Following the Trend: Diversified Managed Futures Trading Hardcover
暫譯: 跟隨趨勢:多元化管理期貨交易 精裝版
Andreas Clenow
- 出版商: Wiley
- 出版日期: 2013-01-14
- 售價: $3,250
- 貴賓價: 9.5 折 $3,088
- 語言: 英文
- 頁數: 300
- 裝訂: Hardcover
- ISBN: 1118410858
- ISBN-13: 9781118410851
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商品描述
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 lean 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.
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 lean 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.
商品描述(中文翻譯)
在牛市和熊市期間,有一群對沖基金和專業交易員在過去三十多年中持續超越傳統投資策略。他們展現了顯著的非相關表現,在2008年的大熊市中創下了紀錄性的收益。這些交易員對其專有交易算法保持高度保密,並經常聘請頂尖的博士生加入其研究團隊。然而,使用相對簡單的模型來複製他們的交易表現是可能的。這些交易員是趨勢跟隨的跨資產期貨經理,亦稱為CTAs。許多書籍都在討論他們,但沒有一本能夠如此詳細地解釋他們的策略,以使讀者能夠模仿他們的成功並創建自己的趨勢跟隨交易業務,直到現在。
《跟隨趨勢》解釋了為什麼大多數有希望的交易者會失敗,因為他們專注於錯誤的事物,例如買賣規則,並教導趨勢跟隨中真正重要的部分。從納斯達克指數和國庫券到貨幣交叉、鉑金和瘦豬肉,無論經濟或股市狀況如何,都有巨大的收益可獲得。通過逐年分析趨勢跟隨的表現和歸因,讀者將能夠深入了解大規模交易期貨的情況,以及真正的問題和機會所在。
本書由經驗豐富的對沖基金經理安德烈亞斯·克萊諾(Andreas Clenow)撰寫,從市場參與者的角度提供了對蓬勃發展的趨勢跟隨期貨行業背後策略的全面見解。這個行業成功背後的策略被詳細解釋,包括完整的交易規則和如何複製成功對沖基金表現的指導。這本書將帶給你一場潛在的高收益過山車之旅,真實而誠懇地探討趨勢跟隨的正面和負面兩面。