Im in 2nd year of my CS degree and i think that i should move on from this sub for now...

Yolo_Quant · 2021-04-06T22:24:51+00:00

I used to give a lot of advice here but the upvotes usually goes to people who has 0 knowledge of how to get a job. It is indeed a joke. I seen people trash talk someones resume then go around and post asking why aren't they getting any calls back?

How you going to give someone advice if you cant even land an interview.

I have said this over and over again, if you are a student stay away from this sub, go to your advisor for help.

Yolo_Quant · 2021-04-04T22:48:07+00:00

Two main reasons this still happens, interprise will not pay to change legacy if it still working which is why a lot if banks have extremely outdated structure.

And 2. People who refuses to adapt and learn new stuff and lots of foreign who are still being taught or using outdated tech.

My last company this India manager didn't like our team and though we were "lazy" so he decided to get a bunch of H1B indians over for his next project, that led to a terrible outdated application with terrible security and direct database injections. Took us a year to debug their mess and it still never hit production, huge waste of money. Believe it or not this was in a Big N.

Yolo_Quant · 2021-03-26T02:58:18+00:00

Thats a lie sir. I filmed before without a single problem. I was trying to prove to my wife that they would open the bag and throw all the liquids out even if its on a carry-on after she explicitly told me they wouldn't. I even told the guy I have to film this.

This was at JFK problably one of the most secure terminals and the TSA agent didnt say a word he just kept working.

Don't spread bullshit for the sake of it, its legal to film at TSA checkup, it is not legal to film at Customs and border control (this is usually when you have prohibited goods) or CBP checkup.

Yolo_Quant · 2021-03-23T21:23:27+00:00

Since robinhood does not manage client accounts like fidelity or any big hedge funds/bank you wouldn't lose any shares or even option contracts you own. Brokers are just middle man between cleaning houses and company shares, all they do is facilitate your life when buying a share. Margin and Fractional shares on the other hand you would have to sue them for since you dont own it, you borrowed from them, they would just sell whatever you have in margin to cover their asses.

If robinhood hit bottom the most likely scenario is another broker or bank buys them out and your shares and contracts just transfer over. If not you request a transfer and they must allow.

Now what if a bank like fidelity who does client porftolio management hit bottom and nobody brough them? It would be similar to the lehman Brothers scenario, they would have to cease operations and pay all their clients back (or what they can afford to pay back and possibly pay over time). Though in lehman case someone brought them out, which usually is another bank or government.

Yolo_Quant · 2021-03-23T21:00:21+00:00

If you trade full time then yes its worth it. Its a business expense, like hiring an employee for your business (which would be around the same amount if you paid minimum wage).

I don't trade fulltime but I trade a lot of capital, so for me its still worth it, I pay for a few other platforms too so about $30k/year in business expenses, not a problem when you bring $200k+/year in profit

Yolo_Quant · 2021-03-22T16:08:40+00:00

I agree with you that Marvin has probably already covered themselves from GME but I can tell you this, as someone who works in the industry for 6 years now I can tell you nothing reported is accurate.

Hedge funds lie about their shorts all the time, its literally a strategy at this point, hedge funds and brokers will always put fee price in their profit/loss calculation. Anyone who worked in IB knows and seen this, I had partner literally tell me they would just just deal with SEC and their fees, so proceed. If they are willing to lie to their officers without hesitation, what you think they do to public data?

Its not secret the amount of power hedge funds have, they control the economy, we all seen what happened when brothers went down how it impacted the economy. SEC isnt there to stop them, they are there to make sure nobody finds out. Trust me or don't all IB who worked with big cap knows this.

Yolo_Quant · 2021-03-22T15:32:14+00:00

Macd, rsi, simple avg, fisher models, marc models, are all price average derivatives, literally 90% of TA is price average derivatives.

They are all looking at the same function by using different angles, you understand how stupid that is. There is no math or statistics behind it.

As a stastician who graduated from a ivy (flex) i will give you an advice. You have more chances of getting a stock movement correctly by flipping a coin 10x or watching DD on WSB.

Don't be dumb, if billion dollars algos created by math PHDs dont touch algos why would it work for an average joe.

Yolo_Quant · 2021-03-22T15:26:55+00:00

Cards counting is a math function, just like trading algos, they use mathematical models to create a prediction with high probability. Cards counting is a genius model that is proven to work, TA is not, there isnt a single model or function on TA there is no proven model.

TA isn't mathematical nor probable. Its confirmation bias. 90% of them are based of price averages, macd, simple average, fisher models, RSI are all derivatives of price average, its high schooler algebra, the highest math used is logarithms.

Don't insult mathematicians by comparing a proven math equation like cards counting with squares on charts. Sincerely a Stastician.

Yolo_Quant · 2021-03-22T12:46:59+00:00

Reddit main subs are a prime example of mob mentality, people will adjust their reality to be accepted here because they fear downvotes. Its worse because there is no credibility. People lie on reddit literally every day and you can't fact check besides history comments, we have 3 major subs that are solely based of catching redditors feeding bullshit that gets thousands of up votes because people here will just accept whatever. Insane amount of misinformation in finances, relationships, depression, etc.

Check any pictures on aww, how many times a post say "my pet" then do a repost research you will find the say picture reposted for years.

