Ripu Singla

Over a decade in Machine Learning and large scale cloud infrastructure, IIT Kanpur, Full time Algo Trader, Founder Niuhi Quantitative Research, NISM-8 Certified

[Ripu Singla @ripusingla]

Thank you @vivbajaj for your time and the opportunity.

[Learner Vivek Bajaj @vivbajaj]

Last few weeks I have been focusing on finding systematic traders who are using algo and ai to trade peacefully. Expect more amazing #face2face in this subject like this one with @ripusingla

Not for entertainment seekers. Only serious traders pls.

https://t.co/1D7NysE7WM

[Ripu Singla @ripusingla]

such a stupid default for "cleanupPeriodDays" 30 days @AnthropicAI @bcherny just silently dropping invaluable project jsonl files after 30 days, people do so many different projects, it easily takes 30 days when one may come back only to find all the agent context is gone.

[Ripu Singla @ripusingla]

this is so hilarious, i don't know when i laughed so much while on twitter, thanks @algoflows

[AlgoFlows @algoflows]

A top quant lost his job due to an AI reasoning model replacing him at his company. He kept applying to different companies and tried his hand at macro writing but to no avail.

Eventually he swallows his pride and talks to his school friend who is now a plumber.
"I understand your old position was a finance maths guy. Why don't you come to our company and apply for a plumber position? You will earn half your old salary but the overtime and the union benefits make up for the rest. But remember, when you apply, tell them that you completed only seven elementary classes. They don't like educated people."

So it happened. The quant got a job as a plumber and his life significantly improved. He just had to seal a screw or two occasionally, and his salary was good enough and he had zero stress.

One day, the board of the plumbing company decided that every plumber had to go to evening classes to complete "basic financial literacy" certification. So, our quant had to go there too. It just happened that the first class was retirement planning. The evening teacher, to check students' knowledge, asked

“If you invest half your money in stocks and half in bonds, how do you calculate the portfolio return?”

The person asked was the quant. He jumped to the board, and then he realized that he had forgotten the formula. He started to reason it, and he filled the white board with He defined a filtered probability space (Ω, ℱ, {ℱ_t}, ℙ) and posited two correlated geometric Brownian motions for the risky and “risk-free” assets. He invoked the Radon-Nikodym derivative to switch to the risk-neutral measure ℚ, then switched back because the question was about realized returns, not prices.

He filled the whiteboard with stochastic discount factors, covariance matrices, CRRA utility functions, and pages of Itô calculus. He derived the wealth process under a self-financing strategy:
dW_t = W_t[(w R_s + (1−w) R_b) dt + w σ_s dB_t^s + (1−w) σ_b dB_t^b]
Then he solved the HJB equation for the optimal allocation, noted that Merton’s solution collapses to a constant weight under log utility, and circled w = ½ as the given constraint.
He invoked the linearity of expectation. He cited Markowitz (1952). He drew a small efficient frontier in the corner for context.
Finally, exhausted, chalk-dusted, eyes wild, he arrived at:

R_p = ½ R_s + ½ R_b

Then forty plumbers, in perfect unison, slammed their wrenches on the desks and roared:

“YOU FORGOT THE VOLATILITY DRAG, YOU FUCKING TOURIST!!”

[Ripu Singla @ripusingla]

@novicetoinvy @vivbajaj deep nn.. yes to directional straddle sell

[Ripu Singla @ripusingla]

Thank you @vivbajaj for your time and the opportunity.

[Learner Vivek Bajaj @vivbajaj]

Last few weeks I have been focusing on finding systematic traders who are using algo and ai to trade peacefully. Expect more amazing #face2face in this subject like this one with @ripusingla

Not for entertainment seekers. Only serious traders pls.

https://t.co/1D7NysE7WM

[Ripu Singla @ripusingla]

@GoldenDustbin i think 3 months

[Ripu Singla @ripusingla]

here is some data @PRAFULKULKARN18 @Nick_khandelwal
this is very close to what you are describing, intraday delta hedged.
some params , flavours may differ based on preference. returns have been coming down, almost -ve territory

[PRAFUL KULKARNI @PRAFULKULKARN18]

Is pure delta neutral trading currently a negative EV system?

Can anyone simulate if delta hedged short gamma trades are net negative for the year?

"Finding any edge, be it positive or negative, is quite difficult"
If you can get a negative edge, you can simply invert it.

[Ripu Singla @ripusingla]

@Nick_khandelwal @PRAFULKULKARN18 these are rolling 2 year stats

[Ripu Singla @ripusingla]

@Nick_khandelwal @PRAFULKULKARN18 this has been live for me since 2022

[Ripu Singla @ripusingla]

@Nick_khandelwal @PRAFULKULKARN18 runs every second, decides whether to delta neutral the position or not.
on avg hedge fires every few minutes. yes this is after real costs as of today

[Ripu Singla @ripusingla]

other charts - Sensex DTE 0

[Ripu Singla @ripusingla]

other charts - Sensex All DTEs

[Ripu Singla @ripusingla]

ok.. this is getting more technical, kid has shifted to vs code :P
his prompts are: "are you done", "plane is not turning", "good work". chatgpt is obliging like a good grand parent.

[Ripu Singla @ripusingla]

thanks to AI, my 7 year old is building video game for himself.
his prompts are the true capability test for AI :P

[Ripu Singla @ripusingla]

thanks to AI, my 7 year old is building video game for himself.
his prompts are the true capability test for AI :P

[Ripu Singla @ripusingla]

@karpathy i have long running agents, 100s of compactions trigger. experimenting with local db (like chroma) with hooks. Claude writes to db (save-memory, agent decides, instructions in skill) after a task,commit, before compaction, recall-memory if the task requires (agent decides)

[Ripu Singla @ripusingla]

how is this supposed to work? what do you expect from user?

[Ripu Singla @ripusingla]

@deepigoyal i have always been fan of zomato over Swiggy just in overall service, app design etc. but today noticed a bad design loop, i ordered dominos pizza via zomato, didn't get delivery till 45 minutes. dominos not picking up call, no way to call zomato via support section,

[Ripu Singla @ripusingla]

no way to cancel order and get refund, support chat offers some 300rs coupon of dominos which doesn't help bcoz after this why would i order dominos again and order value is more than 300. order is just stuck in limbo.

[Ripu Singla @ripusingla]

I'm claiming my AI agent "MintTrader" on @moltbook 🦞

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