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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

#31

Post by rachelita »

datamingle wrote: post #30

It is possible for them to determine popular triggers and front run them. Since they are not a brokerage, I am not sure if they will be regulated/punished if they do front run trades.

we have plans to be become a registered investment advisor, which means we will have a responsibility to act as a fiduciary to our clients. We would never do such a thing as front running. In fact, what we would love to do is to offer back insights into the community, such that when you are placing triggers, we can tell you averages of where people are thinking of buying or selling for that stock as an indicator of key price points.

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

#34

Post by __jal »

Back in the web 1.0 days, a friend started a company named Xigo (sp? Think it was with an X) to do sort of similar stuff. There was a full domain specific language for automation. They suffered the fate of many otherwise good ideas in the ~2000 meltdown.

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

#35

Post by rachelita »

KZeillmann wrote: post #32

Is it just stocks, or are options available/are they planned for the future?

Right now we consume real time stock market data for ETFs and Stocks, as well as corporate fundamentals and real time economic events. As for when we enable trading from Trigger, whatever your broker allows you to trade we can support. First we will allow trading for stocks, and then options and currencies. We can introduce new securities quite easily into our platform.

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

#36

Post by rachelita »

balls187 wrote: post #28
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…

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-founder here.

We currently access a Nasdaq last sale feed through a distributor (Xignite) for our real-time feed. We make no guarantees around latency per se, though in reality it ends up being on the order of Hope that this helps though I realize I wasn't very specific!

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

#37

Post by balls187 »

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…

> 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 engine as close to the stock-exchanges as possible, to reduce the latency between market events surfaced in your feed & trigger execution. Softreal time actions, such as any User interactions with the mobile app being persisted to backends, could be done at cloud/dc's, then propagated to your backend in NYC. You could provide a simple SLA saying that trigger updates will have 1-minute lag time for effect, but actual Event->Trigger->Execution would be completely based on the time to evaluate the trigger.

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

#38

Post by aditya »

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…

Awesome app! Great work, Rachel and congrats on launching. You guys rock!

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

#39

Post by alva »

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 and "smart" about their investments decisions.

Every rule examples presented are horrific simplifications that are somewhat intuitive (the dangerous kind!), giving confidence to the user, but would never pass for a sensible trading strategy. I think you are misleading users into thinking they are much more in control than they actually are.

From CEO in this comment thread

>"Trigger is trying to take the emotion out of investing, as the pros do."

>"As a former trader..."

As a former trader you must understand how complex trading and analysis is.

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

#40

Post by chillydawg »

gnaritas wrote: post #22
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?

> 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 need to spend an awful lot of time researching sports (or whatever). It's the same with stocks - the vast majority of people are essentially just taking the spread and making expected losses on every trade, which the bookies (market makers in stock terms) soak up. A few people can spot outliers and take only those bets and make money long term.

I stand by my claim. If it's so easy to make money on the stocks why isn't everyone doing it?

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