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> Actually that sounds some what depressing:( If you are an algo trader, then you are always running. This is so true and what eventually made me exit this lin
by throwaway1134 10y ago
> Actually that sounds some what depressing:( If you are an algo trader, then you are always running.
This is so true and what eventually made me exit this line of work.
In most other forms of human endeavor, time works in your favor. If you're a dentist or plumber for example, as time passes, you gain more experience, build a customer base, can charge more for your accumulated skills, etc. Not so in algorithmic trading. The things that work well today slowly stop working, and you have no recourse. Always on the treadmill. I eventually decided that I didn't want the sustained worry of "what new thing must I invent today so that I can pay rent next year?"
- runako 10y ago>> The things that work well today slowly stop working Isn't that more or less a property of the technology industry as well? You have to continually reinvent yourself to remain employable, etc. Perhaps it's more acute in trading, but then again so (often) are the spoils larger.
- vegabook 10y agoI buy like 5 books a month just to try to keep up. I've got math-overload not to mention latency-depression and algo-stress. I have cuda-mares at night. Trying to keep up is so personally costly that I sometimes wonder if I shouldn't just become a carpenter. Or a gardener. Bring on the Universal Basic Income! Free me from this accelerating treadmill to oblivion!
- fapjacks 10y agoSo it's one job you wouldn't mind the robots come for?