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 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 𝘴𝘢𝘴𝘡𝘒π˜ͺ𝘯𝘒𝘣𝘭𝘺 beat bonds and the indicies."

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@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.

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