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The Do-Gooder Movement that Shielded Sam Bankman-Fried

  • Offline mikesez
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#17
11-20-2022, 05:22 PM

(11-20-2022, 10:08 AM)Lucky2Last Wrote:
(11-19-2022, 08:01 AM)mikesez Wrote: That is all there is to it, but few are able to do it.

Are you able to do it?

I've had my moments.  But I would not be able to earn a living that way.
Frequent stock trading is a bit like sports betting.  With sports betting all you need is better information than most of the other bettors.  People bet based on unreasonable expectations.  It's hard to lose money betting against the Packers early.  Lots of binge drinkers in Wisconsin driving those lines up early each season.  If you think you're more informed or less of a homer than the average bettor, lots of opportunities. 
But with stock trading it is much, much harder to have better information than the people who have a lot of money.  And even if you do, they get the new information faster than you, and their trading servers react on the microsecond while you're hours behind, most likely.
My fellow southpaw Mark Brunell will probably always be my favorite Jaguar.
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RE: The Do-Gooder Movement that Shielded Sam Bankman-Fried - by mikesez - 11-20-2022, 05:22 PM



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