That's exactly why I thought it was important to make this video, despite it being (potentially overly) simplistic and unexpected. People don't realize just how much time and effort goes into ones work in the world of quantitative trading. Firms literally have entire teams of 50+ people, each putting in 8 hours a day at least, to compete on a global stage against other firms that have virtually unlimited time, money, and resources to invest in squeezing out as much alpha as possible. Not only that, but each software engineer, as they develop in their careers, starts specializing in various subdomains of applications in the organization. You can be a software engineer that specializes in risk systems, which sit primarily in the pre-trade (risk mitigation) and post-trade (risk reporting, aggregation) phases of the trading process - in theory you can have 10+ years of experience as a software engineer in quantitative trading and never work on anything related to order-entry (strategies). I'm fortunate enough to have worked on many services spanning from order execution, to market data, to internal tooling, to risk systems, but that doesn't mean that I i) want to spend my time outside of work building these systems from scratch and ii) am arrogant enough to think that I can outpace firms who have dozens of employees working around the clock. Questions like "Why don't you just be a one-man-band / implement quantitative strategies on your own" are rooted in ignorance. The more you know, and the more you work on critical systems in conjunction with other bright individuals, the more you understand just how futile it would be to compete on the same playing field as an individual. It's also important to note that, just as traders don't necessarily understand the code that runs behind the algorithms they control, so too do developers not necessarily have a detailed understanding of the model development, and trade execution that is involved in controlling the algorithms that they work on (to the point where they can simply replicate them, and iterate on them, outside of the workplace; neither do I think this is legal). I'd personally rather pursue something simple and time-tested, knowing that over time I'll at most have a humble outperformance (and at worse, match the markets performance, which is still a feat that most hedge funds cannot achieve), than waste hours of my free time throwing money down the drain trying to compete with the titans of the industry. Smart people simplify, clumsy people 'complexify'.
@@CodingJesusI've been trying a "similar" strategy:-- an ETF sampler with "probabilistic risk"--> say --> [META, MSFT, GOOG, PLTR] now probability of sampling market = 0.75 probability of not sampling market = 0.25 (PLTR is risky but has low probability too) We keep a pool of funds say $10 everyday to cost average across this probability distribution And we can buy on Mondays and Sell any equities in Profit on Fri (for losses we'll keep them as unrealized loss aka "hold") This yields a sharpe ratio of 10% on avg & is also non-deterministic. I published on quant connect too Ultimately I call it probabilistic betting it's fun haha
Right curving it. The high beta thing clicked for me when Lynn alden said, "the bigger you are the more access to credit you have" and we are in a fiat system. It seems to defy physics but bigger really does get bigger when the currency is soft. A lot of people struggle with this so we can just keep going with the trade and the middle curvers will take the other side of it.
Most of profitable trading strategies that we work on are not profitable for retails who pay transaction fees and or are limited in terms of capital etc.
He kinda lost me when he started talking about short-term alpha. The S&P has only done ~7% since Jan 2022. So what if you do 100% YTD if you were down 50% last year. That's just breaking even.
dont need to see that based on his words. he sounds like the dude who randomly bought tesla early on a gut feeling, then uses that one performance to give his "investing genius" beating the market speech
As an employee of a hedge or quant trading firm, how are you making these frequent trades? Aren’t you required to buy and hold for 90 days and get permission from your compliance dept before every personal trade? I am even surprised that Robinhood is an approved broker by your employer.
Ive got a question. I’ve been coding strategies for a little while now and my algo portfolio has just got a 2.7 sharpe ratio. I’m hitting about 3% per month (2004-2023 backtests). I just turned 20 and I don’t have any formal education about quant finance, just what I’ve taught myself at the local library. Would it be realistic to try to and get investors like a hedge fund, or should I just focus on improving my strategies and increasing my own capital.
I am 19 and doing my degree in data science i also want to start developing my own algo can you please share some resources. Rn i just sell covered calls on my portfolio.
