Following the Trend: Diversified Managed Futures Trading
| Author | : | |
| Rating | : | 4.55 (751 Votes) |
| Asin | : | 1118410858 |
| Format Type | : | paperback |
| Number of Pages | : | 300 Pages |
| Publish Date | : | 2016-09-28 |
| Language | : | English |
DESCRIPTION:
They have shown remarkable uncorrelated performance and in the great bear market of 2008 they had record gains. Trading everything from the Nasdaq index and T-bills to currency crosses, platinum and lean hogs, there are large gains to be made regardless of the state of the economy or stock markets. The strategies behind the success of this industry are explained in great detail, including complete trading rules and instructions for how to replicate the performance of successful hedge funds. These traders are highly secretive about their proprietary trading algorithms and often employ top PhDs in their research teams. You are in for a potentially highly profitable roller coaster ride with this hard and honest look at the positive as well as the negative sides of trend following.. During bull and bear markets, there is a group of hedge funds and professional traders which have been consistently outperforming
I admired Clenow’s repeatedly pointing out real life difficulties and drawbacks and his refusal to use optimization or well-chosen examples as virtually all other books of this type tend to do. In one particularly innovative chapter, Clenow creates close replications of some of the best and largest trendfollowing funds by combining his set of simple, non-optimized rules with variations in portfolio composition and volatility level.”—Jack Schwager, Author of Market Wizard and Schwager on Futures series and Market Sense and Nonsense. As someone who has designed these types of systems, it is absolutely clear to me that Clenow writes as a knowledgeable practitioner, not an armchair theoretician. The book is at the same time comprehensive and easy to read. “Following the Trend is an absolute must read for anyone with an interest in systematic trend following whether as an investor, trader, or aspiring manager. In short, this is a real life presentation
DougR said Great Book if You Are Managing a Large Portfolio. I really liked the ideas in this book and I enjoyed the writing style of the author. Unfortunately the book was targeted to investment professionals who are managing other people's money as a CTA fund manager, so the concepts suggested in the book require a larger investment portfolio than most individual investors would have in order to gain the proper diversification. Even the author says implementing his ideas requires a total portfolio of at least $1 million. That is a fairly significant portfolio. ASmith said This book brings trend following all together. The best summary of this book is in the foreword by Curtis Faith, original turtle trader. He recommends to budding trend followers that they first read Reminiscences of a Stock Operator to learn about Jesse Livermore. The original and the best. Then read Jack Schwager's Market Wizards books to learn about other successful traders and trend followers. Then, when you are truly ready to pull it all together into a coherent strategy, read Following the Trend by Andreas F Clenow.I would personally read Tre. "This book is essential!!!!!!" according to M. Todd Miller. When I first started studying trend following, I got the "buy high, sell higher" "manage your risk""Drawdowns are part of the game""use volatility to size your positions"."once you have the rules in place, it becomes 100% psychological". All of these points are 100% true and very, very important. What Andreas does is take these truths much further. I have read several books on trend following, and all were very good, but something was lacking. Most will talk about the importance of portfolio selection