seriously the best channel on youtube for trading relating information. this channel is the short cut to understanding an enormous amount of knowledge

Ernie is an absolute genius and quant rocket scientist. We are indeed fortunate that he graciously and generously chooses to share his exceptional intellect and insight.

@ChatWithTradersPodcast

7 жыл бұрын

+WallStWarLord - yeah, Ernie's great. I've also read one of his books, which was really good.

@schrodingerscat3912

7 жыл бұрын

Ernie's books are the first to truly open me up to modern finance and trading. before his books there was nothing but heavy fog in my understanding. I'm really lucky that I landed on his material

@tictoc5443

6 жыл бұрын

does anyone know his performance stats?

@metaparcel

5 жыл бұрын

Speak for yourself. I hate when ass kissers speak for others. He's a smart guy obviously but look at the facts and his success as trader rather than whatever his IQ or insights are. He knows what he's talking about it seems but at the end of the year people want the bottom line performance, regardless of intelligence level. Calm down cheerleader.

@bluepavilion82

Жыл бұрын

@@ChatWithTradersPodcast what's his books?

He is so humble.

I like that he gets straight to the point in his books.

Excellent interview, thanks for posting and the lengthy duration.

Absolutely hooked to this channel!

Damn!! That was a great discussion. Love hearing Ernie talk candidly about quant trading

@makers_lab

3 жыл бұрын

In no way a discussion, but Ernie was great to listen to as always.

The value in this interview is ridiculous. Thanks

Thank you. The divisions made between mean reversion and momentum based approach was enlightening for me in addition to discretionary benefits compared to algorithmic. I am moving deeper into this area of trading I look forward to focusing on the data more and testing.

@raymondphilip6232

3 жыл бұрын

How did it go

Ep 52 Ernie Position sizing is key. Even if you're learning from someone you look up to, don't copy 100% because the teacher could withheld some crucial information. If you want to get into quant start by automating and backtesting the simplest setups you know of.

Glad Ernie is willing to share his expertise

@amgineco

3 жыл бұрын

Of course though.. sharing expertise NOT the same as sharing "the system"..

"Fit well -> Over-fitting but lack of prediction power. Make sure it's simple enough and sensible"

@spadbob24

4 жыл бұрын

Causality ?

I really appreciate this episode. It is difficult with this channel sometimes. You interview a mix of very intelligent traders that provide valuable information; And charlatans.

@90deltaderivatives35

3 жыл бұрын

Can you differentiate the charlatans? Curious how you know.

@We_Have_Ignition

3 жыл бұрын

@@90deltaderivatives35 There's no rigid criteria - have to decide for yourself. Some heuristics could be: Do they have something to sell, from which they derive a majority of their income? Are they excessively self-promoting in the podcast? Do they lack relevant employment experience? Extensive employment at well-known firms - like Ernie here - would be a good indicator of honesty.

@amgineco

3 жыл бұрын

@@We_Have_Ignition MAYBE.. BUT one could be blinded by the "job history " OR "accreditation" of the subject.. this type of charlatan is one that often gets over on "intelligent" people!

@90deltaderivatives35

3 жыл бұрын

@@amgineco exactly my friend, that was kinda what I was getting at. I would consider myself to have a very good bullshit detector, but until someone gets extremely in depth into a subject you kind of truly never know, especially if they have a good tenure.

@90deltaderivatives35

3 жыл бұрын

@@amgineco of course there are “vibes” and intuitive feelings into this as well.

Awesome ... you asked very good questions!

I'm so glad I found this channel. I read Ernies book Algorithmic Trading the day I finished by degree. It was fantastic and the matlab coding examples are still available online even after all this time.

@kwekuodum7271

Жыл бұрын

Have you developed a quant model to trade so far?? if yes how did it go

@Random_dudebro

Жыл бұрын

​@@kwekuodum7271 Many many many. Most of them failed due to classic over-engineering issues, others failed due to being too dependent on specific regimes. I am managing a sizable sum of cash still but it's a mixture of approaches 1. Long/Short equity options portfolios (with some futures options added in) 2. My own Rebalancing portfolio designs with ETFs. ETFs are the best instrument, if you can imagine it, there is an ETF for it.

@kwekuodum7271

Жыл бұрын

@louis Dwyer have you thought of using python machine learning and data structures to derive news feed from Bloomberg and other resources to influence your trading decisions or better put develop algo’s & quant models to trade on your behalf on the forex exchange market, because it very volatile and I think there’s a lot of potential there , that’s where Renaissance technologies capitalized more

@noor-rrr

7 ай бұрын

are u saying quantifying news sentiment ?

Very honest discourse.

Brilliant question mate 18:20

*47:25** ; **48:23* *50:04** ; **50:31* *52:52* ; *50:46*

Thanks!

