S&P500 DOESN't return 10% a year. If you factor inflation and perform a proper weighted line across its logarithmic chart, then calculate slope and then SUBSTRACT INFLATION, you find that S&P500 only returns little over 3% a year, and you also have to live with the fluctuations which mean you can have 5-10 years of negative returns.
To my eyes, Jim Simons is not a "day trader" he's a brilliant mathematician and statistician. Moreover, almost nobody can replicate what he does whereas value investing is open to virtually everyone. Really good video as always!
Thanks for watching. For support on investment purposes, trading tips, guidance on DOGE, ETF, ETC, BTC, CAD, ADA*** T*E*X*T•••M*E•••As soon as possible👍
you dont need to be a brilliant mathematician to make money day trading........... do you need to be a brilliant mathematician to make 24billion probably to make 10million probably not.. stay humble.
In 2016 I went to a topology and geometry conference where I met Simons. He actually gave a talk about his whole life. If I recall correctly, he said he went to Berkeley where he solved a famous open geometry problem. Then after his PhD he lost his passion for research in topology and started cracking codes for the CIA. A couple of years in he was fired and that started day trading. He said he day traded for a year or 2 and made good money. He acknowledged that most of his profits where really due to lucky and then noticed that the market has a sort of structure to it. So he called up a bunch of brilliant people he knew and started applying statistics and probability theory to gain a hedge in the market. Bam the first quant fund was born. He is honestly fuckin brilliant. This man has a whole theory behind that studies vector bundles over manifolds called chern-Simons theory. None the less when your really smart you can do what ever you want. Haha
Learning the secret behind forex trading can make anyone a millionaire. I became a millionaire after learning how to trade forex using the secret strategy and signals. I made huge withdrawal today.
Indeed! I've watched the meetings from 1993-2020, there's nothing there. Read most of the annual reports from 1965-2021, nothing these. Then all of a sudden! 😂
@@TheSwedishInvestor which goes to show you that a wise person will effectively acknowledge a 'wronged' preconceived idea; even against their own egos, even though they know they could never replicate the actual process themselves. That is wisdom in action...
Jim Simons is a super-genius. His moneymaking method is hard to replicate. Buffett and Munger are smart too but they use a money-making model that can be replicated by more people.
You think it can be replicated by more people. But it can't. What Buffet did look simple in retrospect. A lot of brillant things look deceiptfully simple.
There are other aglorithmic traders out there that are very very Smart but dont actually use any econometrics. Inner circle trader for example is a very Smart guy that anticipates forex Market moves by noticing patterns that indicate such moves. He is truly a brilliant guy and I recommend looking him up. There are a lot of fake comments out here, mine ain’t one
Kind of off-topic, but I appreciate how CZcamsrs provide information with pictures and animations it helps me grasp concepts 10x faster than I would if you tried to just tell me. I've learned more in a couple months than 4 years in high school. This is definitely the new and best wave of learning.
@@HH-le1vi I've made more money in Q1 of 21 than I ever have. What kinda nonsense are you talking about? I don't know a single person who has bought any amount of "meme stocks" and actually lost money, except for those that bought near the peak in January; most of them have now made money also from averaging down. GTFO.
@@DrQuaid if investing in meme stocks is your strategy than you don't have any real strategy for long term growth. There's no fundamentals in meme stocks. It's all yoloing like idiots
I have always thought that the only reason why this day trading patterns seem to work is because the whole lot of day traders point them out at the same time and move the market in that direction, it makes sense to me that a far more clever day trader would end up taking the profits from them.
Yes and no. Day traders are often trading with the market, on a stock that is prime for day trading. What I mean is the stock is moving bullish, and also has the volume, news, etc. To make it good enough for a day trade. When day trading you're looking for one of the strongest, easiest moves. You're not gonna overpower day traders and the rest of the bullish market.
Yes I agree! I believe 80% of all stocks bought and sold are done by computers. I think they’re all coded in a similar enough way it’s just that some are faster than others. The “patterns” are caused by how those algorithms follow similar patterns.
Honestly everyone has their own perception so let others tell you what they think and move on ^^^ everyone is correct to themselves it’s like looking at a number thinking its one and not the other
@@skylergabriele6445day traders and bargain investors ARE the market. The elite simply know exactly what you’ll trade and bet AGAINST it. You’ll never fucking win. Don’t forget that.
Quite apart from the algorithms, technical analysis, and mountains of data mentioned in this video to explain the workings of Simon's hedge fund, we might also note that he had acquired substantial capital (his own and that of other people) in launching Medallion. He didn't build this track record starting with a $25,000 brokerage account.
Hey man, I definitely love your videos! I think I've watched almost all of them. It was a pleasant surprise that this video was about the book I'm currently reading. I share the same key takeaway from it. Trading is not something we can do at home. hahaha Cheers!
