Serious question about automated quant trading for the person of average intelligence

Quote from Rodney King:

There's often a broad confusion between "what do I need in order to start trading" and "what do I need in order to work at a bank creating derivatives". This post might be an example.
More...

Wonder if you read the OP's request before commenting?


What is the best way for a guy like me to get into this stuff
More...

He was referring to getting into the quant stuff that is discussed on the Wilmott forums. I gave him an apropriate answer.

I make no assertion about the merits of what he wants to achieve or the relevancy to his trading. That's for him to decide.
 
Quote from byteme:
He was referring to getting into the quant stuff that is discussed on the Wilmott forums. I gave him an apropriate answer.

I make no assertion about the merits of what he wants to achieve or the relevancy to his trading. That's for him to decide.
More...
Could it be that the OP was asking the wrong serious question?
 
Quote from rwk:

Could it be that the OP was asking the wrong serious question?
More...

Perhaps. Once the OP has learnt enough math to be able to decipher the notation and language used on the Wilmott forums, he/she may realize it's not what they were looking for.

Then again, it may be exactly what they were looking for. Perhaps the OP wants to automate some stat arb? The stochastic calculus probably isn't going to help there but the linear algebra just might.

Who knows?
 
Quote from Kovacs:

So I visited www.wilmott.com, expecting more rigorous, empirical discussions on trading. To my disappointment, I got exactly that. Most of it went over my head. I understood what they were talking about at a high-level, but the details baffled me.

I'm not innumerate, but my math skills are merely average. My trading now just consists of executing around support and resistance, and this other world seems completely alien.

What is the best way for a guy like me to get into this stuff so I can start building models for automated trading?
More...
Forget about math models.
Remember LTCM?, complex models by four nobels meant blowup.
(and they even owed big money)
 
Quote from crgarcia:

Forget about math models.
Remember LTCM?, complex models by four nobels meant blowup.
(and they even owed big money)
More...

The model didnt do them in.
 
From Joshi's list of recommended reading:

"Credit Derivatives Pricing Models: Models, Pricing and Implementation" by P.J. Schonbucher. Credit derivatives were a booming area. Schonbucher introduces and discusses many of the standard models with a reasonable level of detail.
More...

LOL. Btw, I have one of his books, it's very dry (forget the title at the moment).
 
Quote from byteme:

Perhaps. Once the OP has learnt enough math to be able to decipher the notation and language used on the Wilmott forums, he/she may realize it's not what they were looking for.

Then again, it may be exactly what they were looking for. Perhaps the OP wants to automate some stat arb? The stochastic calculus probably isn't going to help there but the linear algebra just might.
More...

Yes. First, figure out the problem(s) you're tackling, then go find the tools and skills you need for the solution. The OP is looking in the wrong end of the telescope by reading a pile of math books without any idea of their relevance to his subject domain. Not a fuel-efficient way to run your brain.
 
You must log in or register to reply here.
Back
Top