I'm new here in quantopian, I've been reading about trading for almost a year now and trying to make a first algorithm that just works. Im aiming for building a basic one, as a newby is not likely that I make some great discovery.
I'm currently reading about the common factors and especially interested in Momentum and Short term reversal, since my understanding of the markets is that stocks move in trends + waves.
My question is, its possible to build a nice working strategy based on the common factors? Maybe it won't be a great one for a competition neither a unique one, but really useful for someone just getting started for making a few bucks and gaining faith. If so, can anyone point me in some direction for continue learning.
Or is it that the common factors are too risky and you will never be able to make something good enough?
Here are two post that were useful to me for anyone else that is in the same road:
Im really struggling with my learning curve so I would appreciate any kind of help or advice