnant crabbing sort with low volatility, 100xMargin is very doable.
liquidation of the position basically becomes a stop loss.

Learning to live with that and honing my discretionary skills is the best thing ever since I stopped looking for the perfect system to automate.

[Anonymous No.52811550]

assuming you have a method of trading which is profitable and you have a strategy which does not require a lot of room for swings during trades,
leverage makes you save money because you only need a fraction to make up the required margin.
no-leverage guys bet their whole stack and try to contain it with stop losses instead.
advantage of leverage is that your loss is really a fixed variable.
it is directly related to your bet size.

meanwhile, if you bet your whole stack and you get stopped out, your trade can get executed less favorable than what you thought with your stop loss.
liquidity problems are often to blame for this.
leverage gives peace of mind knowing that the only thing you can lose is your margin.

[Anonymous No.52811551]

>>52809770
mmmmm....raw dough......
do americans really?

[Anonymous No.52811569]

>>52810273
to seem cool. if he makes 10k a month for 5 years then its impressive. most likely he will lose everything though and then stop talking about it.

[Anonymous No.52811588]

my point is, a guy who tries to scalp with his whole stack will lose or win as much as if he would use a fraction*leverage instead.
it really depends on what price he gets for his trades. depends on how good he is. but in the long term, he would probably lose a few pennies more if he did not use leverage since the risk is not fixed (only pseudo-fixed).

[Anonymous No.52811867]

>>52811569
>most likely he will lose everything though and then stop talking about it
You only lose everything if you are a greedy fuck and you
>invest
Everything that you earn again, but if invest only like 20% or 30% and the rest goes to your bank account nothing will happen

[Anonymous No.52811884]

>>52811193
>trading 100k with 1x leverage has the same risk/reward as trading 10k with 10x leverage, its all about psychology
absolutely retarded take

[Anonymous No.52811944]

>>52810273
Well you sure do seem to be impressed by it, faggot?

[Anonymous No.52811994]

>>52811867
>You only lose everything if you are a greedy fuck and you invest
>Everything that you earn again, but if invest only like 20% or 30% and the rest goes to your bank account nothing will happen
you, i mean "your friend" are going to be sucking dick for rent money in a back alley in 6 months tops.

[Anonymous No.52812026]

>>52809770
Works until it doesn't.
>>52811944
Call the cops, there's been a murder!

[Anonymous No.52812225]

dumbfucks who blame leverage just dont understand how to use it.

if you cant trade, you cant trade, youre just bad at it.

i repeat, you use leverage to reduce actual exposure but that is too much to ask from degens on 4chan to understand.
leverage is NOT about putting your whole stack and multiplying it by 50.
its about taking 1/50 of stack and multiplying that by 50.

leverage has been sold to the degen public as a tool to multiply returns which is just not feasible without fucking it up in 5 minutes.

[Anonymous No.52812293]

>>52812225
>its about taking 1/50 of stack and multiplying that by 50.
Literarlly what's the difference between doing this or buying with all your cash and using stop loss?

[Anonymous No.52812331]

>>52812293
see
>>52811550
also, you can scale in to your trade, if you limit your total exposure to say 3xCapital, you can buy 3 times as much as exposure for 6/50th of your actual capital using 50x leverage.

[Anonymous No.52812348]

>>52812293
you can also open another position in another instrument altogether if you feel like with a value equal to your stack using only a fraction of your dollars,
it just gives you more flexibility.

[Anonymous No.52812358]

>>52810957
Are you one of those constantly trading UTK on Binance?

[Anonymous No.52812359]

>>52810273
You made a thread about it because you think it’s so cool. Faggot

[Anonymous No.52812849]

>>52811569
Kek,
What made you think he would lose all he has earned? If good asset management is implemented, I don't think Anon will lose everything. He might be a gunk kek

[Anonymous No.52812988]

>>52812358
Pleb
What made you think it was UTK? There is no doubt about the underlying potential payment solution and metaverse has. I'm also doubling down on some

[Anonymous No.52813854]

>>52810957
Good luck anon, if it works for you
I stake 100% of my eth, Ride, Ape and a few other coins.
I trade only on doge and lunk and most of my day trading are successful.
I learned that the key is not to get greedy.
I dont try to double the amount in one trade which is where most traders lose it.
:(

[Anonymous No.52813895]

>>52810273

To feel good about himself. Nobody can trade his way into wealth long-term. It's pure gambling.

Buy and stake hex instead.

[Anonymous No.52814988]

>>52812988
I prefer coti to any other for now.

[Anonymous No.52815089]

>>52814988
Coti is cool, but I prefer Xpress because of its simplified and flexible one-stop solution. The likes of Fuse are also cool.

Individual preference and perception.