However, it became hard to maintain an opensource version. I would say its still not a bad way to get a head start (bias there, ofc)
I will say, its not something that can be done "on the side." I originally made a decent amount of $ by getting lucky in crypto. I figured I'd "just become a algo trader" and it was much more difficult than I could have imagined.
I actually _just_ started a series on how to build an equity trading system from scratch. I planned to put part 1 out later this week but eh, I'll post it now, it touches on it better than my comment here can :)
* the post assumes you already have alpha (a profitable strategy)
> Has anyone done this successfully?
Regarding this, I actually originally talked a bit with the (now infamous) SBF of FTX about this. I originally wanted to join Alameda Research... but at the time, I didn't want to move across the world. For years I regretted that decision (not so much now, lol) I started my own firm though and I have made a decent amount of $. Truth be told though, knowing what I know now, I might have put more energy into a start up. I enjoy the challenges of algotrading but doing some consulting work, I think I enjoy "building" more than running statistical tests, cleaning data, etc etc.
To sum up this comment though, _if_ you had a profitable strategy and _if_ you built a system that could reliably execute trades, you certainly could be successful. It is very difficult though.
I made a python framework to try to help with this: https://github.com/robswc/stratis
However, it became hard to maintain an opensource version. I would say its still not a bad way to get a head start (bias there, ofc)
I will say, its not something that can be done "on the side." I originally made a decent amount of $ by getting lucky in crypto. I figured I'd "just become a algo trader" and it was much more difficult than I could have imagined.
I actually _just_ started a series on how to build an equity trading system from scratch. I planned to put part 1 out later this week but eh, I'll post it now, it touches on it better than my comment here can :)
https://robswc.substack.com/p/building-an-equity-trading-sys...
* the post assumes you already have alpha (a profitable strategy)
> Has anyone done this successfully?
Regarding this, I actually originally talked a bit with the (now infamous) SBF of FTX about this. I originally wanted to join Alameda Research... but at the time, I didn't want to move across the world. For years I regretted that decision (not so much now, lol) I started my own firm though and I have made a decent amount of $. Truth be told though, knowing what I know now, I might have put more energy into a start up. I enjoy the challenges of algotrading but doing some consulting work, I think I enjoy "building" more than running statistical tests, cleaning data, etc etc.
To sum up this comment though, _if_ you had a profitable strategy and _if_ you built a system that could reliably execute trades, you certainly could be successful. It is very difficult though.