@@bilalshaikh6603 I just turned 20 a couple days ago and I’m a business major, everything I’ve learned is just from arriving at an issue, guessing and googling, and asking chat gpt 😂 I’m not the person to ask
Would love to know why did you pursue quant dev instead of quant trading, (if you have no problem answering). I see most of your videos and you seem more interested by the trading side than the dev one. Is it because it is way harder to get in? Or simply because dev is safer since it is more like a traditional job and there is wayy (way) more job abundance? Or because you prefer it maybe?
watch his earlier videos, he's smart. learnt C++ and landed a dev job working in quant's. With no disrespect to him but he's more like codes up the theory the quants tell him. He's not had any formal education in quant theory. They are not the same job. the pay and skill difference would be order of a magnitude
To be honest- this is super disappointing. I was expecting something interesting and sophisticated. The reality? Coding Jesus buys high beta stonks on robinhood. Maybe there is hope for me in quant trading after all...
Its probably because they don't work at his account scale, nor does he have the execution speed. If he works at a HFT then they probably market make/take and you cant do that with little liquidity and retail brokerages. The "complex strategies" are not complex in themselves (you can literally read about them in books) its the execution part that's hard and beyond an average persons reach think capital, permits to be a MM, access to exchanges at sub-millisecond latency, software engineers etc...
@@kashyap5551 Also the margins are small and based on either fulfilling market orders, or buying up the market orders to position yourself before it hits the tape. So either you have billions of capital at your disposal for small arbitrage movements, or you're paying millions in costs just to eek out a couple extra points advantage, either way it only profits at scale.
do you care about international diversification / what do you think about buying a world market cap weighted etf like vanguard. and what are some of the high beta etfs you invest in?
awesome vid man. could you make another one about culture in HFT for quants? specifically, how strict is it? how lax? are people like super "on job" when it's time to work, but love to goof around outside of work hours? i'm gearing up to start applying to quant soon, one of the things i think about is "should i cut my hair?". i'm an ethnic dude, my hair (when long) is often seen as unprofessional, literally just because it's not a white dude's hair lol. is this sort of environemnt something you see as common in quant?
Glad to see you're back and love the videos. Random investment thought but I think TLT and YINN are interesting ETF plays right now. YINN is obviously very high risk but you said you have an appetite for that :)
Learning to trade is the best thing I did. I just turned 18 and grew my small trading account a humble 160% in the first 6 months of this year. This is after losing my ass in 2023 though starting out. my investment portfolio is underperforming and red YTD
Wow, what a bulletproof strategy - “I buy ETFs that align with my risk profile, so I’m buying ETFs that score higher on that risk scale” … great & all👌🏻… but how do you do now of those 47 percents? 😅
Thank you for posting. Great results for the year. I have met a number of quants over the years and they believe the same things as you said. However, let's go a step deeper. You returned 47% in a year that NVDA has gone up over 3X (and your NVDA is up 7x from your buy point). You have index funds and some random under performing stocks. To be honest you are right that even such a poorly managed, poorly position sized account has beaten many other traders out there. But don't for a second think that you are exceptionally smart or skilled. Even within your own method, you have managed poorly. You yourself could benefit from going 100 percent market index funds. Your picks and position sizing is an indication of your skill level and understanding of the market as an imvestor. You maybe a great quant but by no means you are an exceptional investor or fund manager. Hope you take a second during those bathroom trading hours and come to your senses. Good luck!
Would love to hear a breakdown of cost of living/budgeting. I noticed at the end you said you invest about 15% of your paycheck, what else do you prioritize?
What do you mean by 'packing your hairs'? How do you prefer my hair? Haha. If you mean let it down, sometimes it's frizzy. I need to prepare it better before videos if I'm to have it down.
@@CodingJesus great video coding Jesus! do you think the power of buy-and-holding-stock-strategy will diminish along with the rise of the passive investing? In an interview of David Einhorn he basically says that due to the rise of passive investing, the undervalued stocks will not be going back up to its intrinsic value because a lot of the big stock buyers have turned passive and thus won't drive up the the stock price anymore. I'd love to know what's your thoughts about it!
By revealing how much you have lost on each, you revealed your position size on each and based on the number of digits and size of the black blur, the number of digits of the other positions can also be estimated.
Why do you benchmark your portfolio to the market? I guess it makes sense if those are your only two options, but don’t most quant strategies act as diversifiers to market returns?
