Following the Trend

Following the Trend
Author: Andreas F. Clenow
Publisher: John Wiley & Sons
Total Pages: 309
Release: 2012-11-21
Genre: Business & Economics
ISBN: 111841084X

During bull and bear markets, there is a group of hedge funds and professional traders which have been consistently outperforming traditional investment strategies for the past 30 odd years. They have shown remarkable uncorrelated performance and in the great bear market of 2008 they had record gains. These traders are highly secretive about their proprietary trading algorithms and often employ top PhDs in their research teams. Yet, it is possible to replicate their trading performance with relatively simplistic models. These traders are trend following cross asset futures managers, also known as CTAs. Many books are written about them but none explain their strategies in such detail as to enable the reader to emulate their success and create their own trend following trading business, until now. Following the Trend explains why most hopefuls fail by focusing on the wrong things, such as buy and sell rules, and teaches the truly important parts of trend following. Trading everything from the Nasdaq index and T-bills to currency crosses, platinum and live hogs, there are large gains to be made regardless of the state of the economy or stock markets. By analysing year by year trend following performance and attribution the reader will be able to build a deep understanding of what it is like to trade futures in large scale and where the real problems and opportunities lay. Written by experienced hedge fund manager Andreas Clenow, this book provides a comprehensive insight into the strategies behind the booming trend following futures industry from the perspective of a market participant. 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. 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.

Managed Trading

Managed Trading
Author: Jack D. Schwager
Publisher: John Wiley & Sons
Total Pages: 352
Release: 1996-09-06
Genre: Business & Economics
ISBN: 9780471020578

An in-depth investigation into the increasingly popular investment: managed futures—written by one of the world's leading authorities "Jack Schwager has written the definitive book on managed futures investing. It is exhaustive in coverage, and the analysis is exceptionally rigorous. The writing is refreshingly candid and sure to provoke discussion on many important topics in the managed futures industry. This book should be required reading for anyone considering investing in managed futures." —Scott Irwin Professor, The Ohio State University "Jack continues to be both an educator and a portfolio manager. Managed Trading is a wonderful book and much needed in the industry. I consider it required reading for investors and financial industry professionals. Finally, a road map which outlines and explores investment issues succinctly." —M. Elaine Crocker President, Moore Capital Management, Inc. "This book is a 'must-read' for anyone thinking of investing in managed futures. Schwager combines the best of academic research on managed futures investments with his own practitioner experience to provide a comprehensive and insightful analysis of the managed futures industry." —Franklin R. Edwards Arthur F. Burns, Professor, Finance and Economics Columbia Business School "The futures markets will continue to grow worldwide. You should read Jack Schwager whether you are contemplating such investments or are already investing, or even if you just want to understand what is happening." —Jim Rogers Author, Investment Biker "Schwager puts managed futures in its proper perspective as a portfolio investment, providing the reader a complete and enlightening tour of the managed futures world. His writing style makes for easy reading and his common sense and good judgment shine through as he surveys the academic literature, linking the practical and the theoretical in evaluating these investments. New investors and old hands alike will find this a 'must buy and hold' book." —Mark J. Powers President, Powers & Dubin Asset Allocation and Management Co. Editor, The Journal of Futures Markets

Trading and Money Management in a Student-Managed Portfolio

Trading and Money Management in a Student-Managed Portfolio
Author:
Publisher: Academic Press
Total Pages: 492
Release: 2013-11-01
Genre: Business & Economics
ISBN: 0080911935

Trading and Money Management in a Student-Managed Portfolio is a hands-on textbook for student-managed investment funds (SMIFs). The book presents the applied material that textbooks on portfolios and investments always overlook. Its focus on "how-to" questions summarizes the disciplines and skills necessary for trading. Covering equities, hedge funds and derivatives, and fixed income, it captures the breadth and detail necessary for developing and executing trading strategies. Developed specifically for SMIF courses, the book features calculations, examples, and software that help you move from talking about markets to taking positions in them. Methodically summarizes the disciplines and skills necessary for trading Teaches you to build a ranking model for securities and write a research report for a sell-side firm Covers equities, fixed income, derivatives, and hedge funds

