Delta None

trader, data scientist, class clown

[Delta None @sentientETF]

working in market making irl

[Delta None @sentientETF]

@DeepDishEnjoyer Damn did he get one shot

[Delta None @sentientETF]

@nickkokonas Ratfucking innocent people with his DOGE bullshit and putting his malformed dick on the scale to influence the election are not minor “foibles”

[Delta None @sentientETF]

@bookdepth

[Delta None @sentientETF]

@shguke @TheSpeculator0 It’s kinda cringe prestige games but those tactics do work (Google vacuuming up strong talent in the 2010s despite being rest/vest)

[Delta None @sentientETF]

@shguke @TheSpeculator0 The bar never needed to be super high imo, but frothy market conditions (more retarded gamblers) have created more seats at the top shops that can capitalize on it.

[Delta None @sentientETF]

@TheSpeculator0 Influencers parading Jane/Citadel/HRT earnings as if they own any slice of that PnL have redirected the FAANG strivers towards trading and we’re all worse off for it

[Delta None @sentientETF]

@DeepDishEnjoyer Aggressively leftist P4 is not buying an EV?

[Delta None @sentientETF]

@TheSpeculator0 “IT staffing firms” are a cancer

[Kris @KrisAbdelmessih]

https://t.co/BqUtQhPjVL

[Delta None @sentientETF]

@moreproteinbars That bite look dry as fk 😔

[Delta None @sentientETF]

@Francis07534440 @GoshawkTrades Mmm I love slurping influencer cum please daddy give me a discount on those courses

That’s what you sound like

[Delta None @sentientETF]

“Trade on higher timeframes where speed doesn’t matter”

Do you have any fucking clue what their OG business was founded on?

[Goshawk Trades @GoshawkTrades]

a lot of replies to this are "how do you compete against that?"

you don't. that's the point.

if you're getting into algo trading, you are not going to beat Jane Street at market making. you are not going to out-speed them on order book inefficiencies. you are not going to win at anything that requires sub-millisecond execution.

that is not how you win.

here's how you actually find something you can win in:

1. trade on higher timeframes where speed doesn't matter. trend following, momentum, mean reversion on daily or weekly bars, none of these require nanosecond execution.

2. go where the big funds can't. less liquid markets, newer asset classes, niche sub markets. the capital they manage is too large for those markets to matter to them, but they can matter to you.

3. harvest risk premiums. that doesn't get arbitraged away very fast and can persists because the underlying risk is real.

the biggest mistake I see newer algo traders make is spending months building something that "tries" to compete directly with firms like this. it's a fun project, but it's not going to work.

know which game you're playing. and more importantly, know which game you're not.

[Delta None @sentientETF]

@sharpe_bro10 Yeah that’s my point, that one statement is indeed true but it’s packaged around quant mysticism bullshit to sell a course

[Delta None @sentientETF]

@sharpe_bro10 Spewing platitudes is 0 risk and great for selling courses

[Delta None @sentientETF]

@DeepDishEnjoyer @based16z When was the last time a good “that’s it?” really ripped out someone’s soul

[Delta None @sentientETF]

@OneHotCode1 @volatilitynoob Character building doesn’t come with the 500k year 1 TC

[Delta None @sentientETF]

@DeepDishEnjoyer Elementary school volatility trader interview question :

Chat is this good?

[Delta None @sentientETF]

Sir I’m just trying to pay off a mortgage and give my cat some fancy treats

[Kris Sidial🇺🇸 @Ksidiii]

This game has transformed my life, my family’s life, my friends’ lives, and even the lives of my future grandchildren. For that, I am eternally grateful to God for the success He has given me.

At the same time, make no mistake, this game is one of the most cancerous and dangerous in the world. It can ruin and cripple you financially, socially, psychologically, and emotionally in ways you cannot imagine.

If you are playing this game at the highest level, not casually investing, you have to be willing and aching to answer its call at every second of the day. And honestly, monetary advancement alone is not enough to keep you in it. Something has to be socially wrong with you to be obsessed in a way that is difficult to even characterize. You have to be obsessed with solving this puzzle every single day.

If that is not you, it is probably a better choice to avoid it entirely. Very similar to mishandling an AK-47, small mistakes in this game can be life altering.

For my fellow lunatics, another day, and into the fray we go. Blessings and love your way 🫡

[Delta None @sentientETF]

Remember to tip your local small batch artisanal market makers instead of sending your market orders to those soulless money factories

[peepeepoopoo @DeepDishEnjoyer]

the other scary/sad thing is that the industry is converging to an oligopoly with local monopolization which is practically impervious to antitrust laws because of the opacacity of the whole setup

so yeah seems bad