Summary of Ernest P. Chan's Quantitative Trading

Please note: This is a companion version & not the original book. Book Preview:

#1 Quantitative trading is the trading of securities based on the decisions of computer algorithms. It is not just a fancy name for technical analysis, but it also includes more than just technical analysis.

#2 The kind of quantitative trading I focus on is called statistical arbitrage. It is the simplest financial instruments: stocks, futures, and sometimes currencies. One does not need an advanced degree to become a statistical arbitrage trader.

#3 The ideal independent quantitative trader is someone who has some experience with finance or computer programming, has enough savings to withstand the inevitable losses and periods without income, and whose emotion has found the right balance between fear and greed.

#4 Starting a quantitative trading business is very similar to starting any small business. You need to start small with limited investment, and gradually scale up the business as you gain knowledge and become profitable.

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