Hmm, the old stories about him running Latency arbs have been taken down, along with the Medallion loss news bits prior to 2020. This is probably why people here seem unaware of this, I thought everyone was just pretending not to know lol. But back to the original point of the thread. Latency Arb = speed advantage. If you don't have an edge in speed or info, along with exceptionally low costs, being profitable intraday would be pretty challenging
Scientist discovered why most traders lose ... Five pages of responses here for the friggin obvious? ----------------- Conclusion: Why Most Traders Lose Money Is Not Surprising Anymore After going over these 24 statistics it’s very obvious to tell why traders fail. More often than not trading decisions are not based on sound research or tested trading methods, but on emotions, the need for entertainment and the hope to make a million dollars in your underwear. ----------------- -Dr. VZ
No argument with the latter but I do with the former. You are mistaking how well, or not, the open to the public various RenTec funds have done in comparison to the originaland still employee only (different trading and risk model) Medallion Fund. Apples to ... Medallions.
There's another reason Vanz, the stock market is a media marketing wet dream, what many don't realize, the majority of company directors are happy to promote an illusion of their ponzi company, if one digs down deeply, the majority of listed companies give off the illusion of imminent potential whereas the truth being, success is a long painful winding grind. But newer investors in particular are a tad too optimistic. Probably why day trading is becoming more popular, deep down they know, "Here today, gone tomorrow".
It's true most people who try trading end up giving up and not making it. But that should not come as a surprise. Trading is hard work, so from that point of view most people will not make it, but there are a lot of use who have traded for primary income that last decades and have been very successful.
After years of trying to chart, I rather agree. I use some minor TA for trade confirmation or to size a little more precisely - mainly the dumb look of which direction is the trend and maybe a pullback - but otherwise, TA is Tea Leave reading, imo.
coordinated trading group is probably the only way to make regular gains today. Hedge funds are supposed "legal" coordinated groups. Much much insider info shared and coordinated attacks on stocks from these "legal coordinated groups" Wall street bets is just a known group of new traders. So many exist under more layers of random social media. Many bitcoin deeper pockets do amazing coordinated short squeezes. These are def not million people with $1000..these are more like 100 people with one million each type groups which are not at all public.