Hey Cauê Nouér! Cheers for the support, I appreciate it! No, it seems that strategies which are too easily "quantifiable" are better left to the computers in my opinion too.
His fund is not limited to algo only. In algo trading you only automate the process, that's it. His fund uses a tons of strategies to model asset prices, look for consistent patterns using machine learning and also uses high frequency trading. So its a full fledged tech company.
Trading and investing are two fundamentally different activities, and they should never be confused for one another. Investing is the practice of purchasing and owning value generators (i.e. things that are going to give you a return over time). Trading is the practice of taking advantage of the market, essentially buying things in low demand to sell them in high demand. There's some overlap between them, in the fact that when you invest you don't want to overpay, and when you're trading assets their demand is usually going to be correlated with their potential for return as an investment. But otherwise, you need to approach the two activities with two completely separate mindsets. What will work for one, will almost certainly not work for the other.
thanks so much for this video.... i’ve never traded in my life, and recently, i was thinking about beginning, and to begin, just play with tiny trades, just to have a good workflow / set up / etc.... and though i thought about this, i’ve never really got to trying any of that stuff... though i was so enticed to try crypto (a whole ‘nother level of non-sense..) i always intuited the main idea behind this video to be true, especially now in 2021, that: machines are far superior than any human at that sort of crazy statistical / mathematical “day trading” (and leverage?) stuff... but machines suck at predicting politics, cultures, societies: the future, as well as a human can. Only a human can write a history book, or a futurist book... not a machine.. for now! (if neuro-link can assist people to read quickly and grasp ideas quickly though... we might be screwed.. :p)
Thank you for the video summary. I read “Flash Crash” by Liam Vaughan and what struck me about Navinder Singh Sarao, was the numbers / profits he was putting up day trading and swing trading (seemed like he was making more money scalping) Let’s face it, most of us will take the easy way of investing in dividend paying or value stocks, or index funds and try and become like Ronald Read in Vermont who amassed a USD 8 million fortune or like Sylvia Bloom who did the same. However, what i have learned from reading warran buffets biography is that even he used to day trade early in life. It’s a great way to start your investing career and get your kids hooked onto saving and investing. Keep up the good work Swedish investor. Nice vids.
Thank you for this video . At least now I know to who I have lost my money 😂. However you forgot a detail : the unhedged CFD platforms keep the money using the others daytrading computers !
Jim Simons day trader? he, as a mathematician, does not have any idea how day trading work. he is a hedge fund he is not a trader. have you ever heard of Takashi Kotegawa? check it if you want, day traders are the nightmare of JIm simons and Warren Buffett because they are the only one that make profit from their portafolio
@@mauromejias8840 jim simons isnt a day trader, correct. However, day traders arent the nightmare of jim simons, day traders give him money (overall) not lose him money. How? Well is it explained in this video, but i'll go a bit further. The automated models he uses are day trading models. These models are automated and make him money. How? Well by exploiting the behaviour of day traders. While jim simons himself may not understand day trading, his ai does.
Your videos are great but at 3:27 many people would assert that yes the medium does matter. Nevertheless your summaries are great previews for many of the books - then when I look into the books there is so much more to learn though and it has a greater impact on the mind when you read the lines yourself.
This video will save a lot of people (retail investors) a lot of money if they can grasp what’s been said. Unfortunately learned this the hard way. Settling for average returns from index funds will beat most investors, most of the time.
yep you always hear about the guy who risked his life savings and became a millionaire but you never hear about the people that got wiped out. and the ratio is at least 10-1 wiped out to millionaire.
Or just set a stop loss for every trade? If you have a bunch of open positions on generally good stocks your gain ratio should drastically outnumber your loss. Pertaining you play the trend and take profit.
@@immaculatesquid Keeping all your savings in cash is warranting your liquid assets a definite loss to inflation. In the long term, the stock market is expected to outperform the inflation rate. This means that some of the money you have saved should be invested in the stock market.
@@immaculatesquid if you really wanna to become a millionaire, you have to engage the idea of investing in stocks in other to increase your investment portfolio
Markets can be exploited both short and long-term if being done correctly. Short-term is potentially more beneficial as is shown by Simons and his group but requires much more effort to do so and tends to be more risky for those who fail. Yet again, Simon's achievement is extraordinary as it is the living proof that in principle market exploitation on the short-term is possible in consistent fashion over several decades. Unfortunately, it isn't repeatable for the ordinary investor and even for the vast majority of institutional investors. What's being left for normal investors is to focus on the long-term side of the market, even though performances won't be that high.
to add a very important point that Simons is very good at, he probably learned from his codebreaker-time: keeping confidential things secret. Otherwise much more of what/how
Simons must have been a fast driver. 04:10. Berkeley, in the Bay Area is 5-6 hours away from LA, where the supposed Merrill Lynch's office that Simons would have to come in by 6:30 PST to catch the 8:30 CST Chicago opening. Maybe "early" means starting to drive around midnight.
