Is day trading the most based and redpilled career?

something that gets triggered on short spikes where you don't want it to, and when you want it to you get because it drops faster than the stop loss can keep up

But you don't?

no

It's fantastic

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Lightning McQueen's crash

FUCK FUCK FUCK I HAD A REALLY NICE PARAGRAPH FULL OF TRADING TUPS BUT I COPYED SOMETHING ELSE FUCKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKKK.
TL:DR

HAVE SAVINGS BEFORE YOU TRADE THAT YOU SAVE FOR LIFE EXPENSES

BE SAFE AND LOOK FOR SMALL PERCENTAGE GAINS

RISK MANAGEMENT IS YOUR NUMBER ONE AIM!

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Where do I learn how to day-trade and the economics behind it? Is there a Coursera course or should I got to Uni for econ?

>Where do I learn how to day-trade
Get some books and try it out for yourself, note that most indicators and TA theories are bull and you have to take it on yourself(inevitably lose money for experience) to learn first hand.

>Is there a Coursera course or should I got to Uni for econ?
Never learn trading from any media outlet, grab a book.

>day trading
Imagine paying 0.25% for every trade

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What books do you recommend?

day trading = short term trading ( gambling) + high commissions
swing trading + part time job = mid-long term time frames ( still has element of gambling of course, but no where near as much as day trading), positions take 1 week-2 months
security from part time job income, still dont have to work 9-5

College is good user. Or at least statistics or basic math

>day trading
>career

> sit staring a screen for hours per day
> no interaction with actual humans
> 90% chance you are broke within 3 years

only looks good to beta basement dwelling males, no wonder it's popular here.

And capital gains too. Day traders are literal retards, especially for crypto. The IRS will eventually catch up to you

Unironically all of them, since some unestablished author always has something to say; but for starters go for the list /smg/ thread provides and anything that relates to scanning fundamentals with a fine tooth comb.

>I don't do my trading plan/judgements at night.

>trading career
>drugs
pick one

She has nice legs. I want a career as her stockings.

Independent trader here. I day trade and swing trade the futures market mainly, I work way way more than 2-4 hours a day and it's a very stressful job that not everybody is cut for. But I do love it and I love the comfort of trading from my home office or any other place in the world.

it's actually pretty bluepilled
>repetitive work while producing nothing of value
>high rewards, meaning you have no impulse to improve
redpilled work must challenge your creativity, improve the world and protect your family

Day trading has been scientifically proven to be unprofitable, retard.

idk how fucking based it is to stress the fuck out all day everyday because you have to go all in on every trade with your entire net worth or it's pointless. I literally make $30 a day and it takes about 8 hours.

>play a game where you have to outsmart 90+% of participants
>constantly thinking of ways to make money
>analyzing graphs and thinking about what they could mean
>finding the intersection between TA and FA
>acting decisively enough to sell or buy on a candle that lasts seconds

Day trading is a meme and stupid... Just fucking trade when it makes sense you idiots.
You start making yourself feel like you need to trade everyday and you're fucked.. I see these people on stocktwits (I like to lurk there sometimes) and they sit there and think making 100 bucks twice a week is good. And they never post when they lose. It's sad honestly.

You should start slow and build up some capital with blue chips and then when you make 30% take it out and put it somewhere else..
Then start looking for undervalued shit that's under a dollar and buy thousands of shares and you'll get pic related to happen.
Watched this one fomo off weed hype... so I put some change into it and it fomo'd again. Cause people are retarded and day trade.

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You should never go all in on any trade, that's very bad risk management.

thinking that is "financial freedom"

LMAO

wait wtf, you put $1864 in that and its now 124k?

I just want to lick her pantyhosed thighs

he's just larping, that's a demo account

>TA theories are bull
they are not bull. You use multiple indictators to confirm your decion. Its about probibility not this in indicator is going to work everrry time. You use 4 or 5 to make sure you have a high probablity your choice is c orrect. I aloot of people that say its shit are the people who tried the same one strat over and over and lost money when the one strat failed them once..

You're a fucking retard... I make 100k off it before it dropped.

Yup.

