Here is a conversation on reddit.com which pretty well inspired me tostart thinking about blending my knowledge of technology and financial investment. This was pretty inspiring where an indie software engineer launched his own business. He is now clearing millions. Source is http://www.reddit.com/r/IAmA/comments/9s9d7/iama_100_automated_independent_retail_trader_i/
Hi, I’m a EECS/business/econ major at a top public university. I am very interested in AI (plan to go to grad school for it). I’m taking an AI course and a machine learning mini-course focused on trading. I’ve simulated some strategies, but although they do beat the market 95% of the time without fees, with fees it’s much more questionable.
I use interactive brokers right now. Do you have any recommendations for cheaper solutions to start with, or do you just recommend scale?
Glad you posted, I have a few questions I’d love to hear your response to. –Would you consider your main role to be liquidity provision? –Are most of your trades via limit order, or do you ever initiate? –Are you concerned about trading opposite “informed traders?” Is there anything you do to try to mitigate this risk? Thanks…