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I have always been fascinated by the idea of Systematic ML trading... (building models or custom pipelines and neural networks and then use vast unstructured and structured data (news, price charts, technical analysis, etc) to predict and analyze the stock market or any tradeable asset).
Currently, I am a senior high schooler (passed out this year) who is just starting out, I was wondering, if I should enter the field?
The things that scares me are -
1. Bars in job market is extremely high, where they are hiring avengers (selecting 20 students for internships out of 20k applicants)
2. According to one video, >93% of the traders loose >$1.5k of their money.
3. HFTs and other firms are the ones who makes most of the profit and the other individuals people often loose money...
I researched a bit more about how can I learn practically without staking my own money, I came across these platforms -
**1. WorldQuant BRAIN**
It's not realistic in the beginning, but it becomes close to realistic when one gets selected for their consultant program. (which gets unlocked after reaching gold tier and 10000 points). The benefit is - I don't have to put in my own money.
**2. NumerAI Trading -**
It's realistic, but the problem is - I would have to trade my own money (3 NMR is the starting amount).
**3. QuantConnect -**
It's realistic, but to unlock the features, one have to purchase the subscription.
**4. Quantiacs Competition -**
I was not able to collect much information about it from the website and publicly available sources.
Are there any better platforms (or any custom setup) than the above mentioned four?
If anyone has any experience with any of the platforms, can you please share, it will help me to know which platform should I begin with...
One more thing I noticed, is Systematic ML trading extremely tough?
Like I was seeing NumerAI leaderboard, I sorted them by 1Y returns, to my shock, other than top 60-70, rest everyone were making a loss (if we take into consideration transaction fees, inflations, etc)...
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As I am broke, I don't have much money to trade it myself (as we need several subscriptions + API costs + trading fees, etc), I would be really grateful if any guidance or advice is provided like which platform should I use (the more realistic they are, the better), where should I start, should I enter the field, etc.
Any guidance or advice will be really grateful...