I will forever appreciate this channel and Priscilla Dearmin-Turner, you've helped my family alot, your videos, advice, lessons and funny words are inspirational and helpful to us. My Wife and I have been able to be minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation. we all love you😘
Hi. I’m a Financial Engineer (quant finance, finmath etc.). We really need to know stats and probability obviously. Also stochastic calculus is big. But day to day probably mostly stats :)
@Bain Number One I’m about to finish my masters and head to a PhD program. Id say a masters in mathematical finance at the minimum but if you wanna make the big bucks and get a better position I think a PhD gives you that expertise
@@esteban_ruiz Can Quants grow in a company to have a management position? for example, could a quant at an investment bank go from a researcher to a vp or MD?
How do these quant hedge funds protect their intellectual property from engineers who quit the company? Like I want to hire engineers but I also don't want to let them steal my intellectual property. And as you're aware, most algorithms especially in the trading realm is not patentable.
1. Compartmentalize teams so that each team doesn’t know much about how things work outside of their domain. Not every firm does this - some well known quant shops are known for this. 2. Long non-competes and litigation. Employees are not permitted (by their contract) to work in the same type of firm for X number of years after leaving. Some firms are very eager in suing former employees and the companies which poach said employees. 3. Golden handcuffs. It is the best interest of hedge funds to keep performant employees happy - and lavish large compensation packages to prevent them from leaving. Ultimately information leakage happens. Strategies and ideas that were cutting edge often become public knowledge (and less profitable as you lose the edge over the rest of the market). Two Sigma’s use of satellite imagery to track customer behavior is a classic example of a once-novel idea that’s now commonplace.
As a quant traders are you actually determining when to open/close positions for profitable opportunities or is your role more about monitoring trading algorithms to make sure they are efficiently working? How much freedom do you have in coming up with your own strategy to manage portfolios with firm capital? I am trying to determine whether the skills I have gained by retail trading would overlap into a quant position. I have a Finance background but little knowledge in CS. Currently trying to pick up coding. Which language would you say is best for a quant?
Varies team to team and firm to firm. Quant PMs and senior traders probably have the most discretion on what to trade and have the most skin in the game. Some firms assign you to specific markets and you’re restricted to those (eg Citadel). Others don’t care what you trade as long as it makes money. Python and C++ are good places to start.
How much do you programme as a quant? I just finished my bachelors in physics so the math isnt a problem for me but i dont really programme that much. i just work sometimes with python. What advice do you or any other quant reasercher in here have?
Why did you choose quant trader over researcher and which one would you recommend? Out of the MS degrees in FE, Math, and CS, which do you think is best suited for a Quant? Thanks!
Higher but more volatile earnings potential for trading over research. Depends on the school / program. Some universities w FE masters have strong funnels into quant roles. Ignoring the value of specific programs, I’d recommend math or CS. I’d recommend looking into alumni placement stats for a better picture.
I'm going to start a PhD in high energy physics and I was wondering what I should start learning if my goal is to become a quant after the five years of my doctorate (given how jobs are kinda hard to find in academia). Assuming that I know nothing about finance, what would be a good place to start my preparation? Thanks a lot if you reply
If you develop a good background in stats/ML and pursue some quant internships throughout your PhD, you should have a very good chance of becoming a quant.
Hi, I have a Bachelor's of science in Computer Science and I'm going to study Quantitative Finance for my master degree. Do you think that this background could help to find a job at a Hedge Fund?
Either subject of study would help you. If you go with CS, make sure to take stats courses as well. A masters degree can help but isn’t strictly necessary.
Could you recommend any books on different statistical approached for approximating possible outcomes in a particular situation? Happy to have found your channel. Definitely going to follow you :D.
I an currently a finance student and I want to pursue a master in Financial Engineering. In order to be more prepared, I want to a minor during my undergraduate years. Considering my goal, should I pursue a minor in Financial Markets Trading or in Information Technology?
Depends on whether you want to work on fundamental or quant investing. I wouldn’t recommend the Information Technology degree as IT programs tend to lack theoretical foundations.
@@KoreanYuppie The reason why I am considering the Information Technology minor is because I would get the chance to learn how to program in Python and C++, which are technical skills that could be very useful for a future master in Financial Engineering.
