Enter your answer logic and years of experiences in trading, math skills and the ability to think logic and not emotions,, feelng
To have the courage of your convictions over the long run, for example, Paulson's short real estate best and Soros's bet against the British pound. The best trades are the toughest trades, and you have to withstand the emotional pain. When you succumb to weakness and exchange short-term gain for short-term pain, you've lost the game.
Skill? The habit of honesty, obsession and audacity.
Since hedge fund trading is not my expertise, I defer to James Altucher. He's written exhaustively on the topic, and he's honest about his failures.
Warning: His writing style brings a happy adrenaline rush, with laughter.
One more skill: Voice Acting. Learn confident body language. It comes through in the sound of your voice. Being physically fit adds to that confident body language and sound.
As the former CEO of a quantitative hedge fund complex, I’d suggest there are several critical qualities shared by successful hedge fund professionals, but the single most valuable may be intellectual flexibility.
Being a good quant manager requires a strong opinion about a market inefficiency, a carefully constructed and well tested, rules based plan to exploit the weakness, and a solid feedback mechanism to ensure the program is delivering the expected results. Great managers have ability to describe this inefficiency in simple terms, and explain why they are uniquely skilled to have identified it.
However great managers also presume that inefficiencies don’t persist, that market environments change and the best constructed plans eventually fail. Skilled quant managers have the ability to measure and understand when results are not consistent with expectations. Strong math skills or experience in physics are specifically useful for this, as much of the work is about managing data and probabilities. Programming skills are also useful, but not always necessary, but the single most important quality of a great quant manager is the ability to honestly assess when well constructed plans, systems and strategies aren’t working as designed.
Don't stop taking massive action.
Best of Luck,
Michael T. Irvin
My books are available exclusively through Amazon Books. Check out my book "Copywriting Blackbook of Secrets"
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