Ep. 595: Jerry Parker Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 6 October 2017

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. He has had unbelievable success over his four decade career. Jerry has a straightforward way of breaking down how trend following works.

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

Diversification
Becoming an expert in all markets
Risk aversion
Why the idea of “simple” works
Fall targeting
Buying markets on the cheap
Learning from experts

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

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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, not filtered, raw, honest.
0:27.4	That's my passion.
0:33.2	My guest today, Jerry Parker, one of the original Turtle Traders trained by Richard Dennis.
0:39.5	For those of you, they draw a blank when I say that.
0:44.2	You say, I don't know what that means, Mike.
0:46.1	You are speaking Morse code, some type of language that disappeared eons ago.
0:53.1	That means you have not yet read my second book, The Complete Turtle Trader.
0:58.3	Pick that book up immediately.
1:00.8	Yes, it's not going to break the bank or anything.
1:03.4	It is the true story, absolutely true.
1:07.5	A freaking Wall Street legend story of brand new, essentially no experience students,
1:17.7	I don't know, ages 18 to late 30s, taken off the street, given rules by one of the most
1:25.0	successful traders of all time, Richard Dennis, given rules and said to
1:30.0	those students, take these rules, and they were trend following rules, take these rules, go
1:34.6	trade, and let's see what happens. Well, they made a lot of money. These rules, these foundational
1:41.5	trend following rules that the turtle traders learned, Turtle was a
1:47.1	nickname.
1:49.3	Trend following.
1:50.8	Just trend following.
1:52.6	The base strategy that every type of trend following trader you can imagine would use to this
	...

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