Tracking CTAs since 1994
CTA Profiles
Tracking CTAs since 1994
Principal(s): Thomas Silman
Strategy: Systematic with Discretionary Overlay / Diversified
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The THS Diversified Trend Following program is a Trend-Following program that is primarily systematic, using a proprietary blend of technical indicators, with a discretionary overlay, that generates specific Buy, Sell or No Entry signals in a basket of domestic futures markets.
The Diversified Trend Following Program ($250,000) takes each of the 30 individual derivative markets that are traded. For example, in the energy sector the program could have on crude oil, heating oil, and unleaded gas. There are also multiple markets traded in the grain sector and in the metals sector. Note that during periods of extreme volatility, the system may temporarily reduce position exposure. From time to time the advisor may also utilize long options and option spreads. Once a trade is initiated, strict rules for risk management are implemented which includes, but are not limited to, trailing stop-losses on all positions. The average holding period is between 1 and 15 calendar days and the recommended account minimum is $250,000 with notional funding available. Position sizing is based on volatility and risk. The program has been shown to have a low correlation to traditional asset classes such as stocks and bonds. The Advisor maintains ongoing research into the characteristics of the markets traded.
Trades are initiated when the program's algorithm gives a trade signal. The chart is then examined to make sure that certain parameters have been met in order to make the trade. Stops are entered either before or immediately after entry into a market. Stops are adjusted as needed.
THS Capital Management, LLC has been registered with the CFTC and a member of the NFA since May 11, 2022. As of July 1, 2022 it has not managed any customer accounts.
Prior to July 2022, Thomas Silman operated and traded under his sole proprietorship THS Capital Management. As of July 2022 all accounts traded under Mr. Silman's sole proprietorship will now be traded under THS Capital Management, LLC.
Thomas Silman was born in Great Neck, New York, and attended Cornell University. He received a B.S. degree in Biological Sciences from Virginia Tech and did post-graduate work at Case Western Reserve University. Prior to entering the financial industry, Mr. Silman served in the U.S. Army as a Cryptographer where he held a Top Secret Cryptologic Clearance. His duties included analysis of code-breaking techniques, as well as encryption and decryption of very sensitive communications. In 1972, Mr. Silman began his financial career with Reynolds Securities (aka Dean Witter Reynolds) as a dually listed Stock and Commodity futures broker and has been actively trading ever since; initially in NY and later in CA. In 2004 he established THS Capital Management Corp as a Commodity Trading Advisor (CTA) and in 2008, Mr. Silman went private, whereby he traded mostly for himself and "Friends and Family" accounts. During this time he developed a trading methodology which he feels has significant merits for investors and in 2018 he began offering his services to the public.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR* | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.24% | 2.56% | -5.82% | 1.77% | 0.74% | -0.34% | -1.34% | -0.81% | 1.37% | -0.48% | -1.95% | 2.41% | -6.13% | -8.52% |
| 2023 | -5.19% | 2.35% | -0.93% | 0.47% | -0.94% | -1.31% | -4.64% | -2.81% | -0.25% | -3.80% | -0.07% | 7.17% | -9.95% | -16.08% |
| 2022 | -0.47% | -0.09% | 0.34% | -1.18% | -2.72% | 4.75% | -4.50% | 0.88% | -3.09% | 0.50% | 2.41% | -3.17% | -6.64% |
*The Annual ROR (Rate of Return) for Fixed Trade Level Accounts has been calculated by adding each monthly return.
| Years | 2022 | 2023 | 2024 YTD |
|---|---|---|---|
| ROR | -3.17% | -9.95% | -6.13% |
| Max DD | -6.64% | -16.08% | -8.52% |
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.
THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.
AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.
