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When I first started playing with algorithmic trading I thought it would be viable to aim at a >5% per day profit and was confused why more people weren't working on it.

Several years later and with much trial and error, actual reasonable/realistic backtesting and many experiments I think that now I have the answer. A strategy that consistent provides over ~0.2% profit per day is pretty much a best case scenario.

@hugo That doesn't sound bad at all. If you'd invest 100k EUR, you get 200 EUR per day. Not bad as living wage.

@ondra if I had 100k that I could afford to risk in trading, I wouldn’t need trading algorithms to make a living :P

I’m joking but yep, I am starting to believe that it only is a valid option for someone with large capital. You could probably make more just dollar averaging on a raising market.

@hugo Someone asked my financial accounting professor a variation of "if you're so smart, why aren't you a billionaire?"

His response was something like, "I'm smart enough to know that anyone who tells you about their get rich quick scheme is lying. Focus on building wealth sustainably. It's unlikely that you'll ever 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘺 beat bonds and the indicies."

@nate yep, pretty much what I am realising. I tend to not follow common knowledge, I even avoid reading before testing something just to see if I can approach a problem with a different solution but that is pretty much the conclusion I am also reaching.

@mark true but the time spent developing, maintaining and improving is really just worth it if you don't invest (read risk) a lot of money. My goal was more to invest a small amount and grow it relatively slow but it would take many years (with all going well) to achieve what I had in mind. Not really sure if I will continue to spend time working on this.

Oh well, I am a bit bitter today because it took me years to realise this :|

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