Great video! Can you make a summary of the book: The Margin of Safety, by Seth Klarman. It would be really helpful because a lot of people cant afford it.
@@ShaferOh2 no matter the size of your capital in trading or investing, losses are going to be inevitable, particularly in the high volatile market most especially stocks and crypto
Hey, saw Can't Hurt Me in your list of books and i just finished it and absolutely loved every second of it. Do you have any good book recommendations? (other than the investing ones you did a video about before). Thank you!
Highly recomend The Inteligent Investor (Benjamin Graham) Margin of safety (Seth Klarman) The four pillars of investings(Bernstein) i also read some Buffet's letter to shareholder And some John C Bogle book which you can look up on the internet
"Medallion cannot 'steal' from Index investors" Not true. Index funds still trade regularly to satisfy redemptions and rebalance to keep up with whichever index they track. This is why even adjusting for fees index funds don't keep up perfectly with their target index. And even if they did, investors and funds still trade to regularly adjust their portfolios. So long as any kind of trading takes place, arbitrage is possible. I guess it's true in the sense that it's not "stealing" but simply the cost of having liquidity on tap.
I already know abour multiple linear regression model. I leaned to use it in a valuation class for pricing stocks. The professor who teaches it is very good.
medallion employees: boss, we need more youtube gurus selling online courses to noobs on how to trade stock market. then, we will beat the hell out of them! quant traders vs noobs armored with candle stick patterns 🥺
Calling Jim Simons a day trader is misleading. He runs a company full of highly-qualified scientists who program computers to automatically trade; that's VERY different from what day traders do.
Eh, trading is trading. Your average day trader COULD make his own algo, it just wouldn’t be as good. As long as your money is in on it, trading is trading regardless if you’re calling the shots or letting a bot do it for you
Day Trading is definitely a real thing if you trade indices, I'm not rich by any means but I've been day trading for a little over & already cleared six figures, I have friends who have made millions off of day trading and been consistent for 5-7 years. Right now though, it's definitely changed over the past 7-8 months because a lot of people are trading based on strange factors & not necessarily fundamentals. Crypto, Twitter & Elon Musk instantly comes to mind.
@The Swedish investor No not really, I don’t trade everything when it comes to day trading, only Ger30, US30 & HK50 and I’ve become very familiar with how they move and work. I literally only trade those 3 indices in terms of day trading. Morning sessions US & Ger30 7:00am onwards (because I’m in London) and around 1:30am HK50
You can’t drive from Boston to Buenos Aires, I highly doubt they even got as far as Bogotá. This would mean they crossed the Darien Gap which would be extremely impressive although unlikely.
I wonder what was the annual financial statement of this company looking like when given to the NRA? Between 365 000 000 and 1 095 000 000 trades!!! Also why were the taxes like 40%?
I have been watching your videos for long time...Your videos are value for time..I also want to make the same kind of videos if you are kind enough to help me with how I can do such videos especially the animations ..?
Given Soros belief on size in positions, I find it doubtful that some kind of influence or sway in trading isn't also incorporated in Medallion.Trading to affect trades and then trading affected trades is a whole sphere.They analyze patterns, but by participation they themselves cause ripples, which they, being dutiful STEM prodigies, must doubtless incorporate into their models.
In my opinion, humans are still better at predicting even if, by intuition, machines need data in comparison it's with that, Learning algorithms need input from sources either related or unrelated as for biased correlations. But as intriguing part improvements for selections have been greatly advanced.
Warren Buffett’s 25 Most Important Investments Ever (RANKED): czcams.com/video/jMuX_-hE7SQ/video.html
I'm new to this Bitcoin trading, how do I get started with a professional expert
Any specific guide
That's the gain of starting early that warren buffet got.
S&P500 DOESN't return 10% a year. If you factor inflation and perform a proper weighted line across its logarithmic chart, then calculate slope and then SUBSTRACT INFLATION, you find that S&P500 only returns little over 3% a year, and you also have to live with the fluctuations which mean you can have 5-10 years of negative returns.
To my eyes, Jim Simons is not a "day trader" he's a brilliant mathematician and statistician. Moreover, almost nobody can replicate what he does whereas value investing is open to virtually everyone. Really good video as always!
He is a String Theorist
@@destruction8192 0 relevance xD
What did he do?
The way trading is so diversified their is need for a guidance from a pro broker to avoid making losses higher than your profit.
SELF TRADING IS TOO RISKY IF YOU DON'T HAVE THE KNOWLEDGE AND STRATEGIES ON HOW TO TRADE AND READ MARGINS.
so basically a bunch of math PHD's figured out how to print a money printer, then they got bored and made a bigger one!
