SI232: Trend Following the Trend Followers ft. Nick Baltas

Today, Nick Baltas return to the show following a head scratching period for inflation and interest rates the past few weeks. We discuss the state of the environment for trend following and the best way to select a portfolio of markets to trade, the pros and cons of "trend following the trend followers". We also reflect on Katy Kaminski’s take on Crisis Alpha and discuss the evolution of trend following and how it changes the way strategies are designed, why being too concerned about the Sharpe may impact your performance in unexpected ways and why it is important to be aware of your own biases and much more. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or 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 Nick on Twitter . Episode TimeStamps: 02:04 - Market recap 04:21 - Reflecting on the TTU CTA Series 09:10 - What has caught Nick's attention recently? 13:17 - Industry performance update 15:53 - Q1, Adam: Regarding applying systems to markets 23:41 - Q2, Tim: Thought on trend following the trend followers? 30:39 - Q3, Tim: Nick's thoughts on tracking the AUM? 37:19 - Crisis alpha - lost in translation? 49:43 - How trend following has evolved 53:44 - Are we too concerned about the Sharpe? 58:55 - Changing the narrative 01:05:02 - Trend following disagreements 01:07:29 - Thanks for listening 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