@AgustinLebron3 alternative data is used to consistently generate alpha for trading.
lots of vendors, lots of people paying for the data. seems like a tried and tested business model? what's the difference?
@macrocephalopod to add on: it seems a bit counterintuitive to me that I'm profitable doing the trading I do (perhaps the edge left for me is the less juicy stuff which the big firms didn't want), but I still see high sharpes at 7fig capacity (you do too probably), surely isn't sustainable?
@macrocephalopod as someone who doesn't work at XTX and CitSec, does it ever worry you that the edge you're capturing today might completely disappear as they get better at what they do and enter markets that you trade (citsec w crypto recently, xtx already)?
@macrocephalopod@systematicls I don’t think this is as simple. The sampling scheme matters, an alpha can have an IC of ~0 on all packets, yet it can still be a money printer
@ropirito Even some of the more famous ones (won’t name them, but all have 5k+ followers) are larps. They love confidently tweeting things that are false but cannot be trivially disproved. And if you choose to argue, you’ll inevitably leak alpha
@grizzledtrader@picotrades what can be traded against is what you should see.
also for any $5 stock that is worth building an alpha for this will basically never happen
I get a lot of joy from doing one thing well, even if it’s small. A single interaction, a single sentence.
I’d like to carry this with me from thing to thing to thing, until the end of my days. I will focus
going to industry events with startup people makes me sad, honestly many founders who hang out at these things are not very nice. in 30 mins:
- sized up by importance
- got unsolicited career advice
i miss running systems reading group — kinder, more welcoming yet passionate
@brainenergy4me Not all of them are like this. I feel people tend to overvalue scarcity and undervalue availability. That’s the issue. Someday you’ll find someone who’ll be just like you. And you’ll wonder this. My 2c.
@TaliaRinger Lol this guy can so easily be doxxed.
- full PL prof at Purdue
- likely a dude
- likely has a Twitter acct
- likely has no women students in his lab
@Jesusisking7422@ImmuneHack Also the idea that all of life is the summary of your academic and financial accomplishment is a notion I take issue with. These aren't bad things, but most of the juice of life is in the small, daily moments we re-live. Finding truth and beauty in every day events truly matters!
Yo - here is some life alpha.
There is an endless source of self-esteem and good feelings available to you if you can feel happy for other people.
Always hype the bros (gender neutral.)