3 ms·
Wondering how many people are now downloading this and other libs like Dart and trying to do stock market prediction or crypto price forecasting. Most of the de
by simonhughes22 3y ago
Wondering how many people are now downloading this and other libs like Dart and trying to do stock market prediction or crypto price forecasting. Most of the devs i know, myself included, have dabbled in coding up trading algorithms at some point in time.
- beckingz 3y agoIt's the classic data nerd trap. "I'm pretty good at statistics and can predict things using software... I bet I could make money in the stock market" And then they realize just how hard it is.
- SpaceManNabs 3y agothe hard part isn't the stats. it is all the information that people buy and setting up those ingest pipelines! If i had a satellite telling me when a certain big company has a lot of cars in the lot parked after hours, I could make a zillion bucks too!
- hackernewds 3y agobuying up and setting up those ingest pipelines seems easy? it's trivial to do #cars detection automatically. in fact, this sort of alternate data is pretty commonplace in firms I've worked at.
- SpaceManNabs 3y agoyou are right; it can be easy sometimes, especially if you have the expertise. i should have said that it is a bit expensive though.
- scrlk 3y agoI just hope they come across the 90/90/90 rule first: 90% of new traders lose 90% of their money within 90 days. VTSAX and chill? :^)
- hackernewds 3y agoIf it were easy, quants wouldn't be getting paid $1M in TC