describe your firm's office snacks
No, fuck off to /biz/, no economics threads on my watch.
>>13633401Shut it>>13633385Of all the images you could choose, OP...
>>13633385Previous thread OP here, here are some resources from the last thread that are cool> math & quant resourcesYT channelsDimitri BiancoNEDL Quant papers and resources hoardhttps://drive.google.com/drive/mobile/folders/1XUm1LaGMtVmAgrSCHBFr2908Q4dKAp-fMath syllabus for quantshttps://www.quantstart.com/articles/How-to-Learn-Advanced-Mathematics-Without-Heading-to-University-Part-1/> programming resourcesBasic DS - any book or online resourcehttps://www.amazon.com/Structures-Algorithm-Analysis-Computer-Science/dp/048648582Xhttps://www.amazon.com/Data-Structures-Other-Objects-Using/dp/0132129485/https://ucsd-cse100-s20.github.io/Data Structures and Algorithm Analysis in C++, Third Edition, by Mark Allen WeissEffective C++, Third Edition, by Scott Myers https://cseweb.ucsd.edu//~rajaiswal/cse101/Algorithm Design by Jon Kleinberg and Eva Tardoshttps://cseweb.ucsd.edu/classes/wi18/cse105-ab/Sipser, Michael Introduction to the Theory of Computation, Third Edition You could skip assembler; read and decide.http://kastner.ucsd.edu/ryan/cse-30-computer-organization-and-systems-programming/https://github.com/ucsd-cse30-f17/syllabusCompetitive programming syllabus https://cses.fi/book/book.pdf
>>13633537Why is half of it coding?It's not even the funny ebin Python time series coding, it's actual algorithm design and fucking theory of computation.
>>13633544A decent quant is a good coder. Also, quant devs are a thing.If you actually look at the links, there are way more quant proper papers in the drive than the other stuff combined.Instead of complaining you can add more mathematical resources :)
>>13633385Just read Shreve's other books, more to the point than these. Also read an applied finance book like Willmott or the big one everyone uses these days.
>>13633578> the big oneHull?
>>13633544unless you wanna be some retarded excel spreadsheet jockey at a bank, you better learn to automate your analyses.
>>13633385What do you quant geniuses think this guys strategy is? He makes millions every week. A few crypto whales I talked to literally called him the best trader in the world.
>>13633582yeah Hull thanks
>>13633626He does the Bible trading method from Sirens of Titan
>>13633578Agreed, Shreve is pretty much industry standard. But also, unless you're working on a structuring and pricing desk, StoCal is not terribly useful for everyday use.
What do people with degrees in Finance do besides being "quants"
>>13633747Finance people actually mostly do stuff like asset management, investment banking etc, which has not much to do with quant
>>13633747Mostly corporate finance honestly. Getting in to good banks or funds is very difficult unless you comes from a target school.
>>13633537A Google Drive folder might not last very long due to copyright issues or something like that. Can someone copy the contents of that drive over to Mega or GitHub?
Posting an anon's observations and thoughts on quant jobs from an old thread about a year ago:"I'm gonna stop you right there buddy. Becoming a quant is a pretty sweet gig no doubt, but you're a bit delusional.So let me just start off by saying - you are definitely not going to become a quant unless you get a PhD related to stats/maths/finance or at the VERY LEAST a masters degree related to those fields. Being good a C++ is only part of what it takes to become a quant. You have to be good at math, understand finance and also have a lot of experience in the finance sector.And before you go on and say that you're good at all those things, let me stop you again, buddy - You're not. The reason this job pays this well is because they hire ivy league/top university graduates with PhD's and years of experience using HPC C++ who know C++ so well they can basically write a fucking in depth book about it.I don't want to crush your dreams man, but I strongly suggest you aim for a different career path, it is almost guaranteed you will not become a quant. You have to be autistically intelligent and good a programming to to do. And once you end up getting the job, you WILL hate it. You will work 80 hour weeks guaranteed and you'll live in finance hubs, where the COL is really high so your salary might not even be that great comparatively in the end.You can get a cushier, easier and a high paying job with C++, but honestly, trust me, you don't want to be a quant.>t. someone whose brother became a quant after graduating from MIT and quit after two years because he had a mental breakdown"
>>13634501Will tty to do and post the link tomorrow anon
>>13634526Kinda good points, but then again, finance and algos are the only thing that interests me profesionally, so...
