One of the most important aspects of algorithmic trading is the removal of trading strategies from live accounts when they fail. Knowing when a strategy fails is extremely important as it allows us to avoid taking loses and missing opportunities while giving us the chance to reallocate our capital to use strategies that might be better-performing under current market conditions. However most people do not have a truly rational plan for system failure and others consider failure in only a very limited scope that is actually better fit to hope than to a rational analysis of a trading strategy’s statistical characteristics. Within these posts I want to discuss with you what trading system failure means and how this failure can […]Read more ›
Post Tagged with: "development"
Quantitative trader roles within large quant funds are often perceived to be one of the most prestigious and lucrative positions in the quantitative finance employment landscape. Trading careers in a “parent” fund are often seen as a springboard towards eventually allowing one to form their own fund, with an initial capital allocation from the parent employer and a list of early investors to bring on board. Competition for quantitative trading positions is intense and thus a significant investment of time and effort is necessary to obtain a career in quant trading. In this article I will outline the common career paths, routes in to the field, the required background and a self-study plan to help both retail traders and would-be professionals gain skills in quantitative trading. […]Read more ›
10 days before the third anniversary of the Trading Den, yesterday we hit a major milestone – we past the 500% profit mark. I think that is a result to be proud of, not in the least because this period also includes the most difficult year I have seen in the (gulp) 32 years I have been it the markets. I don’t say this to blow my own trumpet. Far from it in fact, because this result isn’t all down to me. It has been a real joint effort. It is a testament to the relentless hard work of the professional traders who make up the group and how everyone has worked together as a team: dedicated, determined and above […]Read more ›