Removing the golden handcuffs

Discussion in 'App Development' started by fan27, Jul 2, 2018.

  1. traider

    traider

    what is ROI now?
    What is sharpe? Please share your joy
     
    #211     Oct 3, 2019
  2. fan27

    fan27

    So far this year as a result of live trading, I have:

    1. 27% return on my account.
    2. Multiple AlgoTerminal consulting contracts.
    3. Collaboration interest from two hedge funds.

    Items one and two can continue with a full time job (maybe even item three).
     
    #212     Oct 3, 2019
    tommcginnis likes this.
  3. I trade automated.

    I have to watch the systems constantly and work more hours than a normal job.

    Somebody who will sell you that you can just let the systems run and have another job or sit at the beach is a lying sob and should be stopped before hurting others.
     
    #213     Oct 6, 2019
  4. fan27

    fan27

    Why do you have to watch your systems constantly? What does a typical day look like for you?
     
    #214     Oct 6, 2019
  5. tommcginnis

    tommcginnis

    You realize that there is a spectrum, don't you? And that you're at one end of it? Maybe like,
    Design The Market <===> Design The Day <====> Design The World

    So, your entries & exits are automated, but you have to monitor as long as your machine is on -- one end of the spectrum. ("Design The Market") But there are those who need only check after market (RTH) close ("Design The Day"), and those others who need check after weeklys close -- and still others who check after other big transitions for which they have written positions across, but not coded across.

    If you're too close to your code, hand it to someone else
    , and have them whiteboard what would need to happen before you could step away for the day. Then (and probably much easier), do the same sort of review for being able to go overnight. If you can define those conditions, you (as programmer/designer) can code them into place.

    FWIW, I am still in the *trading* design/algo development stage, but everything I do is intended to make the portfolio/inventory go "overnight+" -- so, I'm not trying to Design The World, but maybe just Design The Day. But right now, my positions algo/setups still rely on near-constant monitoring. But by having that longer lens in hand, I've gotten a way-big head start on the eventual setup.
     
    #215     Oct 6, 2019
    nooby_mcnoob likes this.
  6. Can you analyze what you are doing while you are watching the systems? Can these activities be automated, such that it does not require you to constantly need to supervise your trading software?
    When your trading software does not require constant supervision will you be able to do a step back and think on a higher level of abstraction/strategy. This enables you to develop further strategy improvements, or a next version of your system which works even better than the current one.
     
    #216     Oct 6, 2019
    tommcginnis likes this.
  7. guru

    guru

    It depends on whether your system trades several times per day vs several times per month. There isn’t much to watch if you look at fan27’s trades posted here. And his executions are performed by a 3rd party system where he exports his strategy.
    Actually all your questions and comments posted here so far imply that you haven’t read this thread, so I’d just recommend reading it :)
     
    #217     Oct 6, 2019
    fan27 likes this.
  8. fan27

    fan27

    Four interviews lined up so far for next week. Looking forward to a steady paycheck.
     
    #218     Oct 31, 2019
  9. Damn, you are in demand! Good luck on the interviews!

    I knew you were a baller.
     
    #219     Oct 31, 2019
    tommcginnis, fan27 and themickey like this.
  10. Sorry your trading didn't work out.

    Nobody is going to lick boots again when he has a personal ATM
     
    #220     Nov 4, 2019