Top Traders Unplugged

Today we are joined by Jerry Parker to discuss how shorter-term systems can be more susceptible to market noise, the importance of sticking with your system during different market environments, how major investment firms have consistently performed well by keeping Trend Following in their portfolios, some insights into Jerry’s approach to backtesting, the drawbacks of being labelled as a CTA, Jerry’s bold prediction that Trend Following firms will be the most popular type of investment fund in the future, how trading smaller during bad periods can set you up for success during favourable conditions, ensuring protection against cyber attacks, and why past correlations can’t always be relied upon.

Also check out my interview with Turtle Trading legendary mentor Richard Dennis here.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• The case for longer-term strategies
• Not over-optimising strategies to adapt to every market condition
• How adding Trend Following to a portfolio increases its robustness
• Why Trend Following firms will be the number one choice among investors in the future
• How to prevent cyber attacks
• Why you can't always rely on past correlations to continue

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Jerry on Twitter.

Episode TimeStamps:

00:00 - Intro

01:32 - A big thank you to our listeners for leaving 5-star reviews in iTunes

02:26 - Macro recap from Niels

04:43 - Weekly review of returns

15:55 - An insight into Jerry Parker’s approach to backtesting

23:06 - Jerry Parker’s thoughts on the challenges of starting a CTA business today and how to overcome them

32:35 - Thoughts on effective succession planning for CTAs, as well as some thoughts on staying safe from cyber attacks

37:41 - Q1; Sebastien: How do you approach currency hedging?

41:17 - How one simple rule can be more powerful than a group of complex rules

44:48 - How shorter-term systems can be susceptible to noise

47:54 - Why past correlations can’t always be relied upon

49:32 - Discussion on a recent TransTrend article on how to respond to extreme volatility in the markets, such as during the COVID-19 pandemic

56:34 - Jerry’s thoughts on system diversification

01:01:59 - Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Moritz Seibert joins us today to discuss the benefits of ‘system diversification’, the case for buying at all-time highs, how classical Trend Following is performing this year, the optimal amount of sample size for an effective backtest, the best ways to monitor risk levels, some tips for starting a new Trend Following business, some recommended backtesting software for retail traders, and how to navigate around your broker’s negative interest rates.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• Why diversifying among systems can be beneficial
• Why buying at all-time highs can be difficult, but very profitable
• Classical Trend Following's recent performance versus newer methods
• Some good measures for monitoring risk
• Some tips for starting a new business based around Trend Following investing
• Suitable backtesting software for retail investors
• How to approach negative interest rates with your broker

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Moritz on Twitter.

Episode TimeStamps:

00:00 - Intro

01:05 - A big thank you to our listeners who gave us a 5-star review on iTunes & Apple Podcasts

03:21 - Macro recap from Niels

05:38 - Weekly review of returns

18:36 - What Moritz looks for when analysing his backtests

26:42 - Q1 & Q2: Derek: What are the most important risk metrics you monitor? If you had to start your Trend Following business from scratch, what would you do differently and what would you keep the same?

41:32 - Q3; Joe: Should I prioritise stocks that are working their way out of a correction over stocks making new all time highs?

45:16 - Q4; James: Can you recommend a software with backtesting capabilities, suitable for retail investors? 

47:10 - Q5; Sebastien: How do you deal with negative interest rates from your broker?

51:14 - Q6; Mikhail: Is it worth varying the lengths of time being backtested rather than just, for example, backtesting data over the last 50 years?

57:39 - Thoughts on Germany’s upcoming election and its possible effects on the markets

01:02:08 - Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

This week, Richard Brennan joins us to discuss whether there are any similarities between Trend Following and other investment approaches, the benefits of ‘forward-testing’ a system, the art of ‘hunting outliers’, what the optimum level of leverage could be, how much total portfolio ‘risk-to-stop’ to aim for, some thoughts on margin requirements, and which other strategy complements Trend Following the best. We also took a deep dive into backtesting, touching on topics such as: how much we can safely derive from a backtest, why a backtest with a smooth equity curve should raise alarm bells, a good checklist to use when creating a backtest, and whether some level of curve-fitting may actually be required for a good backtest.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• Which strategies would complement portfolio with 80% already allocated to Trend Following
• Why 'forward-testing' a system can be quite important before going live
• The art of finding and latching onto outlier performers
• Leverage, margin, & total portfolio risk-to-stop
• What information to look for in a backtest
• How to avoid 'curve-fitting' (and could some curve-fitting be beneficial?)

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Rich on Twitter.

Episode TimeStamps:

00:00 – Intro

03:25 – A massive thank you to listeners of the show for leaving your 5-star reviews on iTunes

03:47 – Macro recap from Niels

05:57 – Weekly review of performance

10:59 – Trend Followers as hunters of outliers

13:34  – Q1; Louis: Do you recommend starting a new model with lower leverage, so that it has time to adjust to the markets?

