TheMewingBBC MONEYMAX MEGATHREAD

[Ethnicope]

highest quality post on the forum

 

[eduardkoopman]

I like to add to the mixx .
Flipping goods. Some people are really good at buying stuff cheaply (mainly 2nd hand stuff), and negotiating a good sell price.

 

[lemonacid]

high effort

 

[TheMewingBBC]

Holy shit, almost 60 likes. Right now this is the second most-liked post on the whole goddamn forum that what's up

Got some more helpful sources I bookmarked during the past month


STOCKS/OPTIONS/
STOCKS (educational sites, risk management, terminology, etc)

/biz/ - /smg/ stock market general - Business & Finance - 4chan

/smg/ stock market general - "/biz/ - Business & Finance" is 4chan's imageboard for the discussion of business and finance, and cryptocurrencies such as Bitcoin and Dogecoin.

boards.4channel.org

ALMOST EVERY OPTIONS STRATEGY IN THE BOOK

Option Trading Strategies | Option Strategy - The Options Playbook

40 detailed options trading strategies including single-leg option calls and puts and advanced multi-leg option strategies like butterflies and strangles.

www.optionsplaybook.com

DUE DILIGENCE/RESEARCH AND
FUNDAMENTALS
HOW TO DO YOUR DUE DILIGENCE AND RESEARCH ON STOCKS

Due Diligence in 10 Easy Steps

Learn how due diligence offers key information for potential investments. Find out how these 10 important steps can give you a balanced views of pros and cons of your investments and allow you to make a rational, logical decision.

www.investopedia.com

FACTORS IN FUNDAMENTAL ANALYSIS AND TOOLS

Fundamental Analysis of Stocks: What is It and How is It Done?

[wp_ad_camp_1] You often hear news about Warren Buffett and stock analyses based on a fundamentalist’s perspective. But what really is it? How do stock market advisers determine which stocks to buy and sell? Whether you are preparing yourself to be an investor, a stock analyst, or someone who...

financeandcareer.com

The Top Tools for Fundamental Analysis

Fundamental analysis relies on these tools to give investors an idea of the financial health of a company and how the market values the stock.

www.thebalance.com

Also before the end of this year, I will be making a part two to this. Since this thread focused on maximizing money through employment and investing, part 2 will focus on the business and self-employment aspect, completing the rich dad poor dad quadrant

In it, I will be aiming at growing a business using the fast lane approach,
tips and methods on coming up with business ideas and how to make money off it without starting an actual business,
finding other growing businesses and how to get involved in it,
and how to climb up a business, company, or workplace from employer to a position of power.

Also, I will further dive into other e-commerce methods that aren't as saturated as the ones I posted and how to spot profitable ones on your own (Amazon FBA isn't all that saturated but oh well fuckers, keep complaining till it actually does get saturated, losers) and how to do seed/startup investing with low capital and spotting unique and niche startups

 

[Gonners]

I'm still New here but this is by far the best post here Ngl, honorable mention for the heightmaxx one and the face puller one too

can you link me to the exact face puller post you're referring to?

 

[BackFromTheMogging]

can you link me to the exact face puller post you're referring to?

Yup

HOW TO PULL YOUR MAXILLA FORWARD [DEFINITIVE GUIDE]

DISCLAIMER: I'm not a doctor, I'm not an orthodontist, I'm just a random guy on the internet with a slightly recessed maxilla. You're personally responsible for your choices, actions and results, this guide is for informational purposes only...

looksmax.org

 

[TheMewingBBC]

STOCKS FUNDAMENTALS
(finding the real intrinsic value of stock and taking advantage to make potential profit if found to be undervalued)

QUANTITATIVE ANALYSIS
Analysis by the financial statements of a company (its value). Examples of the type of financial statements include

• Income
• Cash Flow
• Balance Sheet
• Debt to equity
• 10Q & 10K

The website below offers quantitative analysis. It comes with a cost, so if you're not ready to pay you can simply take advantages of the two weeks trial and make an account every 13 days

Simply Safe Dividends — Proven dividend tools and research

simplysafedividends.com

If you want to learn it manually, here's a thorough book that even Warren buffet himself used

https://www.e-reading.club/bookreader.php/133361/The_Intelligent_Investor.pdf

QUALITATIVE ANALYSIS
Analysis by elements that contribute to the overall quality of a company (A company's quality)

If you live in a western country, here's a website you can access for free at your local library for some reason

Morningstar | Empowering Investor Success

Our independent research, ratings, and tools are helping people across the investing ecosystem write their own financial futures.

www.morningstar.com

Can't find a free pdf but if you're interested on thoroughly learning qualitative analysis get the book ”One Up on Wall Street”

BONUS TIP
Try to avoid course or paying for advice on getting the best stocks, you're better off getting advice from a monkey, LITERALLY LOOOL!!

