Time>Money

I’m a neet who stays at home all day and trades crypto, I make a small living $25 to $75 a day trading. Am I loser? Let’s break this down for retards. I don’t make much money and don’t have much to my name but I’m in fact the winner against the wagie. I have an abundance of what money cannot buy, and that is Time. The wagie has an abundance of money but yet has no time. I rather be a neet with time than a wagie with money because I can use my time for myself and the wagie cannot even use his money because he has no time. This is the reality. Also the wagie wages for fake fiat currency and inflation doesn’t even cross the mind of the wagie Because the wagie believes in his system of lies.

I’ll give you guys an example of a Trade how I structure my trades and manage risk keep in mind I only trade alt/USDT pairs but i see an opportunity on BTC
right now BTC is looking bearish. Basically I would wait until BTC is very near 9500 and I would short up to 9500 and if BTC breaks over 9505 I cut loss immediately. If not, I profit a lot. It’s a very small window for success or loss cut. That’s how I manage risk and maintain more wins than loss. When you lose cut loss and lose small. Simple calculated trades with high probability of success. But you probably already missed the chance to short near 9500

Attached: 15C940EB-A7BD-411C-B0A4-6B97D98C5831.jpg (847x793, 186.83K)

If anyone has any questions I’ll be here awnsering for noobs. I fell asleep last night when I posted this thread so this will be the last time I repost

what TA do you use, also how do you calculate the bottom of a move?

Do you compound your winnings? Also do you use TA? what timeframes do you trade with?

Are you only trading crypto? There's far more money to be made in stocks.

BTC to $500 soon

top 10 alts or small caps?

What's the point of having free time if you just stay at home all the time? Why don't you explore the world with all your free time?

Reality is that your time is worthless if you don't do anything with it.

I don’t use TA only price action and watching the level 2 like a hawk. Level 2 being order book and time and sale
1 hour chart
Only crypto. The regulations in boomer stocks are unbearable and offer less leverage
Possibly never know
I only trade USDT pairs. BAT,ADA,TRX,IOST,IOTA

I live abroad in a very cheap third world country but I’m originally from the US
Also XLM and VET

You can never fully calculate the bottom of a move. But you can hawk eye the time and sale and use it to determine bottoms but that is a visual indicator you need lots of practice with to be able to pull off

No I don’t compound my winnings. That would increase risk far too much. I use my gains to fund my lifestyle and to save money in my bank account. I keep a solid 1k trading account and I take 1-3 trades per day that can lead into anywhere from 10% to 90% gain depending on how long I hold out. A lot of times I just sell around 10% gain and wait for the next trade to decrease market exposure risk. Compounding gains will lead to an inevitable loss due to greed. One big loss with compounded gains could be catastrophic. Don’t get greedy and withdrawal your gains

you only use 1 exchange?

I have accounts on all exchanges bybit, BitMex, Binance, ocean ex, bittrex and more. But I only use Binance now due to decent leverage and many USDT pairings.

Also Binance has a fair fee structure except for the fact they charge for limit orders but it’s still cheaper than most exchanges. 0.04% for market order and 0.02% for limit order

I have nothing against you. The problem is that when this thing stops, what do you do?

Crypto will probably never stop but even if it does I can easily trade forex

If I were you I'd slowly try my hand there just in case
Why not use your money to pay for some qualification?

Forex is the exact same as crypto. If you can do one the other is simple. Also there’s boomer stocks. All trading is the same. Qualifications are a meme and I’m no longer living in the USA

The thing with building your qualifications, work experience, professional network, as well as your skills, is that these are intangible assets. Let's say you lose everything in a terrible trade, what is left? These people will have a basis to start over with.

I will never lose everything in a terrible trade that’s where risk management comes into play. Knowing when to cut losses and never hesitating to do so is the difference between a good trader and a bad, a profitable trader and an unprofitable trader. Loss cutting is key to success long term

I make pretty much the same amount as you do per day only I'm using more capital ~ 2500-3000. It's the houses money so I don't really care too much if a trade or two go bad, I usually come out with profits if I wait a day or two. (Trading volatile alts on binance.) Also similar strategy to you, I typically have a low risk tolerance and take conservative gains. It adds up, I have 7k in profits over 3 months, and 4k is tethered up in binance savings account.
Impressive how you're doing the same with just 1k.

Hello I see that you strike like a COBRA

Thanks, nice job as well. I’m doing it with only $500 since I only ever use 50% of my account in any 1 trade. I can gain anywhere from 10% to 300% but I mostly just take the gain and run which has saved me countless times and also fucked me hard since I could of made a lot more. I use 30x and it is very dangerous but if things go wrong I just market sell it and eat the loss. I don’t use stop loss due to stop loss hunts

More or less a sniper. Only taking 1-3 trades per day on extremely high leverage

You're right that many people undervalue their time, but conversely, you cannot go off the deep end in the other direction. Being a dirt-poor NEET is a terrible life as well. Sure, you have lots of time, but very little to do with it. Sure, you can consoom content from youtube and torrents, but other than that you're basically just wallowing in your own filth.

The sweet spot is managing to get a job that doesn't consume your life, that doesn't require you to take your work home with you, that ideally has flexible hours and can be scaled down if desired, so that you're only working, say, 30 hours a week rather than 40. The dream is to work enough to be financially sound, but not so much that you cannot do anything or enjoy your life.

That’s part true. Except I have plenty to do because I live in a third world country and my little money goes a long way. My rent alone is $350 a month for a 2 bedroom 2 bath room house

not bad, but you could win more daily if you put time into more ta

I've got around 500 dollars, how do i get into this?
do you have guides or something?

>tfw got a job in supply chain just before corona started and now im working from home at my parents house making 1k/wk

I don’t have any guides just read the example in the OP and try to formulate similar trades. I’m not selling or teaching anyone because I keep my strategy to myself but I did give a solid example of how I structure my trades in the OP that can 100% be used as a template for you to structure your own trades based on my trading Philosophy and methods. Most of my gains comes from experience From trading the market for a long time.
You can always win more but that’s not how you become rich. Greed will get you liquidated eventually