Quantitative Trading: How to Build Your Own Algorithmic Trading Business PDF (2nd Edition) By Ernest Chan Free Download – Includes Verified Content:
Quantitative Trading: How to Build Your Own Algorithmic Trading Business
by Ernie Chan (Author)
As institutional traders increasingly adopt quantitative (or algorithmic) trading methods, many individual traders wonder whether they can still compete against these well-resourced professionals. The answer is a confident “yes.” In Quantitative Trading, Dr. Ernest Chan, an esteemed independent trader and consultant, guides you through the process. Whether you’re a retail trader aiming to launch your own quantitative trading operation or someone hoping to join a major financial firm as a quant trader, this hands-on guide offers the crucial knowledge needed for success.
Editorial Reviews
From the Inside Flap
Praise for Quantitative Trading
“With advances in technology, creating trading strategies has become easier than ever. Ernest Chan delivers a valuable service to both current and aspiring traders by clearly explaining the benefits, as well as the challenges, associated with modern quantitative trading techniques.”
—PETER BORISH, Founding Partner, Tudor Investment Corporation
“Dr. Ernest Chan lays out a comprehensive framework covering strategy development, backtesting, risk control, programming skills, and real-time implementation to help you build and operate an algorithmic trading business step-by-step.”
—YASER ANWAR, trader
“Quantitative systematic trading has long been a mysterious and difficult field, mastered by only a select few. In this straightforward and practical book, Dr. Chan highlights the key pillars of a successful automated trading system and shares hard-earned lessons to help readers avoid common pitfalls faced by both individual and institutional traders.”
—ROSARIO M. INGARGIOLA, CTO, Alphacet, Inc.
“This book offers invaluable insight for private investors aiming to create a solid foundation for success in algorithmic trading. Ernie’s extensive hands-on experience is a great resource for traders wanting to elevate their skills.”
—RAMON CUMMINS, private investor
“Among the many quantitative trading books and articles I’ve read, very few have been truly helpful. Often, authors lack real expertise or hesitate to share meaningful information for fear of losing trade secrets. Ernie takes a different approach: he openly shares significant insights and fosters valuable discussions within the quantitative community. He distills complex topics into a clear and thorough guide that benefits both beginners and professionals.”
—STEVE HALPERN, founder, HCC Capital, LLC
From the Back Cover
Quantitative (or algorithmic) trading now represents roughly one-third of the total trading volume in the U.S. While institutional players continue leveraging this effective method, many independent traders with fewer resources and less computational power ask if they can still compete. The answer remains “yes,” and in Quantitative Trading, Dr. Ernest Chan, a well-known independent trader and consultant, shows you how.
Whether you’re a retail trader aiming to build your own quant trading business or an individual pursuing a career as a quantitative trader at a leading financial firm, this practical guide provides everything you need to succeed.
This book is organized around the critical steps involved in starting quantitative trading, including how to:
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Identify a viable trading strategy that fits your risk tolerance and confidence level
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Backtest your strategies using tools like MATLAB®, Excel, and other software to verify historical performance
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Develop and deploy automated systems to execute your trades
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Adjust your strategies by scaling up or winding down based on real-world profitability
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Manage capital and risks related to your trading positions
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Integrate advanced professional concepts into your daily trading routine
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And much more
Dr. Chan focuses on the essential practical aspects of turning quantitative trading ideas into profitable ventures, avoiding overly complex theories. Instead, he emphasizes straightforward tools and techniques to help you gain a competitive edge over institutional traders.
For ongoing updates, insights, and trends in quantitative trading, you’re invited to visit Dr. Chan’s blog at epchan.blogspot.com and his premium content site at epchan.com/subscriptions, accessible free with your book purchase.
As an independent trader, you have the freedom that institutional settings lack — and by following the discipline of quantitative trading, you can achieve substantial returns. With this trusted guide, you’ll quickly learn what it takes to thrive in this fast-paced and challenging field.
About the Author
Ernest P. Chan, PhD, is a quantitative trader and consultant who helps clients implement automated statistical trading strategies. He has held roles as a quantitative researcher and trader at investment banks such as Morgan Stanley and Credit Suisse, as well as hedge funds including Mapleridge Capital, Millennium Partners, and MANE Fund Management. Dr. Chan holds a PhD in physics from Cornell University.
Product Details
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Publisher: Wiley; 1st edition (November 17, 2008)
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Language: English
