Post
Topic
Board Trading Discussion
Re: Is day trading on Coinbase profitable?
by
dr.offher
on 09/05/2015, 15:49:08 UTC
No, it's not profitable. Better invest your hard-earned money on something fun like hookers or cocaine. Same ROI.

You can only make money trading if a) you're gambling with other people's money or b) you have access to priviledged information (this is called inside trading and is highly illegal) and/or can exploit order flow (a practice called "front running", which, like insider trading, is also in violation of every securities law on the planet).

I guess there's also option c), which is the investment equivalent to Russian roulette. Imagine 10,000 monkeys throwing darts at a candlestick chart; with enough market participants, a random simian millionaire is bound to emerge from this twisted economic experiment.