Dorm Room Start-Up Defies Odds, Rises as Large-Scale Quant Fund · Christina Qi
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- Опубліковано 30 лип 2024
- EP 198: Dorm Room Start-Up Defies Odds, Rises as Large-Scale Quant Fund w/ Christina Qi
In her early-20’s, after graduating from MIT, Christina Qi and two classmates; Luca Lin and Jonathan Wang-who had collectively been trading futures from a campus dorm room-founded Domeyard. It was 2012, and Domeyard was to be one of the few high frequency trading hedge funds…
As Christina states during the interview, “By all means we should have failed,” given the three of them had little trading experience and minimal insight to the hedge fund industry. Not to mention, the three had almost no money, so Domeyard is also one of the few hedge funds that went out and raised money from VC’s (such as Softbank and a RenTech co-founder) as a necessary means to launch.
Now eight years on, the Boston-based fund is well-established and well-passed the start-up phase. Domeyard trades thousands of times daily, sometimes exceeding 10,000 trades across many futures products. And during its single biggest day this year, the fund did turnover in excess of $7-billion dollars.
Show notes: chatwithtraders.com/198
3:10 'It wasnt a lot... just a couple hundred thousand bucks'
When you have daddies credit card and no limit, 100k is nothing.
It isn't a lot.. unless you are a retail pleb.
@@Shervind and what're you, Barack??
LOL...was thinking the same thing. The first thing I was wondering was exactly where would a college student get enough money to seriously trade futures? It's crazy how she doesn't seem to see how much of a big deal that is. No one will even look at giving you money unless you have at least that much to build a track record with. But clever strategy of raising VC funds to build infrastructure to make the fund viable for equity raising.
Freaking spit out my water after hearing 100k as "small capital"
Aaron. Your podcast changed my life. I have listened to every episode, some more than once. Thank you and keep up the amazing work.
So smart. Love her voice.
Rlly awesome interview Aaron and Christina, thanks for this
Very inspiring story! Thank u🎉🇨🇦
Great interview. Thanks Christina and Aaron.
Excellent interview, detailed data explained clearly & quickly very informative.
Would you ever consider interviewing Jared Wesley or Anmol Singh? they run a UA-cam channel and are both former proprietary traders who have become very successful retail traders. Hearing from them would be a definite listen.
Love the smart, the drive, and humility of Christina Qi! Proud to see a young and rising MIT Alum mover, shaker, and star in the HF, HFT, and Fintech world! Bravo, Christina!
Great interview. Can't wait for the book...…...
What a story! This was actually really fun to listen to. Inspirational!
You know, you know, you know, you know...So many people nowadays are unable to use more words...tragic
you know
great to hear
Good
General
1. Systems / Strategy / Business Plan
muy bueno!!
Christina thanks for sharing!
Amazing session, Aaron. I find that interesting that they were capable of developing quantitative strategies in their dorm room.
Such an inspiring woman! Amazing interview Aaron. I wish you would have asked her how they determine when a strategy is dead. I mean, how they draw the line between a drawdown and a sign that the strategy no longer works. Maybe you know.
Great podcast.She is a very humble person.Interesting quote from the interview, "We can have twenty-nine winning days, and then the loss on day thirty wipes it all out."
Inspiring!
Good choice Aaron- imho Christine was your best guest yet. She wanted to give the best answer to all the questions.. she was the ideal interviewee, one might say-
This is by far one of the most inspiring interviews. I’m a huge he Christina fan.
As always very interesting and inspiring interviews!!!
What would you say are the best two episodes of ALL TIME (chat with traders)?
Great interview Aaron! Thanks. It is a shame that Christina didn’t want share some broad industry metrics. This tells me with all respect that they are probably no longer profitable in that space and moving back to the frequent day-trading space.
LOL
Amazing and iinspiring. Wonderful story. She and her co-founders/team deserve all the success they worked so hard for.
Clearly she had (has) the goods and the BELIEF to make it happen.
Please bring up mark minervini
3:50 she's talking about Goldman Sachs
Every young person starting out is treated poorly, that’s just the way it is. Experience workers are not always patient with newbies
At the 18th minute she talks about a pandemic. Did anyone pull out due to COVID?
Great conversation! Really enjoyed it. Retire Young ✌🏻
You should've asked her what her fund is going to do when they implement a Financial Transaction Tax that will kill-off all HFT...
you answered your question for her allready...
will move to another country and trade other products.
We will build a new marxcist empire!! Billionaire traders will be thing of the past.
@Dolan Duk human nature human greed Some one said you give 20 people $1 come back 6 months later one guy as the $20 .Utopia does not work with human behavior.
" over 2500 trades per day " your kidding me !
Have Carmine Rosato on
I do not believe everything she says. That Ernest PhD guy is far better and more honest.
Do you notice that there'll always be a few haters downvoting something someone else creates and shares? Bugs the shit outta me 😆
I'm happy for you and for Christina, but with regard to trading this interview is boring and useless.
Aaron, your show has changed my life, I’m now a professional loser (because traders are expert loss managers).