Top Traders Unplugged13 Nov 2014

TTU44: Buy Low & Sell High: Is It Really That Easy? ft. Mark Whitmore of Whitmore Capital Management – 2of2

In the second part of our conversation with the founder of Whitmore Capital Management, we learn the daily challenges, and lessons learned right from the founder and owner of a fledgling firm. We dive into discussions on risk management, drawdown, attracting outside capital, and much more.

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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 many currencies Mark trades and if he thinks he will trade more in the future.
About how he diversifies his system.
A case study of the Russian Ruble.
His use of charts when looking at currencies.
A discussion of cognitive biases.
How he compares his system to trend following and how the two models can work in harmony.
How he enters and exists a trade using his system.
Why he is an “every end of two weeks” trader.
How much capital he would like his strategy to manage and how much it can feasibly manage.
How he defines risk and manages risk.
How he deals with drawdowns as a fund manager.
What he learns from going through drawdowns.
How he goes about doing research for his strategy without a research team.
How he sees red flags in his strategy and when he has changed his model.
How Mark goes about marketing and getting interest from investors in his strategy and fund.
How he plans to avoid becoming more risk averse as the firm grows.
What he thinks about the “key man” issue and what he is doing to plan for the eventuality of leaving his business to someone else.
How he decided the location of his business.
What the hardest thing will be for him as he tries to grow the business.
What investors should be asking him that they are not.
What it takes to become a great trader in Mark’s view.
What he learned from the baseball card market in the US during his university years.
What he has learned from past failures.
His favorite books and why he recommends them.

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Resources & Links Mentioned in this Episode:

Mark has authored many white papers on currencies, including:
Currency Investing: An Alpha-Rich Environment
How to Invest When Both Stocks and Bonds are Overpriced
The Case for Currencies as an Asset Class Becomes Stronger
Books that Mark mentions and recommends:
Winning The Loser’s Game
The Obstacle is The Way
Economics in One Lesson
The Structure of Scientific Revolutions

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.

Follow Mark Whitmore on Linkedin.

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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

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