Thread 60959690

I'm a 20 year old NEET who got into day trading 2 months ago. Is it possible to make it with prop firms? Or am I missing things? Should I go back to wageslaving but only be scheduled after market hours? What would you guys recommend? Please... I ask for your advice in a trying and important time. Thank you.

>>60959690 (OP)
I make 140k and don't see a way to actually make it I can't imagine being a neet

>>60959690 (OP)
>I'm a 20 year old [naive gullible dumbass] who got into [gambling] 2 months ago
its over for you anon
just go put the fries in the bag

>>60959690 (OP)
You need income to day trade

get to 1 BTC as soon as you can and you will have 10M in 15 years maximul

>>60959703
Yeah, fair enough. I do have a YouTube channel but it makes like 30 dollars a day lmfao.
>>60959711
Well, ah shucks, fair enough. I just want to hear your perspective on why it is. What would you recommend instead?
>>60959717
Yeah, I'll probably go get a job or smth.

>>60959703
I am NEET

When you have nothing you lose, you can afford to take big risks. Nobody goes from poverty to wealthy by being pussies

>>60959771
I've been having nothing to lose. I'm 1600 in debt bro...

Which 20 year old isnt NEET?

>>60959690 (OP)
1. Learn technical analysis
2. Learn candlestick chart patterns

This is just the tip of the iceberg but will require a lot of your time and energy. You need to understand day trading isn't a get rich quick scheme and a majority of ppl who to day trade fail. Use AI to figure out what trading strategy is best for someone in your situation instead of thinking day trading is your only option.

>Should I go back to wageslaving
Yes? Save your money, be smart. You're young if you seriously want to day trade make it a long term goal. Read & study and learn from successful day traders not the random idiots (no offense) on 4ch.

>>60959690 (OP)
You need a day job because you will wreck yourself more than once learning how to trade. Also you need a steady cash flow to add capital to your stack. If I could do it over I might become an electrician or a plumber. It's important to work when you're young. It helps build your network. All the real niggers on my roster I met through work.

>>60959850
I have never worked.
I agree with the income part.
>>60959717

>>60959850
Definitely wrecked myself but only twice. lmao.

>>60959690 (OP)
>he thinks people are making it by trading
Get off social media bro. Only people who make it are people who own products/services to sell to normies.
>t. product owner

>>60959690 (OP)
Looks like the Flintstones house once Fred gets his payrise

>>60959907
what product? i'd like to invest in your publicly traded company please

>>60959816
That book is solid but the rigid technical rules outlined on technical patterns are very outdated.

>>60959755
>Yeah, fair enough. I do have a YouTube channel but it makes like 30 dollars a day lmfao.
Ai slop or whats your niche

>day trading
its a meme, i don't even understand how people get deluded into thinking they can do it, who psyopped you OP?!

>>60959980
>its a meme
How come?

>>60959988
figure it out dumbass

>>60959816
Okay thank you. I do know some of the basics and I have had one funded account passed pretty recently, but I blew it like a dumb dumb :( But now that I know I can do it, I'll go back into wageslaving to pay off my debt, reset combines and stuff.
>>60959958
It's Minecraft But... videos. It has potential since I grew it to 30k off of a trend that is like 4 years old. But, its like stagnant now. I have had videos that did 700K, 500K and 200K though.

>>60959755

>hear your perspective on why it is

Let's say you can do the impossible and get at 1% return every single week. A $1,000 investment would make you a trillionaire after 40 years. Not happening, but let's just assume you can do that, but it takes 40 hours of market research and analysis to achieve this. If you only have $1,000 to invest it means you're making $10/week in gains, earnings 25 cents per hour. $10,000 invested? Great, your S-Rank magic power earns you $2.50 an hour. It's not until you have $100,000 can you start to earn what a McDonald's shift manager does. At a million invested your magic power earns what the median software engineer does at Google.

Actively managed investment is a gargantuan waste of time unless you're already incredibly wealthy. Even if you had superpowers it wouldn't matter until you had saved a million dollars.

>>60960014
So what would you recommend instead?

>>60959980
>>60959907
I day trade. Go to /smg/.

>>60960014
I made a 40% return in 5 months already.

>>60960022
How long did it take for you to become profitable?

>>60960027
Like 10 years.

>>60960027
Not “10 year to be profitable” but blew up account a few times. So now its year 10.

>>60960027
You need high income lol. Ask your parents for help.

>>60960020

Earning money. Even if you had magic powers your time is better spent working and earning.

>>60960025

How much did you have invested, and how many hours did you spend? Even when you get lucky your time would have been better spent working overtime.

>>60960102
Only 100k-ish. Lost about 60k too. Parents give me money. The more I make, the more they give me.
However, I have been trading for almsot 10 years and yes, you need
>income
income to fund your account and to live off of.
>>60960102
> Even when you get lucky your time would have been better spent working overtime.
I dont work. Money works for me.

>>60960102
Im not working class, bro.

I'm going to throw the newfags a bone and save you all a lot of time and heartache assuming you read and listen to my post, because there was a time I was where you are, we all were there even the most demoralized ancientfags that are so mind broken that the only thing they do is spam apus and wojaks to fud their own investments. Also im taking a shit and bored.

