Top Traders Unplugged

SI204: Trend Following & A Cocktail of Macro Factors ft. Alan Dunne

06 Aug 2022

Contributed by Lukas

Today, Alan Dunne joins us to discuss the ongoing instability in the markets and rising inflation, and why we, as investors, should keep an open mind ...

AL09: FED Funds may hit 8% ft. Bilal Hafeez

02 Aug 2022

Contributed by Lukas

Bilal Hafeez, Founder, CEO and Head of Research at Macro Hive, joins us today to discuss the current state of the markets and how we are possibly head...

SI203: A new way of doing Trend Following ft. Jerry Parker

30 Jul 2022

Contributed by Lukas

Today, we are joined by Jerry Parker where we dive into some of the highlights from the challenging month of July and how the industry has handled the...

IL05: The Road to Economic Stability ft. Andrew Smithers

27 Jul 2022

Contributed by Lukas

Today, we are joined by Andrew Smithers, Author, Economist and Founder of Smithers & Co, to discuss how we can achieve economic stability, based o...

SI202: Trend Following in a Binary World ft. Mark Rzepczynski

24 Jul 2022

Contributed by Lukas

Mark Rzepczynsky joins us today for a weekly talk on Trend Following, where we discuss how we are beginning to see stagflation and recession around th...

IL04: Inflation & The Great Demographic Reversal ft. Manoj Pradhan

20 Jul 2022

Contributed by Lukas

Manoj Pradhan, Author and Founder of Talking Heads Macroeconomics, joins us in today’s episode to discuss the structural forces that will drive mark...

SI201: Trend Followers Positioned for Recession ft. Richard Brennan

16 Jul 2022

Contributed by Lukas

Today, Richard Brennan tackle lots of great questions from listeners as to why Trend Following works, why trends occur in markets and why it is best t...

IL03: Finding Optimism in Times of Crises ft. Larry Siegel

13 Jul 2022

Contributed by Lukas

Today, Larry Siegel, Author and Director of Research at CFA Research Foundation, joins us to discuss his book, “Fewer, Richer, Greener: Prospects fo...

SI200: Stacking Returns into a Tightning Cycle ft. Alan Dunne

10 Jul 2022

Contributed by Lukas

Today, Alan Dunne and I discuss the use of return stacking in asset management when building a diversified portfolio and the risk implications, adding...

IL02: Cold War & US Relations with China ft. James A. Fok

06 Jul 2022

Contributed by Lukas

James A. Fok, Financial Markets Professional and author of the book, “Financial Cold War”, joins us today for a discussion on how the Great Leap F...

SI199: Achieving Highest CAGR through Optimal Leverage ft. Rob Carver

03 Jul 2022

Contributed by Lukas

Rob Carver joins us to discuss the eventful month of June and take questions from listeners regarding moving average crossover systems including what ...

IL01: Turning Water Into Wine with Diversification ft. Antti Ilmanen

29 Jun 2022

Contributed by Lukas

In today’s episode, Antti Ilmanen, author and Global co-head of the Portfolio Solutions Group at AQR Capital Management, joins us to discuss key lea...

SI198: Trend Following wearing Loose Pants ft. Jerry Parker

26 Jun 2022

Contributed by Lukas

Today, we are joined by Jerry Parker to discuss how recessions affect current trends and returns for Trend Followers, how to use ATR to determine the ...

GM20: Bitcoin & The Great Power Shift ft. Nathaniel Whittemore

22 Jun 2022

Contributed by Lukas

Nathaniel Whittemore, aka NLW, creator and host on The Breakdown podcast, joins us in today’s episode to discuss the big power shifts and social cha...

SI197: Why Trend Following Works...Especially Now ft. Mark Rzepczynski

19 Jun 2022

Contributed by Lukas

In today’s episode, Mark Rzepczynski joins us to discuss a listener question regarding different ways of adding capital and adjusting position size....

GM19: Brace Yourself for Dramatic Market Moves ft. Peter Atwater

15 Jun 2022

Contributed by Lukas

In today’s episode, Peter Atwater, author and adjunct professor of Economics at William & Mary, joins us to discuss socionomics and why media is...

