Hello Elite Traders, I am in search of stock traders & investors who would be willing to share their experiences and challenges when trading. I am using the information to develop new FinTech ideas. If anyone here is interested, please reply back with some feedback and we can work towards making contact if interested! Again, thank you for your time.
Yes exactly, I am looking to figure out the primary problems that traders face, and base the service around that. So, tell me, what problems are you faced with? What kind of services do you use?
Problems? Low volatility, not enough stupid orderflow and HFT's. If you could develop a FinTech around that, I'd highly appreciate it.
Taxation problems. -> How to avoid giving away 50% to the state. -> ... Transparency problems. -> How to hide your toxic positions to your boss. -> ... Accountability problems. -> How to tell your broker your last trade was a joke. -> ... Connectivity problems. -> How to practice HFT while you're on a cruise. -> ... Oracle's problems -> How to buy low & sell high -> ... ... Kiddin' Even if these are real problems with no real solutions
Wow lol, that was a nice refreshment. I'd love to make all of that a possibility even if semi serious. "How to practice HFT while you're on a boat" interests me a lot. Do you as a trader desire a way to be active on the market without having to put full attention towards it?
So I am a bit confused by what you mean, would you like tech that would add more orderflow and HFT in the market? Or do you mean a better algorithm that would trade based on volatility, orderflow, and hft?
If you can solve one of these. I guarantee you'll be the richest guy ever It's not about attention. There's already automated trading for that. You can automate your strategies then leave the Algos work for you. I am not an Algo trader so I can't tell the problems to be solved there. Yeah. Because I think that there's always some improvements to be done. I like the idea that perfection is reached when there's nothing left to remove. Uh ... That was more an issue of connectivity. Fast & Wireless connection. Good luck !
Here's a problem - Tech departments is big banks / brokers Are completely retarded They follow process instead of innovate They comply instead of improvise Their creativity is completely quashed Essentially, the tech that supports trading desks is old, and shit And tech managers do not understand any financial instruments This is why you see spreadsheets on PCs that we hide from IT interference The tech department has to be actively worked around It cannot worked with Complete waste of time.
Thanks Rationalize, to follow up, can you envision any tech that would actually be useful? Possibly a complete overhaul including modern techniques?