Submitted by squeakychain t3_ygz2og in wallstreetbets
attofreak t1_iubh53g wrote
Reply to comment by MojoRisin9009 in Love the degen stuff, but… by squeakychain
> Short term trading is the hardest fucking thing ever to learn
lol, calm down with glorifying gambling. You're just guessing, and sometimes the game of chance is in your favour, sometimes not. Returns are mostly Gaussian noise, and any faint kurtosis/skewness/fatness of tails/correlations is barely captured by most of the degenerates. On top of that, option greeks are rarely discussed here. I had to go out of my way to learn that stuff. The math is all nice and pretty, but in real time, unless you got dedicated programs linked to data coming from your broker (forget about directly interfacing with exchange), most people are just running on hunches. Even all that effort seems like a mockery, considering someone will get lucky with a YOLO and that post will get pinned to celebrate the survivorship bias.
Whether a bull or bear or kangaroo market, there's no value investing of any kind. Occasionally, some finance student or trader drops in, shares a dd (who knows out of kindness of their heart or just trying to pump the instrument). Rest of the time, we just like the thrill of throwing real-world money after things we barely comprehend.
MojoRisin9009 t1_iubj242 wrote
There are many profitable short-term traders out there, but it takes years to learn. Hence why there are so few because they run out of money, determination or everything else long before they reach a point to where they can actually become consistently profitable. It is possible and doable though.
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