Top Traders Unplugged
Episodes
MacroVoices: Niels Kaastrup-Larsen on Algorithmic Trading & Trend Following
13 Sep 2019
Contributed by Lukas
The tables have turned! In this episode, Niels Kaastrup-Larsen becomes the first featured guest on Erik Townsend’s newest podcast – MacroVoices Sp...
RT26: Overcoming behavioural biases ft. Daniel Crosby – 1of2
12 Sep 2019
Contributed by Lukas
On today’s episode, Niels Kaastrup-Larsen speaks with Dr. Daniel Crosby, Chief Behavior Officer of Brinker Capital, and the host of The Standard Dev...
SI52: Working with legendary Paul Tudor Jones ft. Peter Borish
10 Sep 2019
Contributed by Lukas
In our special Anniversary Edition of the Systematic Investor Podcast, we invite Peter Borish onto the show to discuss the differences between Discret...
SI51: Improving Diversification through multiple trading approaches
02 Sep 2019
Contributed by Lukas
In this week’s show, we discuss using multiple systems to further enhance diversification, the differences between a portfolio meeting expectations ...
SI50: Why great investing is counter-intuitive to Human Nature
25 Aug 2019
Contributed by Lukas
Today we discuss the potential dangers of avoiding simplicity, how good Trading is counter-intuitive to Human Nature, the benefits of doing the same t...
SI49: Morgan Housel's universal laws of investing and the importance of investor behaviour
19 Aug 2019
Contributed by Lukas
Today, we discuss the potential dangers of taking time away from the markets, the importance of Investor behaviour over the ability to analyse data, M...
SI48: The state of the Bond market and do Institutions affect CTA performance
10 Aug 2019
Contributed by Lukas
This week, we discuss the current state of the Bond market, how the larger, commercial institutions affect overall CTA Trend Following performance, ho...
SI47: Don't fall in Love with your positions
05 Aug 2019
Contributed by Lukas
This week, we discuss the importance of avoiding any emotional attachments to your positions, how correlated markets can affect your portfolio, how to...
BO26: Behavioral Finance, Crisis Alpha & the Adaptive Market Hypothesis
31 Jul 2019
Contributed by Lukas
When it comes to Behavioural Finance, a few people stand out in terms of their contribution to helping us all understand why and how it works. The int...
SI46: Are commodities more risky to trade than equities?
29 Jul 2019
Contributed by Lukas
This week, we discuss whether commodities are more risky to trade than equities, if a stocks-only Trend Following strategy can be profitable in the lo...
BO25: Un-Learning, Keeping an Open Mind & The Legacy of AHL
24 Jul 2019
Contributed by Lukas
It has been said that: ‘The biggest room of all, is the room for improvement’, and one thing that is clear to see in the amazing careers of today’...
SI45: Ray Dailo's paradigm shift and Gold as a safe-haven
21 Jul 2019
Contributed by Lukas
In this week’s episode, we discuss Ray Dalio’s recent article on Paradigm Shifts and his comments on the safety of Gold. We also touch on th...
BO24: The Importance of Asset Allocation & Patience
17 Jul 2019
Contributed by Lukas
In 1987, 3 scientists, 1 from Cambridge and 2 from Oxford, were brought together by their shared passion for the markets and for computers. Litt...
SI44: Should you buy the new 98-year Austrian Bond? and Volatility vs Risk targeting
15 Jul 2019
Contributed by Lukas
On this week’s episode, we discuss the resurgence of ‘boutique’ funds, the new Austrian bond which promises a yield of 1.2% over 98 years, why h...
BO23: Reminiscences of 3 Trend Followers...the AHL Trilogy
10 Jul 2019
Contributed by Lukas
One of the great Investment books of all time is Reminiscences of a Stock Operator, which is the fictionalized biography of perhaps the most famous Fi...
SI43: Cliff Asness on the difficulty on sticking to a strategy through volatile periods
08 Jul 2019
Contributed by Lukas
In this episode, we discuss the recent article from AQR Capital’s Cliff Asness on the difficulty of sticking to a strategy through volatile per...
SI42: Are Stanley Druckenmiller and David Harding right about Trend Following? ft. Salem Abraham
01 Jul 2019
Contributed by Lukas
Today we’re joined on the show by Salem Abraham, a legendary Trend Follower, and President of Abraham Trading Company based in Canadian, Texas. ...
