Man I should have gotten into algorithmic trading a **lot** sooner.
Stock market go brrrrrrrrr
@freemo would you be so generous as to elaborate to my ignorance, as to what algorithmic trading is? Does that have anything to do with crypto/ledgers?
@lucifargundam it basically means you write a computer program that uses some sort of logic (it can be anything really) to decide when to buy and sell investments for you in the hope that it will make better investment decisions then a human.
As a general oncept it can be applied to anything, including crypto, but also stocks, fiat/forex, futures, anything technically
@freemo it sounds a lot more complicated than it seems to practically be. Still something I'd be willing to look into. At the moment I'll stick to my automated buy/sell triggers on RobinHood
@lucifargundam unless you have a specific algorithm in mind that you have written or taken from someone else and have already back tested it to be confident it is a good algorithm, then yea, its not what you should be considering.
Algorithmic trading is not well suited for a casual trader, or even necessarily a professional one. Its best suited for mathematicians, and programmers who have a good understanding of the math behind the investments or at the very least a good understanding of machine learning.
@freemo @lucifargundam
I hesitated asking about this because I suspected precisely what you said in your 2nd paragraph.
With that being said, I'm a physics undergrad (math heavy), experienced with Python, Golang, and programming in general, and I'm currently doing a machine learning course. So maybe it's something I should take a look at.
Do you think I should dive in?
@freemo
Thanks for the great advice.
I've dabbled in fake trading very briefly, and even then I was super paranoid.
I absolutely believe you about your "successful mistake". The stochastic nature of it all... it just seems so nonsensical. I guess that's the most off putting part.
But I can't say for sure untill I've tried it. Even some old trader friends said they dropped out of university because it made financial sense.
Once again, thanks.
@torresjrjr Anytime, goodluck.