[Chicago] traders vs coders

[Jon Sudlow]

Thank you for the insights gentleman.

The first company I worked for was a prop trading company and I did
experience the burn and churn. I was greener than a lime back then.

Your correct about the latency issue. They want you to be super familiar
with it because if they could prove the trade didn't execute fast enough
they could get their money back on un favorable trades.

Thanks again for your tips - really informative

-Jon

On Sat, Sep 19, 2015 at 4:32 PM, Randy Baxley <randy7771026 at gmail.com>
wrote:

> 4, 5 and 12 are just fun reading even if you do not plan to trade.
>
> https://www.stocktrader.com/investing-books/
> .
> I have not read 10 but would say skimming it and the other charting book
> would be a good idea unless someone has some good recommendation for a
> charting book.
>
> I am fond of neural networks myself and finding models that fit a traders
> sensbilities to velocity and drawdowns.
>
> On Sat, Sep 19, 2015 at 3:20 PM, Jon Sudlow <jsudlow at gmail.com> wrote:
>
>> Does anyone have any books or references about the development of
>> computerized trading systems that will shoot straight with you and not
>> attempt to sell you a 5 step system? How would you train for a job like
>> this? Looks really cool.
>>
>> On Sat, Sep 19, 2015 at 3:10 PM, Jimmy Calahorrano via Chicago <
>> chicago at python.org> wrote:
>>
>>> worth to share!
>>>
>>> Why Goldman Sachs is replacing traders with coders
>>>
>>> http://www.independent.co.uk/news/business/why-goldman-sachs-is-replacing-traders-with-coders-10503906.html
>>>
>>> Jason we should bring someone from GS to the finance meetup ;)
>>>
>>>
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>>
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