After speaking with a whole slew of newer CTAs today (or at least new to Attain), we got a chance to catch up with Attain recommended CTA Covenant Capital as Scott England (whose children play basketball with some of the Attain family’s kids, by the way) visited with clients in the Attain office. We found him as engaging as ever, and all too willing to drop some bits of knowledge.

When questioned on what he thought some of the influencing factors in his strategy might be, he pointed out their devotion to controlling transaction costs, by stretching their time frame out as long as possible. In their view, shorter duration trading equals higher costs which in turn makes for a larger hurdle to get over on the way to profitability. By going longer term, they are essentially lowering that bar.

When asked about trend identification, England easily had the best response of the day.

“There is no magic pixie dust for identifying when a new trend is going to start,” he quipped. “But if you focus on facts, you improve your chances of success.”

We’re excited for Covenant, which is opening an official office in Nashville shortly. You can read more about them in our last spotlight on them: https://bit.ly/iLVl0n

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