I wrote to you in June of last year when I was resurrecting my trend following career. I’ve been going through all your podcasts right from the first one. It’s my entertainment while doing my imagination killing job.
One coincidence here is that I mentioned that I was trading a system back in 2001-2002, what I didn’t mention was that my broker over that time was none other than Nick Radge, great bloke. My one regret is that I had not come across your books (even though I think you had several under publication at the time) and so even though I was trading a trend following system I did not know about the drawdowns or the mechanics. I didn’t have powerful testing software, all my backtesting was done on Excel and I didn’t have the data to see how it performed during a severe downturn. I hit the 20% down point and pulled the plug at exactly the time I should have been getting more excited. If one could only turn back time.
I picked up the latest edition of the Trend Following book for my library and I bought another as a birthday gift for someone else.
Thanks for the inspiration and keep up the great work.
All the best.