AlexAmee
π Joined in 2017
πΌ 21 Karma
βοΈ 35 posts
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(Replying to PARENT post)
I takes me about 40 hours to do proper DD on a company. It depends if I know the sector well, if not then even more. The actual trade is just hitting the sell/buy button.
That's once in a month.
I don't think I could ever automate the DD process.
You can come up with good AI and amazing algos but at the end of the day, a doctor knows more about the ill person just by looking at him/her for a few seconds, I feel like it's the same with trading/investing.
If I automate the valuation, I lose the connection to a company and its numbers. Another example would be insider transactions, there is a difference how you evaluate insider trading, it depends on the company and its market cap, the sector, and the management.
I don't even know how I could ever come up with good indicators for those issues.
Now there are also people who use TA, that's your clientele.
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Ask HN:
"Switch from Web-Dev Freelancer to Mobile Freelancer?"
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I did not just short sell it instantly but I waited for news, once I realised that I was right, I shorted them and also made profit.
I believe in the company and I think that this stock will be much more worth in a few years but those absurd gains were just panic buyers and once they realised that they were wrong they started panic selling. Great week for me
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For android https://play.google.com/store/apps/details?id=de.elfsoft.bes...
For IOS
https://itunes.apple.com/us/app/best-brokers-stock-market-ga...
Once you have a solid understanding -> real money trading apps:
https://www.investopedia.com/articles/active-trading/111315/...
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But I had a very interesting situation once. I asked one of my clients if it's ok for him, if I move to Croatia for some time, he tried to convince me that it's his right to pay less since I don't need as much as in Austria.
So I assume that he basically thought: "you don't need that money since everything else is cheaper and you earn more than the average person in Croatia"
I mean if you think about it, the average salary in Romania is like 450 Euro's ? Now imagine a dev living in Romania with 4k Euro's each month, working for a company in Germany.
I'm not saying that they are right, all I'm saying is that I understand their thinking process ( even if it's totally BS )
They next issues: probably taxes, there is a reason why we got hourly rates like 90/hour, our taxes are killer, if you have good rates, you can be sure that you will lose 50% on taxes, while in other countries it's not like that.
Compared to Romania ( low flat rate 16% tax ), this is insane[0].
Long story short, they try to figure out the cost of living and based on that, that's what you get.
[0] https://europa.eu/youreurope/citizens/work/taxes/income-taxe...
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I probably want other readers to remind that they should not blindly trust recommendations from HN.
Edit: If everyone agree's on something, new readers will more likely accept the fact that this book is worth buying, but if a few say the opposite, the reader has to evaluate before buying.
I once bought the book 'garry kasparov - how life imitates chess' because of HN reviews, It was probably the worst book I've ever read, full of obvious things.
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