Can someone explain what the heck it is that Renaissance do? I understand they are a quant fund, they use math and statistics but what the hell is their edge? How do they keep doing it?
Renaissance keeps making billionaires
- Thread starter Maverick74
- Start date
Magic plus holy grail.
I'm actually a quant though. Like I do research and trade professionally for a living. I'm on this forum because I have had productive discourse with some members. I will now shift attention to what is truly of interest: what bits of information do we know about Rentech?
I wonder if that hold time has decreased, 15 min is an eternity in today's markets.
This thread title is about best in the business,you screw up the moment you posted your drivel.
Try to read your posts when you done some proper testing and know ranges of distribution with different win rates and pay outs.
After reading this post there was nothing left but entrainment value.I started thinking that M in your nick stands for Madoff trader.
https://www.elitetrader.com/et/thre...-use-ta-to-profit.294481/page-26#post-4187493
Fake claims could very much be the reason that there is less collaboration.Even positive expectancy systems don't have stable win rate or win size.
Say hello to statistical probability theory,and even if you fail to read and analyze it your tests would show how exactly it manifests itself.
http://www.jltrader.com/wp-content/...ability-Theory-Related-to-Trading-Systems.pdf
Long time ago i done tests of intra-day charts of different trading instruments every 2min bars and i seen distribution of returns based on all kinds of stops.
Short therm markets are efficient majority of the time and you have spread to overcome, you are fake and you been find out.
I would like to give credit to Harry M. Markopolos for voicing his concern in the real Madoff case.This man is a giant.
I will refrain from replies for the good of this thread
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No, I am not implying, it is your imagination.
All bashers have 1 thing in common: they can even not read correctly very simple sentences with no difficult english words in it. They always seems to read something else then what was posted. No wonder they don't make money in trading, as reading simple sentences is already the first obstacle for them.
Some valid information is not the same as sharing all the secrets. Besides, bashers don't believe anything I say, so why share things they don't believe in? A waste of time.
All I have surmised is that they do a ton of data mining and apply statistics/physics/math to detect structures that they can exploit. That's vague enough to be completely useless.
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Alias is always a danger flag; i usually read the alias on top page @ US post office crooks paper[looking for patterns] LOL[ +M t turtle is a nickname not an alias.LOL] Strange fund, they pay dividend$+ like noise+ one of the mangers has a large collection of machine guns[lot of noise LOL]
Pure price action trading using simple patterns, S/R, Fib levels, etc. You can learn it for free from the billionaires on here or at Forex Factory.
In all seriousness, we don't know much more than what nooby_mcnoob said. They're not going to give any specifics and I don't blame them.
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I read what they do, NOT much they noted. BUT one of them has polar bear hair[color]. I like the elitetrader saying ''ignore noise, unless its your wife LoL ''T hey do the other way; one of them has a machine gun collection, so they must LOVE noise LOL
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It's definitely not pure price action. I've spent a few days listening to various YT interviews with Simons and what I've figured out is that they data mine for leading indicators of price action. They do form a hypothesis first, afaict. What probably makes them dangerous is they have likely figured out a way to generate hypotheses and test them automatically.