comments:
So, I play poker. My PhD is in biostatistics. If you’re keen to do some memorization and are willing to risk a few grand of the dollars you have earned, small stakes poker is probably the fastest way. But the smartest way, another stats hobby is investing. I warn you, this can and will cost more than the 3-4 grand you will risk playing 1:2 poker on Fridays at your local. But, I also have gotten to the point where I work bc I love bioinformatics, not because it pays very well and I could out day trade my salary. I would say, do you have a brokerage account? If not, put 30k into an e-trade. Start your journey by reading this book (not joking, this is the most important stock book ever). Additionally, you won’t be spending your evenings watching TV anymore. I haven’t for decades. Now, your evenings will be reading the morning star and the Wall Street journal. I read 3 journal articles per night and then study the morning star reports and you’ll need to brush up a bit on browning motion. Then read this and this on on options trading. The gist here, when the company financials look good and the shape of their trades, volume history, and models look good, most people think “this is the time to invest”. No, it is not. You invest in indexes. This is the time to exercise a call option over a short / medium/ or long(er) time horizon, the probabilistic model maps itself to brown-ish motion. User be ware this is not for the sissies. You play these games, poker and investing and you gotta have the guts. You cannot be good at either without understanding risk, and not risk like stupidity, risk like we refer to risk. If you don’t have the stomach, keep your 401k where it is and learn to code. Go get a job as an engineer. But if you’re seriously out of work and need money, I make more money day trading that my salary and I make a livable wage playing in poker tournaments. It’s there if you are willing to learn.