December 2012
Intermediate to advanced
224 pages
6h 13m
English
book
The Trend Following Bible: How Professional Traders Compound Wealth and Manage Risk
by Andrew Abraham, David Druz
Content preview from The Trend Following Bible: How Professional Traders Compound Wealth and Manage Risk
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CHAPTER 4
How Successful Trend Followers Trade
It is imperative to remember that the returns of professional trend followers are not representative of those of all trend followers. More so, do not expect your results to be on par with theirs as you begin your journey.
I am not recommending these managers, rather using their history to show what trend following can generate when one trades with a well-thought-out plan and risk management in place. I am giving a short historical background of each of the managers as well. I present here a hypothetical compounding if you had invested with these various managers.
The Trend Followers
Before we start, remember: Past performance is not indicative of future performance. The risk of loss in trading commodity futures, options, and foreign exchange (forex) is substantial.
Salem Abraham
Abraham Trading Company
Began January 1988
CAROR 19.18 percent
Salem Abraham does not trade from Wall Street, rather from Canadian, Texas.
The population of Canadian is is approximately 2,000. However, Abraham Trading has been called “The Best Little Hedge Fund in Texas” by Absolute Return and Alpha magazine. In 2003 the New York Times wrote about Salem. The article was called “A Homespun Hedge Fund, Tucked Away in Texas.” I was surprised that Salem made it mainstream and was featured in the business section of the New York Times. Salem had been in the trading ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.