The business model of Wall Street is fraud.
— Bernie Sanders (@SenSanders) January 28, 2021
Yes it is.
And the reason I make money is you don’t have to be smart when you can commit legal fraud, and the Wall Street people absolutely are not smart. Since I am a minnow, they don’t notice me nibbling. I get away with taking a few thousand here, a few thousand there.
What they do is pretty predictable, and all you need to know is a little psychology and to be smarter than 60% of them and their crappy algoritms. Which, frankly, is very easy.
If they actually were smart, I could not do what I do.