Earlier quoted context omitted.
What do you mean by smoke in this context?
Retail investors can't compete with HFT in terms of order execution speed.
That would only matter if they were executing on the same trigger, wouldn't it?
Show HN: Trigger – IFTTT for the stock market
111–116 of 116 posts
Re: Show HN: Trigger – IFTTT for the stock market
#112Remember, the stock market is just gambling. Fancy tools and triggers just let you kid yourself you know what you're doing. Unless you do it as a full time job, you probably should not ever directly trade individual stocks. What do you know that the pros do not?
> Remember, the stock market is just gambling. That's quite a claim, where's the evidence to back it? There are funds[1] that have consistently beat the market every year for decades, their very existence disproves the gambling hypothesis. > What do you know that the pros do not? You're not playing the same game as the pro's so it doesn't really matter. Hedge fund/mutual fund managers are playing with millions/billio…
> That's quite a claim, where's the evidence to back it? There are funds[1] that have consistently beat the market every year for decades, their very existence disproves the gambling hypothesis.
No it doesn't. I was a professional poker player, and professionals have existed for decades. Their existence doesn't mean there's no gambling in poker.
If you're taking offense to the wording of "just gambling," sure, I can see that. Like poker, it's gambling with an element of skill. Or perhaps more aptly put, it's a skill game with a gambling element.
What makes it gambling is that you have no influence over part of the process. You can control your decisions (bet/fold/buy/sell), but the rest (company performance, turn/river cards) is out of your hands.
So yes, of course this is gambling.
Re: Show HN: Trigger – IFTTT for the stock market
#113Hey everyone! I’m co-founder and CEO of Trigger Finance, which I’m thrilled to share with you today :) Trigger is simplifying the world of stock investing by reducing everything to an “IF THIS, THEN THAT” statement, called a ‘trigger’. You can create triggers to track all sorts of things happening in the market -- for example, if a stock drops suddenly, or if Apple announces earnings at a certain level, or if the Fed…
This is neat, once IB is in I might try it :)
How are you planning to handle the user data though (who set what trigger when, etc.?) -- will you be selling it (even if anonymized) to third parties?
Re: Show HN: Trigger – IFTTT for the stock market
#114Hey everyone! I’m co-founder and CEO of Trigger Finance, which I’m thrilled to share with you today :) Trigger is simplifying the world of stock investing by reducing everything to an “IF THIS, THEN THAT” statement, called a ‘trigger’. You can create triggers to track all sorts of things happening in the market -- for example, if a stock drops suddenly, or if Apple announces earnings at a certain level, or if the Fed…
This is neat, once IB is in I might try it :) How are you planning to handle the user data though (who set what trigger when, etc.?) -- will you be selling it (even if anonymized) to third parties?
Cool! IB has an extensive API and they would be next on the list (hopefully Robinhood as well). At first it would not be automatic trading, but rather pull up an order form when the trigger fires. You can chose to set a market or limit order after the condition is met. Regarding selling the data, we have no plans to do sell it to third parties. If anything, we would like to offer insights back to the community of what we are seeing from the triggers, important levels and sell/buy interest.
Re: Show HN: Trigger – IFTTT for the stock market
#115Earlier quoted context omitted.
Could go for value based things, if P/E of S&P 500 is below 10 buy $1000 of ${ETF}
If you can come up with a systematic strategy in a one-liner, that gives you consistent, good risk-adjusted returns, let me know as I quite fancy being a billionaire. Saying that, "Buy Low, Sell High" isn't a bad strategy ;)
agreed. The hard part is not buying bad companies that have low P/E because their chances are slim to none.
Re: Show HN: Trigger – IFTTT for the stock market
#116Earlier quoted context omitted.
I was thinking the same thing. Traders already play games with amature's stop-loss orders, etc... This just looks like a tool that unsavy investors will get themselves taken to the cleaners by professional traders.
> Traders already play games with amature's stop-loss orders, etc... Can you elaborate?
There are many people who trade the market based on charts. Because the charts are well known, traders know what the sell signal is for a specific security. So, they will sell that security below the trigger so that all the suckers ... um ... people using IFTTT for the stock market will automatically sell the security. This will tank the stock presenting the pro trade with a buying opportunity.