systematic longshort
@systematicls
Vocation in institutional systematic LS. Avocation in all avenues for risk-taking.
Some thoughts on what it means to compete against a being that is bigger, has more resources and can infinitely attrite you. -- Be Aggressive Incumbents have more experience, more resources, and perhaps most advantageously, more time. In games of attrition, all else being equal,…
This takeaway is what I'd expect most traders; except for the most devoted HL fans to walk away with. Again; no horse in the race. Just stating a point that if you look JUST the data, it's hard not to arrive at this conclusion, no matter the justifications.
I took a look at open interest data specifically for DEXs to see if Hyperliquid’s extremely high OI drop could be explained by CEX data manipulation or differences in user base between CEXs and DEXs. Unfortunately for Hyperliquid, the discrepancy persists. While open interest…
So you might identify that there are returns to be harnessed from these kind of trades - but that doesn't mean you're not going to get rekt. Especially if you are a bit green - not yet respectful of the wrath of the market gods. So much care and humility is required.
This is one reason carry trades and other forms of risk premia harvesting are expected to make money. Because it sucks to hold those exposures. It's only a matter of time, bro. It sucking is why you expect to get paid. If it didn't suck, why would it be too cheap?
No free lunch!
One of the features of many quantifiable things that make money is they often make money most of the time but tend to smack you in the face occasionally, usually at the worst possible time. Carry trades, long stocks, vol selling, most quant relative value trades.
To be the best science and technical school in the world, you have to accept the smartest people in the world. Not all of them are born in the United States.
No one else in the world will see your vision as clearly as you. If you need approval, understanding and support to execute your vision, you will lack the will to bring it to life. Don’t wait for people to get it, and don’t wait for their approval. You must be willing to wager…
Not saying anything: Evgeny doesn’t tweet, must be liquidated Saying something: This is what somebody who is liquidated would tweet 🙃
1/ Since a lot of people are waking up to see their perps positions closed and wondering what the hell “Auto-Deleveraging” means, here’s a quick and dirty primer. What is ADL? How does it work? And why does it exist?
This is the recovery signal you’re looking for.
I am NOT an expert in crypto and you should take what I say with at least a 75% haircut. There are smarter people who have spent a long time thinking about these issues.
I feel bad for everyone hurt; but the memes have been glorious.
"Lets set up a perp dex meta to get all the memecoin millionaires into leverage before rugging all the liquidity and sending everything down 50%"
One of the sadder liquidations are the accounts that are holding BNB[/native platform coin] for trading fees and are not hedged to BNB[/native platform coin] price movements and get liquidated because of BNB[/native platform coin].
It’s not that we don’t have ADL. It’s that LLP was providing a lot of liquidity before getting to that point, which saved a lot of traders’ portfolios.
This. If you got wiped out and need some advice reach out This game will hurt your feelings if you play long enough
Check on your friends today folks. This move carried a lot of people out, and with very little warning.
The most insane take-home-assignment over the next year is to build a market maker around the past 24 hours.
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