doing useful things that suck

common argument...

points at prop trading firm with ultra-low latency infrastructure and sophisticated modeling techniques

"you, an individual, could never compete with that"

of course.

you shouldn't even try.

so why can many of us small speculators do ok?

by playing totally different games

generally, you got two things in your favour:

  1. ability to pick spots
  2. ability to go after small opportunities.

The basic idea is:

  1. do useful things
  2. in uncompetitive places

What is useful?

but lots of people are trying to do that.

doing useful things is a competitive business.

so, you need to find places to do it that kinda suck.

do useful things that kinda suck, basically.

yeah, I know, real glamorous right?