D
ducksoover
Diamond
- Joined
- Jan 17, 2023
- Posts
- 1,458
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I almost always have to hold in my laughter whenever I hear someone talk about retail daytrading
It is a very quick IQ test. If you genuinely believe you can make profit in the long run by looking at "patterns" on a screen, you are an intellectually lazy day dreamer who doesn't have the work ethic to learn a real skill that will get you serious income.
Every single (and i mean EVERY SINGLE) so called daytrader online is selling a program. They sell dreams to people and use their method of "technical analysis" to show how they have their supposed edge in the market.
Anyone who has put in the minimum effort to research about the markets will understand that is all about reaching the raw prices first.
You are competing against HFTs (high freq traders) who have very complex and carefully designed algorithms that will slash the prices the 10th decimal and compute thousands of trades in seconds. You are not going to win. HFT hedge funds have invested millions of dollars in physical infrastructure to get as close as possible to the stock exchange to reduce latency. Meters of fibre optic cabling, FPGA boards that cost stupid $$$, expensive software to reach raw prices etc is the REAL edge in the market.
You are not going to win with your shitty wifi, your laptop, and astrology signs on a chart.
It amazes me how people fall for this nonsense in social media.
It is a very quick IQ test. If you genuinely believe you can make profit in the long run by looking at "patterns" on a screen, you are an intellectually lazy day dreamer who doesn't have the work ethic to learn a real skill that will get you serious income.
Every single (and i mean EVERY SINGLE) so called daytrader online is selling a program. They sell dreams to people and use their method of "technical analysis" to show how they have their supposed edge in the market.
Anyone who has put in the minimum effort to research about the markets will understand that is all about reaching the raw prices first.
You are competing against HFTs (high freq traders) who have very complex and carefully designed algorithms that will slash the prices the 10th decimal and compute thousands of trades in seconds. You are not going to win. HFT hedge funds have invested millions of dollars in physical infrastructure to get as close as possible to the stock exchange to reduce latency. Meters of fibre optic cabling, FPGA boards that cost stupid $$$, expensive software to reach raw prices etc is the REAL edge in the market.
You are not going to win with your shitty wifi, your laptop, and astrology signs on a chart.
It amazes me how people fall for this nonsense in social media.