PhD in the area of trading strategies

Quote from jack hershey:

Why would anyone read my posts?

You have a very good reason for not reading them: they are too long to read.

This guy would sure be welcome in Tucson. In a month or two he could look over tons of long logic sheets stemming from a complete paradigm and thousands of pages of annotated charts.

From these charts came the strategy for intertwining the five OOE's.

Today's ES trades were:

bar1 short
bar 5 long
bar 9 short
bar 17 long
bar 22 short
bar 29 long
and
bar 32 short

A strategy is in use; the strategy is a combo of strategies.

notice money is being made and I am posting my trades.

This guy wants a break from his job and he wants to write a thesis.

He has restricted his choice to a campus where he can be mentored.

I made a specific case tailored to what he wnts to learn.

I know about what he wants to learn.

Please put me on ignore. This will give you a lot of what you want.



short post.

bar 36 is long.
 
Quote from White Knight:

Hi ET'lers,

Hope everyone is doing fine in here!

My name is Hendrik and I'm looking for some input in regard to my vague plans to do a PhD in the area of trading strategies.

Some 7/8 years ago I started using Excel with historical data to evaluate "trading strategies". Doing that for a while let me to some more ambitious research using tradesignal terminal (http://terminal.tradesignalonline.com/) which uses Equilla as coding language which I'm quite familiar with.

I haven't done too much in recent years as I started a career in IT after my Master's in Economics. However, there is still a deeply routed interest in the subject. I've been closely following the financial markets for the last 15 years and was devastated when I couldn't get any financial job when I graduated in 2009.

I'm going for a sabbatical year now and will have some time to spare and would like to spend this on education and research in this area. I was very close to doing a PhD after my studies to bridge the bad time for jobs in finance with some more education but went for an IT job instead as I was sick of living the student life to be quite frank.

At the moment I'm looking for any kind of advice on current research, books/papers, general academic work around this, universities which have done any kind of research around it, funding ideas, professors who might be interested in supervising a PhD, companies that do a lot in quant trading and look for cheap research staff, the list could go on and on but I guess you get the gist of what I'm looking for.

Currently I'm looking at re-optimizing and the possibility to scientifically proof that a cycle of constant re-optimizing can deliver long term risk adjusted returns superior to other asset classes.

If you should happen to have any advice for me on how to go about all this I would so much appreciate if you can share it here or via pm. I feel like some expert advice or any insights from experienced "quants" can really make a difference for me at this stage.

Thanks a million for your time!

I would say it's worth it if you manage to get into a good program, e.g., MIT's financial engineering Ph.D. The reason I think it's good is because you will learn a lot from it even though you may not write your dissertation on direct trading per se but for example on how microstructure affects efficiency or order flow etc. But unlike most who learn this on their own or on the job, at the end of the day you will have an MIT Ph.D. which will serve you good in the future and it will probably be the best investment you ever made. You have to be prepared for long nights of study however to pass comp exams which can be difficult if you are rusty with your math.
 
I forgot about Hershey. He granted himself a Ph.D. in Trading Strategies back in 1958, and another one right after his tax lien fiasco. No one has ever finished reading his dissertations, however.

Let the learning begin.
 
Quote from ssrrkk:

I would say it's worth it if you manage to get into a good program, e.g., MIT's financial engineering Ph.D. The reason I think it's good is because you will learn a lot from it even though you may not write your dissertation on direct trading per se but for example on how microstructure affects efficiency or order flow etc. But unlike most who learn this on their own or on the job, at the end of the day you will have an MIT Ph.D. which will serve you good in the future and it will probably be the best investment you ever made. You have to be prepared for long nights of study however to pass comp exams which can be difficult if you are rusty with your math.

Agreed. +1
 
Quote from oldtime:

They have about five acres of woods where the hogs can forage full of acorns (in addition to nomal land.)

That's how I do it. Let them free range in a really big forested "paddock". The bacon out of these beauties is...unbelievable. Render the lard down...unbelievable.

It's good to be alive. :)

You ever trade those hogs?

No, that would be too much like real work. Grow enough to keep the family and close friends in fantastic meat (which effectively turns into bartering, I suppose, as they do favors back), not really looking to expand beyond that.

otherwise, let me know about that whiskey. My ex girlfriends old grand dad (the Haydens) was the original Old Grand Dad down there on the Ohio river. [/B]

Heh. American "whiskey history" is a neat story. Right now I'm experimenting with cold-temp rum distillation. Call it my "Hillbilly Rotovap", built out of an old chest freezer and surplus lab glass.
 