>>13633544Because this is essentially applied data science.
>>13634526Cope and rope.
>>13634667It’s not that hard or that stressful. It’s just another field of knowledge. You get good at it if you’re good at it and you train. I guess people complain because they’re just in it for money and are forcing themselves to study it but I honestly find the scientific study of prices in markets to be inspiring passion.
>>13634740scientific study of man made concept XD
I wanted to get an undergrad degree in maths in 2022 (I'm 19), but then I've seen this interview which suggests that CS degree is preferable. What do you guys think? I've heard that undergrad degrees in CS suckhttps://www.youtube.com/watch?v=3kP1fF6V0Ec
>>13633461>Of all the images you could choose, OP...why, is it a troll image?
>>13634740He might be wrong about the emotional aspects of the job but he's not wrong about quant not being everyone's cup of tea. One has to be very very strong at math, logical reasoning and programming for entry level quant roles, even more than FAGMAN
>>13635097Literally no idea why you think this is a point against finance
>>13635145Math is better for quant reseraxh, I'd supplement it with some coding experience anon
>>13635155It's advice from /sci/, so I don't trust it too much kek
lmfao>Oh yeah bro I'm going to read proofs about brownian motion I'm going to get so rich.Just admit you want to do study mathematics and be considered "smart" and stop pretending that what you're really after is wealth.
>>13635464Isn't it usually the opposite?
>>13633385im about to have a brownian motion in my pants
>>13633385>Should actually be able to make moneyLmao. Fucking no.
>>13633385im about to finish grad school specialized in stochastics, ive done quite a bit of financial math. This set of recommendations is terrible and designed to burn out anyone attempting to self study. All sci math charts are. What you do after having some background in measure theory and probability theory IS NOT READING KARATZAS AND SHREVE. Get Oksendals book on SDE's and stochastic control, ignore all math books recommended here desu
>>13635666Care to explain?
I got a Masters in Quantitative Econ after doing a bachelors in poli sci and Econ. I think I’m going to do a JD/MBA next. I made it in crypto already. Just enjoying the schooling tbqh. Paying for it all out of pocket is not an issue.
>>13633401>economics>Quant Finance General?????????
>>13635671K&S are writing the cutting edge and strongest version of all the theorems they cover ( at the time), I know this sounds good and hardcore and all that but it really makes self-study impossible since the writing is way too technical for someone starting out in this field. Trust me this stuff is technical enough as is. Second of all key theorems and ideas are delegated to exercises. Just try to read a chapter or 2 of K&S and see where it gets you. If you want to practically study this stuff oksendal is the standard
>>13635673Why MBA? Apart from being a random manager, what's the point? Always seemed like a poser business-bro degree to me
>>13634526Some parts accurate, some parts not. Typically institutions employ so called quant devs to move the quant analysts model into code. So the bits about C++ are, in my experience, just wrong. I could see it perhaps being true if it was a new, small, fund (or other institution) where you're expected to do many different things, but if this went on for any length of time, then he's only got himself to blame for being a little bitch and not putting his foot down. The HPC parts also only really apply to HFT firms, in general you won't be looking at high throughput or low latency systems.Now as for the requirements for being an analyst, they seem pretty accurate. You're expected to a masters or a PhD in a quantitative field (maths/physics/engineering).>7/10 believability>Maybe 9/10 if I'm right about his background at a smaller/newer institution.
>>13635682Yes. Quant finance is a very specific subject of economics. I hope all stemcels here realize this somedayFinancial markets and trading are based on>general economics concepts like demand/supply, equilibrium, money markets etc.>behavioral economics (psychology of trading and behaviour of investors)>econometrics (all types of regressions and time series analysis)Even if you look at parametric option pricing models, they are all derived from economic principles. Randomly applying some meme ML model on a bunch of data is not quant finance.
does pairs trading with kalman filters still work?
>>13636385Looks pretty easy to find and do anon, wouldn't bet on it
>>13633747Bashing clowns on trains
>>13634526extremely overblown by some brainlet coping about his reject email.but yes, good luck getting your resume past the recruiter if you went to a pleb school. my sympathieswhat's your slope, /qfg/?
