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Show HN: Trigger – IFTTT for the stock market

triggerfinance.com

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Re: Show HN: Trigger – IFTTT for the stock market

#61

Post by rachelita »

blibble wrote: post #49

how do you deal with many clients having the same trigger then all executing the same order at the same time? if 50000 identical triggers fire at the same time trying to buy the same stock with market orders they're going to get a bad deal, and people selling are going to clean up

We will let our users get a double look at the market first before sending the order automatically, for precisely this reason. Only those who are confident in their orders can chose to execute automically in the market.

Re: Show HN: Trigger – IFTTT for the stock market

#62

Post by princeb »

alva wrote: post #53
qf303rjr3 wrote: post #51

I work for a quantitative hedge fund. I program computers to trade securities for a living. On any given day, code that I have written trades hundreds of millions of dollars worth of stock, futures and options. I feel very confident in saying that for 99.9% of people, using this service will be a terrible, terrible idea that will only cost them money in the long run. If you want to get into the stock market, buy a lo…

This service is purposefully targeting people who know next to nothing about the stock market, and making them feel like they have some sort of clever control of the outcome of their investments. I have criticised this idea elsewhere in the thread so this will be my last post on it. I hope all HN folk reading this thread will look into it and discover how parasitical this sort of venture is.

it's a free country and people are free to trade however they want (with restrictions haha).

they just need to be aware that retail traders are not going to get the same kind of competitive advantages that the big boys like Citadel or GETCO have.

it's not a "rigged" game in the same way Walmart being able to buy wholesale apples cheap and flip it to us richer is not a "rigged" game.

Re: Show HN: Trigger – IFTTT for the stock market

#63

Post by melling »

geofft wrote: post #55
melling wrote: post #45

Earlier quoted context omitted.

It's a shame that we can't move past this attitude on HN. Sure, it might be a difficult problem, but we learn nothing from "be afraid unless you are willing to be a full-time gambler." What made these academics think they could beat the pros? https://en.wikipedia.org/wiki/D._E._Shaw_%26_Co . https://en.m.wikipedia.org/wiki/James_Harris_Simons

They had concrete and plausible answers for "What do you know that the pros do not?", and were willing to test the correctness of their answers scientifically. And they have the resources to fund those tests without risking their personal financial health. I'd give the same answer for someone who wanted to write crypto, and I'd expect much of HN to do the same. We absolutely need more people writing crypto, including…

Sounds like you're making up an answer. Let's go to the video.

start the video at 8m38s and listen to Simmons explain that he had no idea wat he was doing when he started.

A rare interview with the mathematician who cracked Wall Street https://www.ted.com/talks/jim_simons_a_rare_interview_with_t...

Re: Show HN: Trigger – IFTTT for the stock market

#64

Post by tanderson92 »

chillydawg wrote: post #40
gnaritas wrote: post #22

Earlier quoted context omitted.

> 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…

Every single trade you place has several costs associated with it. Things like the direct cost to the broker, and the implied cost of half the current spread. I do not believe that most people have the skill or discipline to understand the difference between happening to make money and properly making money long term. As for it not being gambling - there's nothing stopping you beating bookmakers. It's doable, but you…

Lots of people are making money on stocks. But your overly broad claim that investing in the stock market is gambling is indefensible: when you invest in broad total market funds you are essentially betting on entire economies, because you are assuring yourself a right to future income streams.

How is that gambling?

By choosing proper low-fee funds you can minimize the brokerage fees (and you can buy securities at net asset value) so that half of your critique of long-term profitability is untrue.

Re: Show HN: Trigger – IFTTT for the stock market

#65

Post by alva »

princeb wrote: post #62
alva wrote: post #53

Earlier quoted context omitted.

This service is purposefully targeting people who know next to nothing about the stock market, and making them feel like they have some sort of clever control of the outcome of their investments. I have criticised this idea elsewhere in the thread so this will be my last post on it. I hope all HN folk reading this thread will look into it and discover how parasitical this sort of venture is.

it's a free country and people are free to trade however they want (with restrictions haha). they just need to be aware that retail traders are not going to get the same kind of competitive advantages that the big boys like Citadel or GETCO have. it's not a "rigged" game in the same way Walmart being able to buy wholesale apples cheap and flip it to us richer is not a "rigged" game.

You are correct, if people want to risk their money then that is their right (providing they have been supplied all the legal warnings designed to protect people from losing money in a game they don't understand).

This service is the equivalent of putting an amateur chess player in front of Kasparov and suggesting they bet real money on winning because you taught them a basic opening move.