@@KoreanYuppie Yeah I understand. Sadly I don't have that choice. I can take electives for my major degree from the cs department, but as for the minor my main options are Financial Markets Trading, IT or Business Analytics.
I’m a sophomore in college studying statistics, with interests in machine learning. Do most trading firms accept undergrads as interns or is it more so graduate level students in math/stats/cs.
Hey , i want to be a Quant trader in hedgefund, i’m french so i don’t know if french diploma are apreciate like the « El karoui master degree » (now is proba-finance) or the « Laure elie master degree » ( M2MO) So can integrate an hedgefund as a quant trader with these french diploma or i need other ?
Hi, loved the vid~your job is basically my dream job! BTW I'm strggling to find a quant finance thesis for my degree, so could you suggest some source for me to refer to or some list of topics that are worth digging into?
Hello Korean Yupi, How are you? Lately I've been interested in hedge funds, I understand that it requires a lot of math. I'm currently studying economics/ finance, but I think it is not enough if I wanted to work in these funds. What would you recommend me to learn or study to work in this sector?. Maybe a master's degree in quantitative finance, data science, I don't know. Appreciate the video
you're gonna need python for sure. learnt o code my friend. I did quant finance for a masters and I promise you it is more about networking and people skills than anything else.
Great setup. What you do exactly, what is your job? I mean I know about Quant Trading but how does it work in real life? What if your algorithm makes a mistake?
Most experienced traders like Mr Elvis Hercules, would prefer to get the proper skills to analyze price charts in order to make their own trading decisions, but many traders, especially amateur traders, are still wondering really whether they accelerate their successful trading using only signaling services, don't get me wrong. Signals are good, especially if you find the right one, but it would also be wise if traders can analyze price charts positively and accurately and good trading results. If we take a close look at some of the main reasons people cannot make money investing / trading online. whether it is trading stocks, binary options, forex or cryptocurrencies, you will find that the problem is that traders are lazy and too dependent signaling services, and also do not understand the trade before starting it. So just in case it is best if traders, especially those who are still learning and practicing trading, should know these tips before entering any online investment scheme: 1. Use a signaling service. ... 2. Learn to use technical indicators. . 3. Trade stocks before trading binary options trading security. .. 5. Buy options of the right length for your trading style. For additional tips and trading strategies that can bring you $ 20-40 thousand per 4. Track your performance for each option month, contact him by mail, as He is ready to show interested traders, both beginners and professionals, how to trade with confidence and achieve success. .. and amateurs how to trade confidently and make good profits using strategies that fetches $ 20k$ 60k per month. (elvishercules48@gmail.com
The best decision I ever made in my life was investing in financial market. Trust me guys, it pays!😊
You're right! I was able to build a big income stream during the COVID-19 pandemic investing with a professional broker, Marissa Saponare.
@Fine Zone hye can i get to know her name?
I will forever appreciate this channel and Priscilla Dearmin-Turner, you've helped my family alot, your videos, advice, lessons and funny words are inspirational and helpful to us. My Wife and I have been able to be minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation. we all love you😘
Appreciate the video. It would be interesting to know about the type of math you use during your day to day and how rigorous it is.
Hi. I’m a Financial Engineer (quant finance, finmath etc.). We really need to know stats and probability obviously. Also stochastic calculus is big. But day to day probably mostly stats :)
@Bain Number One yup. And R and SQL and MATLAB and a few other languages
@Bain Number One I’m about to finish my masters and head to a PhD program. Id say a masters in mathematical finance at the minimum but if you wanna make the big bucks and get a better position I think a PhD gives you that expertise
@Bain Number One thanks man. Good luck to you also. Feel free to ask more questions if you have :)
@@esteban_ruiz Can Quants grow in a company to have a management position? for example, could a quant at an investment bank go from a researcher to a vp or MD?
How do these quant hedge funds protect their intellectual property from engineers who quit the company? Like I want to hire engineers but I also don't want to let them steal my intellectual property. And as you're aware, most algorithms especially in the trading realm is not patentable.
1. Compartmentalize teams so that each team doesn’t know much about how things work outside of their domain. Not every firm does this - some well known quant shops are known for this.
