@intpgemz
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New day, new possibilities
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Joined April 2022
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Ken Griffin, who runs Citadel, just admitted that the most expensive skill of his quants, the one he paid them millions for, now costs nothing
And for the first time in history, that skill belongs not just to a hedge fund, but to anyone with access to AI
A fund's entire quant team runs one cycle: come up with a strategy, turn it into code, test it on history, deploy it to the market
Every step used to cost separate people and years of training. Now AI does the whole cycle
You describe an idea in words, it writes the strategy itself, runs it on years of real data, and if it's alive, deploys it straight to a broker
But the speed isn't the point. The point is what the retail trader doesn't understand
You take a strategy with a beautiful chart and you believe it. But a beautiful chart is no proof
Run enough versions and a profitable curve will appear even on random numbers. One just got lucky, and you decided you found gold
Funds don't trust any curve until they test it on data the strategy has never seen. There the fit falls apart, and a real edge survives
I ran two of the most-cited quant papers through this cycle
Time Series Momentum on Bitcoin: +1,537%. Alive
Betting Against Beta, a classic from every textbook: minus 7.78% a year while the market rose 14.86%. A corpse
One still prints money, the other died long ago. And trading blind, you'd never know which is which until it took your deposit
If you want to run your own idea through the same test, it takes minutes here (free trial after signing up): join.horizon.trade/qwinsiiii
The entire hedge fund is six steps. AI already ate four of them. Which ones, I broke down in the article below
Full Throttle retweeted
Ken Griffin, who runs Citadel, just admitted that the most expensive skill of his quants, the one he paid them millions for, now costs nothing
And for the first time in history, that skill belongs not just to a hedge fund, but to anyone with access to AI
A fund's entire quant team runs one cycle: come up with a strategy, turn it into code, test it on history, deploy it to the market
Every step used to cost separate people and years of training. Now AI does the whole cycle
You describe an idea in words, it writes the strategy itself, runs it on years of real data, and if it's alive, deploys it straight to a broker
But the speed isn't the point. The point is what the retail trader doesn't understand
You take a strategy with a beautiful chart and you believe it. But a beautiful chart is no proof
Run enough versions and a profitable curve will appear even on random numbers. One just got lucky, and you decided you found gold
Funds don't trust any curve until they test it on data the strategy has never seen. There the fit falls apart, and a real edge survives
I ran two of the most-cited quant papers through this cycle
Time Series Momentum on Bitcoin: +1,537%. Alive
Betting Against Beta, a classic from every textbook: minus 7.78% a year while the market rose 14.86%. A corpse
One still prints money, the other died long ago. And trading blind, you'd never know which is which until it took your deposit
If you want to run your own idea through the same test, it takes minutes here (free trial after signing up): join.horizon.trade/qwinsiiii
The entire hedge fund is six steps. AI already ate four of them. Which ones, I broke down in the article below
This has increasingly become a concern of mine in “trading”
Consistently trading is becoming more and more of a losing strategy I would imagine for the average “trader”
Oil dipping in this environment is good for everything
BREAKING: Oil crashes below $90 as Russia-Ukraine energy ceasefire raises expectations of increased Russian oil supplies.
I really can’t believe flock cameras became a thing
Flock …. Cameras ….
Maaaan… if I were to completely speak my mind id probably lose 50% of my followers
I am plagued with retards copy posting each other saying
I got the next 1000x coin (or something a long the lines)
Please shut up
You sound like an idiot
