Apologies as this is not directly related to the post - what books/other resources would you recommend for someone who wants to get into algorithmic trading?
Not OP can check out algotrades subreddit perhaps
Show HN: Algorithmic trading for everyone
51–60 of 81 posts
Re: Show HN: Algorithmic trading for everyone
#52Earlier quoted context omitted.
Agreed very much. Especially in crypto you see a lot of (more than luck) success with quants/traders with no prior trading experience.
You do? Where? I can name all the most profitable shops and every single one of them is staffed by ex tradfi prop shop guys. edit: actually no, I can think of a couple counter-examples of successful firms started by people with no professional trading background, but it's exceedingly rare. PS: My original comment came off as exceedingly harsh and am sorry for that. OP if you read this mb, just got kind of triggered f…
You don't have to consistently generate alpha to make bucks as a small time trader. Even a simple strategy like buying dogecoin everytime elon tweeted about it was a sureshot way to makr money in the crypto market
Re: Show HN: Algorithmic trading for everyone
#531. 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…
1. You gotta start somewhere. Keep laughing at noobs though. 2. It says this person is new, and doesn’t have connections or inroads to get capital from “a big multi-manager”. 3. Sounds about right, but I disagree that the only way to go out on your own is by starting at an established shop. That doesn’t pass the sniff test. Very likely won’t make a profit. Sure. Will it get him a job offer, connections, or experience…
Noobs deserve to be laughed at when they start taking capital from retail investors.
Re: Show HN: Algorithmic trading for everyone
#54isn'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…
Neither of those describes sub-millisecond, programmed trading.
It is, instead, simply gambling. Like poker, it is not really a game of chance, so those with better algorithms and faster hardware win, but it provides society absolutely nothing of value. Generally it amounts to leeching off of other traders who might be providing something of value.
It has got so many have custom electronics connected directly to the fiber that delivers market event reports, and trigger sending an order even before such a packet finishes arriving, the response calculated in an FPGA in under 100 nanoseconds. Nowadays those traders have equipment in cages in the same building as the exchange, and the fibers to all the cages are exactly the same length.
They may have a collection of order packets already formatted, and just pick one of them to send according to the update.
For a while some would trigger sending an order early, and then add a bad checksum if calculation indicated it was not right. The exchanges banned that, not because it was unfair, but because it added load not paid for.
A way to preserve value for the non-gamblers would be to place a (proportionally) small tax on trades, so whoever does it most frequently pays most.
Re: Show HN: Algorithmic trading for everyone
#55Site down -- Love the idea and been waiting for something like this. I want a yahoo pipes (if anyone even remembers that) for algo trading. I'll wait and see if that's what this is when your app is up!
My company offers exactly this kind of product. We’re currently offering it to institutional investors, but if you’re interested, would love to talk and discuss your use case. My email is my username at alum dot MIT dot edu.
Re: Show HN: Algorithmic trading for everyone
#56Well, you tried something, next time try to make something that can't lose ordinary people money unexpectedly. A few notes:
- The links didn't work in my mobile browser.
- What I've seen similar platforms do is let users create strategies and then let other users invest in those, for a share of the profits.
- Are you actually accepting investments already?? I hope that's just your family, but you might be in deeper legal trouble than you realize. Take that feature out asap until you talked to a specialized lawyer.
- If you get a job offer, I'd take it if I were you. And take down the site, and pay out the investors (in full or above that; I'd cover any losses by the algorithms out of my own pocket).
Re: Show HN: Algorithmic trading for everyone
#57Great idea, I wish for you to succeed with that and do not be discouraged by negative comments here. If you love what you do, keep doing it, eventually you will figure out the missing pieces. Take a look if you still didn't at open source trading bots like Gekko.
And add a email subscription service, I would love to be notified about news and product updates. Good luck!
Re: Show HN: Algorithmic trading for everyone
#58Nice font!
> Currently facing a big KYC compliance wall (code and protocols)
.. but yes, you're going to learn a _lot_ about the difficulties of legitimately marketing to retail investors.
Re: Show HN: Algorithmic trading for everyone
#59Any time I see ML claims, I want to see rigorous validation. At the end of the day, whether or not your approach works isn’t debatable. It’s measurable. My prior is that everyone is full of shit, because most ML claims are.
Re: Show HN: Algorithmic trading for everyone
#60so did you get into YC?
Not yet!