Just give it up. You are not going to be able to do it. Why? Here is why…
“Virtu, a high tech, high frequency trader, makes markets in more than 10,000 securities across 210 exchanges. According to the Virtu S1, in 2013 it had revenues of $664.5 million and net income of $182 million. Virtu said it ”had only one losing trading day during the period depicted, a total of 1,238 trading days.”
Let that sink in for a second. These guys had 1 losing trading day over the last 5 years and that is who you are competing against. How is that possible? Well, in this particular case the market is rigged as Virtu is able to make a few pennies here and there with no risk. Eventually, those pennies add up to massive gains as the article above indicates. And that’s who you are competing against. Day in and day out.
Well, that’s not entirely true. There are a few things you can do to come out on top.
- Just invest an index fund and forget about it. Keep adding money on a fixed schedule, keep the cost low and you will come out way ahead.
- Become a Warren Buffett type of a stock picker. Takes a lot of work, but anyone can do it.
- Become a market timer. If you can predict what the stock market is going to do you going to be able to minimize risk while setting yourself up for over sized returns.
While we used to do #2, we now specialize in #3. If you would like to learn more, please Click Here
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