this post was submitted on 26 Jun 2023
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Finance

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The Wicked Problem of Trading (matthewscheffel.com)
submitted 1 year ago* (last edited 1 year ago) by isosphere@beehaw.org to c/finance@beehaw.org
 

I wrote a farewell to the thousand plus hours I spent on trading

I traded futures in my personal account, worked for a small trading firm, and have always been into a rational, scientific look at evidence.

I gave it as good of a try as any retail trader can, and learned a lot. Mostly that it's a waste of time, because trading is a wicked problem.

This is a plea to others that might get sucked in to run away and touch grass instead.

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[โ€“] derelict@beehaw.org 2 points 1 year ago* (last edited 1 year ago) (1 children)

https://xkcd.com/1570/ cleanly sums up why I shy away from actively trading my own money despite the temptation to do so

[โ€“] isosphere@beehaw.org 2 points 1 year ago

Hard agree; I think academics and programmers are especially susceptible to this. It's an addiction that hooks in intellectual hubris, a condition I have some experience with.