Andrew Abraham

andy-0101 My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.

Contact Details

If you are interested in contacting for speaking engagements. Please email me at Andrabr9@gmail.com or call 954 903 0638.

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Risk Warning

Futures and commodity trading involve substantial risk. The evaluations of futures and commodities may fluctuate and as a result, clients may lose more than their original investment. In no event should the content of this website be construed as an express or an implied promise, guarantee or implication by, that you will profit, or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible, where projections of future conditions are attempted.

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Trend Following CTA abraham investment management
Binary Options
Learn Forex Trading Online
Get a grip on forex trading with this free online course.
Tax Software

Turtle Trading Truths- Trend Following is Not as Easy as You Think!

The Turtle Trading Truths

The turtle program was based on a bet between Richard Dennis and William Eckhardt. Both of these men were successful traders. Richard Dennis had turned an initial stake of less than $5,000 into more than $100 million. Richard Dennis believed anyone could be taught to trade the futures markets. Eckhardt took the opposite view. Their bet was a real world story similar to the movie Trading Places in 1983 with Eddie Murphy and Dan Ackroyd.

Dennis decided to find potential traders that did not have any or minimal experience trading. He would teach them his rules and how to think as traders. He ran an advertisement in the Wall Street Journal and after two weeks of teaching he set them off with trading accounts. Most of these two weeks were based on trading psychology. Dennis believed very strongly in his position that trading could be taught and he actually gave the traders his own money to trade. He called his students “turtles” after recalling turtle farms he had visited in Singapore and believing that he could grow traders. He only accepted 14 recruits to trade. These 14 recruits were chosen out of thousands based on a true false series of questions. The questions were based on tenants of trend following. Dennis wanted to see how the potential traders viewed trend following. Trend followers do the uncomfortable. They buy highs with the anticipation that highs will go higher and sell lows with the anticipation lows will go lower. This is completely contradictory to what most traders do. They want to buy cheap and sell high. Most people think that high is too expensive and low is too cheap to take a position. Richard Dennis’s turtle trading proved them wrong in the 1980s as well as today. However it is never easy. Even with Dennis’s own fantastic trading record he personally ran into issues. Richard Dennis blew up in his own trading account. In 1988, Dennis was forced to close up shop after racking up tens of millions of dollars in losses for both his and his customers’ accounts. Dennis retired from trading and vowed to never again trade customer funds. However in 1994 Dennis came out of retirement and started to trade again however his results did not match his prior success.
Trend following and trend trading will always work because human psychology, judgment, and emotion will always move the markets. Often, prices of overall markets, commodities, currencies and stocks tend to trend, from a few days to a few months, subject to dips. Trend-followers try to identify a rising or a falling trend and latch on to it. Sounds simple! Indeed, the chart of any traded financial instrument will show trends. But it is extraordinarily difficult to get into and out of a trend. The reason is not that trends are a mirage. Many great traders, like Ed Seykota, Richard Dennis and Paul Tudor Jones, have made millions through trend-following systems. You do not hear of the majority that have lost their money and quit. Instead you hear ridiculous statements from system sellers such claims as:

Make Millions in Up or Down Markets

Or

Buy this Magic Money Producing Trading Robot

Past Performance is not indicative of future performance

Link on Amazon
http://www.amazon.com/Turtle-Trading–Become-Following-ebook/dp/B00B8OUREQ/ref=sr_1_4?ie=UTF8&qid=1363671266&sr=8-4&keywords=turtle+trading


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