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qnt

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qnt
·há 3 anos·discuss
The fail rate for traders in a real trading firm is something like 50% anecdotally (i.e. 1/2 of those hired don't make past 12mo mark)

The fail rate for retail traders without the professional environment backing them would be >95%.

That is to say the best thing you could do to increase the probability of your success is to get in the door at a reputable place.

https://robotwealth.com/ is probably the only source of information for a retail trader that I'd recommend. It's still far inferior to actually getting a seat at a real shop.

There's plenty of work for programmers in trading companies too - much better job stability than for traders.
qnt
·há 3 anos·discuss
You can buy or sell 1 share of apple for a bid/ask spread of 1 cent today, or 0.006% of the stock price, and pay no commission to do so. There are very few other examples out there where pure competition between market participants have made things so cheap as to be indiscernible from free.

Parasites indeed