Tuesday, November 4, 2008

The time has come

From the title you might think this is a political post. Well I will save that for another time. What I need now is to move more of my analysis to automated form and also to make it more publically available. My overarching goal is to bring actual data to concepts that good traders know and evaluate instinctively and qualitatively, but not quantitatively. The reason some traders like to trade one stock is that they get to know its characteristics, including its gap tendencies, its intraday movement, and and its movement with the overall market. The good news is that these characteristics can be quantified and therefore evaluated and assimilated in less time. I call it the triumph of science.

This is not to say that trading can ever become automated. Despite what I said above, I believe just the opposite. There is no substitute for years of watching the markets and trading. But what I strongly believe (and what I hope I have already proven to you by the creation of the gap stat calculator and the co-relation calculator) is that quantitative analysis can bring powerful insights- the same insights that expert traders have always made, quietly and intuitively, without ever making calculations. There is more than one way to get to the end of the road, and I am trying to use what I know to get us all there sooner.

THE POINT OF THIS POST is that I need a programmer to help me, for which I am willing to pay. Ramtajogi, Slowpoke, Brian, this post is to all of you. Or anyone else that can help. Please email me so I can discuss my ideas in detail and work out some kind of arrangement. 

2 comments:

James Krieger said...

Johnny,

I used to be a computer programmer but I'm not anymore and I haven't programmed for years so I wouldn't be much help.

I do have ideas though that I can throw your way that maybe you could give to the programmers. For example, I was thinking today...what makes a stock a good short into the close? The gap stat calculator is helpful but doesn't tell the whole story. For example, what is a stock's tendency after big run-ups after it's gone red? Things like that.

I'm a scientist like you and I'm all about quantifying probabilities to help make trading decisions. I agree that nothing beats years of experience in the market, but hard numbers always help.

RamtaJogi said...

JV,

From the day I have ventured in to this wonderful world of trading, I have felt that there are lot of things which are not automated. It's not possible to mold the available software to fit your strategy. I immediately felt that I can use my programming knowledge as an edge.

And coming to your post, I really like your analytical approach and that's why I created the calculator in the first place. I will definitely be willing to work with you on other tools which you might need. I think we work together, we can both be very successful.

I did see your other post about idea for the other tool but could not respond because of some extra work at my day job.

Let's chat today evening (around 9pm EST) and try to figure something out.

Good luck!
RJ