The Meb Faber Show - Better Investing
Michael Melissinos - Mastering the Art of Trend-Following | #534
May 24, 2024
Guest Michael Melissinos, founder of Melissinos Trading, shares insights on trend-following trading strategies, emphasizing removing bias, risk management, and sticking to a system. Topics include market selection, pitfalls of overriding systems, trading during the COVID crash, and the downfall of the 60/40 portfolio. Discusses long term vs short term systems and memorable investments.
41:07
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Quick takeaways
- In trend following, avoid biases and opinions when observing trends and executing trades for successful trading.
- Stay committed to a trend-following strategy by riding winners, cutting losses, and adapting to market trends for long-term success.
Deep dives
The Influence of Trend Following in Investing
Mike Milicino, the founder of Milicino's Trading, discusses his gradual immersion into trend following investing. He shares his journey from a skeptic to a believer in trend following after experiences during the 2007 market crisis at Bear Stearns and Lehman Brothers. Milicino emphasizes the importance of adaptability and risk management in trend following, highlighting the significance of staying in business and learning the skill.
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