You're poor because you obsess over stupid things like crypto coins
You're poor because you choose to use indicators which lag price
You're poor because you don't stick to something
You're poor because you touch shit like forex and options without understanding them
You're poor because you're constantly chasing pump and dumps and one time things
You're poor because not one thread ever mentions probability or statistical edge
You're poor because you lack discipline
Veeky Forums will always remain poor
Wyatt Lee
More like, you're poor because you were born poor.
Michael Watson
if you're poor it's your parent's fault for being plebeians
Logan Jackson
Absolutely not
If you're born poor it is not your fault. If you die poor, it is absolutely your fault.
Adam Morris
if you die wealthy, you die miserably
Benjamin Rivera
Salty user who won't be on the Bitbean shuttle.
Dominic Kelly
>You're poor because you obsess over stupid things like crypto coins I made $8000 last week on crypto. Stay mad nocoiner.
Nicholas Bell
I'm going to assume you made $8,000 on a few trades, not a large number of trades.
I'm going to assume you have no objective analysis methodology or any type of plan you consistently follow.
You likely bought something, happened to play out. Now you attribute that gain to skill and say crap like "Stay mad nocoiner" and probably bragged to your friends about that one gain, failing to mention the hundreds of loses you've incurred over time to achieve that. You likely loaded the boat as well, probably bought the most you could, even bought some more when it went down.
You're trading an un-established market, filled with non institutional participants basically a bunch of people like the Veeky Forums board handing crap back and forth, how can you establish a well defined edge over something that hasn't matured? Furthermore why would you risk your hard earned capital in such a market?
Gabriel Powell
I probably did over 100 trades last week. Stay poor nocoiner cuckboi.
Thomas Perez
because your potential for a larger payoff increases. Like how VC Investors will fund hundreds of startups with the knowledge that most of them will fail. It doesn't matter as long as they capture atleast one unicorn(billion dollar company) in the process. Think Twitch, Uber, Robinhood, Twitter, etc.
Isaiah Thompson
>You're poor because not one thread ever mentions probability or statistical edge
This is absolutely something I've noticed about biz.
Biz trading advice seems to be 'Buy and hold X, hope it moons'. Nothing about finding a consistent strategy and just grinding it out, which with compounding can become far more profitable than searching for the moon coins.
Jacob Rivera
Leo stay mad nocojner
David Collins
Return is always proportional to risk
Christopher Thomas
Exactly, the whole point of the game and really the only way you will survive the long term without "luck" is developing a consistent plan with a statistical edge and trading it like a machine while your account compounds slowly but consistently.
Every idiot on here is chasing the next crappo coin pump and dump and just magically assume they will make money over the long term.
Jonathan Perry
Crypto coin faggots are annoying. They shit up this board. And crypto currency trading is not a business its literally gambling at a casino that hates you.
The rest of your post is bullshit. Zuckerman is lazy as fuck. Bezos made a company out of literally being to lazy to drive to walmart.
That one kike that owns telsa and space ex has never invented anything and literally gets rich off weaponized welfare.
Jonathan Murphy
I made an example for you now. Do TA and look for triangles. It's literally free money.
Carson Butler
HAHAHAAHHA
Sent from my yacht
Hunter Lopez
Wrong pic kek
>gambling If my coin falls under the support trendline i can just sell and only take a 10% loss.
Eli Scott
...
Jason Richardson
Congrats on figuring out what stock brokers were paid to do 200 years ago.
Eli Campbell
>You're poor because you touch shit like forex and options without understanding them You're poor because you don't understand them. They're fucking easy to understand. Takes literally minutes of reading to understand and a few weeks to get "good".
Brayden Baker
Do you have objective rules to draw your triangles to the extent that you could give your rule set to a foreigner and they would draw the same triangles? Or do you have a large amount of subjectivity going on there?
Have you backtested (not forward tested), backtested the results and can show you have an edge over time consistently drawing your triangles? Do you have an objective way of placing your entry prices / stop loss and take profit?
10% loss? On one trade? That's absolutely ridiculous.
Also trading some kind of triangle structure would be a breakout entry, crypto pairs act like forex do they not? Where it's almost better to fade the breakout instead of expecting it to work out, because we all know forex breakouts fail most of the time.
You have no strategy man, I am not trying to insult you, but if you agree with me you'll progress further in your trading and move away from your triangle nonsense.
