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

Published: Dec. 2, 2015, 9:22 a.m.

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.

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In This Episode, You\u2019ll Learn:

  • Why Robert decided to write his new book, Systematic Trading
  • Robert reads the preface to his new book
  • He explains one of the biggest investing mistakes of his career
  • The book that got him interested in the financial industry
  • How he got a job with AHL
  • Why he wrote a book with very little math involved so that he spoke to a large audience
  • The 3 types of investors that he defines in the book
  • How cognitive biases in humans make them bad traders
  • Why he spends a lot of his book explaining how bad he is at trading
  • Whether trend following and other divergent strategies work or not
  • Why sticking to a plan is so important
  • How the markets and CTAs will change once the interest rate changes
  • The differences between a subjective and an objective system
  • Things that people should avoid when creating a trading system
  • Why few people have a good handle on overtrading
  • Machine learning approaches vs. idea approaches to creating trading programs
  • How systematic trading adapts

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Resources & Links Mentioned in this Episode:


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