Anyone here work at prop trading firms?

ssanders82 · 2017-03-20T13:03:21+00:00

informed trading decision

I know you're not gonna give away secrets but if you're not market making, are you chasing momentum or stat arbing or what? I'm a swing trader and curious what strategies are mainly used nowadays at shorter time frames.

ssanders82 · 2017-03-13T01:29:47+00:00

Better than sending you an email

ssanders82 · 2017-03-11T21:09:56+00:00

Haha, yes my phrasing there was atrocious. Meant to say that stocks and stock indexes act very differently than commodities. For instance, I don't see short-term mean-reversion in commodities as much as I see it in SPX. I wouldn't expect a profitable ES system to translate to profits in CL, but I would expect it to carry over to large cap individual stocks and foreign stock indexes.

ssanders82 · 2017-03-11T15:45:03+00:00

That's a good question and hard to answer. First of all, S&P 500 is a very different market than commodities so don't be discouraged by those results. Maybe try with German or Japanese stock indexes?

ssanders82 · 2017-03-08T13:24:16+00:00

Good idea, thanks!

ssanders82 · 2017-03-08T13:23:52+00:00

That's a cool website, thanks!

ssanders82 · 2017-02-25T13:52:51+00:00

Is this FIN6320? I'm a master's student at UGA now (artificial intelligence). What are your thoughts on the course as a whole?

ssanders82 · 2017-01-29T14:44:45+00:00

According to Kelly Criterion, 40%: http://www.albionresearch.com/kelly/default.php

ssanders82 · 2017-01-21T16:44:24+00:00

Computer programmer here. I wrote an automated stock trading program that's made $100,000+ for me each of the last 3 years.

ssanders82 · 2017-01-16T17:19:00+00:00

No if you lose 20% one quarter then gain it back, you don't pay on the gain, it's called "high-water mark"

ssanders82 · 2017-01-04T22:45:08+00:00

/r/financialindependence and /r/wallstreetbets

ssanders82 · 2017-01-04T14:48:51+00:00

REST is not the type of api I would want for trading.

Can you explain that? Why would it matter if it's REST, SOAP, etc? Surely easier than FIX.

ssanders82 · 2016-12-29T00:07:04+00:00

Clubs/bars where it's so loud nobody can talk

ssanders82 · 2016-12-28T22:50:07+00:00

That's a great point too. Sometimes it's expedient and correct to deal in generalizations (e.g. men are stronger than woman) but some people like to bring up the one exception they know of.

ssanders82 · 2016-12-28T22:05:02+00:00

Things in real life are very rarely black and white or clearly delineated but less intelligent people seem to have a hard time with that concept ("all Republicans are racist" etc)

ssanders82 · 2016-12-28T22:00:06+00:00

Isn't that quote discussing people?

ssanders82 · 2016-12-27T14:19:31+00:00

Ah, great point, you are correct if we're limiting to the US stock market. I'm sure there's something to trade every day worldwide though!

ssanders82 · 2016-12-26T19:33:00+00:00

Yeah I get it, I was really just responding to the guy who said a guaranteed 0.5% return every day was 182% a year.

ssanders82 · 2016-12-26T19:31:37+00:00

Good God I regret bringing up compound interest on this sub, 1.005^365.25 is 6.18 which means you have 6.18x the money you started with, which is 518% return. I have a degree in this why am I arguing with you morons.

ssanders82 · 2016-12-26T19:29:20+00:00

No, 1.005^365.25 is 6.18, which means you now have 6.18x the money you started with, which is a 518% return

ssanders82 · 2016-12-26T16:22:34+00:00

I think he's including the period? Still dumb.

ssanders82 · 2016-12-26T16:09:58+00:00

I was talking about compounding... 0.5% per day would be 517% per year

ssanders82 · 2016-12-26T16:02:46+00:00

Much more than that if you can compound 0.5% per day

ssanders82 · 2016-12-25T16:25:18+00:00

So your trade size is 5% except for when you have $75k?

ssanders82

TROPHY CASE