It al depends on how much money you have starting out. The less money you have, the less you are worth, the higher the risk you will need to take and the more sacrifice you must endure. The only way to get around this is to make conventionally terrible choices that have an equally high payout. Traditionally what that implies would be things like lottery tickets, actual gambling l, high leverage, etc. The less money you have and the faster you want to make it the more you will be leaning into gambling territory. Conversely if you have a lot to start with, say 6 figures, you can make relatively risk free choices and wait about a decade.

This is the reason why most anons gravitate towards either leverage trading or crypto, it poses the best risk/reward ratio with a moderate amount of luck to actually make it. I personally recommend accepting the idea that if you weren't born into a wealthy family then spending the first decade of your life practically living like a slave to save up money and put it in the bottom of crypto currency cycles in decent projects is the most secure and fastest way to make it within about an 80% probability. That is to say you should live off rice and beans for the better part of a decade, AVOID WOMEN, and work a decent job cutting all costs possible. Can you endure living with parents? Great do that. Only invest in crypto when everything is dead 2-3 years after bull market ends, etc.

Almost nobody will do this though, if you feel VERY lucky I would suggest gambling on shitcoins, high leverage or options trading, etc until you make 100k and then swear it off

“I am not working class, bro,” he said proudly

>>60960102
Let's just say I gave you $500,000. What would you do with it?

>>60960123
> Can you endure living with parents?
What do you mean “endure?”
Lmao. Picrel is why the rich get richer.

>>60960127

I look at what the actively managed funds are invested, cut the ones I think are stinkers with unsound business models, and sell covered calls. Maybe once or twice per year I'll gamble 1% of my balance on something that I have information about. Back during the 2008 crash it looked like Sirius XM wasn't going to be able to refinance a 10 year bond and was at risk of bankruptcy. I contracted with a call center that handled customer service calls and did some digging into their accounting. The cost of a satellite launch is very expensive, far more than what the satellite itself cost. They deducted those costs early for the tax benefits, and so their balance sheet mostly just reflected the value of unlaunched satellites. Because of this, I knew the company was in a better position than their books might indicate. They wouldn't go tits up, worst cast they would sell off the launched satellites at the post launch price to someone like EchoStar or Dish Network. Bottomed at just over a nickel per share, went all in for $2,000, knowing it was a gamble. I just felt like I had an edge and wanted to live life on the edge.

It's gambling. If you want to make life changing money you need to treat it as such. A small number of very infrequent bets that only happen when you feel like you've got some sort of overwhelming informational advantage.

>>60959690 (OP)
Day trading is always a bad idea if you don't have insider knowledge.
You want to know the most efficient way to "beat the market"? If you figure out a method for copy trading a US senator, i.e. predicting what trades they make (they report their trades ~1 month after) you will double your money year after year.
It's the same with crypto markets, unless you bought a shitcoin at under $25k and know every single person involved in its marketing and creation you're not going to make money. If you're OK making money from desperate third worlders from Brazil literally pouring their life savings into cartoon frog memes and subsequently killing themselves when one of your "friends" rug, then go ahead. That actually happened, by the way.
The third of the main three is roblox. Find what's trending on the Roblox "experiences" and build a couple of copy/paste experiences based on that. Alternatively pick some semi-dead genre and make something decent but that requires effort. You make money by selling admin and some other bs. It's easier to "get lucky" than you think, most people just aren't cynical enough. Ethically this is the absolute worst of the three of course, you are scamming kids. But it's also the most lucrative.

You will get people telling you to "just get a job" but depending on your circumstances and your appearance that isn't always an option. ~60% of managers are complete niggers especially on min wage. The job itself is irrelevant, the people are usually shit and 90% of any job is just dealing with people. Personally I could only do it for so long before I got over my hangups and went back to what is essentially scamming. I still feel bad about it but I remember how I was treated at my min wage job based on my appearance and realised this world is owned by curly haired jewniggers.

>>60960221
> still feel bad about it but I remember how I was treated at my min wage job based on my appearance
How were you treated? Its a min wage job. What you expect?

>>60959703
doing what? I am 33 and have no career

>>60960248
I am 33 and no “career” too kek

>>60960234
Basically I have untreated scoliosis, am (according to school psychiatrist) dyspraxic with bpd. Eye and hearing problems also can't speak properly as I haven't verbalised a coherent sentence I think since I left university. Dental problems also cause me to overproduce saliva basically so I also sound retarded. When I went to the job I didn't go outside in over 7 years before that. I am also mixed race irish, african and indian which gives me a retarded like appearance (you ever seen an albino african)?
They basically assumed I was retarded. Objectively it worked in my favour, the cunts typically either get fired eventually or are self controlled enough that their narcissistic outbursts don't matter. Just didn't like being treated like trash, don't really like doing shady shit either but you deal the cards you've been played.

>>60960277
Okay. If this was reddit and before I would get banned, I would say to you “why do you think you deserve a high pay if you have so many disabilities?”

>>60960307
I never said I deserve a high pay? Pay wasn't the problem, dealing with other people was.

