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RESOURCE LIBRARY
A collection of our work over the past 15+ years
We enjoy teaching and spreading the word of trend-following. We try to get our message across several different ways — essays, letters, longer form papers, presentations and interviews.
If you read only one thing before a conversation with us, make it this. It explains the portfolio problem we solve, who benefits from this strategy, and what genuine diversification actually looks like in practice — not in theory.
15+
Years live track record
~0
Correlation to S&P 500
25%
EGT’s Internal Capital
Essays
Short thoughts, specifically for investors that are new to trend-following.
The best managers, the ones that last and outperform, don’t sit there trying to figure it all out (the future, that is). They adapt and go with trends wherever they go.
Trend-following doesn’t work by being right all the time. It works by being right when it matters most.
No one can predict the future with any consistency. Markets are simply too complex. Trend-following is about preparing for an uncertain future and have escape plans for every trade.
Losing periods are part of the game, but knowing that is not enough. Work must be done to maintain calm and commitment.
Longer Papers
In-depth topics on trend-following, how it works in real life.
A presentation Mike gave to a group of financial professionals. Building a strategy to look like the past is dangerous, and leaves lots of potential opportunity on the table.
The 80/20 of trend-following’s return profile. Why capturing a few very large winners while accepting frequent small losses is how the strategy works, and why it’s a feature not a bug.
Many people think you need to be able to see the future to make money in the markets. We don’t.
An inside look at the historical path through major drawdowns over 40+ years of trend-following history. What happened, recovery time and what the pattern reveals about the strategy’s dynamics in difficult markets.
Interviews
Why Mike started the firm, the basics of his strategy and lessons he’s learned along the way.
Dec 2025 · 71 min
This conversation dives into trend following as a rule-based way to survive chaotic markets.
May 2024 · 38 min
A deep conversation on process, patience and why systematic beats discretion over the long run. We cover portfolio construction, drawdown psychology and more.
May 2015 · 40 min
An early conversation covering the origins of EGT and Mike’s motivation for ditching Wall Street for trend-following.
If our investing philosophy resonates with you, schedule a conversation with us.
The first conversation is with Mike directly. A real discussion about your portfolio, your goals and whether our strategy fits with you.
Melissinos Trading LLC
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info@melissinostrading.com | +1 (732) 688-2683 | 20 E NY Ave, Beach Haven, NJ 08008
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