[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 82 KB, 634x636, 84621419-CFBF-4927-AC35-74544A1ED655.jpg [View same] [iqdb] [saucenao] [google]
8936317 No.8936317 [Reply] [Original]

What’s the most I can make with $300 a day? Day trading my balls off all day long every single day like it’s my life? My girl needs new lingerie help me out niggas pic related

>> No.8936385

>>8936317
Not helping because you called me a nigga

>> No.8936403

>>8936385
Stay mad

>> No.8936459

>>8936317
assuming you take no losses throughout the day you might be able to make between 3 and 6 percent a day

so like on a perfect day 10 bucks minus whatever fees your exchange has

>> No.8936644

>>8936459
Really that’s it? I figured I could do maybe $30 an hour? Impossible?

>> No.8936681

>>8936644
Lol @ 10% an hour...

>> No.8936685

>>8936644
I made twice that with less money, don't listen to these tards.

>> No.8936694

>>8936644
this nigga dumb as hell

>> No.8936703

>>8936644
If you could do that you would have every billionaire handing you their money

>> No.8936707

>>8936644
yes that is entirely impossible. chances are you will make less than $10 a day since day trading is mostly taking losses

>> No.8936713

>>8936644
In case you are not larping, you'd be the richest man in the world in 2.5 weeks with 150 billion, if you assume trading 10h day, 7 days a week and 10% per hour return.

>> No.8936730
File: 67 KB, 413x395, 1523618236342.jpg [View same] [iqdb] [saucenao] [google]
8936730

>>8936317
no wonder your'e a failure
you can't even make a good larp

>> No.8936732

>>8936317
>nigga
>buying your girl things

faggot

>>8936459
This. You need to look at it as percentages and not dollar value. 3-6% on a 10k position every day is excellent money.

>>8936685
This is a fool who is lucky. He would not maintain consistent gains over a long period of time.

>> No.8936756

Trade with your play money OP and then when you have a verified strategy and decent winning percentage, as well as discipline with exiting bad positions, put real money in and you can pull in better dough.

>> No.8936778

>>8936317
also if you want actual advice trade on the 2hr to 4hr charts if you insist on "day trading", using lesser charts only to supplement your trading decisions

you'll make a few trades a week with most being profitable. you can make 10 percent or more a week if you're good at it, and trust me those percentages eventually add up.

>> No.8936783

>>8936756
I just need to turn this $300 into 2k at any cost

>> No.8936791

>>8936681
What if I’m cyclitic trading though? Bouncing around from different coins

>> No.8936797

>>8936317
No fap board. Looks like an ugly ass fucking foreign tho so doesn't apply

>> No.8936810

>>8936783
How much time do you have? The only chance is bitmex and that's going to be a huge gamble.

>> No.8936824

>>8936810
All day everyday. I’ve got 50K USD I’m just testing out my strategy with $300 first

>> No.8936836

>>8936707
Sometimes I feel like these idiots don’t understand I’d be trading alts worth .07cent it’s totally possible to make $20-$30 an hour in the day trading alts

>> No.8936838

>>8936824
If you have 50k why are you trying to hard to turn 200 into 3k?

>> No.8936853

What is the equivalent option/trading method of "long 100x, stop loss at x amount" in Binance?

>> No.8936865

>>8936838
Cuz I don’t want to tap into my fucking savings lol why else

>> No.8936891

>>8936865
It seemed like you were in a rush
>at any cost

How experienced are you with trading? What's your current strategy?

>> No.8936921

>>8936891
Not in a rush but I wanna take my gf on a vacation, not pic related lol but still true. My only strat is to trade high volume coins with a low price like .7cent and do it all day long and try and make at least $50 a damn day. Buying atl and selling ATH or just at a decent profit

>> No.8936934

holy moot you are all so new it's laughable
>still trading
buy, wait, profit, repeat.

>> No.8936935

>>8936836
then do it.

>> No.8936954

>>8936836
with $300 that is assuming you can find sub 10 cents alts that
a.) even have enough volume to day trade with, most of those coins have less than a few thousand dollars running through them per day (so under your plan you'd be running into major issues within the first week)
b.) increase by 10 percent an hour

again your best option is to trade on the 2 - 4hr charts and just take 10% profits each week until it adds up.

