the vast majority of all trading is done intraday today. we're all day traders. the main difference is sophistication level. on one end, you have the basic level retail traders reading 'news' and point-clicking on a website or mobile app. on the other end, you have ppl formulating arbitrage equations and using HJB to solve argmin solutions to these systems.
Teringventje why do you think that a quant doesn't make money? Do you know the hedge fund Renaissance Technology, James Simons, especially Medallion Fund, or Edward Thorp?
Quant researchers look for new pricing models (i.e. by researching). Desk quants and traders are the ones that actually implement these models and make the money
4:15 Virgin Data Scientist: "I've heard a lot of the term 'alpha,' what does that mean?" Chad Quant Researcher: "That's typically what my coworkers refer to me as"
when you think you're pretty well off, being a University of Waterloo alumni, landing a job in FB, growing youtuber/influencer, upgrading from a pre-teen loft bed to a full adult double bed, but somehow, just somehow, theres always that one sibling who seemed waaAYYYyy on another level haha
@@gw4583 Hey Buddy, I know it's pretty random but I'm actually applying to Uwaterloo as an international student for undergraduate and I really wanna get in. Can you share your social platform contact details so that we can communicate in any ways?
Joma, thanks man. This is a great interview. Truly from the perspective of somebody interested in becoming a Quant, you truly ask all of the right questions. You're great at what you do. Thanks G
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
@@Mayor1248 stop gambling. If you wan't to make money, get a Quant job. Or any other high paying job really. And invest what you have after your expenses in some ETFs and large trusted companies, long-term. You will NEVER make that much money gambling on a stock market, even you're good, the odds are against you.
this guy is a mastermind at creating his videos. Im impressed. After all he is a data scientist. His able to collect statistics from his viewers in the form of their comments/opinions and analyze them before making his next videos and hes done a great job at it. As for the structure of his contents, i give a thumbs up. He never tells his viewers why he is depressed, but leaves the viewer wondering when he tells them he quit his job at the end. He played us good. its all a "chess game"
As someone who also does quant research in developing high frequency statistical arbitrage futures trading strategies I'm honestly surprised he didn't immediately say python or R when asked for his favorite programming language.
Hey Joma, I've been watching your videos and enjoying them very much. I'm currently an Applied Math econ minor at UCSD and I've been losing hope at being a quant but after watching this video I realized there are still many things I can do to strengthen my skillset. I just wanted to say thanks for this video, it helped me out a lot!
older siblings do really pave the way for their younger siblings and i am just as grateful for having an older sister who was such a positive influence during my school years despite her being a scary sister LOL im glad joma and his brother could have this time bc tbh it's hard to talk about even stuff like this one on one w/ siblings in general.
It's always great to see such diversity even in one family. At the end of the day, it's not about which brother is better or smarter. It's how you complement and support each other. I think Joma is doing a great job on his own path right now. Life is a journey to find one's destination. Just keep on moving, Joma!
The reason I love this series so much it gives me so much new and interesting information I would have otherwise not known. Really great initiative, even if the vids are lengthy, they really give you great insight and knowledge. Keep it up Joma oppa!
we can feel that you two are so close to each other and support each other, and joma, it's really nice to have a big brother as a life model for you, you two are both very smart and gentle!
a day in the life of a heroin addict People say nurture matters more because it makes themselves feel good. It’s what’s called virtue signaling. Genetics accounts for 80% of outcomes. All you have to do is look at twins separated at birth to understand this. Even with different upbringing they end up with the same interests in life and success outcomes.
What about Muslims or members of other cults? Do you think your average non-Muslim Feminist would support an oppressive regime that practices Sharia Law? Virtue Signaling supports nurture more than nature, lol.
David is a genius. Top 10% in the William Lowell Putnam Competition 2008(In his resume) Incredible. I guessed he did not receive intensive training in olympiad math during childhood? But Top 10% in Putnam is extremely difficult for people other than the "math geek".
