SI45: Ray Dailo's paradigm shift and Gold as a safe-haven
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 712 Ratings
🗓️ 21 July 2019
⏱️ 78 minutes
🧾️ Download transcript
Summary
In this week’s episode, we discuss Ray Dalio’s recent article on Paradigm Shifts and his comments on the safety of Gold. We also touch on the perils of having too many filters that keep you from entering a trade, why you should avoid ‘sure thing’ trade recommendations from others, the importance of having a plan before entering a trade, the benefits of incorporating what you’ve learnt from others about Trading into your own strategies, and the reasons for buying at the 52-week high as opposed to the 52-week low. Questions this week include: is it better to have multiple exit strategies on a trade or just one single criteria? Should long positions have the same Trading rules as short positions? Is there such a thing as having a ‘healthy fear’ in the markets?
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Episode TimeStamps:
00:00 – Intro
02:30 – Macro recap from Niels
03:30 – Weekly review of performance
06:30 – Discussion of Ray Dalio article
10:00 – Jerry’s highlights for the week
12:15 – Discussion of paper on TF speeds
27:00 – Top tweets
58:30 – Questions 1/2: Harsh; Can you have different exits for longs and shorts? Can stop distance adjust dynamically based on profit?
01:06:00 – Question 3: Sebastian; Can you trade without pain/fear if you deeply believe in your approach?
01:14:15 – Benchmark performance update
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're about to join Jerry Parker, Moritz Seberg, and Nealz Kostrup Larson on their raw and honest |
| 0:07.1 | journey into the world of systematic investing and learn about the most dependable and consistent |
| 0:12.1 | yet often overlooked investment strategy. Welcome to the Systematic Investor podcast series. |
| 0:19.4 | Welcome to this week's edition of the Systematic Investor Series with Jerry Parker, |
| 0:23.8 | Mort Siebert and I, Nils Kastrolassen, where we do our best to bring you into the world of |
| 0:29.1 | rules-based investing by sharing our observations and hard knocks from the last few decades, |
| 0:35.9 | hoping that you can avoid making some of the mistakes that we did. |
| 0:40.7 | Now, usually I would say good morning to Jerry and good afternoon to Moritz, |
| 0:44.1 | but actually right now it's just you and me, Moritz, |
| 0:47.1 | because Jerry is having a few technical problems on his side, |
| 0:50.6 | but he may just join in a little bit later. |
| 0:54.2 | So I can start by saying, how are you doing? |
| 0:56.7 | I'm doing great, Neels. Good afternoon, Neels. |
| 0:58.6 | I hope Jerry will be able to join us shortly. |
| 1:01.9 | Absolutely. |
| 1:03.0 | Let me start by following up a little bit from last week |
| 1:07.0 | by acknowledging all of you who did take time out to leave us a rating and review |
| 1:12.4 | during the week. |
| 1:14.3 | We love reading your feedback and it helps us stay on course to provide as much value as |
| 1:20.4 | possible. |
| 1:21.1 | And specifically, I want to give a big thanks to Derek W and LL at L2, which are the usernames I noticed, who both jumped into the |
| 1:32.4 | US iTunes store to leave some really nice comments and ratings, but also to everyone else |
... |
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