Tag Archives: truth

Truth about foreigners in US CompSci PHD

Truth about foreigners in US CompSci PHD

A couple of false fallacies put to bed

http://m.cacm.acm.org/magazines/2015/8/189841-understanding-the-us-domestic-computer-science-phd-pipeline/fulltext

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Truth on big data for Java C DotNet programming

Truth on big data for Java C DotNet programming

This was just sent in:

Hey, Just wanted to share with you the latest MonkShouts Blog Post. Let me know what you think.

If you ever worked in Java/.Net/PHP/C++ and want to work in big data companies, then read this post to find the truth.

Compared to other technologies, Big data analytics is very new but it is not that much new. Big data always existed there in the industry, but due to the lack of technologies to analyze the data, there were not too much jobs available in the market. And these days it has become a sort of cult in IT to adopt big data resources in every company.There are companies which heavily use Big data such as Facebook, Yahoo, even Microsoft (using Hadoop),Amazon, E-bay, American Express, LinkedIn,Intuit and many web based internet companies and they might offer you profiles of data scientist, big data analyst. Other Indian companies might also have projects and related jobs but those are rarely published in Job portals and internal references might help you. 

http://www.monkshouts.org/want-to-work-in-big-data-companies-then-read-this-post-to-find-the-truth/#.VQMdSY7F98E

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Truth about shoddy trading educators and certificatoion to nowhere. Discussion about your career path vs indie trading

Truth about shoddy trading educators and certificatoion to nowhere. Discussion about your career path vs indie trading

Here is another crucial Facebook Messenger conversation I had with someone from overseas. They seem to be misguided by what they read. Most educators are shoddy no different than used car salesmen selling you overpriced trading strategies that will ‘change your life.’ They are selling a dream but only sizzle with no steak. Don’t fall for that crap. This is one other conversation I have to educate on how REALLY it is in terms of learning this automated trading/quant wanabee/ HFT nonsense. They are pretty well either con-artists or theives with a short term vision of collecting money with no long term value in what they do. Some even have the audacity to promise jobs in hedge funds that offer 2% annual rate of return. Honestly, theyse companies no longer exist and the jobs no longer exist. Deal with it, the competition is fierce for these jobs and it gets worst each year!

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what you think about CQF ?

I’m looking for a certificate in quant finance / financial engineering

cqf is pricey

what is your level of schooling

?

B.Sc. electrical engineering

a cfa would go farther than anything uot there

CFA is not related to QUANT trading

well, are you looking for a job or be self employed?

looking for a job in quant trading

i have come to this

 

http://www.risklatte.com/cfeonline.php

 

do u have any idea about it ?

Risk Latte – Online Training Section

www.risklatte.com

i don;t think these sort of programs are useful for you

they might not be recognized by industry

same with cqf

you do need a phd or CFA to get anywhere career wise

aha

nothing else

if you are self employed, that is different story

ok , so you think that even CQF will not help me ?

it can help in learning but it is way to pricey in my mind

ok , what about the other option

http://www.risklatte.com/cfeonline.php

Risk Latte – Online Training Section

www.risklatte.com

it is only 450 $ ?

it is up to you, i know nothing of them

if you want to learn quantopian is decent

but that is more of a starting point

so ?

so what? i don’t understand

quant latte?

yes

there a now a million of these places that teach

there is a very good metric you can use to see how their visitors are doing

how is that please ?

watch this video i did

This message failed to send. Click to send again.

look for sites that use quantcast

This message failed to send. Click to send again.

w do

This message failed to send. Click to send again.

we do

This message failed to send. Click to send again.

you out there

look for sites that allow quantcast measurement, if not run

over 35% of our visitors earn over $100k a we are the only ones who canmake that claim

sir : i will buy yours courses for sure

just a learning a tool

i’m just looking for some QUANT courses

for verification

i see

ok , do u think that CQF will help me to get a job ?

if they are bs or not

not sure

on the cqf guarantee for jobs, there are fewer of them

cause your courses are only for TRADING , not for QUANT in general

oh no we got algo courses and how to use matlab for quant trading

my elite also contains all my notes on khan academy math learning

what about other subjects in QUANT ?

databases? languages? charting?

