{"product_id":"following-the-trend-9781119908982","title":"Following the Trend","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e1.  Foreword by Jerry Parker 1\u003c\/p\u003e \u003cp\u003e2. Forewords to the First Edition 2\u003c\/p\u003e \u003cp\u003e3. Preface 4\u003c\/p\u003e \u003cp\u003e1. Cross Asset Trend Following with Futures 1\u003c\/p\u003e \u003cp\u003eDiversified Trend Following in a Nutshell 3\u003c\/p\u003e \u003cp\u003eThe Traditional Investment Approach 5\u003c\/p\u003e \u003cp\u003eThe Case for Diversified Managed Futures 9\u003c\/p\u003e \u003cp\u003eManaged Futures as a Business 14\u003c\/p\u003e \u003cp\u003eDifferences between Running a Trading Business and Personal Trading 19\u003c\/p\u003e \u003cp\u003eMarketability of Your Strategy 19\u003c\/p\u003e \u003cp\u003eVolatility Profile 20\u003c\/p\u003e \u003cp\u003eSubscriptions and Redemptions 22\u003c\/p\u003e \u003cp\u003ePsychological Difference 23\u003c\/p\u003e \u003cp\u003e2. Futures Data 25\u003c\/p\u003e \u003cp\u003eFutures as an Asset Class 25\u003c\/p\u003e \u003cp\u003eFutures Exchanges 25\u003c\/p\u003e \u003cp\u003eFutures and Currency Exposure 25\u003c\/p\u003e \u003cp\u003eFutures Data 28\u003c\/p\u003e \u003cp\u003eDealing with Limited Life Span 28\u003c\/p\u003e \u003cp\u003eTerm Structure 31\u003c\/p\u003e \u003cp\u003eBasis Gaps 33\u003c\/p\u003e \u003cp\u003eThe Change in how Continuations are used 36\u003c\/p\u003e \u003cp\u003eFutures Sectors 37\u003c\/p\u003e \u003cp\u003eAgricultural Commodities 37\u003c\/p\u003e \u003cp\u003eNon-Agricultural Commodities 40\u003c\/p\u003e \u003cp\u003eCurrencies 44\u003c\/p\u003e \u003cp\u003eEquities 46\u003c\/p\u003e \u003cp\u003eRates 49\u003c\/p\u003e \u003cp\u003e3. Constructing Diversified Futures Trading Strategies 53\u003c\/p\u003e \u003cp\u003eThey are all doing the Same Thing 54\u003c\/p\u003e \u003cp\u003eCracking Open the Magic Trend Following Black Box 58\u003c\/p\u003e \u003cp\u003eInvestment Universe 58\u003c\/p\u003e \u003cp\u003ePosition Sizing 61\u003c\/p\u003e \u003cp\u003eSlippage and Commission 64\u003c\/p\u003e \u003cp\u003eStrategy Personality 65\u003c\/p\u003e \u003cp\u003eAnatomy of a Trend Following Strategy 66\u003c\/p\u003e \u003cp\u003e4. Two Basic Trend Following Strategies 69\u003c\/p\u003e \u003cp\u003eStrategy Performance 72\u003c\/p\u003e \u003cp\u003eCorrelations Between Strategies 80\u003c\/p\u003e \u003cp\u003eConclusions from the Basic Strategies 82\u003c\/p\u003e \u003cp\u003eCombining the Strategies 83\u003c\/p\u003e \u003cp\u003eTrend Filter 83\u003c\/p\u003e \u003cp\u003eA Core Trend Following Strategy 85\u003c\/p\u003e \u003cp\u003eControlling the Risk Level 87\u003c\/p\u003e \u003cp\u003eCash Management and the Effect of Free Government Money 90\u003c\/p\u003e \u003cp\u003eLoading Fees 96\u003c\/p\u003e \u003cp\u003e5. In-Depth Analysis of Trend Following Performance 98\u003c\/p\u003e \u003cp\u003eStrategy Behaviour 98\u003c\/p\u003e \u003cp\u003eStrategy Long Term Performance 100\u003c\/p\u003e \u003cp\u003eCrisis Alpha 103\u003c\/p\u003e \u003cp\u003eTrading Direction 105\u003c\/p\u003e \u003cp\u003eSector Impact 108\u003c\/p\u003e \u003cp\u003ePutting Leverage into Context 111\u003c\/p\u003e \u003cp\u003eAs a Complement to an Equity Portfolio 117\u003c\/p\u003e \u003cp\u003e6. Year by Year Review 121\u003c\/p\u003e \u003cp\u003eHow to read this chapter 122\u003c\/p\u003e \u003cp\u003e2002 123\u003c\/p\u003e \u003cp\u003e2003 132\u003c\/p\u003e \u003cp\u003e2004 139\u003c\/p\u003e \u003cp\u003e2005 