“Tactical Momentum Strategy” (or Trend Following)

I spoke here (PDF) the other day. An attendee wrote me after:

Michael, I’ve gotten through the first chapters of your book [Trend Commandments or The Little Book of Trading; both were provided] and realizing I need to put it down until I finish with my CFA level one exam in December! But I do find it interesting and we had just been pitched a tactical momentum strategy earlier in the month, which when you strip it down is a trend trade. So very thought provoking for a shop that has been and still is a Bogle-head focused passive indexing strategy!

Sincerely,
[Name]
Deputy Treasurer
State of [One of the 50]

I will take the converts!

Note: The PDF above? “Secrets” was not my word. I actually nailed it in my talk (nicely of course!).