@@purefatdude2 Top 10% right now is top 400, since around 4000 people took it this year. That was back in 2008, wouldn't be surprised if it meant top 200 back then.
well, I changed to a c.s. degree and got back into coding because of how awesome Joma makes data science and coding seem, so he's giving back in some sense.
Hey Joma, thanks for the interview episode. I just wanted to say, seeing you guys succeed helped me in deciding to go to the University of Waterloo for my undergrad
love the bro-mance between you and your brother. You two obviously love and respect each other more than you let it out (asian and all, I know, I know). I think you both are awesome humans in your own ways.
Wow this is so human among other tech vlogs I have seen. Subscribed after 5 hrs. of watching. PS. Don't worry it's Sunday, I did not watch this to procrastinate, haha.
Liked the interview a lot. Your bro seems like a very smart guy. It'd be cool to get him on again and made just talk about some other topics. Made a general discussion about data science, machine learning, the future of ML. bitcoin??? and more Q+A
Dang... definitely must have been tough to grow up in his shadow as David is uber accomplished and smart. But Joma you have carved out your own piece of the pie, so well done!
I literally had chills when Detective Conan Popped up, I was relating myself to the whole interest in Finance and myself I am CS undergraduate.. and Oh Yes I am a Big Fan of Detective Conan , I play as a detective many times!
Fascinating how you guys connected your initial interests to your current pursuits, even when they've come from different places: detective stories & games
Fred Yin mentioned, "We were number one in Canada. Beat [Massachusetts Institute of Technology]MIT, Columbia, UPenn, Northwestern, Queens, Duke, Rotman, Windsor, Ivey, etc.! Also won first flace in the British Petroleum (BP) commodities trading case."
Is this the guy I've been day trading against? I want all the money I lost on oil commodities back.
the vast majority of all trading is done intraday today. we're all day traders.
the main difference is sophistication level. on one end, you have the basic level retail traders reading 'news' and point-clicking on a website or mobile app. on the other end, you have ppl formulating arbitrage equations and using HJB to solve argmin solutions to these systems.
$SVIX$
Can we talk about it? Do you use HFT?
Teringventje why do you think that a quant doesn't make money? Do you know the hedge fund Renaissance Technology, James Simons, especially Medallion Fund, or Edward Thorp?
Quant researchers look for new pricing models (i.e. by researching). Desk quants and traders are the ones that actually implement these models and make the money
4:15
Virgin Data Scientist: "I've heard a lot of the term 'alpha,' what does that mean?"
Chad Quant Researcher: "That's typically what my coworkers refer to me as"
the virgin ancient greek vs the chad european renaissance man
Rich 91 LMAO
LFMAOAOAOAOAO
@@nothingiseverperfect why you getting seizures bruh🤣
i almost got my tea dropped that's so fkin funny ty for the joke
when you think you're pretty well off, being a University of Waterloo alumni, landing a job in FB, growing youtuber/influencer, upgrading from a pre-teen loft bed to a full adult double bed, but somehow, just somehow, theres always that one sibling who seemed waaAYYYyy on another level haha
Yes, that brother who graduated top of his class and is likely clearing $1mill at 2 Sig. Tough.
Ling Ling study stochastic calculus 40 hours every day
I'm only replying to this because I'm about to graduate from Waterloo.
@@gw4583 Hey Buddy, I know it's pretty random but I'm actually applying to Uwaterloo as an international student for undergraduate and I really wanna get in. Can you share your social platform contact details so that we can communicate in any ways?
@@brijeshhota9293 same , are you indian , and can we work in the us if we our international students studying in canada
“I don’t consider myself a genius” - every genius
"this is my quant"
"what?"
"MY QUANT - TI - TA - TIVE"
Classic
Look at him, he doesn't even speak english.
His name is YANG!!!
look at his eyes
That's racist
“Favorite programming language?” “I don’t care”
This was equal parts informative and wholesome. The back and forth between these two is great.
exactly and not just superficial questions
David you’re my new role model, so smart yet so chill! I happen to like the humble bragging too
If you listen to David with your eyes closing, you would probably think that was Elon Musk talking.
yes! i was gonna say the same thing. He pauses a lot like Elon
You deserve a job at 2 Sigma for that observation. Nailed it.
