Author: Michael Covel

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My guest today is Marsten Parker, a self-taught programmer and trader with 13 years of software industry experience and two decades plus in trading. For the past 20 years, Marsten excelled as an independent systematic securities trader, utilizing his expertise to develop innovative trading-related software. He was featured in Jack Schwager’s Unknown Market Wizards.

The topic is systematic trading.

In this episode of Trend Following Radio we discuss:

• Discretionary vs. systematic trading
• Different trading strategies
• Backtesting
• The career and strategies of Jim Simons
• Trading software and tools
• Misconceptions about short-term trading
• Philosophy of trading
• Life choices and entrepreneurship

Mentions & Resources:

• Marsten Parker
• Unknown Market Wizards by Jack Schwager
• RealTest
• Richard Dennis
• Jim Simons
• