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There's a lot of criticism here, but as someone who has never done algorithmic trading before - it's very exciting. I don't believe Quantopian's intention was t
by Shenglong 14y ago
There's a lot of criticism here, but as someone who has never done algorithmic trading before - it's very exciting. I don't believe Quantopian's intention was to target veterans, since I'm sure you vets have your own system for testing and trading already worked out.
As a newbies with no experience in the field at all, it is unlikely that I would've even tried without a platform such as this. If Quantopian's intention is to bring more people into the field and get them exposure, even now, it's quite an impressive stepping stone.
- confluence 14y ago> As a newbies with no experience in the field at all, it is unlikely that I would've even tried without a platform such as this. If Quantopian's intention is to bring more people into the field and get them exposure, even now, it's quite an impressive stepping stone. This assumes that people with an inability to get experience should get into a field where one can lose one's shirt in less than 24 hours whilst competing against some of the smartest people on Wall Street. There are barriers to entry to various things for a reason - e.g. driving, steel milling etc. It's to stop newbies getting shot.
- Shenglong 14y agoYou can lose all your money in so many ways; a reasonable expectation is that players will use caution, and hedge their risks. Applications aren't meant to teach common sense.