> best friend being a consistently profitable trader for the last 4 years didn’t help my skeptic case…
Last 4 years have been a boon for day traders. Any idiot with a decent sized portfolio and appetite for risk can make a living. However you are literally staring at graphs all day. Not very fun or rewarding or contributing much to society tbh.
For every winner out there, there are always hundreds of losers. Something something, “survivorship bias”
> one needs to just see numbers, statistics and trust on one’s strategy.
In a vacuum, this makes sense. But the market can remain irrational much longer than you can remain solvent.
Good luck with grinding out there. The current POTUS is a massive grifter, and driven by pseudo scientific neoclassical economic theory. So your day trading days will likely be sustainable for the next 4 years.
I mean you are right… I think somebody said that where you believe you can or you can’t you are right.
This is funny tho
> Game is rigged for big players. You are gambling.
That’s the whole point of the thing, I’m not playing their game! Look at, say, wheat… a report comes out with adjusted supply/demands (USDA releases those), then if players need to buy/sell a few million bushels of wheat… well, you don’t buy/sell a couple million bushels of wheat without paying on slippage…
I’ve made money exactly that way from “big players”. We are not playing the same game at all!
The game is not rigged towards big players either.
A single person can trade limit orders with almost no transaction cost with enormously deep markets. The modern world has made the markets incredibly inefficient, prone to massive overreactions on basically everything.
Game is rigged for big players. You are gambling.
> best friend being a consistently profitable trader for the last 4 years didn’t help my skeptic case…
Last 4 years have been a boon for day traders. Any idiot with a decent sized portfolio and appetite for risk can make a living. However you are literally staring at graphs all day. Not very fun or rewarding or contributing much to society tbh.
For every winner out there, there are always hundreds of losers. Something something, “survivorship bias”
> one needs to just see numbers, statistics and trust on one’s strategy.
In a vacuum, this makes sense. But the market can remain irrational much longer than you can remain solvent.
Good luck with grinding out there. The current POTUS is a massive grifter, and driven by pseudo scientific neoclassical economic theory. So your day trading days will likely be sustainable for the next 4 years.