2. Long non-competes and litigation. Employees are not permitted (by their contract) to work in the same type of firm for X number of years after leaving. Some firms are very eager in suing former employees and the companies which poach said employees.
3. Golden handcuffs. It is the best interest of hedge funds to keep performant employees happy - and lavish large compensation packages to prevent them from leaving.
Ultimately information leakage happens. Strategies and ideas that were cutting edge often become public knowledge (and less profitable as you lose the edge over the rest of the market). Two Sigma’s use of satellite imagery to track customer behavior is a classic example of a once-novel idea that’s now commonplace.
@@KoreanYuppie Maybe you could put some of your own models on SingularityNET to monetize them as working parts of the AI economy
I have a BBA major in Finance, would you recommend me to take a data science bootcamp or is that not enough to transition into quant trading?
As a quant traders are you actually determining when to open/close positions for profitable opportunities or is your role more about monitoring trading algorithms to make sure they are efficiently working? How much freedom do you have in coming up with your own strategy to manage portfolios with firm capital? I am trying to determine whether the skills I have gained by retail trading would overlap into a quant position. I have a Finance background but little knowledge in CS. Currently trying to pick up coding. Which language would you say is best for a quant?
Varies team to team and firm to firm. Quant PMs and senior traders probably have the most discretion on what to trade and have the most skin in the game. Some firms assign you to specific markets and you’re restricted to those (eg Citadel). Others don’t care what you trade as long as it makes money. Python and C++ are good places to start.
@@KoreanYuppie Thanks for the response! Hoping to see more videos!
How much do you programme as a quant? I just finished my bachelors in physics so the math isnt a problem for me but i dont really programme that much. i just work sometimes with python. What advice do you or any other quant reasercher in here have?
Python zou ik echt 100% onder de knie krijgen. Daarnaast in je vrije tijd veel marktkennis opdoen en een master in Finance is ook een aanrader.
@@casrijnierse830 ok thanks for the reply
Why did you choose quant trader over researcher and which one would you recommend?
Out of the MS degrees in FE, Math, and CS, which do you think is best suited for a Quant? Thanks!
my 2 cents says math or CS
Higher but more volatile earnings potential for trading over research. Depends on the school / program. Some universities w FE masters have strong funnels into quant roles. Ignoring the value of specific programs, I’d recommend math or CS. I’d recommend looking into alumni placement stats for a better picture.
Thanks to you both. And keep up the good content.
Have you got any forums for beginners to ask the trading coding questions?
I'm going to start a PhD in high energy physics and I was wondering what I should start learning if my goal is to become a quant after the five years of my doctorate (given how jobs are kinda hard to find in academia). Assuming that I know nothing about finance, what would be a good place to start my preparation?
Thanks a lot if you reply
If you develop a good background in stats/ML and pursue some quant internships throughout your PhD, you should have a very good chance of becoming a quant.
@@KoreanYuppie what’s the range of a quant researcher’s total compensation (including bonuses)?
I love the minimalistic setup on your wardrobe
Thank you Pau! :) I like keeping things simple and organized by color!
Hi, I have a Bachelor's of science in Computer Science and I'm going to study Quantitative Finance for my master degree. Do you think that this background could help to find a job at a Hedge Fund?
Yeap! That sounds like a great educational fit for quant teams.
Either subject of study would help you. If you go with CS, make sure to take stats courses as well. A masters degree can help but isn’t strictly necessary.
I did Biomedical engineering for undergrad and financial engineering for MS and PhD. You have a great background for quant work.
Could you recommend any books on different statistical approached for approximating possible outcomes in a particular situation? Happy to have found your channel. Definitely going to follow you :D.
I an currently a finance student and I want to pursue a master in Financial Engineering. In order to be more prepared, I want to a minor during my undergraduate years. Considering my goal, should I pursue a minor in Financial Markets Trading or in Information Technology?
Depends on whether you want to work on fundamental or quant investing. I wouldn’t recommend the Information Technology degree as IT programs tend to lack theoretical foundations.
@@KoreanYuppie The reason why I am considering the Information Technology minor is because I would get the chance to learn how to program in Python and C++, which are technical skills that could be very useful for a future master in Financial Engineering.