>> No.8937010

>>8936921
It sounds like you have a lot of learning to do man. You come across really new. This isn't as easy anymore. If you came last year you probably could turn 300 into 2k in a relatively short time.

First of all, realize that the price of the coin doesn't matter. You keep fixating on that, but it's not necessary. Percentage is all that matters. Go peruse through the charts and find a coin that ranges. Fun is usually good for this. Buy low sell high.

>Buying atl and selling ATH or just at a decent profit

Okay I see this as one of two things. If you think you're going to buy every bottom and sell every top, get that out of your head right away. That is classic noob trader foolishness. Now if you're saying that you're setting buy orders on the daily low and trying to sell on the daily high, that's better. However I wouldn't suggest being so greedy as to sell at the daily high as there's no guarantee price returns to those levels. But yeah setting lowish hail mary buy orders and getting filled is a legit money making strat.

>> No.8937018

>>8936954
Maybe I’ll try that. I usually use the 5m chart when play trading I’ve just been doing it in my head for awhile and seeing how much I could make but I was doing at least $18 a trade profit which isn’t bad if I did that all day I don’t see why I couldn’t make $100 or $80 a day? Idk what I’m missin here my math adds up

>> No.8937020

>>8936756
This is the best advice you'll get

>> No.8937025

>>8937010
I get your point totally. But it does matter because if I’m buyin 7cent coins I’ll get more coins which = more profit doesn’t it? With less money the cheaper coin adds up

>> No.8937065

>>8937020
Agreed. I’m just gonna jump and if it works I’ll be back here talking shit to all of you plenty

>> No.8937067

>>8937018
One final thing. Keep a spreadsheet to track all of your trades so you know objectively what works and what doesn't. Track your statistics.

>>8937025
No lol. TRX is like 5cents and BNB is $13. BNB has had greater % swings the last few days. Go get the trading view free trial for better charting.

>> No.8937092

>>8937018
I think we all did this when we started, and yes the math may add up in your head but it almost never will actually add up in practice.

In reality you're most likely filtering out bad trades, which is extremely easy when you dont have any money in it. I know that's what my main issue was when I play traded. Listen to the other anon who said to put a little in and play around with it until you develop a strategy, that works extremely well.

>> No.8937110

>>8937092
Alright thanks I’ll put $300 and just see

>> No.8937126

>>8936317
play the low-cap alts with super thin books on cryptopia and hitbtc if you don't have much capital.

They have huuuuuge percentage swings.

>> No.8937127

>>8937067
If I have more coins and percentage swings are good I’ll make more obviously then if I put $300 in Eth or BTC though right?? Idk what I’m missing here

>> No.8937174

>>8937110
get in soon because it looks like we're about to enter an up trend.

but good luck anon I hope you make it

>> No.8937188

>>8936783
that'll cost you $300 my dude

>> No.8937196

keep track of 5-10 coins/tokens you think are undervalued based on fundamentals. only trade those.

keep close track of the ratios between these coins. when the one you're holding seriously outperforms another, swap your holdings into it. do this every single day or even multiple times a day.

if you monitor the ratios between coins/tokens closely enough you begin to detect patterns. use the charting function on tradingview and make your own charts of ratios between coins. binance only lets you see /BTC and /ETH pairings, but there's a secret - what if you traded LINK relative to REQ, or NEO relative to QTUM, or KNC relative to ZRX?

not every swap will be perfectly timed but you will eventually get there. it just takes time and focus. don't try to swing trade relative to BTC or ETH - swing trade relative to other alts that you would be glad to accumulate.

good luck.

>> No.8937242

>>8936317
95%+ of traders can't beat the market return. I'm 99,999% sure you're you're part of the 95%+. Day trading is something that takes YEARS to get good at. Go work at McDonalds instead.

>> No.8937272

>>8936317
I hate to tell you this, but your girl has a penor.

>> No.8937321

>>8937242
I don't think that really applies to a market that increases 1000% then crashes 90% multiple times a year.

>> No.8937437

>>8937321
That’s what I’m saying this market is so volitiale ifs literally the perfect day trading storm. I guess I’ll just have to see for myself because when I ask BIZ I get conflicted awnsers all the time

>> No.8937616

>>8937437
Exactly, you'd only have to make one well timed trade to beat the market by a huge margin.

People who can't trade like to cope by saying it's almost impossible.

It's very possible. Infact its easy as hell in crypto.

