You're listening to Top Traders Unplocked, episode number 010, where I continue my conversation with

Marty Bergen, president of Don Capital Management. This episode is sponsored by Saxo Bank and Swiss

Financial Services. Welcome back to Top Traders Unplugged, where the best traders in the world come to

share their experiences,

their successes, and their failures. Let's rejoin the conversation with your host,

veteran hedge fund manager, Niels Kastro Flaarson.

I mean, I think there's certainly a lot of things to be said about, you know, if you can identify the markets that are trending and getting a full position, so to speak, in those markets.

At the same time, not having a full position in the market and that are

stuck in ranges i mean i do think that that has a significant impact on on performance and that in

the sense is very much sort of the the holy grade of what uh what we're all trying to do yeah the only

thing is you got to be careful so So I agree with you, and I think the

key there is being able to reduce your positions in the non-trending or your allocation

or risk to the non-trending environment. What we do not do is we do not borrow risk from some markets and give it to other

markets. So each market is treated with an equal allocation of the risk pie, per se. Now,

there will be a lot of markets where we aren't using up the allocation.

Of course. But when we're not using it up, we aren't giving it to another market to allow it to

take on a whole lot more risk. No, no, absolutely. So, you know, I think that's, that's why we've

survived for 40 years.

You know, everybody looks at us and says, my gosh, you all trade.

It's such a high volatility.

I don't know if I can handle that.

But, you know, we've been doing it for 40 years and, yeah, we've had our drawdowns in our history, but we've never, we're still here.

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