/biz/ - Business & Finance

take it from a 30yo boomer, your did is kinda right

I don't know about German markets in particular but in the US daytrading is only profitable for guys who already worked on wall st for 10 years and now trade for themselves using money from a prop trading firm.

The big hedge funds spend billions of dollars on data scientists, ai, and have machines with a 0.01 millisecond delay executing huge amounts of trades and the average guy can't compete.

The issue is that you can have success in the short term but eventually everyone gets wiped out, look at daytrading forums/groups and you'll see they were hugely active in 2014, they're nearly dead now except for the newbies who get in, do it for a year and then get wiped out.

Only way to make it is to start a business, suggest reading this:

https://www.amazon.com/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/0984358102/

https://www.youtube.com/watch?v=J1gw1BuHnHc

Only reason I come here desu, I hold a few cryptos but know its 100% gambling and sell as soon as the bag holders flood in so I can fuck off to another altcoin and start over again.