Carver famously argues you need between 12 and 20 uncorrelated futures markets. His advanced list excludes popular correlated markets:
Robert Carver maintains an active online presence where he continues to discuss the concepts from his book:
Position Size=Account Capital×Target Volatility (%) ×Instrument WeightInstrument Daily Volatility (in cash terms)Position Size equals the fraction with numerator Account Capital cross Target Volatility (%) cross Instrument Weight and denominator Instrument Daily Volatility (in cash terms) end-fraction advanced futures trading strategies robert carver pdf
Robert Carver is a well-known author and trader who has written extensively on advanced trading strategies. His book, "Advanced Futures Trading Strategies," provides a comprehensive guide to advanced futures trading, covering topics such as market analysis, risk management, and trading psychology. Carver's book is considered a must-read for traders looking to take their trading to the next level.
: Data on past behavior, risks, and performance across different asset classes. Carver famously argues you need between 12 and
In his book "Leveraged Trading," Carver specifically addresses the nuances of using leverage in futures. He argues that while leverage is a powerful tool, it must be used with extreme caution. His strategies focus on "safe" leverage levels that allow a trader to survive the inevitable drawdowns that come with systematic trend following. Implementation and Automation
: Includes specialized tools for forecasting risk , calculating trading costs, and assessing overall performance. Carver's book is considered a must-read for traders
Beyond the Basics: A Critical Analysis of Advanced Futures Trading Strategies in the Works of Robert Carver
: Specific guidance on the trading capital needed for different futures instruments. Diversification Tactics
For advanced futures traders, the "roll yield" or carry is a powerful alternative to momentum. This strategy involves buying futures contracts that are in backwardation (front-month cheaper than spot) and selling those in contango.
A cornerstone of Carver’s philosophy is that . If an asset becomes twice as volatile, your position size must be cut in half to keep your risk exposure constant.