Formula δ1 retweeted
Arragffmh!
"Do you do volume?"
Almost every project I speak with.
No, it's not our job as a market maker to 'do volume'. We provide and manage quality liquidity in your order books - that's it.
"Why do you ask if we 'do volume'"?
"Because the exchanges we want to list on require us to guarantee volume numbers as part of the deal."
Ah, now we see the crux of the issue. Exchanges - stop doing this, it leads to all sorts of bad behaviours and you should know better.
Formula δ1 retweeted
I feel like some people talk about quantitative/systematic/automated trading as if they are all the same thing, which is not true, and blurring these lines causes confusion for people who want to enter the industry.
Formula δ1 retweeted
This is the most boomer comment in the history of boomer comments
Ladies and Gentlemen, I give you the Market Wizard who is a paid sub to <checks notes> zerohedge wtf
unavailable
Formula δ1 retweeted
our investment approach is predicated on the idea that markets are homoskedastic seekers of chaos.
we leverage tools from quantum control theory and stochastic entropy dynamics to harness asymmetric risk reward opportunities.
attached is the prospectus for our covered call ETF
Formula δ1 retweeted
LTCM all hands meeting w/ John Meriwether:
UwU like we kinda uhmm like miscalculated the uhh correlation and volatility of our positions hihi, we uhh might be like, going under, i guess, haha
Formula δ1 retweeted
I guess in the hedge fund biz you have clients to tell, that you have upside volatility and downside volatility. In prop trading firms there are no clients, so we have just volatility.
Can imagine bosses if I told them, that we are experiencing a bit of downside volatility. 😅
Formula δ1 retweeted
In hindsight, given @carolinecapital’s testimony, it is clear that Doug hit the nail on the head on the day everything blew up (amazing foresight on his part given that we didn’t know about stupid stuff, e.g. BTMX)
Formula δ1 retweeted
I've read and analyzed the book “Going Infinite” by Michael Lewis about SBF. I'll try to show you interesting quotes, problems, lies, and why the fundamental problem was that SBF was a complete chronic liar. I’ve worked on it for a few days and it'll be a big thread.
1/43 🧵
Formula δ1 retweeted
GM
General crypto rule:
The moment you start to really believe in notions of 'community' and 'this is more than just price/speculation'
Is usually around the time you get an anus-ripping red candle delivered straight to your front door
Have a blessed weekend 🌞
Formula δ1 retweeted
Men will literally spend countless hours learning obscure fringe languages with zero StackOverflow support and marginal advantages over Python rather than going to therapy.
Formula δ1 retweeted
I think a useful question to ask to generate ideas for improving a systematic strategy is “what would you do differently if you knew everyone had the same alphas/features/edges that you do”?
Formula δ1 retweeted
If you can predict it perfectly, you definitely shouldn't be able to profit from it.
Formula δ1 retweeted
I cannot imagine anything profitable coming from studying candlestick patterns that couldn’t be observed more directly