SI196: Where Next for Trend Following? ft. Rob Carver

12 Jun 2022

Contributed by Lukas

Today, Rob Carver joins us to discuss recent events in the world of Trend Following and takes questions from listeners regarding what it takes to do T...

GM18: Boomers, Tax & Deflation ft. Alfonso Peccatiello & Andreas Steno Larsen

08 Jun 2022

Contributed by Lukas

In today’s episode, the dynamic duo Alfonso Peccatiello, aka MacroAlf and Andreas Steno Larsen, join us to discuss all things Macro...from Central B...

SI195: Trend Following 101 ft. Richard Brennan

05 Jun 2022

Contributed by Lukas

Richard Brennan joins us in today’s episode, to discuss all things Trend Following and we take lots of questions from listeners regarding methods fo...

GM17: Elon Musk...From Showman to Charlatan ft. Grant Williams

01 Jun 2022

Contributed by Lukas

Today, Grant Williams, creator of The Grant Williams Podcast, joins us to discuss the direction that the world is heading from a global macro perspect...

SI194: Trend Following & Manager Selection ft. Alan Dunne

29 May 2022

Contributed by Lukas

Today, Alan Dunne joins us to discuss manager selection and how to overcome behavioural biases, based on his paper, “Solving the Manager Selection P...

GM16: Central Banking in a De-Globalized World ft. Joseph Wang

25 May 2022

Contributed by Lukas

Joseph Wang, former senior FED trader & known as the “Fed Guy”, joins us to discuss the credibility of the FOMC and what drives the neutral ra...

SI193: Nothing But Trend Following ft. Jerry Parker

22 May 2022

Contributed by Lukas

Trend Following legend Jerry Parker joins me today, where we answer questions regarding the effectiveness and risks of Richard Dennis’ “Pyram...

GM15: The New World Order & Space Race ft. Pippa Malmgren

18 May 2022

Contributed by Lukas

Pippa Malmgren, former White House Adviser, technology entrepreneur and economist, joins us in today’s episode to discuss warfare in space and the s...

SI192: Knowing What You Don't Know ft. Mark Rzepczinsky

15 May 2022

Contributed by Lukas

Mark Rzepczynski joins us in today’s episode to discuss inflation and how it threatens the economy, the power and paranoia of Trend Following and ho...

GM14: The Dark Side of Renewable Energy ft. Adam Rozencwajg

11 May 2022

Contributed by Lukas

Adam Rozencwajg, Managing Partner at Goehring & Rozencwajg, joins us in today’s episode to discuss ESG policies, the emerging energy crisis, and...

SI191: The Flash Crash & Central Banks Screwing Up ft. Richard Brennan

07 May 2022

Contributed by Lukas

Today, Richard Brennan joins us to discuss the fragility of the market and what happens if the Central Bank screws up, the current regime and how it b...

GM13: The Decline of the Dollar & Prepping for the Worst ft. Izabella Kaminska

04 May 2022

Contributed by Lukas

Today, Cem and I are joined by Izabella Kaminska, former Editor of Financial Times Alphaville and Founder of The Blind Spot, to discuss the war of inf...

SI190: Overthinking the Systematic Investment Game ft. Rob Carver

01 May 2022

Contributed by Lukas

Today, Rob Carver joins us to discuss what happened in the Trend Following world the past few weeks and takes questions from listeners regarding long/...

GM12: WW3 is just the beginning ft. Peter Zeihan

27 Apr 2022

Contributed by Lukas

In this episode, Niels and Cem are joined by Peter Zeihan, author and Geopolitical strategist, to discuss the New World Order and World War III, how t...

SI189: A New Era for Currencies ft. Alan Dunne

24 Apr 2022

Contributed by Lukas

In today’s episode, Alan Dunne joins us to discuss currency markets and how we might see a new era of volatility in these markets moving forwar...

GM11: The Billionaires Protocol ft. Dr. Ben Hunt

20 Apr 2022

Contributed by Lukas

Today, Niels and Cem are joined by Dr. Ben Hunt, Creator of Epsilon Theory, to discuss how he uses game theory, history and behavioral analysis to und...

SI188: Trading with Style ft. Jerry Parker

16 Apr 2022

Contributed by Lukas

Jerry Parker joins us in today’s episode, to discuss pros and cons of adding different trading styles to your strategy and how to react when bad per...

