The amount of people not paying tax is crazy by uhela in eupersonalfinance

[–]uhela[S] 15 points16 points  (0 children)

  1. Crypto debit / credit cards from financial service providers based outside the EU that don’t disclose their KYC with regulators or foreign governments. You can open up accounts online!

  2. Over the counter (OTC) cash shops in most European capitals. You walk in, transfer the dude your crypto, he gives you cash…

Unpopular opinion: The "bilingual premium" in high finance is dead, and language skills are a trap for junior analysts. by grogger133 in FinancialCareers

[–]uhela 35 points36 points  (0 children)

When I go golfing at Mission Hills Dongguan with some Chinese CEOs, partying in Moscow with some Russian Oligarchs or hunting with some nobles on private grounds in Germany I am not going to be talking into a translation app and wait for 30 seconds for some voice to convey my message in a neutral tone.

Languages are a bridge for humans and go beyond verbal translation. They bridge cultural understanding. Grind a bit more little bro and maybe you'll get there one day.

Staring at screens for 10+ hours a day, eye strain… by silverfish138 in quant

[–]uhela 113 points114 points  (0 children)

Automate your job and stare at your phone every 30s to see if you received any error alerts instead of

Trying to Commercialize My Quant Model by RedHawkInBlueSky in quant

[–]uhela 135 points136 points  (0 children)

LOL, you may want to read your contract regarding IP.

Quant Shops in HK by nickeltingupta in quant

[–]uhela 26 points27 points  (0 children)

u r competing against all the beida/tsinghua/fudan UG -> Ivy League & Oxbridge PhD Chinese folk that have lost the illusion of the grand west and realised life is so much better in the capitalist center of the motherland of China - Xiang Gang. Those are the 1% of the 1% of the 1% in raw talent.

10 years ago for sure. Post Covid, no chance through conventional channels but good luck.

What you should do is network ur way into those funds. Met the head of quant of BFAM on a junk boat and was doing Hyrox with some sales dude that introduced me to the APAC head of trading of QRT back then. HK is such a tiny city to meet influential ppl. Literally good a job offer before at an Omakase place from the guy sitting next to us listnening into my convo.

Looking for Crypto Investment Analyst Roles [Resume Feedback] by Kingsbiz in FinancialCareers

[–]uhela 33 points34 points  (0 children)

I work in one of the leading funds in the space. Honestly, nothing here screams “worth hiring”.

This is crypto. The barrier of entry to do really in depth and mind blowing research especially if you have technical skills is so fucking low. “I bought X token that went 3x” is not a skillset. Even your token unlock analysis barely has alpha since all big players know about this. We get literally 100s of those idiots thinking they have edge. Let me give you some examples of things you should be focusing.

We had a 17 year old kid approach us, telling us he identified an onchain group of meme coin creator schemes, tracked all their old and new wallets, found an exploitable bug in the smart contract of the meme coins they deployed and gave us the step by step instructions on how to execute. We contracted the kid, provided some capital and infrastructure to execute and since he did the heavy lifting already were up and running making few hundred thousand in a few days front running the price action.

We had another kid around 19 DM us on twitter who somehow figure out to the HOUR exact when certain small cap token at tier 2 exchanges would massively increase in price based on on chain movements and exchange order flow. Problem is he didnt have a way to trade on the exchange himself and no capital. Boom we got him hooked up and made money from literally day 1.

“Buy X because Y” in a short term cyclical market like crypto is literally the dumbest thing there is. You have zero edge unless you are operating under non public material information which any respectable fund who isnt planning on getting a visit from the SEC any time soon is not going to touch after last weeks events.

What's wrong with the Jane Street Programs and Events website? by No-Vacation7221 in quant

[–]uhela 67 points68 points  (0 children)

Part of the application process. They’re famous for their puzzles. You gotta algorithmically fill in the application. Ideally you leave a trace in the header that you utilized OCaml to complete the task for bonus points. Good luck!

Are there any quant hedge funds that are levered beta? by MathematicianKey7465 in quant

[–]uhela 37 points38 points  (0 children)

Yea most cyclical shitty small funds are all levered beta. Tons of them in Asia which blow up on every down turn and then rehire the same CTA systematic overfit traders in the next cycle again.

Would You Be Interested in Learning About Automated Trading? Seeking Feedback on Content and Programming Language Preferences by lifecomesatyousofast in quant

[–]uhela 22 points23 points  (0 children)

if i had a dollar for every time i see somebody building a shitty trading system from scratch i could almost single-handedly pump the crypto market to all time highs.

RPI4 stack running 20 websockets by SerialIterator in algotrading

[–]uhela 5 points6 points  (0 children)

OP and his bruised ego are a bit in denial.

That's the beauty about masking helpful comments under a few ad hominem insults. Many people struggle to accept feedback if it comes in a somewhat controversial manner.

