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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

#101

Post by tanderson92 »

chillydawg wrote: post #100
tanderson92 wrote: post #64

Earlier quoted context omitted.

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.

yes, apologies. I completely missed that.

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

#102

Post by Immortalin »

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…

Do you think you can open source the broker integration code? Currently there's a dearth of such libraries

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

#103

Post by vehementi »

philippnagel wrote: post #98
vehementi wrote: post #84

Earlier quoted context omitted.

What do you mean by smoke in this context?

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

Sure, but do they need to? Let's accept that HFT vampires steal a bit of the value I wanted to get. But my value is not in trying to be a HFT, it is in (ostensibly) calling that GOOG will go up or something. How does HFT screw me over in that regard?

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

#104

Post by Renevith »

wocram wrote: post #93
alva wrote: post #50

Earlier quoted context omitted.

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 :)

It's certainly illegal for brokers, exchanges, and fiduciaries, sure.

It's certainly not illegal for me to do it, if you happen to tell me your stop loss orders over beers, or if I predict people's stop loss orders using public information and/or a sophisticated model.

So which side of the line is Trigger on? They don't seem to be a broker, exchange, or fiduciary, and they wouldn't be getting the relevant information from those sources.

"The User acknowledges and agrees that upon posting or transmitting information [...] on the APP, the User assigns to the Company [...] all rights, interest and title in and to such information"

If you want to manage your money through a tech startup, I suggest choosing one that is a broker and/or has a fiduciary responsibility to you!

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

#105

Post by tedmiston »

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.

> and people are free to trade however they want

Sort of. Until they trade too much too fast.

Pattern day trader https://en.wikipedia.org/wiki/Pattern_day_trader

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

#106

Post by tedmiston »

spinlock wrote: post #77
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 was thinking the same thing. Traders already play games with amature's stop-loss orders, etc... This just looks like a tool that unsavy investors will get themselves taken to the cleaners by professional traders.

> Traders already play games with amature's stop-loss orders, etc...

Can you elaborate?

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

#107

Post by tedmiston »

balls187 wrote: post #37
rachelita wrote: post #36

Earlier quoted context omitted.

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…

> Hope that this helps though I realize I wasn't very specific! It does, thank you. The idea and execution thereof seems very slick, but I can't help shake how much of a disadvantage regular stock traders are when put up against all the ultra-high speed trading done by algorithms. Wall-street Rant Aside, from my previous life building an algorithm based hedgefund, one option would be to put your trigger-execution eng…

I do not get the vibe that their vision is to democratize HFT.

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

#108

Post by tedmiston »

Analemma_ wrote: post #9
hellcow wrote: post #8

Earlier quoted context omitted.

For what it's worth, Robinhood allows free stop orders without any time limit.

Interesting, I guess I just need a new broker. Amusingly, after I finished my comment I figured I'd log into my Fidelity account (which I hadn't done in a while), and I couldn't because it turns out they don't allow certain characters in their passwords and so the last time I changed my password it silently failed without telling me. Still, Trigger sounds pretty neat even if you do have a non-crappy broker. As soon a…

There's a huge obvious pitfall with Trigger: information arrives several orders of magnitude too late vs. HFT. Investing in a style that mimics them but at hundreds (maybe thousands) of times slower is inherently flawed.

And if it helps inform your broker research, Robinhood is the exception to the rule when it comes to commission-free trades.

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

#109

Post by balls187 »

tedmiston wrote: post #107
balls187 wrote: post #37

Earlier quoted context omitted.

> Hope that this helps though I realize I wasn't very specific! It does, thank you. The idea and execution thereof seems very slick, but I can't help shake how much of a disadvantage regular stock traders are when put up against all the ultra-high speed trading done by algorithms. Wall-street Rant Aside, from my previous life building an algorithm based hedgefund, one option would be to put your trigger-execution eng…

I do not get the vibe that their vision is to democratize HFT.

Agreed. My point was that, while a trigger based system eases the use, ultimately we're all at a disadvantage because computers.

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

#110

Post by rachelita »

Immortalin wrote: post #102
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…

Do you think you can open source the broker integration code? Currently there's a dearth of such libraries

Check out trading ticket's API here https://www.trade.it/ they've done a great job at combining brokerage integrations.
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