ALO08: Investing like the Rothschild's ft. Hugo Capel Cure

13 Apr 2022

Contributed by Lukas

Today, Alan Dunne is joined by Hugo Capel Cure, Managing Director of Rothschild & Co, to discuss how they build strong portfolios for their client...

SI187: Why Commodities & Why Now ft. Tim Pickering

09 Apr 2022

Contributed by Lukas

In this week’s episode, Tim Pickering, Founder of Auspice Capital, joins me to discuss why commodities play such an important role in a portfolio, h...

ALO07: CIOs on the Edge of Finance ft. Katherine Molnar & Andrew Spellar

06 Apr 2022

Contributed by Lukas

In today’s episode, Alan Dunne is joined by Katherine Molnar, CIO of Fairfax County Police Officers Retirement System, and Andrew Spellar, CIO of Fa...

SI186: Crisis Alpha & My Trend Following Thesis ft. Richard Brennan

03 Apr 2022

Contributed by Lukas

Today, Rich and I discuss the Q1 Trend Following performance and how it turned out to be one of the best calendar quarters for the SG Trend and SG CTA...

ALO06: Betting against Buffett ft. Ted Seides

30 Mar 2022

Contributed by Lukas

Today, Alan Dunne is joined by Ted Seides, host and creator of the Capital Allocators podcast, to discuss the investment approach and philosophy of Da...

SI185: Trend Following in a De-Globalised World

26 Mar 2022

Contributed by Lukas

Mark Rzepczynski joins me in this week’s episode, to discuss strategies for rebalancing your portfolio, the coming de-globalisation and its impact o...

TTU120: Carry - The Good, the Bad and the Ugly ft. Kevin Coldiron

23 Mar 2022

Contributed by Lukas

In this episode, Niels and Rob is joined by Kevin Coldiron, co-author of the book “The Rise of Carry” and lecturer in Asset Management at UC Berke...

SI184: To Trend Follow or Not To Trend Follow ft. Alan Dunne

20 Mar 2022

Contributed by Lukas

In today's episode Alan Dunne joins me to discuss many different aspects of trend following - its relevance, strengths, weaknesses and future, roll-ha...

VOL11: The Anatomy of a Trade ft. Alex Gurevich

16 Mar 2022

Contributed by Lukas

In this episode Hari is joined by Alex Gurevich, author, PhD in mathematics and founder of HonTe Investments, to discuss how he values bonds different...

SI183: Nickel Short Squeeze & Trend Following in an Unstable World ft. Jerry Parker

12 Mar 2022

Contributed by Lukas

Jerry Parker joins me in today’s episode to discuss trend following as a robust guide to the markets in a world of instability and insecurity. We al...

ALO05: Better than Alpha ft. Chris Schelling

09 Mar 2022

Contributed by Lukas

In this episode, Alan Dunne is joined by Chris Schelling, Chief Investment Strategist at Venturi Private Wealth and author of the book “Better Than ...

SI182: Trend Following in Times of Crises ft. Rob Carver

05 Mar 2022

Contributed by Lukas

Today Rob Carver joins me to discuss how the Trend Following world is reacting to the aweful situation in Ukraine and how it affects markets and volat...

ALO04: Insights from the Queens Bank CIO ft. Alan Higgins

02 Mar 2022

Contributed by Lukas

On today’s episode, Alan Dunne is joined by Alan Higgins, the CIO and Chief Market Strategise of Coutts UK, also known as the Queens Bank, to discus...

SI181: The Power of Trend Following ft. Richard Brennan

27 Feb 2022

Contributed by Lukas

Richard Brennan joins us today to discuss the power of Trend Following during periods of heightened uncertainty, Trend Following applied to the ESG sp...

ALO03: Lessons from a $25 billion CIO ft. Elizabeth Burton

23 Feb 2022

Contributed by Lukas

Alan Dunne is joined today by Elizabeth Burton to discuss managing a public fund versus a private fund, the challenges to those invested in the tradit...

SI180: Data Versus Stories & The "Moscow Rules" ft. Mark Rzepczynski

20 Feb 2022

Contributed by Lukas

Mark Rzepczynski joins us today to discuss Trend Following versus Momentum strategies, the need to be humble about making economic forecasts, how Cent...

