Your first day in prop trading (explained by a quant developer)

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  • Опубліковано 26 лис 2024

КОМЕНТАРІ • 79

  • @cengizali5361
    @cengizali5361 2 роки тому +8

    i loved when i finally made it to the desk and had 8 screens, now that i work from home i have 5 screens including the laptop screen. Ppl who come over and see my setup they just love it!

  • @darkwoodmovies
    @darkwoodmovies 3 місяці тому +1

    I'm honestly blown away by the fact that trading firms have things like nap rooms and games. That's so techy of them!

  • @dimakc3294
    @dimakc3294 3 роки тому +17

    Thanks, Next week it will be my first day in Quant firm as an SRE moving from an investment firm

  • @jinchuanwei8416
    @jinchuanwei8416 3 роки тому +52

    Wrong your first day will be sitting at home and having zoom meetings with hr... Thanks to covid

    • @CodingJesus
      @CodingJesus  3 роки тому +25

      Maybe in a country that was hysteric about COVID. In most of the world you’d walk into the office with a mask on and maintain 6 feet distance.

    • @ninthcrusader2355
      @ninthcrusader2355 3 роки тому +4

      @@CodingJesus Most of the world = The US and probably Canada. The rest of them are way too hysteric. And Australia’s gone into 1984 mode

  • @isaachartford1535
    @isaachartford1535 3 роки тому +19

    Excellent content as always. Unedited straight talk, concise and to the point. Thank you sir.

    • @ajcook7777
      @ajcook7777 3 роки тому +4

      He's not in the military or knighted by the Queen, you don't have to call him Sir.

  • @primaryring
    @primaryring 2 роки тому +13

    As a game developer, this sounds like a vivid description of hell 😂
    Don’t worry - I’m sure you’d have the same opinion of what I do.
    The spectrum of software engineering is amazing. Thanks for sharing-

  • @originsourceinvestments3856
    @originsourceinvestments3856 3 роки тому +12

    Thank God my prop firm allows me to trade at home.

  • @nicktids
    @nicktids 3 роки тому +25

    Definitely the office size and glass is only for Americans. London/Europe you're gonna get low level floors and tiny offices.

  • @BlackSpaniard
    @BlackSpaniard 3 роки тому +6

    I'll be sure to hit you up whenever I win the lottery to start our own firm with HFTs and other young knowledgeable option traders.

  • @lineage13
    @lineage13 3 роки тому +5

    What's stoppping a successful quant dev from taking his skills and applying them into his own startup? Essentially quants are money printers right?

    • @reyvax2888
      @reyvax2888 2 роки тому +5

      Capital, OWNING THE TECHNOLOGY THAT THEY HAVE AT THE FIRM- THAT SHIT IS EXPENSIVE...

  • @matchamochi603
    @matchamochi603 2 роки тому +4

    he's teasing us...giving us a taste only to later get reject by the ATS :(

  • @PHOEBEE69
    @PHOEBEE69 3 роки тому +12

    today is my first day and i already want to cry and quit lmao

  • @sebastienbiollo
    @sebastienbiollo 3 роки тому +12

    Hey Coding Jesus, thanks for the video!
    I will join Jump Trading this summer as a TechOps intern. What do you think about Jump, and also what is your opinion on TechOps in hedge funds (is it worst than swe or quant?)

    • @ThomasFoolery8
      @ThomasFoolery8 2 роки тому +1

      Jump is arguably the best prop trading firm in the community. Unfortunately, yes, techops is seen as inferior to swe/quant. However, you will still make a ton of money as compared to other jobs. You’ll be jealous of the rumors of what the front office swe/quant/traders make though.

  • @CodingJesus
    @CodingJesus  3 роки тому +12

    Would you work at a trading firm located on the second floor of a building?🧐

    • @yapyoongsiew4394
      @yapyoongsiew4394 3 роки тому +8

      second-floor counting from the top? Sure!

    • @CodingJesus
      @CodingJesus  3 роки тому +4

      @@yapyoongsiew4394 😆

    • @CodingJesus
      @CodingJesus  3 роки тому +3

      @@yapyoongsiew4394 second floor from the middle

    • @yapyoongsiew4394
      @yapyoongsiew4394 3 роки тому

      Does the prop shop you are working in has separate floors for the develop, trader, and researchers or are they all on one floor perhaps in a different room?

    • @charlie3k
      @charlie3k 3 роки тому +1

      yes, lower latency than all the guys above me.

  • @sharmassahil1991
    @sharmassahil1991 3 роки тому +4

    I thought banks stopped having prop trading divisions since the Volcker rule

    • @lolife1981
      @lolife1981 3 роки тому +2

      Some banks have them outside of the US, but there are independent Prop Firms. Actually Many!

  • @Brandon-se4wn
    @Brandon-se4wn 3 роки тому +6

    Mind if you make a video explaining the different types of quants?

  • @asswhole4195
    @asswhole4195 3 роки тому +4

    What operating system do you mostly use at work?

