Tag Archives: Recent

Recent Hedge Fund Trader Documentary

New Hedge Fund Trader Documentary

I have been watching various documentaries on vehicles. One of the most popular is how people want to be hedge fund manager wannabees. For those that don’t know, the hedge fund industry has been under siege with its worst performance meanwhile being the highest fee structure on the planet. It seems most pension funds are putting their money into ETFs which are fairly cheap with decent performance.

Check out this slick documentary here

So what are you to do if your perceptions of hedge funds ate wrong? For modern traders, everyone is piling into automation via cloud solutions which I’ve talked about numerous times. Others are taking control to learn about automated trading on their own. This means they have the ability to control their own infrastructure which means they’re not dependent on any third parties. For those that choose this path, it is the ultimate control of their final destiny. Why do you think I created this website called quantlabs.net?

Over the years, I’ve noticed many people struggle getting over the finish line to fully understand the complexities of trading platforms. In late 2015, I decided to give Python a real try of accomplishing this task versus other complicated programming languages. If you follow me since that time, you fully understand the approach that I’ve taken with my Algorithm Trading Course Series that I launched in the spring. Do you remember that this includes a course on a basic algorithm trading building block infrastructure with your first strategy based on equity pair trading/arbitrage. That strategy was removed in July since it was so valuable for those that took the course.

Well here we are on the verge of the second strategy focusing on both futures and options. This 23 week course focuses on the fundamentals to properly analyze the markets. As usual, I provide all the source code you need for both Python while adding some C++ for more advanced software developers. This is most likely the only resource where you get all this info.

So the question is: What are you waiting for? I find over the years that trading options proves to be helpful  as this course will show you many unique ways of looking at market risk. Also, when you factor in the ability to scale, you will literally multiply your views close to infinity if you like. The only things that will stop you are:

  1. Time
  2. Innovation
  3. Computer hardware budget

So once again you have absolute full control of this destiny as we move into a market environment of uncertainty which could negatively impact our lifestyle today.

Start learning now as all this course material is made available today.

Here are your pricing options if interested:

MONTHLY: $97/MONTH: Click here

 

SEMI-ANNUAL + 3  MONTHS ($300 savings): Click here

 

Grab 3 free months worth $300 with a semi-annual membership today.

 

ANNUAL + 12  MONTHS ($1,200 savings): Click here

 

This is a great chance to get 12 free months right now. Take an annual membership and save up to $1,200.

 

If you have any questions or comments about any of this, just email me and I’ll get back to you ASAP.

Thanks for reading
Bryan

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

What to do recent PHD grads to get a decent quant front desk job in a bank? Here are my recommendations

What to do recent PHD grads to get a decent quant front desk job in a bank? Here are my recommendations

I just did my local Meetup last nite. A large percent were PHDs and about one third were looking for work. You would think there is little opportunity for these folks in terms of banking. It seems it could be very competitive for entry level jobs or non interesting work. It seems the only positions filling up are Risk Management or Model Vetting. Many seem not interested to be on these teams. I don’t blame them but they definitely want to be in Research or Front Office activity. I am sure these teams hiring have pick of the litter looking for people with CFAs and grads of Ivey League level schools. I am sure grades will matter too. So does this mean PHDs don’t have opportunity?

Other s comment about how the banks hire only subpar grads who cannot deliver what is expected. I really cannot comment on this one due to the fact I am not in these environments. I choose not to be as these 500 page laundry lists of key skill sets are impossible to find. Or they want you perform brain surgery on last minute notice to perform a 650% return within a 5 minute notice. It seems the expectations from hiring managers might be what we call: slightly too high.

Anyhooo…what does a PHD do? Get your entrepreneurial hat and start learning. After my recent trip to London, it seems many banks are following the Google lead of looking for ‘quant’s that are literally brands within themselves. I am definitely not one of them but have some recommendations on what to do:

  1. Learn as many popular math algorithm techniques taught in academia. Understood and live and breathe these. I am starting this process in my Membership for  Premium Members
  2. Do development and get good. For analytics/prototyping, use R and/or Matlab. No questions on that.  Matlab is used more in industry. Also, stick with the popular languages like C++, Java, or C#. If you had to pick one, no doubt C++ is what is going to get you the highest paying and keep you in demand. Also, it is  a tough language to master but it is definitely a guaranteed career path for you in the banking field with a PHD. Do ignore the usual flaming wars that go on in the programming field. As said, if you need to focus on one, C++ is the definitely the way. To get an edge, know Java too.
  3. The Windows and Linux is always important. If you want edge, learn Linux/Unix shell scripting. It will allow you to become first choice in the pack of applications. Things like PERL come to mind here especially on the technology infrastructure side.  NOSQL and databases help but I would definitely not put that as a priority to already a long list of stuff.
  4. Excel is definitely worth knowing. It helps to know VBA but it is considered you can learn on the job but it may help
  5. What about those extra credential s like CQF, CHRP, etc? Uh…probably just cash grab for the organizers. Serious hiring managers don’t really put a lot of attention on those so why rack up extra debt for marginal return? If you want to go into management, do CFA no questions asked.
  6. So now you know? Get noticed to build your brand. Do it through Blogging or organizing events or do presentations. Those sorts of things look real nice on your resume.

 

Remember these tips are for beginners who are struggling to get a career. Remember, you are up against highly experienced developers, traders, analysts, etc who are most likely applying for the same job you are. Banks and hiring managers owe you nothing unfortunately but in this crappy job market, these are the sort of things you need to do. It sucks I know, but you got to do what you got to do.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Here is my most recent and best reading list for learning or enhancing HFT trading knowledge for quant development

Here is my most recent and best reading list for learning or enhancing HFT trading knowledge for quant development

Just read and I personally rave about:

http://www.amazon.com/Algorithmic-Trading-DMA-introduction-strategies/dp/0956399207/ref=sr_1_1?s=books&ie=UTF8&qid=1327329939&sr=1-1

Brand new to do but looks very advanced on the math side:

http://www.lulu.com/product/hardcover/advances-in-high-frequency-strategies/18823205#

Still to re-read:

http://www.amazon.com/High-Frequency-Trading-Practical-Algorithmic-Strategies/dp/0470563761

Ernest Chan

http://www.amazon.com/Quantitative-Trading-Build-Algorithmic-Business/dp/0470284889/ref=ntt_at_ep_dpt_1

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

The High Frequency Trading Algorithms That You Can Use to Profit from Recent Market Volatility

The High Frequency Trading Algorithms That You Can Use to Profit from Recent Market Volatility

High-Frequency Algorithm Classifications is one of most important sessions featured at High-Frequency Trading Experts Workshop, “Practical Implementation of High-Frequency Trading Strategies”, informative high-frequency trading 2-day workshop organized by Golden Networking and now available on DVD at http://www.HFTExpertsWorkshop.com.

The High Frequency Trading Algorithms That You Can Use to Profit From

(OPENPRESS) November 6, 2011 — High-Frequency Algorithm Classifications is one of most important sessions featured at High-Frequency Trading Experts Workshop, “Practical Implementation of High-Frequency Trading Strategies”,…

 

I am interested in learn more about Hight Frecuency Trading Algorithms, any advise?

 

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!