SI124: Why smart people often struggle with systematic investing ft. Jerry Parker

Top Traders Unplugged

Niels Kaastrup-Larsen

Business, Business News, Investing, News

4.8 • 670 Ratings

🗓️ 24 January 2021

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Turtle Trading legend Jerry Parker joins us today to discuss why smart people often struggle with systematic investing, the benefits of non-predictive investment strategies, what changes Jerry would make to Richard Dennis and William Eckhart’s original Turtle Trading rules, why predefined trade exits are good for your mind-state, why Trend Following strategies are so suited to unexpected market events, the importance of sticking to the core principles when applying a Trend Following system, whether Trend Following traders should have learned anything from the markets in 2020, why you should take as little as possible from a backtest, and what having a robust portfolio actually means.

Also check out my interview with Turtle Trading legendary mentor Richard Dennis here.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

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And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to [email protected]

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Follow Jerry on Twitter.

Episode TimeStamps:

00:00 – Intro

01:41 – Macro recap from Niels

03:54 – Weekly review of performance

52:18 – Q1; Zack: Are there any known Trend Following strategies that increase position sizes as volatility increases?

57:55 – Benchmark performance update

01:21:21 – Recommended listening or reading this week: Paul Singer on the End Game Podcast with Grant Williams,

Transcript

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0:00.0	You're about to join Jerry Parker, Maritz Seabert, and Nealz Kostrup Larson on their raw and honest journey into the world of systematic investing and learn about the most dependable and consistent yet often overlooked investment strategy.
0:15.1	Welcome to the Systematic Investor podcast series.
0:22.8	Welcome and welcome back to this week's edition of the Systematic Investor series with
0:26.7	Jerry Parker and me, Niels Castro-Larsen, where each week we take the pulse of the global
0:30.7	market through the lens of a rules-based investor.
0:34.2	Now, for those of you who are regular listeners, our conversations are intended to keep you
0:38.3	focused and inspired to continue your rules-based investment journey. And if you're new to the show,
0:43.4	we hope that today's episode will trigger your curiosity to check out the back catalog and listen to
0:48.8	past episodes that you may have missed, like last week's episode that I did with Moritz, where
0:53.9	we dived into
0:54.8	some interesting topics when it comes to trend following system design, and also we did cover
1:01.4	a little bit of Bitcoin, as we normally do when Moritz is on. Jerry, great to have you back
1:07.1	in the new year. How are you doing? How are things where you are? Things are great here in
1:11.3	Florida. It's not as warm as I'd hope. It's a little early. We've woken up Petey, the cockatiel.
1:18.1	Apologies to Petey. But I'm glad to be back on and I've missed you guys. And the podcast was
1:25.0	amazing last week. It's the first thing I do Sunday morning or Monday morning,
1:29.2	try to find the podcast and see what's going on
1:31.6	and really been enjoying it.
1:33.5	It's at a higher level.
1:36.0	We've definitely improved.
1:37.7	We improve with age, I guess, just like wine.
1:41.1	Anyways, in terms of the week as such,
	...

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