> In addition to that, people who are actually "good" at trading don't publish papers, they silently make money.
Well, that is mostly true. But never discount anything. There are people like me who used to love the data analysis and prediction part in these markets. I got hooked to the markets because of it. I was not interested in making money and naively thought my average pay was good enough. When I first built (or my machine built) a working strategy (in early 2008), live traded/tested it for a couple of months and told few colleagues about the details about the strategy - they did not take me seriously. This was even before I understood NNs or any of scikit-learn tooling. I knew I wanted to get into financial markets - went to a broker to sell the automated strategy and seeking a full time job as an algo-trader - they thought I was trying to scam them even after seeing the contract notes. Plus algotrading had not picked up back then. I found later about such scams. It took me 3 more years and a financial crisis to understand the value of making "much more than enough" money. And retrospectively I know those were just stupid attempts trying to convince others and attempting to give it away.
Well, that is mostly true. But never discount anything. There are people like me who used to love the data analysis and prediction part in these markets. I got hooked to the markets because of it. I was not interested in making money and naively thought my average pay was good enough. When I first built (or my machine built) a working strategy (in early 2008), live traded/tested it for a couple of months and told few colleagues about the details about the strategy - they did not take me seriously. This was even before I understood NNs or any of scikit-learn tooling. I knew I wanted to get into financial markets - went to a broker to sell the automated strategy and seeking a full time job as an algo-trader - they thought I was trying to scam them even after seeing the contract notes. Plus algotrading had not picked up back then. I found later about such scams. It took me 3 more years and a financial crisis to understand the value of making "much more than enough" money. And retrospectively I know those were just stupid attempts trying to convince others and attempting to give it away.