Options

Options
Author: Simon Vine
Publisher: John Wiley & Sons
Total Pages: 271
Release: 2011-08-24
Genre: Business & Economics
ISBN: 1118160967

The key concepts and essential strategies behind the successful use of options Written by Simon Vine, a seasoned trader who has over ten years of experience on Wall Street under his belt, Options is the definitive book on options for traders, investors, and risk professionals. Options provides a step-by-step approach to trading, hedging, and investing using options, and shares the key concepts essential to successful options use. Options also explores how to use a wide variety of options strategies and shows readers how to select the strategy that best fits their own psychological risk profile. Filled with real-world examples and proven strategies, this invaluable resource will be of interest to all professionals-and newcomers-who'd like to exploit options for strategic advantage, risk management, or profit. Simon Vine (Moscow, Russia) is deputy head of the investment banking division at Alfa Bank, the largest private financial institution in Russia. He holds an MBA from Columbia Business School and a BA from the Institute for Finance and Economics in Moscow.

A Trader's Money Management System

A Trader's Money Management System
Author: Bennett A. McDowell
Publisher: John Wiley & Sons
Total Pages: 228
Release: 2008-07-01
Genre: Business & Economics
ISBN: 0470428597

Money management may very well be the most important piece of the trading puzzle. In A Trader's Money Management System, expert Bennett McDowell provides time-tested techniques that can turn a losing trader into a winning one?and take the winning trader to an entirely new level. In revealing his personal approach to staying out of trouble in the financial markets and maximizing profits, he offers comprehensive insights into: The psychology of risk control as well as the finer aspects of setting stop-loss exits The value of managing trade size and consistent record keeping The process of putting together your own personal money management system Unlike other books that focus on the complex mathematical theories behind money management, this book presents its system in straightforward, easy-to-understand terms that will allow you to quickly see how these concepts work and immediately benefit from the value of effectively managing risk.

Trend Following with Managed Futures

Trend Following with Managed Futures
Author: Alex Greyserman
Publisher: John Wiley & Sons
Total Pages: 470
Release: 2014-08-25
Genre: Business & Economics
ISBN: 1118890973

An all-inclusive guide to trend following As more and more savvy investors move into the space, trend following has become one of the most popular investment strategies. Written for investors and investment managers, Trend Following with Managed Futures offers an insightful overview of both the basics and theoretical foundations for trend following. The book also includes in-depth coverage of more advanced technical aspects of systematic trend following. The book examines relevant topics such as: Trend following as an alternative asset class Benchmarking and factor decomposition Applications for trend following in an investment portfolio And many more By focusing on the investor perspective, Trend Following with Managed Futures is a groundbreaking and invaluable resource for anyone interested in modern systematic trend following.

Trading and Investing in Bond Options

Trading and Investing in Bond Options
Author: M. Anthony Wong
Publisher: John Wiley & Sons
Total Pages: 318
Release: 1991-09-03
Genre: Business & Economics
ISBN: 9780471525608

To become successful in the bond options market, it is important for professionals to gain a basic, yet thorough understanding of how options are priced, traded, and used in interest-rate risk and fixed-income portfolio management. Provides practical answers to questions that new participants will ask as they become more sophisticated in the bond option market. It describes the U.S. government bond options markets and discusses how options pricing and computer technologies are used in market-making, strategic trading, and value investing. After introducing standard options terminology, it provides background data on U.S. Treasury bonds, bond options pricing models, advanced pricing models, the fundamentals of bond options dealing, strategies driven by interest rate forecasts, the most widely used structured portfolio strategies involving options, and more.

