I am 24 hours away from introducing my first LIVE lesson on helping those who want to build out their
own independent algo/automated trading business. This idea has been spawned by Dr. Ernie Chan's
I have purposely strayed away from offering any cloud solutions so that you can own and control your own
intellectual trading ideas that only you will see. You also get to own source code as well with
no limitations whatsoever. As part of my first LIVE lesson, I will be highlighting why I choose
Python which is probably the most popular open source programming language used for both
quant analysis as well as medium frequency trading.
So you really need to ask yourself why you don't want to miss out on all this. I have purposely kept things
very simple for all tech newbies who struggle with programming. I have leading retail trading educators
acknowledging that their businesses are going by the way of the dodo as well. Automated trading is here
to stay which is taking over the future of all human trading. Do not get sucked into limiting or highly
expensive black box technology where you will end up spending thousands when you can save yourself
on this course series. Don't believe me? Go through the thousands of articles on my blog
or hear the stories of those who have chosen the wrong paths of "automated trading."
The most important part of all these LIVE lessons is to take full advantage of my compressed time to
go over in detail your queries about these type of trading systems. I highly doubt I'll be ever doing
this again as I'll be moving into more advanced topics in a few months. Unfortunately, I will not be
able to address these topics ever again in the near future.
What about credibility or third party verification?
Lastly, at the end of my article you will see that I use a third-party service to showcase that my
community is one of the most successful in the world for trading. No one else uses this type of
service to validate their claims.
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/
I’m a mathematician/statistician who has some finance experience, and thinking hard about this route. A couple cost questions for you if you feel like it:
(1) At what volume and approximate capital do the commissions get small enough that 2 cents/trade is profitable? eg. IB looks to charge a $1 commission per order minimum. I guess you mean 2 cents/share?
(2) How much does the colo run and at what point in your trajectory did you start using it? Did you start with local machines only?
(3) What do you think the minimum cost outlays on data feeds, colo, etc to not get killed on speed are?
Yes, I occasionally do trade manually, but it’s totally separate from my main business. I have a couple of speculative trades I put on every month which usually end up as swing trades or short position trades.
I’ve been developing software for a long time. This sounds like something I should do because I have a large portion of the skillset needed. However, I have no formal mathematics training. How necessary is that? Are your models formalized?
is there any way to play the game “for fun” or “practice” without much capital? i don’t know anything about real markets since my training is in continuous time macro (solving PDE/ODEs, dynamic programming, etc). however, i’d like to learn the real thing in my spare time. i’m ok with control theory and machine learning. i build models and algos for a living and take stem classes in my spare time. i’d like to test my ability using the “best” metric in life – money.