Top Traders Unplugged

Bill Dreiss shares some of his thoughts on Risk Management and Leverage. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Bill Dreiss takes us under the hood of his system, and explains why it’s so unique. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Special guest, Harold de Boer of Transtrend, joins us on the show today to discuss why the recent returns disparity among CTAs might be good for the industry, the benefits of investing in more than one Trend Following fund, if the term ‘machine learning’ should be considered as a marketing ploy, what makes a strategy robust, why unsupervised ‘black box’ strategies may be riskier than more traditional strategies, how much the markets have changed over time, some thoughts on volatility targeting, and how CTAs can differentiate themselves in the eyes of investors. If you would like to leave us a voicemail to play on the show, you can do so here. Learn more about the Trend Barometer here. IT's TRUE - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry, & Moritz on Twitter: @TopTradersLive, @RJparkerjr09, and @MoritzSeibert. And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:18 - Macro recap from Niels 3:14 - Weekly review of returns 6:56 - Niels: What do you make of the huge returns dispersion of CTAs during the recent market crash? 14:14 - Niels: What causes managers to have similar results? 16:42 - Moritz: Is the adoption of Machine Learning & AI more than just a marketing ploy? 25:58 - Niels: How CTAs differentiate themselves from eachother, in the eyes of investors? 28:57 - Niel: Why are investors usually least invested in Trend Following strategies around the time when they need it most? 30:00 - Moritz: What is the Transtrend story? 33:14 - Moritz: How do you use synthetic markets? 35:08 - Niels; Why have you decided to lower the amount of markets you trade? 38:36 - Niels; How do you avoid taking on too much counter party risk? 45:49 - Moritz: How do you approach market correlations? 49:53 - Moritz: As a liquidity provider, what happens when orders aren’t filled? 52:55 - Moritz: Do you have any concerns, as a liquidity provider? 55:43 - Niels: Who do you think market regulators need to take a look at? 59:01 - Moritz: Would you like it if markets were only open for a short amount of time per day? 1:02:26 - Moritz: Do you believe that trading commodities hurt thier producers in any way? 1:12:06 - Niels: Have markets changed? 1:13:36 - Niels: How do CTAs avoid client redemptions during a crisis, purely because they’re the only liquids funds left? 1:16:25 - Niels: What do you think is important when it comes to robustness? 1:18:56 - Moritz: What’s your view on volatility targeting? 1:22:18 - Niels: What are your thoughts on the belief that Trend Following is overcrowded? 1:24:56 - Performance recap   Subscribe on:

We explain why Trend Following will continue to perform over time. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

How markets drive performance more so than skill, and why you need to trade longer-term. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Bill Dreiss talks about his interest in Elliot Wave analysis & the Fractal nature of markets, and how he successfully have used this approach since the 1970s. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

We go down memory lane and discuss our worst trades, and what we learned from them. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

We discuss when a Trend Follower would be neither Long nor Short. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Today, we discuss the benefits of focusing on highly liquid markets, why Trend Following strategies are usually less risky & volatile in any market environment,  how simple ideas can often be more robust than complex ideas, whether there’s a place for discretion in trading systems, why a manager’s true aims may not be what you were are expecting, and how emotional intelligence disappears during times of stress.  Questions we answer include: Should I have fewer positions, and risk more per trade? How do you deal with a market’s sudden loss of liquidity? How does open equity affect upcoming position sizes? If you would like to leave us a voicemail to play on the show, you can do so here. Learn more about the Trend Barometer here. IT's TRUE - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry, Moritz & Rob on Twitter: @TopTradersLive, @RJparkerjr09, and @MoritzSeibert And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:21 - Macro recap from Niels 5:57 - Weekly review of returns 8:09 - Top Tweets 41:53 - Francois: Question 1: How did you handle the huge drop in Oil? 45:18 - Mike: Questions 2/3: How do you handle futures capacity constraints?  A large trend will likely attract many Trend Followers, how does this affect your position sizing? 1:00:00 - James: Question 4: How do you deal with gap-downs in a market’s liquidity? 1:01:31 - Dave: Question 5: How does open trade equity affect future position sizing? 1:04:44 - Dante: Question 6: Should I use fewer positions & risk more per trade? 1:11:08 - Performance recap   Subscribe on:

Is increasing or reducing an existing position during a trade, something you should do? IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

What is the perfect allocation percentage to Trend Following, and other assets, in a diversified portfolio? IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

JP Morgan blames CTA strategies for causing large market selloffs. We give our view! IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

Can you really figure out the markets by using ‘Big Data’ and ‘AI’? IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

How you deal with clients during drawdowns and how you manage expectations can make or break your business. IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

This week, special guest Eric Crittenden joins us on the show to discuss: the importance of being able to trade short positions, how the best Trend Following strategies have proven their worth in this current environment, why Trend Following can be regarded as a Contrarian Strategy, whether or not ETFs are safe investments, when being 1st place can be as detrimental as coming last, why the most uncomfortable trades can turn out to be the most profitable, why you can’t time entries into a Trend Following fund, how too much AUM can hinder returns, and why there is so much returns dispersion among CTAs today. If you would like to leave us a voicemail to play on the show, you can do so here. Learn more about the Trend Barometer here. IT's TRUE - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to info@toptradersunplugged.com Follow Niels, Jerry, & Moritz on Twitter: @TopTradersLive, @RJparkerjr09, and @MoritzSeibert. And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Episode Summary 0:00 - Intro 1:50 - Macro recap from Niels 3:12 - Weekly review of returns 6:51 - Niels: How did you get to where you are today? 8:00 - Niels: What persuaded you to embrace Trend Following? 11:48 - Moritz: Do you believe Trend Following works because it’s difficult to do? 17:05 - Niels: What do you think it takes nowadays to be a successful investor? 21:38 - Niels: Do you think the speed of the current meltdown is surprising? 30:17 - Moritz: Is the Trend Following space overcrowded, and are its results decaying? 48:31 - Niels: What do you think of Trend Following on individual stocks? 52:42 - Niels: Are concerned about the stability of ETFs? 56:09 - Moritz: Do you have any concerns about the money passively allocated to ETFs? 58:30 - Moritz: Did you imply Trend Following on individual stocks isn’t worth it, after fees? 1:02:51 - Niels: Can you explain your ‘3 Narratives’, starting with ‘The Experiment’? 1:09:45 - Niels: Tell us about the next narrative, ‘The Crazy Gym’? 1:13:58  - Niels: What about the 3rd narrative, ‘Michelle & her 2 advisors’? 1:18:21  - Eric: Moritz, would you like to talk about recent trades in the energy sector? 1:29:50 - Performance recap 1:31:56 - Niels: Eric is there anything else you would like to bring up in closing?   Subscribe on: