Remix.run Logo
▲ dash2 4 hours ago

>For example, “You can’t beat the market, dollar-cost average into index funds!” is the kind of viral story that will earn you nods of approval from millennials and upvotes on Reddit.

>Pattern matching, on the other hand, can drive you to make moves like an advanced chess engine. Moves that others find alien and incomprehensible.

Sure. Index funds is a viral story which has a lot of rigorous data behind it. As for the advanced chess engine of intuition... ever heard of Fooled By Randomness?

▲incognition 3 hours ago | parent | next [-]

exactly. If you're engaging in a market, realize that approximately 90% of active participants will lose money in an efficient market.

▲sdeframond 2 hours ago | parent | next [-]

A strange game. The most likely winning move is... not to play.

▲icantevenhold 2 hours ago | parent | next [-]

It’s weird - my peers always say I’m stupid for not investing my idle money in the various (stock) markets and the gains they show seem to confirm that - but ITT the sentiment seems to be quite different.

To be honest i cant be bothered is the real reason I don’t play but maybe it’s the winning move?

▲mitxela an hour ago | parent [-]

Ponzi schemes can go up exponentially, until they're suddenly at zero.

▲gingersnap 23 minutes ago | parent | prev | next [-]

Greetings professor Falken

▲w10-1 an hour ago | parent | prev [-]

I think the comment was to not play actively.

It's like arguing with God: he's got better info that you.

▲dominotw an hour ago | parent | prev [-]

is 10% winner random or skill ?

▲mitxela an hour ago | parent [-]

Some random, some skill. The more people are following formulaic advice, the more opportunity there is to take their money with skill.

▲kelseyfrog 3 hours ago | parent | prev | next [-]

I love technical investors. They're so easy to make money off of. Even the names. It's tarot for men:

Big Black Candle, Big White Candle, Black Body, White Body, Doji, Long-Legged Doji, Dragonfly Doji, Gravestone Doji, Hammer, Hanging Man, Inverted Hammer, Shooting Star, Long Upper Shadow, Long Lower Shadow, Marubozu, Spinning Top, Shaven Head, Shaven Bottom, Bearish Harami, Bullish Harami, Bearish Harami Cross, Bullish Harami Cross, Engulfing Bearish Line, Engulfing Bullish, Bearish 3-Method Formation, Bullish 3-Method Formation, Evening Star, Evening Doji Starv Morning Star, Morning Doji Star, Falling Window, Rising Window, Three black crows, Three White Soldiers, On Neckline, Doji Star, Tweezer Tops, Tweezer Bottoms, Dark Cloud Cover, Piercing Line, Darth Maul, Judas Candle, Island reversal

It's great that people think these are real.

▲Infernal 2 hours ago | parent [-]

How is money easily made off of adherents to these TA methods?

▲serioussecurity an hour ago | parent | next [-]

High frequency trading shops like Jane Street.

Their brokerage dark pools their trades and front runs them.

Frequently they get pump-and-dumped based on some bullshit they read on Reddit.

These people lose money relative to index funds, so even putting money in index funds will let you take advantage of them.

▲anjel an hour ago | parent | prev [-]

By becoming their counterparty

▲Nashooo 3 hours ago | parent | prev [-]

Man those quotes are so clearly AI slop as well. Surface sounds interesting but there is no critical thought behind it.

▲icantevenhold 2 hours ago | parent [-]

Seeing that it was written 2+ years ago I don’t think AI was involved a lot. Maybe my memory is wrong but back then it wasn’t all that capable