Toby Crabel

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Toby Crabel[1] is a United States commodities trader. In 2005, the Financial Times called Crabel "the most well-known trader on the counter-trend side".[2] He is the fund manager of "Crabel Capital Management,"[3] which has previously ranked highly on Absolute Return magazine's list of US groups with more than $1 billion Assets under management.[4] Crabel managed 3.2 billion dollars with growth of 16.7% in 2005. Crabel has a strong record of positive returns, having avoided a single losing year between 1991 and 2002.[5]

Crabel released his book, Day Trading with Short-term Price Patterns, in 1990.[2]


Crabel attended the University of Central Florida and majored in finance.[6]


In 1975, while attending college, Crabel began to trade the markets. He played professional tennis for three years. In the late 1980s, Crabel published a series of articles detailing various short-term price patterns for futures trading.[7] He worked as a trader for Victor Niederhoffer at his firm in New York, while also giving short-term market advice to floor traders. He left Niederhoffer Investments in 1992 to focus exclusively on managed futures trading.[citation needed] In January 1992, he started running his flagship Diversified Futures program. During 1998, he ran his hedge fund out of his house, located in a rural area northwest of Milwaukee.[1] Diversified Futures closed to new investments in 2001 and had positive returns from inception through 2006.[8]

He currently manages private client funds though Crabel Fund Ltd for non-US clients and through Crabel Fund LP for US clients. As of 2006, assets under management are $3.2B.[9] Crabel manages these funds with a staff of 31 researchers and 28 traders.[8]


Crabel, Toby (1990). Day Trading With Short Term Price Patterns and Opening Range Breakout. Traders Press. ISBN 0-934380-17-1. 

See also[edit]


  1. ^ a b Harmon, Amy (July 23, 1998). "Talk, Type, Read E-Mail". Technology. The New York Times. Retrieved 2012-03-07. 
  2. ^ a b "". Retrieved 2012-07-27. 
  3. ^ Franiak, Frank J. (August 2000). "Managed Futures: Poor Performance Overshadows Success Stories". Futures Industry Magazine. Futures Industry Association. Retrieved 2012-03-07. (registration required)
  4. ^ Cohen, Barry (September 2005). "Billion dollar club keeps growing" (PDF). Research. Absolute Return magazine. Archived from the original (PDF) on 2006-11-14. Retrieved 2006-11-19.  N.B. This ranking of the top 196 money managers in the country is over seven years out-of-date.
  5. ^ "Crabel capital". Retrieved 2012-07-27. 
  6. ^ "Network 2002". Speaker Bios. Managed Funds Association. February 3, 2002. Retrieved 2006-08-15. 
  7. ^ Hartle, Thom (April 2003). "Opening shots" (PDF). Trading Strategies. Active Trader Magazine. p. 23. Archived from the original (PDF) on 2006-10-16. Retrieved 2006-11-19. 
  8. ^ a b "Lock and Load". Features. MarHedge. 2006. 
  9. ^ "Crabel Website". About Founder. 2006. Retrieved 2006-08-15. 

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