Daytrading beginner

Are you people stupid or what?

You're competing with ex professional traders who have 15+ years of experience at firms under their belt.

You're going to get eaten alive. You are literally just giving them your money.

study patterns and learn how to use indicators. M favorites are bollinger bands, rsi or cci, mfi for higher volume and higher time frame. I dentify trends and set price targets. I like to use heiken ashi candles. look at multiple timeframes to identify your price targets.

yup that's it

literally never break these rules. harder than it sounds

>Done nothing but seeing it increase in value
Well OP you're in luck because now you can do something and see it decrease in value!

>implying you can lose money in crypto

Lmao

start paper trading, trade without using money to see if you got skills. You can use blockfolio. I'm in a discord group where one of the guy made a papertrading bot and we compete monthly. some dudes make up to 500% a month. When you start getting consistent results start trading for real.

>don't try to learn something because there are people who are better than you

What kind of fucking logic is this?

You can. Many have lost everything.

You're stupid as fuck I hope you get wiped out.

No, you can learn, but don't put any significant amount in. You will lose it.

Realistically, about 99% of people who "daytrade" on this board don't know the very basics. They're just gambling.

If you want to gamble, go to a fucking casino. You're going to lose your money

But what do I know, right?

Never invest more than you're willing to lose at least until you get more experienced with margin trades.

Anyways, your posts are bad.

babypips.com/learn/forex

Aimed at forex but same rules apply to crypto, commodities, stocks and any other shit you can trade.

t. Retard

You go ahead and try to day trade because you like the romanticism

See where you end up

It might have been possible if the fucking exchanges didn't say btc costing 13k when the actual price is 12k. You literally will have to make 10% up in hours, and only then are you just in the green

t. Can't read a chart

I make an easy 2x every two days when I have spare time. It's literally not that hard to do.

But, I mean, you should really feel bad. Must suck to lose all your NEET money in a bull trap due to FUD. Go back to your minimum wage job.

Trade BTC or ETH against alts. Once you buy your initial BTC or ETH put it into an exchange like bittrex or binance and trade whatever pair you wish. BTC is low rn anyway, it will go up from here imo.

bitmex.com/app/trade/XBTUSD

DON'T ever use 100x leverage if you don't want to lose your position pretty much immediately. Bitcoin is way to volatile for that.

how do you 2x every 2 days?

>Implying
You 2x your 5 bucks daily bro, good job on that, yeah?

Come over to Bitmex if you want to join the dark side and print money using crypto derivatives.
Go long or short with 100x leverage.

???

Profit.

> knows how to use the inspector to edit text on a website
Wow. You could almost be a coder with those hacking skills bro. Yeah, no, sorry. Go back to being a wagey. You're literally an idiot.

This is it, for the win.

Multiple people have 100x their money.

And many more lost all their money.

link to discord?

Why aren’t you spending all your money getting 2x then you fucking faggot liar?

Because unlike you, I actually have responsibilities. Bills to pay, house to pay off. You know, adult things.

It's a good job I didn't use inspect element then, isn't it?

sucks to be you, imagine falling for the mortgage meme

user if you made 2x everyday with a $1000 principal you could be a billionare well within a month and then retire.

discordapp.com/invite/dMyX8Xx
my name is Chad in the group. Say hi when you join.

It certainly is a far cry from your mom's basement. It's hard to imagine. Good thing it will be paid off in 3 years.

What is a bull market?

actually you could do it with a dollar.

I graduated last year and can easily afford to rent a penthouse apartment in the most expensive area of my city. Enjoy your liabilities moron

user please adress the elephant in the room. If you double your investment every 2 days. assuming your principal was one dollar, you pull out your gainz annually, and you spend 1% of your gainz on your mortage. Lets argue you just started a three year mortgage. Your house would be well over 10 trillion dollars and you would be more than 10x richer than Bezos and Gated combined. How come Ive never heard of you?

Actually, what does
"buy the rumour, sell the news" mean?
Buying something when a rumour spreads - ok.
But by "selling the news" is it meant to sell right after the news/announcement?
Im just curious, cause thinking about Einsteinium where the news quartered the price, selling right before announcement sounds like not the most profitable way, but the safest one

because he's a LARPing gamete

But if you bought in high with BTC (higher than it is now, ie you lost BTC value), then you trade it for some altcoin on binance today, aren't you taking a huge risk? You have to get lucky and bet on a coin that moons hugely, because you already have to make up for the 30%-40% value (in Fiat) that you lost on the btc, and transfer fees etc, before you can even start making a profit

My question is if you bought BTC before the latest dip, does it make any sense to mess around with alts until btc goes back up to it's previous value, preferably even higher?

