Seriously want to quit my UPS job and start trading or get involved with coins. What is a good start for a newfag to Jow Forums.
Seriously want to quit my UPS job and start trading or get involved with coins...
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Lurk moar
why would you put your hard earned meny to buy that which has no value
Fuck
I have a basic understanding of the stock market (was at college for social media marketing and business but dropped out to work but don't want to go back ) and i know there's money to be made
keep the job and trade with small amounts while you still work.
IF you truly 'make it' trading, then you can quit your job. don't fall for the 'i quit my wagecucking job and now i'm a millionaire faggots' meme. it's just that, a meme.
atleast then, when you lose everything in crypto, you'll still have money coming in..
Yea that was the plan. Peak season is coming so soon ill be making 650 to 750 a week +100 dollars for attendance. Looking to move out of my parents home. Is stocks or coin the way to go? Pro's and con's?
for god's sake please, PLEASE use your brain and go into the stock market. you seem like a relatively level headed individual, and you also say you have some background in business, if you get into crypto, you'll just feel like a retard and start beating yourself up because you end up thinking 'oh wow all the stuff i thought i knew was bs' because this ponzi is manipulated to the point where you only make any real money if you're extremely lucky OR you literally know huge whales on a first name basis.
go into stocks. 100%. read the posts here of people talking about crypto and you'll see gambler's mentality exemplified perfectly. that should tell you everything you need to know.
Thanks and I've tried stocks before. Newfaggy as fuck but a friend put me on to robinhood and i made 50 dollars in a week. Fell off of it because i was told that trading small amounts was pointless. Im only 19 so i dont have the financial standing to be throwing money at the market.
Also, are people like tai lopez legit? I keep getting those ads on youtube and everytime i get closer and closer to clicking
never followed the guy, but if you want to learn about getting better at stocks, don't go after the 'celeb youtube trader' types. they emphasize entertainment value over actual information as it is essential to stay competitive in the environment they're in.
read some actual books from authors like buffet (yeah he's become cliche, but if you understand what this guy is saying and follow it, there's literally no way you cannot make money) and I also highly, highly recommend reading anything and everything Jesse Livermore has written.
no fuck that i need my packages. know your place, slave.
Alright alright. What service should i be using and will these books give me an amount i should have b4 trading?
Most of the time i just misload and break open boxes. Fuck your packages
You invest to supplement your income. The idea is to make money with a real job and get a ~5% bonus to your extra money via the stock market, aka gambling-lite. You don't use the stock market as your full time job
So it isnt possible to live off those funds?
I have $17,000 in the stock market right now. Over the last year I made ~17% in capital gains, aka the stock price of what I own is 17% higher than it was this time last year, and If I sold it now I'd make a 17% profit from what I had last year. I also made ~200 dollars in dividends, aka the companies that own the stocks paid me $200 to let them use my $17,000 for a year. So, the total money I made from stocks in a year is like less than ~$1,000. The point is, the stock market is a good way to make extra money over time. Keep feeding a couple hundred into index funds every month for decades and you'll have several 10k extra to show for it. But it can't be something to replace working unless you're a multimillionaire.
Day trading is a meme, and is glorified gambling. Except a casino might actually have better odds. Stay away. Just buy dips when they come and reap the benefits in good times (today, right now, is an example of a good dip to buy stocks during.)
Buy index funds. Try VTI or VGT. These are good starting points. They're very reliable, low risk funds, and they're good for beginners to get a feel for buying and owning stocks. Look up stocks on morningstar to get a feel for what's inside them, eg: morningstar.com
Thanks will do.
Ah ok ok. I thought day trading was bad already so no worries there.
if you happen to have crypto on you, whaleclub is pretty good for trading futures on commodities and forex.
and no those books are just general trading knowledge. buffet started when he was 11 with probably not even close to what you have right now..