>>60960277
So why do you deserve a high pay if you have so many physical disabilities?

>>60960327
Why do you deserve to live if you have dark skin?

>>60959690 (OP)
People here are gonna tell you to buy dog coins. But the real answer is get a solid job
Keep your expenses low
Invest the excess into a leveraged ETF
Buy and hold.
Repeat until you've made enough to cover your annual expenses x 25
Retire on the 4% rule or keep working.

>>60960323

It's an AI trained on shit posting. It's why it shitposted in response to itself here >>60960124

Almost no real traffic on this site.

>>60960348
I fell for what is probably qwen3 4b finetuned on 4chan shitposts
maybe I am retarded after all

>>60960022
>>60960031
>>60960033
>>60960044
exactly

>>60960254
it's not funny anon, we are unfortunately fucked

>>60960442
see
>>60960348
for reasons beyond my understanding someone has set a demoralization spambot upon /biz/, it's not a real person

>>60960346
Alright, sure. Do you think going for an IT job with a COMPtia is worth it?

>>60959690 (OP)

you're unlikely to make it from trading alone. and even if you start to make gains, you'll realize quickly how little they mean without a steady income.

get a good job. invest early. invest in a variety of risky and safe things. whatever you do, don't blow early gains on stupid shit. you need that money to make money.

do these things and you'll be a baller when you're 35.

>>60960499
Sure. Check out local job listings. Does that meet the requirements? Does it pay well? Is it stable?

>>60959690 (OP)
>What would you guys recommend?
buy gold mining stocks

>>60959690 (OP)
prop firms are alright to learn & get cheap leverage. i recommend tradefundrr its the only prop firm i know of that will pay you from simulated profits and you dont have to pass a retarded evaluation thats meant to keep taking your money.

you're new so you just need more time in the markets to make mistakes, experience different market environments, and learn if you're built for it. if you actually like trading its a great path to wealth but unless you're trained by a successful trader it will be a long path before you make big money. dont limit yourself to "day trading" think about trades in different time frames & explore different styles. every normie with a 401k/IRA is technically a trader but their trading time frame is 30-50 years.

unless you do well on prop accounts early and build capital this way you should prob get a job since capital is the most important aspect. i recommend dividing your money two accounts, one where you buy & hold stocks/ETFs "forever" and one where you do your trading strategy. if you can outperform the buy & hold account over months and years you've got something thats working.

ill give you two rules to follow in trading; 1. always manage your risk, you cant play the game if you blow up so just stay in the game. 2. be consistent in your trading, try to take as much randomness out of your actions as you can control. finding something simple and repeatable that works most of the time is enough to make millions in a lifetime, you dont need to do complicated shit to make high profits. many start from where you are now but 99% quit before 2 years of trading because they cant control their actions or emotions. even the best traders only win 40-65% of trades. good luck faggot.

>t. professional futures trader, 5.0 sharpe ratio

>>60959703
I make slightly more with decent investments/paying off my house ect. I feel like it's over for anyone who makes less than 60k a year. Most people are not retiring so why would I?

>>60959690 (OP)
>Should I go back to wageslaving but only be scheduled after market
Are you dumb

Daytrading isn't real, you fucking retard. Bet you're making as many bad trades as good ones. You take your wagiebux and plop them into tokens which are specifically created by former or current coinbase employees when they launch- like avantis or aero or definitive edge- or you go to /smg/ and find a smattering of memestocks, miners and 3x letfs to steadily increase your bux.

Then you might get lucky a few times and 6-14x your money in a single good investment. Like Opendoor stock, ran from 50 cents to 11 dollars over 3 months.

If you're only 20 it means you can work your balls off for 5 years and dump all that cash into good investarinos and then at 25 go to thailand and have sex with ladyboys. Easy.

>>60959690 (OP)
Get a job you like or at least tolerate. Then sperg out on growth stocks and buy otm calls. The regular paycheck gives you the ability to go deep on the risk curve. Call expires worthless? No problem I've got a paycheck coming. Maybe it's survivor bias but that's how I did it.

>>60959703
I make a similar amount and I agree. The best I'm hoping for is a comfortable wageslaving life and maybe being able to retire a lttle bit early

Don't know how people people on less than 80k cope.

>work as a special police forces zogbot in my country
>get paid 1.7k euros for working less than 20 hours a week, training which is working out and shooting guns is considered work time
>can show up and leave whenever the f i want with the caveat of being on standby 24/7


I have literally won the game of life

>>60961116
Cool. So low iq. Grim.

>>60960755
Ok, I mean I've passed the Topstep evaluation and I was in like such a good state of mind. I would go in and make like 500 dollars. And if I lost even once, I would get off for the day and lockout. But then, as soon as I got the funded I went full retard mode and spiraled. I could reset it for 500 and go straight back to funded but I'm waiting for my YouTube payment to come in. What do you think? I think I have potential to become profitable I do indeed need to control my emotions.

>>60959947
Any alternatives?

>>60962672
sounds like a money psychology problem, once you got the real money account you went full retard. its all just numbers on a screen, its not "real money" until it hits your bank account. focus on making the number go up week after week & learn from your losses but dont let them affect your next trade.