Developing Strategies With Kevin Davey by Jayanthi Gopalakrishnan
Kevin J. Davey is a professional trader and systems developer. He is the author of Building Winning Algorithmic Trading Systems: A Trader’s Journey From Data Mining To Monte Carlo Simulation To Live Trading. An aerospace engineer and MBA by background, Davey has been an independent trader for over 25 years. Although he has had a great deal of recent success, many of his early years of trading were met with failure. Bloodied but not defeated, Davey spent the next few years researching, reading, and otherwise devouring all he could about trading. That legwork paid off in a worldwide futures trading contest, in which Davey came in first place once and second place twice during the years 2005–2007.
Currently, Davey trades full-time, writes for trading publications, and divulges many of his trading practices in his Strategy Factory workshop. He also consults with private individuals, hedge fund traders, and CTAs when he is not developing new strategies for his own personal account.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Kevin Davey via phone on October 30, 2015 about how a retail trader can trade algorithmically.
Kevin, tell us a little bit about yourself and how you got interested in the financial markets. From what I’ve read about you, you have had quite an interesting journey.
I started out the way most people start out—I got a piece of direct mail. This was about 25 years ago or so, and that piece of mail stated how much money I could make trading commodities. That got me hooked and even though that particular method was garbage, I was able to go on from there...