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Hey, basically I was always fascinated in the business/stock market even as a kid, so when I grew up and started working (Sysadmin/Security space) I started investing in whatever mutual funds my bank would recommend and it took me few years to realize how bad this investment was with the front/back loads, too many fees, etc... After that I decided to invest myself, so I took the path of reading a lot of useless books on value investing, technical analysis, etc and was sill losing money until I realized, that nobody in tier right mind would publish their trading secrets and even if someone does, all the money pouring into the system will arbitrage it away rather quickly, so all those people are basically making money not from trading, but from selling the dream... Eventually, I bought data, learned myself how to program with Python (I am not a developer, so my programs are quite rude you might say) and started back testing any trading system I can find, all were losing the the long run, but I got the feeling for the market and started testing my own ideas until I found my edge... Automating it was easy afterwards using the API from discount broker... Hosted in the cloud with redundant servers around the world, and still testing new ideas... My system does not require daily intervention and does everything (buy, sell, sizing, stops, adjustments, exists) by itself, but I would check the logs once a week to make sure everything is working properly, I do also have monitoring in place to monitor my servers, my API providers, also I sent myself notification after buy, sell and other statistics - maybe a bit overkill, but I am a sysadmin by heart and the email and SMS are free :-) I would recommend buying some data: the far back you can get, the better, rent small linux VPS, learn some python and start testing, it won't be easy, but if you have interest, it makes a great hobby, and who knows, you might find your edge, sooner than later and it is well worth it, the compounding will generate your FU money, and something you can leave to your kids to run after... The books I would recommend are more for motivation and inspiration: The Asian Saga by James Clavell, reading as a kid on how to rule your life, business and create a dynasty... https://en.wikipedia.org/wiki/The_Asian_Saga More Money Than God: Hedge Funds and the Making of a New Elite by Sebastian Mallaby - on how to rule the world :-) https://en.wikipedia.org/wiki/More_Money_Than_God A Man For All Markets by Edward O. Thorp - basically the father of quant/systematic trading and one of the greatest minds of our time... http://www.edwardothorp.com/books/a-man-for-all-markets/ |
Hi, interested in trying this as a hobby, what kind of data did you buy? from where?