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A comment on Goldman Sachs will open-source some of its trading software. Parent comment

Re:Goldman Sachs will open-source some of its trading software by gringoDan on Wednesday April 03, 2019 @01:18PM (#19565181)
If [0] those returns are accurate, can be proven, and your strategy can be scaled up to multi-million dollar positions, you should take it to a hedge fund/prop shop/etc. and be able to make 7 or 8 figures. Your bonus should be dependent on performance; you may be able to negotiate a % of the profit. Those companies don't care about your background if at the end of the day you make them money.

[0] Granted, that's a huge "if".

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Re:Goldman Sachs will open-source some of its trading software by ionwake on Wednesday April 03, 2019 @04:05PM (#19566790)
I forgot to add the "worst" bit.

It was mostly a gut feeling, after lots and lots of research.

My question basically is, if I show I have been really good in the past - without a specific model - is there anyway I would be taken seriously.

Thanks

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Re:Goldman Sachs will open-source some of its trading software by gcb0 on Wednesday April 03, 2019 @01:42PM (#19565392)
and how do you prove some method scale up without either already being on the million dollar scale or disclosing your secret sauce?
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Re:Goldman Sachs will open-source some of its trading software by ohaideredevs on Wednesday April 03, 2019 @02:02PM (#19565607)
The reason financial transactions don't scale is volume - your $100 trade can move a penny stock to $.02 from $.0002 a share if there is no volume.

Some markets can absorb an enormous amount of volume, such as the FOREX market.

Now, when you start making good trades in a "big" market, intelligent players can mimic / play off of them, so it is hard to prove in that regard.

At a minimum though, you could prove that it works on assets that are not volume-dependent.

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Re:Goldman Sachs will open-source some of its trading software by bduerst on Wednesday April 03, 2019 @02:00PM (#19565588)
Short of spending a million dollars right then and there, you can use historical market data. Or datasets provided by the person you're trying to prove it to. Keep in mind that after a certain volume, your model would start influencing the market itself.
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