Can a poorfag get rich from stocks trading?

Can a poorfag get rich from stocks trading?

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Yes, if you get very lucky. The overwhelming likelyhood is that you will not beat the market and you will lose more than your initial investment.

If you don't take out all your money as soon as you're up 50% or 100%, sure. Few days ago looked up Nintendo's stocks and if you bought any prior to Wii, you'd have gotten 5X on your investment today.

As far as crypto, would have to get in the ground floor when it's under ten cents and hodl right until that common sharp pump and dump where the coin goes up by hundreds of dollars in a matter of weeks.

1-2% gains a day. In crypto those are amplified to up to 100% gains if you choose wisely

Generally poorfags lack the principles required to suceed in security selection.

Yes, you can get lucky but to sucessfully outperform the market over a long period is not probable.

High IQ answer

Low IQ answer

only if you buy my course. sign up here

kek. answer is no user. I make what you stockies make in a year in a week with crypto. get on the bull or stay poor

With how much can I start learning how to trade cryptocurrencies?

With how much would I start dealing with stocks and how do I make a profit?

>With how much can I start learning how to trade cryptocurrencies?
1 Ethereum could potentially net you $10,000+ on the right coin. Or buy coins at ten cents, wait till they're worth $1 and you made $1000, which you could then turn into 10k the same way.

>With how much would I start dealing with stocks and how do I make a profit?
$100 would net you like $150 by the end of a good year. Pointless without a minimum $10,000 investment.

Do you reckon binance is a good place to trade? I'm interested in your experience, how did you get in this and how well has it done for you so far?
>100 would net 150
How? I'm very new to this, mind me.

Name of girl?

stock trading no, learn how invest in stock fundamentals.
Problem is people will tell you they made a quick $500 bux one day then not tell you the day when they lost a1000 bux.
no one can consistently earn 1% a day, if so you'd be on CNBC trashing talking Warren buffet.

what ive learnt to be a good investor is to Pick a sector and know EVERYTHING. I MEAN EVERYTHING there is to know about the sector. Know who the board and ceo is,where they went to school. What is their business is, what is critical about their business, what the margins for their business should be, who they have contracts with etc etc. You want to be rich, then you need to be OCD.

Problem is the normal fag who works 9 to 5 doesnt have time for this, so they wont know why a companies had a bad earning year, but the OCD guy will know its because the companies installed a new software system and it fucked with productivity costing them millions.

my favorite type of stocks to invest in are restructurings and bankruptcy filings.

speaking of, i non sarq, dropped 2k into beancash.

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Where did you learn all of this?

read alot of books, because journalism is shit most of information must be read between the lines.
It also helps to surround yourself with financially savvy people, who talk about financial shit 24/7.
but alot of reading, read financial reports, read industry magazines
its all there if you want.

btw heads up A MAJOR MAJOR recession is coming

>Do you reckon binance is a good place to trade? I'm interested in your experience, how did you get in this and how well has it done for you so far?
I'm shouldn't be the one giving you advice. Lot more anons have more experience and more gains than me. I'm just talking based on graphs, researching hundreds of coins and seeing all the gains/dips, timelines, etc. I use Coinbase to buy ETH with USD and then buy on IDEX. Binance is often recommended here. Made 30% gains so far.

>btw heads up A MAJOR MAJOR recession is comin
How to profit? BTC? Precious metals? Hoard cash and buy VTSMX after the crash?

cash and crypto but thats speculative.
id be looking at the stocks you want to buy NOW if they see a 50% dip anything with low or no debt

im actually looking an APPLE, NVIDIA and SONY and a couple other companies

If the economy hits a massive recession, why would consumer electronic firms like those matter? Joe Dickweed won't be buying the new iphone or graphics card if he's out of work for 3 years and the Dems push for socialism. They would come back eventually I guess though.

High IQ assessment.

low IQ alert
low IQ alert
low IQ alert

1) the dems want to push UBI badly
what you think all those neets will do when they get their $1000 bux a month to do nothing
2) you buy it after it gets nuked and then when it recovers you profit handsomely

the sad thing is that no matter how much market analysis ability you have with markets, you wont get very far unless you have a large capital. if you start out with 1k find a bombshell that gives you 100% return, you made 1k. Thats not alot and you would have been alot more happier if you did that with 10k.

so yes, you can get rich from stocks trading but you need a good capital to start out with along with a decent amount of money saved

math is against traders a 50% loss means you need 100% gain to make it up loss, stop trading and invest.

jesus fucking christ
> actually taking a 50% loss and calling yourself a "trader"

I've realized Jow Forums knows close to nothing about the most fundamental aspects of what we do...

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loss on portfolio faggot. a couple 5% losses to 8% losses can easy add up to 50%

>stock trading no, learn how invest in stock fundamentals.
I only trade on technicals (stats) with prop indicators being right 100% of the time so far (yep you read it right). Made +50% in january. I laugh at fundamental guys who have no idea how people out there have an edge they couldn't dream of

>step 1: never risk more than 2% of account on a single trade
>step 2: look for 3:1 r/r minimum

either I'm some kind of god or you're just bad...

let me when youve consistently made enough to buy a lambo and fuck bitches in russia. making 50% isnt consistent and hiighly likely you'd have some significant down draws

>buy a lambo
>fuck bitches

lmao... there is no amount of trading success that can save someone from themselves...

a pleb will always be a pleb