@@alkisantz9152 I'd recommend pure computer science over IT if you have that option as well.
@@KoreanYuppie Yeah I understand. Sadly I don't have that choice. I can take electives for my major degree from the cs department, but as for the minor my main options are Financial Markets Trading, IT or Business Analytics.
Great vid!
I wanna ask, which position involves more maths & modeling, Quant Researchers or Quant Traders?
Quant researchers definitely use more maths than traders
I’m a sophomore in college studying statistics, with interests in machine learning. Do most trading firms accept undergrads as interns or is it more so graduate level students in math/stats/cs.
Lots of undergrad internships available but they’re pretty competitive
@@KoreanYuppie thanks! Also fantastic book btw
No update? Musta worked for Melvin or Citadel. Updates bro
Hey , i want to be a Quant trader in hedgefund, i’m french so i don’t know if french diploma are apreciate like the « El karoui master degree » (now is proba-finance) or the « Laure elie master degree » ( M2MO)
So can integrate an hedgefund as a quant trader with these french diploma or i need other ?
To be honest, I’m not familiar with French degrees. I think if you had other technical job experiences or internships it would help you get a foot in.
안녕하세요. 저도 헤지펀드 콴트 트레이더가 되고 싶은데 홍콩대에 quant finance라는 과는 어떨까요?
안녕하세요. 저는 미국에서 컴싸,수학을 공부하고 퀀트를 꿈꾸로있는 학생입니다. 혹시 전공이 뭐였는지, 그리고 꼭 math degree가 필요한지 궁금합니다!
저는 CS전공했습니다! Math전공은 꼭 필요한것은 아닙니다.
I’m majoring in Electrical engineering and im thinking of double majoring with applied mathematics, would that help me get a Quant job/internship ?
Yes, I think it would help. Generally firms look for indicators of technical ability and quantitative majors help in that regard
Hi, loved the vid~your job is basically my dream job! BTW I'm strggling to find a quant finance thesis for my degree, so could you suggest some source for me to refer to or some list of topics that are worth digging into?
Please DM me on Instagram! @koreanyuppie
Hello Korean Yupi, How are you? Lately I've been interested in hedge funds, I understand that it requires a lot of math. I'm currently studying economics/ finance, but I think it is not enough if I wanted to work in these funds. What would you recommend me to learn or study to work in this sector?. Maybe a master's degree in quantitative finance, data science, I don't know. Appreciate the video
you're gonna need python for sure. learnt o code my friend. I did quant finance for a masters and I promise you it is more about networking and people skills than anything else.
What is name of the book in 02:17 ?
U not showing ur office 😟?
Great setup. What you do exactly, what is your job? I mean I know about Quant Trading but how does it work in real life? What if your algorithm makes a mistake?
its called win rate
Where are you finding these research opera you’re studying?
Is there any job easier to replace with AI than this?
Would you tell us what you studied in college?
I think that's a HTML code which isnt desired by quants.
ESL: if you know u know
How does one connect to the nickelodeon supercomputer
rewatch avatar the last airbender 4000 times
what % of research papers do you find useful/insightful? I've implemented a bunch of ML papers but they are all worthless garbage.
What was the research paper?
really good video, what are your pc specs? you use Machine learning? thnx for share your day
Just curious why you learn html5 as a quant ?
he signed an nda
I'm just here for the Costco Steaks.
Major/minor recommendations besides CS?
Mathematics or Stats
How much do you make as a quant trader?
Enough
Please make a video on Off Quarantined daily routine of a Quant trader. :)
Quant Traders are usually up and in the office at 6AM despite COVID. Fake. :)
Here's your 1000nd subscriber! Amazing content!
Where is the trading part?😂😂😂😂
What did you study????
l recommended a professional broker to you guys sometime ago, can I get person who invested with her
comment below
let's gooooo
hey wes,
l did invested with her i made huge profits
thanks for recommending her
who made profits for you, am really looking for a pro who can manage my account and make me huge profits
I saw that recommendations but I did not bother chatting her up 🤦🤦🤦
wow I'm glad I did withdrew my first profit two days ago now I have another ongoing trade with her
who is this professional broker and how would I be able to get in contact with her
Will you make more day in the life vid ?