I actually had 12,250 shares at first... I pulled out 3,000 when it went to 3 dollars because that was already decent gains.
That stock is nuts, they literally don't even have a product.

Having any crypto at all on an exchange is poor risk management. If i trade with a smaller % of my portfolio id get destroyed by fees and make peanuts. Im all in all the time but i dont trade shitcoins anymore. If i get caught bagholding eth monero or USDT it's not a problem i mind having.

>idiots, just be rich like me!

Well guess what fucker some of us are in school and have no job so daytrading is what we do

Did I infer anything like that???
I'm actually trying to give you real advice and prove that you can make good money off it if you're smart and patient.
I'm trying to keep fuckers like you from making mistakes like I did when I was your age..Because I fell for the day trading meme and it took me 3 years to make that money back... Luckily it wasn't all I had but I could have used it better.

But go suck a dick college poor fag... Good luck getting rich quick doing the same shit everyone else is doing. You're just handing money to people like me now. Learn the hard way.

Haha brainlets don't even know how to use stop-losses properly. Your problems are symptoms of shitty trading.

shhh, Don't tell the retards..

Please tell me that pics of her penis and boipucci are out there.

Or hear me out, I actually pay my taxes.

i day traded for a while before going back to the industry, it's extremely stressful when your positions turn against you, i lost sleep and started getting auditory hallucinations. i also didn't eat for an entire day when my accounts were down.

Just for the noobs who think it's a good idea to day trade: you'll compete against teams of experienced PhDs and masters in math/physics/engineering who dedicate insane amount of time, energy and hardware to take your money. You're a moron if you think you can beat their HFT algos.

*sips* ahh these plebs can't into trading

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You're in luck

>he doesn't want to show his 200$ position sizes

why censor the amounts? no one knows who you are

This... You physically cannot compete with them.. Their trading algorithms are light speed, niggers.
I looked for the article but I can't find it but I remember reading a few years ago about one firm who paid millions of dollars to upgrade their already ridiculously fast internet cable lines so they could shave off like thousandths of a second with fiber optic.. They are right across from NYSE too and made the money back in some retarded short time.

*sips on your life*
Rather not, there's always someone watching..

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When I read things like this i cringe...reminds me of my sister in law who said "I'd hate to win the lottery...all those taxes you hafta pay!".
You don't beat them, you join them. There's a real old phrase that goes something like that but you've probably never heard it.

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Based and 69 pilled

>PhD
>Locates next to Stock Exchange
>Doesn't locate next to the Data center of the stock Exchange

it's not very common something is doing -120%

Facts. Day trading is glorified gambling addiction.

>Hides gross PnL
>Implying a winning % oness than 50 trades means daytrading for a living is anything other than gambling addiction
Kek

All those morons don't know nothing.
Day trading can be very profitable, but you've to study hard before, or you risk to lose money.

This is just retarded. You don't have to 'beat' anyone. If I make the same play as one of your physicists (as if that's any qualification for trading at all) we make the same % gains. It's not you vs the world. You put money into the stock market and if you do any research at all like a non-retard it grows and you take it out again.

Imagine that there is so shitty traders on biz that they can't believe that somebody is making money with trading consistently.

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i want to fap to her but i fear it's not a her

make gif of this plx

It's fucking bullshit fundamentally, but it just works because there are points that a lot of people notice like resistance and support and bots notice those patterns and buy. But that's not enough to have a winning method since making a "right" trade means jack shit if you don't buy and sell at the right time. For example, you make 10 1% trades in a row but lose 10% in one so that's not enough

You can't compete with bots

how much do you earn? how long did it take before you could live on that? how much capital was needed?

you don't use patterns in day trading if you're successful but that's all i'm telling you. i've already said too much.

after a few quick searches in this thread
>no mention of brokerage fees
It entirely depends on whether you can make enough and avoid brokerage fees and percentile comission fees on purchases and sales. Some places are better than others.

If anyone knows good services which waive various service fees and brokerage fees please share that information as it would help others get in on what could potentially be the most based and redpilled career ever,

fallacy of speculation versus actual market volatility. it very often comes down to due diligence research patience and understanding how the market interacts with different sectors. do not fall for the "i saw the trend from the book that means money!"

