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Russ Jacobsen's avatar

I was an institutional trader for most of my career, and completely agree with your piece. My teams serviced long-short hedge funds that couldn’t even compete on a swing-trading strategy vs the Quants. An individual can definitely make short term profits day trading, but generally see all their incremental gains wiped out on the big moves.

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VICTOR GARKAVY's avatar

Well, you can't say that DT is universally bad (e.g. https://finance.yahoo.com/news/nashville-man-22-makes-90k-120300863.html), - it's just the majority who doesn't make anything from it.

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