Thanks for watching. For support on investment purposes, trading tips, guidance on DOGE, ETF, ETC, BTC, CAD, ADA***
T*E*X*T•••M*E•••As soon as possible👍
Hollywood mathematicians: Live and die lonely and neurotic and sad and broke.
Simons: Hold My Billions
@The Swedish investor scammer
"Hold my billions" said no billionaire ever
Rich, yes. The rest is true
*Hold my medallion
What the heck are Hollywood mathematicians
The thing about Jim Simon is that he is a brilliant mathematicians whereas most people doing day trading is not brilliant mathematicians
you dont need to be a brilliant mathematician to make money day trading........... do you need to be a brilliant mathematician to make 24billion probably to make 10million probably not.. stay humble.
Are not*
most day traders cannot even figure out college algebra
You have to be brilliant to be able to predict the crypto market.
@@gregaustin6067 No wonder my mentor EXP Mrs Lisa kadek is very good at her work cause she's very brilliant,🤔
In 2016 I went to a topology and geometry conference where I met Simons. He actually gave a talk about his whole life. If I recall correctly, he said he went to Berkeley where he solved a famous open geometry problem. Then after his PhD he lost his passion for research in topology and started cracking codes for the CIA. A couple of years in he was fired and that started day trading. He said he day traded for a year or 2 and made good money. He acknowledged that most of his profits where really due to lucky and then noticed that the market has a sort of structure to it. So he called up a bunch of brilliant people he knew and started applying statistics and probability theory to gain a hedge in the market. Bam the first quant fund was born. He is honestly fuckin brilliant. This man has a whole theory behind that studies vector bundles over manifolds called chern-Simons theory. None the less when your really smart you can do what ever you want. Haha
omfg hes like a fucking megamind, im so impressed. We'll probably never even conceive what its like to be that fucking brilliant
Learning the secret behind forex trading can make anyone a millionaire. I became a millionaire after learning how to trade forex using the secret strategy and signals.
I made huge withdrawal today.
@@christianwilliams1715 clarke kent mate
I recalled the exact same thing on my trip to wikipedia
Chern-Simons is one of the most cited academic papers ever
I watched the annual meeting and this is the first time I have heard Warren and Charlie say anything positive about a short-term trader.
Indeed! I've watched the meetings from 1993-2020, there's nothing there. Read most of the annual reports from 1965-2021, nothing these. Then all of a sudden! 😂
@@TheSwedishInvestor which goes to show you that a wise person will effectively acknowledge a 'wronged' preconceived idea; even against their own egos, even though they know they could never replicate the actual process themselves. That is wisdom in action...
Next time someone says "why should I learn math?" I will give this video to them
"in the form of an NFT"
@The Swedish investor scammer gtfoh
its the language of nature
You can't do this by just learning math at school. These are people with PhDs.
And being a genius. Holding a math phd by 23! Knowing alone that people like this exist makes me feel inadequate.
Jim Simons is a super-genius. His moneymaking method is hard to replicate.
Buffett and Munger are smart too but they use a money-making model that can be replicated by more people.
This is fake
Reply
You think it can be replicated by more people. But it can't. What Buffet did look simple in retrospect. A lot of brillant things look deceiptfully simple.
There are other aglorithmic traders out there that are very very Smart but dont actually use any econometrics. Inner circle trader for example is a very Smart guy that anticipates forex Market moves by noticing patterns that indicate such moves. He is truly a brilliant guy and I recommend looking him up. There are a lot of fake comments out here, mine ain’t one
Kind of off-topic, but I appreciate how CZcamsrs provide information with pictures and animations it helps me grasp concepts 10x faster than I would if you tried to just tell me. I've learned more in a couple months than 4 years in high school. This is definitely the new and best wave of learning.
Appreciate for your feedback! And thanks for watching for more info.
Textme@
+1 (762) 250-7643
Maybe you just think you've learned more because there's no test in the end to show if you actually did learn more.
Medallion fund must be making a ton of money atm because there has never been as much day trader noobs.
Yeah... The scam bots are out in full force the past year or so. Alot of newbies getting wrekt
A lot of idiots investing in meme stock too. They don't know what the hell they're doing. Then they wonder why they lose so much money.
@@HH-le1vi I've made more money in Q1 of 21 than I ever have. What kinda nonsense are you talking about? I don't know a single person who has bought any amount of "meme stocks" and actually lost money, except for those that bought near the peak in January; most of them have now made money also from averaging down.
GTFO.
Arrogance is ugly. Everyone is a noob at one point.
