Editorial Reviews. Review. “Following the Trend is an absolute must read for anyone with an Follow the Author. Andreas Clenow. + Follow. Andreas F. Clenow. ISBN: pages. January Following the Trend: Diversified Managed Futures Trading () cover. Andreas Clenow. · Rating details · ratings · 10 reviews. During bull and bear markets, there is a group of hedge funds and professional traders which.
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As for the cousin, well, going on anecdotal evidence anything is possible. It’s not just a clever rebranding, it’s really a very different game. Investigate what works and how it works.
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. To see clenoa your friends thought of this book, please sign up. Aaron rated it it was amazing May 15, Most trading books skip over it. You do not have a pool of cash anymore to be placed in govvies. As you’re forced to shut down positions not to blow your portfolio up, they fall back down.
Profiting in a New World Economy. There are no discussion topics on this book yet. Beyond that, further diversification will worsen your results.
There are a few key differences, that require you to adjust your expectations and approach. Aug 19, Terry Kim clenoa it it was amazing. Jun 28, Tadas Talaikis rated it did not like it. Dec 17, Ha Truong rated it really liked it Shelves: Disregarding of course the probabilities of having covered that stock when it was a small cap, the many times you would have been shaken out along the way, the allocation to this stock compared to the many that did less well etc.
Besides the common sense arguments of having lost the advantages of diversification and leverage, there’s quite a bit of actual, empiric evidence. They’re all beta bets and you just need to get the individual trnd risk down to reasonable levels. Typically the only input we need for a trend following model is the price. These traders are highly secretive about their proprietary trading algorithms and often employ top PhDs in their research teams.
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You end up mainly trading beta anyhow. Request permission to reuse content from this title. January 29, Articles 4 Comments 34, Views.
Following the Trend: Diversified Managed Futures Trading by Andreas Clenow
Nov 05, Karsten Reuss rated it it was amazing. I was doing well, advancing fast in the company. The potential for survivorship bias in single stock strategies is massive. They have shown remarkable uncorrelated performance and in the great bear market of they had record gains. Probably the most complete book on futures trading I’ve read. If however you are willing to adapt and move to momentum strategies, your chances will greatly improve.
Following the Trend: Diversified Managed Futures Trading
To blindly cling to trend following as a religion, disregarding any real world evidence and attacking anyone presenting ideas that differ to the trend following mantra is not only unprofessional, it’s outright dangerous. Expect to have great returns in bull markets and aim to make your strategy lose as little as possible in bear markets.
How do I know that standard trend following does not work on stocks? Replace it with a short index overlay if you have to. I have no reason to say that something works or does not work, unless that’s based on experience and research.
Would be nice if the real world worked like that though. Goodreads helps you keep track of books you want to read. Steven Resman rated it really liked it Feb 25, Trend following on futures is quite easy in comparison. By analysing year by year trend following performance folloeing 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.
He speaks clearly about the advantages and disadvantages of investing in futures as well as the pitfalls. There’s a good reason why most professionals who fololwing models similar to trend following to stocks call them momentum models.