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I don't do this, but there is a place without any rules, 24/7 trading, wild volatility, and tons of dumb money. This place is cryptocurrencies. Supposedly it's
by seibelj 9y ago
I don't do this, but there is a place without any rules, 24/7 trading, wild volatility, and tons of dumb money. This place is cryptocurrencies. Supposedly it's a lot easier to trade in these markets, less competition, less money needed. I used to laugh at my brother, but he turned $20k into $300k, so it is possible.
- nradov 9y agoSome people also turn $20k into $300k by playing the lottery.
- bubblethink 9y agoWell, crypto markets have much better odds than the lottery right now. Even without understanding the nitty gritties, if you just diversify in the top 10-20ish coins, and set sensible stop losses, you are in a very good position to come out ahead.
- nradov 9y agoThe Dutch tulip bulb market also had great odds in 1635. How did that work out? Stop loss orders are ineffective when markets lose liquidity and experience sharp price discontinuities.
- bubblethink 9y agoThat was an interesting read.