I'm kind of acey duecy on that, we were brought up Jewish and taught pork was evil and sinful. But everybody traded them up there on the merc. I personally never had the balls or guts or whatever you want to call it to trade Pork Bellies. But the rabbi always had a position on.

My mother was Christian and she use to make those big hams for Easter.

Now two of my kids are Jewish and one is Moslem. The only thing they can agree on is "Pork is Bad". Funny, because for years their aunt was the head of the Iowa Pork Council.

One of my daughters wouldn't even let her neighbor grill some ribs on her outdoor grill because she didn't want to "defile" it.

personally, I sneak in a little of that pepperoni on my pizza. But there is nobody here to watch.

Laugh if you want, you may think it is an old rural myth. But one day my aunt sent me out to the orchard with a galvanized pail and told me to pick up all the apples on the ground and feed them to the hogs. She may have underestimated just how determined I was.

And sure as shit, they got drunk that night on those old rotten apples and broke through the pen.

The funny thing was, in the morning, they were all back sleeping in the pen. All the boards were broken (that was back before they used hogwire) and there they were like nothing had happened. It must have been one hell of a night.
 
Quote from jack hershey:

Check out the rankings of top tier world class engineering schools.

The three above where I went or even the top 10 will bear fruit for you.

You are correct in that strategy is the name of the game. You will not be welcome in the financial industry. But you may want to work where the greatest "waste" of capital is occurring. They have more capital with which to pay you.

Collecting capital from niave capital providers is very rewarding.

I feel very strongly that the best strategy comes from least connected networks. I also feel that the key to strategy is being able to activate and deactivate parts of the proper networks according to the sequence of events that are transpiring.

So to an acquistion of knowledge then skills for become an expert in financial strategies look into where the theories are taught related to Carnap on logic and Keynes on paradigms.

For combining that with least connected networks also blend Alexander's Method into the mix.

This means you are sitting on the Berkeley Campus in the Mathematics Department. Your Economics and IT experiencee will not be helpful since they drive you away from where problem solving by the use of superior strategies, resides. Too bad.

In optimizing making money, speed is not a factor. The answer is in intertwining about 5 significant Orders Of events. Events replace time.

It took me a long time to figure out why about no one can come to this type problem solving solution to combine how ALL the strategies out there and meld them into a psychological model of behavior that has distinct measures (Parmetric Measures).

Most people get on a tractor and look ahead as they plough a single furrow in a field and go to the next field.

Its better to plough the whole field and then change tools to disc the field into the best conditioned soil for growing capital. "Wasted capital" is what to collect and grow.

bad memories and negative energy building up in my system.. time to do some energy therapy work before I blow chunks on the keyboard...
 
Quote from oldtime:

I saw an interesting doc on tv. An old family in Virgina has been rasing Berkshires for the purpose of selling their own smoked hams.

They have about five acres of woods where the hogs can forage full of acorns (in addition to nomal land.)

He says he is now buying hogs from as far away as Illinois, and can sell all the ham he can smoke.

But he insists all his producers raise hogs the same way he does.

On the other hand, my nephew just about lost the family farm when he and his friends incorporated and set up a hog operation. He bragged to me, "They never actually touch the ground, from birth to slaughter."

I must admit it was a clean operation.

You ever trade those hogs?

I was never very good at it. My grandfather bought them from Heinhold. His grandson was one of the brokers in our office.

otherwise, let me know about that whiskey. My ex girlfriends old grand dad (the Haydens) was the original Old Grand Dad down there on the Ohio river.

Our community (Bucks County, PA. 1759 homestead) trade was:

1. we bought 5 pigglets at auction. two and three of a kind.

2. Others supplied the feed.

3. we had the land (woods and sty) and did the care.

4. At about 180 pounds (around NOV first) half and half were smoked.

5. we kept two; they spread the other three around.

Everyone involved was Mennonite.

We also did a dozen sheep a year. wool traded for 7 blankets (Hudson Bay style) from Harmony Mills in Maine plus meat and sheepskins. One Sunbeam shared among families who also ranged sheep.

we canned 300 quarts a year and fed 4 families with fresh food and fruit.

120 pounds of honey a year.

7 cords a year for heat (red oak, white ash and silver beech).

60 tons a year for road dressing.

It was a good way for children to grow up.
 
Back
Top