b*******e
发帖数: 6389 | 1 I spent the better part of six years, from roughly 1999 to 2004 and again in
2008, pursuing the chimeric fortunes of automated / algorithmic trading and
while I never actually reached the promised land of a wildly successful
trading system, along the way I did learn a lot about myself, the world, and
how to write robust, highly perfomant code. The journey itself deserves its
own post, or possibly several, as it was quite a strange adventure, but to
get this subject kickstarted, I'll just begin with why I ultimately moved on
to the web and startups.
1. An automated trading operation takes too much trading and operational
capital (not to mention extremely low clearing rates, which are extremely
hard to negotiate) to easily bootstrap on your own. Not that it's impossible
, but it's definitely much less resource-intensive to attempt to make money
from building web or mobile apps.
2. Every time I teamed up with a trader in an automated trading venture,
their trading strategies and ideas ended up not working despite the fact
that they had been previously successful (often remarkably successful) as
either floor or screen traders. This usually meant that I had spent a year
or more of my time coding up a state-of-the-art trading platform that
amounted to nothing.
3. I'm not entirely convinced that it's all that possible to beat the market
consistently, much less using algorithms, much less using self-learning
algorithms (AKA data mining). From my perspective, buiding something that
some number of people would be willing to pay for seems to be a much more
tractable problem to solve. That said, I do think it "might" be possible to
beat the market algorithmically if you had all the right pieces in place,
the trick is just figuring out what those pieces might be.
4. If you spend years working on an automated trading project (usually in
total secrecy) and it doesn't work out in the end, it can be hard to
leverage that expertise for anything else. On the other hand, if you work on
a web / mobile project and blog / tweet / podcast about the whole
experience (which everyone knows you should do), the side effect is that you
'll have built a public reputation that can later lead to all kinds of
unexpected opportunities. This is what I refer to as increasing your luck
surface area.
5. By building web and mobile applications, you're at least "attempting" to
create value for the world and not just yourself. This may seem like a minor
point, but if your trading venture doesn't succeed financially, you can't
even fall back to the - "well, at least I made a lot of people happy, more
productive, etc.". Plus, the thrill of having a large number of people use
your software is something you'll never experience within the confines of an
automated trading operation.
6. Trading is extremely stressful even if it's the machine itself that's
doing the trading. In fact, I read a scientific study a while back that
found that a losing trade is twice as psychologically draining as the
equivalent winning trade is psychologically reinforcing, which basically
means that you're generally going to be operating at a psychological deficit
at the end of every work day. I know a lot of startup founders like to talk
about how hard startups are and about the incredible roller-coaster ride
that is the startup life (which is true), but I got news for you, it doesn't
compare to the grinding, gut-wrenching stress of trading, and frankly that'
s no way to live.
7. (Please see addendum) I've done a lot of the trading thing and while it's
a fun and addictive game for sure, I found that traders are generally not
my kind of people. The reason for this I think is that for most traders it's
pretty much all about the money, and whenever anything is all or mostly
about the money, it ends up having no soul. This reality turns out to be
kind of depressing if you reflect on it for too long and I guess that's
probably why most traders aren't all that self-reflective. That said, I'm
not so sure this applies to algorithmic traders because from the few I've
met they tend to love the technical challenge as much or more that the
pursuit of fortune (which is not unlike technical startup founders).
8. The algorithmic trading world is so secretive that you rarely get to meet
anyone else doing it, much less have the opportunity to discuss techniques,
algorithms or experiences. As a result, there's little to no community to
engage with, and in case you haven't already discovered this truth, being
part of a community is a big part of what makes life fun.
Disclaimer: If I ever make a personal fortune from web startups, there's
still a part of me that would like to give algorithmic trading one last try.
There, I said it. :)
Addendum: I've decided that what I wrote in point #7 about "traders not
being my kind of people" and "not being all that self-reflective", are both
untrue statements. Yes, I had a bad experience with a few traders over the
years, but to make a generalization like that was just lazy and unfair. To
any traders out there who might be reading this, please accept my apologies. | l*******n
发帖数: 773 | 2 太牛了，市面上有这种软件吗?
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【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| b*d
发帖数: 3069 | 3 牛刀太厉害了。
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| k********8
发帖数: 7948 | 4 叛徒！
good luck!
=)
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| k********8
发帖数: 7948 | 5 牛刀兄要小心啊！！
我估摸着要不了多久花街就要开始大规模的声讨中概皮条网站了。
凡事都有利弊，anyways, just try to enjoy it.
best of luck!
