Systematic Trading

What Hacker News says

1. flessnerAug 2025
   That's a common pattern in trading strategies with negative skews or tail risks. Even large hedge funds, like LTCM, can fall into this same pitfall.

   For anyone interested, I can recommend the book "Systematic Trading" by Robert Carver. You don't have to be into algorithmic trading, the sections on risk management and positive vs negative skews are already worth the read.

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2. akg_67Jun 2021
   /r/algotrading

   - Trading Evolved, Andreas F. Clenow

   - Systematic Trading, Robert Carver

   - Developing & Backtesting Systematic Trading Strategies, Brian Peterson

   - Algorithmic Trading, Ernest P. Chan

   - Algorithmic Trading and DMA, Barry Johnson

   - Trading Systems, Emilio Tomasini & Urban Jaekle

   - Evidence-Based Technical Analysis, David R. Aronson

   - Machine Learning for Algorithmic Trading, Stefan Jansen

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3. danukerMay 2021
   I warmly recommend the book Systematic Trading by Robert Carver. [1]

   The perils of trading bots are explained in it. The author himself runs one for a long time. [2]

   In particular, the greatest risks are overtrading (so you get eaten up by fees), and overexposure (so you get eaten up by volatility).

   [1] - https://www.systematicmoney.org/systematic-trading

   [2] - https://qoppac.blogspot.com/2021/04/trading-and-investing-pe...

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4. BostonianNov 2022
   Robert Carver, who used to work at a hedge fund, has a book on these ideas, "Systematic Trading".
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