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Then work for yourself. The fact is that too many
companies are looking for brilliant computer programmers/statisticians to
find the grand unification theory behind making constant profits with no
risk in the markets.
But the dynamics are changing once again, and I warn you that your
potential boss has the return of 1999 on his mind. All these smart computer
programmers who use high math to capture all the wiggles of profits in
a momentous market will begin to lose their quotas because they never
paid attention stupid stuff like simple moving averages and breakout systems, which
could suddenly work very well following capitulation and when we enter a very
long period of no volatility and momentum.
So don't work for someone else and then get screwed when they change their
rear view mirror policies. Take a risk and borrow money to buy you
time to develop your own stuff. If you don't find anything, get a
job. If you do, put it in a proposal and raise $$. Then trade it
yourself and keep it to yourself.
TS> Hmm... I've got a CCNP(it's a Network Engineering Certificate) and dealt
TS> with the computer hardware side since I was 7 years old as a hobby. I'm 25
TS> and got a IQ of 173. Trading for 6 years and making systems for about 5
TS> years
TS> Computers were never a problem because everything is pretty much set,
TS> meaning the rules and the basic environment is set in order. Trading is
TS> much more difficult because everything is too chaotic(I don't believe in
TS> Random Walk though). Personally, it's more fulfilling to me to be able to
TS> trade than being able to fix a network so I'm more concentrated on trading.
TS> As for the computer geeks, they're not as smart as you think. I may
TS> have a high IQ but it's worth nothing. I believe people here are a lot more
TS> "wiser" when it comes to real-life algorithms.
TS> One reason I'm asking the question about TS Programmer is to earn more
TS> money to rid my biggest problem toward trading which is lack of capital.
TS> Another is to gain other insights about system trading.
TS> Travis
TS> ----- Original Message -----
TS> From: "Michael de la Maza" <mdlm@xxxxxxxxx>
TS> To: "'Travis Saimoto'" <support@xxxxxxxxxxxxxxxxxxx>; "'Omega List'"
TS> <omega-list@xxxxxxxxxx>
TS> Sent: Wednesday, June 26, 2002 12:27 PM
TS> Subject: RE: Trading System Programmer (2) -- Not advisable
>> Travis,
>>
>> My guess is that at least 30% of the computer science graduates from the
>> top schools (Stanford, MIT, CMU) have a decade of programming
>> experience. Not only do they have more experience, they are (probably)
>> younger than you are, smarter than you are, and harder working than you
>> are. Now that the Internet has blown up, Wall Street has regained its
>> position as the place that provides the best compensation for CS
>> graduates. Check out www.topcoder.com if you want a peek at the sort of
>> talent that you would be up against.
>>
>> If you are looking for a way to make money, competing against 22 year
>> olds with IQs of 140 is probably not the way to do it.
>>
>> Michael
>>
>> -----Original Message-----
>> From: Travis Saimoto [mailto:support@xxxxxxxxxxxxxxxxxxx]
>> Sent: Tuesday, June 25, 2002 9:43 PM
>> To: Omega List
>> Subject: Trading System Programmer (2)
>>
>> Thanks for all the quick response first. But I can't seem to get the
>> answer
>> for becoming a full-time trading system programmer for a firm. I'm very
>> interested in this job and wondering if you have any opinions and advice
>> for
>> the career.
>>
>> Thanks in advance, again.
>>
>> Travis Saimoto
>>
>> Last message:
>> Obviously, there are a lot of things Tradestation/EasyLanguage cannot
>> do.
>> (Ex. You are following 2 markets, trade Market X if you are up 2% on
>> Market
>> Y). So I've decided to learn how program in C/C++.
>>
>> Now that I've started learning and started to grasp the whole
>> programming,
>> I've realized how much more I can do toward creating a system. It's fun
>> trying to improve your system and trading, simply I'm a system
>> developing
>> junky and thinking of career change. I'm wondering if there any trading
>> system programmer in O-list and how you got started. Also, how much
>> skill
>> you need to be, to start.
>>
>> Thanks in advance.
>>
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