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Relatively defined events yes, i.e probably wouldn't try to click through FOMC (is number better/worse than FedWatch) but take something like BTC ETF getting ap
by jachac 2y ago
Relatively defined events yes, i.e probably wouldn't try to click through FOMC (is number better/worse than FedWatch) but take something like BTC ETF getting approval:
- you aren't sure where the announcement will come from first, i.e will it leak via journalist
- there will be plenty of false announcements
- the official SEC twitter account got hacked and posted it was approved (Phone number taken over, no 2FA enabled lolol)
- there will be volatility around fake announcements as others are running bots
- LLMs interpretation of "BTC ETF approved" vs "With BTC ETF approval" can cause you to start eating lot of transaction costs
You can still (presently...) come out on top as a bag of meat. Is it worth the hours and cortisol vs half decent tech job? going to say entirely dependent on the scorecard afterwards and if you value doing something with actual purpose.