Ep. 323: Jerry Parker Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 2 March 2015
⏱️ 45 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:
- Series of tweets written by Parker and use them as a jumping-off point for conversation. Topics include price action, "normal" market behavior
- Recent moves in the Swiss Franc
- Paying attention to entries as well as exits
- Why investors are often their own worst enemy
- The first moment that Parker heard about price-based trading
- Becoming obsessed with asymmetrical risk and reward
- Why looking at trend following losses is important
- Why you can tell a system is robust if it has big drawdowns
- Backtesting and treating all trades with equal weight
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 Covel. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:32.6 | One of my most recent podcast episodes with John Borman, |
| 0:36.6 | I talked about Jerry Parker. Well, I should |
| 0:39.1 | say that I think John brought up Jerry Parker, and we both talked about our experiences in knowing |
| 0:44.0 | Jerry, meeting Jerry, getting to know Jerry a little from up close and afar. And I talked |
| 0:51.2 | about Jerry's Twitter feed. And so I was going to have Jerry on my show again, I think, for the third or fourth time. |
| 0:57.6 | And so to prepare for the episode today, my interview, my conversation with Jerry Parker, I went to his Twitter feed because he has some fantastic one-liners on trend following. |
| 1:09.2 | Literally, it was one of the easiest preparations for an interview. |
| 1:14.2 | Now, easy because I've done years and years of homework to understand where Jerry's coming from, |
| 1:19.0 | his one-liners, I know exactly where he's at, I can get him to expand on it. So it's easy, |
| 1:24.4 | for me, it might not be easy, and I'm not trying to brag or anything like that I'm |
| 1:29.0 | just saying it was an easy preparation a fun easy preparation Jerry Parker's Twitter feed |
| 1:35.7 | subscribe if you want confirmation confidence insights from someone who has done it for a very |
| 1:43.1 | long time all the way back to his very early turtle days. |
| 1:48.4 | And as a side note, Jerry is featured in my book The Complete Turtle Trader as one of the |
| 1:52.4 | original turtles trained by Richard Dennis and Bill Eckhart. |
| 1:57.0 | What follows today is my most recent conversation with Jerry Parker. |
| 2:01.5 | I hope you enjoy it. |
... |
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