I was prepared to write a big check to get in on the ground floor of this tremendous opportunity right up until the OP said 2% monthly compounded is 24% per year.
You should still do it despite his bad math. Eventually they will get to 5percent per month. It’s just that easy.
buying long term call options in new highs for even more upside WITH SPEED? More like, sell a long term put and take assingment should the market trade down. At least you win when market is up OR flat.
This is true. I have had varying degrees of success with trading over the years and my algo trading pursuits have improved my value as a software developer and career opportunities.
Very unfortunate on basically every level. -2%/mth are standard asset class hedge fund returns -5%/mth are not public facing numbers for standard asset classes -crypto funds target 70-100%pa - risk premium -private traders should (but rarely do) achieve better results than funds The overlaying fact, think tanks (like most social groups) work on lowest common denominator, it always requires one person to step above and beyond to make it work fighting with the many who bring less to the table, but oddly those many having an outspoken voice, public forums are a perfect example. At 5%/mth on public crypto fund you are underinvesting capital, with standard asset classes you are overinvesting, investors see through those numbers. Crypto doesn't have huge potential to change how we live, if it did it would be absorbed in to the financial system and become the new fiat, as Mark Twain said if it mattered they wouldn't let you do it. A private trader has potential to make up to 1,000%pa in crypto (2020/21 1,000% gain in 1yr), how that 1,000% is made changes every year, investment style, different tokens, you are talking about taking a 5% spread from that potential, not 15-20% spread which is what would make something like this workable.
if the original poster has those skills then why try to beat a system. Become the system or be integral to the system and milk 'em
I have been a software engineer for over 20 years and I COMPLETELY agree with this 100%... To succeed at trading... Just a few of the pre-recs over coding... 1st - Learn the Market from Top to Bottom (Good Luck) - Macrostructure to Microstructure, ETC 2st - Coding is logical & the market is not > 1000s of unknown variables at any time pop up 3rd - In coding emotion is not usually a big issue... In trading it's 800 pound gorilla in the room 4rd - Ernie Chan(top quant) said knowing how to find an edge beats knowing coding by miles 5th - Position sizing and Trade Win/Loss Ratio must be understood 1000% 6th - Understand who invented Liquid Soap and Why ?