How hedge-fund geniuses got beaten by monkeys — again

A blindfolded monkey could manage your portfolio better than a well-paid hedge-fund manager, says Brett Arends.

www.google.com

Any Monkey Can Beat The Market

Give a monkey enough darts and they’ll beat the market. So says a draft article by Research Affiliates highlighting the simulated results of 100 monkeys throwing darts at the stock pages in a newspaper. The average monkey outperformed the index by an average of 1.7 percent per year since 1964. [...]

www.google.com

CRYPTO FUNDAMENTALS
The best way to find a huge profitable coin to hodl (hold on, dear life) is to understand blockchain, bitcoin, Ethereum’s platform and the pros and cons of Bitcoin and ethereum and other top ten coins like ripple. Buying altcoins with strong fundamentals could 10x-100x to even fucking 1000x your money. An altcoin with good fundamentals usually maintain or improve the pros of the top ten coins like bitcoin and ethereum while lacking cons of their own. Examples of good fundamentals in crypto:

-stable privacy

-faster transaction speed

-innovative and programmable platform for developing apps, smart contracts, and other crypto

-fast international money transfer speed

-great scalability

-secure, no vulnerabilities

-solid team behind project

-adoption and ubiquitous; accessibility

-unique, lack of competition

-small transaction fees

 

[SMVbender]

I lost money in runnescape flipping most of the time when I was kid

now I am scared of this kinda shit

i got only 200euro anyway.

 

[Pendejo]

I will conclude this thread with some motivational HIGH T BBC songs.

Kendrick Lamar - Money Trees (Feat. Jay Rock)

enjoy

m.youtube.com

Drake - Started From The Bottom (Explicit)

Music video by Drake performing Started From The Bottom (Explicit). ©: 2013 Cash Money Records

m.youtube.com

Gucci Mane - I Get The Bag feat. Migos [Official Music Video]

Gucci Mane - I Get The Bag feat. Migos Mr. Davis out now: https://Atlantic.lnk.to/MrDavis Get exclusive Mr. Davis merchandise here: http://smarturl.it/MrDavi...

m.youtube.com

Nipsey Hussle - Racks In The Middle (feat. Roddy Ricch & Hit-Boy)

Stream + download RACKS IN THE MIDDLE https://NipseyHussle.lnk.to/RITMID Directed by Sergio https://www.instagram.com/directedbysergio Film Scored by AVAA Vi...

m.youtube.com

 

[Deleted member 685]

I can garantuee you nobody did anything of this because all of them require a good amount of time to learn before you should even BOTHER MAKING MONEY WITH THEM

This is why I'm just so glad I"ll have 4 years for my computer science class and have everything learnt once I major

 

[TheMewingBBC]

I can garantuee you nobody did anything of this because all of them require a good amount of time to learn before you should even BOTHER MAKING MONEY WITH THEM

This is why I'm just so glad I"ll have 4 years for my computer science class and have everything learnt once I major

Their loss. Since I made this thread, I have better understood two new areas (option trading and Airbnb flipping) and made five figures from one of them (options trading.)

I will admit I do feel like this thread was a waste of my time making, if people here really needed a way to make money, they would have already find tons of means to make them or a least secure a job that will get them to their goal.

Good luck on your goal too bro

 

[Deleted member 685]

Their loss. Since I made this thread, I have better understood two new areas (option trading and Airbnb flipping) and made five figures from one of them (options trading.)

I will admit I do feel like this thread was a waste of my time making, if people here really needed a way to make money, they would have already find tons of means to make them or a least secure a job that will get them to their goal.

Good luck on your goal too bro

Thanks alot and good luck on yours too man. And yeah if you really want to get the money it can happen. I'm planning on eventually learning some of those skills now but I'm starting with some now programming languages at school so it'll be tough

 

[Moneymaxxed]

DIRECTORY


INTRO

This is my beginner’s guide to moneymaxxing. These are some of things I’ve learned and bookmarked over the past months to use to increase my bank account digits . Feel free to post some moneymax knowledge of your own down in the replies. Whether you plan to save for the surgeries that you want or to live hedonistic lifestyle you always dream of, here’s a pretty good guide to get started

DISCLAIMER: I’m not trying to advertise by posting links and referencing sources. It’s funny that I need to address that
Also $=7,500 or less $$= 75,000 or less, and $$$=over 75,000

WAYS TO INVEST
-FOREX
Layman: basically taking advantages and making profit off of rises and dips in currencies’ value against another, with the help of margin trading, you be able to leverage position worth $100k with just 1-3k

Skillset: Develop your skills on this godsent site called babypips.com Its way of teaching mimick the America 12 year education program, starting you from preschool (intro) to high school (sentimental and fundamental trading, you will by then master technical trading prior to this.

