Summary: "Our asymmetry managed account was made for a very specific type of person. Most of them have the entirety of their portfolio with our firm." - Mike Shell (Tweet)<br> In the second part of our talk with Mike Shell, we delve into the specifics of his program and why most of his clients have 100% of their investments with his firm. He discusses backtesting, risk management, and the differences between purely systematic systems and systems with a discretionary element. Listen in for an inside look at this fascinating firm.<br> <br> Thanks for listening and welcome back Mike Shell.<br> <br> <br> <br> Subscribe on:<br> <br> <br> In This Episode, You'll Learn:<br> <br> How people should look at Mike’s 10 year track record and how his models have evolved over that time.<br> How much of the strategy is machine run and how much is human run.<br> "You’re mathematically able to determine how much should you bet at each position, and how you should define a trend." - Mike Shell (Tweet)<br> <br> What he does when he backtest a system.<br> How he started out as a chartist in the 1990s.<br> What is it that he can’t systematize.<br> "I have 33 systems that I manage and run." - Mike Shell (Tweet)<br> <br> The difference between a trader that is purely systematic and one that has a discretionary element, however small.<br> "It’s rare that I don’t take a signal that is given, because it is systematic, but there are times when I choose to hedge something." - Mike Shell (Tweet)<br> <br> How his investors use his program.<br> What his approach to risk management is and how it plays out with his program.<br> "I only risk a certain amount at a time. If you don’t want to have a 20% drawdown or more, you’re going to have a limit of how much open risk you have on at any given time." - Mike Shell (Tweet)<br> <br> Why he doesn’t take on much short exposure.<br> What’s the biggest challenge with his business right now.<br> How to expand the customer base to investment advisors.<br> What books Mike would recommend.<br> What he’d do differently if he had to start all over today.<br> <br> Resources & Links Mentioned in this Episode:<br> Mike recommends:<br> <br> Technical Analysis of the Financial Markets by John Murphy<br> Market Wizards by Jack Schwager<br> Trend Following by Michael Covel<br> <br> This episode was sponsored by Swiss Financial Services:<br> <br> Connect with Shell Capital Management:<br> Visit the Website: www.asymmetrymanagedaccounts.com<br> <br> E-Mail Shell Capital Management here.<br> <br> Follow Mike Shell on Linkedin<br> "I’m very prepared for whatever is going to happen next. I’m not worried about what the markets are going to do." - Mike Shell (Tweet)
