In which Ricki and Patrick talk about trading pedagogy, game design, and this bootcamp.
LISTENERS ARE SAYING: "Hey did you speed up the speech in the podcast? Currently listening on Spotify and it sounds a bit… quick?"
—@FriedKielbasa"I find that the best way to learn trading is by doing it. On day one, the first class that I have people participating in my trading bootcamp go through is a class where you walk in the door and immediately you start trading."
"keeping things as simple as possible early on is really valuable... getting people to the point where they understand the first order things actually takes a lot more time than you might expect it to."
"Right now, the state of the world is if you want to learn how to be a good trader, basically your only option is to go to a good trading firm. It is very hard to find good materials for learning how to trade, learning how to have the kind of intuitions and heuristics about a market that a trader ought to develop, in any context outside of a firm."Read the full article →
"The bootcamp was a two-day intensive program designed to teach the fundamentals of quantitative trading and provide a glimpse into the experience of being a professional trader. Using a play currency, we went through various hands-on exercises to solidify concepts taught in energetically-delivered lectures."
"To get comfortable with the mechanics of order books, we played a game called Tighten Or Trade. We established an order book, written by hand on a whiteboard, for a contract that would settle to the total number of siblings of people in the room."
"To summarize, here are the key lessons I learned: - Beware Adverse Selection: Have a story for why your trade makes sense in a competitive environment. - Stay Vigilant: Inattentive trading is dangerous, not trading is always safe. - Focus Quickly: Learn to make snap judgements of where further effort will be most valuable. - Spot Arbitrage: Inconsistencies between prices mean free money if you find them. - Start Simple: A working strategy beats a perfect plan that's not ready."Read the full article →
This bootcamp teaches more than just quantitative trading; it helps you understand decision-making and adverse selection in real life scenarios and how to determine fair value based on various outcomes.
This is the best trading course in the world that is available to the general public. The bootcamp delivers far more value than the price charged for it. Oh, and it is also really fun - hands down one of the best learning experiences of my entire life.
The most fun you'll ever have getting your brain broken.
Amazing content, loved how fast paced it was. I learned an insane amount… I would pay to take any class you are excited to teach.
Fantastically dense and effective communication, very well planned examples, lots of good jokes. I like every time you let us fall into a trap, [REDACTED] was everyone's favorite class I'm sure.
Listening to Ricki talk makes me feel like my brain is kicking into higher gear, she has an incredible effect on the audience.
You can definitely make a religion out of this.
The way Ricki teaches the trading bootcamp is extremely engaging and information dense on material you won't find outside of big trading firms. It is a phenomenal experience that you will not find elsewhere.
Ruthlessly efficient learning, with feedback in real-time. Prepare for information density that'll rewire your brain.
I want more Ricki. Blog posts? Podcasts? Videos? I'll take anything.
Ricki is a fun, effective instructor. Talks at a million miles an hour, takes all questions and new constraints in stride and does something reasonable in response… the Electronic Trading Competition was glorious, relentless chaos.
When you're learning all the ways you can be abused in markets, you want to have a teacher as fun, engaging, and smart as Ricki.
Ricki is the best teacher I have ever had. I would immediately sign up to anything Ricki is teaching, even if it was teaching Paint Drying Bootcamp
felt too chaotic
Trading Bootcamp is the manic pixie dream bootcamp that will hit you like a tornado and leave you wanting more