Learn Forex Trading With Babypips.com

Learn How to Trade Forex. Babypips.com Is The Beginner's Guide to Forex Trading.

www.babypips.com

Minimum capital required:500-3k
Potential profit: $-$$

Additional Note: If you can make money on forex without learning through an automated trading software from someone you trust or copy trading of top traders. But I highly recommend trading manual and learning the skill for yourself

-CRYPTO
A)STACKING/HODL: To buy and hold cryptocurrency. One does this when he feels the value of a crypto will go. Best places to learn what coins are the best bet for hodling are bitcointalk, 4chan finance, and r/cryptocurrency as many accurate predictions about potential 10-100x coin from here were found. Capital requirements and potential profit varies.
Recommendation: Buy quantum resilient coins like IOTA and QRL, some low supply coins in the top 100, and some bitcoin wouldn’t hurt.

B)DAY TRADING: Margin trade coins on platforms like Bittrex and PrimeXBT. Here are some technical analysis patterns to help you with trading

How To Read Crypto Charts?

In this article, we will go over the key concepts you need to begin your journey into technical analysis. Once you understand these basics, you'll be able to read crypto charts like a pro!

blockgeeks.com

Video Guide: How to Read Crypto Charts Part 2

Video Guide: How to Read Crypto Charts Part 2 Make Sure to Check Out Part 1! Learn about Bitcoin, Ethereum and so much more! Check out our expert guides on blockchain technology and cryptocurrencies.

blockgeeks.com

The Blockgeek site is a huge source to learn almost everything about cryptocurrency. I recommend it for those who wish to max out their crypto knowledge, it’s six dollar a month

C) ICO, IEO, STO FLIPPING: to purchased coins in it initial offering stage where it’s usually the cheapest and to sell during the period it hit the exchange or when it more available to the masses. Coins usually increase in value when the demand increases, and exchange adoption of course contribute to higher demand this higher value. To flip is to use both the profits and initial investment from one offering as a whole initial investment in another.

ICO vs STO vs IEO - Freewallet

What's the difference between ICO, STO and IEO? Got confused? We are here to clear this up in our thorough guide.

freewallet.org

-REAL ESTATE
A)FLIPPING: to buy and fix a property and sell it for a higher price
Minimum Capital Required: $-$$$ (one can obtain a property without spending a fortune through government auction, tax liens and inheritance)
Potential Profit: $$-$$$

B)WHOLESALING: earning profits by the process of selling contracts (which states your ownership to the property and your right to give it to another buyer; assignment or double closed) with a distressed seller to a cash buyer
Minimum Capital Required: $ (not more than 1k tbh)
Potential profit: $-$$
Get this free ebook that thoroughly breaks down each step in completely a wholesale deal. It teaches overturning objections, determined a property value, etc
[ISPOILER]

Get Your FREE eBook!

fliphousesbook.com

[/ISPOILER]

C)RENTING AND LEASING: to finance a property from a seller below or at the market value and make cashflow from renting it out to tenants.

Skillset: All further info and guide can be found on MYREIPRO AND PROPSTREAM. Both are the top smart real estate investing software that aids users in finding properties information and contact for wholesaling, flipping and R/L deals. I also recommend joining a club to network and possibly find an already established investor that need an assist and get paid

[ISPOILER]

REIPro - Powerful Real Estate Investing Software

Discover the power of our real estate investing software, designed to maximize profits and unlock new opportunities, for beginners to seasoned investors.

www.myreipro.com

[/ISPOILER]
[ISPOILER]

PropStream Real Estate Investment Software

PropStream® is the most trusted provider of real estate data nationwide. We empower real estate pros with data, built-in tools, and marketing solutions.

www.propstream.com

[/ISPOILER]



-STOCKS, MUTUAL, STARTUP INVESTING
A)DAYTRADING:



1) Options and 2) Divendend investing



B)MUTUAL FUND INVESTING

How to Invest in Mutual Funds - NerdWallet

To find the best mutual funds for your portfolio, you'll want to decide what type of funds match your goals, choose a brokerage account and research your options, being careful to consider fees.

www.nerdwallet.com

C)STARTUP INVESTING (tb 100%h if you ever wish to become a millionaire, I recommend you develop a keen eye for spotting profitable startups)
How to get started:

Investing in Startups Without Being Wealthy

Examining ways for the average investor to buy a stake in early-stage startup companies.

www.thebalance.com

-E-COMMERCE
A) AMAZON FBA
Minimum Capital Required: 2k-5k
Potential Profit: $-$$$



https://m.youtube.com/watch?v=5Apnc2DTksc&list=LLYCBQ_YKbzPSO_JQVALguNw&index=11&t=1244s

https://m.youtube.com/watch?v=yqf_bxNyEeQ&list=LLYCBQ_YKbzPSO_JQVALguNw&index=9&t=0s

https://www.junglescout.com/wp-content/uploads/2018/07/How-to-sell-on-Amazon-2018-The-ULTIMATE-Guide.pdf

