Investment Strategy - Melissinos Trading

STRATEGY OVERVIEW

Align With Trends. Protect Capital.

Let Winners Run.

Eupatrid Global Trends is a systematic, rules-based trend-following program designed to capture major moves across global futures markets while exercising strict risk control. It has traded every investor account since our 2011 inception.

We seek to produce high absolute returns over time that’s uncorrelated with traditional investments.

STRATEGY

Trend-Following

PORTFOLIO UNIVERSE

Global Regulated Futures

OBJECTIVE

Absolute Returns

TRACK RECORD

15+ Years

PRINCIPLES THAT GUIDE OUR TRADING

No Predictions. No Fundamentals. Just Trends.

EGT is built on time-tested principles, not the latest edge. The core logic of maximizing opportunities, following trends, cutting losses quickly, letting winners run is the same today as it was on day one.

We believe it’s important to have a philosophy. Not tactics, but something deeper. Something that you are, not something you do. When you know who you are, calm follows. Tactics change. Your core doesn’t.

1. Predicting isn’t only unnecessary, it’s dangerous.

No one can predict the markets with any consistency, even professional investors. Markets simply do what they do. Patterns seldom repeat. Records are continuously broken. Historical correlations break down. Crazy is a constant. We do not predict what markets will do — how high or low they’ll go — but simply ride the trends. This protects us from missing out on major moves and leaving profits on the table.

2. Accept and embrace volatility. It provides profits.

We can only capitalize on large trends by being willing to give back profits. This may seem counterintuitive, but in order to realize each trend’s full potential, we must ride it to its end. This means sitting through significant reversals from time to time. This is by design — a feature, not a bug, of our approach.

3. Old-fashioned risk management.

We don’t shy away from risk. It’s what provides our profits, but we carefully monitor and control it. Every minute of every day we know what our risks are. From the business level to the portfolio, down to each individual position.

We trade only liquid futures and securities on regulated exchanges. This allows us to calculate our portfolio’s value and risk each day. We prefer trading instruments with enough liquidity that allow us the ability to exit immediately during unexpected events. For this reason, we stay away from opaque illiquid hard-to-value investments.

We risk only a small fraction of capital on each trade. This reduces the chances of any one position dominating our PnL. We spread our small bets across many different markets — equities, fixed income, currencies, commodities and crypto. Diversification, small bets and aligning with the trends handles the heavy lifting of our risk management approach.

Many people equate volatility with risk. We do not. Risk, to us, is the probability of loss of capital. That is, when we risk a small fraction of our capital on a trade, we stand to lose that capital if the price hits our stop-loss. That is risk. Giving back profits is not risk, it’s volatility. Volatility is fluctuating profits.

4. Be a Generalist.

We approach every market the same way. Each market has its own unique set of fundamentals, technicals and sentiment, but people and their mass psychology are the constant.

We trade over 100 markets — from Italian Bonds to Chicago Wheat to the Japanese Yen to Gold, etc. Opportunities can arise from anywhere, so we want to be there to profit. We don’t try to force profits from a particular asset-class that’s not moving well. Instead, we move capital to where there’s minimal friction.

5. Perfect Doesn't Exist.

Optimization has become a pervasive trend over the past decade. Stable markets breed complacency. The recent past reinforces new beliefs about the markets that can become very dangerous when you tailor your investing strategy to these beliefs.

Sustainability is what we’re after, not perfection.

EGT VS. BENCHMARKS

Performance Snapshot

EGT’s returns reflect a composite of all investor accounts since inception, net of fees and expenses.

FEB-2026 UPDATE [PDF] →

COMPLETE PERFORMANCE HISTORY [PDF] →

FEB 2026

+14.7%

YTD 2026

+32.8%

*view the full performance table on desktop

EGT VS. BENCHMARKS — TOTAL RETURNS, NET OF FEES

AS OF FEB-2026

STRATEGY

FEB

2026

1YR

3YR

5YR

INCEPTION

CORR. TO EGT

EGT

+14.7%

+32.8%

+13.3%

-9.3%

+13.3%

+58.6%

—

Managed Futures

+3.2%

+6.6%

+10.4%

+12.4%

+41.2%

+53.3%

0.66

Equities (S&P 500)

-0.8%

+0.7%

+17.0%

+80.7%

+94.1%

+624.6%

0.08

Bonds (US 10Y)

+1.8%

+1.3%

+2.5%

-1.0%

-15.3%

+15.5%

0.04

Past performance does not indicate future results. Total returns, not annualized. EGT net of all fees and expenses, a composite of all investor accounts since inception. Managed Futures: BTOP 50; Equities: S&P 500 TR; Bonds: US 10Y Note TR.

Additional Disclosures. Alternative investments, including those Melissinos Trading offers, are speculative, involve substantial risk and do not suit all investors. Before seeking our services, please thoroughly examine our disclosure document. EGT trades virtual currency derivatives, specifically CME Bitcoin and CME Ether which may experience significant price volatility and the initial margin for these products may be set as a percentage of the value of a particular contract. Margin requirements for long and short positions can increase if the price of the contract rises or falls. Some futures commission merchants, such as the ones Melissinos Trading uses to trade these products may pose restrictions on customer trading activity in these products, such as requiring additional margin, imposing position limits, prohibiting naked shorting or give-in transactions. The rules of certain designated contract markets impose trading halts that may restrict our ability to exit a position during a period of high volatility.

Past performance does not indicate future results. Alternative investments, including those Melissinos Trading offers, are speculative, involve substantial risk and do not suit all investors. Before seeking our services, please thoroughly examine our disclosure document.

DIVERSIFICATION & RETURNS

EGT's Role in Your Portfolio

We believe EGT is not just a crisis hedge, but a strong standalone investment built to last across market regimes. Within the context of a portfolio, it brings strong risk management and adaptive techniques that can produce profits in evolving market conditions and across regimes.

GENUINE DIVERSIFICATION

15+ years of near-zero correlation to stocks and bonds.

PROFITS DURING STRESS

Historically, EGT has produced strong returns during significant equity bear markets. Other “alternatives” such as PE and hedge funds typically do not offer this.

INFLATION PROTECTION

Through direct exposure to energy, metals and agricultural commodities, EGT can capture trends during inflationary periods when real assets trend strongly.

MELISSINOS TRADING

MELISSINOS TRADING

Align With Trends. Protect Capital.

Let Winners Run.

STRATEGY

PORTFOLIO UNIVERSE

OBJECTIVE

TRACK RECORD

No Predictions. No Fundamentals. Just Trends.

1. Predicting isn’t only unnecessary, it’s dangerous.

2. Accept and embrace volatility. It provides profits.

3. Old-fashioned risk management.

4. Be a Generalist.

5. Perfect Doesn't Exist.

Performance Snapshot

FEB 2026

YTD 2026

Past performance does not indicate future results. Total returns, not annualized. EGT net of all fees and expenses, a composite of all investor accounts since inception. Managed Futures: BTOP 50; Equities: S&P 500 TR; Bonds: US 10Y Note TR.

EGT's Role in Your Portfolio

GENUINE DIVERSIFICATION

PROFITS DURING STRESS

INFLATION PROTECTION

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