My neighbor runs a large firm on Jackson. I work for a data analysis firm that’s on S Michigan Ave just around the corner. We handle analytics for forex and futures markets.
Coding Jesus what career should i pursue if I have high verbal Iq (130+) but really low performance iq (108) ? I work at a consultancy but fail many logic/numerical based tasks...
Since you invest 15% of your pay check are you constantly buying more of the same stocks are does it vary based on what you believe to be another good investment. I.e. you have 1000 in Russell your 15% is 500 do you put that whole 500 into Russell or 100 russell 100 spy 100 etsy 200 nvidia
he is not, he's hiding the truth, you can see the numbers here he forgot to hide everything + u can calculate based on his average price + losses + he says positions are around 10% Calculating from that, he has around 25k in this portfolio + 5k cash...30k..."I did 46%" he said lmao...yeah 46% on a 25k portfolio by just buying magnificent 7s and going tru the biggest bull market in the last decades...
Exactly, investing is better than trading. Many hedge funds don't get this too, they keep trading without holding for long term. Look at Warren Buffett, he holds long term and during his first 30 years he destroyed the S&P 500, obviously it's harder for him to keep up with the market considering that the bigger a company gets they slower they can grow relative to their rapid growth period.
If 15% of your paycheck goes to these stocks, does the remaining money you save go to index funds? What do you do with your other savings/retirement money?
this is a 25k portfolio calculating from the things he forgot to hide, he's lying (also 46% is gain not even his money he put in the portfolio). Hes not putting 15% of savings. Nowhere near.
@@daveanderson8348 u can literally see the numbers + calculate from numb of shares /loss/gain he mentions and u can calculate how many shares he has at what price. He has around 2500 dollars/position and he says each position is around 10% so I assume 25k + I see 4500 purchase power so free cash. Tot 30k portfolio. He has not been saving 10% for years, he lied.
he is trully smart person. i believe hes work on HFT firm. but he's not just risk seeker person. sometimes jobs stay at works. he just treat stock just as a hobby i guess and just doing risk premia harvesting stuff. just buy what his senior or friends doing basically
u beat the day traders not only that u even BEAT SP500 and most of the HEDGE FUNDS with that return. WOW AMAZING! i mean u most be the best trader or investor in your FIRM.
Since I know how difficult and resource intensive it is to run a quantitative trading operation and compete at that level (it’s a multi-person resource and time intensive business), I choose to keep it simple and stress-free.
You can have a buy and hold strategy rebalanced monthly and for me at least that isnt pretty intensive work while still outperforming the market. Just takes 5mins a month, can just enter and exit positions without caring about the market price at all. We gotta adapt no way I'm gonna compete with HTF firms for example😅 @@CodingJesus
he is a quant dev, not a trader, pretty sure he barely ever traded, and as far as i have seen this guy has taken the 99.5% statistic so far up his arse that pretty much never tried. bro is one of those person who reads a statistical data about how 99.5% startups fails, so he never does entrepreneurial ventures. im not saying everyone makes as trader or even beat the market but this guy is just soo risk averse about anything and is happy with his "Safe" avg life. sorry but statistics are mere averages. and bro is happy with being the average.
There is a lot of research about avoiding stock picking because in the long run you will under perform the market with high probability, is there a reason for this choice? Moreover is there a reason to be 100% exposed to America and nothing else?
What are you talking about 😅 robinhood is shite and every real investor uses a real brokerage. Even if you hold long term you shouldn’t use such a shitty brokerage.
Can we all at least agree that there is something very fishy about a supposed "expert" describing how he beats almost every other trader out there ---- when in fact in the video his lip movements do not even match the audio??? I trade very successfully, including daytrading, and I would not give 5 cents for the trading insights this guy offers.
@@iam8333 Sure does! I trade very successfully, including daytrading (which they all say everyone loses at), and I have not lowered myself to post ANY videos! I fully understand why conmen post trading videos, but I still cannot figure out why rich, highly profitable traders will post videos. They don't need the money or up-thumbs!
Anytime I have money, I invest. If I get my bonus, I put the bulk of it in all at once (lump sum). When it comes to paycheque, I put a percentage of it in (DCA).
