Blog

The Yin Yang of Trend Following – Flipping Statistics on their Head in the Garden of Good and Evil

Readers of this Blog would be quite aware now of the underlying philosophy of the systematic divergent trader. They would be aware of the concern placed by divergent traders in using statistical techniques as a measure of predictive certainty; They would be aware of many possible future paths called risk and not attracted to the… Continue reading The Yin Yang of Trend Following – Flipping Statistics on their Head in the Garden of Good and Evil

Fund Performance

CTA Fund Performance Report – 30 June 2019 – Climbing out of Drawdowns

June 2019 saw a continuation of positive performance for the CTA's with the CTA Composite Index (60) now showing a 4.58% positive return YTD and the TF Global Index (37) reflecting a 3.94% YTD return. Will we see the protracted drawdown that has been experienced by these indexes since January 2015 vaporize, or is this just a short  term teaser before the overall markets flip back into their steady mean reverting rhythm?

Knowledge

The Case for Systematic over Discretionary Trading Styles

"You need many trials to expose biases the same way Vegas needs many bets to exemplify the fact that their long-term edges are ultimately insurmountable". Art Collins in In Beating the Financial Futures Market (Wiley, 2006) makes a powerful case for systems trading over discretionary trading. The following thought provoking extract was posted by Brenda Jubin in… Continue reading The Case for Systematic over Discretionary Trading Styles