Portfolio Management Formulas

Portfolio Management Formulas
Author: Ralph Vince
Publisher: John Wiley & Sons
Total Pages: 282
Release: 1991-01-16
Genre: Business & Economics
ISBN: 9780471527565

Explores two neglected mathematical tools essential for competing successfully in today's frenzied commodities markets: quantity, which shows the proper amounts a trader should trade for a given market and system, and intercorrelation of returns (diversification), which shows not only which markets and systems to trade, but how to diversify with respect to trading the right quantities for each market. By using these lesser known tools in conjunction with the more popular trade/system selection tools, readers will see mathematically how success in the markets can be achieved, and how ``success'' without using all three is most likely incidental. In addition, non-stationary distribution of profits and losses and drawdowns are incorporated into the discussions to expose traders to the highs and lows of commodities markets and how best to leverage their assets.

Quality Money Management

Quality Money Management
Author: Andrew Kumiega
Publisher: Academic Press
Total Pages: 304
Release: 2011-08-29
Genre: Business & Economics
ISBN: 0080559913

The financial markets industry is at the same crossroads as the automotive industry in the late 1970s. Margins are collapsing and customization is rapidly increasing. The automotive industry turned to quality and its no coincidence that in the money management industry many of the spectacular failures have been due largely to problems in quality control. The financial industry in on the verge of a quality revolution. New and old firms alike are creating new investment vehicles and new strategies that are radically changing the nature of the industry. To compete, mutual funds, hedge fund industries, banks and proprietary trading firms are being forced to quicklyy research, test and implement trade selection and execution systems. And, just as in the early stages of factory automation, quality suffers and leads to defects. Many financial firms fall short of quality, lacking processes and methodologies for proper development and evaluation of trading and investment systems. Authors Kumiega and Van Vliet present a new step-by-step methodology for such development. Their methodology (called K - Presents a robust process engineering framework for developing and evaluating trading and investment systems - Best practices along the step-by-step process will mitigate project risk, model risk, and ensure data quality - Includes a quality model for backtesting and managing market risk of working systems

The Fast method to Learn Self-Directed Trading

The Fast method to Learn Self-Directed Trading
Author: Joseph Geruto
Publisher:
Total Pages: 180
Release:
Genre:
ISBN:

Trading is challenging for most people because they simply don't have tools or confidence to successful. The Fast method to Learn Self-Directed Trading is important for beginners because it tells it like it is and gives an inside look at the markets, giving you the reality on what the market is really like, the way they are really run and tells you who runs them. Let’s face it, it’s a well-known fact that 97% of brand new self-directed investors and traders fail and lose all of their money. Don’t be that trader. It is huge step when you make the decision to become a self-directed investor and trader. Most brand new traders are getting into this business because they think they can make quick money and become rich beyond their dreams. While that may be true, it is not as easy as one thinks and certainly will not happen as soon as one thinks however if you brand new and follow closely what it says in The Fast method to Learn Self-Directed Trading you can certainly cut down your long learning by half for sure. There are only two groups of people who are doing business in the markets, the professionals and the retail investors and traders, one gets it the other doesn’t, who do you to be? The key to being rich is learning how to become rich first. Everyone has their own idea of what it means to be rich and have financial freedom and the information The Fast method to Learn Self-Directed Trading will start you on your journey to getting what it is you want. The Fast method to Learn Self-Directed Trading will get you on the fast track to knowledge about what it takes to become financially independent so that you can live and make an income from anywhere in the world you wish to be. Use The Fast method to Learn Self-Directed Trading as an overview or a guide if you will, for what to study and learn first to become consistently profitable from investing and trading as a self-directed beginner. The Fast method to Learn Self-Directed Trading is written to provide straightforward, easy to understand and easy to apply advice, tips and techniques that can be the backbone of any self-directed beginner traders success in the financial markets. You must construct, implement, then stick to a core strategy that is rule based, and if you wish to become wealthy, this is the only way to do it during both ups and downs in the markets. There is a lot to know and learn and I give you concise information as to what to learn first and what to look for as far as further information is concerned. I tell you only the most critical things to learn first because those are absolutely the most important and the ones that will make you money right away if you do them.