So quantitative trading is just buying and holding stocks? Doesn’t sound like much of an edge. And I’m guessing you didn’t beat 99.5% of traders during 2022. There’s nothing wrong with buying and holding. It’s smart. But that’s no edge. 😂
Medium risk account got 42% and high risk account got 73% in one year. If you understand computer semiconductors and ML, it was an easy year to make money. I doubt I’ll be able to do it again next year. I haven’t found a new edge I understand yet.
Interesting.. I expected a fancy algo, written in Python and powered by machine learning.
i think that a fancy algo can be found on C++ in a firm that do HFT
That's exactly why I thought it was important to make this video, despite it being (potentially overly) simplistic and unexpected. People don't realize just how much time and effort goes into ones work in the world of quantitative trading. Firms literally have entire teams of 50+ people, each putting in 8 hours a day at least, to compete on a global stage against other firms that have virtually unlimited time, money, and resources to invest in squeezing out as much alpha as possible. Not only that, but each software engineer, as they develop in their careers, starts specializing in various subdomains of applications in the organization. You can be a software engineer that specializes in risk systems, which sit primarily in the pre-trade (risk mitigation) and post-trade (risk reporting, aggregation) phases of the trading process - in theory you can have 10+ years of experience as a software engineer in quantitative trading and never work on anything related to order-entry (strategies). I'm fortunate enough to have worked on many services spanning from order execution, to market data, to internal tooling, to risk systems, but that doesn't mean that I i) want to spend my time outside of work building these systems from scratch and ii) am arrogant enough to think that I can outpace firms who have dozens of employees working around the clock.
Questions like "Why don't you just be a one-man-band / implement quantitative strategies on your own" are rooted in ignorance. The more you know, and the more you work on critical systems in conjunction with other bright individuals, the more you understand just how futile it would be to compete on the same playing field as an individual. It's also important to note that, just as traders don't necessarily understand the code that runs behind the algorithms they control, so too do developers not necessarily have a detailed understanding of the model development, and trade execution that is involved in controlling the algorithms that they work on (to the point where they can simply replicate them, and iterate on them, outside of the workplace; neither do I think this is legal).
I'd personally rather pursue something simple and time-tested, knowing that over time I'll at most have a humble outperformance (and at worse, match the markets performance, which is still a feat that most hedge funds cannot achieve), than waste hours of my free time throwing money down the drain trying to compete with the titans of the industry. Smart people simplify, clumsy people 'complexify'.
This comment should be required reading for anyone who thinks algo trading at home will be consistently profitable longterm
@@CodingJesusI've been trying a "similar" strategy:-- an ETF sampler with "probabilistic risk"-->
say --> [META, MSFT, GOOG, PLTR]
now probability of sampling market = 0.75
probability of not sampling market = 0.25 (PLTR is risky but has low probability too)
We keep a pool of funds say $10 everyday to cost average across this probability distribution
And we can buy on Mondays and Sell any equities in Profit on Fri (for losses we'll keep them as unrealized loss aka "hold")
This yields a sharpe ratio of 10% on avg & is also non-deterministic. I published on quant connect too
Ultimately I call it probabilistic betting it's fun haha
why are you deleting my comment?
When you have a clearly intelligent HFT software engineer saying that he buys and holds ETFs, you know it’s not bullshit
Well one of the reasons is that if you work for an HFT you have to get your trades approved by compliance
@@SebastianCoetzee More importantly, it's because he knows the amount of focus and work needed to run that kind of an operation.
Right curving it. The high beta thing clicked for me when Lynn alden said, "the bigger you are the more access to credit you have" and we are in a fiat system. It seems to defy physics but bigger really does get bigger when the currency is soft. A lot of people struggle with this so we can just keep going with the trade and the middle curvers will take the other side of it.
Everyone is a genius in a bull market
Bingo
Exactly what i was thinking about
For people asking, if he did have an advanced custom trading algo, CZcams is the last place he'll post it
Most of profitable trading strategies that we work on are not profitable for retails who pay transaction fees and or are limited in terms of capital etc.
Where to look for it? Spill the beans
@@Amd107 Just look at Google Scholar mate, there is thousands.
