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  1. #31

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    This looks good. Similar to Systematic Trading but with more of an investing slant.

    https://qoppac.blogspot.hk/p/my-book...olios.html?m=1


  2. #32

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    Quote Originally Posted by cendrillon:
    This looks good. Similar to Systematic Trading but with more of an investing slant.

    https://qoppac.blogspot.hk/p/my-book...olios.html?m=1
    From: https://qoppac.blogspot.hk/p/systema...-here.html?m=1

    Since leaving the hedge fund industry I have written a live systematic trading system written in python and using the interactive brokers C++ API interfaced through swigiby, which I have traded my own money with since April 2014. The system trades nearly 40 futures markets with an average holding period of several weeks, and has a mainly trend following character.
    Is this practical for everyone?

    Or does the book talk at a higher level and is more importantly understandable by mere mortals?

  3. #33

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    Quote Originally Posted by shri:
    From: https://qoppac.blogspot.hk/p/systema...-here.html?m=1



    Is this practical for everyone?

    Or does the book talk at a higher level and is more importantly understandable by mere mortals?
    Speaking from personal experience: one thing for sure - IB's API is a pile of crap, really annoying to use! Definitely not for the faint of heart...

  4. #34

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    Quote Originally Posted by orel100x:
    Speaking from personal experience: one thing for sure - IB's API is a pile of crap, really annoying to use! Definitely not for the faint of heart...
    Yes, I took a look at it a year or so ago. Declared it user hostile, along with some trading application that I downloaded and walked away.
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  5. #35

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    Quote Originally Posted by shri:
    Yes, I took a look at it a year or so ago. Declared it user hostile, along with some trading application that I downloaded and walked away.
    It's both anti-user and anti-automation. This whole idea of having to run their crappy GUI or even crappier "gateway" GUI in order to use the algo API is just preposterous! And insanely hard to automate 100% - you end up with stupid wrappers and watchdog scripts. All doable, but extremely annoying.

  6. #36

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    Quote Originally Posted by shri:
    From: https://qoppac.blogspot.hk/p/systema...-here.html?m=1



    Is this practical for everyone?

    Or does the book talk at a higher level and is more importantly understandable by mere mortals?
    I have that book and it focuses on trading futures. I don't think that trading futures is suitable for everyone. Because the resulting account volatility is large. If you don't mind that your account goes down 10% in one day, and trust that it will recover, then it may be suitable for you. By the way: the book title uses the word "trading", not "investing". You should expect that you need to work on this every day.
    Trying to automate the described system and have it run automatically on your computer is possible, but is an entirely other ballgame.

    His second book is much more focused on investing, and much less on trading. I didn't read it but that is my impression based on the reviews I saw about it.
    shri likes this.

  7. #37

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    Quote Originally Posted by shri:
    From: https://qoppac.blogspot.hk/p/systema...-here.html?m=1



    Is this practical for everyone?

    Or does the book talk at a higher level and is more importantly understandable by mere mortals?
    You posted a link to his first book which is definitely for traders. The link I posted above is his second book which has more of an investment slant.
    shri likes this.

  8. #38

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    - Posting a summary of the first article.

    In the end, only three things matter in investing for the long term:

    • The price you pay.

    • When you sell.

    • The risk you take.

  9. #39

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  10. #40

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    A minor tangent if I might : What is a good book or 2 to suggest to a beginner to read?

    I've got a 19 year old with about 50K in savings. She is in business school, learning about stocks and bonds and balance sheets and income statements. Has zero experience in actually investing. I can teach her the mechanics but I wanted to get her a book or 2 helping her pick sectors and stocks (or tracking funds).

    I dont know where to point her. Any suggestions?


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