Don’t Compare Yourself to a Fund

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Hi Michael,

I’ve been listening to all your podcasts–an episode-a-day while driving to work. It’s full of great interviews and I’ll try to get your word out to my world as much as I can.

After listening to your Martin Bergin episode I found myself asking a question. And this is what I want to ask you: is it necessary to use automated (computer-run) systems to follow trends in these days or can it still be done manually by retail investors like me?

I’m not math-phobic but am no PhD in Math either. I do have a computer but it’s a plain old Macbook Pro and not a blackbox kind of supercomputer!

Please help, as I’m struggling to hear how a retail trader can effectively but manually follow trends.

Keep the flag flying!

Warm Rgds
[Name]

Please don’t compare yourself to a billion dollar fund (see Turtle story)! You can absolutely keep track of trades as a retail trader via a spreadsheet (EXCEL or paper). Mind you: you are trading end of day (no day trading) and or end of week bars. That is a very straightforward tracking issue. Can you make it pretty and fancy with automation software? Sure. Do you have to do that? No.

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