Steps Needed to Become a Quant Trader

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Old May 23, 2018, 1:00pm   #1
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Steps Needed to Become a Quant Trader

We've just published a new T2W article called "Steps Needed to Become a Quant Trader" by Shobhit Seth.

Quick Summary: Shobhit Seth explains what is needed to make it as a Quant trader.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
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Old May 23, 2018, 2:18pm   #2
 
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Wanna be Quant? Probably not anymore after reading this

Interesting article about how to be a Quant https://letyourmoneygrow.com/2018/05/13/wanna-be-quant-probably-not-anymore-after-reading-this/
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Old Jul 6, 2018, 7:32am   #3
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Re: Steps Needed to Become a Quant Trader

Life of quant trader is actually very interesting! Their concepts, strategies, and skills are the best to trade.
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Old Jul 6, 2018, 8:07am   #4
 
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Thanks for a morning article to start the day.

Thing I learned from this, is that Quants seem to be no better than conventional traders.

Despite having multiple degrees in maths and engineering and programming:
* they still need a "traders temperament"; maths is not enough, they still need to find patterns that are profitable.
* they are taking similar risks to conventional traders. "they can make 10 trades, lose on first eight, and make profit on last 2". I read that in Murphy, Alan Farley, et al. Thats a meme going back to Livermore.
* "comfortable with failure": markets are dynamic, good ideas become unprofitable. All their maths knowledge doesnt protect them from a changing market.

Broadly, it seems the issues normal traders face, the quants face as well. Their maths doesnt save them. its almost like algos are the new "indicators". (Not knocking indicators. I use them all the time.)

Might have been more interesting to know how often quants trade per day, their preferred time-frames, the size of the market move they aim to gain, etc.
How may quants go bust as opposed those that keep going to profitability, etc.

Article was too broad, and superficial.

Gave it a 5.
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