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Receive a GT
Capital CTA
Performance
Report by Email:
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PLEASE NOTE: ALTAVRA does
NOT charge a load, upfront
or initial fee on any account.
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Trading Methodology
and Risk Management:
Introduction
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GT Capital CTA seeks capital
appreciation of clients’
accounts through speculative
trading in commodity futures
and options on commodity
futures. There is
no representation being
made that the trading programs
offered will be successful
in achieving this goal.
GT Capital CTA offers two
trading programs: the GT
Dynamic Trading Program
and the GT Dynamic Day Trading
Program.
GT Capital CTA recommends
that Clients open accounts
with a minimum of $150,000
for the GT Dynamic Trading
Program and with a minimum
of $75,000 for the GT Dynamic
Day Trading Program in order
to ensure that Clients will
have sufficient equity in
their accounts to fully
participate in the program.
However, GT Capital CTA
reserves the right to waive
these minimum funding requirements
and will accept notionally
funded accounts.
The trading programs utilized
by GT Capital are proprietary
and confidential.
The descriptions below are
therefore general by necessity
and are not intended to
be exhaustive.
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Trading Methodology
and Risk Management:
Types of Transactions
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GT Capital CTA's objective
for the GT Dynamic Trading
Program and the GT Dynamic
Day Trading Program is to
achieve appreciation of
Clients’ assets through
speculative trading in futures
contracts and options on
futures contracts. There
is no representation being
made that the trading programs
offered will be successful
in achieving this goal.
For the GT Dynamic Trading
Program, GT Capital CTA
intends to focus on trading
the E-Mini S&P 500 futures
contracts and options contracts.
For the GT Dynamic Day Trading
Program, GT Capital CTA
intends to focus on trading
the E-Mini S&P futures,
but not options, contracts.
However, for both programs
the Advisor reserves the
right to trade any liquid
futures or options contracts
which, in its sole discretion,
the Advisor determines represents
an attractive trading opportunity.
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Trading Methodology
and Risk Management:
General Description
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Money managers generally
rely on either fundamental
or technical analysis, or
a combination thereof, in
making trading decisions
and attempting to identify
price trends in a commodity
interest. "Fundamental analysis"
is the consideration of
factors external to the
market of a particular instrument.
For example, weather and
political events which affect
the supply and demand of
that particular instrument,
in order to predict future
prices of that instrument.
As an example, some of the
fundamental factors that
affect the supply of commodities
(e.g., agricultural products
such as corn and soybeans)
include the acreage planted,
weather during the growing
season, harvesting and distribution
of the commodity and the
previous year's crop carryover.
The demand for such commodities
is determined in part by
domestic consumption and
exports and is a product
of many factors, including
general world economic conditions,
exports and the cost of
competing products which
might be substituted as
alternate sources of food
or fiber.
Technical analysis is not
based on the anticipated
supply and demand of the
"cash" or "physical" (i.e.,
actual) commodity; instead,
technical analysis is based
on the theory that a study
of the markets themselves
(in particular, of trends
of prices established by
the markets for various
instruments during selected
historical periods) provides
a means of anticipating
prices. Technical analysis
of the markets often includes
a study of the actual daily,
weekly and monthly price
fluctuations, as well as
volume variations and changes
in open interest, utilizing
charts and/or computers
for analysis of these items
and other technical market
data.
Both general methodologies
have been employed with
success by traders and investors
in the past, however, neither
trading method can be assured
of success in a particular
interval of time.
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GT Dynamic Trading
Program
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The GT Dynamic Trading Program
employs a proprietary trading
technique developed by GT
Capital’s Principal in which
fundamental factors, such
as market psychology, and
technical indicators are
combined in an attempt to
forecast market direction.
GT Capital CTA to enter
markets which appear to
be overbought or oversold
and exploit these conditions
by taking the appropriate
side in the market.
In determining which direction
of the market to trade,
the Advisor uses technical
indicators such as Elliot
Wave counts, Fibonacci retracements,
moving averages, and stochastics
to determine appropriate
entry and exit levels.
For instance, if a market
appears to be in a bearish
trend, the Advisor waits
until all of the program’s
indicators show the market
as being oversold and that
a trend reversal is likely
to occur before placing
an order to go long in the
market.
In assessing the number
of contracts to trade, the
Advisor examines the volatility
and volume of the market
in order to avoid having
to liquidate a position
prematurely due to temporary
price reversals.
In a trending market, the
program is also designed
to take partial profits
by exiting portions of positions
at pre-determined retracement
levels, while leaving the
remainder of the position
open to take advantage of
a continuation in the trend.