@@DrQuaid if investing in meme stocks is your strategy than you don't have any real strategy for long term growth. There's no fundamentals in meme stocks. It's all yoloing like idiots
Very well done. The content is exceptional, the flow of information is on point and the graphics are exceptionally creative
I have always thought that the only reason why this day trading patterns seem to work is because the whole lot of day traders point them out at the same time and move the market in that direction, it makes sense to me that a far more clever day trader would end up taking the profits from them.
Yes and no. Day traders are often trading with the market, on a stock that is prime for day trading. What I mean is the stock is moving bullish, and also has the volume, news, etc. To make it good enough for a day trade. When day trading you're looking for one of the strongest, easiest moves. You're not gonna overpower day traders and the rest of the bullish market.
Small and retail traders won't move the market if they did it will be tiny , big players are the one responsible for moving it
Yes I agree! I believe 80% of all stocks bought and sold are done by computers. I think they’re all coded in a similar enough way it’s just that some are faster than others. The “patterns” are caused by how those algorithms follow similar patterns.
Honestly everyone has their own perception so let others tell you what they think and move on ^^^ everyone is correct to themselves it’s like looking at a number thinking its one and not the other
@@skylergabriele6445day traders and bargain investors ARE the market. The elite simply know exactly what you’ll trade and bet AGAINST it. You’ll never fucking win. Don’t forget that.
Summary: Medallion is closed to outside money. They use a complex math model (AI) to earn money from short term trades.
ok so i guess i donated 5k to their firm lmao
Did you benefit at all
Dm🖕
@@krinka1458 he meant he have lost 5k while he's doing trading
Yeah right. Might as well give them my money now. I shouldn't even try now. You can definitely tell what's philosophy
Dude use a Buy limit order !!
Quite apart from the algorithms, technical analysis, and mountains of data mentioned in this video to explain the workings of Simon's hedge fund, we might also note that he had acquired substantial capital (his own and that of other people) in launching Medallion. He didn't build this track record starting with a $25,000 brokerage account.
Thanks for an interesting video and confirming why I'm a index tracker / value based investor.
He is still one of the most intelligent man on earth.
His mathematical discoveries are been used now
Love how you bring each topic with easy drawing to understand. Thank you so much for that! Love your videos
He's NEVER been a day trader!!!
He used mathematical models created by him to make software that trades for him
Is this true?
@@brittanymillerry2327
🤦♂️
Did you even did research on the guy?
@@justicewarrior9187 No, hence why she's asking you.
@@brittanymillerry2327 yes
Great video!
Now i'm feeling happier that my phd main subject is markov chains 🙂
He's not a day trader... He's a quant
Quantitative is just a fancy word for technical
@@user-pk7fd9re1f
lol
@@pdorism it's not
@@pdorism w-w-what kind of shitfuckery is that analogy?
Quant is day trading technically
Nice work on this video, earned a sub!
Hey man, I definitely love your videos! I think I've watched almost all of them.
It was a pleasant surprise that this video was about the book I'm currently reading.
I share the same key takeaway from it. Trading is not something we can do at home. hahaha
Cheers!
Hey Cauê Nouér! Cheers for the support, I appreciate it! No, it seems that strategies which are too easily "quantifiable" are better left to the computers in my opinion too.
We appreciate the digest on the Simons book. Much obliged. Please keep up the good work, Skol!
5. Don't try this at home: in the meanwhile I am building by own Algo
Wanna share?
I think it's fine. Simons had to start somewhere too. Just bet small to start.
Believe in yourself, they should never tell us what we should or shouldn’t try.
His fund is not limited to algo only. In algo trading you only automate the process, that's it. His fund uses a tons of strategies to model asset prices, look for consistent patterns using machine learning and also uses high frequency trading. So its a full fledged tech company.
That's what I am trying to do. But I need real time data
Trading and investing are two fundamentally different activities, and they should never be confused for one another. Investing is the practice of purchasing and owning value generators (i.e. things that are going to give you a return over time). Trading is the practice of taking advantage of the market, essentially buying things in low demand to sell them in high demand. There's some overlap between them, in the fact that when you invest you don't want to overpay, and when you're trading assets their demand is usually going to be correlated with their potential for return as an investment. But otherwise, you need to approach the two activities with two completely separate mindsets. What will work for one, will almost certainly not work for the other.
Trading can also be described as buying at whole prices and selling at retail prices.
thanks so much for this video....
i’ve never traded in my life, and recently, i was thinking about beginning, and to begin, just play with tiny trades, just to have a good workflow / set up / etc.... and though i thought about this, i’ve never really got to trying any of that stuff... though i was so enticed to try crypto (a whole ‘nother level of non-sense..)
i always intuited the main idea behind this video to be true, especially now in 2021, that: machines are far superior than any human at that sort of crazy statistical / mathematical “day trading” (and leverage?) stuff... but machines suck at predicting politics, cultures, societies: the future, as well as a human can. Only a human can write a history book, or a futurist book... not a machine..
for now! (if neuro-link can assist people to read quickly and grasp ideas quickly though... we might be screwed.. :p)
Appreciate for your feedback! And thanks for watching for more info.
