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RE: Why do so many traders fail? The best traders are "insane" by definiton

in #money7 years ago (edited)

thanks for your feedback!

i smiled a bit when i read this:

My problem has always been, I give advice that is more solid than the game I actually end up playing.

In the beginning of my career I could really empathize with this thought... I felt the same way... Thats ultimately why I adopted algorithmic trading, because I could dispense "advice" via code to my programmable desk of robot traders ;-) Over a decade later, i see the greatest advice an old trader ever gave me was to learn a programming language.

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Solid advice I should take and apply, thanks for it.

no prob! i would recommend starting with either python or R as good languages to learn. They're both ubiquitous in the industry, and are pretty much mandatory for a front office trading role these days.

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