"This game is a number’s game, you are losing a lot and winning bigger sometimes." - Katy Kaminski (Tweet)
In This Episode, You'll Learn:
- The history of trend-following
"Trend following is not going to go away anytime soon." - Roberto Osorio (Tweet)
- The phenomenon of momentum
- When the concept of trend following that we know today came about
- Why Katy & Alex gathered data from hundreds of years ago
- Katy talks about their book on Trend Following
- Why markets are not getting more efficient
"In trend following, you are trying to capture divergence, movements across markets." - Katy Kaminski (Tweet)
- Why the edge in Trend Following is "knowing what you don’t know"
- How long it took for Alex to start believing in trend following
- Roberto’s first exposure to trend following
- Why humility is necessary to practice trend following
"The edge is knowing what we don’t know." - Alex Greyserman (Tweet)
- The importance of taking the human emotion out of the decision process
- Katy’s voodoo finance and heuristics
- Are all CTA’s trend-followers?
"The way you follow a trade after you get in defines whether you are a trend follower or not." - Alex Greyserman (Tweet)
- Alex’s Random Entry System that uses coin flips
- The three decisions that are involved in a trade
- The fact and fiction of how difficult it is to do trend-following
"If liquidity is high like in trend following, I really see every moment as a decision point." - Roberto Osorio (Tweet)
- Why humans suffer from representative bias
- The factor of simplicity when making a trend following system
Resources & Links Mentioned in this Episode:
- Trend Following with Managed Futures: The Search for Crisis Alpha
- Market Wizards
- Tulip mania
- David Ricardo
- Lake Wobegon syndrome
This episode was sponsored by BarclayHedge:

Connect with our guests:
Follow Katy Kaminski on Linkedin
Follow Alex Greyserman on Linkedin
Follow Roberto Osorio on Linkedin
"The three guests represent a combined track record of more than 100 years." - Niels Kaastrup-Larsen (Tweet)
2 Comments
Django
17/05/2016YES YES YES , more of this type of group talk please
Art
14/01/2018I am a Futures day trader and also a trend chaser, I also use momentum to decide when to enter and exit. I use RSI, Momentum and an interesting indicator called Waddah Attar Explosion. This indicator is precise when it comes to entering and exiting as well, it never goes past the top of the trend and depending on the length of its candles determines how strong the trend is. When the RSI and Momentum confirm the uptrend I enter, once the candles begin slowing and odd shapes I get out. Greed is your enemy and taking a loss respectively to getting out early is much preferable versus chasing for the illusive buck is excellent policy. I also use the Moving Average for trend strength. Happy Trading!