Re:Real money, invested with algorithms
by cpwright on Wednesday February 26, 2014 @11:29AM
(#7305861)
This is true. I think that people should have the capability of being successful, but only if they do approach it like a full-time job. That doesn't, however, guarantee success, even a large operation like the last one I worked for can fail.
If it were easy, and everyone could do it and make as much money as working full-time, without actually working full-time; then everyone would.
Heh. I also wanted to play with algorithmic trading, but before doing so, I got a book "Trading and exchanges" by Harris, which was recommended by somebody on reddit.
I have read it only halfways and realized two things:
1. I'd have to do trading (and related activities) as a full-time job in order to be successful (i.e., earn money in the long run).
2. I'd need to spend at least a year's equivalent of a full-time job on learning the necessary background math and algorithms.
I.e., I'd need to quit my job (which I quite like), only to replace it with another set of daily duties.