Algorithm for stock market....
- Thread starter tanwahtiu
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if so good inventor is multi trillionaire leow
Sure is. Jump on board then....
Forget about residential property investment... unless you want more Foreign Tenants ahnehs to be your neighbour and make them from zeros to heroes to Superstar IT workers in Singapore.
Since this is the next phase of IT skillsets ahneh won't be interested in coming to Singapore and residential properties expect to crash soon... residential property investment need tenants.... to help you pay off your mortgage....
IT algorithm trading remove the tenant factors... and is cash money.... bitcoin coming .....
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A Tiong guy tried to sell me software/courses for stock trading outside the Outram Park MRT station some years ago. This was before the demolition of Pearl's Centre and when you still could walk directly out of the MRT station's side entrance (the other side entrance faces Outram Road and SGH) towards Pearl's Centre and the Chinatown area. 
Hi.
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hey, the 2 of you, please make peace, we are all sinkees,
algo trading is just for big hedge funds to cut down on employing expensive traders,
only 1 in 5 daytime trader survives, some of them in the US lose all their money and even kill themselves and their family,
i should know, i was a bank trader for 35 years
wont any fucker who tried to sell you something that sure make money keep it for themselves?
then there are those who give 'seminars' to teach you how to sure make money....haha
there is no such thing as a free lunch
algo trading is just for big hedge funds to cut down on employing expensive traders,
only 1 in 5 daytime trader survives, some of them in the US lose all their money and even kill themselves and their family,
i should know, i was a bank trader for 35 years
wont any fucker who tried to sell you something that sure make money keep it for themselves?
then there are those who give 'seminars' to teach you how to sure make money....haha
there is no such thing as a free lunch
This is known as disruptive Technologies. Taxi industries was broken up by ride sharing gig Uber......
Finance will be next to get disrupted. Even lawyer industry must get into IT using NLP algorithm technology....
Data analyses is a game changer for finance and banking.
Wow! You have my respect!
I wish I has gone into banking instead of medicine. If i did I would not have migrated.
I told my father i was going to study finance and he was so disapppinted in me. Later on during NS i had a hard time and medicine represented a way out via disruption.
I regret falling for this apple.
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every occupation has it own problems,
i am a gambler at heart so i managed to survive,
its a very unstable job, 2 months you dont make money and you are sacked,
was jobless for 8 years one stretch, lived on savings until only $800 in bank account, kids was small then
your dad was right....doctors are much more useful than traders, must keep your integrity when dealing with patients, you will be glad knowing that you did good in your lifetime when you die
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Sounds tough.
I hope you hit a good run later on! I had many patients also bankers. They all laugh at me. When i said dr is like tortoise slow but steady one senior banker laughed and said ok lah if you want to work til die.
He said fhe goal should be earn a lot in short time then retire young.
I felt very disheartened then. Work for 6 years as dr only have 15k savings in bank. Kids small. Wife's friend hubby waa trader. Somehow he work 3 years can afford buy 2 condos in orchard area. My wife asked me her friend buying condos say we should buy too. It was 2004 just post SARS. I said we only have 15k how to put downpayment? And who gonna give us mortgage?
A few years later wife's friend's condos went en bloc. Made 6m. Retired mid 30s.
I asked before how they got morthagem they said work bank can get.
I have told myself i will work till die. Eases the pressure.
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this guy one of the luckier and daring ones, top 10% probably, another 50% barely made it every month, another 40% got fucked and change industry within a few years,
but the hours are damn long if you losing money, 7am till maybe 4am on the damned reuters screen
i think he is sucking his own cock everyday haha, retired mid 30s....... just joking
all that money only benefit his kids, dont think our generation spends too much
I think thoae baby boomers born 1940s to 1960s become dr.....good. earnings high. Property prices low. Many invested well.
Those like me born 1970s.....by the time working is 2000s.
Property already starting to get out of reach liao. How to earn fast enough? It is not about being top 10% or not. It is takes time to become specialist. So simply Cannot.bu the time specialist is like 2010 to 2015.
But the bankers ans traders might have been able to get in with preferree mortgages from their employer. Top 10% means big bonuses also. Dr got no big bonus one lah.
I think thise born 1990s onwards....be dr is really crap.
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u r right....most traders are smart and know how to invest, but some have balls so they made it big, i dont have big balls because i came from poor family and kids were small so i just get by.....
you better go sleep, its 330am in canada if i am not wrong, we chat another day, dont spend too much screen time, spoils you eyes, cheers
It is 140am.
I slept the whole afternoon.
I am staying up to chat with a friend also.
I remember watching a video interview fhat @Asterix shared. Was with the guy who helped George Soros fund.
He said that the guys who made big money bet big. Not the diversify and all that crap.
I am sure some guys bet big and also lost big.
Makes sense lah. But at least if bet big win big lah.
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