SI41: Bitcoin's recent rally and benefits of trading single stocks
23 Jun 2019
Contributed by Lukas
On today’s episode, we give our thoughts on the recent Bitcoin rally, the possible benefits of trading single stocks rather than indices, how spendi...
SI40: Is past performance actually indicative of future returns? ft. Corey Hoffstein
16 Jun 2019
Contributed by Lukas
This week, we’re joined by Corey Hoffstein from Newfound Research, who also hosts the Flirting With Models podcast. We discuss his journey int...
BO22: You don’t need to be a Genius if you can Stick to a Plan
11 Jun 2019
Contributed by Lukas
In the previous Best of Top Traders Unplugged, we went back in time to re-visit some of the key lessons that many investors learned during the Financi...
SI39: How to trade the VIX and do Trend Followers have an edge?
09 Jun 2019
Contributed by Lukas
Can the VIX index be traded as part of a successful Trend Following strategy? Do CTAs have the edge over traditional Hedge Funds by being invest...
BO21: Trading for a Living
06 Jun 2019
Contributed by Lukas
The financial crisis back in 2008 is slowly fading from the memories of investors. But for those of us who lived and traded through it, many important...
SI38: Process over outcome and how sports relates to trading
02 Jun 2019
Contributed by Lukas
This week, we discuss the importance of process over outcome, how sports can be related to Trading, and whether mistakes are to be avoided completely ...
BO20: How to start & grow a CTA business
28 May 2019
Contributed by Lukas
I get a lot of questions about ideas to help build the best Trading Model, and I understand why many aspiring managers feel that this is critical to t...
SI37: Is "Buy and Hold" the perfect investment strategy? and should you "Equal Weight"?
25 May 2019
Contributed by Lukas
Is ‘Buy & Hold’ the S&P500 index the perfect investment strategy? Should you apply Equal-Weighting across all of your Trading positi...
BO19: The Evolution and Future of Trend Following
21 May 2019
Contributed by Lukas
Regardless of the investment strategy that you apply to the markets, your strategy or approach needs to evolve over time. The way we did Trend F...
SI36: Can you measure the quality of your strategy on your stress-level?
19 May 2019
Contributed by Lukas
In today’s episode, we discuss whether or not Trend Following is more effective with Volatility Targeting, how cautious you should be of outlier eve...
SI35: The journey from managing personal money to external clients
12 May 2019
Contributed by Lukas
Today, we discuss how to go from managing personal money to third-party money, in this current regulatory environment. We clear up some confusion surr...
SI34: Can Central Banks and policies prevent trends in the future?
05 May 2019
Contributed by Lukas
In today’s episode, we discuss how much central banks or political events, can prevent or create market trends in the future. We also discuss ...
RT25: Alpha decay in Short-Term strategies ft. John Fidler, Jonathan Miles & Christopher Vogt – 2of2
02 May 2019
Contributed by Lukas
On today’s episode, guest host Ranjan Bhaduri continues his conversation with John Fidler, Senior VP and Director of Alternative Investments at Comm...
BO18: How to test a model over decades of Data
30 Apr 2019
Contributed by Lukas
I often see the press write that too much money is chasing the same trends, and this being the reason that Trend Following strategies have been perfor...
SI33: The positive effect of embracing volatility ft. Wayne Himelsein
29 Apr 2019
Contributed by Lukas
This week, we invite special guest Wayne Himelsein onto the show from Logica Capital Advisers, in Los Angeles. Wayne explains his jour...
RT24: The Value of Liquidity ft. John Fidler, Christopher Vogt & Jonathan Miles – 1of2
24 Apr 2019
Contributed by Lukas
On today’s episode, guest host Ranjan Bhaduri speaks with John Fidler, Senior VP and Director of Alternative Investments at Commonwealth Bank and Tr...
SI32: How accurately can we predict future returns? and can trading with systems keep you happy?
22 Apr 2019
Contributed by Lukas
Are CTAs giving the wrong message by charging low performance fees? Is there a perfect amount of AUM to aim for? Can Systematic Trading keep you...
BO17: Track records vs Simulations... what’s Best?
15 Apr 2019
Contributed by Lukas
For those of us who have been on the manager side for a while, you’ll know that investors love to analyse decades of performance data before decidin...
SI31: Should you be using a Stop-Loss? or Target a certain level of Volatility?