>>13633537save yourself months of reading theory that 95% of you won't use and just get good at python, specifically pandas, numpy, scitkit, statsmodel, scrapy, tensorflow and/or pytorch. Find a bunch of data, be aware that ALL the low hanging fruit is pretty much taken, price data has been banged to death for 20+ years for example. That doesn't mean there aren't smaller niches that can be taken advantage of and new or under utilized data sets to exploit, opportunists exist that aren't worth the time of the big boys so your playing against other smaller guys like yourself. For example I know one guy who trades only a single niche financial product in a single industry who makes about $5k-$10k per month like clockwork, that's the max profit to be made from that opportunity without distorting the market because it's that small a pool.
>>13635737At this point I’ll be starting my own fund
>>13633626Brypto is not that regulated, so insider training is still viable strategy. Here is your tree, that'll be 5 btc
How do I get people to follow my alt Twitter :(
>>13638701Do you mean your average data scientist who knows how to use libraries can become a quant?I thought being a quant required some mathematical knowledge.
>>13635145Study CS.If you want to change your mind later then CS would help you.
>>13639303and math wouldn't? i don't want to do an undergrad in cs for one reason only - i've heard that it's far less mentally engaging than math
>>13635737You may not like to hear this but MBAs run this world even though it is a scam degree and everyone knows it.
>>13639307Math does not help as such.Ofc you could grind Leetcode on the side to get an SDE job but if you find that you do not like it then things can get difficult.As far as mental engagement goes,you can make CS as engaging as you want.Look into discrete maths and graphs.Maths is mostly only useful after a PhD.
>>13639323this is exactly why USA needs to be nuked
>>13639343The whole of corporate is on this scam.MBA managers go to MBA schools to hire more MBA grads like themselves and the scam continues.
>>13639287don't listen to the coping codemonkey
>>13635155Of course it is. Don't think for a second that there are no intelligent investors on Wall Street. The problem is that all active investors are intelligent, so they cancel each other out.
>>13638160Either good school or having contacts
>>13639352you sound like you're 19 or 20 lmfaomost people who get mbas get them when they get promoted to an executive role it's incredibly difficult to get a top tier managerial job with just an mba
>>13638160What does slope mean here?
>>13639307Personally, I would choose CS and Stats. If your Stats department is any good, they'll cover rigorous notation and proofs, and that'll will at least prepare you to learn areas in formal mathematics where you see fit.I came from a Math undergrad, and most of the classes aren't directly useful in modern Quant. Knowledge of Analysis and PDE's can be useful for option pricing, but that's about it.Again, aside from option pricing, most firms use statistical rather analytics models, so Stats would be wayyyyyyy more useful on the job.
>>13639591This is not true in general.Most MBA programs have work ex requirements of 3-5 years.Nobody ends up close to executive roles in 3 years.
>>13633544Because /sci/ don't know shit.
>>13639963And you do?
>>13639307Seconding this >>13639827 anon. Although I will add that certain schools have a statistics+computer science+data science undergrad which would be even better (usually they have some econ/finance electives to make it more quant). Usually goes by the name of "BSc in Statistics and Data Analysis" or stuff like that. It offers you plenty of flexibility in choosing a masters later, if you like statistics more or big data or some other part you can specialize in that. I would have picked this type of program if I was 18 again.
>>13639827Statistics and probability are math. It is a subset like numerical methods or number theory.
>>13633537I think you should add Advances In financial (buzzword) machine learning https://www.amazon.com/Advances-Financial-Machine-Learning-Marcos/dp/1119482089
>>13640726Also this https://web.stanford.edu/class/stats369/syllabus.html is useful for high dimensional statistics
>>13640726>>13640746Based suggestions, will do
>>13640726Also Machine Learning for Asset Managers from the same guys, lighter but nice read
>>13635145>but then I've seen this interview which suggests that CS degree is preferable. nah bs, you will understand stats and probability better if you study math. picking up a few programming languages is easy.Read "The Best Jobs of the 21st Century?Mathematicians and STEM Careers".Don't study what you want unless it's truly a need to get the job you want, for example Medicine. >What do you guys think? I've heard that undergrad degrees in CS suckThey'd be right. The correct CS degree will be short of being Math by a few courses, but most CS degrees are just Software Engineering. Mathematicians and Statisticians are more of a rare specimen, so if the employer is looking for diversity in a resume you have the odds of getting chosen.
>>13640067And i do your mom.
Anyone here got an implementation of (and can explain) Curren's method for pricing Asian ARO's?
Is it possible to have a good work/life balance as a Quant? I don't want to be a slave all my life.Plus do you guys think it is worth to get a PhD in finance mathematics for a quant?
