
Adam
72 posts











ARE THE QUANTS RIGHT!? IS DAY TRADING A FOOL’S ERRAND!? I am tired of these ignorant threads. I would like to Livestream a debate. Myself and @baynkr debating the merits of discretionary trading against @AgustinLebron3 and @macrocephalopod. For a few months now there have been two notable quants on FinTwit ranting that discretionary trading is near-impossible (or at least not worth anyone pursuing): @macrocephalopod and @AgustinLebron3. It is my belief, they are speaking out of their ass having come from a different side of the industry and the same way I have no business speaking about the quant side, they have no business spreading misinfo to the masses on the discretionary side. I particularly believe that @AgustinLebron3 has no freakin clue what he’s talking about on the discretionary trading side of the business (particularly stuff like his claim that a firm needs to be a broker-dealer to be legit lol). I acknowledge that @macrocephalopod has far more balanced and reasonable views. For quants of appreciable intelligence, they both though somehow make the most basic of logical areas again and again. Just because most traders fail, doesn’t mean you will fail and shouldnt pursue it. It also doesn’t mean it’s a worse expected value than other pursuits. Who wants to see this convo happen? Each side presents their claims, evidence, and debates each other’s points? Because my god am I ready to rip apart some of the dumb shit Agustin keeps saying on this app.

The upcoming Market Wizards book is approaching completion. As such, @jackschwager and I have decided to release the names of the traders included in the book and their associated X handles. Here they are: Kristjan Kullamägi @Qullamaggie Lance Breitstein @TheOneLanceB Simon Russo @simonrusso__ Lukas Fröhlich @TheShortBear Phil Goedeker @Tradestl Kelvin Chiu @KC_SilverCape Jason Berry @Positive_Equity Kenny Sharkness of @smbcapital (Kenny has no public X account) Rick Bandazian Jr. @Off_The_Tape Looking forward to sharing the book with the world! If you'd like to pre-order the book, you can do so here: lnk.to/marketwizardsn… For discounted bulk orders (US only) go here: bulkbooks.com/products/marke…
















There are almost no great traders who make 100% a year (consistently, and without blowing up). Someone making that is more likely to be a very bad trader who has got lucky. In theory with a SR of 2 running at half Kelly you could make a CAGR of 100% a year, but ...













