191–200 of 640 posts
At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.
We've all been there. The house always wins.
The futures and options markets are zero-sum. For every winner, there's an equal and opposite loser.
Lot of people are becoming more knowledgable and skillful. But purpose is the missing ingredient. Without purpose or a motivator in life people end up getting trapped in mindless rituals. It keeps the reward circuitry in the brain from decaying.
Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
For what purpose?
> it is our evolutionary “purpose” to reproduce
Yes evolution selects for having children survive to reproduce, but that’s not a purpose, that’s just “that which continues, continues”.
> and most people in the developed world today aren’t doing it.
Plenty of species have evolved such that when they sufficiently saturafe their environment and resource carrying capacity, reproduction rates drop through behavior changes based on various signals.
The regular 9-to-5 is seen as a last resort now—it’s almost like you’ve failed if you don’t have a side hustle. That’s the vibe. With AI and machine learning platforms making waves, especially for traders, the game has completely changed. The barrier to entry? Practically gone. These platforms have made it so easy to get started that anyone with a bit of curiosity can jump in. It’s not the exclusive playground of the…
It's funny because 9-5 is still a great way to actually enrich yourself. The best way to grow your wealth is to increase your income, and a salary+benefits is the juiciest way to do that. Sadly, I've seen many male friends of mine obsess with the stock market but not have anything going career-wise. They just hope they hit big and "make it." Better to just stack salary for years the boring way and save yourself the t…
Gambling on stocks may give you a windfall that amounts to a down payment, but good luck convincing the bank you can pay that new mortgage for 30y off your stock market wizardry.
At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.
I have net managed to beat the market. My estimate is that I've earned approximately $3/hour for the time I've spent doing so. And I was trading in such thinly traded options that it wasn't a matter of "scaling up" - I was literally only able to make money because I was picking up the pennies nobody else cared about. (And/or trading on events that were were rare, obvious, and in an area I understood, which also doesn…
The market is up 27% YTD. Most global trends suggest, to me, a greater centralization of wealth into the US. Just dumping everything into the SP500 is likely more than great for 99% of people for the near future.
The supposed "survey" or whatever the hell this is was taken from a bunch of amateur people who started trading out of boredom which depicts an entirely non-real picture of the people who have been doing this for a living since quite some time. Like with everything else, using your brain cells can quickly make you realize it's a lot more than "gambling"
Which sounds similar to how gambling addicts report their thoughts on their addiction - that they are smart enough to learn poker, or they know enough basketball to be able to predict outcomes.
Like with everything else, some research and data interpretation shows that with the remarkable exception of two or three highly specialized companies that employ some of the best mathematicians alive, most active investors underperform.
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As someone with a young child, it definitely feels purposeful. Also the opposite of a chore, it's lots of fun and what I look forward to after a day of work. And I'm someone who, for most of my adult life, thought I'd be childfree...
Well I've heard people say this. What about the ones that regret it? I know of one personal acquaintance of mine who confided that he regrets having his kid. He would under normal social circumstances not mention it, for obvious reasons. The problem is that it's a one-way street if you decide to have a child. Now if only one had an option to 'trial-run-before-one-commits' that would be ideal. I suspect (but not sure)…
It doesn't mention Robinhood's role in promoting addictive gambling behaviors. How much has it changed since this 2020 article? https://www.nytimes.com/2020/07/08/technology/robinhood-risk...
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Every so often I receive commercially sensitive information about my company which I'm not allowed to disclose before it's formally communicated to the stock market. For fun, I try to predict what impact it'll have on the share price (though of course I can't actually trade!) I can successfully predict the direction of the share price movement 50% of the time and successfully predict the magnitude of the share price…
>I can successfully predict the direction of the share price movement 50% of the time 50% performance when there are two options is chance, no? So that just means that you can't predict it at all.
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Whats the difference between "idiots have to be scammed" vs "people who can't fend off a knife fighter while en route to the grocery store have to be stabbed"? Some people are gullible, or trusting. This doesn't mean they don't have other gifts, or most of all good intentions. Applying an evolutionary pressure against people who can't fend off knife attackers is ultimately useless for human wellbeing The real issue i…
There’s obviously a huge difference between a scam and a violent attack. The person being scammed doesn’t ever lose their agency and willingly participates. That’s very different from a knife attack, where the victim would leave at every moment if possible.
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Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
A bit off-topic, but it’s interesting how this became the de-facto answer to any question related to “meaning of life” in the last 2-3 years in HN/tech circles. I’m not saying you’re wrong, but it’s a bit weird. Like I’m sure everyone knows that? If a person isn’t having a child in their 30s, they either can’t because of multitude of different reasons, or they decided they don’t want to. Disclaimer: I’m as pro-kid as…