Trader Vic on commodities : what's unknown, misunderstood, and too good to be true / Victor Sperandeo.

Format:

Book

Author/Creator:

Sperandeo, Victor.

Series:

Wiley trading series.

Wiley trading series

Language:

English

Subjects (All):

Commodity exchanges.

Commodity futures.

Speculation.

Physical Description:

1 online resource (221 p.)

Edition:

1st ed.

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, c2008.

Language Note:

English

Summary:

In Trader Vic on Commodities, Wall Street legend Victor Sperandeo explains in simple terms how these markets operate, removes some of the mystique and uncertainty involved, and offers a proven method for capitalizing on commodity market trends-without taking giant risks. Sperandeo shows that, as commodities are cyclical in nature, your goal should be to capture as much of the major market trends as possible, while balancing that goal with a minimum of risk.

Contents:

Trader Vic on Commodities; Contents; Preface; Acknowledgments; Chapter 1: The Basics; BREAKING IT DOWN; EVERYBODY WANTS SOME; BUY AND SELL, OR BUY AND HOLD?; Chapter 2: You Can't Win Them All; WHY MOST TRADERS LOSE; HOW TO LOSE PROPERLY; THROW IN YOUR HAND; TRADES APPEAR EVERYWHERE IN LIFE; Chapter 3: Indicators and Tools; RELATIVE STRENGTH; TREND FOLLOWING VERSUS MOMENTUM; SENTIMENT; COMMITMENT OF TRADERS; LONG-ONLY COMMODITY INDEXES; REBALANCING; Chapter 4: 2B or Not 2B; CHANGES IN TREND; THE 2B RULE; LONG-TERM 2BS; SPREADS AND THE 2B RULE; CALL OR FOLD, JUST STAY IN THE GAME

Chapter 5: An Introduction to the S&P DTITHE LONG-ONLY INDEX-LEAVING TOO MUCH ON THE TABLE?; COVERING ALL THE BASES; DO IT YOURSELF?; Chapter 6: A Challenge to the Random Walk Theory; TREND FOLLOWING IS A LEGITIMATE CHALLENGE TO THE RANDOM WALK THEORY; HE WHO STATES A CLAIM MUST PROVE HIS STATEMENTS; A CHALLENGE; TREND FOLLOWING STATISTICAL ANALYSIS EXPLANATION; SUMMARY; Chapter 7: The Rationale and Value of a Long/Short Futures Strategy; THE RELATIONSHIP BETWEEN THE S&P DTI AND INFLATION; S&P DTI DURING DISINFLATIONARY ENVIRONMENTS; CONCLUSION; Chapter 8: Why the S&P DTI Is an Indicator

PREDICTIVE VALUE OF THE S&P 500DISTRIBUTION CLASSES; CONCLUSION; Chapter 9: The Fundamental Reason the S&P DTI Generates Core Returns; CORE RETURNS IN DIFFERENT ASSET CLASSES; THE SOURCE RETURNS OF COMMODITIES; WHY THE S&P DTI GENERATES CORE RETURNS; Chapter 10: The Nature of the S&P DTI Returns; DESIGN OF THE S&P DTI MOVING AVERAGE ALGORITHM; WHY THE PARTICULAR MOVING AVERAGE USED IS NOT IMPORTANT TO THE RESULTS; THE S&P DTI COMPARED TO LONG-ONLY INDEXES; THE MOVING AVERAGE RULE ALLOWS ONLY FOR THE APPROXIMATE MEASURE OF THE EXTENT OF THE RETURNS, BUT DOES NOT DETERMINE THEM

WHIPSAWS AND SHORT-TERM TRENDS CANNOT DOMINATE THE S&P DTI'S MOVEMENTS FOR LONGBASIS OF RETURNS AT ANY PARTICULAR TIME PERIOD IS THE EXTENT OF THE LONG-TERM TRENDS; THE NATURE OF LSM AND S&P DTI LOSSES; NONCORRELATION WITHIN ITS TWO MAJOR GROUPS; TRUE DIVERSIFICATION WITHIN ITS COMPONENTS; DIVERSIFICATION AND NONCORRELATION PROVIDES STABLE RETURNS; LSM AND S&P DTI LOSES BECAUSE OF SHORT-TERM TRENDS; LARGEST DRAWDOWN ANALYSIS; SUMMARY; Chapter 11: A Fundamental Hedge; TIME AS A FACTOR IN HEDGE RESULTS; Chapter 12: S&P DTI Subindexes; A PURE COMMODITY PLAY; BUILDING S&P CTI-BASED PRODUCTS

AfterwordSUMMARIZING AND CLARIFYING; Appendix A: S&P DTI Methodology and Implementation; INTRODUCTION; DESCRIPTION; METHODOLOGY AND MAINTENANCE; REBALANCING; THE ECONOMIC FUNCTION OF THE FUTURES MARKET; THE S&P DTI AND INFLATION; ACTIVE CONTRACT POSITION FOR SECTOR i; Appendix B: How to Interpret Simulated Historical Results; THE LSM AS A PROXY FOR THE S&P DTI; COMPARISON OF THE PERFORMANCE OF THE S&P DTI TO OTHER ASSET CLASSES MEASURED WITHIN DIFFERENT ECONOMIC PERIODS; Appendix C: Correlation Statistics; About the Author; Index

Notes:

Includes index.

Description based on metadata supplied by the publisher and other sources.

ISBN:

9786611217259

9781119196792

1119196795

9781281217257

1281217255

9780470249215

0470249218

OCLC:

476131145