>> No.8937655

>>8936783
How about a job? tf. Do retail arbitrage on Amazon and ebay. Getting 1700 together is not very hard

>> No.8937711

>>8937616
That’s how I feel. It’s nkt easy but it’s not hard unless you’re a fucking retard imo idk I gotta see for myself I guess

>> No.8937720

>>8937655
I have a job dumbass the point is who wants to wage cuck forever I want out I want my own thing I wanna daytrade and make my own hours god you fucks on here irritate me sometimes you think I have $$$ Because I’m jobless?

>> No.8937751

>>8937616
the inverse is also entirely true, one poorly timed trade and your underperforming by a huge margin

day-trading only increases your trade volume thus increasing the probability of making a poorly time trade.

>> No.8937777

>>8936713
This Anons got a point science doesn't lie

>> No.8937793

>>8937751
I can’t wait to shit all over yours and BIZs logic

>> No.8937799
File: 106 KB, 532x664, 1523496206444.jpg [View same] [iqdb] [saucenao] [google]
8937799

>>8937720

>> No.8937839

>>8936921
Low price coins does not equate to mcap. Knowing not even something this basic and yiu want to trade. Well good luck because youll need it.

>> No.8937841

>>8937720
>"and make my own hours"
AKA waking up at 5 am because faggot whales make it a habit to pump your favorite shitcoin then

>> No.8937884

>>8937839
You’re an idiot. If I put $300 into a .07 coin I’ll get more coins you fucking retard so when I flip it’ll be more profit

>> No.8937901
File: 13 KB, 380x390, C-o1ye3UwAA_bR8.jpg [View same] [iqdb] [saucenao] [google]
8937901

>>8937884

>> No.8937902

>>8937884
You're just having a laugh, right?

>> No.8937926

>>8937902
If I put 5BTC under your mums pillow she will be more profitable fVgot

>> No.8937938

lazy troll 0/10

>> No.8938029

>>8937884
You’re gonna lose your $300

>> No.8938057

>>8936317
Do small trades that earn 1%. Do it until you get 10% total. That would be $30, but will increase over time if you add to that $300. Might take all day to get 10%, but it will be worth once you get a lot of capital.

>> No.8938064

>>8938029
Let’s face it. That $300 = 30+ hours of your time

>> No.8938099

>>8936644
You're a dumb, poor nigger. You are broke cause you send all your money to some cam whore? Just get a job and get off 4chan

>> No.8938103

>>8938064
But let's say it were instead $30k he used, That means 30 hours got him $3k. $100/hr ins't too bad.

>> No.8938134

>>8938103
This. You’ll need more capital than $300 to get a profit that’s worth the time, but if you do have a lot of capital, it’s completely worth it.

>> No.8938161

>>8938134
I've gone from $3k to $15k. I like to think if I ever get to $50k I could use about $25k to trade with. But I'd be nervous as fuck.

>> No.8938166

Day trading crypto sucks now unless you are willing to buy a VPN and trade the rips and dips of Bitcoin with 25x leverage.

Its all about HODL Verge right now and then HODL other good coins, look up WPR (WePower)

>> No.8938754

>>8938134
It seems completely worth it because you are talking about outperforming professionals by 40x. In reality what happens is they take all your money.

>> No.8939145
File: 373 KB, 2186x1020, 1517540340693.jpg [View same] [iqdb] [saucenao] [google]
8939145

>>8936644
Save up by investing in the mid to long term in good projects, then once you have 10k that you wanna use day trade with that. 2-3% profits daily is fucking easy, you just need high volume coins and you're making an easy 200-300 a day.

>> No.8939216
File: 114 KB, 1508x892, 1504009844833.jpg [View same] [iqdb] [saucenao] [google]
8939216

>>8936783
doing this:>>8936778
assuming 10% per week, it would take you 20 weeks to reach 2k:
300*1.1^20
=$2,018.25
You're better off working and saving some more money before day trading desu. But use that formula in excel to see how much you can make off compounding interest.

>> No.8939270

>>8936756

Yep. This. And don't even think about margin until you're rock solid without it.

If it was that easy OP, there'd be no wagies

>> No.8939343

>>8936317
100X leveragew and pray to rngesus

>> No.8939705

>>8936317
anon, you sound like the kind of shark we don't need in our kiddie pool. i seriously hope you don't follow this plan, you'll be taking my lunch money. just too smart