Trend Following With Michael Covel

My guest today is William Adams, a private trader and systems developer. He is based in Zurich and works with institutional clients. Adams has over 17 years of experience in financial markets. The topic is trading. In this episode of Trend Following Radio we discuss: If Adams views himself as a trend following trader Why the word futures can be problematic Broad diversification and diversifying on a number of different tiers Risk-based diversification Why making sure you're in the game is the most important factor Why every business is seasonal Why price is the most important aspect to a trade How Adams has (or doesn't have) the "expertise" to trade certain markets Informing your system of various events as a quantitative or systematic trader Thinking about Adams' strategy in the context of evolution Core baskets vs. satellite baskets The adaptive aspect of what Adams does The philosophical and operational aspects of volatility Average true range as a volatility measure Trading to make a return vs. trading a