* The market constantly changes its reward structure (i.e. what approaches it rewards)
* It can be relied upon that the variance exhibited in the future on
One of the many paradoxes of trading in markets is that - for a given period of time - strategies that are ‘right’ in the broader time context can be absolutely catastrophic in other times. Indeed, careers of one or two currently lauded by FinTwit and the wider financial media
* The market constantly changes its reward structure (i.e. what approaches it rewards)
* It can be relied upon that the variance exhibited in the future on
With these two points in mind, it is no wonder that the overwhelming majority of the ‘turtles’ do not make it to the sea from their hatching places. (To take from the great
The ‘turtles’ I refer to are new entrants to markets with outrageously good technical qualifications.
I believe that as a member of rare club of quant traders who have traded in three consecutive decades I have earned the
This is why 99/100 advertised ‘Quant Trader’ roles - to the extent that
People are not prepared, and therefore do not design, systems that can deal with the two points I noted earlier re: changing rewards and variance.
This is why the failure rate is so high and why said rate is
I genuinely believe, and am observing day to day - that the quant community’s last Hail Mary is tying themselves to ML - some will find something , 99% won’t.
I do not know how
It’s a little easier in some ways dealing with the complexity of shorter term speculation because I trade through different cycles every day.......
Every market this coming week will do some combination
More from Trading
1/ Feels like a good time to tell the story of how I went from broke to a millionaire to broke again in 2017/18 again...
Yesterday was brutal for some people...
Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.
2/ The original thread is gone but you can read it here.
https://t.co/cLLNs75rB0
tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it
2 weeks from losing my house + no income. Oops.
3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.
If you are really in it for the tech, go and build something.
4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information
And if you are trading with leverage you might blow up your account with the volatility.
5/ If you are not trading, you are investing. Okay, so what are you investing in?
I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
Yesterday was brutal for some people...
Losing life-changing money sucks, losing any money sucks...you can chase the market or you can change your strategy.
2/ The original thread is gone but you can read it here.
https://t.co/cLLNs75rB0
tl;dr
- Traded $32k to $1.2m
- Thought I was a genius
- Made poor investments
- Didn't conserve capital
- Peaked at 150 BTC
- Lost nearly all of it
2 weeks from losing my house + no income. Oops.
3/ I am going to assume you are in it for the money rather than the tech. Yeah, you might Tweet about the amazing blockchaining of cross-border payments and oracles yadda yadda...really, you are in it to make money.
If you are really in it for the tech, go and build something.
4/ Okay, so if you want to make money, trading is super hard, you are trading against:
- Better traders than you
- People who can move markets
- Unknown information
And if you are trading with leverage you might blow up your account with the volatility.
5/ If you are not trading, you are investing. Okay, so what are you investing in?
I made the decision that the crypto with the best opportunity of existing in 10 years is #Bitcoin:
- Solves a genuine problem
- The right tech
- A proven track record
A thread on getting intraday (any timeframe) data to excel without any coding. Limited to only last 60 days. Fetches from zerodha chart.
👇
1. Open the chart on zerodha web in chrome. Right click and select 'Inspect'. Click 'Network' as shown in this pic.
2. Right click on the last entry on the table you see and click 'copy as cURL (bash)'
3. Go to website https://t.co/f8rhwoGLUc and paste on the left box and click 'Run'
4. The output below candles written on right of box is the ohlc, volume and oi data. Copy and paste to excel.
👇
1. Open the chart on zerodha web in chrome. Right click and select 'Inspect'. Click 'Network' as shown in this pic.
2. Right click on the last entry on the table you see and click 'copy as cURL (bash)'
3. Go to website https://t.co/f8rhwoGLUc and paste on the left box and click 'Run'
4. The output below candles written on right of box is the ohlc, volume and oi data. Copy and paste to excel.
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And here they are...
THE WINNERS OF THE 24 HOUR STARTUP CHALLENGE
Remember, this money is just fun. If you launched a product (or even attempted a launch) - you did something worth MUCH more than $1,000.
#24hrstartup
The winners 👇
#10
Lattes For Change - Skip a latte and save a life.
https://t.co/M75RAirZzs
@frantzfries built a platform where you can see how skipping your morning latte could do for the world.
A great product for a great cause.
Congrats Chris on winning $250!
#9
Instaland - Create amazing landing pages for your followers.
https://t.co/5KkveJTAsy
A team project! @bpmct and @BaileyPumfleet built a tool for social media influencers to create simple "swipe up" landing pages for followers.
Really impressive for 24 hours. Congrats!
#8
SayHenlo - Chat without distractions
https://t.co/og0B7gmkW6
Built by @DaltonEdwards, it's a platform for combatting conversation overload. This product was also coded exclusively from an iPad 😲
Dalton is a beast. I'm so excited he placed in the top 10.
#7
CoderStory - Learn to code from developers across the globe!
https://t.co/86Ay6nF4AY
Built by @jesswallaceuk, the project is focused on highlighting the experience of developers and people learning to code.
I wish this existed when I learned to code! Congrats on $250!!
THE WINNERS OF THE 24 HOUR STARTUP CHALLENGE
Remember, this money is just fun. If you launched a product (or even attempted a launch) - you did something worth MUCH more than $1,000.
#24hrstartup
The winners 👇
#10
Lattes For Change - Skip a latte and save a life.
https://t.co/M75RAirZzs
@frantzfries built a platform where you can see how skipping your morning latte could do for the world.
A great product for a great cause.
Congrats Chris on winning $250!
#9
Instaland - Create amazing landing pages for your followers.
https://t.co/5KkveJTAsy
A team project! @bpmct and @BaileyPumfleet built a tool for social media influencers to create simple "swipe up" landing pages for followers.
Really impressive for 24 hours. Congrats!
#8
SayHenlo - Chat without distractions
https://t.co/og0B7gmkW6
Built by @DaltonEdwards, it's a platform for combatting conversation overload. This product was also coded exclusively from an iPad 😲
Dalton is a beast. I'm so excited he placed in the top 10.
#7
CoderStory - Learn to code from developers across the globe!
https://t.co/86Ay6nF4AY
Built by @jesswallaceuk, the project is focused on highlighting the experience of developers and people learning to code.
I wish this existed when I learned to code! Congrats on $250!!
