Da Vinci’s Post

📢 A Day in the Life of a Quantitative Equity Trader at #citadel Are you curious about the daily adventures of a #QuantitativeEquityTrader ? Let's take a peek into the world of this dynamic role that allows you to work in various types of firms, including #investmentbanks, #hedgefunds, #assetmanagement firms, proprietary trading firms, and quantitative trading firms.! From managing risk to executing trades, quantitative equity traders play a vital role in the fast-paced world of finance. Join us as we explore a typical day in the life of one of our coaches as a Quantitative #Equity #Trader. 🕖 07:00 AM – 09:30 AM I start my day by waking up at 6:00 am Eastern Time, ensuring I'm ready to dive into work by 7:00 am. My initial focus is on monitoring live orders from Europe and assessing their progress during the mid-trading session. Following that, I review overnight fills from APAC, making any necessary adjustments to my trading strategy. Once everything is under control, I shift my attention to the pre-North America open phase.  🗞️ 09:30 AM – 12:00 PM As the North American market opens at 9:30 am, my primary responsibility as a trader is to execute orders while minimizing market impact. I employ various systems and tactics, such as algorithmic and block trading, to ensure efficient trades. Additionally, I analyze market activity and share valuable trade opportunities with Portfolio Managers, enriching the decision-making process. ⏱️ 12:00 PM – 4:00 PM In my world as a Quantitative Equity Trader, there's no traditional lunch break. I understand the need to stay connected to the trading desk at all times, as a split-second reaction can have significant P&L implications. I enjoy my lunch while monitoring the market and ensuring a backup trader covers any time I'm away from the desk. It's a demanding job that requires constant focus.   📚 4:00 PM After the market closes at 16:00, I wrap up the day by booking my trades and catching up on any pending emails. This time also provides me with an opportunity to work on side projects without interruptions. Whether it's backtesting new strategies or running simulations, I dedicate myself to enhancing my understanding of the market dynamics.  #QuantTrading #EquityMarkets #QuantitativeEquityTrader #TradingInsights Found this useful? Hit 👍 and share with aspiring quant peers!

Let the Quant Trading journey begin… I am very happy to share an exciting update on my main project over the last months. The decision to quit my job wasn’t easy at first, but after four months, I am convinced, it was absolutely the right one. It gave me the time to analyze and implement my own (quant) trading and investment ideas. Today, I would like to share the first results of my initial quant strategy that I am running live since the beginning of the year. The goal is to earn a market-neutral income significantly above the USD short-term rate with low volatility by exploiting mispricing in the markets. I’ve completed 17 trades so far with an average return of 1.57% per trade after fees. The holding period varied between 1 and 47 days with an average of 16 days. 14 trades were profitable and only 3 were not with one significant loss at -4.92%. This loss prompted a strategy refinement to mitigate future risks. Currently, I hold 6 open positions of which 5 are in positive territory. Stay tuned for further insights and performance updates. In the meantime, don´t hesitate to send me a message. I am always happy to chat about my projects. #QuantTrading #TradingStrategy #InvestmentIdeas #TradeUpdate #FinancialIndependence

Here's an invaluable nugget of wisdom I've uncovered throughout my trading career - less 'Chart Time' can translate to higher productivity! 📈👀 Ironically, I noticed my trading skyrocketed when my focus was diversified! There's something profoundly potent about only dedicating 2 hours to chart analytics and execution. ⌛💡 Flashback to a time when my eyes were glued to the charts for serpentine hours, a steep 12 hours per day! Fast-forward now, and this approach clearly feels counterproductive. So the secret sauce....Let your day be multicolored with varied engagements, just enough time allocation to charts, and witness your trading proficiency amplify!📊💼🚀

