J.D. Turner Capital, LLC
Diversified Trend Following Strategy
Principal(s): Joshua D. Turner
Strategy: Trend Following / Diversified
Statistical Reports are Subscription Based
Trading Description, Risk Strategy & Background
J.D. Turner Capital's Diversified Trend Following Strategy employs systematic trend-following with dynamic risk-managed exposure to a diverse range of commodities, interest rates, currencies, and stock indices within 17 traded markets.We utilize systematic option hedging tactics to mitigate adverse price movements, reducing short-term volatility and potential drawdowns while maintaining a directional bias to capture sustained market trends. Our approach prioritizes protecting unrealized gains during favorable market conditions and adapts to evolving market dynamics. The result is a strategy that has maintained negative correlation to both the S&P 500 and the Barclay CTA Index since inception, offering portfolio diversification benefit beyond traditional managed futures exposure. Capital is dynamically allocated based on account size, average volatility metrics, correlations, and potential directional risk. The trend models applied to each market are entirely technical, relying solely on price and price derivative data. Positions are held only for the lifespan of each futures contract, with no rolling. This keeps execution simple, reduces cost, and avoids curve-related distortions. This flexible and reactive strategy aims to deliver a balance between potential returns and risk control, making it robust across diverse market environments.
The 17 traded markets include but are not limited to: Australian Dollar Futures, British Pound Futures, Euro FX Futures, Corn, Soybeans, Wheat, Natural Gas, Crude Oil, Live Cattle, Feeder Cattle, Lean Hogs, Russell 2000 Index, S&P 500 Index, Gold, Silver, 2 Year U.S Treasury Note, 5 Year U.S Treasury Note
The original model (from Jan 2020 to Dec 2021) was based on pure trend following and has evolved to include new risk management models employed in January 2022 to reduce volatility and risk. The current model uses a systematic approach in risk management, deploying systematic option hedging tactics, in addition to lower margin-equity targets from 30% to 15%.
Joshua D. Turner, Principal at J.D. Turner Capital, brings over a decade of experience in quantitative trading and systematic risk management. His professional journey, starting in specialty chemical manufacturing, honed his precision and data-driven approach, which he now applies to global markets. At J.D. Turner Capital, he focuses on delivering risk-managed, non-correlated returns through adaptive strategies that span up to 17 diverse markets. Joshua’s disciplined methodology prioritizes long-term, risk-adjusted growth for investors.
Performance
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.16% | 0.10% | 4.08% | -1.34% | 1.96% | 1.88% | – | – | – | – | – | – | 4.47% | -2.16% |
| 2025 | -1.07% | -5.25% | 0.20% | -3.81% | -0.99% | -2.88% | 0.58% | -0.16% | -4.85% | -2.00% | -6.13% | 1.12% | -22.78% | -23.64% |
| 2024 | 3.45% | 0.06% | -2.21% | 5.59% | -1.78% | 0.10% | -1.91% | 2.32% | 4.19% | -5.52% | -0.79% | -0.54% | 2.45% | -6.77% |
| 2023 | 2.67% | -1.38% | 1.61% | -1.70% | 5.56% | -7.65% | 1.59% | -1.34% | -2.89% | 4.65% | -2.79% | -0.46% | -2.83% | -10.11% |
| 2022 | 0.85% | 0.54% | 4.03% | 0.23% | 2.73% | 7.24% | 1.12% | -3.26% | 1.42% | 2.41% | -1.68% | 1.85% | 18.51% | -3.26% |
| 2021 | 9.34% | 3.81% | -13.85% | -9.25% | -6.77% | -3.15% | 19.10% | 12.30% | 17.96% | -10.79% | 4.56% | 6.69% | 25.81% | -29.41% |
| 2020 | 19.40% | 44.00% | -23.21% | 21.20% | 4.60% | 0.29% | -18.46% | 8.02% | 1.21% | -0.70% | -29.17% | 9.07% | 14.80% | -38.78% |
ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.
Risk Disclosure
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.