so did you get into YC?
Show HN: Algorithmic trading for everyone
41–50 of 81 posts
Re: Show HN: Algorithmic trading for everyone
#42i don’t think you can simply let people invest in strategies you manage. that stuff is highly regulated and i think you will have to become a broker?
Re: Show HN: Algorithmic trading for everyone
#43One potential target audience might be employees / executives of publicly traded companies. If Alice owns stock in her employer or her employers' partners / suppliers / clients, she may be very interested in an algorithmic position manager to help her achieve her financial goals (e.g. selling down if the position exceeds a certain percentage of her net worth). The main reason Alice would like this is to create an aud…
This doesn’t work if you have the ability to let good trades proceed but cancel bad trades after having learned nonpublic info. You’d have to commit to a https://www.investopedia.com/terms/r/rule-10b5-1.asp plan during an open trading window, and I don’t know how complex the price/quantity formula is allowed to be.
Re: Show HN: Algorithmic trading for everyone
#44How would you compare yourself with Quantopian? https://en.wikipedia.org/wiki/Quantopian
Re: Show HN: Algorithmic trading for everyone
#45Apologies 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?
Re: Show HN: Algorithmic trading for everyone
#461. 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…
Agreed very much. Especially in crypto you see a lot of (more than luck) success with quants/traders with no prior trading experience.
Re: Show HN: Algorithmic trading for everyone
#47One potential target audience might be employees / executives of publicly traded companies. If Alice owns stock in her employer or her employers' partners / suppliers / clients, she may be very interested in an algorithmic position manager to help her achieve her financial goals (e.g. selling down if the position exceeds a certain percentage of her net worth). The main reason Alice would like this is to create an aud…
That might not be sufficient.
First, some publicly traded companies have freezes and employees can only trade in specific windows. The algorithm will need to take this into account.
Second, is "an algorithm did so" a legitimate defense ? It will probably depend on the jurisdiction but i can imagine lots of courts dismissing that because regardless of algorithms, it's on the human not to act illegally, and humans have created, tuned and parametered said algo. I don't think laws have been updated for such cases ( like with self-driving cars).
Re: Show HN: Algorithmic trading for everyone
#48Website is incredibly laggy
Re: Show HN: Algorithmic trading for everyone
#49Re: Show HN: Algorithmic trading for everyone
#50Earlier quoted context omitted.
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…
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 for a moment. However I will say the design of your site is really slick!