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I spent a good few months building a system for fun/interest. Darwinex has an interesting business model - check it out - but it shows leaderboards of supposed
by 000ooo000 4y ago
I spent a good few months building a system for fun/interest. Darwinex has an interesting business model - check it out - but it shows leaderboards of supposed profit-generating trading systems.
Thing is, one will be hard pressed to find solid, relevant, detailed and current information about legitimately profitable trading strategy. Once a strategy becomes widely used, the 'market inefficiencies' being exploited cease to be readily available, so there is a strong incentive to keep a good strategy private. I vaguely remember reading about HFT firms obscuring their trading activity for this reason. Additionally you will find the online world absolutely saturated with the grifter types. So good info is hard to come by. Be prepared to learn at least the fundamentals of both trading and statistics, do lots of testing, and basically figure it out on your own because nobody successful (and smart) is sharing their reliable, profitable strategies (that doesn't mean you can't learn from them - just don't copy paste).
It is a very interesting domain though and I thoroughly enjoyed learning about it all and building mine.
- CTDOCodebases 4y agoThis is what the average punter doesn’t understand. You basically want alpha but alpha decays over time. Think of alpha as being some insight no matter how slight that a coin will land heads as apposed to tails more times than not. Now comibine this with a risk management system that involves you only risking 1% of capital (avoiding gamblers ruin) and you are off to the races.