Price: $85.74
This isn’t just another book offering a redundant trading system. Instead, this comprehensive guide empowers you to develop your own systems for making and executing astute trading and investment decisions. This guide will benefit anyone wanting to systematise their financial decision-making, either completely or partially.
Author Robert Carver leverages financial theory, his experience managing systematic hedge fund strategies, and his extensive research to elucidate why systematic trading is a prudent choice and how to execute it safely and profitably. Every facet, from developing trading rules to determining position size, is thoroughly detailed. The framework provided can be applied to all asset classes, including equities, bonds, forex, and commodities.
While there’s no magic formula to guarantee success, avoiding simple mistakes can greatly enhance your performance. You’ll discover how to sidestep common missteps such as over-complicating your strategy, overestimating likely returns, taking excessive risks, and trading too frequently.
Key features include: the underlying theory of systematic trading, its effectiveness, and its limitations. Simple yet potent methods for designing successful strategies. A comprehensive position management framework customizable to your needs. Guidance for fully systematic traders on formulating trading rules to predict prices. Techniques for making discretionary trading decisions within a systematic framework for position management. Insights on why traditional long-only investors should use systems for proper diversification and to prevent costly and unnecessary portfolio churn. Suggestions for adapting strategies based on trading costs and capital utilisation.
The book also includes practical examples from UK, US, and international markets demonstrating how the provided framework can be put into practice. ‘Systematic Trading’ is a detailed, comprehensive guide teeming with practical advice. Its unique approach to system development is a must for anyone considering using systems to guide some or all of their investment decisions.
About the Author: Robert Carver is an independent investor, trader, and writer. He spent over a decade in the City of London before retiring from the industry in 2013. Robert started