>>13642485Buy side quants basically work 9-15. Maybe you should look into that.
Stop making these threads on the wrong board.
>>13642869These threads are good. You can fuck off.
>>13635850lmfaoanother econcel thinking he knows anything about finance
>>13642859More like 8-17, still acceptable if you ask me
>>13633626I don't think his strategy has anything to do with quant finance.
>>13642347Can't find any non-paywalled paper about it
>>13635145Don't fall for the Physics meme like I did.
Someone post some good resources for Black-Scholes and/or Brownian EquationFeeling like a brainlet rn lads
>>13634501Here you go anonhttps://mega.nz/file/qOJiWTKJ#7T_il1zS_yHTHfDHvEI9GzYBaG6j9K9CnwaS4tXz7lI
guys, im a student and i like testing things...have you ever tried using mixtures with markowitz portfolio selection? does it make sense? in other words, can i use the weights of the mixture of mg to "weight" portfolio quotas without ruining the minimization of the volatility? ex. i run optimization with the first set of gaussian parameters, then the second etc... and then use the weights of the mixture to weight portfolio quotas... im doing some tests anyway -
>>13643534didn't LTCM (ironic name) explode using those retarded equations?
>>13644893Everybody uses them though, with some modifications
>>13644901Take a look lmao.It's the same stuff as the drive in >>13633537
>>13633537i won a sweatshirt from Dimitri, he's a cool guy
>>13635145Know nothing about quant work but to me it seems you need a basic understanding of how programs functions low-level, as well as basic data structures/programming techniques, if your aim is to write decent hpc code. You definitely don't have to be a compsci major to achieve this, but a few courses would definitely help I reckon. Namely: object oriented programming, one or two courses on algorithms, basic computer systems (C to assembly), and operating systems.
>>13642869This is one of the few threads that aren't complete dogshit schizo/racebait/pseudoscience left on sci
>>13633544Those are three course which are fundamental to being a computer scientist. Engineers/physicists are already code monkeys fresh out of school. One month on each book is all it should take.
>>13639242if you can just get rich insider trading crypto, why bother learning all this math shit?
>>13647894Well firstly you need some starting capital to do that, but besides people like spending time doing stupid shit. See previous thread somebody suggest this quantsart that takes few years give you no credentials, and the stuff is no longer that popular.
>>13643534What exactly do you want to know? Like do you just want an intuitive derivation of BSM or are you trying to learn the associated Stochastic Calculus?>>13644893No BSM is used by the sell-side for pricing vanilla European options, Even though LTCM had some of the names behind BSM at the helm, it blew up when some of their leveraged positions collapsed after the Russian Financial Crisis.
>>13648750>What exactly do you want to know?I wanted to know what the probability of a movement in the next time interval given the past volatility of a stock price. But I realized how retarded the BSM is by assuming a constant distribution in options pricing which causes volatility smile. I'm currently reading stochastic calculus.
>>13633554>>13633618>>13647878Not who you replied to, but theory of computation is literally irrelevant to you.Take all the algorithm design courses and books you want, sure. But context-free grammar and the pumping lemma are purely CS, and mostly on the theory side. You're not gonna be making your own compilers as a quant. Learning assembly is pushing it too much already.Here's what you need to learn:>intro programming>object-oriented programming>discrete math>data structures>algorithmsAnything more and you're basically starting to do a CS degree.
>>13650835But what about the math?
>>13650885Idk what kind of math you need in finance.I'm just a CS grad/math grad student who randomly dropped by.Certainly not topology and number theory, though.
>>13650894Oh. Well math is important too according to what's been said in this thread
>>13650885OP has literal link about all the math in quant.
>>13651064I know what OP posted. I was just asking the other anon that question because I found it strange that he didn't mention any math
>>13651168For programming, I did mention discrete math. In particular:>solve recursions>basic combinatorics>logic (boolean algebra)>proof techniques (direct, induction, contradiction, contrapositive)>graphs>modular arithmeticAlso, for algorithmic analysis:>logarithms>limits>derivatives (in case you need l'Hopital)This is important for Big-O notation, which tells you how slow your algorithm is.
