This guy, known as 'BNF' turned $13...

nice now post Mohammed ISlam that claimed he turned $1,000 to $50,000,000.
2014 all over again.

Exactly. We need the emotional people who don't know what they're doing to make money from.

To be successful you need to be cold-blooded like a machine
Or you just let machine do it so called algorithm trading
That's why wall street has fired 90% of their human traders

> He bought Eth and bought Bitcoin before they mooned

I love that this is a well known statistic and people take it as being part of the 99% kek

I do this but I still need a human (ME) to look at the macro perspective and see if my mechanical method will be profitable in certain market conditions.

you're both poor though

Have you seen 99% of people?

Attached: CRYPTODUDE.jpg (900x900, 84K)

It's actully more like 80%.

It's kinda like Tinder, most unattractive or normie guys don't believe that Chad smashes two girls a week from Tinder and think that Tinder sucks.

90% of people lose 90% of their money in the first 90 days
t. Anton Kreil

He did it during the dotcom boom.
It really isnt any different from buying btc and eth early

Everyone says that until they get justed. Like casinos, its always a net loss for the customers

It takes over 10,000 hours to master trading. Most people blow out their accounts way before that. But u can get a 99% edge in trading so you will always get a loser with an etrade account trying to compete with co-located hft ai bot.

t. Former prop firm trader who now trades his own funds.

youtube.com/watch?v=La-WIYNjgoY

I love that dude after watching his videos I started making consistent gains to escape my poverty.

He started in the dotcom boom and profited from the Mizuho disaster, but still impressive.

Here's his yearly equity:
1999 - ¥1.64m ($16k)
2000 - ¥2.8m ($27k)
2001 - ¥61m ($580k)
2002 - ¥100m ($956k)
2003 - ¥270m ($2.58m)
2004 - ¥1bn ($9.5m)
2005 - ¥8bn ($76m)
2006 - ¥15bn ($143m)
2007 - ¥16.5bn ($158m)
2008 - ¥21.8bn ($208m)

Well, it’s possible for a moron to get lucky trading and make money, at least in the short term. Starting a business is a whole different animal, since you’re going into debt or spending your entire life savings just to set it up, with no guarantee of success

actually bnf's track records starts at the time dot com bursting, and increases 2002 to 2014

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Damn talk about pressing your trades. Lost of guys would quit the game after becoming a double digit millionaire.

>It takes over 10,000 hours to master trading
Honestly think I've spent more than 10,000 hours staring at charts by now.

4 years all day everyday.

Is this you?

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technically, you also have to use your brain while at it...

It's much different when you have real money online. Even the smartest people can make stupid decisions when they deal with real money.

By 'staring at charts' I mean trading or waiting for trades.

Mostly waiting.

I see what you did there, 208m to 20.8m after the financial crisis?

Forex certainly isn't all day traders but it's a good sampling to look at this question. Randy m sampling shows that probably something between 60-98% of daytraders lose money in the long run. In probably the best analysis, only 2% of daytraders make money over a long time frame.

theforexguy.com/forex-traders-lose-money/

>what is the exception to the rule
>what is an outlier
In all seriousness, this can only be achieved by extreme intelligence, extreme diligence, and extreme luck

Take one of those out, even luck, and you don't have this story

I've turned 1k usd into 90k usd since april but it was only possible with luck

Look at his gain from 2000-2001, he did 20x. Thats anomalous.

>I've spent more than 10,000 hours staring at charts
kek
thankfully it only took me around 200 hours to realize how little edge actually is in those charts.
you are never going to get rich by learning to read charts. trust me lol

So does anyone know how he actually trades?
Is he a daytrader?
Is he a position/swing trader?

How often does he take trades?
How long does he keep his trades open?
Does he close all trades daily?
Or does he double down on losing trades?
Or keep tight stops?

How much of his portfolio does he put in each trade?
5%? 10%?
Would he go all in when he sees a golden opportunity?

What type of trading does he do?
Breakouts? Buying crashes?

What market does he trade in?
Penny stocks? Forex?

I don't know the details but I think it was some kind of dip buying mean reversal strategy.

It's probably his hyper-autist personality that gives him the edge though.

27k to 580k is more impressive than everything else

Then what do you have to do in day tading to make money if every
chart is null and void?

chekt and hodlrs are rekt

If there are no opportunities then you just have a really long fap.

What metrics do you use to ID opportunities if it isn't charts?

>I spent 200 hours drooling at charts and came to the conclusion that day trading is a scam

Did ur charts look like a plate of spaghetti?

Does his strategy of long/short portfolio actually works?

No I am not a douche

There was some error in the stock exchange and he bought a shitload of stock for pennies on the dollar. He made a fat stack off of that alone and used that to compound his gains. If not for that lucky trade/error, he wouldn't have nearly as much.

if youre talking about blowing up an account thats probably true, but i doubt 90% of people go all in like what he implies

this
Unless I decide to have a family I'd settle with a million, buy a house and transfer myself a decent salary every month for like 40 years

I will never swing my LINK stack stupid chink nigger

A stroke of luck gave him the leverage to essentially become an insider. Probably pays 100k at least per moonshot with juicy returns.

but why?
once you have fuck you money its even easier to trade with your stack. what are you gonna spend it on anyway?

Because an edge doesn't last long. Make your money and get the fuck out.

loads e money is an edge all on its own

>make a million
>just sit on your ass for 40 years in an overpriced house
>get cucked by taxes
>dont fight the inflation jew

never gonna make it