Chat With Traders 291 · Sam Miesse - Small Cap Quant Trader Grows $10K into $3.8M in 3 Years
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Nov 12, 2024 Sam Miesse, a quant trader who remarkably grew his account from $10K to $3.8M in three years, discusses the intriguing intersection of technology and trading. He shares how a background in predictive analytics inspired his foray into small-cap stocks and how he developed a rigorous trading model after extensive data collection. Miesse explores the psychological challenges of trading, particularly managing emotions during significant losses, and reflects on the meme stock phenomenon's impact on the market.
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Identifying Trading Patterns
- Start with screen time and observe recurring patterns in the market, especially commonly recognized ones.
- See if these patterns can be predicted with earlier indicators.
Quant vs. Qualitative Trading
- Quantitative trading relies on objective data and algorithms, unlike qualitative trading, which involves subjective assessments.
- It predicts future market behavior using mathematical and statistical analysis.
Initial Trading Success
- Sam Miesse started with $10,000 and grew it to $86,000 in 2019 by short-selling parabolic moves in small-cap stocks.
- His wife executed the trades, demonstrating the model's objectivity.