Show notes
Mark Rzepczynski joins us this week to discuss ‘algorithm aversion’ and the science of how ‘model anxiety’ shows investors to be naturally wary of rules-based systems. We also discuss how to evaluate momentum data, how a busy week for market news can still be a quiet week for Trend Followers, the benefits of moving away from ‘peak complexity’ as soon as possible, why having too many filters can expose a trader to large opportunity costs, the optimal percentage amount of risk per trade, as well as portfolio construction versus signal generation and which is more important.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
In this episode, we discuss:
- How behavioural finance leaves investors under-allocated to Trend Following strategies
- How to perceive momentum data
- Why the steady flow of market news often has little value for Trend Followers
- Embracing simplicity
- The need to avoid too many filters in your system
- How much should be risked per trade
-----
Follow Niels on Twitter, LinkedIn, YouTubeor 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 on Twitter.
Episode TimeStamps:
00:00 – Intro
01:49 – A huge thank you to listeners of the show for leaving your 5-star reviews on iTunes
03:02 – Macro recap from Niels
04:48 – Weekly review of performance
11:59 – Q1; James: What are your views on momentum indicators diverging against price action?
24:56 – Q2; Frank: What is your view on the relationship between the stop and the look-back period?
28:52 – Q3; John: Is the 2% rule still a popular and good risk-per-trade today?
35:56 – Q4; Mark: Would you ever not take a trade because it seems so absurd logically?
40:11 – Q5; Frederick: Do you think people are underinvested in CTAs because they want to feel in more ‘in control’ than a systematic approach would allow them to?
45:34 – The calculus of business cycles
48:51 – Narrative ambiguity versus model clarity
50:53 – How to handle depreciating cash
54:04 – The power of weather shocks
58:01 – Do we need inflation futures?
59:58 – Curve play in bonds
01:02:11 – Hayek co-ordination problem and recovery
01:04:57 – Benchmark performance update
01:05:57 – Next week we have Richard Brennan joining us on the show, so send in your questions
Copyright © 2025 – CMC AG – All Rights Reserved
----
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
Privacy Policy
Disclaimer
Our TOPPODCAST Picks 
Stay Connected
