NEQNET: The world of theoretical physics

For physicts by physicists

  • Archives
  • Best posts
  • Contact us
  • How to subscribe
  • Newcomer?
  • Open problems
  • Home
  • APPLIED
  • ASTRO
  • COND-MAT
  • HEP-TH/PH

Subscribe via email

or connect via

348. Trading olympiad

Uncategorized — By Dmitry Podolsky on April 11, 2009 at 5:03 am
Print This Post Print This Post   Save This Post as PDF

Dmitry Podolsky has got his PhD from Landau Institute for Theoretical Physics. He currently works as postdoc at Case Western Reserve University. He is also one of the editors of NEQNET.

As usual, no physics today, True Geeks, only fun very distantly related to physics is allowed!

Interactive Brokers has just announced that the 2009 IB Collegiate Trading Olympiad is now over. What is the idea of the olympics? Naturally, an unspecified number of guys – mostly, students of various universities – each create a piece of software for online real-time trading and compete with each other trying to generate the largest profit. To enter the olympics, you don’t have to deposit a non-zero amount of your personal hard earned money to the IB account, while the prize money that you get after winning the competition are very much real: being the 1st will bring you $100000, the 2nd and 3rd – $50000, etc.

348. Trading olympiad

(click on the Fig. to see a bigger version)

This year, the Number One is Kevin Warner (who was also the 3rd in 2008!) – $150000=$75000/year would be a kind of nice addition to your fellowship if you are a student, wouldn’t it? 348. Trading olympiad My warmest congratulations!

The winner shares his strategy:

With respect to crude, I didn’t have a particular directional opinion, but rather was levered to profit from a big outright move (either way) or from a change in the price and implied volatility relationships between it and its products – RBOB gasoline and heating oil.

I bet this strategy is rather popular among WS professionals in 1000 dollar suits who make their billions in the same rather simple way 348. Trading olympiad
(By the way, last year he has played with volatility options – also, rather popular at that time.)

Regarding olympics, interestingly, a) Ahmed Taha (the number 2) was the leader for the entire competition, b) not all prizes were awarded – probably, not so many people were successful enough 348. Trading olympiad , c) to get $10000 you had to devliver a 30% gain for 2 months, d) and you had to deliver 260% gain for two months to become Kevin Warner.

Via uzhas-sovka.livejournal.com and pythagoruz.blogspot.com who ended 29th 348. Trading olympiad

8 Comments

  1. Haelfix says:
    April 11, 2009 at 5:42 am

    In college there were competitions like this amongst my econ friends (one of which was a roommate). Amusingly its nearly always the same people year after year that perform at the top, a little bit like poker.

    There is an art to the whole schtick, its not completely random.

    Reply
    • Dmitry says:
      April 11, 2009 at 8:38 pm

      I bet some of those guys are good poker players as well ;-) Regarding college times – say, in Eaton, as I’ve heard, it is nowadays typical that every single student participates in a similar competition…

      Reply
  2. Lubos Motl says:
    April 11, 2009 at 7:31 am

    These are not bad prizes. E.g. for the victory in the Czechoslovak math olympiad, I received a backpack for $20. ;-)

    Reply
    • Dmitry says:
      April 11, 2009 at 8:44 pm

      So, did you participate in international olympics? Which year? I never went higher than regional level…

      Reply
      • Lubos Motl says:
        April 12, 2009 at 6:29 am

        Yes, I did. It was a fun experience back in 1992. Other years were traveling to places like Saudi Arabia or Canada – while we went to … MOCKBA. But don’t get me wrong, I personally liked it.

        A story how I was late at the Prague Airport – because I was helping a 200-kg woman to get to the Wenceslaus Square to a shop with clothes for extended women – became one of the descriptive stories of the event.

        A pro-communist demonstration on Tvyorskaya St almost killed me, before I went to see Lenin in his mauseleum. I had to thank an aggressive Russian general “chto on osvobozhdal Pragu” but when I complained that they also brought us hardcore communism in 1968, they split into the liberal and conservative wing: the liberal wing, that didn’t want to kill me, barely won at the end. ;-)

        The score was lousy for me: 4x 7 points, 2x 0 points (I believe one of them should have been 7, while the other was deserved 0): a bronze medal.

