Ep. 148: Jerry Parker Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 16 August 2013

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel's book "The Complete TurtleTrader."

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Fitness
The Hindenburg "omen"
Objective entry/exit criteria
Why you'd stay in a long position that you wouldn't want to enter into today
The "oversleeping" hypothetical
The idea that reducing volatility increases risk
Definitions of volatility and risk
Parker's thoughts on trend followers not really having drawdowns in the typical sense
"Managed futures" and why investors may not want that vs. "trend following"
Definitions of "managed futures" and "trend following"
Why managed futures isn't a good term for some

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Cobell.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:33.0	Today on the show I have Jerry Parker.
0:35.7	Jerry Parker is the president of Chesapeake Capitol.
0:39.3	Jerry was famously featured in my second book, The Complete Turtle Trader.
0:44.4	Awesome story, awesome insights.
0:47.5	Jerry's second appearance on my podcast, and I hope to have him on many times in the future.
0:53.2	Enjoy.
1:01.3	Thank you. to have him on many times in the future. Enjoy. I have an out-of-the-gate question that's that we not discussed, and maybe if it just even works
1:07.5	as a warm-up question for a couple minutes, so we don't have to use it on the podcast.
1:15.3	But, you know, I know you've mentioned on your twitter feed that you're uh you have certain perspectives on fitness and i know you change you changed your physique as an adult male
1:20.5	later on in life pretty dramatically for the better and i'm just curious if you might be willing
1:25.6	to impart a few pearls of wisdom on your fitness lessons.
1:30.7	Wow.
1:31.6	That's a big question.
1:32.5	If we don't want to go there today, you don't have to.
1:35.8	That's definitely a way to get me warmed up and not uptight and nervous.
1:41.7	Well, I guess I woke up when I was like 41 or 42 and just said, today's today.
1:46.3	And so I built a gym at the office.
	...

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