Do we live in the golden age of day trade?

It is common for people to complain that the past was the “golden age” for one or the other thing and how our current times have gone to the dogs. This may be true sometimes, although I am pretty sure for daily trade that the past and the future cannot match the opportunities we have.

It was literally impossible for individuals in daily trade for individuals. Before 1971, they had to be physically present on the ground of a stock exchange to act securities. A few more years later, the Securities and Exchange Commission removed solid brokerage commissions and lowered the commercial costs.

Things were finally more practical in the nineties when PC computer became more demanding and the Internet became a household word. Nevertheless, it took some time for broadband to cost no assets. For example, a megabit of data cost 28 US dollars in 2000, and it had dropped to 64 cents by 2020.

In practice, it has only been astonishing tools that we have today because day dealers have been invented at all. Charting systems have become highly developed and adaptable so that I can see Exactly The time intervals and conditions that I wish several stocks in real time. Just as important that I can learn to act in a realistic daily trade simulator and to build my skills as long as necessary until I have proven that I have not been a mortal danger to my bank account. Oh, and as I recently written in an article, I can take this computing power in a backpack and trade while I travel everywhere.

It gets better. In the old days, only the richest people had access to new information. Andrew Carnegie, who was the richest person in the world at some point, began his career as a telegraph writer. He worked for people in Pittsburgh who used a telegraph line that came to New York to obtain information and create goods business before the newspapers were printed and delivered. Now we are in a world in which even governments spend official statements about social media, and the company news arrives at the same time for everyone who wants to.

Minimum accounts have dropped so that I can make with a US account for only $ 25,000. If I want to trade a foreign account in the United States, this minimum can be up to 500 US dollars.

That brings us to the present. Don't get me wrong: I don't say that the day trade is now easy. On the contrary, I did more than 20,000 shops in my career and I'm sorry to say that I am regularly humble from this profession. The markets are reset every day, and for some reason they do not take care of dealing with Ross Cameron, a professional day dealer.

If it is a great time to act today, you can reasonably be surprised: If the day trade is so good, why not noticed Warren Buffett and Wall Street? Why didn't you paint checks for a few billion dollars so that you can dominate the entire market?

Fair question. The answer is that we are too small. If there is a curse to become too successful, you have to hunt elephants forever. If you manage money that were measured in 12 or 13 digits, you have to concentrate on spectacular opportunities to move the return at all.

Now look at the typical day trade transaction. I can quickly buy and sell a few hundred thousand dollars or maybe a million. But if I try to invest much more than that, prices will move and my fleeting opportunity will be lost.

All of this is to be said that the day trade is currently flying under the radar of big dogs. But will it stay that way?

I do not think so. Think about what happens to AI. A few years ago, AI was an experiment in laboratories treated by researchers in white coats. No, it's everywhere. Not a day goes by if AI does not offer to summarize our e -mails, report to us, to answer our questions and even to make our photos look like we want. Some AI systems in the United States spend around 100 million US dollars to “train” their models, and now China's Deepseek claims that it can train its model for $ 6 million. The competition lowers the costs even for this other artificial intelligence.

Relatives: A financial dilemma of US 60 trillion

I have dealt with training AI systems to make day retail, and so far they have not grown. Just like completely autonomous self -driving cars, we sometimes have to take the wheel to avoid a disaster. But it's pretty clear where things go.

Later or maybe earlier these systems will be smart enough to remember every single rule that I can throw on them and they will suggest new ones. This means that the cozy little niche, which we call Day Trading, move into the crosshairs of dealers who have reduced their costs so that they can now concentrate on the US ammosic bitter.

Relatives: The guideline of the smart entrepreneur for thriving in uncertain times

Many people make brave predictions from AI, but of course nobody knows when the next big border will be crossed. If my children decide to step into my footsteps, they probably don't have to remember all the rules that I have in my head when I rated a great trade option. You will have some other challenging tasks, e.g. B. the decision as to which AI models you should mix to optimize your participation in the Mars exchange.

Fortunately, I don't have to deal with these high problems. If you are so inclined, I suggest that you and I take advantage of this current opportunity in day trade, become as good as possible and do hay while the sun is still over.