Comment Comment by jjangkke I used to trade options and had about 99.5% success on all my tradesThe problem is the 0.5% of the time, it erases all the gains made on the successful ones.I'm convinced without information edge or some capital sunk cost edge (for HFT) you are literally just flipping coins when it comes to trading.What's dangerous is fixation on strategies that form after a period of success.All in all, I think just buying stock and holding is the best and most successful approach to making money.Maybe when AI becomes sentient it will know on which days it make sense to buy and sell iron condors with huge ass wings.... parent jjangkke 1 year ago
The problem is the 0.5% of the time, it erases all the gains made on the successful ones.
I'm convinced without information edge or some capital sunk cost edge (for HFT) you are literally just flipping coins when it comes to trading.
What's dangerous is fixation on strategies that form after a period of success.
All in all, I think just buying stock and holding is the best and most successful approach to making money.
Maybe when AI becomes sentient it will know on which days it make sense to buy and sell iron condors with huge ass wings....