Re:How the Flash Crash Trader’s $50M Fortune Vanished
by MR4D on Monday February 13, 2017 @04:03PM
(#13638742)
I agree with your second point. As to my wording on your first point, I should explain a bit more....
"Easy" means that it's not technically hard to do. For instance, anyone who's lucky enough can win 30 times their money in roulette. It's "easy", but rare - only 2-3% of people do it.
For contrast, "hard" to me would be something like trading gamma-delta option spreads.
Technically, just about any investor do the former (although they'd have to be lucky), while few can do the latter.
Final point - I consider being lucky consistently is damn near impossible (although statistically, I guess it happens to a few of the 8 billion people out there).
"Easy" means that it's not technically hard to do. For instance, anyone who's lucky enough can win 30 times their money in roulette. It's "easy", but rare - only 2-3% of people do it.
For contrast, "hard" to me would be something like trading gamma-delta option spreads.
Technically, just about any investor do the former (although they'd have to be lucky), while few can do the latter.
Final point - I consider being lucky consistently is damn near impossible (although statistically, I guess it happens to a few of the 8 billion people out there).