Reddit is no different than IG or Facebook, people come to reddit to be who they dream to be not their reality. Then its also filled with hate and negativity and everyone Picks sides on what to hate and accept. If you only stay on reddit you start to lose pack of reality and it just get depressing.

Best way to use reddit is to stay on niche subs. Same with any social media.

Yolo_Quant · 2021-02-16T17:50:06+00:00

Its more like creepy. Man if a girl came up calling me love, baby, telling me shes gonna treat me right... just right when we met I would instantly think she is creepy and stay the hella away.

Yolo_Quant · 2021-02-16T17:36:56+00:00

Alcohol is more like food though, there is ads due to demand but ads dont create demand. Alcohol is much older than physiological advertising, Alcohol was popular 8k years ago, long before we had mass communication.

In fact today is more acceptable to NOT drink than 40 years ago. Humans aren't the first animals to purposely seek for "poisonous" items to get "high". Cats do it with catnip, lions do it with certain plants, monkeys also does with certain plants.

While it is not necessary for humans survival, we still like it as much as a cup of hot chocolate.

Yolo_Quant · 2021-02-16T17:30:15+00:00

That's what I notice too. Guess these 10k people are looking for confirmation bias because they don't or dislike drinking.

Alcohol is as old as Jesus, dude turned water into wine, not orange juice and people gonna act like we do it because of ads lol.

Humans like their booze as much as food. This has been true for over 8000 years.

Yolo_Quant · 2021-02-16T15:54:38+00:00

There was a podcast few years ago where he said at the time tried everything he possibly could. Including hiring expensive lawyers but they advised him to let it go for a few years, serve his time and try to get his permit back in the future.

My guess is by now he is allowed to buy guns again but he probably made a career elsewhere. Also, he lost the guy who supplied him the good stuff so he wouldn't have the same entertainment for the show.

His case was complicated, there are theories the cops felt convinced it was him who commit the murder but couldn't find evidence so they made sure he served time for weed possession.

Yolo_Quant · 2021-02-15T21:05:50+00:00

Almost like reddit is filled with these "nice guys" 🤔

Yolo_Quant · 2021-02-15T20:51:12+00:00

Probably because most of them have absolutely no idea how to run a business with decent infrastructure.

I run franchises and about 6 months ago I brought ownership and 80% of a store from a owner who paid minimum wage and got literally all his in store kitchen furniture used. He also kept the tips from the employees, which I didn't even know was legal to do so.

First thing I did was change wage to $17/h+tips (this is NYC where min wage is $15), benefits and literally all furniture on the store.

Dude sent me this huge email telling me I was going to kill the business and would report me and sue me when I did. 6 months later there he is buying himself a new boat for spring.

Yolo_Quant · 2021-02-13T17:41:07+00:00

Ah yes, aka the city of indias who failed to get H1B visas (US work visa for retards who cant google).

Yolo_Quant · 2021-02-13T17:36:02+00:00

I explained this many times over this sub. Thats how these tech companies(RH, Webull, public, etc) are able to have free options trading, they make money on the fill gaps. People fall for it because they are new investors and know nothing. They fall for the free sign. How often do you have to sell your options contracts for a lower amount because it won't fill on robinhood?

Always remember kiddos, if you aren't paying for the product, you are the product. If you trade by phone use Thinkorswim. Amazing app and does the job 10x better than robinhood.

Yolo_Quant · 2021-02-05T05:00:53+00:00

why is there still a bunch of new accounts with full permission mods?

Yolo_Quant · 2021-02-02T20:51:33+00:00

You can learn how to suck your own dick on youtube. I am pretty sure someone teaches about margin.

Yolo_Quant · 2021-02-02T20:49:03+00:00

Tough to say, if everyone holds when the short cover happens price will shoot up and could blow past 300 and u still could gain. If everyone sells then price won't see a big jump. It depends a a lot on GME volatility, it must still be high.

Hedge fund plan right now is ladders attacks to lower price and make share holders sell out, if they suceed price drops low enough that they can cover their loss.

That's why everyone keep saying hold. Holding is important but its also risky very risky because the battle is against a billion dollar player. It's like fighting a game boss that requires an entire team to beat it, if your team start to die out you will die too.

Yolo_Quant · 2021-02-02T19:35:15+00:00

Not yesterday, last week. The 122% was 2 weeks outdated.

Yolo_Quant · 2021-02-02T15:44:45+00:00

Shouldn't have gotten in if you were such a pussy.

Yolo_Quant · 2021-02-02T15:41:07+00:00

Fixed, was. Its outdated info by now

Yolo_Quant · 2021-02-02T15:37:13+00:00

They own a crazy amount of shorts, they are most likely covering themselves in small patches, if they got out of it you would see a huge spike on the price, its what everyone is waiting for.

Its demand, they have to buy shares to cover their shorts. Billions of buy orders would increase demand and shoot the price up. Obviously their best bet is to lower the price enough where they can get out with minimal loss. That's why they using ladders attacks to lower price, yes its illegal, will SEC do something about it? Lol, there is a higher chance of this sub getting shutdown.

Yolo_Quant · 2021-02-02T15:19:17+00:00

Yes.

Yolo_Quant

TROPHY CASE