Returning to his senior year of high school, he went all in and made billions by buying at the botto
Chapter 99 Quantitative Strategies
Principal's Office.
Principal Zheng personally poured Chen Mo a cup of hot water.
"Recently, the city's television station and several provincial education media outlets contacted the school."
"They heard that a student from Jiangcheng County has ranked first in the city in multiple consecutive exams, and they want to do a special interview with you."
"I'll mainly talk about my learning methods, exam preparation experience, and personal growth."
"Another media outlet wants to come into your home to film."
Chen Mo picked up the water glass, but didn't drink it.
"I do not give interviews."
Principal Zheng seemed to have anticipated this.
"The school has also considered the impact on your studies. However, this is a great opportunity for publicity for you personally, for the county's No. 1 High School, and for the educational image of Jiangcheng County."
"Principal Zheng."
Chen Mo put down his water glass.
"There are only a few months left until the college entrance examination."
"When I give interviews now, my grades, family, and daily life are all put to the public discussion."
"If I perform normally in the college entrance examination, people will say that the media has created a god."
"If something unexpected happens, all the previous reports will become a joke."
"It may not be a good thing for the school either."
Principal Zheng's smile gradually faded, and his expression became serious.
He hadn't expected that Chen Mo's refusal to be interviewed wasn't just a young person's resistance, but rather that he had already thought through the consequences so clearly.
Liu Jianguo sat beside him, nodding in deep agreement.
"I also don't approve of conducting interviews now."
"This child is already busy enough; there's no need for him to be surrounded by reporters."
Principal Zheng pondered for a moment, then finally nodded.
"it is good."
"The school respects your opinion."
"I will give a unified response to the media; all interviews will be postponed until after the college entrance examination."
Chen Mo continued, "There's one more thing."
"you say."
"I don't want anyone to bother my parents, nor do I want the school to disclose my home address and personal contact information to the outside world."
"My transcripts, photos, and student information should not be provided to any third party without my consent."
Principal Zheng immediately assured him, "You can rest assured about that. From today onwards, all interviews and data retrieval involving you must be approved by me personally."
"I will give specific instructions to the homeroom teacher, the grade level team, and the school office."
"No media outlet is allowed to enter the classroom, contact your parents, or film your school life without permission."
Chen Mo then nodded.
"Thank you, Principal."
"The school should be thanking you."
Principal Zheng looked at him and said with emotion, "The county's No. 1 Middle School has been established for so many years, and it has never produced anyone who ranked first in the city, let alone someone who has now consistently ranked first for several consecutive years."
"As long as you can maintain your focus, the school will definitely shield you from all unnecessary distractions."
At this point, he tentatively asked:
"Has anyone from Tsinghua or Peking University contacted you?"
"Not at the moment."
"If an admissions team contacts us in advance, inform the school immediately."
Principal Zheng spoke solemnly.
"Whether it's independent admissions, guaranteed admission, or college application, the school will set up a dedicated team to serve you."
"However, everything will be based on your wishes, and I will never make decisions for you."
Chen Mo nodded slightly.
When I came out of the principal's office, the school bell had already rung.
He walked down to the teaching building and saw Su Qingyan standing next to the ginkgo tree in the distance.
The girl was holding several test papers in her arms, as if she was waiting for someone.
When she saw Chen Mo appear, her eyes lit up slightly, but she quickly looked away, pretending that she had just happened to be passing by.
Chen Mo walked up to her.
"Not home yet?"
"Wait for the driver."
Su Qingyan spoke calmly.
Outside the school gate, the Su family's car had clearly been parked for more than ten minutes.
Chen Mo did not expose him.
What time does the birthday party start?
Su Qingyan was stunned for a moment.
"Didn't you want to study?"
"We study during the day, but we still need to eat at night."
Chen Mo looked at her, a smile appearing on his lips.
"It's not a waste to delay Su's eighteenth birthday ceremony by a few hours."
The girl stared at him blankly for two seconds.
The disappointment in her clear eyes vanished in an instant, but she still tried her best to maintain her composure.
"You don't have to force yourself."
"No pressure."
Chen Mo said, "Send me the time and address."
"oh."
Su Qingyan lowered her head and took out her phone. A strand of hair slipped down her ear, covering her blushing cheeks.
After successfully sending the message, she hugged the test paper tightly and walked briskly toward the school gate, the sound of a girl humming faintly audible.
Chen Mo gazed at the girl's retreating figure, a hint of nostalgia rising in his eyes.
Eighteen-year-old coming-of-age ceremony.
In his past life, he had also received an invitation from Su Qingyan.
At that time, he was insecure and sensitive, so he didn't prepare any gifts and didn't dare to enter the county guesthouse, which was full of leaders and respectable people.
Ultimately, he refused, using his studies as an excuse.
Later, although Su Qingyan did not blame him, she did not speak to him for a whole week.
After leaving the county's No. 1 High School, Chen Mo did not return to his parents' new residence, but instead asked Zhou Zheng to drive the car back to Guanlan Yujing.
Four o'clock in the afternoon.