ALO02: Properly Diversifying a $1.6Trillion Portfolio ft. Sebastien Page

16 Feb 2022

Contributed by Lukas

Alan Dunne is joined today by Sebastien Page to discuss how price shocks affect correlations, approaches to strategic asset allocation, how to positio...

SI179: A New Golden Era for Trend Followers ft. Alan Dunne

12 Feb 2022

Contributed by Lukas

Today, Alan Dunne joins me to discuss how the change of tone from central banks can affect markets globally, Trend Following in a rising interest...

ALO01: Adapting to Market Cycles ft. Phil Huber

09 Feb 2022

Contributed by Lukas

Alan Dunne is joined today by Phil Huber, in the first of our new Allocator Series, to discuss the education gap that needs to be filled regarding eff...

SI178: Value Investing vs Trend Following ft. Jerry Parker

06 Feb 2022

Contributed by Lukas

Jerry Parker joins us today to discuss the importance of hanging on to your outlier winners, value investing versus trend following, the optimum numbe...

VOL10: Why We All Need Volatility ft. Cem Karsan

02 Feb 2022

Contributed by Lukas

Hari Krishnan is joined today by Cem Karsan, to discuss feedback loops across different markets, the decision to manage outside money, how institution...

SI177: The Value of Price ft. Mark Rzepczynski

31 Jan 2022

Contributed by Lukas

Mark Rzepczynski joins us today to discuss how Federal Reserve policy affects the Trend Following environment, the benefits of scaling into and out of...

VOL09: The Magical Properties of Money ft. David Orrell

26 Jan 2022

Contributed by Lukas

Hari Krishnan is joined today by David Orrell, to discuss the problems with using physics analogies on financial markets, the cause and effects of pri...

SI176: The Origin of Outliers ft. Richard Brennan

23 Jan 2022

Contributed by Lukas

Richard Brennan joins us this week to discuss how to spot potential outlier trades before they occur, the power of simple trading rules over complexit...

VOL08: Adaptation To Change ft. Jean-Philippe Bouchaud

19 Jan 2022

Contributed by Lukas

Hari Krishnan is joined today by Co-Founder & Chairman of Capital Fund Management (CFM) Jean-Philippe Bouchaud, to discuss how news drive price ac...

SI175: A Winning Approach to Risk ft. Rob Carver

16 Jan 2022

Contributed by Lukas

Rob Carver joins us today to discuss the different ways that Trend Following is perceived by investors, the optimum amount of positions to trade at on...

VOL07: Participate & Protect ft. Dave Dredge

12 Jan 2022

Contributed by Lukas

Hari Krishnan is joined today by Dave Dredge, to discuss how long-volatility strategies can improve on the traditional 60/40 portfolio, the concept of...

SI174: The Future of Trend Following ft. Alan Dunne

10 Jan 2022

Contributed by Lukas

Today, Alan Dunne joins us to discuss what the future could look like without central bank liquidity being pumped into the markets, macro versus quant...

VOL06: Finding True Value in the World of Volatility ft. Benn Eifert

05 Jan 2022

Contributed by Lukas

On today’s episode, Hari Krishnan is joined today by Benn Eifert, to discuss running a volatility fund, the benefits that Benn gets from using Twitt...

SI173: ‘Trend Following + Nothing’ Part Two ft. Jerry, Moritz, Rob, Mark & Rich

02 Jan 2022

Contributed by Lukas

Today we continue our special Part 2 end-of-year episode featuring all co-hosts of the show, together at the same time, to discuss why you should be i...

TTU119: The Secret to becoming Richer, Wiser, Happier ft. William Green

29 Dec 2021

Contributed by Lukas

What if there was one or two things that, above all, the best investors of all time have in common? Would you be interested to know what this is? Our...

SI172: ‘Trend Following + Nothing’ Part One ft. Jerry, Moritz, Rob, Mark & Rich

25 Dec 2021

Contributed by Lukas

We have a special end-of-year episode for you today, featuring all of us together for the first time, to discuss why we are so passionate about Trend ...

