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Is there any quants setting up their own trading business?

Posted: May 29th, 2013, 1:40 pm
by terryzz24
I have been working on quantitative trading research for years and built some workable strategies for different markets. But it seems difficult to find a relevant job to me. So I decided to sell trading signals via a trading signal vending platform cause it's better than benefiting nothing from my research. But I don't really think that selling signals is the long-term goal for this business.Is there any quants setting up their own trading business? Could you please give me any advises?Thanks in advance.

Is there any quants setting up their own trading business?

Posted: May 29th, 2013, 5:30 pm
by farmer
You don't need good strategies. You need marketing and a brokerage account, and put your clients in t-bills. Once you decide your target market, the strategy decides itself. You can always hire someone else to design the appropriate strategy, since nerds with algorithms are a dime a dozen.If you are going to sell trading signals, for example, you need to generate action. The people who buy trading signals are a bunch of conspiracy theorists and gamblers who want to see trades every day. And if the market is moving, they want excitement. So a breakeven scalping system which participates in all the newsworthy moves will get them addicted. Next you have to decide stocks, forex, or gold, since those have action that is interesting to retail chumps.

Is there any quants setting up their own trading business?

Posted: May 30th, 2013, 12:41 pm
by terryzz24
QuoteOriginally posted by: farmerYou don't need good strategies. You need marketing and a brokerage account, and put your clients in t-bills. Once you decide your target market, the strategy decides itself. You can always hire someone else to design the appropriate strategy, since nerds with algorithms are a dime a dozen.If you are going to sell trading signals, for example, you need to generate action. The people who buy trading signals are a bunch of conspiracy theorists and gamblers who want to see trades every day. And if the market is moving, they want excitement. So a breakeven scalping system which participates in all the newsworthy moves will get them addicted. Next you have to decide stocks, forex, or gold, since those have action that is interesting to retail chumps.Hi Farmer, thanks for your advises. It's still a long way to go to me to get client's money in my account.

Is there any quants setting up their own trading business?

Posted: May 31st, 2013, 2:43 pm
by AnalyticalVega
QuoteOriginally posted by: farmerYou don't need good strategies. You need marketing and a brokerage account, and put your clients in t-bills. Once you decide your target market, the strategy decides itself. You can always hire someone else to design the appropriate strategy, since nerds with algorithms are a dime a dozen.If you are going to sell trading signals, for example, you need to generate action. The people who buy trading signals are a bunch of conspiracy theorists and gamblers who want to see trades every day. And if the market is moving, they want excitement. So a breakeven scalping system which participates in all the newsworthy moves will get them addicted. Next you have to decide stocks, forex, or gold, since those have action that is interesting to retail chumps.True! Very well put.