Trading with The Trend

ubba welcomes Michael Melissinos

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Today on The Bubba Show, Bubba welcomes Michael Melissinos from MelissinosTrading.com Michael is a commodities trading adviser using a trend following system. Michael and Bubba talk about the one thing no investor wants to hear, the word drawdown. Michael states that’s part of the business and you must learn that before you can enjoy success.

Michael is from the same school as Bubba, meaning that they will trade any market as long as it’s liquid and a valid trend can be found. Trading with the trend is a long process that creates results, but takes patience and discipline to find and then manage. Michael talks about an oil trade that lasted over 2 years.

Bubba talks to Michael about the types of investors he is looking for and if he has minimums. Michael explains he runs a fund and manages individuals. The funds are easier to meet because they are put in a pool making the requirement much less. Michael talks about the diligence it takes to be a good money manager.

Trading under any circumstances requires discipline and patience, Michael talks about his methods for finding and entering trades. Bubba talks about the different futures and commodity products and how they are all the same when liquid.