145\u003c\/p\u003e \u003cp\u003e2006 151\u003c\/p\u003e \u003cp\u003e2007 156\u003c\/p\u003e \u003cp\u003e2008 162\u003c\/p\u003e \u003cp\u003e2009 169\u003c\/p\u003e \u003cp\u003e2010 174\u003c\/p\u003e \u003cp\u003e2011 179\u003c\/p\u003e \u003cp\u003e2012 185\u003c\/p\u003e \u003cp\u003e2013 191\u003c\/p\u003e \u003cp\u003e2014 195\u003c\/p\u003e \u003cp\u003e2015 200\u003c\/p\u003e \u003cp\u003e2016 205\u003c\/p\u003e \u003cp\u003e2017 209\u003c\/p\u003e \u003cp\u003e2018 215\u003c\/p\u003e \u003cp\u003e2019 220\u003c\/p\u003e \u003cp\u003e2020 226\u003c\/p\u003e \u003cp\u003e2021 232\u003c\/p\u003e \u003cp\u003eYear by Year Conclusions 239\u003c\/p\u003e \u003cp\u003e7. Counter Trend Trading 244\u003c\/p\u003e \u003cp\u003eBuilding a Counter Trend Model 245\u003c\/p\u003e \u003cp\u003eCounter Trend Performance 249\u003c\/p\u003e \u003cp\u003e8. Systematic Trading without Time-series 252\u003c\/p\u003e \u003cp\u003eTem Structure 253\u003c\/p\u003e \u003cp\u003eMeasuring Term Structure 255\u003c\/p\u003e \u003cp\u003eUsing Term Structure for Trading 258\u003c\/p\u003e \u003cp\u003eLimitations of Term Structure Models 260\u003c\/p\u003e \u003cp\u003e9. Tweaks and Improvements 262\u003c\/p\u003e \u003cp\u003eTrading Synthetic Contracts 263\u003c\/p\u003e \u003cp\u003eCorrelation Matrices, Position Sizing and Risk 265\u003c\/p\u003e \u003cp\u003eOptimisation and its Discontents 267\u003c\/p\u003e \u003cp\u003eStyle Diversification 269\u003c\/p\u003e \u003cp\u003eVolatility Based Stop Loss 272\u003c\/p\u003e \u003cp\u003e10. Practicalities of Futures Trading 275\u003c\/p\u003e \u003cp\u003eRequired Asset Base 275\u003c\/p\u003e \u003cp\u003eGoing Live 277\u003c\/p\u003e \u003cp\u003eExecution 279\u003c\/p\u003e \u003cp\u003eCash Management 281\u003c\/p\u003e \u003cp\u003eHigher Volatility in Drawdown Mode 284\u003c\/p\u003e \u003cp\u003ePortfolio Monitoring 285\u003c\/p\u003e \u003cp\u003eStrategy Follow-Up 285\u003c\/p\u003e \u003cp\u003e11. Modelling Futures Strategies 287\u003c\/p\u003e \u003cp\u003eWhy you need to do your own research 288\u003c\/p\u003e \u003cp\u003eA Word about Programming 289\u003c\/p\u003e \u003cp\u003eSettling on a research environment 289\u003c\/p\u003e \u003cp\u003ePython and Zipline 291\u003c\/p\u003e \u003cp\u003eSourcing your data 293\u003c\/p\u003e \u003cp\u003eData Storage 295\u003c\/p\u003e \u003cp\u003eThe Dangers of Backtesting 295\u003c\/p\u003e \u003cp\u003e12. Does Trend Following work on Stocks? 297\u003c\/p\u003e \u003cp\u003eDefine Trend Following 297\u003c\/p\u003e \u003cp\u003eWhat about ETFs? 300\u003c\/p\u003e \u003cp\u003e13. Trading for a Living 302\u003c\/p\u003e \u003cp\u003eHow much does a good trader make? 302\u003c\/p\u003e \u003cp\u003eGetting a Trading Job 305\u003c\/p\u003e \u003cp\u003eTrading your own Money 308\u003c\/p\u003e \u003cp\u003eTrading OPM 309\u003c\/p\u003e \u003cp\u003eReasons not to Trade OPM 311\u003c\/p\u003e \u003cp\u003e14. Final Words of Caution 313\u003c\/p\u003e \u003cp\u003eDiminishing Returns of Futures Funds 313\u003c\/p\u003e \u003cp\u003eSetting the Initial Risk Level 314\u003c\/p\u003e \u003cp\u003eGoing Live 316\u003c\/p\u003e \u003cp\u003e15. Bibliography 318\u003c\/p\u003e \u003cp\u003eAuthor Website 318\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407188697431,"sku":"9781119908982","price":42.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119908982.jpg?v=1730498487","url":"https:\/\/bookcurl.com\/products\/following-the-trend-9781119908982","provider":"Book Curl","version":"1.0","type":"link"}