Odaily News Alliance DAO co-founder responded to the previous viewpoint about “crypto bros facing stronger opponents when trading U.S. stocks” by stating that he is clear on this point because he was one of the “professional counterparties” in the U.S. stock market ten years ago. He stated, “In the U.S. stock market, for every 20 trades, about 1 trade is against my counterpart. I am aware of my level at that time and also the strength of peers like Jump and Citadel—any market inefficiency you can think of has already been completely exploited by us.” He emphasized that retail investors may “get lucky for a few months,” but the only way to make stable profits in the long run is to buy quality assets and hold them for the long term, most likely index funds. If everyone does this, the professional trading industry will not be able to sustain itself. He concluded by saying: “The worst performers at the table are always those fish who think they are sharks.”
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Alliance DAO warns cryptocurrency users trading US stocks: You think you are a shark, but you are actually just a fish.
Odaily News Alliance DAO co-founder responded to the previous viewpoint about “crypto bros facing stronger opponents when trading U.S. stocks” by stating that he is clear on this point because he was one of the “professional counterparties” in the U.S. stock market ten years ago. He stated, “In the U.S. stock market, for every 20 trades, about 1 trade is against my counterpart. I am aware of my level at that time and also the strength of peers like Jump and Citadel—any market inefficiency you can think of has already been completely exploited by us.” He emphasized that retail investors may “get lucky for a few months,” but the only way to make stable profits in the long run is to buy quality assets and hold them for the long term, most likely index funds. If everyone does this, the professional trading industry will not be able to sustain itself. He concluded by saying: “The worst performers at the table are always those fish who think they are sharks.”