>>13650835Never agreed with people complaining about this shit.If you wanna learn CS this stuff gives you context and makes you a better coder overall.I've never met someone who is brilliant at what they do that takes only the required bullshit courses and calls it a day, indipendent digging and curiosity about how things work is a must.> but it's not what you normally use in your jobSo what? More knowledge is always better than less knowledge, we're supposed to be /sci/encemen for god's sake
>>13651570Dumping too much shit (necessary or otherwise) on people who know nothing about a field that isn't even their own will make them feel overwhelmed. It's gonna be daunting and discourage them from doing anything at all.If you want to *help*, don't throw a tall order like that at them. KISS.Let them start small, and once they're comfortable and WANT to know more on their own, then you can guide them. But ONLY then.>More knowledge is always better than less knowledge"More knowledge" means dedicating more of your time. It's not without cost. They're already going deep into mathematical finance. Don't try to make them waste time they may not have, just to study the entirety of a completely different field.
>>13633626why do people unironically follow these lolcows? take a lottery with 10000000 players and everyone has 20bucks... 50% doubles the endowment and the other half gets eliminated, then repeat until you get 4 guys or 1 guy. They'll be multimillionaires but still retards. it's just survivor bias, you can't consistently beat the market with a single strategy or some good intuitions. it's pure luck.
>>13651780Based fooled-by-randomness poster
>>13651653Fair point anon
>>13651780>>13651808I was like this after reading fooled by randomness. Then I got a job at a hedge fund and yes, you literally can just pull millions from a market consistently.
>>13651820you can if you are a fund in fact, because you have immense capital and resources (different people with different skillsets and specific strategies which you hedge one with another etc... etc..). and still many funds fail. even when some of them consistently "beat the market" the returns are just slightly higher than your usual ETF in the long run on average. no 50k bucks r/robinhood or whatever can become millionaire with some robust method which isnt just pure luck
>>13651820It's a mix. There definitely are ways to beat the market, but there is also a lot of bullshit around.As >>13651866 mentioned, if you're a fund or similar you can do it, but the VAST majority of these crypto traders are just examples of survivorship bias
>>13651866>>13651895((They)) don’t want you to make money so they perpetuate this myth you need millions and that the market is efficient. It’s easier than you think :^) or at least I was surprised.
>>13651895>There definitely are ways to beat the marketNo there aren't, you can't beat the market. It's all survivorship bias. The market ALWAYS wins.
>>13651909this post is bait
>>13651924Post job & portfolio
>>13651909Doing it reliably and on a big scale takes expertise that is very hard to acquire individually.Don't mistake your bull run gains for skill
>>13651924>muh precious market is efficient!Academics just go.
>>13651780crypto is cyclical. Just play 10% of your portfolio with random blind darts, and the rest hold the top 10 by market cap; in 10 years, you'll do just fine
>>13633626>soros profile picscammer confirmed
>>13651866> that picHow do I read Hull? I've tried starting it but it's so fucking big, I lose motivation after a few chapters
>>13655064just sit there and read a chapter every day, take notes and three hours of your time... you shouldnt mind the length of the whole book
>>13633385Anyone ever messed around with training a reinforcement learning agent to trade? or just machine learning in trading at all?
>>13652028not him but you really cant. The only outlier is berkshire hathaway, but that's also because they buy major positions in their companies so they can organize it however they want. I work in finance and it's pretty agreed upon that capital markets are momentum driven. We don't expect to make money in bear markets, but we do expect gains in bulls.
>>13638701>>13639287depends on the role, but yes quant research and data science are generally quite similar and you can move between them if good. In general QRs have much more business / product knowledge for their specific niche. I.e. think someone who has all the DS skills but knows futures and future related strategies inside out would be considered a QR. From my understanding, DS are hired by big funds primarily for alt data R&D because you only need a generalist skillset to forecast returns.>>13639398sorry to break it to you, but pricing quants barely exist anymore
>>13640726this book is retarded and del prado has never made any real money in his entire career>t. old PM worked with him for several years in same fund
>>13642859>Buy side quants basically work 9-15this is just not true lmao>>13643188>8-17yea more like this, probably 8-19 at start of career
Anyone read Spitznagel's latest book?
>>13658528Really? Which fund anon? Got any stories about him?Assuming you're not bullshitting, how do you get into a PM role? Lowly quant dev here
guys, i am trying to trade on forex with metatrader 4, what are your best method for forex ?so far the candles seem fucking random and i can't predict a trend, either on low timeframes or high timeframes. fuck it's so hard.