20:02  – Q2; Aaron: If you had to choose a different strategy to complement your main Trend Following strategy, which one would you choose, and why?

25:03  – Q3; Graham: How much margin do you use on different instruments? What total portfolio risk-to-stop do you recommend?

35:23 – ‘The good, the bad, and the ugly’ of backtesting

52:50 – How to make a backtest as objective and robust as possible

01:25:49 – Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Richard Brennan joins us today to discuss the current global risk factors that could cause a large liquidity event, what the term ‘outlier’ really means from a Trend Follower’s perspective, the role of currencies in a Trend Following portfolio, the point at which diversification can end up diluting returns, whether different asset classes should be traded on different timeframes, some thoughts on pyramiding, and defining ‘non-linearity’ when discussing Trend Following models.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• The increasing global risks that could cause large market selloffs
• How a Trend Following trader thinks about 'outliers'
• The role of currency pairs in a Trend Following system
• Diversification versus 'Di-worse-ification'
• Whether to use different timeframes for different asset classes
• Thoughts on 'pyramiding' in and out of positions
• Rich's explanation of the term 'non-linearity squared'

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Rich on Twitter.

Episode TimeStamps:

00:00 – Intro

02:09 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes

02:31 – Macro recap from Niels

11:17 – Weekly review of performance

17:10  – Q1; Adam: At what point does diversification become dilution?

22:32  – Q2; Mathew: Have there ever been any years where currencies were your top performers?

32:09 – What the term ‘outlier’ really means from a Trend Follower’s point of view, as well as some thoughts on the terms ’non-linearity squared' and ‘pyramiding’

01:02:36 – Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Mark Rzepczynski joins us on the show this week to discuss the importance of being aware of known and unknown risks, how economic data can contribute to a profitable system, the different types of liquidity, how futures markets are some of the most liquid markets in the world, the need for a rules-based approach to the markets, how fundamental trends usually cause price trends, why making market predictions based on Federal Reserve announcements can be a bad idea, how the constant debasement of purchasing power since the Bretton Woods agreement has made passive investing difficult over the years, some famous quotes that can be applied to investing, and how to integrate ESG investing with Trend Following.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• Some famous quotes which apply to investing, such as Donald Rumsfeld's quote about the types of risks to be aware of
• How macro data can contribute to a profitable trading system
• The true definitions of liquidity
• Futures markets as the most liquid in the world
• Why a rules-based approach to the markets is so important
• The 50th anniversary of the Bretton Woods agreement
• Trend Following with markets that are ESG-friendly

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Mark on Twitter.

Episode TimeStamps:

00:00 – Intro

02:24 – A massive thank you to listeners of the show for leaving your 5-star reviews on iTunes

02:57 – Macro recap from Niels

04:37 – Weekly review of performance

09:16 – 'The black hole of Jackson Hole' and the 50th Anniversary of the Bretton Woods agreement

18:11 – The different types of liquidity

29:50 – How to measure a market’s true liquidity

01:01:37 – Integrating ESG into Trend Following

01:05:02 – Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Jerry Parker is on the show with us today to discuss Ethereum’s recent rise after a new ‘hard fork’, auto-correlation and its effects on Trend Following strategies, how trading extra markets can improve performance, drawdowns as a key to profiting from huge trends, how Trend Following firms who try to be too unique often end up underperforming, the power of pure Trend Following versus over-optimisation, why ESG investing should also take into account human rights issues, why you should love your trading rules but not your positions, and how trading in smaller sizes can lead to much bigger returns.

Also check out my interview with Turtle Trading legendary mentor Richard Dennis here.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• The recent comeback in crypto markets and trading crypto futures
• Thoughts on autocorrelation
• The benefits of trading a wide range of markets
• How over-optimisation can result in underperformance
• Why ESG investing should consider human rights issues as well as environmental
• Why your rules are more important than any one position
• How decreasing position size can increase a system's profits

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Jerry on Twitter.

Episode TimeStamps:

00:00 - Intro

04:11 - Macro recap from Niels

04:44 - A huge thank you to our listeners for leaving 5-star reviews in iTunes

05:25 - Discussion on Ethereum

08:34 - Weekly review of returns

10:21 - Where does the edge in Trend Following really come from?

17:13 - Market selection and utilising auto-correlation

26:40 - Q1; Mark: What are some of the things about Systematic Trading that you can only learn from experience?

34:48 - Q2; Stacius: When do you know that a strategy is robust, without doing a backtest?

