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55997312 No.55997312 [Reply] [Original]

I am a quant working at a top firm.
PhD in Applied Mathematics from an Ivy League School.
AMA

>> No.55997323

>>55997312
i read that book too and i am indian

>> No.55997326

>>55997323
>i read that book
But did you understand it?
>i am indian
My condolences.

>> No.55997348
File: 2.15 MB, 3024x4032, book.jpg [View same] [iqdb] [saucenao] [google]
55997348

Nice.

>> No.55997351

>>55997312
hows your debt doin

>> No.55997373

What's your opinion on crypto as an investment at this point? Is there any hope left?

>> No.55997385

>>55997312
I'm interested in reading your calls. Spit it out.

>> No.55997391

>>55997351
Zero debt, significant assets. I got a full ride scholarship.
>>55997373
My BTC entry was $300 and exit was $50k. Haven't touched any other crypto, and probably won't. There are big changes coming very soon.
>>55997385
Do you have a specific question?

>> No.55997400

>>55997391
What kind of changes?

>> No.55997403

>>55997391
must be nice whitebread. You ever eat baked beans outta a makeshift tinfoil bowl cause you couldnt afford running water to wash the dishes?

>> No.55997407

>>55997391
>There are big changes coming very soon.

Please expound!

>> No.55997408

>>55997391
how do I make money

>> No.55997412

>>55997391
Market calls. Any market. Your short or long term vision.

>> No.55997416

What the fuck is a volatility surface and why should I care about it

>> No.55997417

>>55997312
I envy you. Got my BSc in Math and got kicked out of my PhD because I became an alcoholic. My dream was to be a quant. I think about suicide everyday for blowing it. Nothing else worth doing in life except mathematics.

>> No.55997420
File: 710 KB, 868x1228, emacs_sicp.png [View same] [iqdb] [saucenao] [google]
55997420

>>55997312
saw the pic and thought I was on /g/ for a sec

>> No.55997425

>>55997403
I live very frugally. Honestly, I don't even know why I still work. I could've retired 5 years ago.
>>55997408
Kneepads.
>>55997412
Don't go to the market tomorrow.
>>55997417
>alcoholic
I'm a raging ketamine addict. It hasn't slowed me down one bit. Maybe try getting back on the horse?
>>55997420
This place was spawned from /g/

>> No.55997436

>>55997391
larp
shill something already

>> No.55997438

>>55997425
speaking of k i was offered ket therapy at $350 a month you think thats worth or nah

>> No.55997440

>>55997312
Is it worth getting an applied math/stats degree? Will I be able to get a quant gig? Do I even need the job or should I just stick with my retail account?
t. Former accountant with a $1M portfolio

>> No.55997441

>>55997425
Burned all my bridges unfortunately, no one will write me rec letters. And any grad school will see my Fs from my grad school transcript. Trying to become an accountant now.

>> No.55997454

>>55997441
ill write you one anon

>> No.55997457

>>55997440
Depends. You’ll need a PhD for quant jobs, but you can get trader jobs with just a BSc. Both SBF and Caroline only had BScs to get their jobs at Jane Street. In the US you can get decent jobs with just your BSc. Not OP.

>> No.55997458

>>55997440
P.s. my daytrafing strategy is to buy 0 to 2 DTE options with an 80 delta when the market is trading above all the usual SMAs, and I also look at other retail indicators like RSI and Bollinger bands and VWAP. What else should I be doing?

>> No.55997467

>>55997425
Why? Surprise on NFP and unemployment numbers? Or because you know some other secret information?

>> No.55997473

>>55997457
>Both SBF and Caroline only had BScs to get their jobs at Jane Street
Kek I can't believe you actually believe that's all it took. Who were their parents again? Pretty dense are ye' for a PhD eh? I have a master's in accounting and have been instantly rejected from the two trading positions I applied for. And since I already have a little portfolio of my own I have been reluctant to pay out of pocket for more schooling when it seems pretty obvious those jobs are reserved for (them)

>> No.55997497

>>55997326
i think so, i a programmer in canada now, sir

>> No.55997501

>>55997312
Do you use LISP specifically did you buy the book for some other reason?

>> No.55997517
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55997517

>>55997438
If you can afford it, yeah, do it. What dosage, and how often? Ket is incredibly cheap.
>>55997440
I recommend something more practical. Quant jobs are pretty scarce and I think a lot of them are going away soon. We've had layoffs on my team.
>>55997467
No comment.
>>55997501
LISP is fun but we mainly use C++ with some Python glue.

