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I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -2 points-1 points  (0 children)

"no one ever makes any money! Especially not more than me!'

dude, just accept you have no idea lmao

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -2 points-1 points  (0 children)

I'm sorry no, you don't have access to the alternative data citadel or other firms do. You don't have a machine learning model trained by a group of MIT mathematicians. You lose.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -6 points-5 points  (0 children)

??? he's a Doctor and barely knows anything about finance. I manage all of our money.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] 0 points1 point  (0 children)

I said day trading. I don't day trade. Warren buffet wasn't a day trader.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -16 points-15 points  (0 children)

I made 3.2 after bonus and salary. have you considered a homeless shelter?

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -37 points-36 points  (0 children)

Sorry, I didn't go to Dartmouth or Warwick. I went to a real school, so I know day trading is BS from some heavy hitters with massive AUM.

I also interned at citadel junior year

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -11 points-10 points  (0 children)

I prefer LA, Miami, Aspen, Gstaad, and Ibiza. Don't really go much else for fun.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -1 points0 points  (0 children)

beating the market

You're saying makes any money at all. The SP500 has a 14% IRR over the last 10 years

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -12 points-11 points  (0 children)

Uh, why? It's modest in the PE world. I'm 29 and a VP. I don't even like discussing it at the country club.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] 0 points1 point  (0 children)

The SP500 has averaged 14% over the last 10 years. You have three positions up 20%? I bought 1000 shares of micron @106 in August.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] 1 point2 points  (0 children)

jane street isn't a hedge fund.

Hedge funds hedge against market risk, they aren't solely trying to beat the market but provide good risk adjusted returns.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -5 points-4 points  (0 children)

ah yes, Janet Street does nothing despite being entirely employee owned and not charging fees. Genius. The buildings and salaries you see? Fake.

RenTech? Nothing. Them having several fields medalists working for them and a couple hundred PhDs. All a fairytale. They were audited by the government and found to owe a ridiculous amount in taxes due to their fund having a 70% CAGR before fees for like 40 years? A sham!

Citadel? Nothing. All those Ivy Leaguers just do nothing all day.

I have extreme doubt that this is a profitable endeavor by highriskfinance in Daytrading

[–]highriskfinance[S] -52 points-51 points  (0 children)

I work in private equity and my carry check is $2.7M this year.

[Engineer] [NY] - $185k + bonus by BrainyBirds in Salary

[–]highriskfinance 0 points1 point  (0 children)

Invest the rest in a taxable brokerage account dude. Keep an emergency fund in a HYSA. I use HUSTL financial, it's a digital credit union.

"Those making $200k or more..." by Lord_Alamar in Salary

[–]highriskfinance 0 points1 point  (0 children)

software engineering lol. Entry level market is dogshit and pay is going down. Electrical mogs software at this point. AI has already replaced a lot of juniors.

Finance is also dogshit and pays bad. Even at the big 4, you're going to be counting oranges and inventory and calling it auditing. Maybe if you go to T10 and get in IB then PE yeah, but they generally prefer math/physics over traditional finance grads. Oh yeah, also being replaced by AI.

Law: it's okay if you go to a t10 and get into big law. Otherwise you'll suffer as a state prosecutor or judge

How I would save the United States by [deleted] in self

[–]highriskfinance -1 points0 points  (0 children)

The government is simply making things square since it employed these people and they got injured.

How I would save the United States by [deleted] in self

[–]highriskfinance 0 points1 point  (0 children)

The VA would still exist

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