Computational Finance & Risk Management Masters course

[2rosy]

Hello everyone. What do you think about this masters course: http://depts.washington.edu/compfin/ms-overview

It´s ranked number one here: https://www.master-of-finance.org/best/great-master-of-financial-engineering-programs

at several places I worked in the past it was extremely common to ask where did you go to school; not what you studied. u of c offers a fin math

 

[SimpleMeLike]

dan pena says "just do it" " for fucks sake"

steve harvey says "just take the jump"

trading is 99% psychological fear that you don't know wtf you're doing.

i suffered from it most people do, it takes many years to burn through dead ends to accept what works.

so the sooner you start burning through real money the sooner you will be a real trader. there is no other formula to learn trading. don't have the money then find it work for a trader who will let you try some things and give you guidance. you will never learn how to trade through a school it's not there, you learn from people actually trading. find someone or a firm and work for free - think that is even better than paying to go to a school - do what you have to do to get connected. read every book over and over this cost nothing to do but time, learn to power nap watch the markets 24/7 and know your subject inside and out.

MarkBrown, you are an awesome. This is really good advice for those reading it.

As far as Steve Harvey and Dan Pena, both are selling dream. Lol, Steve Harvey the comdeian said just jump.

 

[SimpleMeLike]

Hello everyone. What do you think about this masters course: http://depts.washington.edu/compfin/ms-overview

It´s ranked number one here: https://www.master-of-finance.org/best/great-master-of-financial-engineering-programs

ssp729,

Are you trying to be trader or work in finance?

You do not need a college degree if you want to be a full time day trader. You need a college degree if you want a full time 9-5pm job

 

[SimpleMeLike]

trading is 99% psychological fear that you don't know wtf you're doing.

This is sooooooo true. We fear cause we don't know

 

[nooby_mcnoob]

An academic environment provides not only disciplined study and rigorous evaluation, but a safe environment in which to do so. The dirt-under-the-nails of market experience can be acquired in a summer's internship.

Want proof? Size up the income of a trader with a bachelors and 4 years of experience, against a Masters (CFRM, etc) and two years of experience. In 10 years, see who's supervising whom.

The reason these programs exist is that the market deems them worthwhile through salary. "Price signaling" as the economists say....

This is an honest perspective.

 

[pipeguy]

Can you find any info of previous graduates of this course? $42k should buy you something...

It really depends what you want to do...

I would save the money and read every new posting at https://www.quantopian.com/home
Look at the tutorials on Quantopian's site:

https://www.quantopian.com/tutorials
Also, there are 100's of working trading systems on that site that you can copy, edit, learn from and profit from. Why reinvent the wheel? If you are really good and have a competitive system they might also seed you with some trading capital.

You can take several courses in Python through coursera.com for free if you audit the class.
https://www.coursera.org/specializations/python

https://www.coursera.org/learn/trading-basics

More
https://www.coursera.org/courses?query=computational trading&page=1&configure[clickAnalytics]=true&indices[prod_all_products_custom_ranking_revenuelast28d][configure][clickAnalytics]=true&indices[prod_all_products_custom_ranking_revenuelast28d][configure][hitsPerPage]=10

Another course that I thought very well done as an intro/overview was:
https://www.mooc-list.com/course/computational-investing-part-i-coursera

If you want to attend classes look at Trulanes Energy program. They hava a full trading room and actually teach trading energy products. They also have trading competitions between students.
https://freeman.tulane.edu/energy-institute/trading

Use the $42k to start trading in microES or tiny FX size products.

Plenty of options.... most free.

Brilliant reply, thanks. You save a lot of time for us. Btw do you know which language Quantopian uses for their inbuild programming environment?

 

[MarkBrown]

Brilliant reply, thanks. You save a lot of time for us. Btw do you know which language Quantopian uses for their inbuild programming environment?

there is no one using quantopian that is rich nor matlab and dozens others i can name so do yourself a favor and ask. do i want to make money or do i want to be another dreaming geek lost in the discovery process never finding my way to really making money.

find out what people, who are making money are using and become proficient with those platforms and hopefully work within an environment of profitability before going out and doing your own thing. this is a minimum ten year plan and if you don't heed this advice you may wander the rest of your life.

 

[NoiseTraderr]

there is no one using quantopian that is rich nor matlab and dozens others i can name so do yourself a favor and ask. do i want to make money or do i want to be another dreaming geek lost in the discovery process never finding my way to really making money.

Lol are you kidding me? No one in the world is rich using python? What year is it? 1990?

 

[NoiseTraderr]

IMO you should watch Jim Simons MIT talk at the end. Here is advise on what to do from the god of financial engineers

No one is going to want to hear that of course but it is obvious truth.

In 20 years when you look back the great opportunities tomorrow will not be in financial engineering. That was 15-20 years ago.