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TTU89: Creating a Simple System & Sticking To It ft. Robert Carver, Author & Trader – 1of2

TTU89: Creating a Simple System & Sticking To It ft. Robert Carver, Author & Trader – 1of2

FromTop Traders Unplugged


TTU89: Creating a Simple System & Sticking To It ft. Robert Carver, Author & Trader – 1of2

FromTop Traders Unplugged

ratings:
Length:
77 minutes
Released:
Dec 2, 2015
Format:
Podcast episode

Description

Robert Carver spends most of his book telling you that he is not a good trader. So why did he devote his life and a whole book to the subject?Because he believes in systematic trading; making a simple trading system and sticking to it.In this episode, we dive into his new book and explore why simplicity is the key, people think they are better traders than they are, and so much more.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder ToolIn This Episode, You’ll Learn:Why Robert decided to write his new book, Systematic TradingRobert reads the preface to his new bookHe explains one of the biggest investing mistakes of his careerThe book that got him interested in the financial industryHow he got a job with AHLWhy he wrote a book with very little math involved so that he spoke to a large audienceThe 3 types of investors that he defines in the bookHow cognitive biases in humans make them bad tradersWhy he spends a lot of his book explaining how bad he is at tradingWhether trend following and other divergent strategies work or notWhy sticking to a plan is so importantHow the markets and CTAs will change once the interest rate changesThe differences between a subjective and an objective systemThings that people should avoid when creating a trading systemWhy few people have a good handle on overtradingMachine learning approaches vs. idea approaches to creating trading programsHow systematic trading adapts-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Resources & Links Mentioned in this Episode:Learn more about AHLLearn about Sharpe RatioLiar’s Poker by Michael LewisThinking, Fast and Slow by Daniel KahnemanFollow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer...
Released:
Dec 2, 2015
Format:
Podcast episode

Titles in the series (100)

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com