Systematic Trading: A unique new method for designing trading and investing systems - Rilegato

Carver, Robert

Rilegato

ISBN 10: 0857194453 ISBN 13: 9780857194459

Casa editrice: Harriman House Pub, 2015

Riassunto

This is not just another book with yet another trading system. This is a complete guide to developing your own systems to help you make and execute trading and investing decisions. It is intended for everyone who wishes to systematise their financial decision making, either completely or to some degree. Author Robert Carver draws on financial theory, his experience managing systematic hedge fund strategies and his own in-depth research to explain why systematic trading makes sense and demonstrates how it can be done safely and profitably. Every aspect, from creating trading rules to position sizing, is thoroughly explained. The framework described here can be used with all assets, including equities, bonds, forex and commodities. There is no magic formula that will guarantee success, but cutting out simple mistakes will improve your performance. You'll learn how to avoid common pitfalls such as over-complicating your strategy, being too optimistic about likely returns, taking excessive risks and trading too frequently. Important features include: - The theory behind systematic trading: why and when it works, and when it doesn't. - Simple and effective ways to design effective strategies. - A complete position management framework which can be adapted for your needs. - How fully systematic traders can create or adapt trading rules to forecast prices. - Making discretionary trading decisions within a systematic framework for position management. - Why traditional long only investors should use systems to ensure proper diversification, and avoid costly and unnecessary portfolio churn. - Adapting strategies depending on the cost of trading and how much capital is being used. - Practical examples from UK, US and international markets showing how the framework can be used. Systematic Trading is detailed, comprehensive and full of practical advice. It provides a unique new approach to system development and a must for anyone considering using systems to make some, or all, of their investment decisions.

Su questo libro

Recensione:

Solid book on real systematic trading. Rob goes into a level of depth which most trading book authors either deliberately avoids or simply lack knowledge of. Rob's background in the industry is beyond reproach and the informational contents of his book shows his experience and depth of knowledge. It is rare with authors willing to take the time to explain at this level... If you want to enter the professional systematic trading field, Rob's book is a must. --Andreas Clenow, CIO Acies Asset Management and author of 'Following The Trend'

There are many books on trading. However, very few deal with answering the practicalities, which very often you have to learn from years of experience when trading. This book does answer many of those practical questions! ... Robert had very valuable experience working for many years in a large quant hedge fund, which makes the book doubly worth reading... Well worth a read for anyone who trades, in particular for systematic traders (whether you're a novice or more experienced)! --Saeed Amen, author of 'Trading Thalesians'

Rob Carver is a seasoned professional investment manager and this book will give you the benefit of his experience. The key strength of the book is to show you how to put together a portfolio of quantitative trading strategies without losing your shirt... The book motivates well, using ideas from behavioral finance, why it is that trading strategies can be profitable year in year out. The author has some nice anecdotes to tell on this... this is an excellent book and a good buy for anyone interested in quantitative trading. --Steve Bell, author of 'Quantitative Finance for Dummies'

L'autore:

Robert Carver is an independent investor, trader and writer. He spent over a decade working in the City of London before retiring from the industry in 2013. Robert initially traded exotic derivative products for Barclays Investment Bank and then worked as a portfolio manager for AHL one of the world s largest hedge funds before, during and after the global financial meltdown of 2008. He was responsible for the creation of AHL s fundamental global macro strategy, and then managed the fund s multi-billion dollar fixed income portfolio. Robert has Bachelors and Masters degrees in Economics. He manages his own portfolio of equities, funds and futures using the methods you can find in his books. Rob's website is: www.systematicmoney.org You can read his blog at qoppac.blogspot.com and follow him on twitter @investingidiocy

Su questa edizione

• Editore: Harriman House Pub
• Data di pubblicazione: 2015
• ISBN 10: 0857194453
• ISBN 13: 9780857194459
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 308