TTU118: TRILLIONS...The Passive Revolution ft. Robin Wigglesworth

22 Dec 2021

Contributed by Lukas

Passive & quantitative investing has grown exponentially over the years and is now responsible for trillions of dollars of investors’ capital.&n...

SI171: Machine Learning - Pros & Cons ft. Hari Krishnan

20 Dec 2021

Contributed by Lukas

Today we’re joined by special guest, Hari Krishnan, to discuss the advantages and drawbacks of machine learning-based trading strategies, successful...

SI170: 'Don’t Try This At Home' ft. Rob Carver

12 Dec 2021

Contributed by Lukas

We’re joined today by Rob Carver to discuss how to approach position-sizing and risk-per-trade, mean reversion trading strategies, how to invest in ...

TTU117: Strategic Risk Management ft. Cam Harvey & Rob Carver

09 Dec 2021

Contributed by Lukas

How should you protect your portfolio against large losses, but without giving up its upside potential? To answer this question, and many more, I...

SI169: Buying the Dip ft. Richard Brennan

05 Dec 2021

Contributed by Lukas

Richard Brennan returns today to discuss the misconception of volatility as risk, thoughts on the various measures of risk, drawdowns as an opportunit...

TTU116: In Pursuit of the Perfect Portfolio ft. Steve Foerster

01 Dec 2021

Contributed by Lukas

If we could gather all of the famous investing pioneers from world history into one room and ask them to build the perfect portfolio, what would it lo...

SI168: The Trading Secrets of Trend Followers ft. Mark Rzepczynski

28 Nov 2021

Contributed by Lukas

Mark Rzepczynski joins us today to discuss how markets will react to the likely upcoming tapering policies of central banks around the world, how Tren...

VOL05: Maintaining Liquidity & Cash Efficiency ft. Zed Francis

24 Nov 2021

Contributed by Lukas

Jason Buck is joined today by Zed Francis to discuss the benefits of adding volatility strategies to your portfolio, achieving a negative a correlatio...

SI167: The Road to Profits is Bumpy ft. Jerry Parker

22 Nov 2021

Contributed by Lukas

Jerry Parker joins us today to discuss trading single stocks while maintaining a systematic approach, the benefits of trading a broad universe of asse...

VOL04: Profiting from Short-Term Volatility ft. Bastian Bolesta

18 Nov 2021

Contributed by Lukas

Special guest, Bastian Bolesta, joins Jason Buck today to discuss why volatility strategies should be added to our portfolios, how to keep improving a...

SI166: Riding the Waves of Volatility ft. Hari Krishnan

14 Nov 2021

Contributed by Lukas

We’re joined by Hari Krishnan today, to discuss the ways in which Volatility strategies can complement Trend Following as a source of portfolio prot...

VOL03: The Evolution of the VIX ft. Stefan Wintner

10 Nov 2021

Contributed by Lukas

In today’s episode, Jason Buck is joined by Stefan Wintner of DUNN Capital, to discuss volatility as an asset class, the evolution of the VIX from i...

SI165: Responsible Investing as a Trend Follower ft. Rob Carver

07 Nov 2021

Contributed by Lukas

Rob Carver joins us today to discuss the perception of cryptocurrencies since the new Bitcoin futures ETF was launched, scaling into and out of positi...

VOL02: Past, Present, & Future Volatility ft. Noel Smith

02 Nov 2021

Contributed by Lukas

Today Jason Buck is joined by Noel Smith in the second of our series on Volatility. Topics discussed include: the benefits of ensemble investing, the ...

SI164: Compounding - The 8th Wonder of the World ft. Richard Brennan

31 Oct 2021

Contributed by Lukas

This week, Richard Brennan joins us on the show to discuss how people can benefit from the effects of compounding while others end up a paying a price...

VOL01: The New Nature of Stock Market Movements ft. Hari Krishnan

26 Oct 2021

Contributed by Lukas

Today Jason Buck is joined by Hari Krishnan in the first of our series on Volatility. Topics discussed include: the benefits of adding volatility str...

SI163: The Importance of Investment Narratives ft. Mark Rzepczynski

23 Oct 2021

Contributed by Lukas

This week, Mark Rzepczynski joins us to discuss the Bitcoin ETF and the increasing likeliness that it won’t be banned by the US government, the need...

