Jargon
Henry Ford: “If I’dasked my customerswhat they wanted,they would have saida faster horse.”1
To avoid confusion throughout Trend Commandments, a few of Wall Street’s favorite catch phrases need to be defined. I am defining these because Wall Street suits use them to sell. Do not let the jargon engulf you.
CTA: CTA stands for commodity trading advisor. It is a government term used to classify regulated fund managers who primarily trade futures markets. Almost all successful CTAs trade as trend following traders. CTAs are the other quants the media never seems to cover accurately.
Managed Futures: This is a term that describes regulated fund managers who use futures to trade for clients. It is an awful term because it fixates on the instrument ...
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