COPYRIGHT © 2024 MELISSINOS TRADING LLC
We focus on delivering aggressive absolute returns utilizing a systematic trend-following approach. Eupatrid Global Trends (“EGT”), our flagship trading program, preserves capital and capitalizes on large persistent trends across all asset-classes.
Since inception, our returns have displayed very low correlation to other asset-classes such as stocks, bonds, real-estate and even other alternative investments. This makes us, not only an attractive standalone investment, but also a helpful diversifier within a more broad portfolio.
Trend-Following
EGT attempts to identify significant inflection points where momentum will increase and continue over the long run. As a result, we buy strength and sell weakness. We generate the majority of our profits from a very few but very large trends.
Portfolio Universe
Currently, the portfolio universe includes over 150 markets from stocks, bonds, currencies, commodities and crypto. EGT targets very long-term price trends, typically holding positions for over a year.
Risk Management
EGT uses proprietary risk control techniques that are designed to limit losses and let profits run. In general, it takes more risk in markets favoring trends and less in those that do not. It monitors market conditions (trend strength, correlation, volatility & sentiment) and adjusts exposure accordingly. We make lots of small bets, limiting the risk to roughly 0.5% of capital per trade. Risk limits are imposed as stop-loss protection on individual positions, sectors and the portfolio overall.
Robustness
We do not optimize our trading techniques for any exact market environment. We only utilize generally accepted successful trading principles such as going with the trend, riding winners, cutting losers and managing risk. This, we believe, enhances the odds of long-term success but at the expense of near-term volatility. A good trade as far as we’re concerned.
Aggressive Returns
EGT seeks to make above-average long-term returns. It does not adhere to a benchmark, but takes an absolute-return approach. Keep in mind that the near-term volatility can be significant at times. As such, an investment in EGT is not appropriate for everyone.
Q1-2024 Q2-2024 Q3-2024 Q4-2024
The core philosophy and foundation of our approach has not changed, nor will we. The details have changed as our AUM and experience have grown, however. Namely, the number of markets we track, the time-frame we focus on (much longer term now vs. our early years) as well as other risk management rules. We believe the current iteration of our approach is much stronger and reliable than our early years.
All investments experience extremely rough performance periods. Think 2020, 2000-03, 2007-09, 1987-89, 1915-20, 1929-54, 1965-85. The Nikkei since 1989. Bonds since 2020 or from 1965-82. Relying on one highly correlated investment to provide all of your investing performance is risky. EGT can help provide similar returns but with more balance and less dependency by being able to exploit opportunities in all markets, both up and down.
We take risk very seriously. We are strict with our principal, but liberal with our profits. Because we allow room for our profits to run, the volatility can sometimes become extreme. This is expected and by design. In regards to protecting our principal, we run and hide at the first sign of danger. We do not hold onto losing positions, especially not add to them like many fundamental investors do. This keeps us away from the risk of ruin.
Favorable conditions are when trends are strong either up or down, when correlation is low across asset classes, when there are smooth transitions from bull to bear markets (vice versa) and when the fundamentals and trend do NOT agree. Unfavorable conditions are when prices are chopping in a sideways whipsaw-like manners, during risk on/off markets, a lack of outliers and V-bottoms/tops.
DISCLOSURES
Past Performance Is Not Necessarily Indicative of Future Results.
* Performance through March-2024. Net of all fees and expenses (performance does not reflect the performance of any one account, but rather a combination of the historical performance of multiple accounts and portfolios). ^ Stocks = S&P 500 Index (Yahoo), Bonds = U.S. 10-Year Note Futures (CSI Data). Alternative investments, including those offered by Melissinos Trading, are speculative, involve substantial risk, and are not suitable for all investors. Before seeking our services, please thoroughly examine our investment documents.
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Summary Risk Disclosure Statement
THE RISK OF LOSS IN TRADING COMMODITIES CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN COMMODITY TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN QUICKLY LEAD TO LARGE LOSSES AS WELL AS LARGE GAINS. IN SOME CASES, MANAGED COMMODITY ACCOUNTS ARE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT AND ADVISORY FEES. IT MAY BE NECESSARY FOR THOSE ACCOUNTS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE DISCLOSURE DOCUMENT CONTAINS A COMPLETE DESCRIPTION OF THE PRINCIPAL RISK FACTORS AND EACH FEE TO BE CHARGED TO YOUR ACCOUNT BY Melissinos Trading (A COMMODITY TRADING ADVISOR, OR “CTA”).
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By selecting the “I ACCEPT AND ACKNOWLEDGE” button below or by otherwise accessing this site, the investor or representative of an entity investor acknowledges that he or she has read these Terms and the Disclosure Document. The regulations of the CFTC require that prospective clients of a CTA receive a Disclosure Document when they are solicited to enter into an agreement whereby the CTA will direct or guide the client’s commodity interest trading and that certain risk factors be highlighted. This document is readily accessible at this site. You should proceed directly to the Disclosure Document and study it carefully to determine whether such trading is appropriate for you in light of your financial condition. You are encouraged to access the Disclosure Document by clicking below. You may also request delivery of a hard copy of the Disclosure Document, which will be provided to you at no cost. The CFTC has not passed upon the merits of participating in any Melissinos Trading program nor on the adequacy or accuracy of the Disclosure Document or this web site. We reserve the right to amend these Terms at any time. These Terms were last modified on May 31st, 2018.
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