you name it we got it

i am now moving into futures and options learning

also we do demos from industry every week

http://www.meetup.com/R-Matlab-Users/

Quant Finance

Toronto, ON
1,455 Members

Quant Finance group talking hedge fund, investment, quant analytics, and quant tech development. This includes MatLab, C++, C#/.NET, Java, Excel, VBA, Python, R, etc. I would …

Check out this Meetup Group →

every week there is something live being put out

sir : i’m asking you becuase i’m looking for the best degree / certificate online that will help me to get into quant jobs ?

you name it we got, a true end to end on stop shop for what you are looking for

i would offer certificates to but no one would care about it outside of a phd or cfa

anything else is pooed pooed upon no matter the these cruddy vendors tell you

ahaaa

so only phd / cfa will matter

i think so

i see

check the career sites

you better contribute online to, build brand

that is only way now

the competition is fierce

don’t get sucked into the hype

your choice is to be an indie trader doing all thisquant/hft/automated algo stuff

you know ernie chan?

yes

he started me on this path

he is a friend of mine

he even thanked me in his latest book for some tech choices, you really need to decide if you want to follow his path or get a career in a bank/hedge fund

as said, careers are very very fierce also, i would not be interested in 90 hour work weeks for $15/hr

that will be your reality

most only survive about 2 years in those sweat shops

ok , you said ( your choice is to be an indie trader doing all this quant/hft/automated algo stuff ) : yes it is my dream , how shall i learn that ?

well my site can help, we got a community of a lot of people and it is growing fast

some of my folks do really well

they key is to participate in the weekly meetups

i will be doing ‘trading clubs’ etc

the more they get to know you, they more you engage, the better you will do just for pure learning alone

the weekly meetups are key

you need to constantly show to have people get to know you

some people have gotten decent payng gigs b/c of the networking

this facebook group is proving to be another good source now as well

right

in summary, you need to put yourself out there

contribute as well

OK

i am here to help people but i don’t do homework for them

go get them tiger

I see

in summary , you think that CQF will not help me much for getting a job ? only CFA will help ?

from my opinion no, i know a few people who did it but are now indie traders with no career goals in a bank

that seems to be the trend

the reason why quantopian and quantstart are growing is b/c old cavemen traders are realizing automated trading is the only way they can stay in the game

python is now proving to be ok but when you want to get serious, you better be a damn good software engineer

i cann’t get your point

it all comes down to you, everyone wants to find the magic bullet

more screens or being a phd make them a better trader

look at all the brokers that got exposed by that recent SNB forex fiasco

2 went bankrupt and 1 got a lifeline

not because of their education that kept them in business

what ?

read my stuff, we are constantly about this but you shall get my point

ok : which programming language you advise me to learn ?

to be a quant trader ?

start with c#

it is easy

or python ?

sure but i struggle with python

most banks only use it for middlewhere

some analysis

java c++ in linux is what you need tfor the big buck jobs

what about matlab / R ?

definitely matlab

r is ok but ernie uses r as well as paul cottrell

sorry ernie primarily uses matlab

so you go figure?

huh : how u compare matlab to java ot c++ or c# ?

you don’t

matlab is where you generate your trading and then drop into a trading platform developed in c++ or java

that is what we will be doing soon

this is the best path for my future as compared to others that i looked at including r and python

R

 

 

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Are the Lobbyists and Corporate Interest destroying Europe? Video on The Truth About The European Union.

Are the Lobbyists and Corporate Interest destroying Europe? Video on  The Truth About The European Union.
From Paul Cottrell so thank to him for sending

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Truth of this language battle of DotNet FSharp vs R vs Matlab vs Python…in conclusion: as long as your strategy works

From a newsletter subscriber which is pretty well true:
I’m saying that the “type provider” framework for F# is more of a Toy type thing, can only be used from scripts. They are useful, but more like eye candy. The R type provider works well, but the question is more like why bother? Why not just use straight up R? There is a good library for R that allows it to interact with .NET DLL’s called rClr.

Matlab works VERY well with .NET out of the box.

The only thing that I use python for is deep learning algorithms and that i…. Strategy doesn’t’ really care what language its written in as long as it works!

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I list and clear up the truth on misconceptions on the world of high frequency trading aka HFT

I list and clear up the truth on misconceptions on the world of high frequency trading aka HFT

I feel like Edward Snowden right now as I got info that confirms my theory on high frequency trading.

