SI26: Is it more profitable to invest longer-term? and Druckenmiller on being greedy
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 670 Ratings
🗓️ 10 March 2019
⏱️ 83 minutes
🧾️ Download transcript
Summary
Is it more profitable to be longer-term? When is Trend Following the wrong strategy to use? Should you ‘ease’ into a trade, or go all in, and how should you adjust position size? Other talking points include where to trade Single Stock Futures, how to include Options into a Trend Following strategy, as well as recent quotes from Stanley Druckenmiller about being greedy in the markets, and the quotes from Howard Marks on the psychology of the markets.
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Episode TimeStamps:
00:00 – Intro
01:35 – Weekly review of performance
06:15 – Top tweets
29:35 – Question 1: Antonio; How do you determine if your Trend Following model is broken?
45:00 – Question 2: Seth; How does Jerry diversify his single stock portfolio?
47:20 – Question 3: Dave; Could you discuss specific details of your systems?
48:15 – Question 4/5/6: Carlos; How does Jerry trade single stock futures given liquidity? What is your opinion on using alternative data for position sizing/signal generation? What is your opinion on adjusting position sizes using momentum/pyramiding/etc.?
58:20 – Question 7: Walter; What exchange does Jerry use to trade single stock futures/where is the liquidity?
01:03:30 – Question 8: Brian; Do you use options strategies? If so would you discuss your strategies?
01:09:50 – Question 9: Glen; Please discuss your execution process once a system provides a signal.
01:15:00 – Question 10/11: Keith; If establishing a new system, do you put on all positions as of a specific date or sit in cash...
Transcript
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| 0:00.0 | You're about to join Jerry Parker, Maritz Siebert, and Nealz Kastrup Larson on their raw and honest |
| 0:07.2 | journey into the world of systematic investing and learn about the most dependable and consistent |
| 0:12.3 | yet often overlooked investment strategy. Welcome to the Systematic Investor podcast series. |
| 0:19.5 | Jerry Parker, Moritz Siebert, and I, Niels Niels Kasablasen, are back with this week's edition |
| 0:23.9 | of the Systematic Investor Series, which is our weekly ongoing and quite raw exploration |
| 0:29.5 | of the world of rule-based investing and where we also do our best to answer your questions. |
| 0:36.9 | As usual, let me start by saying good morning to you, Jerry, and good afternoon to Moritz. |
| 0:42.3 | Hello, good morning and good afternoon. |
| 0:44.3 | Yes, good morning. |
| 0:45.3 | Now, I think, you know, we see that the bonds played a key role again this week when it comes to perhaps influence on performance. |
| 0:55.5 | We'll see that when we do our review. |
| 0:58.1 | But from a pure percentage move point of view within the markets that I track at least, |
| 1:03.8 | the VIX was the big winner this week with a 12% up move. |
| 1:08.0 | A sign, of course, that we are seeing some increased uncertainty in the world, |
| 1:12.9 | heading into the week of another Brexit vote, of course. But commodities like Leanhawks, |
| 1:18.5 | gasoline also had decent up moves. And on the downside, I noticed platinum wheat and the |
| 1:24.9 | Russell 2000 took the sort of the bottom three spots so with that in mind |
| 1:31.1 | why don't we jump straight into it as usual and see how the week panned out more it's I |
| 1:37.4 | know you were both managing your portfolio but you're also enjoying a little bit of |
| 1:42.2 | skiing so how did that combination go for you |
| 1:46.6 | yeah i had a great week on many fronts uh so been been out a week skiing refreshed my mind enjoyed that |
| 1:54.3 | that was great and um especially the combination with a very strong positive week in my portfolio |
... |
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