Textme@
+1 (762) 250-7643
Never heard of GPT-3, I guess..
Fantastic video ~ very interesting. Thank you! I enjoy all your videos.
Thank you for watching, endeavor to write as soon as for more info and tips 👇
*+#1#6#6#9#3#0#2#1#2#8#8*
*Whatsapp*
This was an incredible video. Deepest thank-you for all of your work. We've gained immensely because of this video.
Appreciate for your feedback! And thanks for watching for more info.
Textme@
+1 (762) 250-7643
Love your videos man. They are alway high quality
Glad to hear that you enjoy them Calvin Fernandez! Cheers! 🙌
Completely agree! Quality!
@@TheSwedishInvestor omggg I was literally waiting for this video since a week and you uploaded it, wowww!!! Thank youuuu ❤️
Thank you for the video summary. I read “Flash Crash” by Liam Vaughan and what struck me about Navinder Singh Sarao, was the numbers / profits he was putting up day trading and swing trading (seemed like he was making more money scalping) Let’s face it, most of us will take the easy way of investing in dividend paying or value stocks, or index funds and try and become like Ronald Read in Vermont who amassed a USD 8 million fortune or like Sylvia Bloom who did the same. However, what i have learned from reading warran buffets biography is that even he used to day trade early in life. It’s a great way to start your investing career and get your kids hooked onto saving and investing. Keep up the good work Swedish investor. Nice vids.
Drawing trendlines on a head and shoulders pattern 🤣
Obviously, Jim Simons does not believe in astrology, man... "Head and shoulders" has nothing to do with mathematics or anything scientific.
I can't say how much this channel means to me 👍 binged the hell out of the vids and got some great book suggestions that I'm reading.
Thanks as always
I'm flattered! Very thankful for the support Phil Curtis, cheers! 🙌
Your contents world class mate, shout-out from South Africa
Thank you for watching, endeavor to write as soon as for more info and tips 👇
*+#1#6#6#9#3#0#2#1#2#8#8*
*Whatsapp*
Not a Day Trader, the fund was an Arbitrage trading firm there’s a difference there
Medallion is the liquidity provider and is taking money from all those who are active in the markets. They are the bookies of the markets.
Thank you for this video . At least now I know to who I have lost my money 😂. However you forgot a detail : the unhedged CFD platforms keep the money using the others daytrading computers !
Expërt Cryptö
W\H\A\T\S\A\P\P
+ 1 =9 =5= 4= 8= 9= 0= 9 =4 =5= 2
I\N\V\E\S\T\I\N\B\T\C\A\N\D\E\T\H\.
fresh haircut bro
If all traders would stop trading because of this video, Renaissance wouldnt make money anymore! ^^
Expërt Cryptö
W\H\A\T\S\A\P\P
+ 1 =9 =5= 4= 8= 9= 0= 9 =4 =5= 2
I\N\V\E\S\T\I\N\B\T\C\A\N\D\E\T\H\.
Human nature dictates trading will never cease.
That was very informative, thank you for all explanations!
Well I’m going to try and use Neural Networks to do the same as him with at least some of my portfolio. I think the risk is worth it.
Investing today is priceless because tomorrow isn't promised, trading bitcoin, gold, silver or any other crypto secure a better tomorrow.
Wow I'm just shocked some one mentioned expert Mrs Lucy Baldwins name i thought I'm the only one trading with her
She helped me recover what i lost trying to trade my self
Yes I'm also a living testimony of Expert Mrs Lucy Baldwin
Mrs Lucy Baldwin is obviously the best, I invested $7000 and she made profit of $28000 for me just in 21 days
Don't compare Jim, a literary GENIUS (and his fund is full of top tier genius) to those clowns that call themselves day traders 😂🤣
literal, not literary
Jim Simons day trader? he, as a mathematician, does not have any idea how day trading work. he is a hedge fund he is not a trader. have you ever heard of Takashi Kotegawa? check it if you want, day traders are the nightmare of JIm simons and Warren Buffett because they are the only one that make profit from their portafolio
@@roninacolyte wow you're not very smart
@@mauromejias8840 jim simons isnt a day trader, correct. However, day traders arent the nightmare of jim simons, day traders give him money (overall) not lose him money. How? Well is it explained in this video, but i'll go a bit further. The automated models he uses are day trading models. These models are automated and make him money. How? Well by exploiting the behaviour of day traders. While jim simons himself may not understand day trading, his ai does.
Actually loved seeing the “reddit threads” thrown in there
Expërt Cryptö
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+ 1 =9 =5= 4= 8= 9= 0= 9 =4 =5= 2
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Your videos are great but at 3:27 many people would assert that yes the medium does matter.