>> No.55997544

>>55997517
>Quant jobs are pretty scarce and I think a lot of them are going away soon
Yea because it's not rocket science to sell OTM puts to bobo

>> No.55997572

>>55997312
what's the git command to reapply your changes on top of the remote branch while keeping merge commits intact?

>> No.55997600

>>55997312
Why didn't your parents love you

>> No.55997611

>>55997517
I have an interview coming up with a very old HFT guy at a fund he started. The first two interviews with the team went well and I was expecting an offer but then they told me they want me to interview the man himself next week. I’m scared as shit. It’s a quantitative developer position. What should I brush up on? The last two interviews I just talked about my work history

>> No.55997641

I have an old friend who recently started an internship at a big shot market making firm and I tried to get some insider scoops out of him over dinner and a couple bottles of wine the other night, and he basically told me it was an open secret in the industry how certain crypto teams just bribe firms like his to 'boost up' the price and such, so yeah it confirmed what I always suspected about price manipulation and hush hush 'pay 4 play' backroom deals. He revealed to me some minor anecdotes but that included some pretty big names that even I was kinda surprised by, like even some of the largest projects who you'd think would behave more subtly because of regulatory scrutiny half-openly engage in this type of practice through various backdoors and loopholes, like subsidiaries 'foundations' and the likes. But the weirdest thing was when I asked him about this one specific team that you may be overly familiar with here and he acted super weird and tensed up all of a sudden and then tried to cut the dinner short, telling me he had to head on home soon, etc. I really tried to get him to relax, and he just told me like 'yeah no, this project is not kosher, it's on the blacklist, because of... diverging interests' basically, and he wouldn't say more but his behavior alone said the whole story. I was very shocked to hear that but when I started thinking about it afterwards it started making a whole lot of sense. What a fucked up industry!

>> No.55997663

>>55997641
Can you give more details on how this process works? Like basically VCs just pay this marketing firm to hype coins? Do they just turn around and pay influencers and run ad campaigns?

>> No.55997667

>>55997312
In you opinion, is programming a branch of logic, or math? how much math goes on at a hedge fund... vs engineering ML?

>> No.55997710

>>55997667
If you were to study math, you would learn logic during a course on set theory. Set theory is then used to build theory of mathematical functions, relations, and mappings. Using this, you would build up to analysis, and also linear algebra, and maybe topology if you went far enough. Programming language theory doesn’t fit neatly into any of the math I’ve learned, but I don’t want to speak out of my depth.

>> No.55997719
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55997719

>>55997312
I am a retard electrical engineer who switched to python developer. Is there any hope to stumble upon a working trading strategy for a bot that I wrote myself?
The bot is a combination bollinger and vwap and I am trying to see if it's even worth spending time on it. The bot is exceptionally bad with 97% of trades losing money.
I just want to know if I am too optimistic about my chances of making anything remotely profitable

>> No.55997732

>>55997719
I don’t know about high frequency trades like you’re probably referring to, but Ive backtested a few algorithmic trading strategies that significantly outperformed buy and hold over most time frames. In particular, I think buying and selling based off the bitcoin 20wma is pretty good. You might know this already though.

>> No.55997735

>>55997312
What do you say to Kim Yung Un who says math is fake and gay?

>> No.55997736

>>55997312
ill post my net worth if you post yours

>> No.55997748

>>55997719
>electrical engineer who switched to python developer
>97% loser
This is why degrees and job titles mean nothing

>> No.55997755

>>55997732
I am testing my strategies on forex exchanges, it's just hard to find the right window that provides enough volatility to not get eaten up by fess and, at the same time, to allow my bot make enough trades to get feedback on the strategy.

I am still a complete noob, but I am trying to learn

>> No.55997770

>>55997755
I am also a Python developer and engineer. would love to see your code and talk about this stuff with you. My email is professorstevebrule@tfwno.gf if you’re down.

>> No.55997787

>>55997770
I got the basic code for the bot from a udemy course by hagmann and now I am trying to learn more about the actual markets.

I prefer not to contact people directly on this site

>> No.55997794

>>55997312
I worked as a fintech quant as well. Worked with DB, UBS, Barclays and JPM and some other but unknown prop shops to build their risk and derivatives software.