Just subbed! Would love to know more about your job, getting in, work-life balance, pay, exit opportunities, etc. Keep it up!
How to become Quant trader .so guide me . Help me ..
What do you think about cryptos?
What is your salary?
Whats the name of the book?
Elements of statistical learning
We didn't really get to see much of what you do at work, most of the video was you doing everyday stuff everyone else does.
This dude looks miserable doing his job :D but thx for the insight !
Wow you read an ML research paper so fast? Amazing!
Haha I usually spend a few hours on it overall but sometimes break it into chunks like in the video :)
Where is ur lambo bro??
Great Video! What did you study at Princeton?
Thank you! I studied Computer Science
Love the textbook, hate the way you hold your pencil🤮🤮
So you are a quant analyst and not a quant trader
Most experienced traders like Mr Elvis Hercules, would prefer to get the proper skills to analyze price charts in order to make their own trading decisions, but many traders, especially amateur traders, are still wondering really whether they accelerate their successful trading using only signaling services, don't get me wrong. Signals are good, especially if you find the right one, but it would also be wise if traders can analyze price charts positively and accurately and good trading results. If we take a close look at some of the main reasons people cannot make money investing / trading online. whether it is trading stocks, binary options, forex or cryptocurrencies, you will find that the problem is that traders are lazy and too dependent signaling services, and also do not understand the trade before starting it. So just in case it is best if traders, especially those who are still learning and practicing trading, should know these tips before entering any online investment scheme: 1. Use a signaling service. ... 2. Learn to use technical indicators. . 3. Trade stocks before trading binary options trading security. .. 5. Buy options of the right length for your trading style. For additional tips and trading strategies that can bring you $ 20-40 thousand per 4. Track your performance for each option month, contact him by mail, as He is ready to show interested traders, both beginners and professionals, how to trade with confidence and achieve success. .. and amateurs how to trade confidently and make good profits using strategies that fetches $ 20k$ 60k per month.
(elvishercules48@gmail.com
OMG ESL is killing me
Why does a quant trader do HTML/CSS coding lol
Would love to have a conversation with you about Coding and quantum mechanics Fibonacci Pi 🕵️♂️ etc 💯®️♟👽♟♾📚♾
Quant is not quantum mechanics........
I was gonna say
Great video! Like the Graphgear.
You’ve got quite a sharp eye. Big fan of the graphgear for high quality to price ratio!
I was about to ask what pen is that. Thanks lol.
for anyone else who's curious about the exact model of the mechanical pencil, it's the Pentel GraphGear 1000
omg now my dream is to being a quant trader
Do you have an Amazon link for the textbook stand? Thanks in advance 😁
It’s the High Tide Metal Book Stand!
Thanks for the video. Great work mate!
Thanks!
👍
OMG I can relate to those w3school stuff
its bs
cool
형님 영상 너무 재밌는데 업로드가 너무 뜸합니다 ㅋㅋㅋㅋ 빨리좀 올려주세요 현기증 날것같아요
네!
김웅조님, 곧 나올 겁니다! New video coming soon!
형님 멋집니다 ㅎㅎ! 응원할게요
저도 퀀트트레이더가 되고싶습니다!!
Seriously????!!!!
Interesting content. Cool video
Glad you enjoyed it! :)
Never forget that these people manipulate the market so that individual investors usually loose and can not reach their way to a better life.
no they just make it more efficient so instead of market making just buy the s&p and youll outperform his fund or QLD or TQQQ
이 재밌는 채널에 한국인 시청자가 하나도없네 ㅋㅋㅋㅋ 이형님 무료한 표정으로 일하는게 ㄹㅇ 중독성 있어서 개웃긴데 ㅋㅋㅋㅋ
spindrift is the shit
why no taking bath
oh yes he work from home ofc so who cares
That’s not quite the content I was going for...
@@KoreanYuppie lmao yes ikr 😂
Wooo...pen holding style😅😅 🔥
This is cool
iyeah !!!!!
So fantastic I subbed
Americans
lol I enjoyed your vid
w3school
sexy
WHAT A SAD LIFE MAN. CONGRATULATIONS ANYWAY 🤣😵
His money isn’t sad though, and maybe he does enjoy it
ESL LOL XD