15 Apr 2019
Contributed by Lukas
Does Systematic Trading completely eliminate all emotions from the process? Is it wise to use Stop-Losses? Should CTAs target low-volatili...
BO16: Crisis Alpha explained
10 Apr 2019
Contributed by Lukas
Kathryn Kaminski is one of my favorite people to discuss Trend Following with, because she has a great way of simplifying and explaining some of the k...
SI30: Should you adjust your position size based on recent volatility?
07 Apr 2019
Contributed by Lukas
Is it wise to adjust position-size according to recent volatility? Can back-testing a Trend Following strategy end up as just being a form of curve-fi...
BO15: Why Trend Following is Not a Black Box
04 Apr 2019
Contributed by Lukas
Often, a Trend following strategy is described as being a ‘Black Box’, as if something bad was going on. So it was refreshing to hear Scott ...
SI29: Can Value Investing be applied to Gold? and Trend Following as a forecasting tool ft. Jesse Felder
31 Mar 2019
Contributed by Lukas
In this episode, we’re joined by special guest, Jesse Felder, from The Felder Report & the SuperInvestor Podcast. Jesse describes his jour...
RT23: Populism and Market Risks ft. Chris Cole, Matthew Sargaison & Dan Stone – 2of2
27 Mar 2019
Contributed by Lukas
Today guest host Chris Solarz continues his conversation with Chris Cole, the Founder and CIO of Artemis Capital Management, Matthew Sargaison, co-CEO...
SI28: Investing based on the "Evidence" and what are the Trend Commandments?
24 Mar 2019
Contributed by Lukas
On today’s show, we give our thoughts on ‘Evidence-Based Investing’, David Harding’s latest comments on Trend Following, how much is too much ...
RT22: Volatility Master Class ft. Chris Cole, Matthew Sargaison & Dan Stone – 1of2
20 Mar 2019
Contributed by Lukas
On today’s episode guest host Chris Solarz speaks with Chris Cole, founder and CIO of Artemis Capital Management, Matthew Sargaison, co-CEO at AHL a...
SI27: Volatility vs Risk...What's the difference? and are CTAs useless?
16 Mar 2019
Contributed by Lukas
Discussion points this week include, Volatility vs Risk, the differences between Trading and Investing, Zero Hedge’s comment about CTAs & Trend ...
SI26: Is it more profitable to invest longer-term? and Druckenmiller on being greedy
10 Mar 2019
Contributed by Lukas
Is it more profitable to be longer-term? When is Trend Following the wrong strategy to use? Should you ‘ease’ into a trade, or go all i...
BO14: How ”slow” trading can be Profitable
05 Mar 2019
Contributed by Lukas
Would you believe somebody if they told you they had been very successful in the investment world, by looking at the just markets once a week? Everyth...
SI25: Where to start your Trend Following jouney?
03 Mar 2019
Contributed by Lukas
Discussion points this week include: Where to start if you want to become a Trend Following Trader, whether or not to trade markets differently, Bloom...
RT21: What's next for Hedge Funds? ft. Jake Barton, Trent Webster & Steven Wilson – 2of2
01 Mar 2019
Contributed by Lukas
Today Niels continues his conversation with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment Officer of S...
SI24: Why Trend Following has "failed" to attract a lot of Assets ft. Meb Faber
24 Feb 2019
Contributed by Lukas
Meb Faber joins the show to discuss his journey into Trend Following, where Trend Following funds have gone wrong in terms of attracting assets & ...
RT20: The Looming Pension Crisis ft. Jake Barton, Trent Webster & Steven Wilson – 1of2
20 Feb 2019
Contributed by Lukas
On today’s episode Niels Kaastrup-Larsen speaks with Jake Barton, the Senior Portfolio Manager at Promus Capital, Trent Webster, Senior Investment O...
SI23: What is the value of the 200-Day Moving Average?
17 Feb 2019
Contributed by Lukas
What is the value of the 200-day Moving Average, the benefit of tried and tested strategies vs new and trendy strategies? Are drawdowns a necess...
BO13: The History of Trend Following
13 Feb 2019
Contributed by Lukas
The concept of Trend Following has been around for a long time, but it wasn’t until a few years back, that the Bible on Trend Following was written ...
SI22: Can intra-day trading be scaled to a big business?
