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Apathetic Trader
@ApatheticTrader
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Small-Cap Quant | From $10k to $3.8 million in 3 years with data driven trading | AI Obsessed | Follow me for signal against all the noisiness and fraud
Earth
Joined June 2017
Slower start in the interview, but loosened up as things moved along. Hope this is helpful to your journey! Shoutout to a few helpful accounts along the way: @TheShortBear
@modern_rock
@kroyrunner89
@Michael_Katz11
@CiocanaTrader
@jtraderco
@madaznfootballr
@inefficientmrkt
NEW EPISODE 291📢 Small Cap Quant Trader Grows $10k into $3.8M in 3 Years | Sam Miesse @ApatheticTrader From tech sales to trading. Applying the predictable & repeatable aspects of human behavior into quantitative trading...🙏 Ian Cox and @tessa_dao
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Very true… The exact entrances/exits don’t need to be matched to the second for an edge to be flattened. Dilution/erosion is like the filling of a cup that once filled spills over and goes on to flood and erode larger contexts. The crowd grows wider impacting a larger horizon.
We've talked about this a lot recently and we do "erode each other's edge". Evan and I have the unique perspective of being able to see what happens when competing with exact entrances and exits, and being able to track the increase in slippage when attacking a stock at the same exact time. It's real, and it can be substantial. We've actually put work in adjusting certain strategies to make sure we are not in each other's way. It's watching this happen just amongst us two brothers without millions of trading dollars, that has solidified our beliefs in edge erosion. Evan had this interview a few months ago, and admittedly we have swayed back and forth in our feelings about edge erosion, but recently we've pretty much settled on it's very real. And if it's real between just us two, imagine how real it is between hundreds of people. Most of these "hundreds of people" aren't competing for exact entrances, but I think the theory could extend to a larger context when involving more people.
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