Hold shit lol just noticed
true I fully agree
Yi-hsiu Lee holy shit i just realized
He said "they can make...", and I thought he was about to 100k. "Then he said "200k with half a mil in bonuses. " ma heart dropped.
David seems to be a more polite and quite guy as opposed to Joma, but hey they both doing great with their careers, so thats cool!
Is it just me that can hear some Elon Musk in his voice?
Yeah I’d hate to be the broke brother tho
@@mistahozzy lmaoo
Having a good brother like yours is priceless.
Joma, thanks man. This is a great interview. Truly from the perspective of somebody interested in becoming a Quant, you truly ask all of the right questions. You're great at what you do. Thanks G
What’d you end up doing?
Should I give up on Trade?
What should I do?
How may I do better?
What I'm I doing incorrectly?
here is my problem I have been making losses trying to make trade. I thought to trade demo is just like the real..can anyone help me out or at least tell me on what to do.
I always advice new members to have an orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
@@Mayor1248 stop gambling. If you wan't to make money, get a Quant job. Or any other high paying job really. And invest what you have after your expenses in some ETFs and large trusted companies, long-term. You will NEVER make that much money gambling on a stock market, even you're good, the odds are against you.
@@ТимофейЧерников-щ2хТимофей ты где живешь? просто я не слышал чтобы кто-то работал квант разрабом не в США
Wow. Love you guys' brotherly love. Your parents must be very proud of you both.
Jo Ma -> David Ma -> Jack Ma?
E X P O S E D
Lol
Nhà Ma thì có
-> Lig Ma
Do you know. Ma is just common name in China. Not every Chinese person with "Ma" name always related. I mean related in family
this guy is a mastermind at creating his videos. Im impressed. After all he is a data scientist. His able to collect statistics from his viewers in the form of their comments/opinions and analyze them before making his next videos and hes done a great job at it. As for the structure of his contents, i give a thumbs up. He never tells his viewers why he is depressed, but leaves the viewer wondering when he tells them he quit his job at the end. He played us good. its all a "chess game"
Ranked 2nd out of 8 million.
Not a genius.
Lol, I love the sarcasm
And he only competed against others in the competition, definitely nowhere near 8 million.
More of this content plz 🙏
Haha. Joma World! I'm a little late (June 21 2022) but man this was the realist brotherly love ever. Great content bros!
Great upload Joma, very insightful!
Such a comfortable conversion and deep connected brotherhood I see here
Joma, this interview was so fruitful, that a 8 hours version, would be appropriate next time we have your brother on the 'show'!
Are these guys actually brothers? Joma literally knows nothing about him lmao
he is joking, he is acting like he doesn't care so his brother's accomplishments are not that intimidating
seems pretty normal to me. all i know about my brother is how old he is
@@tbcfrankee bruhh
@@hanhai8515 is this the 3rd layer of irony or haven’t you caught the 2nd layer?
Finally a real CHAD programmer on the channel
What's chad?
@声王 chad is like the opposite of virgin
@@allanbaal2743 search SNL chad lol
@声王 just search giga chad meme
As someone who also does quant research in developing high frequency statistical arbitrage futures trading strategies I'm honestly surprised he didn't immediately say python or R when asked for his favorite programming language.
Hey Joma, I've been watching your videos and enjoying them very much. I'm currently an Applied Math econ minor at UCSD and I've been losing hope at being a quant but after watching this video I realized there are still many things I can do to strengthen my skillset. I just wanted to say thanks for this video, it helped me out a lot!
it's been 4 years, how'd it go?
@@insafidris2366 i actually made a career change. worked as a business analyst for a year and im now a data scientist
@@iCavity oh nice, what made you change? i mean i'd still have asked why quant if otherwise
@@insafidris2366 I decided to change careers because I started to think about work life balance and realized that the Finance industry was not for me.
