How to think about trading strategies like a quant – Derek Wong



EP 097: How to think about strategies like a quant and diversify like a boss w/ Derek Wong On this episode, I have our very first guest from China; Derek Wong—he is the Director of Systematic Trading and Options at a private fund in Shanghai. Initially though, Derek got his start in the agricultural pits at the CBOT, then following on from this, he’s worked at various quant shops in Chicago, South Korea, and now days, mainland China. After discussing Derek’s backstory, we talk; emerging markets, cultural differences of Chinese investors, convergent and divergent strategies, diversification, and some slightly unconventional ways of thinking about how you trade. Additionally, Derek also has some awesome insight for traders who are discretionary and what traders should focus once reaching profitability. - - - - - - LINKS - - - - - - · Show notes: https://chatwithtraders.com/ep-093-ben-blb-capital · More interviews: https://chatwithtraders.com · Free resources: https://chatwithtraders.com/resources · Sponsored by TradeStation: http://www.tradestation.com/ · Twitter: https://twitter.com/chatwithtraders · Facebook: http://facebook.com/chatwithtraders · Instagram: https://instagram.com/chatwithtraders_ · Soundcloud: https://soundcloud.com/chat-with-traders · Stitcher: http://www.stitcher.com/podcast/chat-with-traders

Comments

  1. Very interesting. Great questions Aaron.
  2. Highly enjoyable for this talk. Have similar concepts like Kevin Davey.
  3. Another thing he didn't mention about China's stock market is that it is more of a casino rather than a market as the name suggests. This is partly because Chinese people in general like to gamble; just go to any big casinos in the world, you are guaranteed to see Chinese around. Also, not many people want to learn how to trade, they think inside information is more reliable. I back-tested 500+ shares and totally 10000 trades, you know what, I can easily beat the market 2-3 times. China - the paradise of technical trading. Oh shit, why am I sharing this with people? :-)
  4. This is what i like .. real professionals talking about the trading as a process and framework ( with real study of sectors and risks ) , not some TA junkies or some prop shop trading firm monkeys ( selling education ) that you can find all over social media ..
  5. you can access any website from china just by using vpn, i doubt he doesn't know that
  6. where do you see the chinese financial industry in 5-10 years?
  7. Having an amazing trading environment like that in china it sounds your company is quiet conservatively geared. it sounds like it would be like taking candy from a baby 🤗🤗
  8. That's a fantastic interview Aaron. It would be a nice idea to make another interview with Derek and talk more about how he creates his models.


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