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I started to make much more money by just spending the same amount of time writing enterprise software. HFTs made it very hard to find a moat in technical tradi
by throwAGIway 2y ago
I started to make much more money by just spending the same amount of time writing enterprise software. HFTs made it very hard to find a moat in technical trading, I don't believe you can beat them at their own game today; I especially don't think you can just make something and get passive income from it - that was never the case, it was always a job, though very flexible one.
I switched to stock picking based on the premise that the market at large might be momentarily irrational because it doesn't have the same insight into the tech industry as I do - e.g. I made good profits on AMD between $30 and $150, Nvidia $100 to $400, some medium term trades on Supermicro and TSMC.
- mmarian 2y ago> I started to make much more money by just spending the same amount of time writing enterprise software As in a day job in enterprise software? How come you didn't consider joining an asset management firm as a quant dev? I heard they're very lucrative. > I switched to stock picking based on the premise that the market at large might be momentarily irrational I see, sounds like a momentum strat.
- throwAGIway 2y agoYeah, a day job. I'm not in the US and there are no such quant positions that would accept me remotely and/or pay more than the remote-only US corporate job I have. But I'd probably avoid it even if I was in the US, I don't like long hours and stress.
- mmarian 2y agoMakes sense. Appreciate the conversation! Don't have people to talk to in my personal network about this topic.
- throwAGIway 2y agoCheers and best of luck