No doubt you've heard the saying "the trend is your friend".
It’s been around for so long I heard Moses was considering it as one of the 10 commandments.
But, if the trend really IS your friend, why can trend trading be so frustratingly difficult sometimes?
The underlying concept is dead simple, so why do even bright people struggle in the markets, and what can the bright and beautiful people like you and I do to make trend trading friendlier?
In this new episode of BST Live, global futures trader Brent Penfold joins us to discuss trend trading tactics, including:
• Why trend trading is so difficult for traders,
• Why traders should be careful using indicators
• How to overcome challenging periods in trend trading
• The surprising robustness of really old strategies
• Why bright people struggle in the markets,
• Drawdown, risk, position-sizing, volatility cycles, data mining, and much more.
► You can discover more from Brent at: www.indextrader.com.au
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** Timestamps **
00:00 Getting started!
02:57 What Brent trades and recent market action
04:45 Why traders should be careful using indicators
13:47 Why trend trading is so difficult for traders
18:00 Why markets do NOT follow a normal distribution
20:12 The surprising robustness of really old strategies
26:34 Why bright people struggle in the markets
29:20 Are strategies edges really eroding over time?
32:55 why do trends exist? Behavourial finance? Path dependency?
34:10 How to overcome challenging periods in trend trading
39:00 The risks of trend trading with smaller accounts
42:38 Selecting a micro-portfolio for trend trading
45:42 Trade dependency and how to leverage it in your favour
47:55 Controlling risk of different positions in a portfolio
50:30 Sizing trades based on market conditions
52:45 Deep drawdowns in trend following and what to do
56:52 Mixing trend and mean reversion in markets
59:33 Volatility cycles
1:02:14 Mixing trend following and mean reversion models
1:05:50 Does trend following work in stocks too
1:07:13 How to select winning strategies for markets
1:09:40 How to learn more from Brent
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Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.