Do you have a systematic approach to achieve consistent and sustainable success in trading? In The Systematic Trader, award-winning trader Collin Seow unveils the secrets that pulled him out of a $250,000 debt to become a successful and profitable trader within a short span of sixteen months. Values, knowledge, and skills are essential elements of successful trading. Collin shares the set of values distilled from his 20 years of trading experience that has anchored his success today. Packed with winning strategies and practical action plans, you will find this book useful in improving your trading knowledge and skills. This book introduces a back tested proprietary TradersGPS system that will help you take the guesswork out of trading, as well as psychological habits you need to develop to ensure long-term success in investing.
An overall much better book than the other one the author co wrote with a few others.
The author shares his journey into trading as a career, how he got into debt but yet maintained his sanity and got out ultimately.
I didn’t dwell too much into the technicals in the write up but appreciated his concepts on risk management, psychology, etc. I learnt how bad traders think vs fund managers, which explains why retail traders tend to do worse in trading.
Overall a highly recommended read for a holistic view of trading as a profession.
Full of grammatical errors and poor editing, the book is the usual spiel of self advertising for a semi-well known personality in singapore. Unfortunately his book would only be useful for absolute beginners, having a few genuinely good tips such as the importance of having stop losses etc. Otherwise, it is rife with confirmation bias when using charts as examples.
For example, a technique using ATR. The book doesn't explain how it derives the number but instead tells us, readers, to assume it as it is. By then I doubt we learn anything from the book