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I doubt it. It would require too much compute. It isnt all about better models. What you are suggesting is only reasonable if the costs have gone down to such a degree that almost all jobs have been taken over by AI anyway. If that happened, we're screwed in most ways, not just in finance.

Study calculus, linear algebra, stochastic calculus, optons pricing theory, basic business and economics, statistics and programming. Typically good to have a masters in something maths heavy so you understand how to do rigorous research properly. Build some projects. Figure out a decent strategy and trade it with a small account for a year. The most important part there isnt making an impressive amount of money, but that you show that you can manage risk well and understand how trading the markets work. Then apply for positions.

As long as there are test centres in your home country, you should be able to take the exam(s) there. That's what I'm doing. You can look for them on websites where you apply for the exams. Good luck with your exams and application!

@@sovvsuhand what if there isn’t any test centres in my country? I need to go to another country to take the test? Will I need to pay all of that trip myself?

@@chaz7960 yea youre probably gonna hav to go to another country... i dont think theyll pay for your trip for most tests but im not rly sure... u should probably check the website of the test to see of they hav bursaries or stuff like that

Jane Street ne India ka...thpda khaao todaa fenko kar diya!!😅😅

And you need to be Asian of course

Yes - you’re required to submit a financial guarantee

Only if there's no seller at 500 to fill your irder quantity.

The market price depends on where buyers and sellers end up meeting. If the ask price is 500 and the available volume at that price is enough to fill your order, and you are okay with that price, buy at that price. You need to remember that there isnt one price. You have the last realized price (the last order where a buyer and a seller both agreed), but you also have bid and ask prices in the order book. If you want to buy immediately, you buy at the best ask price. If you want to sell immediately, you sell at the best bid price. If you dont want to buy or sell immediately, you enter your order at whatever price you are willing to accept and then wait to see if someone else agrees to your price. That's how markets work.

Fomo and emotion

if you could search online, you could see it from CMU website or ask people in CMU they have access to directory.

Progress?

gives us an update!!

@@coswic9128 he won gold

Not to discourage you but if you trade option as a private you are gonna lose time in long run. I'm a quant student, currently working for my master, and i can tell you that you can buy them for hedgeing (sorry I always find counter intuitive how to write this word basing on its pronunciation) a long or short. If you are willing to trade options consider that market maker actually always have an hedge thanks to advanced pricing model based on black-scholes. In other word the spread they apply is based only on the implied volatility which they can estimate (someone better than other for sure) but, in general, the prices are not fair so you are gonna get less as you would expect by "guessing" the right side of the trade and lose more by choosing the wrong side than what you would have if the option was priced fairly. Don't trade option unless you can "guess" more than what you get wrong and with a percentage of time that should he higher than the spread applyed by market maker. Hope I was clear enough ahahahahah

@@andreamenconi4337speaking as someone with e MFE and a PhD in financial engineering, a few years experience in Quant job a this is not true at all. This is a very graduate answer, wait a few years before you provide answers. The market and industry has evolved a lot since these primitive ideas that are in textbooks!

I have felt this burn a lot of times with the way option prices work , but what i observed is if you set stoplosses based on futures chart then with a decent edge or strategy it should work technicallly.Analysing the vix can also be helpful for gauging the momentum. Still i would say its very difficult , people who have control over their emotions are the most likely people to succeed.​@@andreamenconi4337

Jane Street actually offered one of the highest package of literally $ 1 million dollar/yr to a fresher in New York location!

@@alpha87786 wow..

if your iq is 140+

@@raphaelrehman bro. I saw tik tok guys make that no high school..you do not need a 4.0 math GPA ivy league and masters wiz kid smarty .

@@raphaelrehman books and college is for nerds

It’s intensive maths work. It’s not powerpoint grunt work. It’s exhausting and requires lots of brainwork. If the companies made them work much more, they’d make mistakes which are extremely costly for the companies.

nah. Providing liquidity in the market is reducing the bid-ask spread & they implement mathematical formulas to increase efficiency which benefits the buyers & sellers. If market makers were trying to screw investors, investors would just go through different market makers

​@@eughyuckthat's a convenient myth that has been fed to you to believe the markets are random and fair in the opportunity they offer, when in reality it's the complete opposite.

@@divinasi0n i sure hope not cos otherwise im paying a lot of money for my finance degree to teach me conspiracies. I agree there is insider trading, there’s definite data supporting that - so an unequal opportunity in that sense. But these are the market makers, the ones facilitating trade. I don’t think that’s applicable here.

Market makers make money from spreads and revenue sharing/stipends paid by exchanges. In a way, widening spreads to make more money or manage risk due to volatility is indeed screwing over traders, who in turn want tightest spreads possible. Of course it’s usually an equilibrium from both sides because if market makers are too greedy, no one would hit their outlandish quotes. I’d say you’re both right.

Nah it feels that way but when you step back you realize they're trading around the mean price and selling premium for outside moves.

because he study in top20 uni. and >3.8 gpa probably

Thanks!!! Yeah it was actually ~3h of behaviorals... I got a small "coding" problem in one of them but it was much more talking than coding.