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submitted 5 months ago* (last edited 5 months ago) by SovietReporter@lemmygrad.ml to c/chapotraphouse@hexbear.net

cross-posted from: https://lemmygrad.ml/post/4765399

That time when Karl Marx got into day trading in the stock market

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[-] GaveUp@hexbear.net 17 points 5 months ago* (last edited 5 months ago)

I used to. It's insanely difficult to consistently beat the market, but with a small personal account, is still realistic if you only focus on places where institutional money won't be playing, like short term trading low volume stocks

You can also do long term investing with a personal edge, whether that be knowledge from your industry, or culture, or environment, etc. I.e. it was super obvious if you were a student that Chegg would smash their first earnings during COVID, and is something Wall St. overlooked because they're not in school anymore

I did well trading black swan microevents on individual stocks/coins but I quit because it was genuinely a full time jobs worth of effort to keep up with all the information. Any method of consistent gains will take dozens of hours of reading or analysis every week. Just throw your money into an index and live your life imo, especially since most people still lose after spending all that time

this post was submitted on 08 Jun 2024
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