@@Amd107 he doesnt have one
Interestingly enough, I am also on my phone watching this video while on the toilet. Touché.
Thanks for the video and for sharing the information, much appreciated 🙏
Why is this comment section full of bots? Show your all time portfolio performance. 1 year of data is nonsense.
He kinda lost me when he started talking about short-term alpha. The S&P has only done ~7% since Jan 2022. So what if you do 100% YTD if you were down 50% last year. That's just breaking even.
Using robinhood gave it away, stay away from bro.
dont need to see that based on his words. he sounds like the dude who randomly bought tesla early on a gut feeling, then uses that one performance to give his "investing genius" beating the market speech
Yeah that is pretty sussy for someone like him who clearly understands 1 year performance doesnt have enough data points
Yeah 1 year return only ,
No actual percentages shown on individual stock picks he chose,
Too much red flags for me
As an employee of a hedge or quant trading firm, how are you making these frequent trades? Aren’t you required to buy and hold for 90 days and get permission from your compliance dept before every personal trade? I am even surprised that Robinhood is an approved broker by your employer.
Ive got a question. I’ve been coding strategies for a little while now and my algo portfolio has just got a 2.7 sharpe ratio. I’m hitting about 3% per month (2004-2023 backtests). I just turned 20 and I don’t have any formal education about quant finance, just what I’ve taught myself at the local library. Would it be realistic to try to and get investors like a hedge fund, or should I just focus on improving my strategies and increasing my own capital.
Im beating the market this year by 6%. Not nearly as much as you but I’ve got a lot to learn
i hope you've been out of sample testing? the backtest period seems extremely wide
@@vibinpenguin7021 i had it do demo for 3 months and now I’m 5ish months into live trading. It’s pretty consistent
I am 19 and doing my degree in data science i also want to start developing my own algo can you please share some resources. Rn i just sell covered calls on my portfolio.
@@bilalshaikh6603 I just turned 20 a couple days ago and I’m a business major, everything I’ve learned is just from arriving at an issue, guessing and googling, and asking chat gpt 😂 I’m not the person to ask
Would love to know why did you pursue quant dev instead of quant trading, (if you have no problem answering).
I see most of your videos and you seem more interested by the trading side than the dev one.
Is it because it is way harder to get in? Or simply because dev is safer since it is more like a traditional job and there is wayy (way) more job abundance? Or because you prefer it maybe?
watch his earlier videos, he's smart. learnt C++ and landed a dev job working in quant's. With no disrespect to him but he's more like codes up the theory the quants tell him. He's not had any formal education in quant theory. They are not the same job. the pay and skill difference would be order of a magnitude
To be honest- this is super disappointing. I was expecting something interesting and sophisticated. The reality? Coding Jesus buys high beta stonks on robinhood. Maybe there is hope for me in quant trading after all...
Why don’t you try out some complex strategies that you’ve seen in the industry?
Its probably because they don't work at his account scale, nor does he have the execution speed. If he works at a HFT then they probably market make/take and you cant do that with little liquidity and retail brokerages. The "complex strategies" are not complex in themselves (you can literally read about them in books) its the execution part that's hard and beyond an average persons reach think capital, permits to be a MM, access to exchanges at sub-millisecond latency, software engineers etc...
@@kashyap5551 Also the margins are small and based on either fulfilling market orders, or buying up the market orders to position yourself before it hits the tape. So either you have billions of capital at your disposal for small arbitrage movements, or you're paying millions in costs just to eek out a couple extra points advantage, either way it only profits at scale.
Apparently there's only one person beating the market 😮😮😮😮
do you care about international diversification / what do you think about buying a world market cap weighted etf like vanguard. and what are some of the high beta etfs you invest in?
u have made a bunch of money off of high beta tech stocks during an extremely bullish period... whoopee
Why is no one talking about how fine he is? He's like model pretty
awesome vid man. could you make another one about culture in HFT for quants? specifically, how strict is it? how lax? are people like super "on job" when it's time to work, but love to goof around outside of work hours? i'm gearing up to start applying to quant soon, one of the things i think about is "should i cut my hair?". i'm an ethnic dude, my hair (when long) is often seen as unprofessional, literally just because it's not a white dude's hair lol. is this sort of environemnt something you see as common in quant?
