Hunter Gallagher

ASU // automated systems // 10+ years trading/investing

[Hunter Gallagher @Hunter_GL2]

Who makes more money?

[Hunter Gallagher @Hunter_GL2]

“We’re releasing our brand new state of the art app” which is basically nothing new and some recycled ideas, where there’s already 4 different versions of the same thing 🤦‍♂️

[Flood @ThinkingUSD]

Everything you do has to be rockstar shit

[cephalopodshop @macrocephalopod]

“Most traders think their biggest battle is with the market. It’s not. It’s the battle insider your own head.”

^ if you believe this I am here to tell you that your biggest battle is the fact that you have no edge. Stop trying to be a “trader” and focus on your day job instead.

[Hunter Gallagher @Hunter_GL2]

@ARizzo44 @Cubs @LurieChildrens Class act 10/10

[Kurtis The Quant @Quant_Kurtis]

Out-performance comes from discomfort. Let me show you an example.

Below is a simulated 100-stock microcap portfolio after slippage. It is based on a ranking system I have built over the past 15 years.

I have shown it to a few clients to gauge their interest. They like the CAGR but the conversation quickly goes like this...

- We need to reduce the drawdowns (returns go down)

- I want more well-known companies with better
coverage (returns go down)

- Liquidity is too low. I want this to be able to scale to to $500mm (uh...it works up to about $10mm tops)

- Then get more liquid stocks (returns go down)

- Add more positions (returns go down)

- US headquartered companies only (returns go down)

- I want to hold positions for 2-3 years (returns go down)

Every decision above makes the client feel more comfortable. And neuters the portfolio returns.

The solution? Learn to embrace discomfort.

🔹Know the difference between real risk (e.g. that this portfolio will drastically underperform in 10 years time) vs. what makes you feel queasy but historically and statistically has edge.

[james hawkins @james406]

literally no one has been able to explain this to me.

[Hunter Gallagher @Hunter_GL2]

@StockMKTNewz

[Hunter Gallagher @Hunter_GL2]

@OverfitQuantit1 “Prices reflect all available information”

[Overfit Quantitative Strategies @OverfitQuantit1]

I'm not sure the $130k cost for an MBA at the University of Chicago is justified tbh

[Hunter Gallagher @Hunter_GL2]

Starting my CFA 🤘

[Hunter Gallagher @Hunter_GL2]

@hats4cars @DarthPuts @partners_road Basically a random walk

[Hunter Gallagher @Hunter_GL2]

It used to rally most Fridays 🧐

[Hunter Gallagher @Hunter_GL2]

Gold getting crushed every Friday might also be end of week

[Hunter Gallagher @Hunter_GL2]

@unusual_whales @grok is this true chat

[Hunter Gallagher @Hunter_GL2]

“You just bought high and sold low, and paid fees to do it”

[Patty @pattybuilds]

yo bro I have a cool idea for an app ill give you 50% equity if you build everything and do all the work

[Hunter Gallagher @Hunter_GL2]

@VolatilityQ All of that for Marshalls is crazy

[Hunter Gallagher @Hunter_GL2]

Once you get more educated then it’s chill

[Hunter Gallagher @Hunter_GL2]

If your new to trading I would 1000% not search for information online. You’ll probably get lost in the hype/bad info sector. Just read an intro to investments book from a college at this point so you know it’s a trusted source