38:19 - Jerry’s favourite measurement of risk-to-reward

51:21 - ‘Loose pants fit everyone’

53:51 - Deciding whether to trade in the Chinese futures markets

55:56 - CTAs utilising ETFs 

01:02:05 - The benefits of being an amazing ‘quitter’

01:05:29 - Trend Following performance during different interest-rate periods

01:07:22 - Winton’s positive recent positive comments on Trend Following 

01:08:57 - Transtrend’s recent article on volatility and how it should affect your models

01:12:59 - Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Today we’re joined by Moritz Seibert to discuss the efficacy of backtests, how to build a profitable spread trading model, Moritz’s addition of Ethereum futures to his portfolio, why commodities such as coal should still be traded, how to incorporate macro data into a systematic strategy, how to distinguish between long-term profitability and shorter-term luck, and the alternatives to Microsoft Excel for managing market data in a Trend Following system.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• How effective Backtests can be
• Apply Trend Following models to synthetic markets
• Ethereum futures
• Why 'dirty fuel' markets should still be traded
• Combining macro data such as inflation into a Trend Following strategy
• Distinguishing between a lucky streak and a robust system
• How to manage market data for those who aren't familiar with coding

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Moritz on Twitter.

Episode TimeStamps:

00:00 - Intro

01:44 - Macro recap from Niels

04:41 - Weekly review of returns

10:09 - Discussion on Rich Brennan’s findings that a Trend Follower’s edge comes from the market data itself rather than the trading models

13:57 - Q1: Henry: Do you recommend any educational resources that will help me to build a spread trading model, and can Moritz talk about his own spread trading model?

29:06 - Q2; Daniel: Can inflation market effects be incorporated into Trend Following strategies?

36:16 - Q3; Stasius: What techniques do you use to measure whether strategy actually works and isn’t just in a lucky streak? 

44:15 - Q5; Jeff: What alternatives to Microsoft Excel do you recommend, other than CSI?

49:46 - Ethereum futures and Bitcoin’s newer, smaller futures contracts

58:48 - Benchmark performance update

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

This week, Richard Brennan from ATS Trading Solutions makes his debut on the show, and we discuss the complexity behind successful Trend Following strategies, momentum trading versus Trend Following, the importance of average win rate, how a weak edge can still lead to strong returns, deflationary environments and their past effects on the Trend Following models, which markets, and how many, to include in a profitable trading system, and how to find the perfect exit strategy with minimum risk.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• Why there may be no such thing as a 'simple' successful Trend Following strategy
• How to profit across multiple timeframes
• How momentum investing is often confused with Trend Following methods
• Average win rate versus average loss rate
• Why inflation is usually a good thing for systematic investors
• Trailing stops and risk management
• How many markets are ideal for a profitable Trend Following system

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Rich on Twitter.

Episode TimeStamps:

00:00 – Intro

01:31 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes

02:18 – Macro recap from Niels

04:23 – Weekly review of performance

10:24  – Q1; Kushro: Is there a way for the novice rules-based investor to reliably backtest their rules?

12:40  – Q2 & Q3; Danny: Can you give an example of how to trade multiple timeframes? How do I manage risk from unrealised profits & losses?

23:35 – Extracting an edge from markets

42:22 – Analysing win/loss rates

52:00 – Stops and position sizing

56:42 – Benchmark performance update

57:45 – Some big announcements

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer

Mark Rzepczynski joins us this week to discuss ‘algorithm aversion’ and the science of how ‘model anxiety’ shows investors to be naturally wary of rules-based systems. We also discuss how to evaluate momentum data, how a busy week for market news can still be a quiet week for Trend Followers, the benefits of moving away from ‘peak complexity’ as soon as possible, why having too many filters can expose a trader to large opportunity costs, the optimal percentage amount of risk per trade, as well as portfolio construction versus signal generation and which is more important.

-----

50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In this episode, we discuss:

• How behavioural finance leaves investors under-allocated to Trend Following strategies
• How to perceive momentum data
• Why the steady flow of market news often has little value for Trend Followers
• Embracing simplicity
• The need to avoid too many filters in your system
• How much should be risked per trade

-----

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Mark on Twitter.

Episode TimeStamps:

00:00 – Intro

01:49 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes

03:02 – Macro recap from Niels

04:48 – Weekly review of performance

11:59  – Q1; James: What are your views on momentum indicators diverging against price action?

24:56  – Q2; Frank: What is your view on the relationship between the stop and the look-back period?

28:52  – Q3; John: Is the 2% rule still a popular and good risk-per-trade today?

35:56  – Q4; Mark: Would you ever not take a trade because it seems so absurd logically?

40:11  – Q5; Frederick: Do you think people are underinvested in CTAs because they want to feel in more ‘in control’ than a systematic approach would allow them to?

45:34 – The calculus of business cycles

48:51 – Narrative ambiguity versus model clarity

50:53 – How to handle depreciating cash

54:04 – The power of weather shocks

58:01 – Do we need inflation futures?

59:58 – Curve play in bonds

01:02:11 – Hayek co-ordination problem and recovery

01:04:57 – Benchmark performance update

01:05:57 – Next week we have Richard Brennan joining us on the show, so send in your questions

Copyright © 2025 – CMC AG – All Rights Reserved

----

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

Privacy Policy

Disclaimer