013: Hedge fund manager Andreas Clenow discusses trend following in stocks. [AUDIO ONLY]

Andreas Clenow is a hedge fund manager who specialises in developing and trading quantitative strategies across all asset classes.
Before joining the hedge fund world by establishing his own hedge fund he maintained Global Head positions at Reuters and Equis International.
He is the author of two books, the first being international best seller ‘Following the Trend’ and the second ‘Stocks on the Move’ has just been released.
In this episode Andreas talks about trend following in stocks, why traditional approaches don't work and what you can do to account for this. We also talk about trading concepts, cash vs risk allocation, position rebalancing and building robust strategies.
Topics discussed
- The origins of trend following and why a traditional trend following approach doesn't work on stocks
- Why it’s a bad idea to think in terms of cash allocation and the solution
- Position rebalancing, why, how and when
- How hedge funds look at position sizing compared to retail traders
- Why pyramiding positions doesn't make sense
- How to get a more realistic understanding of performance results than just a backtest report can provide
- How a random number generator can beat the mutual funds
- How to ensure you strategies are robust and not curve-fit
- Handling large losses or periods of drawdown
- The role of critical thinking in trading
-uploaded in HD at www.TunesToTube.com
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Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

[@aksaks2338]

Really a thought provoking podcast, loved it. Thanks a lot BST for making such valuable content out for individual traders. Thanks a lot and keep going and inspiring us!

[@BetterSystemTraderPodcast]

Glad you liked it!

[@navketan1965]

FOR SWING TRADING FOREX--Any trend reversal first starts on lower time frames.Say market is coming down on D1,4H,1H, time frames.Now on 5 minute chart market starts making higher high higher lows--obviously 5 M trend can go up in smoke quite easily--so I would think that it would be prudent to confirm first that trend has ALSO changed on 15M chart(higher highs higher lows) before buying & confirm it by checking that RSI 5 has moved above 50 on 15 M chart as well.We seek your wisdom & experience.

[@stephen918]

Excellent trading podcast's!

[@BetterSystemTraderPodcast]

Glad you like them!

[@suxxa]

great interview, his book is also really recommendable. at the end he talked about a book whose name i didn't understand, i only understood "byside". do you remember which book he was talking about? great work, keep up the good work! :)

[@BetterSystemTraderPodcast]

glad you liked it suxxa - book is listed on the website: bettersystemtrader.com/013