cross-posted from: https://lemmygrad.ml/post/4765399
That time when Karl Marx got into day trading in the stock market
this post was submitted on 08 Jun 2024
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chapotraphouse
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I used to be involved in this line of work as my full time job. I get why people here think there has to be a way to make some money on speculating in the market… but there really isn’t. Even the biggest Wall Street firms and hedge funds have a very hard time just beating the market.
Trying to beat the market or pick stocks is basically gambling. Which is fine! Gambling is fun. Just be sure to treat it like gambling and only put in the kind of money you would at a casino or something. Certainly not as some way to earn enough to stop working or buy a house or something.