Quote from S.Cromwell1989:
Can you explain to me how it is that a lot of graduates of hard sciences (Math, stats, physics, etc.) are able to get jobs at hedge funds, investment banks as quant developers/traders without a finance/trading background?
The [eople who run companies bought big ,achines and on one for finance/trading could make use of them. The people who sell computers nade the sales a one timne event.
Before they sold them no one was needed; after they sold them they needed people to fool around with the computers.
Bif computers like to handle big amounts of data. They mine it To find out hidden things that don't do very much of anything.
The money to hire the people using the computers doesn't comes from taking advantahe of what computers mine. The money comes from fees and commissions of sales people in the organizations.
I don't have a phd, but I feel that am at a graduate level in regards to applying mathematical and statistical methods (data mining) to time series, as well as being able to program in c#, R and mathematica.
The independent variable in markets is not time. Instead it is the order of evenrs of which there are two. Go to Behavioral Finance and find out what the events ae and how decisions are made with regard to the independent variables. Here, you will find out that information that works falls into the non probabilistic division of information theory.
Certainly programmiing is required to deal with the independent variables. The rype of variables slams home very very succinctly why probability has been excused.
Maybe I am missing a huge point here, but why do I need to learn how to trade manually first? I am not trying to be a prick or nothing, I just don't see how this is going to prevent me from going down the path that I am.
The path you are going down is one that you want to go down. The path you NEED to go down is NOT the path you will follow. You negotiated with your dad a deal. It was for ,oney to set up what is known as a trading account. your broker does NOT have a tool that runs the account to deliver money into the account. You think you will attach something to your account to have it make money. Your boker will love it since it will put money in his pocket no matter what the huge computer you wished you had is doing.
Anyone can learn to trade; there is no brain level requirement. It takes a few weeks to get trading down if your learning process is prperly supported. That isn't going to happen for you, ever.
Enjoy working with your dad on the farm; he will not even consider your spending down the money he put in your account He recognizes farm work is a good thing to learn especially that there areno shortcuts.
Running big computers is fun too; they really hum along doing the smae old day after day.
