To dozu888

[ironchef]

I saw your thread 'Traing is easy'.

Honestly, I was surprised to see you invest and think in exactly the same way as I do.
I think it's because we have similar intelligence.

I'll show you a graph.
This graph shows the relationship between intelligence and investment habits.

This graph is the result of research on Finnish male investors. Finnish males are compulsorily tested for intelligence.

Very clearly, you can see the connection between intelligence and investment performance.

I am doomed.

 

[d08]

Not sure if this is a troll thread or an inside joke but I will post anyway.

Among the people that I know or know of, the biggest net worths do not belong to the smartest individuals.

The biggest net worths belong to those that dumbly bought and held income generating assets over a long time span (decades) whether it be dividend stocks or rental properties. The only real brain power they require is to probably visually check 500 day moving average once in a while. They also seem to have unknowingly dollar cost averaged by putting in more money at regular intervals.

So to get rich you don't have to be smart - just have to have an iron willed patience and have above average tolerance for risk/drawdowns.

Then there's me running multiple trading strategies in thousands of lines of python/R code, doing literally dozens of trades a day, and a resulting net worth that is nothing to write home about.

The problem with trading is that you have to be at the cutting edge almost all of the time, it's extremely hard to achieve. With AI methods becoming commonplace, the human is becoming even more irrelevant.
This is why investing is a better bet for more and more people. Just like you, my results lately aren't anything to brag about. Meanwhile the guy who read a Twitter post and bought a few mo-mos is bragging about his triple digit returns. Was he smarter? I don't think so as he didn't even consider the more complex strategies.

 

[MKTrader]

The problem with trading is that you have to be at the cutting edge almost all of the time, it's extremely hard to achieve. With AI methods becoming commonplace, the human is becoming even more irrelevant.
This is why investing is a better bet for more and more people. Just like you, my results lately aren't anything to brag about. Meanwhile the guy who read a Twitter post and bought a few mo-mos is bragging about his triple digit returns. Was he smarter? I don't think so as he didn't even consider the more complex strategies.

90s dot-com bubble, house flippers from around 2004-2007, crypto traders (who had never traded anything else in their lives) making double-digit monthly returns in 2017, the list goes on. It's the old adage: Never confuse genius with a bull market.