Kory Hoang is not a veteran trader—he’s not someone who has been doing this 10-20 years. He’s someone who has been doing this for only a few years, yet he’s begun to make decent gains on his trading capital.
Kory is also not a full-time trader …well, at the time of recording this—a few weeks ago—he wasn’t! Kory was a private equity analyst for Pitchbook, who traded on the side. But he’s since informed me that he’s handed in his notice and taken the leap to focus on trading (plus a couple startup projects).
In terms of how he trades; Kory is a retail systematic trader. He’s running numerous algorithmic strategies, which he’s developed (all of which are fairly simple). These run on various ETFs, ETNs and even some cryptocurrencies.
Topics of discussion:
- Interning at Merrill Lynch, getting hooked on trading—expectations when starting out, what turned Kory from “gambler” to an aspiring algorithmic trader.
- Resources which Kory leaned on when learning to code, and what gave him the confidence to put real money behind his first strategy (after many experiments).
- Kory explains his; framework for testing which assets are best suited for mean reversion or momentum strategies, thoughts on indicators and few parameters.
- How to work a full-time job and run an algorithmic trading business on the side (while contributing to charitable causes!) Plus a guide to Kory’s targeted returns.
Links and resources mentioned:
- HealthIQ.com/Chat [Sponsor]
- Manish Jalan: Presentation at Quantcon ’16 [YouTube]
- Jim Simons: The Mathematician Who Cracked Wall Street [YouTube]
- Inside a Money Making Machine Like No Other [Bloomberg]
- Introduction to EasyLanguage [YouTube]
- Quantopian Lectures [Quantopian]
- CWT Facebook Group
How to support this podcast:
- For a quick and easy way to support this free podcast, please write an honest review in iTunes. It’ll take you two minutes, and it helps massively. Thanks!