TTU53: Trend Following vs. Trend Capturing ft. Tim Pickering of Auspice Capital Advisors – 1of2
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 715 Ratings
🗓️ 22 December 2014
⏱️ 66 minutes
🧾️ Download transcript
Summary
What is the difference between simply following a trend and capturing it? Why is growth not consistent and gradual and why do we want it to be?
Learn answers to these questions and more in this week’s episodes. Niels chats with the founder of a seasoned trend-follower in Canada, who knew he wanted to go into the financial markets since his university days. His story of working for large investment banks to starting his own firm will inspire current managers and hopeful managers alike.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In This Episode, You’ll Learn:
- Why Tim tries to get away from being labelled as one thing or another.
- About growing up on a farm in Canada.
- How he knew he wanted to be a trader.
- How his experience in the energy markets affected the way he ran his business when he started it.
- Why discipline is so important for the kind of manager that Tim is.
- Why he has stuck with the theme of trading commodities.
- What Tim does when he is not running Auspice.
- The difference between following a trend and capturing a trend.
- How growth is not slow and steady.
- An overview of the products that Auspice runs.
- Why they launched a beta product after launching their flagship product.
- The history of how Tim grew Auspice with his business partner.
- How he chose to structure his business.
- How a small team can deliver the same value as a larger manager.
- What people should notice when looking at the track record of Auspice.
- What the Diversified Program does.
- How many markets he actually trades.
- Why position resizing is important.
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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 following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We hope to grow like everybody else. |
| 0:05.0 | Probably every business at any size has that goal. |
| 0:09.0 | But this mindset that you need 100 PhDs to compete against another firm, I think, is just an excuse. |
| 0:20.0 | I choose to not, you know, just ignore it. |
| 0:23.0 | I can't fight it. |
| 0:24.1 | It is what it is. |
| 0:25.1 | So, you know, I just move along. |
| 0:26.7 | If that's the difference between somebody investing with us and not, |
| 0:30.7 | you know, then, you know, we don't need to waste each other's time. |
| 0:36.5 | Trading for a living is not for everyone. |
| 0:39.4 | In fact, starting your own business can be a very lonely venture. |
| 0:43.9 | And when investors look at a manager, perhaps this is one of the questions they need to ask. |
| 0:50.1 | Are you happy doing what you do? |
| 0:52.8 | Having a clear purpose with your trading and your business and knowing why you do what you do? |
| 0:58.7 | Well, that's what we're talking about in today's episode of TopTraders Unplogged. |
| 1:04.8 | Imagine spending an hour with the world's greatest traders. |
| 1:08.6 | Imagine learning from their experiences their successes |
| 1:11.5 | their failures imagine no more welcome to top traders unplugged the place where |
| 1:17.7 | you can learn from the best hedge fund managers in the world so you can take |
| 1:21.4 | your manager due diligence or investment career to the next level here's your |
| 1:26.0 | host veteran hedge fund manager Niels Kastrop Larson. |
| 1:38.1 | Welcome to Top Traders on Pluck, where my goal is to give you the clarity, confidence, and |
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