StormKeeper
StormKeeper

Algo Trading

Hello folks,

I wanted to check if any of the people have tried algo trading and what has the experience been like.

What would be the various steps and resources required if I want to start it.

11mo ago
majboormajdoor
majboormajdoor

Background? Context?

Are you a trader currently? How much capital do you have? What skillsets would you employ? What's your current salary which you would forego? Do you wanna do it full-time or part-time?

StormKeeper
StormKeeper

I have tried my hand at intra day, swing trading the past. Currently I do short to medium term investing (6 months to 2 year time frame).

I realize that my capability to crunch data limits me in analyzing information of more than a hand ful of companies. So I want to explore alternatives

I want to do it part time for now in addition to day job. I am looking at starting with a capital of 2L and build upto 10L in next 1 year.

StormKeeper
StormKeeper

Have you had any experience in it?

tbk
tbk

The founder of stable money (app for FD) was working in HFT industry, let that sink in.

majboormajdoor
majboormajdoor

Hahaha. That shud have hammered

Elon_Musk
Elon_Musk
X.com11mo

So was SBF.

DebuggingInProgress
DebuggingInProgress
Zeta11mo

Why do you wanna do it? You got an answer for it?
Also, have you been trading manually since long? Got experience there?

StormKeeper
StormKeeper

Yes. I have experience of markets for 4 years now.

I see a lot of potential to generate passive returns in equities so I want to explore this.

DebuggingInProgress
DebuggingInProgress
Zeta10mo

Oh wow, 4 years is a long time! Thanks for sharing your experience here.
And apologies for asking so many questions, but did you double your investment in these last 4 years? If in less than that, then why do you even need HFT ๐Ÿ˜„
Just keep trading equities the same way and keep doubling your money every 3-4 years, that'll make you ultra rich anyways with least or no risk ๐Ÿ™Œ๐Ÿป

All the very best!

Unique
Unique

Let know how to DM you.

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