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

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

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’ll 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