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unnaturalgenius t1_jegpjk7 wrote

Reply to comment by nkyguy1988 in financial education advice by [deleted]

currently investing in the s&p 500, but trading caught my eye especially because of the returns but I am aware of the immense risks.

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nkyguy1988 t1_jegpsrg wrote

Most people who get paid to manage funds fail to beat the average about 80% of the time. The longer the time frame, the worse the failure rate. You aren't better than them. Good investing is extremely boring in practice.

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TyrconnellFL t1_jegruaa wrote

The problem isn’t the risk (100% loss) but the average. On average, day traders lose money. 80-90% of them do. Of those who come out ahead, for all the effort the majority still don’t keep even with boring S&P 500 investing. You would be spending time and effort and taking on risk in order to, in most cases, lose, and in better cases still lose compared to just not.

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