Ep. 245: Jerry Parker Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 9 June 2014
⏱️ 27 minutes
🧾️ Download transcript
Summary
My guest today is Jerry Parker, an original Turtle, trained by Richard Dennis. However, since then he has very successfully run a managed money firm called Chesapeake Capital.
The topic is Trend Following.
In this episode of Trend Following Radio we discuss:
- Mean reversion trading
- What the definition of momentum trading is compared to trend following
- Why "good enough" is more rigorous than any metric
- How the intervention of the Fed has broken up trends and made volatility drop in markets
- How the idea of uncertainty and talking in probabilities makes people uncomfortable
- The difference between managed futures and trend following
- Why buy and hold is predicated on trust of the Fed
- Why trend followers don't look to "beat" the market
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. |
| 0:21.1 | I am your host, Michael Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.5 | Today in the podcast, I have Jerry Parker. |
| 0:36.8 | Jerry is an original turtle trained by Rich Dennis. |
| 0:41.6 | But that was a long time ago. |
| 0:42.9 | Since then, he has very successfully run a managed money firm called Chesapeake Capital. |
| 0:51.2 | This is Jerry's third conversation with me on the podcast. |
| 0:55.6 | I hope you enjoy. |
| 1:03.7 | Hey, Jerry. |
| 1:04.8 | It's Mike. |
| 1:06.0 | Mike, how are you? |
| 1:07.5 | I'm doing well. |
| 1:08.4 | How are you doing today? |
| 1:10.1 | I'm doing well. I'm enjoying doing today? I'm doing well. |
| 1:11.3 | I'm enjoying Tampa and all this great weather. |
| 1:14.9 | And I'm a faithful listener of all your podcast. |
| 1:19.0 | Are they getting better? |
| 1:20.5 | Are they getting worse? |
| 1:22.8 | I mean, you have a great guest and you have a great passion for your subject. |
... |
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