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070: Jeff Davis – Specializing, Automating and Using Stats for High Probability Trade Setups
Chat With Traders
How to Trade Algorithms
If you had your time over again, would you have made a conscious decision to learn how to program? I don't know if me being a programmer was going to help that. It probably would have taken away from my screen time and screen time is so important. "I think any way that you can go where you can get some part of your strategy automated or more mechanical is going to help you in these markets," he says.
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Speaker 2
So if you had your time over again, would you have made a conscious decision to learn how to program right when you were starting to go down this path? Or would you have done it much the same as you have?
Speaker 1
I would have done it in high school when it was Fortran and then Coball back when I was in high school. I knew he was going down this road. But no, I don't really, I don't know. I think I got to where I am because of, you know, my pattern recognition in, with my mind, seeing stuff in that. And I don't know if me being a programmer was going to help that. It probably would have taken away from my screen time and screen time is so important. So to me, I had the screen time and kind of had these patterns in that in my mind and that and it was just getting somebody to help me build them out. And we did that. And, you know, got a really nice product out of it and just going forward, it's still, you know, it's still, it's good. I don't regret not programming. I don't at this age an hour, I am early 50s. I don't even want to think about it. That's the truth of the matter. Okay.
Speaker 2
So I guess for some younger guys who might be listening who, you know, are trading by hand at this stage, but maybe interested in getting into algorithmic trading, would you suggest teaming up with a programmer who has trading knowledge versus learning how to program for
Speaker 1
themselves? Without a doubt, I just think any way that you can go where you can get some part of your strategy automated or more mechanical is going to help you in these markets. These markets, you're just, you're trading against algorithms left and right. The bulk of the trading is that. So any help you get that. If you're in your early 20s, definitely learn something. I would, you know, I'm saying me 30 years later, 30 years advanced from that. It's a different story. If somebody in the 20s, not learn. And if you can't wait, then find somebody that can program work with them, you know, get your ideas going. Just, you know, avoid the rabbit holes.
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