The no arbitrage principle states everything in the stock market is fairly valued; too many people much smarter than you are combing through this stuff all day and you’re not going to figure out anything before anybody else. You don’t make money by having a hunch that nobody else has, because you need other people to buy in after you to push the price up, so your only option is to figure something out before other people inevitably figure it out. Yeah good luck with that.
I got interested in investing 5 years ago and if I could go back I would’ve worked on being useful. Actually being good at something and making a living is better than anyway of me making a living in financial markets. It’s determined I’m not going to make money legally by fine tooth combing through income statements and balance sheets. Another option is to build a following and sell all my followers down the river. Any money I made in the stock market was through watching Financial Education on YouTube and buying in before the rest of his thousands of followers bought in. Any decent money I’ve made in crypto was through getting in early on a Ponzi scheme. Nice whilst it lasts but not exactly making a living.
If I was a sociopath I would flaunt my crypto ponzi gains, read through coin gecko and give opinions on different projects whilst pulling numbers out my ass for price predictions. Then sell courses to these shmucks. Although even this market is becoming pretty saturated as of late. It’s basic supply and demand and if there’s money to be made people will come in and milk it for what it’s worth. Then they’ll bring out an NFT collection and milk that too. Hard to remain anonymous whilst doing this.
An interesting option would be to actually get involved in building DeFi applications. There’s plenty of ‘shadowy super coders’ but there’s plenty of legit dapps too. If only I knew how to code. I’ve looked at jobs in crypto and I don’t have any applicable job skills. I spent too much time learning about investing only to find out it’s almost impossible to be successful at unless you have a lot of money already. So what are the options left? De-Fi. The average Joe can actually make a decent living managing yield farms and being involved in P2E games on the blockchain. Crabada, Pegaxy, Defi Kingdoms to name a few.
You have two ways of doing this. The first (my method) is to manage my yield farms and gradually and slowly build up a bigger total amount over time. The problem is you can’t cash out any of your money doing this and it’s a lot of effort for seemingly no reward (it’s delayed gratification). I still need to work full time doing this and live off my paycheck. The second option is if you have around $50k you can manage yield farms and make enough to pay your bills each month. Escaping the rat race until defi becomes saturated in a few years. Hey atleast you’ll be making legit money without scamming or selling anybody down the river!
