Why a Long Term Trading System is Best | with Scot Billington
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- čas přidán 10. 02. 2017
- Our next guest takes a mechanical, long-term trend approach to trading to a new level, and you’ll find out why he thinks it is the better option in this episode.
He started Covenant Capital with his business partner in 1999 and has grown it into a profitable boutique firm.
But in early 2002 after they ended the previous year down 20%, they really had to grind it out and stick to their guns which ultimately paid off in a big way.
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You can check out the all of the notes and full transcript of this episode right here:
www.toptradersunplugged.com/sc...
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In This Episode, You’ll Learn:
How Scot started his firm, doing the testing by hand.
The difference between a discretionary model and a mechanical model and why Scot chose a mechanical one.
How narrative bias can affect a trader’s decisions.
What made Scot believe in his model and stick to his guns.
The pitfalls of investing in shorter term models and not allowing managers to see a full cycles with markets.
Why most allocators and investors are chasing 24-month returns on stocks and why that may not be the right approach.
About different types of CTA firms, including boutiques, battleships, emerging, and experimental.
What to look for in a CTA.
How to get investors to share the long-term horizon with his firm when certain markets do very well in the short term.
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Excellent talk.
I trade from the longer term view too. A lot less stressful way to make consistent money.
I keep coming back to this one. There are some timeless tips in here for all traders.
A Master class. Thanks for bringing Scott and his expertise. This is a unique class which won't be found elsewhere.
this is the best class to take, not a 2000$ guru class
Thanks so much Santiago :)
The host really should let the guest talk without saying "right", "sure", "un huh", etc. It's super distracting. Otherwise, love the content!
Thank you for asking the origin questions. It's nice to hear how things started and developed. I'd like to hear more questions about the time frames they choose for their models. Thanks again for such a great channel
Sure thing!
Thank you again. I get the same feeling when listening to your interviews as when I'm reading the Market Wizards books. @@TopTradersUnplugged
Another great one. Cheers 🍻
This is the holy grail
anyone ? no mention of entry exit for long trend what are two parameters ,no more fees
I have been trading for about 6 years and have been trying Long term forex trading for about a year. I do very well out of it because I win more trades than I lose and I win more money in my wins than I lose in my losses. There is one very serious problem though, The ROLLOVER or OVERNIGHT fees are crippling my account, I have made no actual money because the overnight fees are non stop sucking all my profits away...it is an impossible situation. Please explain how you do so well with these relentless overnight fees every single day? Thank you.
Mechnical > all
20 mins in and this is quite dull...