How do I get into day trading? Is $1000 a decent amount to play around with?

Well I don't want to live off it, at least not in the beginning. Just want to make some pocket cash and see if I can build it up enough to start making more money. It all seems like bullshit to me anyway. Like how are you supposed to know if it's gonna go up or down?

I'd say you need about 10 000 to make it worthwhile. Below that and you might do better cleaning toilets or working as a cashier.

How hard is it not to lose money? Is it just gambling or do some people have an unexplainable talent that lets them see where the price is going just by looking at charts?

day trading usually means trading within a day or so...opening a trade at 835a.m. and closing it at 8:38a.m. and so forth. Swing trading is opening a trade at a level with a predetermined 'swing point' that may not be hit for days, weeks, months, kinda like buying link at 20 cents and selling at 35 or 40 cents and waiting to rebuy at 21 cents or so, ...rinse repeat.

Use your phone and download apps for whatever you want to look at. MT$ for forex, binance, etrade, etc. Most if not all can let you set up demo accounts and allow you to trade with fake money, then let you move to live money accounts

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First off, study before using real funds in a live account.
I studied basic TA and then learned early on why 90% of traders fail.
Then I studied a unique style of TA crafted by a trader called ICT and never looked back at retail trading strategies ever again.

Anyway, you probably just wanna get rich rather than get consistent, so just disregard anons advising you to learn to fish.

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yeah:^)

LARP.
I'm aware there exist people who have done this.
You're not one of them.

$25k

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Sauce?

>i made x$ on this trade! I shoulda traded 2x and made 2x my money cuz I'm smart!
>I made 2x on this trade! I shoulda traded 4x and made 4x my money cuz I'm smart!
>I traded 10x because I'm smar...HOLY FUCK WHY IS IT GOING DOWN?!?!? I JUST LOST 3 MONTHS OF TRADING IN 18 SECONDS...HOW DID I NOT SEE THAT COMING...DAMN JEWS!!!

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I enjoy seeing this. People like you I love to tip with a two dollar bill and pat on the back and whisper "youre doing a GREAT job'

One of my Gf's...still seeing her

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Hi, degen bitmex gambler here.

started on 100 bucks a month, i was risking 50 bucks on a trade like if my acc was 10k (0.5 risk everytrade) since i only had 2 shots a months i panned everytrade weeks ahead, eveentualy stoped lossing money, and eventualy turned my supposed 10k into real 10k (at this point learning only cost me 1k, or 10 months, wich is pretty good)
now trading is my job. i dont do shitty trades, i dont have emotions, and i dont fucking lose the money that feeds me.

I apologise, enjoy and cherish your relationship

>or do some people have an unexplainable talent that lets them see where the price is going just by looking at charts
there are methods that you will learn but in the end it's still just gambling.

he's forcing himself to learn the hard way, i say let him

Do you think sports gambling is a better avenue for money making?

only if you have inside info

>Is $1000 a decent amount to play around with?
If you're asking about day trading stocks, then no, that isn't enough. The Financial Industry Regulatory Authority (FINRA) has rules that prevent people from day trading with less than 25k. Those rules are in place to protect retarded retail investors.

It is possible to day trade crypto with 1k, but I don't recommend it. Even if you know what you're doing, which you don't, your gains probably won't be large enough to justify spending a lot of time staring at monitors.

I suggest spending the next year reading while you save up a larger amount of starting capital. If you want to start trading just for educational purposes, then I suggest using a paper account with no real money on the line.

Are you implying sports are fixed? Anyway, I've seen people online claim they make decent money with sports gambling but it could be bullshit since you can easily lie on the internet.

The other guy said it's just gambling. Is that true?

this is me exactly

There’s a difference between prognostication based on confluence in price action, on the one hand, and gambling off a coin toss.

Markets are manipulated and it’s that manipulation that makes them relatively predictable.

>The other guy said it's just gambling. Is that true?
In my eyes, all investment strategies are a form of gambling. It is just a question of how heavily the odds are stacked for or against you.

