Re:Show HN: Algorithmic trading for everyone
by carnitine on Friday April 22, 2022 @03:32AM
(#31119203)
Noobs deserve to be laughed at when they start taking capital from retail investors.
Re:Show HN: Algorithmic trading for everyone
by Unknomad on Friday April 22, 2022 @08:23AM
(#31120756)
FYI. Not taking any investment's for the time being. I want to help people. Not harm
Re:Show HN: Algorithmic trading for everyone
by askmike on Friday April 22, 2022 @02:07AM
(#31118727)
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
by smabie on Friday April 22, 2022 @02:47AM
(#31118961)
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!
Re:Show HN: Algorithmic trading for everyone
by frontman1988 on Friday April 22, 2022 @03:30AM
(#31119185)
You don't have to consistently generate alpha to make bucks as a small time trader. Even a simple strategy like buying dogecoin everytime elon tweeted about it was a sureshot way to makr money in the crypto market
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. Absolutely.