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/biz/ - Business & Finance

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9515095 No.9515095 [Reply] [Original]

Quick question, I've started daytrading about a month ago and so far I'm making roughly 2.5% per day, is that solid or do I need to step my shit up?

>> No.9515163
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9515163

Increase your leverage bro.

>> No.9516376

keep this up for a year and you'll be a millionaire
tip: it's way harder than it sounds, especially when you get to $50K+

>> No.9516391

>>9515095
if you start with 1000 you will be a millionaire in less than 300 days

>> No.9516457

>>9515095
What coins are you trading?

>> No.9516469

>>9516391
>>9516376
Absolute numbers matter more. If you have a bigger stack, it's easier to spot for others and ruin you.

>> No.9516494

>>9515163
Don’t do this OP, if what you’re doing works keep doing it, the aim is to stay in the game until you make it not become a gorillionaire this week

>> No.9516500

>>9516469
one million is nothing in a 300 billion market

>> No.9516508

You are not making 2.5% a day. You might have made 2.5% TODAY, or yesterday, but you are not making a guaranteed 2.5% a day, because that would you the richest human being in a couple of years. Prove me otherwise faggot OP.

>> No.9516627

>>9516508
Is there a way to look at your gain progression on HitBTC?

>> No.9516666

>>9515095
Are you averaging 2.5% on your entire account, or just on your individual bids? Because 2.5% on your entire account is godlike and will compound at a retarded rate. $10,000 would become $95,000 in 90 days if you kept it up everyday.

>> No.9516689

>>9515095
no youre losing -25% for taxes on every trade so youre actually losing 20% everyday

>> No.9516719

>>9516689
he is losing 25% of his PROFITS every trade.
25% of the 2.5%

>> No.9516733

>>9516719
no youre wrong my dad is crypto tax expert

>> No.9516810

>>9516733
Either you're fucking around, or just ignorant.
If we're talking about USA - then he is taxed on any profit from any trade whether coin to coin or fiat to coin.
>>then he is taxed on any profit
>>profit