        Reply
        • Dmitry says:
          April 12, 2009 at 1:48 pm

          Other years were traveling to places like Saudi Arabia or Canada – while we went to ? MOCKBA.

          Ohohohohoh… ahahahahaha…bugagaga LOL

          But my deepest respect in regards to how you treated that general :-)

          Reply

Leave a Comment

Click here to cancel reply.


For LaTeX in your comment, please use tags [tex] and [/tex]. Also, you may use the following HTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> .

Login with Facebook:

or subscribe me to comments RSS feed

Trackback responses to this post

  • 348. Trading olympiad | azsearchengine.com
  • NEQNET: first two weeks of April | NEQNET: Non-equilibrium Phenomena

Related Posts

  • No Related Post
  • Comments
  • Login
  • Search
  • Large non-Gaussianity from axion inflation Large non-Gaussianity from axion inflation
    January 31, 2012 14:01
  • On strong disorder renormalization On strong disorder renormalization
    March 18, 2011 20:03
  • Relaunching NEQNET
    January 20, 2011 21:01
  • Saturday’s photoguess: what does this monkey symbolize?
    June 20, 2009 19:06
  • Dynamics of space storm
    June 19, 2009 12:06
  • Micro: Can 2 question provide a common solution? Black holes, information loss paradox and Ultra high energy cosmic rays. ...
  • James Ph. Kotsybar: SAGITTARIUS A* -- James Ph. Kotsybar Mysteriously cloaked, obscure despite Interior illuminating glare, Long ...
  • cad: The presentation can be found in several formats at http://pirsa.org/08110051/...
  • James Ph. Kotsybar: COMMENTS FOR THIS ENTRY ARE CLOSED -- James Ph. Kotsybar When the general public hears about A breakthrough in...
  • James Ph. Kotsybar: FEARFUL SYMMETRY (from Songs Of Experiments) -- James Ph. Kotsybar Beyond notice, out of sight in dimensions c...
  • James Ph. Kotsybar: OFF THE SCALE -- James Ph. Kotsybar The young lady known simply as Bright, who could travel at speeds f...
  • James Ph. Kotsybar: COSMIC PREDICTION -- James Ph. Kotsybar Betelgeuse is gonna blow! It?s just a matter of time It?s only ten...
  • Leo: Ok I have a question: if a black hole is supermassive, say 100 billion solar mass, let's suppose Alice fells int...
  • James Ph. Kotsybar: HIGHER DIMENSIONS -- James Ph. Kotsybar From point to line to plane to sphere there?s only three dimensi...
  • superkuh: I am glad you are back! No more disapointing weekly refreshings of that monkey....
  • Dmitry: Thank you James, beautiful and inspiring as usual :)...
  • Dmitry: Yes, renormalization group should still be applicable, but crit. exponents have to be different. By the way, if we ...
  • James Ph. Kotsybar: UNIQUE PARAMETERS -- James Ph. Kotsybar There is only one answer to creation. Though we don?t nearly understan...
  • Ariel Amir: Very interesting, thanks. It indeed seems to be very close to what we discuss here. I wonder whether the distributi...
  • Dmitry: Hi Ariel, thanks for the explanation! Let me now discuss a bit the application I had in mind. It has to do w...
    Register,
    login with your NEQNET profile
    or login with Facebook:

    • 226. Top ten open problems in physics
      • 33 comments
    • 353. Vortex line representation. Cauchy invariant
      • 33 comments
    • The very meaning of socialism
      • 26 comments
    • 377. Temporal and spatial dependence of quantum entanglement
      • 26 comments
    • Biocentrism: book review
      • 24 comments

Facebook: Community

Facebook: Your Friends

Google Friend Connect

Links: Journals

Links: Resources

Links: Blogs

  • Lubos Motl's Reference Frame
Copyright © NEQNET: The world of theoretical physics 2008-2011. All Rights Reserved.