B)DROPSHIPPING: Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers the customer orders and shipmentdetails to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. With this e-commerce method, the retailer hardly loses money
Minimum Capital Required: $
Potential Profit: $-$$$

What is Dropshipping: Dropshipping 101 for Beginners

What is dropshipping? We cover the pros & cons of dropshipping plus the margins, risks & profitability of drop shipping in 2021 and beyond

www.abetterlemonadestand.com

Shopify Tutorial For Beginners - How To Create A Shopify Store From Scratch

Get a FREE 14 Day Shopify Trial: http://tobiawilson.com/shopify This is my shopify tutorial for beginners. In this video I'll show you how to create a shopif...

m.youtube.com

COMPLETE Shopify Tutorial For Beginners 2021 - How To Create A Profitable Shopify Store From Scratch

Ecom Freedom Shopify Course (75% OFF + Lifetime Unlimited 1 on 1 Mentorship): https://www.ecomfreedom.com/shopifyShopify (Exclusive Free Trial):https://www.e...

m.youtube.com

There are other e-commerce business models like white label, private label, contracted manufacturing. I have little knowledge on those concepts and put out the top two that seems to involve less effort than any other model. For those seriously into moneymaxxing I suggest to not stop here and learn other form of e-commerce that will best fit you.

-OTHER MEANS OF CASHFLOW
A)AIRBNB BUSINESS

Airbnb Tips & Advice - YouTube

James Carlson and Erin Spradlin have been investors and hosts on Airbnb for years and they have a TON of knowledge to help you succeed as a host and a profit...

m.youtube.com

How I Make Millions On Airbnb With No Property And No Credit

You don't need credit to build a real estate portfolio. You don't need a mortgage. This real estate hack will let you build a real estate empire 10x faster t...

m.youtube.com

B)VENDING MACHINE BUSINESS

How Much Do You Need To Start A Vending Machine Business?

Start Your Vending Business Today!https://jaimeibanez.teachable.com/p/vendingbusinessHello everyone, in this video i will be showing you where to buy used ve...

m.youtube.com

Starting a vending machine business from home

Get your cheap gumball machine here: https://bit.ly/2RpO5ylSubscribe to my friend to learn more about the vending machine business: https://www.youtube.com/...

m.youtube.com

C)ATM BUSINESS
Minimum Capital Required: $3k+ ATM financing
Potential Profit:

How To Start An ATM Business Step By Step In 2019 For Beginners

How To Start An ATM Business Step By Step In 2019 For Beginners ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Want to work with me directly? Sign up for my mastermind! (ap...

m.youtube.com

DON'T Start An ATM Business Until You Watch This Video!

Purchase Your ATM HERE: https://www.atmgenius.shop/sales-page-372799141584649105747 This video will show you what to look out for when starting an ATM busine...

m.youtube.com

How to start a ATM Business | $3683 Per Month

Have you ever wondered how much money does it take to start an ATM business, its like being a small bank. I think thats idea is very cool. So I’ve decided do...

m.youtube.com

D)Search Engine Optimization (learned this two days ago from a user here so I don’t know much, but for those interested)

SEO Tutorial for Beginners - Step by Step Guide! (+YOAST SEO)

Complete SEO Tutorial for Beginners Tutorial! I'll also be showing you how to use Yoast SEO to optimize a WordPress website.Semrush 7-Day Free Trial: https:/...

m.youtube.com

WAGESLAVING/SALARYSLAVING


-BEST DEGREES FOR THE FUTURE
(FOR THOSE STILL IN HIGH SCHOOL UNDECIDED ABOUT THEIR FUTURE)
[ISPOILER]

The 10 Best College Majors For The Future | BestCollegeReviews

Nursing and data science top our list of the 10 best college majors for the future.

www.bestcollegereviews.org

[/ISPOILER]

• Computer information system
• Chemical engineering
• Medical Assistance
• Medical Technology
• Electrical Engineering
• Construction Management
• Nursing
• Physical Therapy
• Aeronautics and Aviation Technology
• Pharmacology

-BEST DEGREELESS JOBS
(The more the skills, the more the pay. Certain certification is needed for some and requirements vary from state to state and country to country)

• Apprenticeship jobs
• Trades (wielder, electrician, plumber)
• Truck driver
• Forklift
• Construction worker
• Airplane fueler
• Tech sale associates (Apple, T-mobile, AT&T)
• Insurance Agent
• Real Estate Agent
• Claims adjuster
  
  
  Spoiler: Bonus

  . Coder (learn through apps like SoloLearn and Udemy. The studymax tips below should help you learn quicker)

-JOB MAXING TIPS
RESUME MAXING:[ISPOILER]

7 Creative Ways to Greatly Improve Your Resume - LifeHack

Effective Resume Tips To Get The Hiring Manager's Attention

www.lifehack.org

[/ISPOILER]
[ISPOILER]

