Summary: <br> This week, we discuss the potential risks of aiming for smooth & steady returns, the pitfalls of having to make predictions, the higher-than-expected appearances of tail events, why it’s dangerous to look at the ‘average performance’ of an industry, and why aiming to trade in a style that suits your personality can actually turn out to be a bad idea. Questions we cover this week include: Have you encountered any CTAs with unusually low-frequency trading strategies? Should the optimization of your strategy come from an ideas-based approach or a data-based approach? How do you feel about the integration of Value Investing into a Trend Following strategy? What does discipline mean to you, and how do you stay disciplined?<br> If any listeners would like to leave us a voicemail message to play on the show, you can do so <a href="https://www.speakpipe.com/ttuvoicemail">here</a>.<br> Register your interest for our upcoming live event in New York <a href="http://www.toptradersunplugged.com/live">here</a>.<br> You can download your free guide to Systematic Investing, and subscribe to our mailing list by visiting <a href="http://www.toptradersunplugged.com/">TopTradersUnplugged.com</a><br> Get a free copy of my latest book "The Many Flavors of Trend Following" <a href="http://www.toptradersunplugged.com/book">here</a> (only 1 space left).<br> Send your questions to <a href="mailto:info@toptradersunplugged.com">info@toptradersunplugged.com</a><br> Follow Niels, Jerry & Moritz on Twitter:<br> <a href="https://twitter.com/TopTradersLive">@TopTradersLive,</a> <a href="https://twitter.com/rjparkerjr09">@RJparkerjr09</a> and <a href="https://twitter.com/moritzseibert">@MoritzSeibert</a><br> And please share this episode with a like-minded friend and leave an honest rating & review on <a href="https://itunes.apple.com/us/podcast/top-traders-unplugged-niels/id888420325?mt=2">iTunes</a> so more people can discover the podcast.<br> <br> Episode Summary<br> 0:00 Intro<br> 1:05 Request for podcast reviews<br> 1:30 Macro recap from Niels<br> 4:00 Weekly review of returns<br> 11:10 Top tweets<br> 43:25 Live event update 10/26/19-10/27/19; Special Guest: Denise Shull<br> 44:20 Question 1: Chris; What should an individual pay in fees (data, commissions, etc.)?<br> 47:45 Question 2: Chris; Do you follow front month or highest open interest contracts/continuous contracts or the month you are trading?<br> 54:30 Question 3: Jacob; Have you encountered extremely low frequency CTAs?<br> 1:00:20 Question 4: Jacob; What is your opinion on optimizing using ideas (vs data) first?<br> 1:03:50 Question 5: Jacob; How do you feel about TF meets value investing?<br> 1:08:30 Question 6: Adrian; What does discipline mean to you and how do you stay disciplined?<br> 1:15:00 Performance recap<br> Subscribe on:<br> <a href="https://www.toptradersunplugged.com/itunes" target="_blank" rel="noopener noreferrer"></a> <a href="https://www.stitcher.com/podcast/top-traders-unplugged" target="_blank" rel="noopener noreferrer"></a> <a href="https://soundcloud.com/toptradersunplugged-com/" target="_blank" rel="noopener noreferrer"></a><br>
