Pedma

Age 3 Yıl

Peak Tier 0

No content yet

pedma

1h ago

the anchoring of life expenses to the lowest possible value so that volatility above that anchor is irrelevant.
I actually like this a lot, was just hearing Hormozi talk about it. I've always tried to keep that anchor for myself as low as possible. it allowed me to take risks that I wouldn't have otherwise. I don't have things I'd like to have, and could have, but prefer not to as I am still in the risk taking phase of my life. I can just press much further than most people, because it's irrelevant for me if I lose a large chunk of it.
if the anchor for basic expenses is low enough, any volati

1 Likes

Reward
1
Comment
Repost
Share

pedma

15h ago

getting an office job to work less and leave the house more

2 Likes

Reward
2
Comment
Repost
Share

pedma

15h ago

going to get an office job to stop myself from working so much and leave the house

1 Likes

Reward
1
Comment
Repost
Share

pedma

18h ago

I think was Charlie Munger that talked about the inversion model to tackle ideas. instead of focusing on making it a success, the question is what would guarantee it to be a failure. and address that first. if the easiest points of failure are addressed , or at least mitigated, only the ones you don't know about might get to you.
the rest is upside.
the hope is that while on the job you find those that you don't know yet, and eventually are addressed. but neglecting the ones that you know is a fatal mistake. a gamble that you want to be getting paid for. if you're just being lazy, oh well, the

1 Likes

Reward
1
Comment
Repost
Share

pedma

18h ago

I often think about FTX and start thinking about the tails ive been so badly disregarding. yeh sure, apples to potatoes. but is it? doesn't matter how good a bet is, I don't want to bet the farm too long. I've bet the farm, and will do it again I'm sure, but don't turn a short term bet to a sit and hope for more situation . you ain't a gambler son. at least not a good one.

Reward
like
Comment
Repost
Share

pedma

03-23 09:40

if you see someone sharing a specific trade to do, here on x, they're either grifters, naive fools or you're about to get adverse selected. no one giving you free trades bro.

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-23 09:29

if you see someone sharing a specific trade to do, here on x, they're either grifters or you're about to get adverse selected. no one giving you free trades bro.

Reward
like
Comment
Repost
Share

pedma

03-23 09:18

I get that AI won't make you a profitable trader. skill issue kinda stuff innit. but man the speed I've been able to build at, that are direct pnl improvements, I can't even compare 1 year ago. leveraging the little i knew about trading from before, ofc, it aint giving you alpha.

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-22 16:59

I am still shocked on how bad @netflix screwed up the peaky blinders movie. impressive how bad these people are. I mean, it's a skill to be that bad. idk, even bad story tellers would have to be make an effort to make something like that crap. oscar for slop, they'd get it.

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-20 07:07

one of my main flaws is that I've never traded true alpha. I have touched a few rare pure alpha trades in the past, but never at capacity.
I am always impressed by people that find weird quirks in the books, or an inefficiency deep in the docs and trades that for profit. I have never been able to do that.
this is a skill issue. but it's something I want to get better at. maybe it's not my field, yet , I feel like I have to do it.
I have so much to improve in my main models though, and this will take time, as I will spend a lot more time digging through things, rather than focusing on stuff I

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-19 09:11

oh thanks , "just improve adverse selection", seems like a simple issue I didn't know about mr quant researcher.

Reward
like
Comment
Repost
Share

pedma

03-17 08:03

today i dreamed about an idea for an improvement to my main strategy. am I going crazy. but its legit good and im gonna spend the day testing it. need holidays when youre dreaming about our job.

1 Likes

Reward
1
Comment
Repost
Share

pedma

03-17 07:52

I may have very dumb models but I understand them and their risks to their core.
to me is important when going through drawdowns, it makes that experience much easier because I know whats going on quickly.
add a bunch of complexity and that would just make my adhd go insane.

Reward
like
Comment
Repost
Share

pedma

03-14 21:50

just do something bruv
trust me , its's worth it
after all, whats there to do , if not something you're into
it just makes life better
pursue beauty, somehow

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-14 21:46

don't usually like quotes
truly like this one though
by the goat himself
maybe something to consider

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-14 09:30

gap between short and long risk adjusted exposure on my crypto port getting smaller.
the large majority of the book carries delta, so I can still pick up these changes in directionality.
although the share of market neutral strats in the portfolio is increasing.

1 Likes

Reward
1
Comment
Repost
Share

pedma

03-14 07:24

another week where I spent 75% of my working time fixing bugs and building features (mostly for dashboard).
this is a pattern I want to break because I could be developing new models, finding new trades, and im spending most of my time on maintenance.
there's a solution to this and is to hire someone you trust to handle all the feature and bug side of the business, which is something I am actively looking into.
I do believe that over time the amount of bugs I find will trend towards 0 as I build better controls every time I find them. but it's still a struggle.
these past 6 months I had to ine

2 Likes

Reward
2
Comment
Repost
Share

pedma

03-12 08:29

imagine dying and not letting anything written for your kids, family, etc.
a collection of your story, your most valuable lessons, successes, and perhaps most importantly, failures and what was learned.
I think they'd appreciate that because I definitely would.