8 Critical Ways To Improve Your Resume

The authors of 'Modernize Your Resume' explain what to do to make your resume stand out.

www.google.com

[/ISPOILER]

INTERVIEW MAXING:[ISPOILER]

Kennisgeving voor omleiding

[/ISPOILER]
LINKEDIN MAXING:[ISPOILER]

The 32 Best LinkedIn Profile Tips for Job Seekers

Is your LinkedIn profile ready for your job search? If not, get on it with these great tips.

www.google.com

[/ISPOILER]
JOB SKILL MAXING:https://www.glassdoor.com/blog/improve-your-chances-of-being-hired/

PROFITABLE SKILL MAXING:
[ISPOILER]

30 Most Lucrative Skills You Can Learn Online - Online Course Report

Share This PostMoney is difficult. Everyone needs it, but it’s hard to get and keep it in steady enough flow to meet your needs. We made this list of the 30 most lucrative skills you can learn online from the point of view that a new skill to learn puts you in line for new […]

www.onlinecoursereport.com

[/ISPOILER]
[ISPOILER]

20 skills that are quickly gaining traction in the freelance job market — and the online courses to learn them

According to Upwork, these are the top 20 fastest-growing skills for freelancers. If you're looking for a way to gain an edge or remain competitive, it might be time to pick up a few.

www.google.com

[/ISPOILER]




-STUDYHACKS FOR THOSE IN SCHOOL

• Image Streaming
• Freenoting
• Windmilling (the first three can be found explained here http://www.winwenger.com/)
• Feynman technique https://m.youtube.com/watch?v=_f-qkGJBPts&t=8s
• Memory Palace https://m.youtube.com/watch?v=3vlpQHJ09do

METHODS OF SAVING
It’s not very hard saving money, you just got to develop the habit of doing it. If you’re the type to spend money easily it may take time getting adjust but overtime you will find out for yourself how your apprecbenefits of saving overcomes the urges for unnecessary want
[ISPOILER]

How To Save Money Fast | 100 Ways to Save Money | The Simple Dollar

No matter where you are on your financial journey, you need to know that it's possible for anyone to turn their financial life around and start saving

www.thesimpledollar.com

[/ISPOILER]
[ISPOILER]

28 Proven Ways to Save Money - NerdWallet

Save money by tracking your expenses, getting discounts on entertainment, lowering bills and getting savvy with shopping.

www.nerdwallet.com

[/ISPOILER]

MY METHOD: 50/50; 50% of every profit or check goes to your needs and wants and the other half goes straight to your savings, no question asked. (This method ain’t for everybody

FINAL NOTE
Feel free to share some other tips and ideas in this thread.
I’m personally make money of crypto day trading and copy trading on forex. I also have a part time job earning 18 an hour, so with that all together I make around 4K-7k month. Two years ago I was making just 7.25 minimum wage and making around 800 at most per month. If I can improve my income so can you.
In the game of capitalism, the man with the most money, knowledge and connection wins. If you don’t have money maximize your knowledge, skill and connection as much as you can.

I will conclude this thread with some motivational HIGH T BBC songs.

Kendrick Lamar - Money Trees (Feat. Jay Rock)

enjoy

m.youtube.com

Drake - Started From The Bottom (Explicit)

Music video by Drake performing Started From The Bottom (Explicit). ©: 2013 Cash Money Records

m.youtube.com

Gucci Mane - I Get The Bag feat. Migos [Official Music Video]

Gucci Mane - I Get The Bag feat. Migos Mr. Davis out now: https://Atlantic.lnk.to/MrDavis Get exclusive Mr. Davis merchandise here: http://smarturl.it/MrDavi...

m.youtube.com

Nipsey Hussle - Racks In The Middle (feat. Roddy Ricch & Hit-Boy)

Stream + download RACKS IN THE MIDDLE https://NipseyHussle.lnk.to/RITMID Directed by Sergio https://www.instagram.com/directedbysergio Film Scored by AVAA Vi...

m.youtube.com

Thanks for reading
@fobos @Lightbulb @cocainecowboy

I'm legit young new money millionaire and I admire that you're doing all this research and compiling it for all the newbies trying to moneymaxx

Don't recommend the actively trading stocks, forex or crypto though, should prob be removed from the post tbh, 99.9% of people who attempt will just lose money eventually and there are tons of scams in here... especially dangerous with margin

Also dividend investing is shit from a taxation standpoint and no better than just being long the SP500

 

[TheMewingBBC]

I'm legit young new money millionaire and I admire that you're doing all this research and compiling it for all the newbies trying to moneymaxx

Don't recommend the actively trading stocks, forex or crypto though, should prob be removed from the post tbh, 99.9% of people who attempt will just lose money eventually and there are tons of scams in here... especially dangerous with margin

Also dividend investing is shit from a taxation standpoint and no better than just being long the SP500

What your source of income, how did you gain your million?
I mean I gain success in trading, it's the strict mentality that separates me and a few from the rest, I'm aware most people don't have that discipline

 

[Lightbulb]

What do you think about learning frontend/backend shit OP? Is it worth?