    • @meteor8076
      @meteor8076 3 роки тому +6

      good question, it should be some unix, windows is too crappy for such an environment

  • @bluepavilion82
    @bluepavilion82 2 роки тому

    can you like do like a video, a day in the life kinda thing, showing your office? what you do, etc?

  • @burgienl
    @burgienl 3 роки тому +4

    "You arrive at a luxurious building"... and you show a stock video of a man in a suit walking through a greenhouse.... ROFL! Greenhouses are not luxurious. They're damp and stink ;-)

  • @siddharthabiswas2147
    @siddharthabiswas2147 3 роки тому +2

    Can you make a video on infrastructure developers

  • @TheChuckster402
    @TheChuckster402 Рік тому

    The Discord link in your profile isn't working, how can I join your Discord?

  • @walterwangsyd
    @walterwangsyd 3 роки тому +9

    I am a software developer for 10 years, I made my own trading system making 7-10% monthly on crypto coins during the COVID time. Should I look for career change to turn to be a quant developer, or just resign the job to run the trading business myself?

    • @meteor8076
      @meteor8076 3 роки тому +5

      of course resign and run the trading system for yourself, why to work for a boss ?

    • @iamme3803
      @iamme3803 2 роки тому +1

      Let's hook up. I'm looking for a co founder

    • @ThomasFoolery8
      @ThomasFoolery8 2 роки тому +1

      So your Algo underperformed just buy and holding Bitcoin over the same time period? Don’t quit your day job.

    • @walterwangsyd
      @walterwangsyd 2 роки тому +1

      @@ThomasFoolery8 I trade 3 thousands times per day with 25million monthly volume on a 3k base fund

    • @ThomasFoolery8
      @ThomasFoolery8 2 роки тому

      @@walterwangsyd and? Your returns underperformed buy and hold. Sounds like you either need to refine your strategy and see how it performs in different market environments or give up and use that energy towards getting promoted at your day job.

  • @HiPh0Plover1
    @HiPh0Plover1 3 роки тому +4

    have u worked in HFT ?

    • @CodingJesus
      @CodingJesus  3 роки тому +3

      Reread the title of this video. In particular, the part in brackets.

  • @g-2019
    @g-2019 3 роки тому +5

    Totally off topic but you should do a beginner introduction series to c++

    • @CodingJesus
      @CodingJesus  3 роки тому +4

      There are already plenty of those online. Thanks for the suggestion though.

    • @meteor8076
      @meteor8076 3 роки тому +2

      there are a lot of such video lessons already and many of them a free

  • @creamosmalaysia1282
    @creamosmalaysia1282 2 роки тому

    Will u be able to discuss the organizational chart of a Quant trading firm?

  • @marhawk6468
    @marhawk6468 3 роки тому +4

    What’s the average amount of hours you’ll work in a day?

    • @CodingJesus
      @CodingJesus  3 роки тому +7

      8 - 10+

    • @lolife1981
      @lolife1981 3 роки тому +2

      @@CodingJesus I agree. Also depends on the market? Asian and European markets vary.

  • @panaliganmosinta
    @panaliganmosinta 3 роки тому

    I have developed incredible platform the analyze oversold assets best for trades. I want to test it for execution then link to appropriate investors, can you help me?

  • @jyothinkjayan6508
    @jyothinkjayan6508 3 роки тому +4

    your salary?

  • @sweetness2689
    @sweetness2689 3 роки тому

    what type of schooling do i need to become knowledgeable in developing algorithms for trading?

  • @elliotpolanco159
    @elliotpolanco159 Рік тому

    So paper trading to see if trading strategy works

  • @Han-rg4zt
    @Han-rg4zt 3 роки тому +2

    Do you think that Quants will make trader's job obsolete? Since traders are manual compare to a quant which are much practical.

    • @meteor8076
      @meteor8076 3 роки тому +2

      You're messing up the terminology. There are quants and trades which work on the same team, and their jobs are quite different.

  • @mohamadhariz9613
    @mohamadhariz9613 2 роки тому

    what is quant?

  • @amitkolgaonkar
    @amitkolgaonkar Рік тому

    This is amazing info spot on thanks @coding jesus

  • @zo1dberg
    @zo1dberg Рік тому

    Sounds like a regular dev job

  • @Kingsmen.love12
    @Kingsmen.love12 9 місяців тому

    You say trading is not a carear buy this is about the carear of a proprietary trader i dony understand you ..but the opposite view is entertaining..so sre those traders not using technical analysis

  • @sweetness2689
    @sweetness2689 3 роки тому

    do you have any indicators or algorithms for sale?

    • @sweetness2689
      @sweetness2689 2 роки тому

      @Sabiu Ibrahim just wrote you here

  • @yapyoongsiew4394
    @yapyoongsiew4394 3 роки тому +2

    second!

  • @non-coders757
    @non-coders757 3 роки тому +1

    First