Earlier quoted context omitted.
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?
Show HN: Trigger – IFTTT for the stock market
81–90 of 116 posts
Re: Show HN: Trigger – IFTTT for the stock market
#82I 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…
Re: Show HN: Trigger – IFTTT for the stock market
#83I 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. How can joe average compete with the resources of hedge funds which are doing the same thing at a much lower latency using more sophisticated mathematical methods, at a higher volume (so lower relative fees). I am sure the idea is well intentioned but really it is just suckering people out of money in a similar way to forex robots etc.
It's that average people (or anyone) can't time the market etc. so nevermind any advantages a quant firm might have, the rules that average person sets up with their IFTTT will be horrifically unwise.
Re: Show HN: Trigger – IFTTT for the stock market
#84As 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 & y…
Re: Show HN: Trigger – IFTTT for the stock market
#85I 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…
How well did your quantitative hedge fund performed in 2008?
Re: Show HN: Trigger – IFTTT for the stock market
#86As 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 & y…
But what if all I want to do is spread butter, not murder someone?
Re: Show HN: Trigger – IFTTT for the stock market
#87Earlier quoted context omitted.
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...
What's the ratio of amateurs who fail to the Simmons' of the world? Not to mention the fact that there is a huge number of professionals in this space who can only afford to do what they do because it's their losing their customers money and not their own.
My response was to demonstrate that someone was making up his answer. Now you're digressing into the "well, most people fail" argument.
Re: Show HN: Trigger – IFTTT for the stock market
#88Could you explain how the credential / integration works with the brokerages? Is this a screen scraping integration where the provider stores my username / password and provides you with a token? Or is this directly integrated with the brokerages?
We rely on Trading Ticket for brokerage integration, you can read more about them here https://www.trade.it/ check out there terms.
Re: Show HN: Trigger – IFTTT for the stock market
#89Earlier quoted context omitted.
What's the ratio of amateurs who fail to the Simmons' of the world? Not to mention the fact that there is a huge number of professionals in this space who can only afford to do what they do because it's their losing their customers money and not their own.
I'm sorry. We are simply trying to have an intelligent discussion about inventing in stock markets. No one said that you had to be as successful as Simmons or make it your full time job. The problem I'm addressing is the complete lack substance in the discussion. "Be afraid and leave all investing to the professionals. It's gambling, etc" My response was to demonstrate that someone was making up his answer. Now you'r…
If you dig into the answer in the link you provided, Simons says gained his initial funding (as well as his data) by what we could accurately call gambling. He had no strategy, no reason to believe he was successful, and no expectation of being successful. He was - through luck - successful. With that success, and having gained money he could then afford to lose, he noticed some structure in the data, and hired some mathematicians to evaluate his hypotheses. It was in fact more likely that he would have lost all his gambled money before even thinking about approaching the problem technically.
He was lucky, in the most straightforward sense. Anyone else, too, could be lucky. But the nature of probability is that the common case is not the lucky case. That's not a digression, that's the exact discussion at hand. If you want to insist that occasionally people are lucky -- sure, and occasionally a newcomer will invent a secure block cipher.
If you have enough money to test hypotheses, and you're okay with losing that money if your hypotheses are wrong, fantastic, go test them. That's exactly what Simons did. If you want to get rich by investing in the stock market without a strategy and hoping to get lucky, well, yes, some people get lucky. Simons happened to be one of them. But that's hardly evidence you should emulate that part of his behavior.
Re: Show HN: Trigger – IFTTT for the stock market
#90Earlier quoted context omitted.
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.
everyone in this thread here seems to have the common sense to say "don't try to compete in the same strategies as the HFT specialists". that's absolutely true.
but then this idea that financial markets cannot be anything else other than a HFT's playground doesn't seem to go away, even in this thread. that's not a fair assessment.
if you are a retail investor, if you pick a portfolio allocation appropriate to your risk appetite, if you pick a reallocation and reinvestment policy that you can get a good handle on, and you stick to it without fail, then you are half of the way to what pensions/insurances/savings plans implement for you, except now you don't pay fees, and you don't have to wait 20 years for the investment to "mature". in fact, because retail fees are so high, retail investors are better off using a minimal rebalancing policy: trading less, tweaking less, getting less fidgety about their trades - and that is a good thing. trading less and getting better returns usually comes together.
if you are happy with more risk, and you take controlled bets with options structures going out several weeks or a few months, you can get away with some good wins and a hopefully fewer losses and may still come out ok even after spreads/fees.
if you try to compete with HFTs on the sub second horizon without any of the equipment/services that the HFTs pay for, then you will lose. don't do that, that space is not for you.