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| b*******e
发帖数: 6389 | 6 这篇文章说出了很多人的心声啊，哈哈。
【在 k********8 的大作中提到】
: 牛刀兄要小心啊！！
: 我估摸着要不了多久花街就要开始大规模的声讨中概皮条网站了。
: 凡事都有利弊，anyways, just try to enjoy it.
: best of luck!
:
: in
: and
: and
: its
: to
| r********a
发帖数: 4472 | | Z****g
发帖数: 13731 | 8 原创？
【在 b*******e 的大作中提到】
: 这篇文章说出了很多人的心声啊，哈哈。
| b*******e
发帖数: 6389 | 9 no, 一个美国人写的。
【在 Z****g 的大作中提到】
: 原创？
| a****g
发帖数: 8131 | 10 k
我刚才还在想牛刀的英文怎么一下子提高了10个档次，难道跟邻居小妹成了？
【在 b*******e 的大作中提到】
: no, 一个美国人写的。
| | | s***y
发帖数: 357 | 11 搞这个现在已经恶性竞争了。现在高频交易各种死。交易所费用越来越高，散户成交量
越来越小。关键就是好的交易策略，只要有别的人知道就玩完。问题是只是包不住火的
，所以整个行业就越来越难。当然有的那种一个人知道全世界都不知道的策略的人闷声
大发财的人肯定也有。 | B********n
发帖数: 384 | 12 quit的根本原因是does not work out
【在 b*******e 的大作中提到】
: no, 一个美国人写的。
| f********x
发帖数: 2086 | | d**********r
发帖数: 24123 | | c*******y
发帖数: 1630 | 15 http://www.codusoperandi.com/posts/why-i-quit-algorithmic-tradi
转载要注明
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| S*******i
发帖数: 2018 | 16 本来以为是楼主原创，佩服得五体投地。
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| s***y
发帖数: 357 | 17 搞这个现在已经恶性竞争了。现在高频交易各种死。交易所费用越来越高，散户成交量
越来越小。关键就是好的交易策略，只要有别的人知道就玩完。问题是只是包不住火的
，所以整个行业就越来越难。当然有的那种一个人知道全世界都不知道的策略的人闷声
大发财的人肯定也有。 | x******g
发帖数: 984 | 18 谢谢分享，虽不是原创，能分享好东西也是好的，喜欢股版多些有营养的帖子
【在 b*******e 的大作中提到】
: no, 一个美国人写的。
| q********g
发帖数: 10694 | 19 机器智力归根结底还是人的智力。
坚持机器给指标给信息，纠合FA/TA，然后自己脑子判断。 | b*******e
发帖数: 6389 | 20 嗯，好文章要背诵下来，见人就反复宣讲。
【在 a****g 的大作中提到】
: k
: 我刚才还在想牛刀的英文怎么一下子提高了10个档次，难道跟邻居小妹成了？
| | | k**l
发帖数: 2966 | 21 dude,
我险些就发信给你说我们公司要招你这样的人了，
转载要注明！
in
and
and
its
to
on
【在 b*******e 的大作中提到】
: I spent the better part of six years, from roughly 1999 to 2004 and again in
: 2008, pursuing the chimeric fortunes of automated / algorithmic trading and
: while I never actually reached the promised land of a wildly successful
: trading system, along the way I did learn a lot about myself, the world, and
: how to write robust, highly perfomant code. The journey itself deserves its
: own post, or possibly several, as it was quite a strange adventure, but to
: get this subject kickstarted, I'll just begin with why I ultimately moved on
: to the web and startups.
: 1. An automated trading operation takes too much trading and operational
: capital (not to mention extremely low clearing rates, which are extremely
| k********8
发帖数: 7948 | 22 招我巴
我就是那个有好策略的人
【在 k**l 的大作中提到】
: dude,
: 我险些就发信给你说我们公司要招你这样的人了，
: 转载要注明！
:
: in
: and
: and
: its
: to
: on
| b*******e
发帖数: 6389 | 23 去招那个原创作者吧，他正在freelancer做外包。
【在 k**l 的大作中提到】
: dude,
: 我险些就发信给你说我们公司要招你这样的人了，
: 转载要注明！
:
: in
: and
: and
: its
: to
: on
| S*********N
发帖数: 6151 | 24
我有最好的策略，征富婆款姐。
10年如一日。
【在 b*******e 的大作中提到】
: 去招那个原创作者吧，他正在freelancer做外包。
|
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