Aug 28, 2015
Today’s guest is Mark Sleeman of MS
Capital Management. Mark is a self-taught trend following trader
who’s been trading since the late 80s.
Michael Covel asks Mark about the
road that led him to trend following and his early experiences as
an trader. Mark talks about how, in the beginning, he was only
looking for a way to make money. But with his engineering
background, when he happened upon systems trading, everything fell
into place. So confident was Mark in both his system and his own
abilities, in fact, that he was willing to sell his house to get
started (to raise trading capital).
Mark points out that investing based
on “bottoms and tops” alone is pointless since no one can predict
where the market will turn. The key to smart investing is a
diversified portfolio that can sustain small losses long enough to
catch those big wins. Trend following is the only proven system
with decades of empirical data to back it up, and it’s the only way
to trade if you want to become a long term survivor.
Other areas of discussion include
the psychology of trading, understanding that patience doesn’t come
naturally (has to be learned), and the importance of maintaining a
life outside the markets.
In this episode of Trend Following
The fallacy of “buy low, sell
The psychology of
Keeping your losses
The importance of maintaining a
Focusing on the strategy, not the
Understanding that patience has to
Want a FREE Trend Following DVD?
Get it here.