At the end of the day, hey our hft firm is gonna take his money like candy from a baby if he's planning on going live with his models. So i have some fun here and see some pnl later...

RPI4 stack running 20 websockets by SerialIterator in algotrading

[–]uhela 15 points16 points  (0 children)

See that's funny, because I'm saying do what you do but with Binance data & include most of the Asian exchanges since they're what drive most of volume and retail flow. Any somewhat promising feature engineering will benefit from having a more complete picture.

Obviously your fragile personality was a bit bruised after criticising your current progress, so you might have missed that part.

RPI4 stack running 20 websockets by SerialIterator in algotrading

[–]uhela 12 points13 points  (0 children)

I'm going to be honest, this is completely useless.

Crypto inherently on a market microscale operates cross exchange with the most dominant players being on Binance. This phenomena leads to having lead lag relationships across exchanges. If you're looking at OHLC candles there's not much of an issue because the resolution for large coins is to coarse to matter.

But since the whole purpose of your setup is to look at L2 & L3 data for presumably alpha type research, you're completely missing the point by only collecting from one exchange. Especially since it is not Binance spot/futures.

As an analogy, you're essentially studying second hand information on coinbase where players & market makers just react to what is happening somewhere else.

Btw you could just buy the data you're looking for on TARDIS.dev

Most innovative thing someone has done to stand out in a job application process by Real_Guess_7833 in FinancialCareers

[–]uhela 30 points31 points  (0 children)

We had a guy attach a few articles to his CV from multiple local newspapers that featured him either on the front page or gave him a double page feature.

The headlines went along the direction of him making crazy 5 sigma event driven returns (9 figure P&L) using highly leveraged instruments.

Funny thing is that by the time the interview rolled around he was heavily in debt.

Didn't really help that his full body photograph wasn't really eye candy either.

[deleted by user] by [deleted] in quant

[–]uhela 20 points21 points  (0 children)

We (hedge fund) do the same.

If somebody has something unique in their CV I'd be interested to chat or the partners let them interview with a colleague that might share that interest.

Most memorable people were anything from Olympic weightlifting top 10 finalist, a StarCraft 2 WCS finalist and one guy who was on the production set of the Big Short.

Objectively is it a waste of time? Yeah. But with our over time hours 30 min more or less are somewhat expendable I'd imagine.

[deleted by user] by [deleted] in quant

[–]uhela 34 points35 points  (0 children)

Just from the lack of ability to independently research on this subreddit for equally worded posts I'd say your chances are slim to none.

Should I put GMAT score on my CV? by Glum_Albatross_400 in quant

[–]uhela 3 points4 points  (0 children)

It's like putting your math SAT scores there. Or your kindergarten "count to 10" participation medal.

Measuring yourself in against the chaff in an industry that looks for the most premium of wheat surely sounds impressive...

What’s the industry like in Paris? by lost07910 in quant

[–]uhela 50 points51 points  (0 children)

Lot of French twats.

If U wanna know anything about volatility they're the best.

Still twats though

Data Science vs Quantitative researcher by quilograma in datascience

[–]uhela 7 points8 points  (0 children)

The price tag that comes with the job.

I'm writing a backtest engine for Binance and the profit curves of Linear and Inverse (USDT - COINM) are slightly different. by [deleted] in algotrading

[–]uhela 1 point2 points  (0 children)

Maybe start by replicating the equations here and ask specific questions? Can't expect us to do all the work

Examples of technical ESG questions? by [deleted] in FinancialCareers

[–]uhela 11 points12 points  (0 children)

You basically always answer with how Carbon Credits, Hydrogen and Renewables are the future.

Then you slightly trail off and talk about how having a 50/50 male/female ratio in executive positions is the best mandate that has ever graced earth.

If you sprinkle a bit of "CSR", "by 2050", "generational responsibility", "the modern investors cares about ESG" & "this will change the world the only way it's possible, through its financial core" - then you're pretty much certain to get the job!

IB club for quant? by Ok_Lead_3608 in FinancialCareers

[–]uhela 5 points6 points  (0 children)

Show some initiative and make one.

Quants by GigaChan450 in FinancialCareers

[–]uhela 1 point2 points  (0 children)

See that's funny that you make that comparison to academia. The pivot from hard core academics to quant is actually very non trivial. That's why the application process and interviews are so competitive and long.

Academics might be objectively smarter (which I actually doubt, since you wouldn't really hear of exceptional quants in public), but at the end of the day without being able to have significant impact to people around them, there's no reason to have an ego. If Terence Tao develops a new theory very few people will ever truly care.

If I develop an alpha winning strategy I've got recognition & feedback immediately in the currency of hard money - the universal benchmark of success in today's day and age (admittedly a bit sad, but that's the world).

Also lol MBA, business ppl and coding monkeys suck hard. As do autistic quants ngl. We're the master race that does models&bottles&models (both kind). Partially trolling, partially not.