Why is retail money called as 'dumb money' on Wall Street? :P

@Keshu11

you may not want the answer or like it , but here goes.

Dumb money thinks they can just get a computer + trading account and read some books on trading and start making money.

you want to trade like smart money, then you must go them to learn.

Go work for a brokerage or a fund house/hedge fund or work as a analyst . learn and get all the experience you can.

But be warned , you may not like it or the hours or even the pay.

Trading business has become so competitive these day and going forward, it is now very difficult to even enter into the industry.

But then again , you are passionate about trading so nothing should stop you.

Don’t think that you can just read some books or go to some forum and even pay someone to teach you to trade like a professional. That simply wont work.

Good luck.

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