Should I avoid not invented here syndrome, or do it myself?

[nooby_mcnoob]

It is not really, though. Sunk cost assumes that time or money spent does not change your state as an economic agent and only adds material possessions.

You don’t know what will work in the long run because you have never done this in the long run. However, there is certain value of expertise - if you spent a month integrating a component into a system, you have intimate knowledge of that component that you will have to re-acquire if you install something brand new.

Indeed, and that's kind of why I'm erring on the side of remaining with my expertise. My experience with my own systems is that when they are an extension of myself, I am more productive than teams of people (this was a feedback I received while working at the hedge fund - they fired my entire team and got me to do everything)

 

[djames]

Why would you use this and not the official API?

It wraps the official API, imposes an ioloop and allows API to be used in none event driven manner.

 

[nooby_mcnoob]

Fun DIY update of the day: the cleaning lady rebooted my machine while I was out with the dog for a walk. LOL.

Time to fire up that Linode.

 

[SimpleMeLike]

So, let's say I lean more towards DIY. What would you guys use to monitor your trades in real time? Just what's offered by your broker? Or is there a dashboard?

Hello nooby_mcnoob

https://www.speedytradingservers.com/ I use this before and the service is terrific. I also use NinjaTrader and the service is terrific and free. Keep it simple, why build something that is already built and ready for use.

 

[sle]

https://www.speedytradingservers.com/ I use this before and the service is terrific.

It's especially touching that they offer IB TWS as a platform while pushing a latency-reducing solution

 

[nooby_mcnoob]

Hello nooby_mcnoob

https://www.speedytradingservers.com/ I use this before and the service is terrific. I also use NinjaTrader and the service is terrific and free. Keep it simple, why build something that is already built and ready for use.

This seems like a good idea.