Glad to see you're back and love the videos. Random investment thought but I think TLT and YINN are interesting ETF plays right now. YINN is obviously very high risk but you said you have an appetite for that :)
Awesome vid! Can you do a video on how you got ideas when you were picking stocks?
Very interesting video, thank you so much! All the best.
Learning to trade is the best thing I did. I just turned 18 and grew my small trading account a humble 160% in the first 6 months of this year. This is after losing my ass in 2023 though starting out. my investment portfolio is underperforming and red YTD
Wow, what a bulletproof strategy - “I buy ETFs that align with my risk profile, so I’m buying ETFs that score higher on that risk scale” … great & all👌🏻… but how do you do now of those 47 percents? 😅
this video is not at all showing how you beat day traders and the market. all you talked about was your personal risk and investment horizon
Thank you for posting. Great results for the year. I have met a number of quants over the years and they believe the same things as you said. However, let's go a step deeper. You returned 47% in a year that NVDA has gone up over 3X (and your NVDA is up 7x from your buy point). You have index funds and some random under performing stocks. To be honest you are right that even such a poorly managed, poorly position sized account has beaten many other traders out there. But don't for a second think that you are exceptionally smart or skilled. Even within your own method, you have managed poorly. You yourself could benefit from going 100 percent market index funds. Your picks and position sizing is an indication of your skill level and understanding of the market as an imvestor. You maybe a great quant but by no means you are an exceptional investor or fund manager. Hope you take a second during those bathroom trading hours and come to your senses. Good luck!
Beating the market index is very good these days
Do you invest in QQQ and if so how does it compare in your portfolio to VONG and VOO
Would love to hear a breakdown of cost of living/budgeting. I noticed at the end you said you invest about 15% of your paycheck, what else do you prioritize?
Impressive, but how does it hold in a bear market? That is a real test.
To be fair , the mkts do not (see 2000-2008) lead with high beta stocks - you are more lucky than good
When will you sell? Planning to hold for 30 years?
by working for HFT firm. salary is positive carry. your edge is in growing your salary
This… risk capital is a edge
1.5x/year is pretty good. How long until billionaire status?
Only 1year if you start with 666mil.
If you’re choosing high beta etfs then why are you using the market as a benchmark?
did you calculate your own alpha/beta for ETFs
Can you describe why you pick VONG over VGT, MGK, VUG ? and thank you
(why is NVDA price $924? Is that a typo or its not representing cost per share ? at 6:38 - )
This video was filmed before the stock split.
stop packing your hairs, we like the way you used to be. 💙
What do you mean by 'packing your hairs'? How do you prefer my hair? Haha. If you mean let it down, sometimes it's frizzy. I need to prepare it better before videos if I'm to have it down.
@@CodingJesus great video coding Jesus! do you think the power of buy-and-holding-stock-strategy will diminish along with the rise of the passive investing? In an interview of David Einhorn he basically says that due to the rise of passive investing, the undervalued stocks will not be going back up to its intrinsic value because a lot of the big stock buyers have turned passive and thus won't drive up the the stock price anymore. I'd love to know what's your thoughts about it!
@@CodingJesus yes, I meant you could let your hair down like you used to. It's totally up to you, but I think it gives a more relaxed vibe.
Can you make a video showing your CV... and your advice to build a good one
Robinhood is very interesting to use. Not saying it's necessarily a bad thing but it's definitely not great
Do you invest this in your ira account
By revealing how much you have lost on each, you revealed your position size on each and based on the number of digits and size of the black blur, the number of digits of the other positions can also be estimated.
Why do you benchmark your portfolio to the market? I guess it makes sense if those are your only two options, but don’t most quant strategies act as diversifiers to market returns?
You need a benchmark, and everything can be benchmarked to the market easily. It allows quick and direct comparisons.
why don't you sell out of all the small positions and put them in etfs?
Glad to hear you’re in Chicago. I think some of the best trading firms are here.
All the best trading firms are in Chicago. At least in terms of market making
My neighbor runs a large firm on Jackson. I work for a data analysis firm that’s on S Michigan Ave just around the corner. We handle analytics for forex and futures markets.
