Hacker News new | past | comments | ask | show | jobs | submit login

Claiming that being smart isn't required for trading is not the same as claiming that people doing trading aren't smart.

(Note that I personally have no opinion on this topic, as I'm not sufficiently informed to have one.)




I was specifically addressing the "being smart isn't necessary for trading".

The op is making some implication across numerous posts that it's all basically a big con and it's all very simple.

It is like claiming you don't need to be rocket scientist to go to the moon because they just use metal and screws.

The individual parts might be simple in isolation. But it is the complexity of conducting large scale, large scope research in an environment that gives you limited feedback and will adapt to your own behaviour changes that is where the smarts are needed.

OP seems to not understand the inherent difficult of doing any research.

Almost anybody could be taught to make a simple circuit and battery from some basic raw materials. The fact it is simple and easy now we know the answer does not mean it was simple or easy to discover. Some of the greatest minds dedicated their entire lives to discovering things that now most 10 years olds understand. That doesn't imply you only need to have the intellect of a 10 year old to make fundamental breakthroughs in science.

Working in quant trading is almost pure research - and so it requires a certain level of intellect - probably at least the intellect required to pursue a quantitative PhD successfully (not that they need the PhD but they need the capacity to be able to do one).




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: