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> What hope does an individual have? A whole lot of people support themselves by trading successfully. The thing is, making decent money by trading is a full
by kingkongrevenge 18y ago
> What hope does an individual have?
A whole lot of people support themselves by trading successfully. The thing is, making decent money by trading is a full time job, not an after-hours hobby.
You CAN make money designing trading strategies. People do it. The question is simply whether the EV returns on your time will be higher than working on an actual job or businesses. Someone smart enough to make a winning trading system is also smart enough to get paid a lot in other endeavors. So more often than not it's a wash. Except traders get to work in their underwear...
- nandemo 18y agoPeople who support themselves by trading successfully are likely working for a company (bank or hedge fund, etc). Often they are dealers, who make money on the bid-ask spread, so they don't bear as much risk as (say) traders working on prop desks. These depend more on the success of their trades for their income, but even so they get a non-negative income. Now, independent day traders working in their underwear is a different story. Not only they bear all the risk of their trades, they're likely "losers" (in the game theory sense) in average.