Am now retired multi-millionaire. Miss my job and client interactions/visits but dont miss the office politics and having more time.

>> No.55997826

>>55997794
I’m interviewing for a role at a small prop shop for a quantitative developer role. The first two interviews went well but were just going over my background. I’m going to be interviewed by the owner of the fund next week, kind of unexpectedly, and am pretty nervous. Are there any obvious (to you) things you can recommend I read up on I may not know about, as an outsider? I’m a python dev and somewhat competent in C,C++. It’s not an HFT fund though, they trade options.

>> No.55997844

Why should I give a single shit about what you do?

t. anonymous tourist to this board

>> No.55997858

so you must have 8 figures, right? otherwise just another fraud.

>> No.55997985

>>55997312
I think they specifically stated in that book that printing it out is a waste of trees

>> No.55998000

>>55997572
I only commit to master. Force push, always.
>>55997600
Psychological trauma, probably.
>>55997611
Someone that old probably wants to see if you can give a firm handshake or whatever. I have no idea. Just be yourself? He might grill you on obscure optimization shit or just want to see if you're an asshole or not. Be confident!
>>55997667
Everything is math.
>>55997719
No, will not succeed. But it will teach you useful skills! Just don't get tempted to run that bot in production, because you will be ruined. Many such cases!
>Python
We have to worry about nanosecond latency, and that's with a very short optical path to the exchange.
>>55997736
>>55997858
Who gives a shit? It's just money.

>> No.55998057

>>55998000
>Who gives a shit?

>I am a quant working at a top firm.
>PhD in Applied Mathematics from an Ivy League School.
>AMA

>Who gives a shit?

>> No.55998082

>>55998057
I have more than enough and I don't peacock. You sound poor.

>> No.55998122

>>55998000
Do you have any resources you could recommend that could be useful for review within the span of a week?

>> No.55998153

>>55998122
Make sure you know the basics, and review the advanced topics. You don't want to spill the spaghetti and lose the job over something simple.
https://www.quantstart.com/articles/Self-Study-Plan-for-Becoming-a-Quantitative-Analyst/

>> No.55998179
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55998179

>>55997641

>> No.55998192

>>55998000
Checked and thanks for letting me know that it won't be a money making machine. I will still finish the bot because it is fun so far with setting everything up and learning about finance

>> No.55998203

>>55998082
>You sound poor.
yet i'm not, while you sound like you're desperately trying to sound smart while having nothing to show for yourself.

>> No.55998222
File: 792 KB, 720x900, 1680730464258621.png [View same] [iqdb] [saucenao] [google]
55998222

>>55997407
He means youre fucked and the banks will own everything, including your organs.

>> No.55998307

>>55997312
is that an ibm model 2 keyboard?

>> No.55998316

>>55997312
>doesn’t post anything to indicate his PhD-level intellect, just rambles on about how he is a le genius
Faggot.

>> No.55998326

>>55997826
1) Python is for script kiddies. Learn proper programming with Java or C++.
2) Learn about Black-Scholes. In particular, learn at least 3 mathemical ways how to completely derive the Black-Scholes formula as closed-form solution
3) If you have time, learn some SDE formulas and how to apply them (Itos Lemma, Girsanov, Novikov condition, Feynmac-Kac etc)
4) Learn and be able to describe 2 different SDE models for equities and 2 for interest rates, and be able to explain their differences.

>> No.55998371

>>55998326
Thank you based anon

>> No.55998383
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55998383

>>55997312
Thoughts?

>> No.55998518

>>55998326
>3 mathemical ways
can i use sociological ways instead?

>> No.55998548

>>55998383
chainlink does all of that for every chain.

>> No.55998805
File: 2.69 MB, 4640x3472, IMG_20230901_122954536.jpg [View same] [iqdb] [saucenao] [google]
55998805

>>55997312
I'm a humanities major now working in boomertech since my degree is useless. AMA
(But seriously I love this book, I'm going through it on long weekends, imagine how pleasant it is to wake up on a Friday and see it on biz.)

>> No.56000730

>>55997425
>>55997438
how is your bladder holding up ket fags? colon? you guys shiddin and pissin yer pants yet? you will.

>> No.56000748

>>56000730
>JaiL id

but on topic, I too own this book, and read a bit of it, but mostly TELL people I read it, and that's already enough. Got me two jobs so far. Too easy to fool those lisp boomers.