Quant Trading Strategy Performance Update I am very happy to finally share the March and April performance update of my recently launched quant trading strategy. If you missed my previous introduction post, you can find it here: https://lnkd.in/e8gBRntx March and April were very solid months for my “mispricing strategy”, making positive returns in both months, despite the challenging market environment in April. This was the first live proof that the market-neutral characteristic of the strategy indeed holds true. The internal net P&L goal of the strategy was fulfilled by 120% for the two months, driven by a more active management of positions. Average holding period is 14 days so far compared to the strategy target of around one month. Since inception, I’ve completed 51 trades with a median return of 0.99% per trade after fees. The return distribution of the strategy is clearly right-skewed, which is mirrored by the hit ratio of the strategy. In total, 76.47% of all completed trades provided a positive return. In March and April, 22 trades were closed with a gain and just 8 trades with a loss. Currently, I am holding 6 open positions. I’ll keep you updated with more insights this month. In the meantime, don´t hesitate to send me a message. I am always happy to chat about my projects. #QuantTrading #TradingStrategy #InvestmentIdeas #TradeUpdate #FinancialIndependence

One of the best pieces of trading advice I ever received was, "The most profitable trades are when you have the opposite trade to everyone else (and they are wrong)" It doesn't mean we should always be contrarian. But we do need the ability to find and take trades that are against the herd (trend). We will need to analyse markets in a way that enables us to do this and be able to structure trades that allow us to hold them because they can be harder to time. If you only trade with the trend or momentum you are less likely to find these trades and may even be on the wrong side of them on occasions. Similarly, in my experience, pure quant/data traders find it harder to find and execute these contrarian trades. So ask yourself, 'Does my analysis and trading style allow me to find these opportunities?' N.B. Using so-called 'overbought' and 'oversold' t/a 'indicators' does not constitute a robust way of finding these trades. Such 'indicators' are notoriously unreliable to the point of being practically useless.

What are the different types of Quant and which role pays the best? Learn the differences between: - Quantitative Trader - Quantitative Researcher - Quantitative Analyst - Quantitative Developer Check out the full article here👇 https://lnkd.in/eJzwUP43

4 Steps to Becoming a Quant Trader

HOW TO BECOME A PROFESSIONAL TRADER What Is A Professional Trader? Upon getting trading knowledge and getting real money from your trades, you need to consider becoming a professional trader. But what makes a professional trader? Professional traders take trading as their full-time career. They understand finance and business and use their knowledge, experience, and skills to earn money from financial markets. They spend a lot of time analyzing present market situations, creating trading strategies precisely tailored for the asset they specialize in, and executing them to profit from successful trades. They can:- 1. open and close trades on the same day (day traders) 2. several days (swing traders). Each trading style has distinct appeals, and experienced traders can decide on what they want to specialize in. KEY TAKEAWAYS ✓ Professional traders make trading their full-time job and can work for a company or be self-employed. ✓ Professional traders need to figure out how financial markets work and understand how to create their strategies and techniques to ensure successful results. ✓ The trading enterprise is predicted to grow in the next decade, so now is an incredible opportunity to become a professional trader. ✓ Working for a corporation as a professional trader is more stable, whereas being a self-employed trader lets you manage your work atmosphere as per your wants and needs. More next weekend.. Have a pipful week!!!

I just completed Standard Bank 's Global Markets Trading on Forage. In the simulation I: Completed a job simulation involving global markets trading for Standard Bank's equities trading team.  ○Researched and summarized recent economic and geopolitical events.  ○Determined the potential impact of recent events on the bank's equities portfolio and other asset classes.  ○Crafted stock trading recommendations based on qualitative and quantitative research. Check out the simulation here: https://lnkd.in/gVztSV49

I'm happy to share that I've completed the 𝗕𝗹𝗼𝗼𝗺𝗯𝗲𝗿𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗻𝗰𝗲𝗽𝘁𝘀 (𝗕𝗠𝗖) program! Through this program, I've gained a strong foundation in various financial concepts, including : 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀: Understanding how to analyze key economic data releases and their impact on markets. 𝗖𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁𝘀: Delving into the mechanics of currency trading and exploring its historical context. 𝗙𝗶𝘅𝗲𝗱 𝗜𝗻𝗰𝗼𝗺𝗲: Learning about the intricacies of the bond market, including different types of bonds and their valuation. 𝗘𝗾𝘂𝗶𝘁𝗶𝗲𝘀: Gaining insights into the world of equities, including the nature of stock ownership and its appeal to investors. Bloomberg Terminal Basics: Familiarizing myself with the essential features and navigation of the Bloomberg Terminal I'm confident that this knowledge will be valuable in my professional journey, and I'm eager to continue learning and expanding my understanding of the financial world.