Most day traders under-perform people who buy and hold. They typically pay more in commissions, they are forced to pay short-term capital gains taxes, and many of them use TA that is no better than astrology. The other anons were probably comparing day trading to gambling because shitty TA is reminiscent of the poor reasoning that degenerate gamblers use in casinos.

How and where can I learn daytrading? Most youtub tutorials seem to be from larpers or scammers

Don't listen to these people OP. 1000$ is enough to invest with.

Pick any company with large cap and volume and preferably

well we're pretty much at the bottom so just go on bitmex and open a 5x long with 500$ and then put the other 500$ at your liquidation point

voila, your actual liquidation point will be somewhat below 3k which is unironically the bottom and you will gain btc at 5x speed as it crawls back to 6k, ez

if it falls below 3k then just put 2k in and repeat, after we bottom out for sure (we already have but just in case), you will have all your money back and a buttload of profit

you're welcome anons

>1000$ is enough to invest with.
I agree that it is enough to invest with, but that isn't what OP was asking about. He specifically mentioned day trading, which means never holding any position overnight. With only 1k in his account, commission costs may eat OP alive. Paying $5 in commission on a $500 trade is MUCH worse than paying $5 on a $10,000 trade.

You're gonna make it.

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>Daytrading
>Under $1000

lol, you have no idea what the fuck you are doing. Just flush your money down the toilet, atleast you will save yourself the headache of watching your money slowly go to 0

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sauce?

Unfortunately its mostly self taught...tons of good videos out there but many more scammers and time thiefs.
I learned forex on babypips.com, it has tons of good info on forex and optionseducation.org has alot of good starter info on options. Go from there!

Thanks user

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Do you trade with leverage?

That's fake.
Please post your photo ID (front and back), acct number, email address, password and google authenticator code so I can verify it.

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Any advice for a beginner living in Denmark? Our capital gain is 42%, should I start investing money in bolting the fuck out of here if I wanna make some real money doing this stuff? Can't imagine it being that profitable if you get taxed to shits like that.

Really you shouldn't be declaring you day trading profits unless they pass a certain threshold. For example I use coinbase, and they won't report anything unless youve earned $20,000 cash from trading or had over 200 transactions. So even if you convert from bitcoin to ether you're supposed to mark that as a gain/loss for tax purposes, but coinbase doesnt. And if you cash out less than $20,000 in coinbase they won't automatically report it.

So you can game the system by staying under certain limits. I've sold things on ebay as a side gig for years and make anywhere from $10k-$15k in revenue each year and I never ever have reported those earnings to the government, because ebay doesn't report it automatically.

i stick to my own risk rules, since my overall risk is 0.5 on a trade (of my total acc) i like to keep at least 75% of my acc out of mex, so my mex risk goes up, leveraging or not depends on the trade setup:

Lets say i see a really good setup where the stop its only 0.5% from entry, my mex risk is 3%, so i can x6 my acc and still keep my overall risk at 0.5 on this trade since most of my funds are out of mex.

but if the stop is 3% from the entry, i can only x1 the mex acc, and still risk 0.5 of my global acc, this is why i mostly go for swings, and adjust the trade size to the trade risk to keep my 0.5%, this is vital on my trading strat, im not even a good trader, i could say average, but the risk and going from A to B is what is all about.

Also, when i first started i figured out how to develop a system, as you can see on pick related even on a losing system you can make money if you manage risk, stick to the system and make more than you lose.

my overall track record R/R is 3.5 and i dont take anything below 2, i can simulate some grahps for you guys if you give me a winloss ratio and an average R/R (if you track record of your trades you can simulate future gains, this helps psychologically to stick to your rules)

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Brainlet here. What do you mean by R/R? Is there a blog where i can learn the basics. And does it require some extraordinary efforts or IQ to make it by trading?

