May 19, 2012
Michael Covel talks to trader and educator James Rohrbach. Rohrbach has been trading for 40 years, created his RIX index, and runs an educational service at Investment-Models.com. While he calls himself a "market timer", he's a trend follower. Rohrbach and Covel talk about why buy and hold is dead, and the psychology behind people desperately clinging onto it. Rohrbach and Covel discuss why - even when buy and hold supplies a winning outcome - it still might not be a good strategy. Further topics include using a 15/30 day crossover as a quick and simple system; why Rohrbach doesn't short; and making sure your feelings don't overrule your process.