I don't think so> according to a recent report by BarclayHedge, the average hedge fund in its universe produced net annualized gains of 7.2% between 2017 and 2021 . The Top 50 hedge funds collectively returned annualized gains that were more than twice the industry’s average over the past five years (15.5 percent), having trailed a raging bull market by just 3 percentage points .
%% LOL conservative math mistake ?? Not to worry, his machine learning[with discretion] or good CPA could fix that, long term . But my comments dont apply to crypto ; or the machine learning[made up ] definition of Santa Clause Rally being any rally in DEC
XOR usually means "one or the other but not both". That said, I have no issues with programmers wanting to supplement their income by trading on the side. But to think they can come into the market with absolutely no previous trading experience and code their way to financial success is a fool's errand. That's just downright pure arrogance IMO.
Thumbs up for the liquid soap part - let me guess: So you don't have to bend over before your inmates
Look I'm a trader, i fire my trades semi automatic. The guy who coded my algo knew my strat, tried it and is still failing, even having AI at his disposal. He knows my secrets for 6 years now. The markets made new ATH times and times again since, yet he is still below 40k... And I wasn't even the only trader he coded for... If you are a coder, chances are your paycheck is high enough to make it to millions just by averaging into the SPY. And if the SPY is too lame for you you can still go for Small Caps on the verge to becoming midcaps.
I say bring on more coders, with high paying regular day jobs, who think trading should be easy to succeed at since they got the X's and O's worked out. A snap.
OP listen to Schizo. We both trade ES on an active basis. Sure it is a hard one, but if you can't even swing trade*, then the OP has no chance. Better to just work at what you know. * and you won't even know that until you are 100s of trades down the road, and that is years in the making. Or don't and continue. We always welcome fresh meat to the ThunderDome.
Thanks for the mention, but there's no need to listen to me. All I'm suggesting is that if you're a programmer, take the time to learn how to trade yourself instead of merely relying on AI to do all the learning for you (or in the case of this thread, the OP is relying on other traders' expertise). Otherwise, you would be in for a rude awakening.
%% 2] I REMEMBER an engineer liked to say ''IF you are engineer , read it twice'' IF you cant ride a horse + most cant\ learn with 290 horses or what ever the Ford f fuels pick up had . Reliable , but not as good as an investment as SPY benchmark.