Really though, if you want to play Pump and Dump, there is only ONE way to avoid being dumped upon after a pump - TRAILING profit. Check out this api, it's made me EXTREME gains with 0 risk 3commas.io/?c=tc4946

Lmao, you're just salty of other people buying their own homes.

Look at Link right now, or BTC in the first half of December. A bull market is when the market value of something is "rushing" or "charging" upwards. This means that it's difficult to purchase the item because the demand increases, and everyone who has it holds onto it. This "stampedes" the new buyers who are trying to cash in and catch the train after it's left the station.

The opposite of this is a bear market, which is when the value of something gets tired and decides to stay relatively unmoved, much like a hibernating bear.

Makes sense. Being that BTC is a bull market, are the prices we're seeing now probably the prices it will stay around for the future?

I know I just want to remind him how fucking stupid he is risking his money in crypto when he doesn't even understand middleschool math. Like 2^180.
Im not sure what over means but I usually sell as soon as I see a headline related pump. Rather than trying to perfectly timely the peak. You forget you arent the only one trying to dump. Take the potcoin Rodman thing for example I bought as soon as I heard for like 1.7k Sat. And sold BEFORE he Ever went on for like 2.8k sat while biz thought it was going to the moon and I was an idiot. A lot of news is hype and emotional buys rather than actual news that will increase the price. Same thing with BCH I sold waay before it peaked. But wasnt stuck with bags. Better to sell earlier for less profits then be stuck with bags after the happening is over. Even REQ testnet is an example price goes up because Collusus is out so we are going to the moon. Then people realize most people already new about testnet and it does exactly what they thought and it came back down a bit.

Good explaination. Not op but always wondered what it exactly was. Good trades to you friend

Don't

A word of note, I'm newer to crypto (still my first month), but I've been involved in traditional stocks for a couple years now. Considering crypto is still pretty new, I'd say there's still plenty of opportunities for normies to come in and jack up the price of BTC.

The major problem with BTC is picrelated. It's slow, expensive, and becoming woefully outdated. Remember, it's still tech - and is still subject to Moore's Law. BTC originated as an experiment, and it's been largely successful. However if it's going to continue to compete outside of its easily-recognizable name, it's going to have to undergo some major upgrades under the hood.

With this being said, I'd argue that what we're seeing right now with BTC is a correction of it being overvalued. Nobody was buying BTC so they could put all of their assets and trust into it, they were just trying to make a quick buck. It's what most of us are here for, right? This created a bubble, and I think BTC is falling back to its intended value for the time. Pair this with the fact that it's the end of the year, people are trying to close out with a bang, and there was just an ENTIRE MONTH of news headlines screaming "BITCOIN IS SURGING IN VALUE" every day, I'd say it's held its own pretty well.

BTC is definitely going to be replaced over time though, there's no way that none of these faster altcoins don't take over. It'll take time, and BTC is still a safe investment (I'd definitely buy once it stabilizes for a few days), but it's not going to be something we deal in here (or at least invest in for easy profits) in 10 years.

That's just my 2 satoshis. Btw, I'm not shilling ripple in any way, it's just the easiest to read I have on BTC's shortcomings.

>what we're seeing right now with BTC is a correction of it being overvalued
Pretty much what I've been thinking and I've only been aware of coin for the last 8 months. I was quite surprised it went to high but I did expect that it would eventually level out, which is where we're at now.

I'd rather start in some simpler stock such as actual stock in companies on an exchange, but I also know that prices of shares won't rise as high or as fast as coin does. Being that you've been in the game a while, is stock a slow but profitable way? I'm not looking for massive gains like double my money, I'm just looking to make a little.

Honestly, any major company with plants or factories in the US is a good bet to invest in, especially thanks to the Trump effect. The money is much, much slower than crypto, and it isn't nearly as exciting. Just pick an industry that you think is gonna make it, and stick with it. Tech companies are pretty lucrative, but the problem with them is that they seem to be pretty prone to controversy in the "all-connected" age (Google's diversity memo, Uber's CEO stepping down for being rape-y/Uber's second CEO bribing hackers to not disclose info, etc). Another sign to look out for is when the corp makes controversial statements or pushes certain agendas, such as Target or Starbucks. Regardless of whether or not its your side, it's bad optics for investors and considered riskier.

