Trader Grant

[Trader Grant @Trader__Grant]

Anyone with a smartphone has the cumulative knowledge of mankind at their finger tips. The problem is not lack of knowledge, it's a lack of process for sifting through all that knowledge and making use of it. If you can do that you can learn anything you want.

[Benn Eifert 🥷🏴‍☠️ @bennpeifert]

Okay, this is a good one. Let's talk about volatility risk premium, volatility term structure, volatility spikes, and "the obvious thing often isn't right" (1/?)

[Stat Arb @quant_arb]

Beginner mistakes in quantitative research.

A thread 🧵

[1/N]

[Robot James 🤖🏖 @therobotjames]

one thing about markets is that something stupid is happening all the time.

the closer you look, the more you see stupid and irresponsible things happening all over the place.

and you might think, perhaps, that was is happening now is uniquely stupid and irresponsible.

[Trader Grant @Trader__Grant]

@STLChrisH What do you find is the more common cause for individuals struggling? I.e. coaching vs capability.

And has that changed over time as you’ve scaled and refined hiring, training and processes?

[Robot James 🤖🏖 @therobotjames]

you probably shouldn't trade.

certainly, it's a bad strategy for making lots of money.

but, if you're stubborn like me, you'll do it anyway.

these two articles explain the most important things i have to tell you about it:

https://t.co/mZJm9jnKTs
https://t.co/PMcerQhvKn

[Robot James 🤖🏖 @therobotjames]

Doing the first of these free Zoom sessions in about 45 minutes.

Talking Basics of Edge Extraction.

Agenda in pictures.

I'm fairly poorly prepared but I'm fully caffeinated and wearing a shirt with flamingos on, so you know it'll be good.

[Robot James 🤖🏖 @therobotjames]

let go of the idea of markets making sense

you'll never produce a grand theory of why idiots, pussies and bots buy or sell stuff.

a few different ideas pointing in useful directions is all you need to make money

plus accepting that you're wrong, and you don't need to be right.

[Robot James 🤖🏖 @therobotjames]

Book review thread.

Flash Boys: Canadian Banker makes bad trades, blames The Algos.

[Michael Antonelli @BullandBaird]

In case you didn't know this here's a 3 second update:

The economy in the United States is a credit based system.

In order for it to grow, BOTH sides of the balance sheet have to grow.

Assets and Liabilities.

Debt has to grow for our economy to grow.

[Robot James 🤖🏖 @therobotjames]

"Ask questions now? Or ask questions later?"

Imagine you are trading a futures product.

The prices of the futures as a function of their time to expiry looks like below.

You step away from the desk to make some tea.

And, upon your return, you see a different picture...

1/n

[Robot James 🤖🏖 @therobotjames]

@bennpeifert @macrocephalopod In reality... instead of worrying about CAPE ratios, I would simply be grateful for my equity risk premium, lock myself in a dark room, and arb some shitcoins like a normal healthy person.

[Trader Grant @Trader__Grant]

@VitruviusCurve @readwiseio save thread

[Trader Grant @Trader__Grant]

@ryantakesoff @readwiseio save thread

[Trader Grant @Trader__Grant]

@RampCapitalLLC 86

[Paige Spiranac @PaigeSpiranac]

I love the Ryder Cup so much. I wish more golf tournaments had this type of energy

[Robot James 🤖🏖 @therobotjames]

Why do VIX Futures trade at different prices to VIX?

Derivatives can be complicated, but the answer to this question is not.

If you understand how the market prices risk then you'll know a lot without needing to know a lot.

Let's walk through it. 🧵👇

1/n

[Trader Grant @Trader__Grant]

@TheFrugalBanker Congrats! I grew up traveling a ton with my family in RVs. So many good memories. They’ve come a long way…that thing is insane! 🎉

[cephalopodshop @macrocephalopod]

In the end we’re all just pointing in vaguely the right direction, squeezing the trigger and hoping for the best.

[Euan Sinclair @SinclairEuan]

Something I think a lot of people don't get is that most professional trading isn't about having the single "best" strategy.

It is about using all you know to improve results within strategy constraints from mandate, legacy or your boss.