SI36: Can you measure the quality of your strategy on your stress-level?

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 19 May 2019

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In today’s episode, we discuss whether or not Trend Following is more effective with Volatility Targeting, how cautious you should be of outlier events, how to use stress-levels as an indicator of how good your trading strategy is, and we give our thoughts on the concept of ‘Risk of Ruin’, in relation to the plight of Long-Term Capital management in the late 1990s. Questions this week include: Should you trade in a style that suits your personality? Can 10 years of financial data still be classified as ‘noise’? Should the fundamental causes of market movements affect how you trade? Should you reduce your position in a trade if it goes in your direction far quicker than expected? We also touch on Howard Mark’s comments regarding the skill of catching a ‘falling knife’.

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend...

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.
0:19.6	Jerry Parker, Mort Siebert and I, Niels K-Larsen, are back with this week's edition
0:24.1	of the Systematic Investor series, where we share our experiences, the ups and the downs
0:28.9	of what it's like to be a rules-based investor, and of course, where we also attempt to
0:34.1	answer all of your questions.
0:36.5	So, good morning, Jerry. Good afternoon. Moritz. How are you guys
0:39.6	doing today? Great. Hi, Jerry. Hi, Neil's. Hello. Good to have you back, Moritz, after last week.
0:46.5	But before I dive into anything, I want to just, as we do from time to time, I just want to acknowledge
0:52.7	all the people that say very kind words
0:56.1	about us and the podcast in their social media and other ways by emails. In particular,
1:04.6	this week there was a very nice tweet from cantering Clark and that got a lot of traction.
1:11.7	And just so you all know that we really do appreciate and read your comments and we really
1:18.2	appreciate the support.
1:20.6	The other little housekeeping thing I wanted to start out with today is just to say we
1:24.5	mentioned last week that we're contemplating doing a live event
1:28.2	from the three of us in the fall, most likely in New York, I think we'll see.
1:37.0	And we've had very positive response. There are still a handful of spots left.
1:43.8	So if any of you want to spend a couple of days with
1:47.5	the three of us to go into detail about your specific situations whether it be
1:52.9	trading systems design whether it be building businesses or whether it be
	...

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