Trading 101: Understanding the Expected Value of Uncertain Bets
Industry veterans sometimes remark that successful gamblers tend to make good traders, and engineers tend to make lousy traders. This
Industry veterans sometimes remark that successful gamblers tend to make good traders, and engineers tend to make lousy traders. This
The first thing you need as a trader is a clear edge. What do I mean by “edge?” Edge comes
InIn textbooks, you often see pairs trading algorithms starting by regressing prices of Asset A on Asset B to calculate
Steal them from other people If you know other people are making money trading an idea, it is often a
The first fundamental problem traders run up against is that there’s no beginners’ market. You have to compete for good
Your job, as a trader, is to take all the information we have available now and make a judgment on
I want to discuss a couple of simple trade-off considerations around quant trading signals that may not be obvious. Here’s
If you try to teach yourself quant trading from the internet or from scientific papers, you run the risk of
In 2021, James, I, and a small team decided to set up a crypto trading venture. We faced several problems,
When you do anything with data, you should think about the intuition of each thing you do, and what it