Honestly, the best bet is to just pick an American-based company, or a company with large American holdings (Toyota and Honda have manufacturing plants here for example), and just let the Trump effect run its course.

My dad told me that the best advice unique advice he could give me regarding stocks, apart from the typical buy low/sell high, is that the most boring investments are often the safest.

Sure, Sysco sounds less exciting than le epik redditors who love SPACEX, but it's also safe (with American holdings) and probably isn't going to come out with a tranny bathroom policy or have a christmas coffee cup debate.

I'm not based in the US exactly so I'm not sure how to invest in companies there.

Would investing in companies that are going through controversy be a good idea? I imagine their stock would fall during it but recover later on... right?

Yes, in theory. Buying stock in Target would have been a good idea at the height of the Great Bathroom Debate, provided that they recovered. But some stocks don't recover as well, sadly, such as Best Buy and their CEO mishaps, and Hewlett-Packard.

Take it from a /pol/ack, if it's a traditional retail company, there's a good chance it's on its way out (Best Buy CANNOT compete with Amazon apart from Black Friday fun), and if it's run by a woman, there's a good chance it's going to take a nosedive such as HP (and I'm not referencing just Fiorina here, their most recent was another woman) and Yahoo (I would dump any crypto I currently have if I heard that Marissa Meyer was going to touch it).

I'm not saying this because women can't necessarily lead companies, but many companies who focus on diversity hires and promotions have their priorities in the wrong places. HR departments and their company guidelines are often harmful to the corp. overall.

>I'm not saying this because women can't necessarily lead companies, but many companies who focus on diversity hires and promotions have their priorities in the wrong places.
True, I can see how being a /pol/ack has been useful here since diversity has caused hiring someone over who they are and not what they can do.

I have faith that companies such as Google and Apple can bounce back from controversy. I know that retail stores won't be as successful considering Amazon and online shopping taking over the market. I'll consider investing in tech companies but at the same time it's a big gamble since tech is all connected like you said, plus things can become outdated almost immediately.

Where the fuck do you get romors?

Accelerating Coins are currently reposting signals from a premium group that charges 1k/month
discord.gg/CmteP8j
Only temporary though unfortunately

buy low sell lower

USD IS UP NOW SO EVERYTHING WILL BE FINE

Yes. Google, Amazon, Apple, Facebook, and Microsoft are very big companies with massive monopolies. Provided they aren't trustbusted by the US or Europe (which I highly doubt, given the amount of influence they have). You can't go wrong with a small amount of money in them, and I can almost promise you that you won't get burnt. As long as zuckercuck or sundar pichai aren't outed as satanic pedophile baby rapers, of course.

The only serious concerns that average investors have even had with these companies lately are YouTube (who's the CEO of YouTube again? oh, right) with its godawful censorship and ad revenue policies, and Apple with its "slowing down old iPhones" or whatever.

The best Veeky Forums-specific advice I can give you is to not fall for memes TOO hard, and never invest more than you can do without. If you're going to get rich, it's going to be because you fell for a meme coin and it mooned. My general rule of thumb is that if I have one hundred dollars I can spend for fun, I limit myself to investing 50 maximum.

I've got to hit the sack, sun's gonna rise in a bit. Goodnight mate, and safe trades. It was great discussing with you!

>Apple with its "slowing down old iPhones" or whatever.
I'm curious what effect this has had on the stock, I"ll have to look at this.

Thanks for the tips user, you've been the most helpful person I've seen on here thus far.

Oh, and one last word of advice regarding crypto - you need to have STRONG hands. Don't sell because of emotion. Set a realistic limit that you want to sell at, and stick with it to the best of your ability. This is so much harder to do than I can explain. All these normiefags who bought crypto at 19k and then sold within 48 hours and took losses should be an example.

I'm not sure if it's going to have had an effect or not, Apple's responses usually calm everything down, but those two examples were the only recent negative headlines I could think of regarding Silicon Valley as of late.

And of course, I'm always happy to lend a hand. Traditional stock is a great thing to get into and practice with (which frankly I wish got a bit more discussion on Veeky Forums, but it's slow, I understand) before testing out crypto for a shot at lamboland.

We are competing against bots
That's worst than experienced ta fags or the ones you mentioned

He can just take a screenshot of satoshis wallet, no red to use inspect element.

people still pretend like daytrading and forex still exists
LUL
LUL
LUL

unless you're here to tell us about how much money you lost then GET LOST faglets

>brainlet newsflash: all daytrading is microtraded by AI now

Buy high sell low

Cheap monitor.