I think I'm gonna make it :)
Started 3 years ago with $1.2k
Made $45k total trading shitcoins.
Learned about margin. Lost a little before I got it, then all-inned and made pick related.
Now I'm gonna sit in ETH and XMR for the next 2 years and pray to Vishnu that the stock to flow is correct. Been great biz, can't wait to tell my boss to go fuck himself when this hits $1m.
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How did you learn to margin? Did it just click one day or did you study on it? I wanna know if its better to margin or have an iron grip til the end
I got lucky. Don't fuck with high margin. I did very conservative trades with low margin.
>313k
>still doesn't know how to use night mode
not going to make it
fake and gay
I'm working wages and pounding out ridiculous hours every week. I'm working myself to death. I have like 10k in debt. I have shit credit. I've recently decided that I need to stop being a pussy and change this shit. I've tightened up my budget. I'm getting my bills paid on time and should have about 10k saved up in the next few months. Any advice you can offer?
good job mate
margin trading tl;dr for a poor pls?
are you me?
just getting loans from broker and using that money to invest. simple
DUDE IT LOOKS LIKE YOU'RE GONNA MAKE IT
I'M SO HAPPY AND PROUD OF YOU MY WONDEROUS FREN
PLEASE ACCEPT MY CONGRATS FOR YOU ARE SO SPECIAL AND SO COOL YES
GOD BLESS!!!!!!!!
This but unironically.
how did you teach yourself to day trade shit coins to begin with? resourses for a beginner lad?
congrats lad
For me it was some posts on Zig Forums a few months ago. Advice was basically to check new listings on CoinGecko at least once a day and follow every link and thoroughly research all of them. Check for:
1. Website and Twitter account (both that they exist and that they're not half-assed Pajeetspeak
2. Low market cap (
thanks mate
What does #3 mean? Prospective buy in?
Vitamin is retarded , ETH will crash
To add to that, if you want to get in before CoinGecko, it requires a much shorter timeframe and the use of a diverse toolkit. The Trendering dapp is useful as a live feed of what's hitting both Uniswap and the Ethereum blockchain as it happens, with some automated scam indicators readily accessible. For charts, you're looking at Dextools, as laggy as it is. Finally, lurking Zig Forums is quite useful. The coins you want on Zig Forums are the ones that show up in a single thread, get four replies, and fall off the back of the board.
Make sure you have an exit strategy, too. Don't just hodl to the moon; take profits at set multiples of your buy in.
Ensure the amount being actively traded, and the liquidity available in Uniswap, is at least ten times the amount you want to buy.
thank you friendo
doesn't anyone read bitcointalk's altcoin announcement board any more? surely that's where the real money is at. i personally was in the fucking ethereum presale thread and decided not to buy. i could have been a billionaire.
which exchange do you use, particularly for newly listen coins? im aussie so I use coinspot but have a binance account too.
All of this is for ERC20 tokens on Uniswap. By the time it hits a CEX it's too high cap for me, though I'm learning more about technical analysis and swing trading to try to be more efficient there.
also, how much money do you make a day trading? you sound reasonably experienced
>you sound reasonably experienced
That's an illusion. I've been out of the game for the most part since 2015 and I've had to start from near zero, having got into it again earlier this year. I'm still slowly moving my old PoW shitcoins to the Ethereum blockchain, so I don't really have a huge stake to throw around.
My shitcoin gambling stack is like 6-8 ETH. I'll throw 0.1-1 ETH down on a few shitcoins each like this. Most days I scrape by with like $100 in profit, every now and again I manage to strap onto a moon rocket and make a few thousand. I'd be doing better if I hadn't started chasing yield farming and tied up capital there, but it seemed like something I needed to learn about.
okay so you just chuck a small amount of money in and sell when? once it hits the major exchanges hoping its gone up enough by then to take profit?
(sorry if this sounds naive)
also which wallet do you use to put your new erc20 tokens on
How often is it unprofitable or a loss? when do you get out at a minus?
I look at how long I expect the token to rise in value vs. stagnate and slowly drop, and set profit targets there. With microcaps my conservative target is 2x, but that's bitten me lately when I failed to exit at a 1.6x peak a few times.
Wallet is just Metamask.
Exchanges are nice but this strategy doesn't hold long enough for that to matter. A CEX listing doesn't do much for you unless you have a lot of money to throw around; 1-2 eth buys and sells are fine for Uniswap.
It's a loss maybe half the time actually, but since I usually sell losses at 50% vs the profitable flips sometimes doing 30x it's worked out so far. Bull run casino economics won't always be in play, though.
I'll get out if I'm seeing red flags pop up in the Telegram, or if I think the target audience for a token is tapped out. Or if I think it's got a few cycles in it on a general upward trend so I can swing back in later. DESU this is my weakest skill and I need to get better at it. I'm a massive retard so if I can profit in this market, anyone should be able to.
a single thread on biz during early 2018 where some user shared his tactic and everybody was calling him a complete retard
don't sit out of defi, it's way easier than margin trading
don't count out btc
wtf am i doing someone help
etherscan.io
stuck pending and i have no eth to speed it up
I pray to Vishnu and Satan your shitcoins grow 7000% bro! Best of luck and early retirement bro!!!
thank you sirs