1062
Using AI for trading
(media.piefed.world)
1. Be civil
No trolling, bigotry or other insulting / annoying behaviour
2. No politics
This is non-politics community. For political memes please go to !politicalmemes@lemmy.world
3. No recent reposts
Check for reposts when posting a meme, you can only repost after 1 month
4. No bots
No bots without the express approval of the mods or the admins
5. No Spam/Ads/AI Slop
No advertisements or spam. This is an instance rule and the only way to live. We also consider AI slop to be spam in this community and is subject to removal.
A collection of some classic Lemmy memes for your enjoyment
Sorry I dropped a decimal. 33.3*30
Your 401k isn't $33 million a day. It's the funds behind it that are trading daily.
.001% of $33M from the Vanguard Index means you lose .001% of the $50k in your 401k which holds Vanguard.
$33M/day is an enormous churn, even for a big pension fund. Again, I'd like to see where you're finding these numbers. The NYSE trades $18.9B/day across a pool of $52T in asset value. By proportion, you're talking about a fund with a $90B market cap showing that kind of activity.
12% of daily trades are day traders. That means 88% isn't.
https://tradeciety.com/24-statistics-why-most-traders-lose-money#%3A%7E%3Atext=Profitable+day+traders+make+up%2Cof+all+day+trading+activity.