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dont-trd-chartson Teaching People to Trade Stocks Is Like Starting Them on Heroin – Munger

Markets are like crack: very addicting. Futures especially. It can be an unhealthy obsession where you cannot sleep, constantly doing a prediction loop watching where the market goes 24 hours a day, sleep deprived, drawn to the ticks up and down.

dont-trd-chartson Teaching People to Trade Stocks Is Like Starting Them on Heroin – Munger

No I was a beginner and collected futures tick data and used C++ and Qt to make OHLC data, hack together testing algorithms and charts. This was years ago. It was crude as I was a beginner.

dont-trd-chartson Teaching People to Trade Stocks Is Like Starting Them on Heroin – Munger

It’s common for a programmer to want to write an algorithm that tries to beat the market. For better or worse, that’s what motivated me to want to learn how to code.

The wisdom of driving people away from trading does make sense however