16 ms·

I am skeptical about this. If it were possible, would many programmers not do this ? Moreover, the OP lives in Pakistan not the US

SirLJ 9y ago
this is what I am wondering, why smart knowledgeable people are afraid to try, it costs nothing, but time... There are many international brokers, you don't have to live in the god old USA to trade the stock market...
- hluska 9y ago
  Stock trading costs nothing but time??? Stock trading, particularly when you're working with less than millions, is a very easy way to lose most of your capital.
  - SirLJ 9y ago
    Building trading strategies cost nothing, but without one, you better go to Vegas with your million, you'll have the same chances of making money...
    - hluska 9y ago
      Nobody will get paid to build a trading strategy until they've already used it (or another strategy) to show high returns. The OP is looking for a way to make an extra $10,000 a year. This does not fit that criteria.
      - SirLJ 9y ago
        He is going to get paid after he builds the strategy... still better odds compared to the other advices like going door to door or working for minimum wage in India
- csa 9y ago
  Because the road is paved with the bodies of those who have tried and failed. I mentioned this to you in another thread, but you simply need to be more specific with your advice. Your median smart person trying to do QT does not beat the market over any reasonable time horizon. Most just flat out do worse before quitting. This person is looking for a solid $10k per year. Suggesting that they do QT is about the same level of usefulness as telling them to write a book and get it published. Sure, it's doable and perhaps even not that difficult for some people, but it's not particularly actionable information. To provide a contrast, the advice I would give would be something like this: - Go to stackingthebricks.com from Amy Hoy. - Learn how to find a niche market of professionals and find their pain points. - Learn the fundamentals of making a product or service that these people want (e.g., an e-book) and how to market it via Amy's various writings and those she links to (her network has many prolific writers). - Execute. This is a formula that is actionable but also has enough abstraction such that the reader can tailor it to their own preferences. If you could do this for QT, your suggestions will likely stop being down voted so much.
  - SirLJ 9y ago
    Yep, writing an ebook for 10k is a great idea!
    - csa 9y ago
      Agreed... some people hit $50k or more.
      - SirLJ 9y ago
        So the question is settled, I am sure the OP will do a few of those and will retire at the end of the year...
jetti 9y ago
I'm actually going about building a platform to do algo trading of equities and forex. There is a lot to learn in the finance markets before going down this path and not everybody wants to take the time to learn it.
- SirLJ 9y ago
  Same can be said for any business venture... there is no free lunch, you have to work for it..
  - jetti 9y ago
    True, but for most it is similar to getting into a niche which the found does not actively understand or have experience in. Another thought I had is that the developers that would most likely want to do this are the same ones who are most likely not allowed to do this. I worked at a clearing company as a dev and FINRA was very explicit in what I can and can't do in my free time when it comes to trading. I could only use specific brokers. I probably had a bit more flexibility as I was only bound by FINRA and NFA (National Futures Association). If you are in a trading firm I'm sure they have even stricter rules about individual algo trading.

SirLJ 9y ago

this is what I am wondering, why smart knowledgeable people are afraid to try, it costs nothing, but time... There are many international brokers, you don't have to live in the god old USA to trade the stock market...

hluska 9y ago
Stock trading costs nothing but time??? Stock trading, particularly when you're working with less than millions, is a very easy way to lose most of your capital.
- SirLJ 9y ago
  Building trading strategies cost nothing, but without one, you better go to Vegas with your million, you'll have the same chances of making money...
  - hluska 9y ago
    Nobody will get paid to build a trading strategy until they've already used it (or another strategy) to show high returns. The OP is looking for a way to make an extra $10,000 a year. This does not fit that criteria.
    - SirLJ 9y ago
      He is going to get paid after he builds the strategy... still better odds compared to the other advices like going door to door or working for minimum wage in India
csa 9y ago
Because the road is paved with the bodies of those who have tried and failed. I mentioned this to you in another thread, but you simply need to be more specific with your advice. Your median smart person trying to do QT does not beat the market over any reasonable time horizon. Most just flat out do worse before quitting. This person is looking for a solid $10k per year. Suggesting that they do QT is about the same level of usefulness as telling them to write a book and get it published. Sure, it's doable and perhaps even not that difficult for some people, but it's not particularly actionable information. To provide a contrast, the advice I would give would be something like this: - Go to stackingthebricks.com from Amy Hoy. - Learn how to find a niche market of professionals and find their pain points. - Learn the fundamentals of making a product or service that these people want (e.g., an e-book) and how to market it via Amy's various writings and those she links to (her network has many prolific writers). - Execute. This is a formula that is actionable but also has enough abstraction such that the reader can tailor it to their own preferences. If you could do this for QT, your suggestions will likely stop being down voted so much.
- SirLJ 9y ago
  Yep, writing an ebook for 10k is a great idea!
  - csa 9y ago
    Agreed... some people hit $50k or more.
    - SirLJ 9y ago
      So the question is settled, I am sure the OP will do a few of those and will retire at the end of the year...

jetti 9y ago

I'm actually going about building a platform to do algo trading of equities and forex. There is a lot to learn in the finance markets before going down this path and not everybody wants to take the time to learn it.

SirLJ 9y ago
Same can be said for any business venture... there is no free lunch, you have to work for it..
- jetti 9y ago
  True, but for most it is similar to getting into a niche which the found does not actively understand or have experience in. Another thought I had is that the developers that would most likely want to do this are the same ones who are most likely not allowed to do this. I worked at a clearing company as a dev and FINRA was very explicit in what I can and can't do in my free time when it comes to trading. I could only use specific brokers. I probably had a bit more flexibility as I was only bound by FINRA and NFA (National Futures Association). If you are in a trading firm I'm sure they have even stricter rules about individual algo trading.