Top Traders Unplugged23 Loka 2024

OI10: The Untold Side of the Turtle Trading Legacy ft. Bill Eckhardt & Rob Sorrentino

In his first podcast episode ever, Bill Eckhardt emphasizes that successful trading hinges more on risk control than on predicting market movements, a theme that resonates throughout his conversation with Moritz Siebert and Rob Sorrentino. The episode explores Eckhardt's journey from the renowned Turtle trading experiment to his current systematic trading strategies at Eckhardt Trading Company. The conversation provides insights into the evolution of trading strategies, the importance of maintaining emotional discipline, and the necessity of adapting to changing market conditions. The discussion also delves into the challenges of overfitting in trading models and the significant role that robust statistical methods play in managing risk. With anecdotes about the unique characteristics of traders and the importance of maintaining a diversified portfolio, this episode offers a fascinating look into the mind of a trading legend and the principles that guide his enduring success.

-----

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

-----

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

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Learn more about Eckhardt Trading Company here.

Follow Moritz on Linkedin.

Episode TimeStamps:

02:30 - Introduction

03:59 - Eckhardt's relationship to Richard Dennis

06:34 - Can trading be taught?

08:50 - The story behind the trading rules

12:32 - What characterises Eckhardt Trading?

13:44 - How did their perception of risk change over the years?

22:01 - Why they focus on short term trading

27:25 - How they use volatility in their trading

32:49 - Do they utilize other methods than trend following?

34:05 - Why do they avoid trade summary statistics?

40:26 - How they control overfitting and underfitting

45:37 - How they use "the gauntlet" to test systems

49:12 - How many markets do they trade and why?

53:57 - Why they don't trade single stocks

56:28 - Their view on replication strategies

01:05:23 - Evaluating the success of systems

01:08:02 - What are the most important things to avoid when designing trend following systems?

01:08:47 - The future of trend following

01:11:11 - Criticise ideas, not people

----

PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(929)

SI352: Trend Systems Under Strain ft. Nick Baltas

Nick Baltas is back with Niels for a conversation that sits at the intersection of technology, uncertainty, and discipline. As AI-generated data floods the system and market reversals grow sharper, th...

14 Kesä 20251h 3min

UGO03: This Isn’t 2008. That’s the Problem ft. Benn Eifert

Back on the Cboe floor, Cem Karsan sits down with Benn Eifert to trace the fault lines shaping today’s volatility regime. They dig into why market structure, not just macro, is driving outcomes... fro...

11 Kesä 202545min

SI351: The Two Tribes of Trend ft. Richard Brennan

As trend followers push through one of the toughest environments in years, Rich and Niels unpack what’s actually driving the pain. They draw a sharp line between two camps in the industry - those who ...

7 Kesä 20251h 8min

OI16: Return Stacking: Form, Function & Friction ft. Corey Hoffstein and Adam Butler

Corey Hoffstein and Adam Butler joins to unpack the mechanics of stacking returns inside an ETF — not as a branding exercise, but as a way to navigate the hard constraints of scale, structure, and inv...

4 Kesä 20251h 6min

SI350: Why All Roads Lead to Higher Yields ft. Alan Dunne

Why are markets still priced as if the old world is coming back? Alan Dunne and Niels Kaastrup-Larsen examine the case for structurally higher yields — not as a risk, but as the regime. Drawing from A...

31 Touko 20251h 4min

IL39: Is Trump Making Europe Great Again? ft. Koen De Leus & Philippe Gijsels

We're diving deep into some serious discussions about the shifting dynamics in Europe, particularly how the political landscape, especially with Trump's influence, is shaking things up. Economists Koe...

28 Touko 202555min

SI349: Navigating the Age of Uncertainty with Trend Following ft. Mark Rzepczynski

In this episode, Niels and Mark Rzepczynski examine a market where the usual relationships have broken down. Bonds offer no shelter, volatility moves without conviction, and political intervention kee...

24 Touko 20251h 6min

GM82: The Surprising Success of the U.S. Economy ft. Elroy Dimson & Kiran Ganesh

America's recent economic performance has been a surprise, as it's managed to outperform many other markets over the last quarter century. We review the insights from the Global Investment Returns Yea...

21 Touko 20251h 3min