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Shravan Venkataraman 🔥🚀💰 Profile picture
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8 Dec, 4 tweets, 2 min read
**Introduction to Systematic Trading & Backtesting**

I was preparing the curriculum for the Python backtesting course and thought it would be nice to do a webinar giving an overview of whatever I have learnt so far in Systematic Trading.

This webinar will be on December 13th.
To register, fill this form:

docs.google.com/forms/d/e/1FAI…

And, join the telegram channel (will send updates, webinar link, etc.)

t.me/STAWebinar
NOTE:

I'm not an expert quant working at Two Sigma or anything.

I can program/code at a decent level, and been working on systematic trading since last year. So, I'll share whatever I have learnt.
I will also be plugging my course in the webinar (just mentioning about it).

So, this is me being upfront about the webinar being a medium through which I can let everyone know that such a course exists.

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More from @theBuoyantMan

Shravan Venkataraman 🔥🚀💰 Profile picture
9 Dec
**Business idea:**

Financial planning and management for the b-list celebrities.

1/ Most B-List celebrities, tv actors, etc., make really good money, but squander it all due to lack of education, awareness, and also being in the company of morons.
2/ A-List celebrities anyway have the top people of their respective fields taking care of things for them. But even they can go wrong.

See how Deepika Padukone's family, Rahul Dravid, etc., got cheated by investing with a fund that was fraudulent.
3/ But B-List celebrities are even worse. Most of them didn't go to college, dropped out of school to pursue acting or whatever.

They have absolutely no financial planning, spend money however they like, and go bankrupt every now and then.
Read 5 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
9 Dec
**Time for a thread**

Through the last three years of experience in the entrepreneurship space, I understood why phenomenons like

- black money
- hawala
- money laundering
- tax fraud
- overclaiming of tax returns
- not reporting income

and other such scenarios exist.
1/ Running a business, especially with all the licenses and the jazz is like standing in a traffic signal.

The signal may still be red. But if vehicles have started moving, they will keep honking and hurling abuses at you for not moving and breaking the rules along with you.
2/ The corrupt system begets corruption.

The government employees seek bribe for every single thing that they are being paid to do as work.

If you don't pay them, your business will not get set up.

If you don't pay what they ask for, they will point out hundred issues.
Read 48 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
7 Dec
**Diversification** in Systematic Trading:

Trading one strategy forever sounds like a dreamy idea.

But it just doesn't work that way.

If only reality granted wishes.

How should you approach diversification? Should you diversify?

A beginner level discussion below 👇
1/ There are many kinds of trading strategies.

For the sake of this thread, they are broadly categorised based on the following.

# By type of instruments traded
- Cash only
- Futures
- Options
- Hybrid
2/ You can classify strategies based on market bias

- Long only
- Short only
- Hybrid (with slight bias)
- Market neutral
Read 11 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
5 Dec
1/ One of the systems I am testing since September - has yielded the results (~22%) in the screenshot so far.

It's based on futures (trading through 2xATM options).

So, you could say this is a leverage oriented system.

The maximum drawdown as per the backtest was around 5%.
2/ I began live-testing trading this on September 9th, 2020.

I was supposed to begin by September 1st. But I chickened out, a little afraid.

Then, I buckled up, decided to consider this as an investment and started testing.

The starting capital: 2,00,000
3/ I didn't want to test on Futures because BNF has superb slippage and spread. So, decided to test small with options.

Started with 1xITM option. On average this had like 0.57-0.6 delta when trades ended.

I did this for 18 trades.
Read 21 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
5 Dec
If you want to learn something, but colleges are just charging upwards of $100k for it, do the following:

1/ Go to the program website of each of the top prestigious college known for that specific niche.

This could be Wharton/Harvard for MBA Finance, CMU/Stanford for CS, etc.
2/ Check their program curriculum.

There will be minimum pre-requisite courses to be taken.

There will be course codes for each of those courses.

Type "course code with the name + Curriculum" on Google.

You'll most likely find the syllabus.
3/ Check what all topics are there in the Syllabus.

Check what reference books and text books are prescribed.

Study those topics with those books.

Complement your study with online courses.
Read 5 tweets
Shravan Venkataraman 🔥🚀💰 Profile picture
5 Dec
This story is wonderful.

I started my company this way. Wanting to make artisanal nut butters, inspired by Mason & Co chocolates from Auroville.

That said, in my experience, you're better off not quitting your job for such a niche dream.
Build your business without quitting your job.

Use your job to delegate responsibilities while retaining the core values.

Find people who can execute things for you.

Remember, most of these artisanal brands don't even break even.

They try for few years and give up.
And those few years involve a lot of struggle.

As a new business, you enrich everyone but yourself.

Before you get to the point where you can enrich yourself, you'll get exhausted.

That's why very few survive and then thrive.
Read 6 tweets

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