Managed Trading: Myths & Truths

by Jack D. Schwager

Book Overview

With Market Wizards and The New Market Wizards, two of the bestselling finance titles of all time, Jack Schwager is one of the most important and visible figures in the futures industry today. Now, in Managed Trading, the latest volume in the Schwager on Futures series, he takes an in-depth look at the increasingly prominent new asset class: managed futures, professionally managed investments in commodity and financial futures markets. Due to their...

• Format: Hardcover
• Language: English
• ISBN: 0471020575
• ISBN13: 9780471020578
• Release Date: September 1996
• Publisher: Wiley
• Length: 352 Pages
• Weight: 1.80 lbs.
• Dimensions: 0.9" x 7.3" x 10.2"

Customer Reviews

A MUST READ SERIES FOR WHOEVER WANTS TO TRADE IN FUTURES

This Series "Schwager on Futures" is the biggest work has ever been written on futures trading. As a Futures Trader I advise everybody to read these books before to starts any real trading in Futures, that if not taken in the proper way can be very painfull. As a Member of IFTA(International federation Of Tecnical Analisys)I suggest you to read it joint with John Murphy's "Technical Analisys f Futures Markets" and "Intermarket Technical Analisys" this will give you a integral knowledge of Futures Environment that is what you need on your Trading philosophy. I always let these books on my desk because I need them so many times during my trading day. THEY ARE A REAL REFERENCE. The good thing of this series is that you can test your comprension by the various study guides. Reading the book about "Managed Trading" You can even get able to judge the returns of the various CTA and decide when it is better to invest in them and to whom give your money.Probably you are not be interested in the Fundamental analisys book but remember, especially in the commodities markets, EVEN IF YOU ARE GOING TO TRADE TECHNICALLY IS VERY IMPORTANT TO UNDERSTAND FUNDAMENTAL ANALISYS!!! Thank you very much to have spent all this time for read me. If you still have some doubts do not hesitate to contact me at my E-mail. Buon Trading!!!

Read this book if you are considering investing in any CTA

An excellent book, not for the amateur. Prospective readers should also be aware that CTA requirements are very high; running into millions of dollars. The next best choice are pools. However even these will require at least $25,000. This is a great book for would be hedge-fund investors as well. Schwager's ideas on monthly rebalancing and investing during drawdown periods are great examples of how counter intuitive ideas are very often the correct ones in the world of investing.

This book is a must for users of managed futures!

Jack Schwager is one of the best writers around on the subject of futures and trading. Let me begin by saying that this is one of my picks for the three best books of 1996. Why? First of all, it is one of the few books on futures trading that is statistically sound and sensible. There are three main themes: 1. Performance numbers are often not what they appear to be.2. Past performance is far less predictive of future performance than generally believed.3. There are investment strategies that can be used to enhance expected portfolio performance. In my opinion, no one should include managed futures in a portfolio without this book. And the techniques of measurement and analysis described here set the standard for those who would be Commodity Trading Advisors. I recommend it highly!