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/biz/ - Business & Finance

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7010634 No.7010634 [Reply] [Original]

>> No.7010668

If it was easy probably everyone would do it.

>> No.7010700

>>7010668
this

>> No.7010749

>>7010634
Easy. Split that 2% into multiple trades. Don’t wait for one 2% increase.

>>7010668
People like you scaring people into not day trading are why everybody doesn’t do it.

>> No.7010792
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7010792

>>7010634
Not that hard

>> No.7010821

>>7010792

thats not day trading, and if it is you're shit at it

>> No.7010824

>>7010634
its not that hard honestly

1. know the coin youre trading well
2. sell higher than what you bought at
3. dont get paper hands

>> No.7010847

2 percent a day is incredibly easy to do. pick a large cap like ETH and done. hell, tli cam automate this with a bot - buy -2 percent/sell +2 percent. this is a nightmare come tax time though for paltry gains.

>> No.7010854

>>7010821
But it is though. And I thought I was doing pretty well.

>> No.7010881

>>7010824
This. Don’t forget to look for horizontal trending coins. Buy when it dips below the trend lines, sell when it goes above. Do this multiple times a day for about 3-4 hours and you should hit 2% with no problem. I can hit 5-10% when I do it for 8 hours.

>> No.7010958

>>7010749
>what are commissions

>> No.7010971

>>7010847
the story about that guy owing 1000x his gains in taxes is exactly what a bot will do

or just dont pay taxes, yolo

>> No.7011016

>>7010634
When I first entered crypto I day traded. x5 my money in the first month. The next month I started doing medium term investments. Completely stagnant. Actually ended up losing money. So I started day trading again and boom, my portfolio started going up again. As long as you follow your rules super strictly, the reward far outweighs the risk. You’ll have bad days, but you can make up a bad day with one good day. And you’ll have a lot more good days than bad days.

>> No.7011035

>>7010971
well why would anyone day trad at all if that were the case? doesnt make sense

>> No.7011051

>>7010971
Screw the “every trade is taxable” meme. Just pay the tax on your cash out value.

>> No.7011112

>>7010854
you're doing fine, but you won't make these gains (ratio wise) from 1m to 4m. the more you're working with, the lower % your gains are

>> No.7011113

>>7011051
That's what I'm going to do. Don't like it, tax authorities?Take me to court over it.

>> No.7011176

>>7011035
you can deduct the trades you make losses on. in the end you pay after your final gains either way.

>> No.7011184

Fairly easy. Once you get a larger stack not so much.

>>7010668
You are aware that 98% of the population are idiots?

>> No.7011211
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7011211

>>7010634
it's pretty easy... buy all dips and you will average over 2%+ over time

>> No.7011266
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7011266

>>7011112
Yeah, I'm hoping by spreading out to more exchanges, I can stave off the inevitable as long as possible. If I can just make it to 500k in 2018 though I'll be happy. I had a really nice last couple of days though. Bought some massive dips.

>> No.7011368

>>7011266
Buying the dips is all you have to do. That’s why I get happy when BTC drops. It allows me to buy huge dips that I know for certain will go back up.