@@mattportnoyTLV Iam learning forex. And neww do u find anything that is algorithm and sl hunting
i was loosing money 2 years and then became profitable in 2 days with big big luck. all in one stock, one smaller position yet in one another.
Nvidia?
What is your maximum Drawdown ?
Coding Jesus what career should i pursue if I have high verbal Iq (130+) but really low performance iq (108) ? I work at a consultancy but fail many logic/numerical based tasks...
Ay, that's me too. 😅
Robinhood is bad for validating returns. If I invest $1000, and go up 20% to $1200, then withdraw $600, it will show 200% returns.
No it won’t. LOL
Yes it will. My account shows 1,108% returns simply bc I made a withdrawal. LOL
@CodingJesus Do you not own any crypto ?
Can you explain alpha & underperformance again?
😆
Chicago huh? Chicago in the house.
you got rid of the steve jobs glasses you are no longer a quant. just joking
I use both. My glasses portfolio is diversified.
Stocks went up: Im such a genius, I so great, Such smart
Stocks went down: That's weird... Dont know what happened... huh
Since you invest 15% of your pay check are you constantly buying more of the same stocks are does it vary based on what you believe to be another good investment. I.e. you have 1000 in Russell your 15% is 500 do you put that whole 500 into Russell or 100 russell 100 spy 100 etsy 200 nvidia
he is not, he's hiding the truth, you can see the numbers here he forgot to hide everything + u can calculate based on his average price + losses + he says positions are around 10%
Calculating from that, he has around 25k in this portfolio + 5k cash...30k..."I did 46%" he said lmao...yeah 46% on a 25k portfolio by just buying magnificent 7s and going tru the biggest bull market in the last decades...
Where u stay in Chicago??? Im on da southside
whats your exit strategy?
How you whitened your skin?
where's the strategy tho?
Exactly, investing is better than trading. Many hedge funds don't get this too, they keep trading without holding for long term. Look at Warren Buffett, he holds long term and during his first 30 years he destroyed the S&P 500, obviously it's harder for him to keep up with the market considering that the bigger a company gets they slower they can grow relative to their rapid growth period.
If 15% of your paycheck goes to these stocks, does the remaining money you save go to index funds? What do you do with your other savings/retirement money?
this is a 25k portfolio calculating from the things he forgot to hide, he's lying (also 46% is gain not even his money he put in the portfolio). Hes not putting 15% of savings. Nowhere near.
@@freedomordeath89 How do you know all these things? Or are you just saying it to impress? 😀
@@daveanderson8348 years of trading experience
@@daveanderson8348 u can literally see the numbers + calculate from numb of shares /loss/gain he mentions and u can calculate how many shares he has at what price. He has around 2500 dollars/position and he says each position is around 10% so I assume 25k + I see 4500 purchase power so free cash. Tot 30k portfolio. He has not been saving 10% for years, he lied.
he is trully smart person. i believe hes work on HFT firm. but he's not just risk seeker person. sometimes jobs stay at works.
he just treat stock just as a hobby i guess and just doing risk premia harvesting stuff. just buy what his senior or friends doing basically
Bunch of bullshit talk... Real traders show their qty size and profit P&L.
u beat the day traders not only that u even BEAT SP500 and most of the HEDGE FUNDS with that return. WOW AMAZING! i mean u most be the best trader or investor in your FIRM.
Coding Jesus using robinhood is kind of sus
Considering the growth in the crypto market, do you see a future for crypto quants? Would you use your quant skills in this field?
I felt like I watched a teaser man ngl. Get into the meat🥩
Can you make video on HFT Arbitrage & Microwave.
Is your strategy P/E Growth?
you look younger without beard!
You've got all this quant knowldge and you trade like a newbie, what gives?
Since I know how difficult and resource intensive it is to run a quantitative trading operation and compete at that level (it’s a multi-person resource and time intensive business), I choose to keep it simple and stress-free.
You can have a buy and hold strategy rebalanced monthly and for me at least that isnt pretty intensive work while still outperforming the market.
Just takes 5mins a month, can just enter and exit positions without caring about the market price at all.
