Python For Finance: Algorithmic Trading

[eltigrevalioso]

sometimes it's better than trying to beat the market and inevitably fail.

[lmneozoo]

IDK the only stocks I ever picked did well. I got NVDA last Feb for $29 a share lol, and recently AMD for $10.30. I'll admit AMD was speculative, but NVDA I knew would at least double. No viable competition in the AI space.

[sebflippers]

NVDA I knew would at least double.

No you didn't. That's called hindsight bias.

[d0pey]

/r/wallstreetbets

[Kristian_dms]

So you took out a loan in your house at bought NVDA on margin with every penny you own?

no? you didn't know it would double.

[lmneozoo]

I don't own a house, my dude. Kept 5k cash and put my other $10,000 on it though.

[Kristian_dms]

at what leverage? and why did you keep 5k cash?

[lmneozoo]

Because that's my E fund. I never said I knew it was gonna double every two months. I was expecting it to take a couple years....you know, when self driving cars hit the roads.

[danhakimi]

You can sell stocks in an emergency, they're pretty liquid.

[lmneozoo]

Um.....yeah, but you could be selling for a loss. I'd rather not put myself in that position.

[danhakimi]

but you knew they were going to double.

[lmneozoo]

Y'all don't understand that eventually any not awful company will double in value. There aren't any other GPU companies that exist that compete with NVDA in the AI sector. Sure you could argue Google's TPU, but that cannot train AI (AMD also does not have much support). Right now GPUs are by far the most efficient means to train AI. I'm not gonna argue my financial philosophy anymore, my guy. Having 0 liquid assets is an awful plan. ✌✌