Looking to learn more technical side of trading and hope to automate for a side hustle . Which groups are good to get started . Reddit / Discord/ Twitter . Open for stocks / forex/ crypto . Would like to make a good return of 5000 dollars a week on average . Is Machine Learning the right away to go or should it be something like learning intuition for trading using metrics and then automating them ?
Trading is viable if you want to take big risks and potentially scale your wealth, but it's not a great choice if you want to make consistent income from it.
Uh, it is when you master risk management? Sounds like someone’s not a true trader here.
Coming from a trader myself, and having met people who trade, you will NOT make money in the long run trading. The expected value of a net zero game in the long run is zero. There are only two ways to make money in this space. 1.) HFT which is basically arbitrage over multiple exchanges which only a person with a huge pool of funds (10+M) and enough institutional access to all exchanges can reliably make a profit on. This is how all the top funds like citadel and Jane street make money 2.) Directionally betting on the market and getting lucky with a few plays you’re sure of (either through leveraged trading or through OOM options). And then EXITING the trading space To this day, I have NEVER in my life met a single person who makes a lot of money consistently trading. If they seem like they do, there’s always something behind the curtains (fraud, running a paid group, etc) Everyone else who claims to make money is lying. I’ve seen it all and done my due diligence. The most “popular” traders don’t make money from trading; they make money from people signing up to their courses or the kinds of discords and twitters you’re trying to access Keep in mind that not a single fund has outperformed holding just the sp500 index over the last two decades.
Don’t know but following. I’m currently trying to learn how to swing trade. Heard forex market is pretty lucrative for that. Ya might have some luck swing trading crypto as well just cuz it is volatile af.
Yes swing trading is good for us engineer instead of day trading because we have meetings etc
And forex can be done after hours also