>>13658589Don't daytrade anon, it's a sucker's game unless you're an actual professional.Do long term stuff and get skills by working at a reputable fund if you wanna go this route.Or not, we're all degenerates here kek
>>13658576>how do you get into a PM role?bad wording on my part - my old PM (I've since left). I was a quant analyst on his desk and we talked about del prado a bit.>>13658576>Really? Which fund anon? Got any stories about him?obvs can't say fund cause I'm slagging the man off, but I know that del prado has recently been hired by ADIA to build a massive team from scratch in Dubai. Perhaps he will finally be profitable this time kek.
>>13658704All good anon, had never heard bad shit about him before
>>13650894I think some people are trying to use algebraic topology of a dataset to determine the required architecture of the NN. I think that accompanied with some insight of VC dimensions could end the "stack more layers" meme.
>>13656560The people at numer.ai regularly use machine learning to predict stocks(though, on obfucated data). They use supervised learning(mostly tree based models, neural networks), have never heard of anyone using RL. I think in order to use RL effectively you need a "simulator" of the reality and then optimize on that; simluating the market is not so easy i guess.
>>13660929I've tried using supervised learning models before, but didn't have much luck. I basically just got a very complicated moving average. I'm in the process of creating an environment for a RL model. we'll see how it goes I guess.
>>13661176Wouldn't you need a very big amount of data? Seems kinda pricey and in general we don't actually have that long of a history to go on
>>13662053You're probably right. I think the best solution is to use smaller intervals over large periods of time. I don't really think its possible to accurately simulate the market. If it is, then I'm nowhere near capable of doing it on my own.
>>13656560Not personally but my close friend does, it's hard to get it accurate. So far they've seen some success with predicting the price of a single stock, just slightly better than break even, still loses out to index funds.>>13660916That's actually really interesting, currently taking a course in topology, coincidentally.
>>13660916Sounds incredibly based, any details on how it could work?
I need help /sci/ how do I turn this shit aroundpicrel is cutoff, but I'm holding 100 shares of $HOOD too
>>13635685Seconded, and Steve was my advisor. Read Oksendal first to get the crux of the basic results. Then, if you need to pass a qual, read the generalizations in KS. I wasted a better part of a year trying to March through KS. If I had just read O first, I could have gotten through both in the same amount of time.
>>13658529And god help you if you’re on an f/x desk.
>>13665252What's the hours there? I imagine it being open 24h would lead to some bullshit wlb
Does anyone know anything about Radix Trading? Can't find much
>>13633385But does this shit actually work or are you all just convinced it works because someone somewhere got lucky enough to make it look like it works?
>>13633385is number 3 actually not bull shit? I have a math degree (but i'm no genius) and im wondering if i can actually do better than some index fund
>>13633385>should actually be able to make moneySo, gentlemen, how much money did you make from investments or some shit? Or by "make money" you mean working like a monkey for some company for a salary?
>>13668388That pic is bullshit kek
>>13668120It can work but it's way harder than retail algotraders make it out to be
>>13656560yes, i couldnt get it to work though. Spent over a year trying
What kind of quant frameworks are there for optimal position sizing?I'm working on a model that aims to categorize capital amounts into "degrees" that then will (hopefully) inform an investor how to take an appropriate position size to advance to the next degree, with the intent to escape "n-digit hell" as quickly as possible.
>>13670968Have you looked at the Kelly criterion?
>>13671320yea, i know about kelly. I don't like using it in my trading though because obviously knowing the winrate of a specific trade is basically impossible to determine and/or the fraction is too low to the point where it's not really worthwhile to take the trade (anecdote: there's a trade I can make that'll finally push me into being a millionaire. The stipulation is of course I have to make that same trade over 1,200 times and each trade takes a month or two lol).It's nice theoretically, but it ignores a lot of other trading factors. I'm in search of more practical theories that aren't "le arbitrary no moar than 2% in every trade"
>>13669502It seems interesting and could be fun, but nowhere have I seen anything to convince me it's not just applied magic voodoo to completely 100% random events. Just get the "bro trust me" YouTubers. Then there's the actual quants but they never actually mention anything about it either.
>>13670968>What kind of quant frameworks are there for optimal position sizing?almost always min(maximum leverage available, size whose execution cost/market impact == cost of capital + edge)basically: go all in, pussy
does anyone want access to my trading algo, it has a sharpe of 12 and 82% win rate