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A comment on Algorithmic Trading with Go. Parent comment

Re:Algorithmic Trading with Go by rgbrenner on Friday June 30, 2023 @03:36PM (#36540950)
Just want to point out with 260 working days in the year:

1.005^260 = 366%

and

1.01^260 = 1329%

In case anyone sees "0.5%" _daily_ and thinks "low risk".

[ Parent | on HN ]
Re:Algorithmic Trading with Go by WestCoastJustin on Friday June 30, 2023 @03:41PM (#36541026)
Yeah, I'm not saying this is low risk. It's more about trying to build a system to be in the right place at the right time. It is massively risky. I was sort of hesitant to even write that comment because you constantly see all these youtube day traders selling courses on making 1% daily. If you try that you'll lose money extremely quickly.
[ Parent | on HN ]