>Rather not, there's always someone watching..
what does that even mean? do you honestly believe there aren't a hundred minimum large scale businesses using algorithms to monetize the same puts sells and shorts that you are? or are you just a Jow Forumslet trying to larp. This board could provide good information to other people but it's pretty clear people prefer shitposting and memes over that.

not that there's anything wrong with that

>2-4 hours a day
24*7 never sleep

Would you want to be hired by a company that had a 95% turnover and the company seized all your investments when you left

It's absolutely posible but most people aren't cut out for it..that's why you see all these retards saying "Muh gambling"

You have to have the correct mind and personality for it as good trading involves both statistical analysis, and more abstract types of analysis like the overall sentiment. Most people are either autistic calculator brain, or abstract SJW artfag brain. It's rare to find someone who can be both but that's what trading requires.

Over 50% of profitable traders test INTJ on an MBTI test.

Out of the people who are genetically gifted you need to practice for 2+ years which will most likely involve losing alot of money.

interesting post user, thank you
I myself, am INTJ and thus far have been successful daytrading crypto. In 2018 I did 8 figures of volume trading my $20,000 stack up to $120,000
I have a hard science background, I have all the tools to perform extensive statistical analysis, but I keep that very limited and instead primarily trade based on sentiment

>stress the fuck out all day everyday
yeah i couldn't handle it. it's said to be one of the most stressful careers.

>>idiots, just be rich like me!
this is what girls actually believe.

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It is there fellow faggot. She is a porn star too

You two are fucking brainlets if you think trading is about "beating" the whales. Day trading is about riding their waves and eating a few plankton out of the millions on their way into their maws.

>If anyone knows good services which waive various service fees and brokerage fees
you can't beat interactive brokers in terms of fees.
>Over 50% of profitable traders test INTJ on an MBTI test.
MBTI is a meme, a proven flawed test of personality unlike MMPI.
and here we go.. people stroking their ego with their bullshit "I'm a INTJ"... no scientific value at all.

>interactive brokers
I almost signed up with them at one point can you elaborate on their fees? something in the fine print spooked me off at one point but I can still complete the process at any time.

>She

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Yeah don't they have complete control of your shares? They can shortsell or do other goofy shit with your shares and prevent you from doing things based on some sort of 7-14 day period? There was some fuckery which was what allowed them the low costs and higher interest. Anyone have additional details regarding interactive brokers? I remember almost signing up in 2016 but something wasn't quite right.

I've been at it for two years. Quit my six figure job to daytrade and so far I'm down 30% from my initial starting capital. Its very stressful as it seems like i take one step forward and three steps back. The psychological part ruins me. I get scared out of positions too early or im too eager to enter a position. My savings are starting to run out so i'm about to dust off my resume and update the linknd page because i might need to find a job.

>stock will go down more than 120%

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they can lend your shares only if you agree too and you earn 50% of the interest so you basically earn money doing nothing.
You need to have at least 10$ of fees per month. So it will cost you at least 120$ / year. Other than that it's about 1$ / trade. If you make 6 trades per month (let's assume it costed you 6$) you only have to pay 4$ for that month.

Interesting thread. As always losers and ignorant morons call it gambling. It most certainly is not, just as Poker is not gambling despite what, again, losers and morons call it. There is an element of probability of course, but what matters is the Expected Value of every trade and making sure that EV is positive over the long term.
It takes a while to learn and it definitely is not for everyone. I started towards the end of 2017 and it took me all of 2018 and 50% of my money to finally start consistently making money. It takes a lot of work faggots, this shit really is not easy. It's easy to make money, yes, but it is ten times as easy to lose it. But it's doable.

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>ignorant morons
>scientific study
less than 1% of day traders are consistently profitable year after year.
fool.com/investing/general/2015/10/09/why-day-trading-stocks-is-not-the-way-to-invest.aspx
Day trading educators are the snake oil salesmen trying to convince you day trading is profitable. Proof, nobody here provides proof of consistent day trading returns.