 

Let’s clear up on some misconceptions:

1. This broker only supports Linux with C++ and Java API documentation. They seem to have taken the complex route if you want to work with this broker who is only dedicated to HFT trading shops with the ultra lowest latency requirements. This is probably why you see so many jobs with C++ and Java in Linux. This development stack is not meant for slackers or newbies, don’t use as you will get BADLY burnt to lose your entire account in short order. It is a recipe for disaster!

2. For the colo, there seem to be various data center options you never heard of. The one you know is the tiny one. I could only imagine the hosting costs.

3. The broker provides all the third party connections into other exchanges. BTW, they own the pipes to that so no third party libraries on theirs. Sorry but those are most likely the rules. The connections may be pro bono no different than you find on something like Interactive Brokers.

4. The requirements for funding is massive. As you are negotiating, your terms for usage with this broker can vary. From my understanding, you are expected to be trading in the daily volumes of 250,000 to a 1,000,000 orders PER DAY. That is not a typo (That seems to be the truest definition of what high frequency trading is) That translates to $4000 per day in commission fees win or lose. They may not even talk to you  if you have less than a $1M in capital. I would suggest more like $5M or even $10M. Boy, I got a long road ahead.

What to do?

1. Stick with something like I got going on. Stick with easy to understand programming languages like C#/.NET or Matlab. I would not even think about using some wonky open source project written by some dude at a university or in a garage. Yes. I am talk to you lover of R or Python. Unless you wrote 100% of all your code with no dependencies, you are asking for a boat load of trouble if you have a little unknown things called a memory leak. Watch those trading positions go off the rails if something goes wrong. Oops. Sorry. Don’t make it complicated yet for HFT but that could come down the line once your strategy/models are in robust profitable state.

2.  Get your trading environment running for a long time to show constant profit and software stability.

3. Ensure you have a HUGE capital account with a certain amount you are willing to risk.

All in all, this is how you separate all those wimpy talkative unprofitable little boys from the true profitable men. Seriously, those little boys know crap so don’t listen to them. As said, this is how you do it. Period. No questions asked. Are you the gambling type? Because that is what you are going to do and need to stay profitable in this crazy jungle called high frequency trading.

Now of course, this could change with upcoming regulation that we don’t know about.

Remember I try to have your back

Bryan

 

UPDATE: You may be able to get Lime to return calls with a minimum capital account of $250k.

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Youtube series on ex Goldman Sachs London England Million Dollar Trader Tells Truth about Trading — simply AMAZING!

Youtube series on ex Goldman Sachs London England Million Dollar Trader Tells Truth about Trading — simply AMAZING!

This is easily on of the most truth video series interviews I have ever seen. It talks about being an indie trader, HFT, and so much more. There are 5 parts to this so you look for it on Youtube.

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From Qaunt Premium Member, the truth of open source vs money sucking proprietary software like Tradestation or Multicharts

From Qaunt Premium Member, the truth of open source vs money sucking proprietary software like Tradestation or Multicharts

 

This is a series of queries for:

Big announcement as I move back to Matlab for my quant model and trading strategies instead of R for my custom HFT 

 

 

Queries are below followed by –>

 

Bryan:

Once you have the C++ translations for analysis modules, can you use Scilab and/or Octave? Can Scilab generate translated modules? I believe particularly Scilab has a lot of recent effort put into it so it can integrate Matlab code and toolkits.
—> The end system is all done in C++ where the Matlab M script code is converted thanks to the  Matlab Coder toolbox. I will drop that C++ into my HFT platform.
The rest of this email, is just FYI,  some background to inform you about my particular personal interests and experience.

I am not at all sure if there is any good way to integrate with R though, even though I am aware that many traders’ analysts are rallying around R, whether the traders wear both analysis and trader hats at the same time, or are working as teams dividing the specialities among partners. I am still in Stone Age struggling with TradeStation for historical data and Multicharts for “dot net integration” to be able to use the legacy Easylanguage file writing of compressed data sitting around in various traders’ old backup TradeStation caches becoming no longer readable with new TS versions or Windows operating systems. But new traders can save tens of thousands of dollars sharing those old caches between others who just happened to save them. Many of these historical tick data can be found in forums on the internet already.