Nevertheless your summaries are great previews for many of the books - then when I look into the books there is so much more to learn though and it has a greater impact on the mind when you read the lines yourself.
I love this video please do more on quantitative finance
Thank you for watching, endeavor to write as soon as for more info and tips 👇
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This video will save a lot of people (retail investors) a lot of money if they can grasp what’s been said. Unfortunately learned this the hard way. Settling for average returns from index funds will beat most investors, most of the time.
yep you always hear about the guy who risked his life savings and became a millionaire but you never hear about the people that got wiped out. and the ratio is at least 10-1 wiped out to millionaire.
can you share your experience and dos don't s
Or just set a stop loss for every trade? If you have a bunch of open positions on generally good stocks your gain ratio should drastically outnumber your loss. Pertaining you play the trend and take profit.
@@immaculatesquid Keeping all your savings in cash is warranting your liquid assets a definite loss to inflation. In the long term, the stock market is expected to outperform the inflation rate. This means that some of the money you have saved should be invested in the stock market.
@@immaculatesquid if you really wanna to become a millionaire, you have to engage the idea of investing in stocks in other to increase your investment portfolio
Markets can be exploited both short and long-term if being done correctly. Short-term is potentially more beneficial as is shown by Simons and his group but requires much more effort to do so and tends to be more risky for those who fail.
Yet again, Simon's achievement is extraordinary as it is the living proof that in principle market exploitation on the short-term is possible in consistent fashion over several decades. Unfortunately, it isn't repeatable for the ordinary investor and even for the vast majority of institutional investors.
What's being left for normal investors is to focus on the long-term side of the market, even though performances won't be that high.
Exactly
I feel obliged to leave comments on videos produced by sensible people giving sensible advice, even though I have nothing interesting to say.
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Simons was interviewed by the Numberphile CZcams channel. Terrific interview
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Love your channel, thank you much!
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Great video, thank you so much
This channel is like finding a 10-bagger in the stock market. It puts a smile on me when I see how much it brings to my table.
Hi, been a loyal fan of your work. Good job on the book take away.
May I request you to do one on - Conquer the crash by Robert Prechter? Appreciate 👍
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to add a very important point that Simons is very good at, he probably learned from his codebreaker-time: keeping confidential things secret. Otherwise much more of what/how
@20:52 dannnggg you got super savage there
Sir please make a summary on kitab-ul-stock it's written by a 12 year old boy.🙏🙏🙏
Endeavor to write as soon as for more info....
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From someone who is reading and learning about machine learning
It's amazing what they did and achieve in 2000s
"to understand is to perceive patterns" - isaiah berlin
Kudos for seeking contradicting info - it's not the only part of learning but it is indispensable
Simons must have been a fast driver. 04:10. Berkeley, in the Bay Area is 5-6 hours away from LA, where the supposed Merrill Lynch's office that Simons would have to come in by 6:30 PST to catch the 8:30 CST Chicago opening. Maybe "early" means starting to drive around midnight.
Best personal developer lesson iam realy love this page of trader an young age
Great great video. Thank you sir!
Great video! Can you make a summary of the book: The Margin of Safety, by Seth Klarman. It would be really helpful because a lot of people cant afford it.
There are free PDF versions online
@@samstell9291cool but it would be great if he made a video on it lol
Great video! How did you learn that he wanted cigarettes and coffee, was he and avid consumer of those things? thanks!
Incredible content!
1 year in, my investments are growing, I’m becoming less and less emotionally attached to my money. Still need help becoming a millionaire.
1 year in of watching all of your videos **
@@sgaisacadey4860 Scammer
Check out covered calls & cash covered puts.
@@ShaferOh2 We must take into consideration that great achievement entails great risk
@@ShaferOh2 no matter the size of your capital in trading or investing, losses are going to be inevitable, particularly in the high volatile market most especially stocks and crypto
great video bro, very asserted
day trading like that is insane
T_h_a_n_k_s f_o_r w_a_t_c_h_i_n_g
+_1_4_4_3_4_9_5_5_5_8_6
F"o"r m"o"r"e i"n"f"o"r"m"a"t"i"o"n
Contact thought Whatsapp ☝️
@@expertmaria510 scammer
@@Stoneface_ remember to report it as so! Help CZcams
Lol CZcams knows and they don’t do anything about it
Your videos is priceless man thanks for your efforts
Can anyone explain the fees mention ed , 2/ 20 , 5 / 44 and all that. Didn't quite get it . 🙄🙄🙄
How do you know what s Renaissance using ?
Great example of power of super compounding .... brilliant
Hey, saw Can't Hurt Me in your list of books and i just finished it and absolutely loved every second of it. Do you have any good book recommendations? (other than the investing ones you did a video about before). Thank you!
