Aug 8, 2013
My guest today is Jon Boorman, CMT, a market technician, analyst, and trader with 25 years of experience in global equity, FOREX, and futures markets. Boorman employs trend following and momentum strategies to generate actionable trade ideas. Boorman has been with many big firms in the past 25 years, but now works on his own outside of the infrastructure of the big investment banks and brokerage firms.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- What it was like working within the big firms
- Boorman's beginnings and how he found his way to where he is today
- What advice Boorman would have for newcomers, and whether the training Boorman went through is still relevant to up-and-comers today
- How regardless of your access, success comes down to the individual
- Price-based trend following vs. other technical analysis
- Boorman's early "a-ha" moments towards trend following
- Trend following complexity, and why it can be "simple, but not easy"
- Trading your own personality
- Van Tharp, risk management and position sizing
- Trend predicting vs. trend following
- The fantasy of calling tops and bottoms
- Why the major media outlets don't give trend following proper coverage, and why trend followers don't make good "copy"
- Mistaken emphasis on entries rather than exits
- The idea that Boorman "no longer having a need to be right" after he left Lehman Brothers
- Alpha capture
- Acceptance of trend following amongst the larger financial community
- Understanding the legendary trend following traders such as Bill Dunn and Jerry Parker
Jump in!
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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
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