@@iCavity it's been very long, completely missed it but what do you do now if I may ask?
the tech side creativity has been well explained here, he's cool, this episode kills
older siblings do really pave the way for their younger siblings and i am just as grateful for having an older sister who was such a positive influence during my school years despite her being a scary sister LOL im glad joma and his brother could have this time bc tbh it's hard to talk about even stuff like this one on one w/ siblings in general.
It's always great to see such diversity even in one family. At the end of the day, it's not about which brother is better or smarter. It's how you complement and support each other. I think Joma is doing a great job on his own path right now. Life is a journey to find one's destination. Just keep on moving, Joma!
Very real and relaxing conversation, love that. Just be yourself and don't have to be smarter or what
The reason I love this series so much it gives me so much new and interesting information I would have otherwise not known. Really great initiative, even if the vids are lengthy, they really give you great insight and knowledge. Keep it up Joma oppa!
I just read "Flash Boys" and this is an awesome interview! Super elite level stuff.
Read dark pools, even better imo.
This channel is gold! Thank you joma.
Bromance is real here. Good to see brothers respect and love each other.
Is it just me that can hear some Elon Musk in his voice?
we can feel that you two are so close to each other and support each other, and joma, it's really nice to have a big brother as a life model for you, you two are both very smart and gentle!
You must have good genetics. You and your brother are both pretty smart and successful. Now we need an interview with your mom and dad.
Nurture > Nature. I assume it's upbringing.
a day in the life of a heroin addict
People say nurture matters more because it makes themselves feel good. It’s what’s called virtue signaling. Genetics accounts for 80% of outcomes. All you have to do is look at twins separated at birth to understand this. Even with different upbringing they end up with the same interests in life and success outcomes.
What about Muslims or members of other cults? Do you think your average non-Muslim Feminist would support an oppressive regime that practices Sharia Law? Virtue Signaling supports nurture more than nature, lol.
it's called working hard
Dew Time Genetics is the bullshit excuse people like you use to be failures in life.
Great interview and David has a great personality. Enjoyed watching it!
Joma and his brother have a great relationship
Are you the Zachandbro from Justin Escalona's channel?? Lol
He hardly knows his brother. He knows his surname though.
@@rskbug Im p sure he was j joking. He def knew what his brother did.
@@rskbug it's an interview he asks questions for us
David is a genius.
Top 10% in the William Lowell Putnam Competition 2008(In his resume)
Incredible. I guessed he did not receive intensive training in olympiad math during childhood? But Top 10% in Putnam is extremely difficult for people other than the "math geek".
Top 10%? You mean top 500? How does 10% rank with respect to top 500?
That's pretty sick credentials there
@@purefatdude2 Top 10% right now is top 400, since around 4000 people took it this year. That was back in 2008, wouldn't be surprised if it meant top 200 back then.
Loved this video man. Glad to see brothers acknowledging each other. God bless !
well, I changed to a c.s. degree and got back into coding because of how awesome Joma makes data science and coding seem, so he's giving back in some sense.
Cool! How are you doing now?
Hey man, how's life? Did you become a quant?
@@chase.2595 He invented facebook
@@josephdelgado3619 😂 😂
14 min. The most important part.
......you're welcome
I really enjoyed the interview . Thanks for putting this out. Quality content.
I'm surprised that your first question wasn't "how much do you make ?"
Alpha is a measurement of your performance relative to the market return (S&P 500)
Great interview! Very personal and insightful.
I felt the awkwardness ㅋㅋ and yet sincerity and love between Joma and his brother.
Sweet ^_^
your brother is so cool. first he seemed shy but is so well-spoken
Happened upon this video super randomly but was pleasantly surprised. Cool brother (and you)
Hey Joma, thanks for the interview episode. I just wanted to say, seeing you guys succeed helped me in deciding to go to the University of Waterloo for my undergrad
What an intelligent pair of brothers. Parents must be proud!
Man David is the definition of humble
and now joma is paving the way for other tech channels!
David "I am not genuis" ...Such a humble dude.
I am not the guy who tell someone intelligent, but your brother really is. Good for you. Nice family
Yellow sticker at 0:06 made my day. Seems like Joma went to Hokkaido, there are many bears.
