All these traders are playing in a casino. Yes, the casino favors the house. Yes, people have figured out how to make big bucks by counting cards. The rules will probably change so the house keeps on winning.
To me, all this indicates that the only way to win is to not play. Passively investing in the market as a whole is the only way to win long term.
Disclosure: I work at a robo-advisor specializing in long term passive investing. My views are my own, and in no way associated with the views of my employer. This is not investment advice.
To me, all this indicates that the only way to win is to not play. Passively investing in the market as a whole is the only way to win long term.
Disclosure: I work at a robo-advisor specializing in long term passive investing. My views are my own, and in no way associated with the views of my employer. This is not investment advice.