We gotta adapt no way I'm gonna compete with HTF firms for example😅 @@CodingJesus
he is a quant dev, not a trader, pretty sure he barely ever traded, and as far as i have seen this guy has taken the 99.5% statistic so far up his arse that pretty much never tried. bro is one of those person who reads a statistical data about how 99.5% startups fails, so he never does entrepreneurial ventures. im not saying everyone makes as trader or even beat the market but this guy is just soo risk averse about anything and is happy with his "Safe" avg life. sorry but statistics are mere averages. and bro is happy with being the average.
@@yashrc2002 idt he has an average life at all lol
i glad i find you
How do you explain Qullamaggie
so if i made 10x my port ytd then i'm the best or what
if you do it for 10 years in a row maybe
@@mkay1388 o not consistently
There is a lot of research about avoiding stock picking because in the long run you will under perform the market with high probability, is there a reason for this choice? Moreover is there a reason to be 100% exposed to America and nothing else?
ofc expected in a bull market. day traders make money in bear markets
No taking profits till 40-50 years old? 😶
What are you talking about 😅 robinhood is shite and every real investor uses a real brokerage. Even if you hold long term you shouldn’t use such a shitty brokerage.
Gotta respect the beta
Can we all at least agree that there is something very fishy about a supposed "expert" describing how he beats almost every other trader out there ---- when in fact in the video his lip movements do not even match the audio??? I trade very successfully, including daytrading, and I would not give 5 cents for the trading insights this guy offers.
Something about him seems off
@@iam8333 Sure does! I trade very successfully, including daytrading (which they all say everyone loses at), and I have not lowered myself to post ANY videos! I fully understand why conmen post trading videos, but I still cannot figure out why rich, highly profitable traders will post videos. They don't need the money or up-thumbs!
what about ibkr?
do you lump sum or dca etf buys
Anytime I have money, I invest. If I get my bonus, I put the bulk of it in all at once (lump sum). When it comes to paycheque, I put a percentage of it in (DCA).
Only 15% of your pay cheque gets invested? That seems extremely low especially for someone who should be making alot. Is the rest expenses?
No, different portions go to different assets. Crypto, eccetera
@@CodingJesus can u make ur crypto video again like how to choose a project I know you had the video but i think it got deleted or maybe privated
@@Nuns341 you will never make it in crypto if you think the project matters 😂
@@user-ob7tm6vi4e lol Sol mattered and i missed it
wise words honestly @@user-ob7tm6vi4e
Coinbase? That one is questionable
bruh are you jewish? you from israel?
And the real Jesus was BLACK! Or BROWN and YES IT MATTERS!
my boy used to do uber eats hit a 300x he easy sweeps u sorry brah lever up
my toddler found a $100 note he easy sweeps you brah start crawling everywhere
@@mkay1388 on my hands and knees rn i will not turn down alpha if i can find it
What’s your sharpe, scortino and IR ratios?
His Sharpe ratio = NVDA + Market
🔥
Dude, don't put numbers in brackets ... that is the universal sign of a LOSS.
.
LOLZ
Rear delt flys plz don’t block me
By making 0.0001% of profit you beat 95% of daytraders
😂
how do you feel about Tesla
So quantitative trading is just buying and holding stocks? Doesn’t sound like much of an edge. And I’m guessing you didn’t beat 99.5% of traders during 2022. There’s nothing wrong with buying and holding. It’s smart. But that’s no edge. 😂
Where did you get the idea that this is quantitative trading?
Nice, VOO
Do you recommend any robo-advisors?
no its a scam
Medium risk account got 42% and high risk account got 73% in one year. If you understand computer semiconductors and ML, it was an easy year to make money. I doubt I’ll be able to do it again next year. I haven’t found a new edge I understand yet.
aaand u lost it all in a week
Bro doesn’t has either Berkshir Hathaway nor Tesla
you wanted them 10 years ago, not so much now
Just sell out of nvidia and realise those gains.
Wait what about the ICT strategy?
I make 30x-50x with crypto. Stay broke.
How old are you?
Guess
@@CodingJesus 28
@@davidc4408Thats right
@@CodingJesus good guess. Just out of interest, what do you consider enough to be financially free before 40 or 45. $5m. $10m. $30m plus?