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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

#91

Post by melling »

geofft wrote: post #89
melling wrote: post #87

Earlier quoted context omitted.

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…

This might be a more intelligent discussion if you focus on the substance of the answer instead of the behavior of the participants. I admit that I was, technically, "making up" the answer, in that I did not have direct confirmation. It is rather like, if you asked me what the color of the sky is on a cloudless day in Barcelona, I'll "make up" the answer, having never been to Barcelona. But I know how skies work, and…

I've already watched the video. How do you think I knew where to quickly find the answer. You aren't lucky if you make those returns for 20 years. He charged 5 and 20 and people still invested.

Also, no one said the goal here wanted to get rich. Learning more about the math, etc would be interesting. Please don't tell us what's in the video again.

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

#92

Post by wocram »

rachelita wrote: post #36
balls187 wrote: post #28

Earlier quoted context omitted.

What is the latency of your data feed? How do you mitigate the latency between the stock exchanges, and the user's location + latency introduce via mobile devices? Thanks!

Hello! Co-founder here. Thanks for the kind words! Bummer that you're noticing bugs though. If you feel up to it, we'd love to hear what they are - you can email support@triggerfinance.com or live-chat with us through the app (press the logo on your icon). We'd love to integrate Robinhood in the future but have nothing that we can announce right now, unfortunately. Sent at 5:23 PM on Thursday Adrian: Hello! Co-founde…

What is the bulk of the 1 minute delay? While I would hardly call that real-time, it shouldn't matter for most reasonable usages.

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

#93

Post by wocram »

alva wrote: post #50
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

If you knew that 50000 identical orders of significant value were about to fly, you could make a huge amount of money.

It's a good thing this is _very_ illegal :)

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

#94

Post by geofft »

melling wrote: post #91
geofft wrote: post #89

Earlier quoted context omitted.

This might be a more intelligent discussion if you focus on the substance of the answer instead of the behavior of the participants. I admit that I was, technically, "making up" the answer, in that I did not have direct confirmation. It is rather like, if you asked me what the color of the sky is on a cloudless day in Barcelona, I'll "make up" the answer, having never been to Barcelona. But I know how skies work, and…

I've already watched the video. How do you think I knew where to quickly find the answer. You aren't lucky if you make those returns for 20 years. He charged 5 and 20 and people still invested. Also, no one said the goal here wanted to get rich. Learning more about the math, etc would be interesting. Please don't tell us what's in the video again.

> You aren't lucky if you make those returns for 20 years.

That's not what I claimed. I claimed there were two steps. Step 1 is to acquire enough capital that you're okay losing it. Step 2 is to use that capital. Step 1 is what I claimed he was lucky. Step 2 is the one that lasted 20 years. Without step 1 (and there are many ways to do step 1 that don't involve luck, as well as many ways that don't involve investing), you can't proceed to step 2.

> Learning more about the math, etc would be interesting.

That is definitely interesting, and I agreed with that point upthread. You don't have to use actual money to learn about the math, though. If you want to learn stuff on simulations, everything I've been saying about capital you can afford to lose doesn't matter. However, the one and only thing simulations can't do is get you rich.

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

#95

Post by [deleted] »

vehementi wrote: post #83
bbcbasic wrote: post #78

Earlier quoted context omitted.

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 not about outperforming those hedge funds, I think that is out of scope. They're not competing. 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.

[deleted]

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

#96

Post by bbcbasic »

vehementi wrote: post #83
bbcbasic wrote: post #78

Earlier quoted context omitted.

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 not about outperforming those hedge funds, I think that is out of scope. They're not competing. 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.

That too!

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

#97

Post by arjie »

chillydawg wrote: post #18

Remember, 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?

Do the pros actually know anything? If you averaged the returns all professional traders make, is it actually higher than the average of all non-professionals?

Besides everyone's always recommending low-cost index funds, the ones that would have given one a 31 basis point return over last year tracking the S&P500? With the gain in wealth over the last year for a 100k investment, one could almost buy a Nexus 6P on sale. Brilliant.

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

#98

Post by philippnagel »

vehementi wrote: post #84
mmsmatt wrote: post #67

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 & y…

What do you mean by smoke in this context?

Retail investors can't compete with HFT in terms of order execution speed.

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

#99

Post by adyus »

arjie wrote: post #97
chillydawg wrote: post #18

Remember, 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?

Do the pros actually know anything? If you averaged the returns all professional traders make, is it actually higher than the average of all non-professionals? Besides everyone's always recommending low-cost index funds, the ones that would have given one a 31 basis point return over last year tracking the S&P500? With the gain in wealth over the last year for a 100k investment, one could almost buy a Nexus 6P on sal…

Professional traders get paid to trade, not necessarily to win.

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

#100

Post by chillydawg »

tanderson92 wrote: post #64
chillydawg wrote: post #40

Earlier quoted context omitted.

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 ne…

If you had read my original comment you'd see that I said most people should never directly trade individual stocks. I completely agree that putting money into low cost trackers for things like the FTSE250 or S&P500 is sensible. You're giving your money to a pro, who then keeps your bets balanced and trades cheaply.
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