Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
I heard from some very clever and in-the-know high level ex-wall street traders that day trading is simply dead. It's not what the experts are trying to do any more, there are simple too many powerful and superfast machines trading out there, that the only people making money this way are people committing insider trading. What the experts are doing is looking for ideas and trades with a minimum 3 month horizon, trying to predict outcomes that are harder to calculate but based on good ideas. Their track record is impressive and definitely much higher chances than a 50/50 coin flip. If you're talking about day trading, on that basis a flip is probably going to bring you better fortune.
Ah, maybe you are talking about bots? Not sure though if trading is dead, but for sure crypto is very much alive if you look at some exchanges and there are numbers still up to the millions or even higher every day as they trade. And with the help of bots, there could be hundreds every day trying to scalp and make easy money as compare to like we say gambling or the very basic coin flip.
Of course, not everyone is going to win in this game, but if you have at least some basic knowledge and with the help of bots, who knows, maybe there will be days that you are going to win big and then some bad days. Unlike in gambling wherein the changes for you to win every day is very slim.