Trading

Quant Trader Foundations

Fast expected-value reasoning, updating on information and sizing bets.

1. 1Sample Spaces and Basic RulesLesson · Probability
2. 2Expected Value: FundamentalsLesson · Expected Value
3. 3Mental MathTraining
4. 4Conditional ProbabilityLesson · Probability
5. 5Bayes' TheoremLesson · Probability
6. 6Indicator VariablesLesson · Expected Value
7. 7Optimal StoppingLesson · Expected Value
8. 8Dynamic ProgrammingLesson · Algorithms & Quant Development
9. 9Market Making: Earning the SpreadLesson · Market Making & Trading
10. 10Adverse SelectionLesson · Market Making & Trading
11. 11The Kelly CriterionLesson · Market Making & Trading
12. 12Simple vs. Log ReturnsLesson · Market Making & Trading