The Universal Tactics of Successful Trend Trading: Finding Opportunity in Uncertainty (Wiley Trading)

The interesting thing about financial markets is that so many systematic strategies are operating today. The reliance on experience and discretion is becoming less and less of the overall makeup of things. Passive flows are obviously taking over a lot and the active space is turning more systematic. To be fair, the market has become significantly m

... See more

returns to a different outcome to the point where you start to develop a true distribution on your return stream, not merely the one actual occurrence. It’s a way of simulating more data. What results then is that your maximum drawdowns go out because there will be one simulation in there where those bad months hit together. What it really does is

... See more