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risk reward,

i guess i cant say im stupid, but im not mrs brain either, everyone can make it given the way to do it, i could say watch this guys twitch.tv/cryptotraderstv search the clips where they talk about where they want to trade, eventually you will make the same calls that they do, like everyone they lose trades, but like i proven before you dont need to win all your trades.

if you wanna try, start really small like i did, and never ever go retarded on your leverage, you will feel adrenaline once you win 5 - 10 trades in a row, then you start to make stupid decisions and go out of your plan, pic related is risking 5% on every trade to make 10% see how irregular his winnings are, and how fast he gives back what he wins, the blue simulation has blowup the acc at 150 trades, this is why you want to go small. the numbers and probability never lies stick to them

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>heh, thanks I'm flattered that you called me a dirty fucking larper
>btw this is my girlfriend, like any real couple we always get her hair and makeup (and lighting) done professionally before we fuck

Unironically 60% of biz doesnt know the integral of x.

No.

X^2/2?

That's high school math annon. Pretty sure everyone knows the basic power rules.

Agree.

You need to learn more before you come into The Great Jew Games, OP.

If you want to jump in now, we will gladly pick your pockets clean.

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You need to start with 10k tbqh if you want to make 5-10% a day.

Bitmex. 100x leverage.

>ICT
thanks

youtube.com/watch?v=RjFRTOKGviU

Don't expect anyone to share an actual consistently winning strategy ever.

So you learn by doing? I don't even know the basics

Do what i done to learn. 100 bucks a month on bitmex casino.

This is all the material you need to know to trade:

Risk Reward
Acummulation Distribution
Trend
Support Resistance
Multi timeframe trading
Price action

(Really important)
Spoofing
Stop Hunting
Liquidity zones

I would buy a trading journal since it helps you out a lot, keeping track of your trades will make you to dont make the same mistakes over and over (edgewonk is what i use, its 100 bucks) you can use and spreadsheet tho..

Keep things simple, retail traders will try to find the golden system, pros dont do that, they stick to simple trading methods, simple trendlines, support and resistance areas.. fibs, and they will see how price react to those zones dats it.

im gonna try to find a youtube video on price action wich was really good.

I really appreciate your reply user, thank you

10k is too much money to risk losing for the average normie trader. If your an absolute beginner like OP, then you should start with a reasonable $500 - $1000. This is bad advice.

i do think it was this one, i dont have the time to look into it, but yeah, this is a good resume:
youtube.com/watch?v=GljAqJhN3Yg

Even $500 is too much. Try $50 in my opinion.

You can open a "practice" account on +500 for free.

Practice first with very small money or on "practice" trading accounts

No point losing lots of money on stupid week one mistakes before you've even learnt the absolute basics.

Just no. $50 is too little for various reasons. You're better off trading demo accounts in that case.

beta.forkdelta.app/#!/trade/0xa8bdc8882987a3ed83d8030f08d64479f1eff731-ETH

>not buying TRUE
>Shorting Okex
No wonder you're poor

No 50 bucks, but risk 50 bucks.

Got 50k nice

Saw this on lereddit. Unironcally just picked up 12k

stop spreading this user, you're going to ruin a good opportunity by reposting this on Jow Forums, everyone should sage this thread

Ok retards let me just explain to you 100% how to do this without fucking up because I know one of you will, and will cry about it for 3 weeks on here.

Use fucking metamask like user said. Download the NEWEST version. SAVE your FUCKING seedwords degenerates. If you don't say bye bye to all your tokens, link, eth, or anything you have on there.

SEND the ETHEREUM to your metamask, or directly from the exchange to forkdelta if youre a retard.

Then TRANSFER the ethereum ONTO forkdelta - accumalate the TRUE, WITHDRAWL the TRUE, and send the TRUE w/ your metamask wallet to kucoin.

Rince & Repeat. I better get a fucking thankyou.