10 Feb 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO12: Market Psychology & Universal Truths
04 Feb 2019
Contributed by Lukas
A while back, I had a very enjoyable time speaking to Scott Foster from Dominion Capital Management, who is not your typical Trader. He draws from a w...
SI21: Why the biggest drawdown is always ahead of you or so they say
04 Feb 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO11: Simplicity is the Ultimate Sophistication
30 Jan 2019
Contributed by Lukas
A few years back, I had a great discussion with die-hard Trend Follower, Scot Billington. I would like to share some key moments with you, ...
SI20: Crisis Alpha...To Love or Not To Love
28 Jan 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
RT19: Who actually learned from the last financial crisis? ft. Andrew Lo & Sol Waksman – 2of2
23 Jan 2019
Contributed by Lukas
Today Niels Kaastrup-Larsen continues his conversation with Andrew Lo, the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Managem...
SI19: Can you apply Trend Following to Life?
20 Jan 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
RT18: Are markets really Efficient? ft. Andrew Lo & Sol Waksman – 1of2
16 Jan 2019
Contributed by Lukas
On today’s episode, Niels Kaastrup-Larsen speaks with Andrew Lo, the Charles E. and Susan T. Harris Professor at the MIT Sloan School of Management,...
SI18: How to know if you are over-fitting your model parameters
13 Jan 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
SI17: The philosophy of Trend Following
07 Jan 2019
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
SI16: What Returns and Drawdowns can you expect from Trend Following
29 Dec 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
SI15: Has too much Diversification hurt performance in recent years?
22 Dec 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO10: Systematic Global Macro…an Experts view
19 Dec 2018
Contributed by Lukas
A while back I had a very memorable time talking with Anders Lindell, discussing many trading related topics. There was one part in particular t...
SI14: How many markets should you include in your portfolio?
15 Dec 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO09: From Discretionary Trading to a Systematic Approach
11 Dec 2018
Contributed by Lukas
At the very beginning of my podcasting career, I had a great conversation with Mike Dever covering many trading related topics, one of which were the ...
SI13: The market impact of too much money following trends
09 Dec 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
RT17: What makes Bitcoin "anti-fragile"? ft. James Koutolas, Tim McCourt & Roy Niederhoffer – 2of2
05 Dec 2018
Contributed by Lukas
Today guest host Chris Solarz continues his conversation with Tim McCourt, the Global Head of Equity Index and Alternative Investment Products at CME ...
SI12: What causes drawdowns and how to deal with them
03 Dec 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
RT16: The birth of the first Futures on Crypto ft. James Koutolas, Tim McCourt & Roy Niederhoffer – 1of2
29 Nov 2018
Contributed by Lukas
On today’s episode, guest host Chris Solarz speaks with Tim McCourt, the Global Head of Equity Index and Alternative Investment Products at CME Grou...
SI11: Why hire a manager when you can DIY your Trend Following?
26 Nov 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
TTU109: Risk Mitigation Whilst Trading Exotic Markets ft. Doug Greenig of Florin Court Capital – 2of2
21 Nov 2018
Contributed by Lukas
Moritz Seibert and I continue our conversation with Doug Greenig, talking about the many different ways risk can manifest in your firm, how best to mi...
SI10: How to set your Stop-Loss and Size your Positions?
17 Nov 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
TTU108: Big Opportunities in Exotic Markets? ft. Doug Greenig of Florin Court Capital – 1of2
15 Nov 2018
Contributed by Lukas
Today I’m joined by my co-host Moritz Seibert to speak with Doug Greenig, the Founder, CEO, and CIO at Florin Court Capital. Doug’s early experien...
SI09: What really makes a Trend Follower a Trend Follower?
12 Nov 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO08: How to really Define Risk
07 Nov 2018
Contributed by Lukas
During a conversation I had with expert Bill Dreiss, we discussed many topics, all with great value. One part in particular I found really interesting...
SI08: How to tell if you system has stopped working?
05 Nov 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO07: Cold Turtle Takeaways
31 Oct 2018
Contributed by Lukas
It’s not often you get to sit down with a Turtle, let alone the father of the Turtle Experiment, and when I do I find it fascinating learning a...
SI07: What is; alpha, smart beta, implied vol, crisis alpha and convexity?