 

[RichardSpencel]

i ingested £130 in bitcoin it’s worth £45 now lol.

This entire sentence is jfl worthy

 

[TheMewingBBC]

What do you think about learning frontend/backend shit OP? Is it worth?

Programming? Idk anything about it, read what people in the field have to say

 

[SMVbender]

bump since not sticky anymore

 

[ThreadMatters]

Bump also
Btw should we buy the dip yet?

 

[turkproducer]

i’m ngl i didn’t take this thread as seriously as i should have when i first read it

but now my exams and school have been cancelled for 6-7 months, and it seems like a good time to invest, i will probably drop some money on bitcoin, crude oil, or a currency

thanks for this thread

 

[Seth Walsh]

• Find the asset class with the highest amount of dumb money (Cryptocurrency)
• Study and deduce the irrational biases and heuristics of new and deluded "traders"
• Exploit their impetuousness by positioning your trades in a manner where you will win you some of the dumb money
• If your not doing that, then you ARE a piece of the dumb money

https://www.tradingview.com/x/NzadoaIQ/

These lines show the increase/decrease in positions in CME Bitcoin Futures. I made the lines Blue, Red and Black.

Black line shows the sentiment of Hedge Funds (showing the increase/decrease in their position size). They're still net short but that's besides the point. Hedgefunds have the most money. Big money sentiment is always right as they literally have the tool that moves the prices of anything that trades (that tool is, "lots of money"). Black line representing blackpill.

Red line is professional traders who aren't Hedge Funds. (Red pill sometimes works, but they're naive a lot of the time too? Right?. (The fact that they're net long is irrelevant. Just look at their behavior. Decreasing their positions preparing for price to go down). It's retarded for anyone who's not a Hedge Fund to be short in BTC. Red line representing redpill.

Blue line shows the sentiment of retail traders. Decreasing their positions. The small positions they have are decreasing. Their sentiment is always wrong when push comes to shove. They have no power. Blue line representing bluepill naivety.

Institutional biases and heuristics always win, because their biases aren't mere speculation. They have the combined power to move anything that trades, whilst others just speculate while not having the power to move price.

The institutions are not increasing their positions so that the price will go down. These are positions in futures contracts btw, not in the underlying. The price of the futures contracts will rise when the people in the "black line" push the price of the underlying asset (BTC) up. Guess how they'll push the price up? With the trillions of dollars they have. They only need to use less than 0.1% of their combined firepower to fuck over the retail traders and (some of) the professional traders. Money moves markets, news doesn't move markets. You can't move the price of something that trades with "news" in and of itself. Money, and lots of it, is the only tool that can make lots of other people lose money.

Retail traders with shorts in BTC futures (extra RIP to those using leverage), will get stopped out, liquidated, fucked in the ass etc.

Not saying BTC will go up immediately. But in time it will go up to around $8.3k just enough to find that sweet sweet liquidity pool where all the retail traders' stoplosses and liquidation prices are.

These lines in a way are a type of a leading indicator. (Not a crutch by any means, but useful if interpreted correctly).

*ps: Not financial advice any risk you undertake or profits you incur are your own responsibility*

 

[laske.7]

ok

 

[MewingJBP]

Any podcasts/ audiobooks worth listening while wagecucking?

 

[PubertyMaxxer]

2020-2021 to be exact

More than 70% of economists think a US recession will strike by the end of 2021

Stocks dropped sharply last week after a key recession signal flashed for the first time since before the global financial crisis in 2007.

markets.businessinsider.com

Do you think the next recession will be partly result of corona? Will it happen in addition to current corona crisis?

 

[Aesthetic]

Do you think the next recession will be partly result of corona? Will it happen in addition to current corona crisis?

Im pretty sure corona will make the next recession even worse. I posted that before the corona crisis, now when economically all the countries that were on lockdown took a downhill the upcoming recession will make stuff even harder on us.

 

[Gosick]

• Find the asset class with the highest amount of dumb money (Cryptocurrency)
• Study and deduce the irrational biases and heuristics of new and deluded "traders"
• Exploit their impetuousness by positioning your trades in a manner where you will win you some of the dumb money
• If your not doing that, then you ARE a piece of the dumb money

https://www.tradingview.com/x/NzadoaIQ/

These lines show the increase/decrease in positions in CME Bitcoin Futures. I made the lines Blue, Red and Black.

Black line shows the sentiment of Hedge Funds (showing the increase/decrease in their position size). They're still net short but that's besides the point. Hedgefunds have the most money. Big money sentiment is always right as they literally have the tool that moves the prices of anything that trades (that tool is, "lots of money"). Black line representing blackpill.