GT Capital CTA may also
trade accounts using options
strategies, including purchasing
options to initiate positions
or manage risk on open futures
positions, selling uncovered
or “naked” options for the
purpose of generating additional
income and using both credit
and debit spread strategies.
For the GT Dynamic Trading
Program, the Advisor will
generally attempt to limit
risk between three percent
(3%) and ten percent (10%)
of an account’s equity per
trade. However there
is no guarantee that losses
on any given trade will
be limited to these amounts.
Stop loss points are determined
at the time a trade is initiated.
Please note that stop loss
orders become market orders
when activated and therefore,
there is no guarantee that
such orders will be filled
at the stop loss points.
Further, stop loss orders
may not necessarily limit
losses to the determined
amounts in the event that
market conditions make it
impossible to execute such
orders. Options may
also be used in an attempt
to protect existing futures
positions. Please
note that while GT Capital
CTA adheres to certain risk
management techniques, there
can be no guarantee that
these techniques will be
successful.
While GT Capital CTA makes
every effort to adhere to
the trading program, GT
Capital CTA reserves the
right to take appropriate
actions outside the systems
if warranted by exceptional
or unusual market conditions
or if the world situation
results in unusually high
amounts of risk.
The GT Dynamic Trading Program
typically results in between
twenty percent (20%) and
fifty percent (50%) of the
total assets of the Clients’
accounts being used to margin
positions. However,
this percentage may be substantially
more or less at the discretion
of GT Capital CTA.
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GT Dynamic Day-Trading
Program
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The GT Dynamic Day Trading
Program trades according
to the same principles as
the GT Dynamic Trading Program
described above, but on
a shorter time frame and
using only futures and not
options. The market
data is analyzed on an intraday
basis, and positions are
rarely (if ever) held overnight.
As such, the program involves
“day-trading,” which involves
initiating and exiting a
position on the same trading
day.
For this program, GT Capital
CTA intends to trade predominantly
the e-mini S&P 500 contract.
However, the Advisor reserves
the right to trade any liquid
commodity in its sole discretion.
GT Capital CTA generally
attempts to limit its daily
risk to between one percent
(1%) and four percent (4%)
of an account’s equity per
day. However there
is no guarantee that losses
will be limited to these
amounts.
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Management Information:
Guerman Teitelbaoum
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Guerman Teitelbaoum is the
sole principal and President
of GT Capital CTA.
He is responsible for all
aspects of the firm’s operation,
including market research,
trading, operation and management.
He holds a
degree in Industrial
Economics &
Electronics from
the Russian
Aerospace University.
From July 1998 through September
1999, Mr. Teitelbaoum was
the chief executive officer
of the International Entrepreneurial
Institute, a business consulting
and management firm, where
he was involved in the development
of industrial and aviation
projects, storage facilities
and marketing. In
October 1999, he became
the Chief Financial Officer,
Secretary and Director of
PowerSource Corporation,
a company active in the
deregulation of electricity
in California and providing
consumers more options in
choosing electricity providers.
After leaving PowerSource
Corporation in April 2001,
Mr. Teitelbaoum joined Dighton
Group, an investment management
company, in May 2001 where
he remains employed as a
risk manager, trading system
developer and back office
manager. On
August 14, 2008, he became
registered as an Associated
Person (“AP”) and was approved
as Principal of Dighton
Capital USA, a registered
CTA and Commodity Pool Operator.
On July 6, 2009, he withdrew
his AP registration and
Principal listing with Dighton
Capital USA, and was approved
as a Principal of Dighton
Capital CTA Limited, a registered
CTA, on July 8, 2009.
Mr. Teitelbaoum became registered
as an AP of GT Capital on
May 12, 2009. He was
approved as a Principal
of GT Capital on May 8,
2009.
The descriptions above are
from the manager’s disclosure
document.
THE RISK OF LOSS IN TRADING
FUTURES, OPTIONS AND OFF-EXCHANGE
FOREX CAN BE SUBSTANTIAL.
PAST RESULTS ARE NOT NECESSARILY
INDICATIVE OF FUTURE RESULTS.
PLEASE READ THE CTA'S RISK
DISCLOSURE DOCUMENT CAREFULLY
BEFORE INVESTING MONEY.
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Didn't
find what you were
looking for?
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ALTAVRA offers many
programs in addition
to those listed
on this website.
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Contact us at 1-800-998-7870
or
clientservices@altavra.com.
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