[Chicago] traders vs coders

[Randy Baxley]

Never read any of this stuff.  Putting on a haircut or buying chunks on the
way or selling chuncks on the way down was about as much fun as I could
stand.

http://www.amazon.com/Risk-Arbitrage-An-Investors-Guide/dp/0471248843

On Sat, Sep 19, 2015 at 5:35 PM, Jason Wirth <wirth.jason at gmail.com> wrote:

> Depending on whether or not you think the market is efficient there's
> other opportunities.
> On Sat, Sep 19, 2015 at 5:29 PM Jon Sudlow <jsudlow at gmail.com> wrote:
>
>> Thank you for the insights gentleman.
>>
>> The first company I worked for was a prop trading company and I did
>> experience the burn and churn. I was greener than a lime back then.
>>
>> Your correct about the latency issue. They want you to be super familiar
>> with it because if they could prove the trade didn't execute fast enough
>> they could get their money back on un favorable trades.
>>
>> Thanks again for your tips - really informative
>>
>> -Jon
>>
>> On Sat, Sep 19, 2015 at 4:32 PM, Randy Baxley <randy7771026 at gmail.com>
>> wrote:
>>
>>> 4, 5 and 12 are just fun reading even if you do not plan to trade.
>>>
>>> https://www.stocktrader.com/investing-books/
>>> .
>>> I have not read 10 but would say skimming it and the other charting book
>>> would be a good idea unless someone has some good recommendation for a
>>> charting book.
>>>
>>> I am fond of neural networks myself and finding models that fit a
>>> traders sensbilities to velocity and drawdowns.
>>>
>>> On Sat, Sep 19, 2015 at 3:20 PM, Jon Sudlow <jsudlow at gmail.com> wrote:
>>>
>>>> Does anyone have any books or references about the development of
>>>> computerized trading systems that will shoot straight with you and not
>>>> attempt to sell you a 5 step system? How would you train for a job like
>>>> this? Looks really cool.
>>>>
>>>> On Sat, Sep 19, 2015 at 3:10 PM, Jimmy Calahorrano via Chicago <
>>>> chicago at python.org> wrote:
>>>>
>>>>> worth to share!
>>>>>
>>>>> Why Goldman Sachs is replacing traders with coders
>>>>>
>>>>> http://www.independent.co.uk/news/business/why-goldman-sachs-is-replacing-traders-with-coders-10503906.html
>>>>>
>>>>> Jason we should bring someone from GS to the finance meetup ;)
>>>>>
>>>>>
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