Red line is professional traders who aren't Hedge Funds. (Red pill sometimes works, but they're naive a lot of the time too? Right?. (The fact that they're net long is irrelevant. Just look at their behavior. Decreasing their positions preparing for price to go down). It's retarded for anyone who's not a Hedge Fund to be short in BTC. Red line representing redpill.

Blue line shows the sentiment of retail traders. Decreasing their positions. The small positions they have are decreasing. Their sentiment is always wrong when push comes to shove. They have no power. Blue line representing bluepill naivety.

Institutional biases and heuristics always win, because their biases aren't mere speculation. They have the combined power to move anything that trades, whilst others just speculate while not having the power to move price.

The institutions are not increasing their positions so that the price will go down. These are positions in futures contracts btw, not in the underlying. The price of the futures contracts will rise when the people in the "black line" push the price of the underlying asset (BTC) up. Guess how they'll push the price up? With the trillions of dollars they have. They only need to use less than 0.1% of their combined firepower to fuck over the retail traders and (some of) the professional traders. Money moves markets, news doesn't move markets. You can't move the price of something that trades with "news" in and of itself. Money, and lots of it, is the only tool that can make lots of other people lose money.

Retail traders with shorts in BTC futures (extra RIP to those using leverage), will get stopped out, liquidated, fucked in the ass etc.

Not saying BTC will go up immediately. But in time it will go up to around $8.3k just enough to find that sweet sweet liquidity pool where all the retail traders' stoplosses and liquidation prices are.

These lines in a way are a type of a leading indicator. (Not a crutch by any means, but useful if interpreted correctly).

*ps: Not financial advice any risk you undertake or profits you incur are your own responsibility*

how much have you put into bitcoin? was it a large sum?

 

[Seth Walsh]

how much have you put into bitcoin? was it a large sum?

Not important

 

[Seth Walsh]

how much have you put into bitcoin? was it a large sum?

Don't just look at bitcoin. Become obsessed with risk management and creating a good system to identify good trades or investment opportunities. Something that sticks. If you react to short term incidences in the markets then you're "Tom from Tom&Jerry" or "Kayote from the roadrunner thing"-maxxing. You'll just exert tons of effort and learn after that everything you were doing was just wrong and it'll hit your ego a lot too. Post Covid19 I see a pretty substantial bounce back + continued growth in practically everything. Reason why is: "Everything" that can be bought is essentially a hedge against the dollar, right? Like this isn't even theoretic, it's reality. The stimulus printing is going to devalue the dollar, so by default, everything that trades against the dollar will rise in price against the dollar (giving the illusion of growth in real value; whether or not the real growth in value is proportionate to the perceived growth versus the dollar).

Reviewing that, you can see that as another driver behind why I predicted Bitcoin to go up in price. Not only is it up 100%+ since I first replied to someone saying "it will go up a lot" around early March; it's also 1. Something that trades against the dollar daily, and not in insubstantial volumes. 2. It is extremely speculative and an avant-garde asset class which it pretty much pioneers. It has intrinsic value, however an impractical intrinsic value as of now, but that's what makes it all the more appealing to the masses, generating positive speculation. 3. Deflationary, decentralized, almost infinitely divisible, secure, P2P. Those are some reasons behind why I made that prediction but there's literally dozens of others which I touched on before, like the Stock-to-Flow ratio, the upcoming halving (which I think is today or tomorrow), Institutional versus Retail positions in Bitcoin futures on CME's Commitment of Traders report.

I'm very bullish on Monero. Always have been. I feel it has always been undervalued relative to the other "cryptocurrencies". Not really interested in anything else. I would look more into IOTA if I could understand the logistics behind the Directed Acrylic Graph tech and their team's implementation of that. I remember seeing huge problems with their wallets like 2 years ago so I stayed away since then. I don't really trust their team, but if there was ever a cryptocurrency with a solid team with no power dynamic, fast/hardworking devs and a good implementation and usecase for DAG then I'd consider maybe investing in whatever that tech is. But for now, the only 2 I see as investable are Bitcoin and Monero.

 

[RichardSpencel]

i ingested £130 in bitcoin it’s worth £45 now lol.

 

[Chadelite]

ngl this thread is one of those special few that will change my life

 

[Alexanderr]

I will immerse myself within all this knowledge this summer vacation.

 

[Gazzamogga]

Very good thread. I was thinking of making one on online poker myself but you need to be 18 and smart so that eliminates 95%+ of the forum. Might not be worth the effort.

 

[Seth Walsh]

Do a dopamine fast then read this thread and you'll see how much sense BBC makes. It's over for the expedient, dopamine fueled fiends that most of us are though.

Your dopamine system literally controls your impulses and risk management; and risk management is the #1 thing.

 

[Deleted member 6191]

One thing ab "wageslaving".

Chemical engineering is technically a good job for the market. But there are plenty of other EN jobs that have more opportunities available.

