larp
IMAGINE TRADING THIS SHIT
Ethan Barnes
Leo Miller
>Also day trading is an opportunity cost vs. holding.
you will never be as profitable as hodling, or at least playing long swings. you should have just bought below 4k and hold.
Also basically you just use a price action strategy with support resistance, nothing scientific here.
Jayden Jones
Thanks I'll definitely be hitting you up later
Nolan Rogers
>you will never make more money day trading than holding. the whole game is designed to reward hodlers and fuck day traders.
That's not necessarily true. With day trading the money is guaranteed if you can do it right.
If you are just buying and holding then you are not guaranteed a profit. There are a ton of coins/tokens that hit a high price but then never recovered and likely never will.
Josiah Martin
>you will never be as profitable as hodling, or at least playing long swings. you should have just bought below 4k and hold.
I started this whole bitcoin trading thing with a very small and specific amount of money and have never added anymore though I have pulled some out from time to time.
Right now my account is at least 200x what I put in. That is 2 orders of magnitude and a 2x after that increase. I assure you, the price of bitcoin has not moved even a single order of magnitude since I started. You picking up what I"m laying down?
>Also basically you just use a price action strategy with support resistance, nothing scientific here.
It has positive expected value. I'm not sure how you define "scientific" but that's close enough for me.
Angel Gray
now this is a brainlet
Andrew Reed
Based rant. 9.5/10. Thanks for sharing.
Camden Howard
you buy a dip, it goes lower.. now what. you cant predict where it will stop. 2 days ago you coulnt predict it would dip to 11.2 and not lower.
Evan Rivera
Post your annualized total return from trading for each year for the past three years you absolute faggot. Nobody with a brain cares about muh daily PnL.
Luke Long
>you buy a dip, it goes lower.. now what. you cant predict where it will stop.
Yeah, you got it. This shit could all go to zero tomorrow. It could also go to 50k or 10k or 15k. Who knows. It's like forecasting the weather. Yeah, they'll give you a 10 day "forecast" but of course it's bullshit. As the tenth day gets closer though they have a clearer picture and course correct. Finally what was 10 days out 10 days ago is today and you look at the weather report then look outside and they seems to coincide pretty well. Trading is something like that. I can look at the history of a chart, fundamentals, volume, new regulatory bullshit, and on and on then make an educated guess of what I expect to happen. The further out I look the wronger I am but when I look at the chart right now, some of the time I have better than chance odds of either hitting "buy" or hitting "sell" and it going my way. Most of the time I have very little useful insight so I do nothing. Of course nobody else has any insight either so they do whatever they do. Those times I have a 50/50 chance of getting it right or wrong. However when the odds nudge just a little in my favor, I act. Over the long term, those little in my favor moments add up. Thanks to compound interest, they add fast enough to keep me entertained enough to do it all again tomorrow.
You are thinking in terms of specific events. I am speaking of probabilities and discrete combinations of numbers. That's all it is.