TTU72: Adding Value to Your System ft. Mike Shell of Shell Capital Management – 2of2

In the second part of our talk with Mike Shell, we delve into the specifics of his program and why most of his clients have 100% of their investments with his firm. He discusses backtesting, risk management, and the differences between purely systematic systems and systems with a discretionary element. Listen in for an inside look at this fascinating firm.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

In This Episode, You’ll Learn:

• How people should look at Mike’s 10 year track record and how his models have evolved over that time.
• How much of the strategy is machine run and how much is human run.
• What he does when he backtest a system.
• How he started out as a chartist in the 1990s.
• What is it that he can’t systematize.
• The difference between a trader that is purely systematic and one that has a discretionary element, however small.
• How his investors use his program.
• What his approach to risk management is and how it plays out with his program.
• Why he doesn’t take on much short exposure.
• What’s the biggest challenge with his business right now.
• How to expand the customer base to investment advisors.
• What books Mike would recommend.
• What he’d do differently if he had to start all over today.

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Resources & Links Mentioned in this Episode

• Technical Analysis of the Financial Markets by John Murphy
• Market Wizards by Jack Schwager
• Trend Following by Michael Covel

Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

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