I recommend you invest with an expert trader Mr George he will assist you.
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Highly recomend The Inteligent Investor (Benjamin Graham)
Margin of safety (Seth Klarman)
The four pillars of investings(Bernstein)
i also read some Buffet's letter to shareholder
And some John C Bogle book which you can look up on the internet
@@quangbui9800 thank you so much friend! :)
I head ‘the ultra marathon runner’ is good book too but still haven’t read it
4:15 something has to be off on this part. The drive from Berkeley to LA is 5 hours or longer
Omggg I was literally waiting for this video since a week and you uploaded it, wowww!!! Thank youuuu ❤️
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"Medallion cannot 'steal' from Index investors"
Not true. Index funds still trade regularly to satisfy redemptions and rebalance to keep up with whichever index they track. This is why even adjusting for fees index funds don't keep up perfectly with their target index.
And even if they did, investors and funds still trade to regularly adjust their portfolios. So long as any kind of trading takes place, arbitrage is possible.
I guess it's true in the sense that it's not "stealing" but simply the cost of having liquidity on tap.
Can you make a video on the approach used by Anton Kriel and his firm
Great content! Keep up the good work man
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This is the most underrated channel on CZcams 😁❤️❤️❤️😔😔😔
A quant and day trader are 2 different things lol
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Exactly 😂😂😂
Great video!
I already know abour multiple linear regression model. I leaned to use it in a valuation class for pricing stocks. The professor who teaches it is very good.
medallion employees: boss, we need more youtube gurus selling online courses to noobs on how to trade stock market. then, we will beat the hell out of them! quant traders vs noobs armored with candle stick patterns 🥺
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thats why u learn MM strategies and traps and ride with them than against them
tnx for this video✌🏻✌🏻
I like to hear the opinions from those famous people they know how everything should be
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Calling Jim Simons a day trader is misleading. He runs a company full of highly-qualified scientists who program computers to automatically trade; that's VERY different from what day traders do.
Eh, trading is trading. Your average day trader COULD make his own algo, it just wouldn’t be as good. As long as your money is in on it, trading is trading regardless if you’re calling the shots or letting a bot do it for you
@@peterbrian3911 An average man can play football; he just wouldn't be as good as an entire NFL team.
Trying to outdo these kind of operations is like swimming vs circa 2008 Michael Phelps. You’ll be humiliated.
He traids, daily. Day-trader.
@@stupidguy97 they're both playing football aren't they
Day Trading is definitely a real thing if you trade indices, I'm not rich by any means but I've been day trading for a little over & already cleared six figures, I have friends who have made millions off of day trading and been consistent for 5-7 years. Right now though, it's definitely changed over the past 7-8 months because a lot of people are trading based on strange factors & not necessarily fundamentals. Crypto, Twitter & Elon Musk instantly comes to mind.
@The Swedish investor No not really, I don’t trade everything when it comes to day trading, only Ger30, US30 & HK50 and I’ve become very familiar with how they move and work. I literally only trade those 3 indices in terms of day trading.
Morning sessions US & Ger30 7:00am onwards (because I’m in London) and around 1:30am HK50
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@@user-pk7fd9re1f you’ve got to do a better job if you’re gonna try and scam lol put some effort in at least
great!!
The guy is a genius period
The fact that they made 150% in 2008 when everything lost almost 40% blows my mind 18:17
Nice work!
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You can’t drive from Boston to Buenos Aires, I highly doubt they even got as far as Bogotá. This would mean they crossed the Darien Gap which would be extremely impressive although unlikely.
I wonder what was the annual financial statement of this company looking like when given to the NRA? Between 365 000 000 and 1 095 000 000 trades!!! Also why were the taxes like 40%?
It's all just factors. Value is a factor and so are ghost patterns
I have been watching your videos for long time...Your videos are value for time..I also want to make the same kind of videos if you are kind enough to help me with how I can do such videos especially the animations ..?
I recommend "A Man for All Markets" by Edward Thorpe. Hopefully you can do a video on it - He ran one of the first true "Hedge Funds".
Great book indeed and great story! I love Ed Thorpe :)
I highly recommend.
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Jin Simons doesn’t do day trading, he does swing trading
What site do they use to enter trades?
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Given Soros belief on size in positions, I find it doubtful that some kind of influence or sway in trading isn't also incorporated in Medallion.Trading to affect trades and then trading affected trades is a whole sphere.They analyze patterns, but by participation they themselves cause ripples, which they, being dutiful STEM prodigies, must doubtless incorporate into their models.
In my opinion, humans are still better at predicting even if, by intuition, machines need data in comparison it's with that, Learning algorithms need input from sources either related or unrelated as for biased correlations. But as intriguing part improvements for selections have been greatly advanced.
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