On My Way: A Day in the Life of a Quantitative Trader
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- Опубликовано: 5 сен 2024
- Ever wondered what trading on the stock market is really like? Watch this video to learn more about the tools, methods, and skills a quant trader deploys to understand and take on the stock market!
Explore information about careers and discover resources at On My Way!: go.gov.sg/omw-...
#OnMyWay #QuantitativeTrader #QuantTrader
Besides being mathematically/statistically inclined, the No 1 and most important skill: **Resilience**. In order to be a successful trader you need to let go of the emotional luggage that both large losses, and even extraordinary gains, can naturally generate. Mindfulness practices (meditation) might help you build that 'resilience muscle' and be invaluable if you want to be a successful trader. You can't focus on your current trading strategy if you still have 'lingering emotional thoughts' about your last trade.
in a real quant trading firm, he is more like an operational trader role. In real quant trading firm, quant trader spends time researching into mathematical model and execution algorithm, backtesting them rather than spend most of the time doing the actual trading.
that would be a quantitative researcher
Titles don't matter. It's more of the job scope.
For instance, you trust the Black-Scholes-Merton pricing model and leave the trade executions to automation. Then you focus on refining the BSM model while the trades execute automatically.
Its a hard journey. Math degree certainly helped me. Followed by msc financial mathematics. Those were foundation for me and then rest was self learning. You have to stay consistant and put work in every day. I worked for a investment management firm but was not directly in trading and used to trade my own account every day for 2 years barely breaking evening. At that point I found my niche area - oil market and natural gas, slowly building my own portfolio up from about $8,000 to just over $60,000 in 8 months. From there have managed to build it profitable most months over last 3 years and currently at just under $3. 5 million. Plan is to go full time and leave my job when am at $5 million with goal of getting to $20 to 30 million or so to retire
Wow. Thats really impressive.. what advice you would give me as I am going to university this month for my undergraduate in CS. I have taken calculus and ecom with it and planning to to take finance as minor. my goal is to become a quant trader at a good firm.
any chance we can connect? I'm a software dev and we've built an execution engine for DEX trades (crypto).
Hey! I work as a data analyst in Engie (natural gas and electric). I want to become a quant. Please help me
are you on linkedin? would love to talk more about your journey. I strive to be on the quantitative side of finance as well.
@@ttvwyatt3310at top firms and hedge funds they usually want people with masters in financial mathematics or financial engineering.
As a quant, i dont care about R or Phyton, only focus on math, excel is everything for our models, automation is different part of this game.
Do you write algorithms or Manual quant trading.
I am a college student and want to break in i would Appreciate some mentorship
@@takshbamboli8129 yup, i do manually., If u want to start some quant, learn the fundamental about supervised learning, unsupervised learning, and reinforcement.
But u need to have quite understanding about statistic and math. Its everything. Just do math. Don't do trade strategy. Let the logic drive you.
isnt coding the most important thing ? you spelt python wrong so you are not a quant. scammer alert
@@irshviralvideo you r scammer. Iam not. Did u ever heard about browmian, or calculus stochastic, fractals, operation research, or numerical? Think before u talk. I dont do visual code studio, different area.
@@gsp_ram dunno what all that is but python is most important. all the top people know python and you can make a lot of money from that
How does this trading stuff work? I'm really interested but I just don't know how it go about it. I heard people really make it huge trading..
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by Stacey Macken a widely known crypto consultant :
What impresses me most about Stacey Macken is how well she explains basic concept of winning before actually letting you use her trade signals. This goes a long way to ensure winning trades.
Her technical analysis is excellent and hid interpretation/projections of the market is so accurate I sometimes ask myself if she is human haha. Point is, Stacey is the perfect trader to follow for advise and daily signals.
Getting advice from financial advisors, like Stacey Macken , can be a smart move to reshape your portfolio. She has the expertise to help you make informed decisions.
Sincerely speaking. I will continue to trade and stick to Stacey Macken daily signals and guides as long as it works well for me.
FYI to all, this guy makes about 1.2-1.3 USD a year. The average quant trader makes about 1-3M USD a year with top guys making over 20M USD by the time they hit 30. Just FYI to all.
The key to trading is the element of time which many people don't have any idea, keep you risked fixed no trade that offer less then 1:2 r. 😅
I HAVE INCURRED SO MUCH LOSSES TO TRADE ON MY OWN,I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED.
You are absolutely right
I keep loosing in real trade but win in Demo.
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
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The launch of a Bitcoin ETF, in my opinion, marked a turning point for the financial markets. I wouldn't normally buy and retain assets, but after spending over $300,000 eight months ago, it pleases me that this is still happening. Now that a bull run is almost here, I have no doubts that I will get back all I lost.
