Jeremy Tang | Founder of SharkIndicators
Success leaves clues.
Finance Strategists sat down with Jeremy Tang, founder of SharkIndicators. He discusses the past, present, and future of the company, as well as what he learned from running the business.
Who is Jeremy Tang?
Q: Who are you and what’s your background?
I have always been a software developer at heart and have been programming since a young age. At some point in my 30’s I took an interest in trading and trained for a couple years, first learning options then eventually technical trading in general. Since then I have looked to combine knowledge from both disciplines as a career.
Q: Who has been your biggest influence, and why did they have such a significant effect on you?
My biggest influence has been my best friend whom I have known since I was 4 years old. I learned some incredible lessons from him about patience and persistence. He was the most generous and genuinely supportive person I’ve seen. I’ve modeled my own interactions with people the same way and I’ve formed many meaningful and fulfilling personal and business relationships following that philosophy.
Q: Knowing what you know now, what would you have told yourself when you were in your twenties?
In my 20’s I had started as an entrepreneur in a company in an unrelated field. The company eventually went under and cost me and our investors everything. It taught me a lot about work ethic, goals, and dealing with failure. I would not have changed the past in any way, but there were days of despair where I was not sure if I would ever make something of myself. If I could go back, I would offer myself words of reassurance.
But I’ll be honest, if I could go back and communicate anything to my past self – I’d just tell myself to buy as many shares of Amazon and Apple as humanly possible!
What is SharkIndicators?
Q: What is SharkIndicators?
We are a software company that sells sophisticated retail trading tools for planning technical trading systems and executing them either in a discretionary or automated fashion.
Q: What makes your company different from its competitors?
Our company philosophy has always been to enhance our customer’s trading methodology and habits rather than force them to trade a particular way or follow an existing trading methodology. Our product is ideal for any type of trader, whether you are a scalper, trend trader, looking to fully automate, just trade discretionarily or have some hybrid style of any of them.
Q: What led you to start SharkIndicators?
SharkIndicators was born out of a desire to create a tool that could mimic a talented discretionary commodities trader. This trader would modify his already complex trading system on a daily or weekly basis.
I found it was almost impossible to keep up and code an automated system that kept up with his innovations on an ongoing basis. Eventually, I found that it was more about iteration and constant improvements over time that made this trader effective. Our main product was born out of a frustration of creating an automated trade system that was ever-evolving. Eventually, I concluded that a tool that could allow users to quickly create and modify trade systems on the fly could benefit a lot of people.
Q: What has the experience of building the business taught you?
It has taught me there are effective ways to do things and efficient ways to do things – and they are not the same thing. Efficient means doing things quickly and with limited time or resources. Effective means deciding on doing actions that best contribute to your goals. It is important to do both.
Q: Where do you see things headed for you in the next 5 years?
It is hard to say where the future of trading may be with advancements in AI, and quantum computing on the horizon. Personally, I have a deep interest in AI and I am looking for ways to incorporate that technology into our products. The later technology is one that may change the game entirely; and it is anybody’s guess, including mine.