–> Tradestation is propietary which I am not a fan of. I like to work with things that are not so black box. R is fine but it does not quite live up to tick by tick analysis in real time. You can easily generate your own tick files thanks to IQFeed.net. http://www.youtube.com/watch?v=Ry7igGVN1uQ&feature=plcp

So why spends of thousands of dollars?
Isn’t it suspicious that the proprietary trading platform developers and sellers do not willingly encourage or even allow even simple ASCIII file READING of the same files they are easily capable of writing???

 

–> See that Youtube video above to have your mind blown.

The database work you are doing is fascinating, but the trader I am working with recently in New York by Teamview still has faith in the stored up caches of TradeStation tick data sitting around which I think will soon be almost impossible to gather, maintain, and read if it is not translated and recorded in a less proprietary format. I still am trying to find more time to study your data base proposals soon.

–> There is no proprietary technology to the above video. It is live tick by tick or  a any frequency historical data you can generate on your free will thanks to IQFeed

But I still have to spend time babysitting TradeStation, Multicharts, and Interactive Brokers accounts while I try to learn the more flexible escape routes from proprietary platforms without losing use of proprietary software I accumulated over many years.

 

–> Wow! Unfortunately you are getting left behind my friend. Programming will be a critical in the ‘next generation of trading’. Most of what I do is based on FREE open source technology but the only thing holding you back is learning the languages.

In terms of what kinds of data analysis I am interested in, it is mostly signal processing, as my background is electrical engineering, and I have for many years studied filtering, neural networks, audio technology which involves a lot of filtering.

 

–> Most strategies I am working on generate those signals but this video will change your views on how to trade in the next generation of software

Pretty cool huh?
I particularly like the java coded constraint-based filter design work in differential evolution by Rainer Storn, ( I own source code license)  the Singular Spectrum Analysis work by N. Golyandina et al. of Gistat Group,  the Biocomp software by Carl Cook, and the neural network tools by the late Steve Ward for all of which I have long ago paid up licenses. Most of these  are trading-oriented filtering and mapping tools useful for time series decomposition , compression,  and reconstruction.  Some I have seen no substitute yet in open source, others are just becoming available in R, Octave and Scilab. Of course, Matlab has been way aheadfor a long time, but I was hoping to escape the large matlab fees which I now am too “small” to afford…..

–> Sure I hear you on the costs of Matlab but fortunately for my Premium Membership will make these C++ generated strategies available for my members. People in the future will be paying thousands for these. Once I get past the development of my HFT platform, it will open this world very quickly. Remember I can use R but the previous video will show the bottlenecks with R which meant I had to resort back to Matlab for the Coder toolbox.

 

These tools will be quite useful for pre-processing historical data into a form useful for saving a lot of time now wasted in re-processing history redundantly in the proprietary platforms.  Better ( IMO, personally) to have available a “library” available for instant look-ups to determine what state a market is most probably in so  intelligent choice of current trading strategy does not have to always be repeated from scratch analytics. State change time and price-action intervals with useful repetitive persistence attributes are visible using these tools ( in retrospect) down to the minute, or even single tick in history for quick easy reference. This will be valuable time, equipment, and screen real estate saver when trying to pin down and classify causal evidence of state changes later. Many of these are quite simple in nature, thus useful for simple strategies, such as “what are  typical retrace ranges of this instrument ? , and how longare they likely to persist, and why, because what intrinsic and extrinsic events are probably the state change correlated causes?”  Being able to quickly relate quantifiable events outside of price data observation alone, especially scheduled events, to quantifiable persistent price activity behavior and its periodic change events is one valuable and essential approach in the toolbox. Isn’t that why traders call people quantifying, classifying, and identifying market state changes related to “events”……. “quants”?
–> Many people can use whatever type of analysis but the pro toolboxes from Matlab enable me to bang out stuff pretty quickly or at least test it within Matlab

 

Best Regards,
MR X (member  trying to find more time to follow your work, and escape from proprietary software platforms)

P.S.
Thanks for your invitation on Linked In! Am looking forward to correspondence more in future, and your opinions about my own points of view.

 

–> No worries as things will get more exciting after the HFT platform proves itself. Thanks for being a Member, it is guys like you that enable me to continue what I do.

 

So JOIN NOW so you don’t get left behind.

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