Re: Show HN: Trigger – IFTTT for the stock market

#66

Post by pavel_lishin »

maneesh wrote: post #7
rachelita wrote: post #2

Hey 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…

Hi there! I'm the founder of Pavlok, a wearable haptic device for changing behavior. We are on IFTTT, and are able to vibrate, beep, and release patterns of electric stimuli. I had built a chrome extension integration for vibration / beeps / zaps at variable stock prices, and it was quite useful for a few traders I knew. I am really interested in knowing more about your API, do you have any more info? Also, will you…

> release patterns of electric stimuli.

Is that a nice way of saying that you can program it to zap you?

Re: Show HN: Trigger – IFTTT for the stock market

#67

Post by mmsmatt »

As far as I can tell, Trigger is neither broker nor advisor. Why a company that is none of those wants to touch my securities, I can think of no charitable reason for that.

There exist a million reasons you do not want not-quite-stop-limit orders on SPY or GOOG in your personal account, you are up against trade execution systems that smoke your retail broker not to mention this outfit (who you now put between you & your broker).

Please do not bring a butter knife to a gun fight and lose your shirt.

Re: Show HN: Trigger – IFTTT for the stock market

#68

Post by geofft »

melling wrote: post #63
geofft wrote: post #55

Earlier quoted context omitted.

They had concrete and plausible answers for "What do you know that the pros do not?", and were willing to test the correctness of their answers scientifically. And they have the resources to fund those tests without risking their personal financial health. I'd give the same answer for someone who wanted to write crypto, and I'd expect much of HN to do the same. We absolutely need more people writing crypto, including…

Sounds like you're making up an answer. Let's go to the video. start the video at 8m38s and listen to Simmons explain that he had no idea wat he was doing when he started. A rare interview with the mathematician who cracked Wall Street https://www.ted.com/talks/jim_simons_a_rare_interview_with_t...

I can't watch the video right now, but assuming the transcript accurately transcribes what was said then:

JS: I did it by assembling a wonderful group of people. When I started doing trading, I had gotten a little tired of mathematics. I was in my late 30s, I had a little money. I started trading and it went very well. I made quite a lot of money with pure luck. I mean, I think it was pure luck. It certainly wasn't mathematical modeling. But in looking at the data, after a while I realized: it looks like there's some structure here. And I hired a few mathematicians, and we started making some models -- just the kind of thing we did back at IDA [Institute for Defense Analyses]. You design an algorithm, you test it out on a computer. Does it work? Doesn't it work? And so on.

That's basically what I said. I didn't claim that he had a brilliant and correct answer before he started. (Nor am I claiming that you need to have a brilliant and correct plan for a cryptosystem before you start.) I'm claiming that he had the resources to make experimentation not ruinous (the first part of that story is how he acquired those resources, namely, "pure luck" which "certainly wasn't mathematical modeling"), and he engaged in that experimentation and took the scientific method seriously (the second part of that story).

Re: Show HN: Trigger – IFTTT for the stock market

#69

Post by tyrust »

tuna-piano wrote: post #52
alva wrote: post #39

Mixed feelings on this. In some ways, I quite like it. Certainly adds some more automation to the process and makes it simple. Nice UI. On the other hand, I am sure you are well aware of just how many amateurs lose money because they think they can actively manage and "play the stock market". My fear is that letting people make extremely, and these are extremely simple rules will make them feel even more in control a…

My first reaction with this was "seems fun". I'm aware that it's likely an index fund would probably still do better over time, but there is an appeal to me that maybe I could beat the market and if not it would still be fun trying. Am I correct that assuming in the long run, the only difference between going long stocks/ETFs through this app vs just buy+holding an index fund would be: -Cash sitting around not in an…

>the only difference between...

If you are not buying and selling the same assets at the same weightings as an index fund, then it is different from that index fund.

>Cash sitting around not in an investment

How is this a difference between investing one way and investing another way?

Re: Show HN: Trigger – IFTTT for the stock market

#70

Post by mozumder »

qf303rjr3 wrote: post #51

I work for a quantitative hedge fund. I program computers to trade securities for a living. On any given day, code that I have written trades hundreds of millions of dollars worth of stock, futures and options. I feel very confident in saying that for 99.9% of people, using this service will be a terrible, terrible idea that will only cost them money in the long run. If you want to get into the stock market, buy a lo…

I agree. I tell people all the time to not trade - they can't compete against computers.

It would help to further inform people of the advantages you maintain over regular folk.

How many signals do you track?

Are you using neural-nets?

What kind of computing power does your system use?

What's the latency of your connection?

etc..

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