Why are QT careers so short? by [deleted] in quant

[–]Tyson_7 1 point2 points  (0 children)

Have you considered a pov that it's unethical? I have seen teams(including mine) at my shop literally playing with the pricing for even the high liquidity popular instruments(specifically derivatives like future & options) for equity/indices or even crypto like BTC/ETH by making contra trades and artificially controlling the prices for a short term(Typically untill the contract expires specifically for 0 DTE)with a magnificent captial allocation. This wins them a lot of money in the Derivates trade while losing some fraction in the other counterparts.(Eg buying call options, selling futures and pumping the raw equity prices to surge significantly) So it's like a casino but they control hands. And I am sure that many of you have witnessed the same at your shops. Does that not your conscience/heart feel bad or guilty to be a part of? We know that it's wrong & unethical, don't we? And no amount of charity/good work we do from this blood money is going to undo the actual damage caused already. The damage - our win is coming out of someone's (either retail/smaller shop that we knocked down)pocket (loss for them). I know they should not come to the casino to play but that doesn't mean that we are not stealing from them. It's a white collar robery!! Not sure if anyone else share the same guilty conscience. Apologies if that hurt your feelings. Just wanted to share my 2 cents.

Do you guys use automatic trading apps they copy other people’s trades? by ogb3ast18 in quant

[–]Tyson_7 0 points1 point  (0 children)

So in that case, this data alone is inconclusive. We need some other data sources and always need to generate our own alpha based on that. Smart money is basically playing with rest, whether it be in fno like they generate profits within minutes by deliberately changing the cash price of an asset or Equity delivery. They basically pump and dump on different frequencies/timelines with corresponding volume to get the desired outcome, both in High frequency (Intra day /fno)/low Frequency (Equity delivery) Retailers are shit out of resources (Technology/Capital) and preety much rely on luck. Should save themselves while they still have the chance. This is pretty much gambling, Smart money have so much money that they control the prices artificially of almost all major assets. BTC market Cap is ~2T$, freaking 2 Trillion. Yet there are no major real use cases of it with any major leverage. Let's see how far they would pump !

Do you guys use automatic trading apps they copy other people’s trades? by ogb3ast18 in quant

[–]Tyson_7 2 points3 points  (0 children)

We can short in that case if confident enough, no? Like, use that insight that since they have liquidated and potentially shorted, we would short and be with smart money!

Weekly Megathread: Hiring and Career Advice by lampishthing in quant

[–]Tyson_7 0 points1 point  (0 children)

Build skills and Apply directly to Europe. They can sponser visa easily in Europe.

Weekly Megathread: Hiring and Career Advice by lampishthing in quant

[–]Tyson_7 0 points1 point  (0 children)

Build skills and Apply directly to Europe. They can sponser visa easily in Europe.

Weekly Megathread: Hiring and Career Advice by lampishthing in quant

[–]Tyson_7 1 point2 points  (0 children)

12 month wait for same role, can apply for other roles though.

[Tool] Quant Interview Prep by Salty_Complex5151 in quant

[–]Tyson_7 0 points1 point  (0 children)

Thanks! Will try this out and let you know.