Cryptocurrency is booming, particularly giants such as BTC and ETH. However, the market's rollercoaster nature is putting even the most seasoned investors to the test. This is why we should look for proper market analysis or seek guidance from certified market strategists.
The only issue you could possibly be experiencing, similar to everyone else, is FOMO. The right approach is crucial; my portfolio has increased 100% from the year's beginning and is appropriate for every stage of the market. We may not reach our seven-figure ballpark goal with my CFP until Q3 of this year.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Natalie Noel Burns is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@@LagerthaJacksonThanks for the lead
Congrats sounds like a very good job
Today I found out I was a quant trader. Neat
Awseome vid
Keep up the good work
Where can we start, I always wanted to learn Quant trading, not looking for a quick Cash to make but for a serious skill to be learned and years of practice
Learn maths and programming that’s all you neeed
Great content, thank you!
There is only one Quant hedge fund that does really well and it runs with the IBM system that is back in the 90s, long before having up to date programming languages. Other than that a lot of So called Quants can't even make it in the long run.
what is this fund?
Ren tech
what about derivatives and leverage? this would be the only cause of stress
what is the highest return quantization platform available now??
Great editsss and quite informative
Between target school and degree major, which one is more valued by employers for a quant role in Singapore? Does BSc in Data Science at LSE have a chance to break into this industry? What degree majors would you recommend to someone with interest in Quant/IB but without Further Maths in A level? Thx.
Math degree from any good Russell group university. Does not matter if target or semi target. Bonus get a MSc in financial mathematics from Imperial, LSE, Edinburgh, Warwick
What software is he using to do Trade, ADL, Backtest activities?
nvm... He is using Algo Design Lab
That was a trading technology terminal and ADL. Brajgopal is way ahead of you guys.
Should I become a quant if I don’t like math ? What is the benefits of it ?
What is the smartest degree to have to break into, Economics?
math
Do quant traders use fundamental analysis and tools like Bloomberg terminal like hedge funds, institutions and banks do? Or is quant trading a different trading strategy altogether? Seems very different from the conventional trading using economics rather than statistics from what I understand
From what I’ve gathered most trading firms using quantitative methods look for various market conditions or patterns that typically result in a profitable trade. These are called alpha. Since a lot of the firms are market makers, they end up profiting so long as the market changes. It’s hard to justify the use of fundamental analysis when most trading happens in ticks of nanoseconds using algorithms made to identify and trade quickly
Fundamental signal is noise bro 😊
How to get job as a trader at company like u do???
seems like he is using TT algo right mate ?
I enjoyed this video.
he does quantitative research of shiba inu and his puppies
Which trading firm he mentioned
Bro that game isn't on play Store
great video
Quant traders analyze using excel? lol.
Many professional traders still use excel and also attract they're trading through Spreadsheets
@@teebone2157 professional non quant traders probably yes. Professional quant traders no.
I mean he’s not working at a tier one/two trading firm, so the infra is probably lacking.
@@jironghuang4895depends about the age. Old Quants still using excel
@@jironghuang4895 yea I think the video title is misleading quant traders use mathematical models to trade not the god damn orderbook.
does anyone know what the gender split is like?
bro, why the computer screen is full of Excel and VBA codes when Python or C++ are preferred? I am confused
he is not really a really hard core quant trader. Real quant trading is all automated.
@@jamesgohigh26where can i find detailed roadmap or study plan for quant?
I went to art school because I suck in math. I guess I'm sh#t out of luck.
"What stock you buy?"
"Tbh I also dk bro" LMAO
I want to join!
was this the largest bucket shop willing to talk to you guys lol
truth
Hi bro, I have job opportunity as derivatives analyst. First 6 month training about different option selling strategy with live market practice. Salary in 1st year is low after 2nd year salary hike will on my performance of 1st year. I have exp as trader of 2.5 years( swing strading and option buying ( scalping )) I have knowledge about option selling as well and my main goal is to become independent trader.. but currently I am bleeding. I am thinking as 2 years of learning I think I should join this post and after 2 years i should follow my goal to become independent trader ?? Please give me advice.
I would say that 2.5y is still being a puppy trader - journal, backtest, trade, learn, grow, gotta do the boring stuff and have the resilience to do the boring stuff
@@petrzurek5713 hello bro....I have a question for you....can I succeed as a traditional trader or do I have to be a HFT or a quant trader to be successful at trading..?
Neeeeeek big l
I know a quantitive Trader that gets up just to stare at his screens every day while listening to music and playing xbox lol lucky b****** $20000 in A-day easy
Can you share his academic background if you know?
Facts ^
@@samidemirci4984probably math or cs lol
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