I'd be interested in metrics of top level algo developer vs top level discretionary trader.

@17teacmrocks

3 жыл бұрын

easy. just look at performance systematic funds like citadel vs [primarily] prop shops like jane st and family owned hedge funds. in my exp, systematic beats discretionary except when discretionary has insider info

@mmm-cake

5 ай бұрын

Insider info is against the rules of trade and shouldn’t be considered in a comment such as yours unless jealousy is a factor. Sometimes a group of intelligent traders may outperform algos in a server farm; that’s no reason to throw rocks in the glass house. Market is ever changing.

Genius man.

Whats the historical performance of their strategies? Benchmark , Sharp ratio, etc?

this is an excellent interview thank u for posting. is there a way that ernie provides training etc?

@ChatWithTradersPodcast

8 жыл бұрын

+Mr International - thanks, I'm glad you liked the interview. I believe Ernie does some workshops, he also writes on his blog and has a couple books. You can find links to all of this in the show notes here: chatwithtraders.com/ep-052-ernie-chan/

@immortalsofar7977

3 жыл бұрын

@@ThomasCCook I took a look at the EPAT program from your link. Having probably completed it by now, do you still recommend it? Any negatives? Thanks!

@ThomasCCook

3 жыл бұрын

@@immortalsofar7977 YES. I highly recommend it. They have an incredible program for the cost. They have several free courses you can try via Quantra to get an idea of the quality of content. But yes, I highly recommend their program.

Here's some gold: "Because of the lack of diversification for a discretionary trader, it is very likely that your Sharpe ratio will not be as high as a well diversified algorithmic trading portfolio" In other words, algo trading is way harder than you originally anticipated.

@adriangoh4182

2 жыл бұрын

how is that the implication from that statement? it is ideal to want a higher sharpe ratio

Good Technical 1. General; advice - strategy

Isn’t the solution to having a model that works in practice is to dry test the model live in prod, seems like that is almost table stakes before running a strategy with live funds, assuming your strategy itself does not modify the market measurably

Wow... i need this translated.

He mentions MatLab what about the Wolfram Language (a.k.a. Mathematica)?

Seems rather intuitive - can't replace a book with a podcast but eh nice nonetheless

please, turn on CAPTION

@ChatWithTradersPodcast

11 ай бұрын

Turned on.

All the Chinese were best on my MSc in financial mathematics course

2022

he only spoke of backtest ,what about forward test,don't quants do in sample and out of sample testing ?

@DimitriBianco

5 жыл бұрын

Yes, many of us do forward (validation) testing as well. For banking it is required.

@raymondphilip6232

3 жыл бұрын

@@DimitriBianco hello

Severn year old AI is like talking about Model T cars.

🙏❤️

Can you add Turkish subtitles please

I WANT TO LEARN QUANT TRADING

@raymondphilip6232

3 жыл бұрын

There is nothing to learn, u only need to experiment everything

@prashantpatadia2586

3 жыл бұрын

@@raymondphilip6232 you tried everything

@raymondphilip6232

3 жыл бұрын

@@prashantpatadia2586 yep i tried everything and made my own system

@prashantpatadia2586

3 жыл бұрын

@@raymondphilip6232 that's great

@godsonirabor4971

3 жыл бұрын

what lanaguages do you need to learn

wooo

Harold?

@mitesh8utube

4 жыл бұрын

Nope. Chinese Kumar.

Really wanted to know People without Maths Background Can they learn Quant Trading??

@Acid31337

5 жыл бұрын

They just learn enough math to do it. It's quite small amount to learn.

@kevtherev8194

5 жыл бұрын

NO

@ivoriankoua3916

4 жыл бұрын

@@NM-ex4jk Not All , You need to cover Stochastic , Markov Chains , Complex Analysis ,Group Theory .....(and many other that I forget to mention)

@ivoriankoua3916

4 жыл бұрын

@@NM-ex4jk All the info are avaible online for free , there's a reason why top Bank only hire PhD student for those job , and even in quant curriculum those course are clearly stated.

@ivoriankoua3916

4 жыл бұрын

@@NM-ex4jk You was referencing about Quant and mention KhanAcademy (that's complete nonsense) , I do trade using Price Action not Quant and yes I'm aware that's only 5% of Trading but for this discussion, the remaining 95% doesn't matter as we are talking about Quant foundation , KhanAcademy can't provide you that , which real experience do you need for that (common sense perhaps...)?

Interest narrowed because of pile of money Ernie can earn.

for the fuck sake plz enable caption subtitle

Smart cat

Haha typical sign of failure in brownian motion, weiner process, ito lemma

ERNIE CHAN WORK FOR STARTRADERS.COM ASK DAVID LAUER. THANKS CLARENCE A WHITE.