Inside the villa where Xingchen Technology has its offices.
Chen Mo went straight into the innermost room on the second floor, where a burst of rapid keyboard typing filled the air.
The room has been converted into a small-scale quantitative laboratory.
Three monitors were placed side by side on the table, one displaying real-time market data, while the other was filled with densely packed code, profit curves, and risk parameters.
Bian Xuezhang sat in front of the computer, his hair messy and his black-rimmed glasses crooked.
He turned his head as if waking from a dream when he heard the door open.
"Mr. Chen!"
Bian Xuezhang quickly stood up.
Compared to when he first arrived in Jiangcheng, he has clearly regained a lot of energy and spirit.
The mother's condition has stabilized, and Wang Li has received the punishment she deserved.
Furthermore, by immersing himself in the research he truly loves every day, the sharpness that life had worn down is gradually returning to him.
"Please sit down."
Chen Mo walked into the room and glanced at the pile of instant noodle boxes on the table.
"How have you been lately?"
"My mother has been discharged from the hospital. The doctor said that as long as she takes her medication on time, there shouldn't be any major problems."
Bian Xuezhang paused slightly, then said earnestly, "President Chen, I will repay the 500,000 yuan you advanced as soon as possible."
"No rush."
Chen Mo pulled up a chair and sat down next to him.
"How's the model running?"
Bian Xuezhang's eyes lit up instantly when the model was mentioned.
He quickly switched computer interfaces and brought up a profit curve.
"I restructured the original Markov state model and introduced four sets of variables: market volume, volatility, industry strength, and liquidity."
"These are the results of backtesting data from the past five years."
On the screen, a red profit curve slowly extends upwards.
Annualized return: 46.7%.
Maximum drawdown: 8.3%.
Win rate: 61.2%.
Sharp ratio: 2.14.
Even in the more mature quantitative market of the future, this data is still excellent.
"What about the actual trading?" Chen Mo asked.
Bian Xuezhang opened another account.
Initial capital: 1,000,000 yuan.
Current equity: RMB 1,286,400.
In less than two months, the profit was close to 29%.
"Recently, the market has been rising, and the profits from real-money trading have benefited from the market trend, so they cannot be entirely attributed to the model."
Bian Xuezhang was not blinded by the profits.
"If we exclude the overall market beta, the strategy itself contributed approximately twelve points."
A hint of approval appeared in Chen Mo's eyes.
The fact that Bian Xuezhang can proactively eliminate the gains brought by market rises shows that he has truly acquired the mindset of a quantitative manager.
"The problem is also obvious."
Chen Mo pointed to the holdings record on the screen.
"Your model relies too heavily on trend and momentum factors."
"In a bull market, it will continuously chase strong sectors, making its net asset value look very good."
"However, once the market shifts from a one-sided upward trend to violent fluctuations, the momentum factor will repeatedly fail in the short term, and the pullback may be much larger than historical data suggests."
Bian Xuezhang's expression hardened.
Do you think the bull market is about to end?
"It's still early."
Chen Mo said, "At least for the next few months, the market as a whole will remain on an upward trend."
"But the market structure will change."
"Initially, the market was driven by financial and blue-chip stocks, and then funds spread to growth stocks, internet stocks, and thematic sectors. The later the market moves, the greater the volatility and the faster the shift in investment styles."
"Your model can't just chase rising prices."
Bian Xuezhang immediately picked up his notebook.
"Mr. Chen, do you mean to add a reversal factor?"
"It's not just a reversal."
Chen Mo wrote down a few words on the paper: multi-factor, market neutrality, stock index futures hedging, transaction costs, extreme risks.
"In the next phase, we will combine trend, value, quality, volatility, and capital flow factors."
"At the same time, establish an index risk exposure monitoring system."
"As the scale of funds expands in the future, we cannot put all the profits on the rise of the market. When necessary, we will use stock index futures to isolate market risks and only make money from the strategy itself."
Chen Mo then pointed to the backtest report.
"Slippage and impact costs also need to be recalculated."
"Backtesting with a million-dollar account is not the same as live trading with a billion-dollar account. Your next order in the future may change the market itself."
"Furthermore, extreme single-day drops, liquidity shortages, and trading system outages will all be included in the stress test."
Bian Xuezhang took notes quickly, his eyes growing brighter and brighter.
Market neutrality, capacity constraints, and extreme risks.
These concepts have not yet formed a mature system in the domestic quantitative industry, but Chen Mo directly pointed out the most critical direction for the future upgrade of his model.
Give me three months.
Bian Xuezhang raised his head, his voice excited.
"I will rebuild the risk control layer and execution system."
"It won't take three months."
Chen Mo looked at him and said, "After the Spring Festival, I will give you a larger live trading account."
"How much money you can manage depends on how much capacity your model can handle."
Bian Xuezhang's breathing suddenly became rapid.
One million was just a test; a larger live trading account would be his real chance to prove himself.
"Don't worry, Mr. Chen, I won't let you down."
Chen Mo patted him on the shoulder.
"Pack your things and come out with me."
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