Awesome -- I'm a quant as well, but I specialize in programs for trading equity index futures. Enjoyed listening to your bro!
Any tips about how to get into these prop shops. The competition seems pretty harsh.
Bro can you help how to automate trades
love the bro-mance between you and your brother. You two obviously love and respect each other more than you let it out (asian and all, I know, I know). I think you both are awesome humans in your own ways.
man David is such an honest guy no wonder he's good at math. Joma you're awesome too.
Super informative! Keep up the great work guys. Love the variations of Java the Hutt pop ups during the interview. Hysterical.
Wow this is so human among other tech vlogs I have seen. Subscribed after 5 hrs. of watching.
PS. Don't worry it's Sunday, I did not watch this to procrastinate, haha.
Would it be possible to do another day in the life?
19:33 whenever we're successful. i'm curious how you and your brother would define success.
Great video guys. Great brotherhood relationship. Love it.
Awesome
Thanks for actually making the video as suggested :)
Liked the interview a lot. Your bro seems like a very smart guy. It'd be cool to get him on again and made just talk about some other topics. Made a general discussion about data science, machine learning, the future of ML. bitcoin??? and more Q+A
Best Interview of this channel. Bro love respects
YESSSSS! BEEN WAITING FOR THIS VIDEO FOR SO LONG
Probably the best interview content and person wise
Dang... definitely must have been tough to grow up in his shadow as David is uber accomplished and smart. But Joma you have carved out your own piece of the pie, so well done!
favorite from the interview series so far! 🙌🙌
I literally had chills when Detective Conan Popped up, I was relating myself to the whole interest in Finance and myself I am CS undergraduate.. and Oh Yes I am a Big Fan of Detective Conan , I play as a detective many times!
Are you in india, and will look for jobs as quant here.
@@sceaserjulius9476 Yes I am in India and I want to work as a quant
Hey man, I'm on the same path. Could I maybe talk to you over Linked In.
My name is Omkar Kanade studing
At SVNIT in surat
Beautiful interview! Absolutely loved it and super fruitful. Thanks a lot for such awesome questions.
Can you make a vid of a day to day of a data scientist
Also the programs that you think is most important to learn for the job
Came here after watching the startup that he sold episode.. An informative guy who knows what he is doing!
Fascinating how you guys connected your initial interests to your current pursuits, even when they've come from different places: detective stories & games
Talk about brotherly appreciation!
Loved this one. Very insightful!
Very inspirational. Thanks a lot for the vid.
u guys r awesome...stay smart and keep "bro"ing
I knew I heard the term cegeps somewhere before and then your brother mentioned Quebec... XD Nice interview!
I love your channel! Doing a good job!
That’s genuine bro-love right there!
It's so American to think that 10hrs of work per day is considered to be balanced.
You can't even complain
At least among the quant shops 10hrs per day seems really decent
我这几个月一直都在看你的视频，不过没猜出来你是国人。😂 看了你们两位兄弟的贵姓【马】以后发现了你们是中国人是吧？我自己来自乌干达，现在在北京留学大二计算机科学的专业，我当时在关注区块链技术的方面。我总是收到你视频的启发。感谢您的好工作！👍🏾
哥们儿，中文不错。
you guys are great, thank you
We got another VIM boi
very insightful! stacked brothers mang
Sold his startup for 60 mil? God damn
Alpha is the part of the return that exceeds the market return.
JOMA I LOVED THIS!
u must be lucky to have such big bro
great content man, keep up!
in every family u get a calm older brother and a goofy younger one
nice! one a quant the other a data scientist. you guys are on point. you should start a hedge fund together
Awesome interview. Thanks, Joma!
Fred Yin mentioned, "We were number one in Canada. Beat [Massachusetts Institute of Technology]MIT, Columbia, UPenn, Northwestern, Queens, Duke, Rotman, Windsor, Ivey, etc.! Also won first flace in the British Petroleum (BP) commodities trading case."
Really good interview joma!, the video producer genius hahahaha, good questions