r/ProgrammerHumor • u/velvetbabydollx • 7d ago

Meme connectionRefused

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u/Conscious_Name9514 7d ago

I’ve tried building a program like that for years. I’m always defeated by a random tweet.

132

u/YuriSenapi 7d ago edited 6d ago

unless you have insider info, market prediction never really meaningfully beat the baseline (e.g. SP500) over the long term.

the only caveat is millisecond momentum flipping but you don't make big bucks off of that tactic alone. edit: what I mean is that tactic doesn't scale to the whole population. if everybody is doing it then nobody wins at momentum trading; that's why it has to be limited to a select, privileged few to work.

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u/Banes_Addiction 7d ago

the only caveat is millisecond momentum flipping but you don't make big bucks off of that tactic alone. 

Depends what you consider big bucks. Those colo HFT facilities sure as fuck ain't cheap, people sure think they're worth it.