> Currently applying for dev positions on several companies. Is there a way to contact you regarding this - specifically Algo trading software related?
Hi! My email is matias.mingo@gmail.com
Show HN: Algorithmic trading for everyone
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Re: Show HN: Algorithmic trading for everyone
#22isn't algorithmic trading essentially about leeching from others. i wouldn't call it investing.
No, algorithmic trading is not about leeching from anyone in any intrinsic way. Like all trading there are good and bad actors, and bad actors get a lot of press. The two biggest roles that “algorithmic” or “high-frequency” or “electronic” traders play are: - market making: someone has to warehouse a bunch of thing A a and thing B so that buyers or sellers can find a counter party. this used to be an Italian guy from…
How are market makers using algo trading to warehouse a bunch of stock?
Re: Show HN: Algorithmic trading for everyone
#23Just an FYI, there is a company that spent 5+ years building a no-code algo trading platform and it's pretty slick: https://optionalpha.com/ Of course, competition is always good for innovation though. It looks like they are integrating with brokers to avoid the KYC issues (however, there is certainly a lot of liability in automatically placing orders though). You will still need to get live market data from somewhere but the compliance for that isn't quite as crazy.
Re: Show HN: Algorithmic trading for everyone
#24Re: Show HN: Algorithmic trading for everyone
#25Re: Show HN: Algorithmic trading for everyone
#26Earlier quoted context omitted.
No, algorithmic trading is not about leeching from anyone in any intrinsic way. Like all trading there are good and bad actors, and bad actors get a lot of press. The two biggest roles that “algorithmic” or “high-frequency” or “electronic” traders play are: - market making: someone has to warehouse a bunch of thing A a and thing B so that buyers or sellers can find a counter party. this used to be an Italian guy from…
How are market makers using algo trading to warehouse a bunch of stock?
The use of models and algorithms is in an effort to not get caught on the wrong side of a big move, the technical term for this is adverse selection, more colloquially “getting lifted”. If someone is coming through with a massive order and you fail to anticipate this and cancel in time, you’ve effectively subsidized a block trader. Market makers want to participate on both sides picking up a small fee (typically one tick) for providing liquidity in a market that is seeing price action in both directions. They don’t want to get run over by agency execution people trying to lay off 21 billion in Tesla stock.
The common misconception is that in order to sell you a share of AAPL, the market maker first buys it cheaper and then sells it to you in some unfair way. There isn’t time for that: they already had inventory.
Re: Show HN: Algorithmic trading for everyone
#27One potential target audience might be employees / executives of publicly traded companies. If Alice owns stock in her employer or her employers' partners / suppliers / clients, she may be very interested in an algorithmic position manager to help her achieve her financial goals (e.g. selling down if the position exceeds a certain percentage of her net worth). The main reason Alice would like this is to create an aud…
This blew my mind. You genius lol. Lets talk. matias.mingo@gmail.com
Re: Show HN: Algorithmic trading for everyone
#281. Takes months/years to develop a profitable trading strategy with a team of people. 3.5/mo on multiple algorithms is kinda laughable.
2. The adverse selection here is really really high: if you could generate alpha, you would find some capital from a big multi-manager or allocator (which is incredibly easy to get these days), and just focus on running their money. The fact that you are making a retail focused site instead of raising private capital says a lot.
3. Looking over the trading algorithms, seems pretty clear that you don't have a background at a prop firm or a quant hedge fund? It takes years to learn this stuff, and the only way you can reasonably do it before going out on your own is at an established shop.
Sorry to be a little harsh, but something like this is never going to work and no one in their right mind should allow your algorithms to trade for them. Generating alpha is incredibly incredibly hard, and teams of experts often spend years working on it with nothing to show for it.
Re: Show HN: Algorithmic trading for everyone
#29Re: Show HN: Algorithmic trading for everyone
#301. Takes months/years to develop a profitable trading strategy with a team of people. 3.5/mo on multiple algorithms is kinda laughable. 2. The adverse selection here is really really high: if you could generate alpha, you would find some capital from a big multi-manager or allocator (which is incredibly easy to get these days), and just focus on running their money. The fact that you are making a retail focused site…
Thank you for your feedback. It's a work in progress. Being the only developer, an engineering student and a part-time freelance dev at the same time, it's hard to keep up with the maintenance of the algorithms and keeping the platform working perfectly. 3.5 months was the time i developed full-time. Some of the algorithms have been running since aug 2020