3 ms·
It'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 the
by beckingz 3y ago
It'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