Too late jew

Ignore this user

This poster here, what I suggest is you start with $1,000, which is what a while back ago like in 2013 it cost to open an eTrade account. Now they lowered it to $500, but still, start with a Robinhood account, become a longterm investor, and start with just a $1,000

GE is an attractive low risk position right now imo, although I got out of it. AMD might be a winner with all the tech stuff coming out, but something to keep in mind as an investor is 60% of the internet is people on there mobile phones...... now imagine when 5G comes out in 2 years

Pic related is from September

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Y'all some real niggas...

This. If you are ignoeunf this you're a retard. Don't bother day trading being new just short it's easier.

Can you Cryptofaggots please leave an actual Stocks thread?

No one gives a shit about your vaporwave currency.

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You won't make it without at least 10k TRUE

Why do you care about helping biz? Fuck them.

>3 anons using proxies to samefag bump some crypto scam

Cool thanks

You're a brainlet ignoring anons short position opportunity he/she posted

but dont you get double raped by fees?

After buying $500 XLM and seeing its worth $40 a year later, I am NEVER touching crypto shit again. Refer to pic related to see real gains, manchild.

Retard alert LOL

How am I retarded? Everyone shills the same thing

>omg omg buy x, x is going to moon

It's a endless cycle of Burger King employees putting their weekly paychecks into some vaporscam and then getting burned, so they are stuck as bagholders and they constantly shit up the catalog here trying to shill their fake money.

I wish Jow Forums was more like wallstreetbets man, the crypto posting is so fucking annoying

Well i think youre being made fun of bexause the TRUE on anons link they provided is about 24% cheaper than the Korean exchange.
Just unironcally got 100k

you mean by leveraging? nah, i would pay the same fees if i had my full stack on mex, but yeah the % overall of my mex acc go high by leveraging, my % of my full stack stays the same

This ladies and fuckboys is a retard normie who lost it all buying ripple KEK!!!

I don't even know what the fuck TRUE is or give a shit, I will sit here with a big smile as i'm 1/10th of the way to a million dollars on my long investments.

How much money has """Daytrading""" virtual fake money made? :^)

Feelsgoodman how do we get past the kyc on okex btw

lol you think anons post arb opportunities on biz?!

Check the poorfag boomer who can't trade crypto. Posts like this get screenshotted and saved for years so at least you did some good looking like a brainlet today man.

Dude, you bought a top for emotional reasons. Now we're at a bottom and you're not buying for emotional reasons.

Check how much you could have made if you bought LTC a couple of weeks ago. See the current price. See the price in a year. You are right to be very wary of crypto. Out of the thousands of coins present currently, maybe 50 are actually good projects. BTC and LTC are the safest choices out of all of these at this time. Put 50 into LTC and I guarantee you, you won't regret it in a year. I've bought some 30k USD of it myself, that's how sure of it I am. Amazing dev team, solid principles behind it and HTC released a phone with a crypto chip that supports BTC and LTC last month. It sold out before I could buy one on launch day.

Actually I took that loss buying Stellar. It's fucking worth peanuts now.

My first and last time I ever bought crypto.

Ya'll enjoy talking about your fake retard money, because from what I assumed this was a stock market thread for REAL companies making REAL products.

I never even HEARD of daytrading crypto, like this is even worse than buying 100k of shitlink and holding it for long. Sounds like a real good way to lose all your money

LOL go back to mommies advice. Stick to what you know for sure LOL i love newfagsxD

Well not going to find this again. Thank you anonchan

I don't give a fuck about crypto, refer to

This screenshot was from Friday, I made almost $10k in ONE trading day on a REAL company that I can sell at ANY time and cash out to my bank via a simple click.

Bunch of NEET retards in this thread working at Publix bagging groceries thinking they are making a lot of money daytrading bullshit when they really are slowly bleeding out money.

Can anyone in this hand raise there threads, who here has made even $1k in one day off Stocks?

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Honestly just Google Korean id you'll be fine with anything you submit. Give it a couple hours though. Their kyc is a joke.

The main giveaway that you're 16 is you just said you can trade anytime. Stocks close kid. Maybe mommy gives you too big of an allowance!!