SI162: Discussing The New Bitcoin Futures ETF ft. Moritz Seibert

17 Oct 2021

Contributed by Lukas

We’re joined today by Moritz Seibert to answer some of the hardest questions in the Turtle Trader entrance exam, as well as discuss the new Bitcoin ...

SI161: Retaking the Turtle Trader Entrance Exam ft. Jerry Parker

09 Oct 2021

Contributed by Lukas

Jerry Parker joins us for a very special episode today, where we invite him to answer the original interview questions from Richard Dennis’s famous ...

SI160: Long-Term Performance vs Short-Term Hot Streaks ft. Rob Carver

03 Oct 2021

Contributed by Lukas

Rob Carver returns to the show today to discuss the varying performances among CTAs during the notable market moves of the last few weeks, how to deci...

SI159: Embracing Uncertainty for Outsized Returns ft. Richard Brennan

25 Sep 2021

Contributed by Lukas

Richard Brennan joins us today to discuss the stabilising effect that a healthy allocation to Trend Following can have on a portfolio, how to achieve ...

SI158: The Secrets to Raising Capital ft. Mark Rzepczynski

18 Sep 2021

Contributed by Lukas

Mark Rzepczynski joins us today to discuss why people are as important as processes when investors are choosing funds, the factors that can predict fu...

SI157: How to Make Money & Survive in the Markets ft. Jerry Parker

12 Sep 2021

Contributed by Lukas

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 ...

SI156: The Case for Buying at All-Time Highs ft. Moritz Seibert

05 Sep 2021

Contributed by Lukas

Moritz Seibert joins us today to discuss the benefits of ‘system diversification’, the case for buying at all-time highs, how classical Trend Foll...

SI155: How to Create the Perfect Backtest ft. Richard Brennan

28 Aug 2021

Contributed by Lukas

This week, Richard Brennan joins us to discuss whether there are any similarities between Trend Following and other investment approaches, the benefit...

SI154: Defining 'Outliers' from a Trend Follower's Perspective ft. Richard Brennan

21 Aug 2021

Contributed by Lukas

Richard Brennan joins us today to discuss the current global risk factors that could cause a large liquidity event, what the term ‘outlier’ really...

SI153: Being Aware of Known & Unknown Risks ft. Mark Rzepczynski

14 Aug 2021

Contributed by Lukas

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 ...

SI152: Love Your Rules, But Not Your Positions ft. Jerry Parker

07 Aug 2021

Contributed by Lukas

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 F...

SI151 Long-Term Profitability vs Short-Term Luck ft. Moritz Seibert

31 Jul 2021

Contributed by Lukas

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 Et...

SI150: Extracting Edges from the Market ft. Richard Brennan

24 Jul 2021

Contributed by Lukas

This week, Richard Brennan from ATS Trading Solutions makes his debut on the show, and we discuss the complexity behind successful Trend Following str...

SI149: Model Anxiety & Algorithm Aversion ft. Mark Rzepczynski

18 Jul 2021

Contributed by Lukas

Mark Rzepczynski joins us this week to discuss ‘algorithm aversion’ and the science of how ‘model anxiety’ shows investors to be naturally war...

SI148: The Importance of Capturing A Few Large Trends ft. Jerry Parker

11 Jul 2021

Contributed by Lukas

Jerry Parker returns today to discuss why margin perhaps isn’t as important as people perceive it to be, the resurgence of ‘classical’ Trend Fol...

SI147: The Perfect Exit Strategy ft. Moritz Seibert

04 Jul 2021

Contributed by Lukas

Moritz Seibert joins us today discuss the benefits of stripping down your trading approach as much as possible, the various ways to exit a hugely prof...

SI146: The Trend Following Mindset ft. Rob Carver

28 Jun 2021

Contributed by Lukas

We’re joined today by Rob Carver to discuss why investors worried about inflation need to be invested in Trend Following strategies, the Russell 200...

SI145: The 3 D's of Inflation ft. Mark Rzepczynski

20 Jun 2021

Contributed by Lukas

Mark Rzepczynski returns this week to discuss the recent decline in commodity prices, perceived hawkish comments from the Federal Reserve, trading nar...