Exp. A friend of mine's firm only had 3 Chemical Engineers but like 10-15 Mechanical Engineers.
Sure it's a good job, but there are less of a demand for them, in terms of availability.

 

[Gazzamogga]

Do a dopamine fast then read this thread and you'll see how much sense BBC makes. It's over for the expedient, dopamine fueled fiends that most of us are though.

Your dopamine system literally controls your impulses and risk management; and risk management is the #1 thing.

mirin avi

true 5Head

 

[needsolution]

Do a dopamine fast then read this thread and you'll see how much sense BBC makes. It's over for the expedient, dopamine fueled fiends that most of us are though.

Your dopamine system literally controls your impulses and risk management; and risk management is the #1 thing.

Bro did u see Nakamura taking IQ test? He scored 104 lmao

 

[Deleted member 2769]

Bro did u see Nakamura taking IQ test? He scored 104 lmao

Do a dopamine fast then read this thread and you'll see how much sense BBC makes. It's over for the expedient, dopamine fueled fiends that most of us are though.

Your dopamine system literally controls your impulses and risk management; and risk management is the #1 thing.

hes a ipdcel

 

[Deleted member 6273]

Bro did u see Nakamura taking IQ test? He scored 104 lmao

Bullshit link vid.

 

[Deleted member 1973]

Can't you just invest on McDonald or Apple?

 

[needsolution]

Bullshit link vid.

 

[TheMewingBBC]

That's not a legitimate iq test

 

[needsolution]

That's not a legitimate iq test

Just pasted video i have seen recently, idc if legitimate or no. And ofc this score isnt true since someone who can compete with Carlsen must be at least 150-160.

 

[Pillarman]

Just pasted video i have seen recently, idc if legitimate or no. And ofc this score isnt true since someone who can compete with Carlsen must be at least 150-160.

there's no way someone with actual 150 IQ would make a single mistake on that online mensa test

and Magnus Carlsen's IQ isn't 190, you probably found it on google and thought Hikaru must be close to him, also those guys play chess for 20+ years daily so IQ doesn't even matter there, there's studies on this

 

[needsolution]

there's no way someone with actual 150 IQ would make a single mistake on that online mensa test

and Magnus Carlsen's IQ isn't 190, you probably found it on google and thought Hikaru must be close to him, also those guys play chess for 20+ years daily so IQ doesn't even matter there, there's studies on this

Did i say Carlsen iq is 190? I did not.

Saying that your raw intelligence doesnt matter in chess is at least laughable.

 

[TheMewingBBC]

there's no way someone with actual 150 IQ would make a single mistake on that online mensa test

and Magnus Carlsen's IQ isn't 190, you probably found it on google and thought Hikaru must be close to him, also those guys play chess for 20+ years daily so IQ doesn't even matter there, there's studies on this

We don't know if he even made a mistake, time and the amount of answer given are usually factors in those tests; maybe he got everything right but not many.

Then again, those tests aren't legitimate. If it's not a WAIS or a Standard Binet administered and supervised by a psychiatrist or someone trained then it's not legitimate. Legit iq tests are designed and supervised in a mean where there wouldn't be a significant difference if it was taken twice, at best were talking a difference of three to five points. A normie can take an online test and score 90 in the first go and then 120 in the second lol

 

[Pillarman]

Did i say Carlsen iq is 190? I did not.

I assumed that's why you thought nakamura would be close to 160, why else would you ?

Saying that your raw intelligence doesnt matter in chess is at least laughable.

high IQ can give u advantage, but if you play against somoene that has 5 or 10+ years of experience over you, even having 160 IQ wouldn't help you there . That's what i said and you can literally find studies on wikipedia about IQ and chess

some grandmasters have average IQ

 

[Pillarman]

A normie can take an online test and score 90 in the first go and then 120 in the second lol

that's same as studying and you can even study for real IQ tests, some people sell courses on that as i know, was even posted on lookism at one point

didn't even notice this was a money making thread, I'm out tbh jfl

 

[needsolution]

I assumed that's why you thought nakamura would be close to 160, why else would you ?

high IQ can give u advantage, but if you play against somoene that has 5 or 10+ years of experience over you, even having 160 IQ wouldn't help you there . That's what i said and you can literally find studies on wikipedia about IQ and chess

some grandmasters have average IQ

Carlsen must be at least over 150. Just check out his games when he was kid, no way someone with iq below genius tier would be able to compete with grandmasters as small kid like he did.

 

[TheMewingBBC]

that's same as studying and you can even study for real IQ tests, some people sell courses on that as i know, was even posted on lookism at one point

didn't even notice this was a money making thread, I'm out tbh jfl

And is there any documented proof that those courses improve scores on a REAL iq test? I think not

 

[Deleted member 6186]

I actually had the chance to buy bitcoin early. I knew about it back then.

I bought 1 bitcoin and spent most of it on online stuff.

To this day, I still look back and think of what if I just bought more?