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A comment on How I made $500k with machine learning and high frequency trading. Parent comment

Re:How I made $500k with machine learning and high frequency... by mattyppants on Tuesday November 06, 2012 @11:43AM (#4749196)
This is not even close to an accurate summary. He never stated that he had any employer backing, and he wasn't collecting market making fees. In fact he was paying brokerage fees which is the exact opposite.
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Re:How I made $500k with machine learning and high frequency... by dschiptsov on Tuesday November 06, 2012 @11:51AM (#4749231)
He used his own money to test his algos? Come on.

Taking a Machine Learning and Statistics course does not make you a trader. You need something else - access to the system.

This is why my guess is that he was an employee.

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Re:How I made $500k with machine learning and high frequency... by oijaf888 on Tuesday November 06, 2012 @12:58PM (#4749551)
An employee of what? He states above that he was paying roughly $200/month for a server and $1800/month for the software/data connections to his broker.
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Re:How I made $500k with machine learning and high frequency... by dschiptsov on Tuesday November 06, 2012 @02:13PM (#4750053)
Prior to setting up my automated trading program I’d had 2 years experience as a “manual” day trader. - mom's and pap's 401k?
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Re:How I made $500k with machine learning and high frequency... by mattyppants on Tuesday November 06, 2012 @01:41PM (#4749804)
No, he said he backtested them against data he collected from the feeds. He paid for the feeds just like everyone else does with his own money.
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Re:How I made $500k with machine learning and high frequency... by dschiptsov on Tuesday November 06, 2012 @02:18PM (#4750090)
For me it all looks like a bad-written fiction, and the source is just a blog post.
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Re:How I made $500k with machine learning and high frequency... by rafkin98 on Wednesday November 07, 2012 @04:25PM (#4755265)
And that's the beauty of it - take it or leave it.
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