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Hey, you were the algotrader guy! Congratulations!

by gallerdude 9y ago

SirLJ 9y ago
Thanks! I wish to everyone do the same one way or another, the FY money are the ultimate freedom in life...
- gallerdude 9y ago
  I’m all for FY money, but unfortunately in college I don’t have a lot of spare change to optimize trading bots on.
  - SirLJ 9y ago
    You will one day! the future is still in front of you and good for you you are starting to look around and paying attention...
    - gallerdude 9y ago
      Thanks, I appreciate the optimism!
- Blackstone4 9y ago
  @SirLJ - Have you read Ernst Chan's book Quantitative Trading: How to Build Your Own Algorithmic Trading Business? If so what do you think?
  - SirLJ 9y ago
    Hey, yes, I know who he is and no, I didn't read his books, simply because I don't think any sane person will publish a working trading strategy... even if someone does, it will be quickly arbitraged away... Maybe the book has some truth to it and maybe it is a good read, but the fact is you'll have to put a lot of time and work to find an edge in the market... good luck and just remember, those people are making more money from books and "education" services than on the market itself... some of them don't even trade...
    - Blackstone4 9y ago
      Thank you for the feedback. I get the impression he is fairly legit. He's not sale-y and he doesn't share his trading strategies in the book. It's more on how you go about it i.e. setup, back testing... My understanding is he still runs money today and the books are a side thing. I could be wrong though. From reading your submissions, I might guess your British. Is that right? If so how do you deal with stamp duty on shares? Or do you avoid it by trading else where like in the US?
      - SirLJ 9y ago
        Hi again, maybe the book is worth it, I honestly don't know, but to back test trading strategies, you only need data and python... Also I don't live in the UK, so I have not researched this and I would strongly recommend talking to a good accountant to avoid costly mistakes...
        Blackstone4 9y ago
        Thanks

Hey, you were the algotrader guy! Congratulations!

SirLJ 9y ago

Thanks! I wish to everyone do the same one way or another, the FY money are the ultimate freedom in life...

gallerdude 9y ago
I’m all for FY money, but unfortunately in college I don’t have a lot of spare change to optimize trading bots on.
- SirLJ 9y ago
  You will one day! the future is still in front of you and good for you you are starting to look around and paying attention...
  - gallerdude 9y ago
    Thanks, I appreciate the optimism!
Blackstone4 9y ago
@SirLJ - Have you read Ernst Chan's book Quantitative Trading: How to Build Your Own Algorithmic Trading Business? If so what do you think?
- SirLJ 9y ago
  Hey, yes, I know who he is and no, I didn't read his books, simply because I don't think any sane person will publish a working trading strategy... even if someone does, it will be quickly arbitraged away... Maybe the book has some truth to it and maybe it is a good read, but the fact is you'll have to put a lot of time and work to find an edge in the market... good luck and just remember, those people are making more money from books and "education" services than on the market itself... some of them don't even trade...
  - Blackstone4 9y ago
    Thank you for the feedback. I get the impression he is fairly legit. He's not sale-y and he doesn't share his trading strategies in the book. It's more on how you go about it i.e. setup, back testing... My understanding is he still runs money today and the books are a side thing. I could be wrong though. From reading your submissions, I might guess your British. Is that right? If so how do you deal with stamp duty on shares? Or do you avoid it by trading else where like in the US?
    - SirLJ 9y ago
      Hi again, maybe the book is worth it, I honestly don't know, but to back test trading strategies, you only need data and python... Also I don't live in the UK, so I have not researched this and I would strongly recommend talking to a good accountant to avoid costly mistakes...
      - Blackstone4 9y ago
        Thanks