29 Oct 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
TTU107: The Bright Future of Trend Following ft. Jean Jacques Duhot of Arctic Blue Capital – 2of2
25 Oct 2018
Contributed by Lukas
Moritz Seibert and I continue our conversation with Jean Jacques Duhot and further discuss his contrarian and multi-part model, how his management com...
BO06: Identifying the best trading rules
24 Oct 2018
Contributed by Lukas
In any systematic trading strategy choosing the right combination of parameters for your model or approach is critical. So today, I wanted to sha...
SI06: How to optimize your trading system
20 Oct 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
TTU106: The Value of Being a Contrarian Trader ft. Jean Jacques Duhot of Arctic Blue Capital – 1of2
19 Oct 2018
Contributed by Lukas
Today I’m joined by my co-host Moritz Seibert to speak with Jean Jacques Duhot, the Chief Investment Officer at Arctic Blue Capital. Jean Jacques’...
BO05: The Problems with Smart Beta & the Holy Grail of Investing?
17 Oct 2018
Contributed by Lukas
Kathryn Kaminski and I had the opportunity to sit down with Nigol Koulajian, the founder of Quest Partners, in which he shared his deep insights in ma...
SI05: The Systematic Investor Series – October 15th, 2018
15 Oct 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO04: Return Dispersion and how to successfully trade since 1974
10 Oct 2018
Contributed by Lukas
In today’s post, I would like to share with you some really great moments and unique takeaways from a conversation I had...
SI04: Stanley Druckenmiller interview disected
08 Oct 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO03: How the Turtles got their Name… and are the Rules Relevant Today?
03 Oct 2018
Contributed by Lukas
Today I would like to share some really great and unique takeaways from a conversation I had with the one and only Richard Dennis...
SI03: Should you trade Futures or ETFs?
30 Sep 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO02: The secret to successfully using Machine Learning
26 Sep 2018
Contributed by Lukas
Today I would like to share with you some life lessons and learnings from expert Robert Sinnott, where he shares his in depth knowledge of t...
SI02: Is the popularity of Short Volatility investing hurting Trend Followers?
22 Sep 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
BO01: The Impact of Volatility Trading ft. Nigol Koulajian
18 Sep 2018
Contributed by Lukas
Kathryn Kaminski and I had the opportunity to sit down with Nigol Koulajian, the founder of Quest Partners, in which he shared his wealth of experienc...
SI01: Who we are...and Why we are doing this series
17 Sep 2018
Contributed by Lukas
Welcome to The Systematic Investor series. It’s a great privilege for me to invite you to a behind the scenes conversation between some of my favori...
RT15: Avoiding unrealistic expectations in Crypto ft. Jennifer Sunu, Arthur Bell & JP Bruynes – 2of2
23 Aug 2018
Contributed by Lukas
Today Niels continues his conversation with Jennifer Sunu, who is the director of compliance at the NFA, Arthur Bell, CPA and managing member of Bell ...
RT14: What it takes to set up a CTA business ft. Jennifer Sunu, Arthur Bell & JP Bruynes – 1of2
16 Aug 2018
Contributed by Lukas
On today’s episode Niels Kaastrup-Larsen is joined by Jennifer Sunu, who is the director of compliance at the NFA, Arthur Bell, CPA and managing mem...
TTU105: The Many Flavors of Trend Following ft. Niels Kaastrup-Larsen of DUNN Capital (Europe)
09 Jul 2018
Contributed by Lukas
We’re changing things up on today’s episode of the podcast: we have with us Frank Conway from the Economic Rockstar Podcast interviewing Niel...
TTU104: The Passive & The Active Investor ft. Harold de Boer of Transtrend – 2of2
21 Jun 2018
Contributed by Lukas
Katy Kaminski and I continue our conversation with Harold de Boer, and discuss his philosophy behind pure trend and divergent trading, as well as why ...
TTU103: Trading In The Medium-Term Space ft. Harold de Boer of Transtrend – 1of2
15 Jun 2018
Contributed by Lukas
Harold De Boer is a Managing Director, Member of Management Committee and Member of Board of Directors at Transtrend B.V. Growing up, Harold’s inter...
TTU102: What Institutions have Learnt about Investing ft. Nigol Koulajian of Quest Partners – 2of2
24 May 2018
Contributed by Lukas
Katy Kaminski and I continue our conversation with Nigol Koulajian, and discuss if his strategies of working with, around, and doing the opposite of w...