>> No.56000751

>>55997312
how do quant strategies work at a high level? is it just like... statistically identifying patterns similar to what technical analysis claims to do?

i have a bachelors in math from a really shitty school so you can pretend im retarded but not extremely retarded.

>> No.56000846

>>55997719
why not just code it to do the opposite and have it win 97% of the time?

>> No.56000853

>>55998153
I am in the job market. How do I become a quant?
>7+ YOE
>4+ years C++ experience
>Currently at a FAANG
>Big into math and algorithmic optimization

>> No.56000862

>>55998805
Overrated. The author is an old fuck who clearly has dementia. Many passages are incomprensible, many of the problems can't be solved after reading the chapter.

>> No.56001288

>>55998000
And the musician would say, everything is music. Botanist, botany. Thanks for the reply to my post, though. The last point you said, programming doesn't tie into the math that you focused on.

>> No.56001740

>>56000862
he was 37 when he wrote it, is that... ok?

>> No.56002731

>>56000853
>Big into math
What kind of math?
>Currently at a FAANG
Odds are you have never actually written any complex code. We get lots of CRUD webshitters trying to apply, and the bossman just laughs.

>> No.56002957

>>55997312
Any thoughts on algo trading in crypto? This market still ought to be somewhat immature with many low-hanging fruits even for ambitious hobbyist coders, no?

>> No.56003162

>>56002957
Professional quants have been operating in the crypto space for many years, especially BTC.

>> No.56003177

>>55997312
Of all the books you could take a picture of why the freshmen CS book?
All of us have read it. I even have a hardcopy.

>> No.56003202

>>56000862
Compared to most CS textbooks it's fucking amazing. Also there is absolutely nothing like chapter 1 for walking people who have never even opened a text file through their first programming experiences. The only thing it's missing is instructions to open eg biwa scheme in your browser.

>> No.56003274

>>56003162
Probably not enough though, even arbitrage worked for a very long time when volumes were too large to handle for the comparatively few professional actors

>> No.56003292

>>55997312
Pee pee or poo poo

>> No.56003302

How did you get into a PhD program in the Ivies?

>> No.56003414
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56003414

>>56003292
Both.

>> No.56003575

>>55998000
>Who gives a shit?
>>55998082
>I don't peacock.
>>55997312
>working at a top firm.
>from an Ivy League School.
haha LOL!

>> No.56003585

>>55997641
best bait post itt
>>55997312
what's the best indicator to predict the bitcoin top of a cycle?

>> No.56003639

>>55997312
Pretend you're cracking that book open for the first time. Gimme a rundown of your study process, knowing with hindsight that it will be successful.

>> No.56003658

Any chance your firm would hire me? I have a masters in math and I'm looking for a job.

>> No.56003676

>>55997312
Is that a good book or does everyone just like the cover? Technical shit isn't daunting to me, if it's good I'll give it a read.

>> No.56003692

>>55997312
larp

>> No.56003712

>>55997312
What's your endgame?

>> No.56003747

>>56003676
It's an old-school breakdown of writing programs, eschewing all the modern memes and simply explaining how to think about about applying logic to a computer's capabilities to make it do something useful. So, yes, it's good.

Or so I've been told.

>> No.56004132

>>55997710
Logic branches from philosophy. It's not a child of math...

>> No.56004230

>>56003747
Thanks anon

>> No.56004403

>>56004230
NP. Should also mention it supposed to help with analyzing existing programs.

>> No.56005621

im gay and hold chainlink

>> No.56005871

>>55997497
>canada
that means you did not understand it.

>> No.56005962

>>55997312

How many publications are required, minimum?

What are newer or emerging trends in methods used?

Three most important skills or abilities?

Thanks, anon!

>> No.56006072

>>56003712
A glorious death.
I will use my accumulated funds to go out with a bang.

>> No.56006114
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56006114

>>56000846
This guy's gonna make it

>> No.56006213

>>55997312

This keyboard looks 20 years old

>> No.56006228

>>56003676

It's a crappy outdated book. Nobody actually reads it just like nobody read Principia Mathematica

>> No.56006244

>>56003676

People who show off their copy of this book are pretentious faggots, just like if someone shows you their copy of principia mathematica, you know he is a pretentious faggot