Owen Garcia
You gain knowledge by doing and analyzing, not fucking dithering in your computer chair. New and uncharted territory requires people to explore and document, which is exactly what Veeky Forums is doing. Take your institutional investors and your TA tea leave reading and shove them up your ass.
Joshua Flores
Trading crypto in this year is a YUUUGE opportunity imo. You're really wasting your time if you're a nocoiner these day. You can literally increase your portfolio by 100 times in a year.
ty
Just trust the triangles, faggit.
Jonathan Ramirez
Enjoy losing your money guys.
Yeah man for sure you keep thinking you can learn how a market works in a few minutes and that it takes a few weeks to get "good".
Ethan Bell
Naw man, you're wasting your time as a coiner chasing a bunch of nonsense that you have no idea about with your triangles and shit.
Fuckin triangles, I remember when I thought triangles were cool like 7 years ago when I was retarded and thought I knew what I was doing.
Levi Price
lmao stay poor and cucked then
Isaiah Garcia
you are so mad right now. protip its not good for your blood pressure saged nigger
Adrian Wilson
As someone new to this, wtf is this? It looks like lines drawn at random following vague randomly chosen trends in the chart. Choose a bunch of different points on the chart and you could draw the inverse.
Robert Stewart
>says you can't make accurate predictions on emerging markets >tells me I'm going to lose my money >doesn't realize that's a prediction in and of itself Look at the faggot with the crystal ball
Adrian Collins
cause and effect
Brody Richardson
How does one start learning how to trade? What material can I learn from?
Blake Morgan
Why are you ignoring that a big number of people actually did make a LARGE ROI on cryptocoins? You sound willingly ignorant.
> failing to mention the hundreds of loses you've incurred over time to achieve that it's not a loss until you close the transaction though
Angel Lewis
honestly m8 i hate reading these posts because there is no material to learn from. just take some money that you're not afraid to lose and start making moves, you're going to have to lose some to learn
Brayden Cox
>You're poor because you lack discipline
Absolutely true, if I had started taking Modafinil 3 years ago I would be showering in money right now.
Caleb Gonzalez
>it's not a loss until you close the transaction though.
Yes it is. If the coin you're holding needs to go up 30% for you to break even, you're probably better off selling it and trading a set-up that has good odds of making you the 30%.
Aaron Young
>these random autismo arrows and circles
If anyone is actually listening to this guy, kys.
Elijah Anderson
>You're poor because you're fuckin lazy >You're poor because you don't stick to something >You're poor because you lack discipline
fucking true REEEEEEEEEEE how do I fix that? just today I wanted to buy an advertising banner on some site which would increase trafic to my webpage for 30% AND I FUCKING LOST IT BECAUSE SOME BITCH BOUGHT MY LAST PLACE WHILE I WAS WATCHING A FUNNY YOUTUBE KITTY VIDEO!!!!!!!!!!!!
Hunter Jenkins
Wow such insight
Jayden Johnson
Also kill yourself, nocoiner peasant
Colton Cruz
>Modafinil
Someone redpill me on this
Is it as helpful as they say?
Jason Jackson
It gave me super autism like focus, and reduced my social anxiety so I didn't stumble over my self. However, I was traveling and was staying in a hotel, and I couldn't help thinking about all the depraved sex acts that likely happened on the bed I was on.
Owen Gutierrez
You sound like you just saw the recent surge in crypto prices and are attempting to justify your decision not to buy the dip and missing yet another boat.
Ryan Allen
Depends on what products and markets. You have to understand statistics more than technical analysis. TA has many confusing lagging indicator garbage as OP correctly pointed. Just grasp the meaning of trend and support/resistance. You have to understand statistics more. Risk/Reward and probability- expectancy of any method and trading strategy should be analysed. Get a coursera course or something in statistics and learning some basic R language there should also help. You will be able to create and test your own models after a while. Also checkout futures.io and elitetrader forums. Don't expect to achieve anything without loads of work.
Kevin Morgan
Market microstructure Tape reading Supply demand
Obscure Kat poop Chinese deD cat bounce
Mason Kelly
Depends completely on your genetics and whether or not you're already a high performer. To me, because I am not the later, it works phenomenally. It gets you in the same mental state as a really long and good meditation session, where your mind is pure silence, focused on what matters and nothing feels like a chore, no matter how tedious or boring you might have perceived it to be, before hand.
Dominic Rivera
For me, it also gave that kind of focus but that does NOT mean that that focus can't be stuck on something absolutely not worth focusing on. This was 50mg. Also, it fucked up my sleep schedule for ~a few days.