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Trading is very hard, most traders lose money and even a hamster can outperform most professional traders. Don't do it unless you are 100% sure what you are doing.

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Trading is very hard, most traders lose money and even a hamster can outperform most professional traders. Don't do it unless you are 100% sure what you are doing.

Trading is incredibly hard, yes you can use TA etc. but at the end of the day you'll need a lot of luck to perform very well in day trading. There was a Hamster couple of years ago who outperformed professional traders I kid you not. Here's a snippet from a BBC article:

"Mr Goxx, the crypto-trading hamster beating human investors.

Like many people, Mr Goxx is dabbling in cryptocurrency, hoping to strike it rich.

He's notable for two reasons: first, he is making money, with his lifetime career performance up about 20% - beating many professional traders and funds.

Second, Mr Goxx is a hamster.

The business-minded rodent has a trading office attached to his regular cage. Every day, when he enters the office, a live stream starts on Twitch, and his Twitter account lets followers know: Mr Goxx has started a trading session. By running in his "intention wheel", he selects which cryptocurrency he'd like to trade, as the wheel spins through the different options. His office floor has two tunnels nearby: one for buy, one for sell.

Every time he runs through a tunnel, the electronics wired to his office complete a trade according to Mr Goxx's desires."

https://preview.redd.it/tikk75nddpma1.png?976&format=png&auto=webp&s=0bbc99b572763d9c8a3c391dcf3797677352541a

Sadly Mr. Gox died in 2021.

submitted by /u/rootpl
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