Sticking long enough with one strategy before deciding if it works or not! The market is not the enemy, I am!
What is your system and time frame?
As of the last few weeks I’ve started to look at trend following again. I first had a dabble about 10 years ago, my early days investing in funds. I read the excellent book ‘Little Book of Trading’ (Covel book) you may of heard of it! I found it very inspiring. But once again I didn’t stick with it long enough. I would like to hold for the medium to long term but I always pull the plug after a few weeks/months of underwhelming performance.
• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.
Michael, really enjoyed that podcast. I personally have what I call an ‘overactive mind’. I am always tinkering with things, trying to improve processes, etc. I know I need to rest my brain more, so I am hoping some of techniques will help me. Thanks for all your great work!
My guest today is Justin Zorn, a policymaker and a meditation teacher in the US Congress. On Capitol Hill, he served as Legislative Director to three Democratic Members of Congress. Zorn is a Senior Adviser to the Center for Economic and Policy Research, a Truman National Security Fellow, and a communications and strategy adviser for a variety of mission-driven businesses, think tanks, and advocacy groups.
The topic is his book Golden.
In this episode of Trend Following Radio we discuss:
Introverted and extroverted personalities
Silence for the nervous system, physical health, and cognition
How does ambient noise affect our health?
How we can avoid distractions?
Silence in the fields of neuroscience, medicine, and wisdom traditions around the world
I am currently reading your Trend Following. I am enjoying it very much and am eager to learn all I can about the strategy. I started trading full-time around the start of the shutdowns. I’ve been successful overall, but made many mistakes randomly buying calls and puts. With the market trending up, I did very well selling naked puts. When the market turned against me at the start of the year, I got into trouble by foolishly rolling out the trades that went against me. My margin shrunk to nothing. I was issued margin calls and had to liquidate many of my long-term holdings to cover. I’m still under water by about $45K, but am slowly trading my way back to profitability. I currently use a wheel strategy. Instead of rolling out the puts that go against me, I allow them to get assigned to me and then sell covered calls against them. This is working very well with the current high volatility. I look to either add to or replace my current strategy with Trend Following. You have my compliments and appreciation for your work. I look forward to continuing my studies.