| |
| |
Preface | |
| |
| |
Acknowledgments | |
| |
| |
| |
| |
| |
| |
Trend Following | |
| |
| |
The Market | |
| |
| |
Winning and Losing | |
| |
| |
Investor v. Trader: How Do You See the World? | |
| |
| |
Fundamental v. Technical: What Kind of Trader Are You? | |
| |
| |
Discretionary v. Mechanical: How Do You Decide? | |
| |
| |
Timeless | |
| |
| |
Has Trend Following Changed? | |
| |
| |
Trend Following Modus Operandi: Follow Price | |
| |
| |
Follow the Trend | |
| |
| |
Handling Losses | |
| |
| |
Conclusion | |
| |
| |
| |
Great Trend Followers | |
| |
| |
Bill Dunn | |
| |
| |
John W. Henry | |
| |
| |
Ed Seykota | |
| |
| |
Keith Campbell | |
| |
| |
Jerry Parker | |
| |
| |
Salem Abraham: Texas Pioneer | |
| |
| |
Richard Dennis | |
| |
| |
Richard Donchian | |
| |
| |
Jesse Livermore and Dickson Watts | |
| |
| |
| |
| |
| |
| |
Performance Data | |
| |
| |
Absolute Returns | |
| |
| |
Fear of Volatility; Confusion with Risk | |
| |
| |
Drawdowns | |
| |
| |
Correlation | |
| |
| |
The Zero-Sum Nature of the Markets | |
| |
| |
George Soros Refutes Zero-Sum | |
| |
| |
| |
Big Events in Trend Following | |
| |
| |
| |
Stock Market Bubble | |
| |
| |
| |
Long Term Capital Management Collapse | |
| |
| |
| |
Asian Contagion and Victor Niederhoffer | |
| |
| |
| |
Barings Bank Meltdown | |
| |
| |
| |
Metallgesellschaft | |
| |
| |
Final Thoughts | |
| |
| |
The Coming Storm | |
| |
| |
| |
Baseball: Thinking Outside the Batter's Box | |
| |
| |
The Home Run | |
| |
| |
Moneyball and Billy Beane | |
| |
| |
John W. Henry Enters the Game | |
| |
| |
Pedro Stays In | |
| |
| |
| |
| |
| |
| |
Human Behavior | |
| |
| |
Prospect Theory | |
| |
| |
Emotional Intelligence: Daniel Goleman | |
| |
| |
Charles Faulkner | |
| |
| |
Ed Seykota's Trading Tribe | |
| |
| |
Curiosity Is the Answer, Not Degrees | |
| |
| |
Commitment to Habitual Success | |
| |
| |
| |
Decision-Making | |
| |
| |
Occam's Razor | |
| |
| |
Fast and Frugal Decision-Making | |
| |
| |
The Innovator's Dilemma | |
| |
| |
Process v. Outcome | |
| |
| |
| |
Science of Trading | |
| |
| |
Critical Thinking | |
| |
| |
Chaos Theory: Linear v. Nonlinear | |
| |
| |
Compounding | |
| |
| |
| |
Holy Grails | |
| |
| |
Buy-and-Hold | |
| |
| |
The King of Buy-and-Hold: Warren Buffett | |
| |
| |
Losers Average Losers | |
| |
| |
Crash and Panic: Retirement Plans | |
| |
| |
Wall Street: Analysis Paralysis | |
| |
| |
Final Thoughts | |
| |
| |
| |
| |
| |
| |
Trading Systems | |
| |
| |
Risk, Reward, and Uncertainty | |
| |
| |
The Five Questions for a Trading System | |
| |
| |
Your Trading System | |
| |
| |
Frequently Asked Questions | |
| |
| |
| |
Conclusion | |
| |
| |
Slow Acceptance | |
| |
| |
Blame Game | |
| |
| |
Understand the Game | |
| |
| |
Decreasing Leverage; Decrease Return | |
| |
| |
Fortune Favors the Bold | |
| |
| |
Appendices | |
| |
| |
| |
Personality Traits of Successful Traders | |
| |
| |
| |
Trend Following Models | |
| |
| |
| |
Trading System Example from Trading Recipes | |
| |
| |
| |
Modern Portfolio Theory and Managed Futures | |
| |
| |
| |
Critical Questions for Trading Systems | |
| |
| |
Resources | |
| |
| |
Endnotes | |
| |
| |
Bibliography | |
| |
| |
About the Author | |
| |
| |
Index | |