To be honest, I was a bit disappointed with this article. I'm aware of the author, I own two of his books, and he certainly knows what he's talking about. How

To be honest, I was a bit disappointed with this article. I'm aware of the author, I own two of his books, and he certainly knows what he's talking about. However, there wasn't really too much actionable advice in it. I don't think I actually saw any advice as to how to become an algorithmic trader in the post. I think I actually wrote a better answer in a previous post here: https://news.ycombinator.com/item?id=8699260 https://news.ycombinator.com/item?id=8699260 The sad fact is that if you want to get into algorithmic trading you really have 3 choices. 1) got to MIT, get an undergrad in math/engineering, apply to TradeBot, Virtu, Getco, Jane Street. This provably works as this is how these firms hire, sadly its not very applicable for most people. 2) Get into a small and successful fund that was previously a prop shop( traders without any algorithmic tooling and then start to build it out yourself. This can work, but its a very hard and long slog. You'll be creating everything from scratch and wont' have alot of people to bounce technical ideas off of. This might be the hardest way to break into the industry, as you'll essentially be creating a new company inside of an existing one, but it is possible, as this is how I did it. 3) Get hired in a technical capacity with a major algorithmic trading firm and move up. The key here is to not be in a strictly technical capacity for more than a few years. The industry has a tendency to box people into their current roles. You have to make people aware of what your goals are. Shadow the best traders you can find. Be mentored by the technical talent who writes the strategies. Get as close to the money as possible! I lied there is actually a secret option 4) You can go it alone and trade your own money. I really don't recommend this to people as you need a minimum of $50,000 to $100,000 to do this well. Its hard as you won't have anyone to bounce ideas off of or to lean on when times are tough. The biggest problem I've seen with going it on your own is that since 2009 we've been in a huge bull market. Everyone is making money. We haven't had a challenging market for 5 years so if you've been trading for less its hard to know if its you who is making money(alpha) or if its the market(beta). I really don't try to time the market but I have a feeling that late next year people who have been trading their own strategies will start to find out what its like to trade in a bear market. Someone privately messaged me about math. For each of these options, I find math, specifically stats, to be very important. The hard part is getting programmers to learn stats. There is an old Simpsons episode where Homer is trying to learn about marketing. He starts with a huge book on marketing reads it for a few minutes and then goes to a beginners guid to marketing before finally looking the definition of marketing up on the internet. Don't be afraid to learn math this way. I usually recommend people read chapters 2-5 of Introduction to Statistically learning http://www-bcf.usc.edu/~gareth/ISL/ http://www-bcf.usc.edu/~gareth/ISL/ If you are flying through it then graduate to Elements of statistical learning http://statweb.stanford.edu/~tibs/ElemStatLearn/ http://statweb.stanford.edu/~tibs/ElemStatLearn/ If you are working hard to understand Intro to statistical learning then go to Kahn Academy and spend 2 weeks doing all their stats lessons. I feel like I'm repeating my self but there are no free lunches. You need to work to learn the material. Don't be afraid to go back to basics. On his book recommendations, Trading and Exchanges is awesome. Michael Lewis' Flash boys is not, read Scott Patterson's DarkPools instead http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/0307887189 http://www.amazon.com/Dark-Pools-Machine-Traders-Rigging/dp/... If you are determined to read Flash Boys then atleast read the counter argument by a HFT https://news.ycombinator.com/item?id=8577237 https://news.ycombinator.com/item?id=8577237 Its a much more enlightening read and is only a few dollars:)