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Was interested in stock trading robots a while ago, just had a look back through your comments/submissions and this seems to be a common theme - Do you have any
by iSloth 9y ago
Was interested in stock trading robots a while ago, just had a look back through your comments/submissions and this seems to be a common theme - Do you have anywhere you write a little more on your experiences in this area, or do you prefer to keep that under wraps?
- SirLJ 9y agoYep, unfortunately, due to the nature of the business, I would not share any details...
- fspear 9y agoAny tips for noobs?
- SirLJ 9y agoGet yourself a small linux box, install python, get some back data and start testing any trading idea you ca come across the web for free or from books form the library - all of them will fail, but it will give you other ideas to test and one day hopefully you'll find your edge... From there it's easy to automate...
- vfulco 9y agoAnd recognize you are up against the smartest brains in the world on discretionary and automated basis, some of whom can transact at sub-second frequency. Unless I see audited results from a reputable firm, everyone is full of BS. Don't believe everything you read. ~~a 25 year veteran of the markets, hedge funds, CTAs, equities, commodities, you name it.
- SirLJ 9y agoEDIT: it’s not easy, but also it’s not easy to become a doctor, professional athlete or a rock star either
- deleted 9y ago[deleted]
- nicholas73 9y agoAny reason not to use a service like Quantopian?
- SirLJ 9y agoMaybe I am paranoid due to my "real job" in systems/security, but here is why I would never use a service which will hold my trading strategy algo, especially in the cloud because: 1. Those are startups with limited funding and not too many employees, so they are the perfect hackers target for the perfect crime, the hacker don't have to steal anything, just copy the best strategy from time to time and use it until obsolete or just bet against you for example... 2. I don't see a 3rd party verification and audit on what exactly the employees of those companies have access to - if I am a rogue hedge fund, I have to compromise only one employee in such a company and ask him to send me all best trading strategies every month for example... 3. Hedge funds are major investors in such companies, the question is why and what information they are getting...
- danvoell 9y agoCan you ellaborate? Are there any good testing set up platforms or tutorials?
- kevindqc 9y agoI know this is not a get rich kind of thing, but how long did it take before you saw significant amount of money coming your way? I would LOVE to be financially independent. I'm just wondering, if I get into quantitative trading, how many years that would take
- SirLJ 9y agoFrankly, it took me years, because as everyone, I took the wrong path in the beginning - technical analysis, books... After that I had to unlearn the bad habits and start clean...
- kevindqc 9y agoOh, that's what I started doing. haha..ha
- aryamaan 9y agowhat's the right path? If you can't tell this because you consider it as a secret ingredient of your recipe, what are the things one should avoid?
- SirLJ 9y agoOK, 1st back test a lot, at least 1 or 2 market cycles to make sure your winning strategy is not correlated to the bull market only for example... What to avoid: avoid everyone who is selling trading strategy (in a books or online gurus and signal sellers), no sane person will do it, because the more people(money) are trading a strategy, the less effective it will become overtime...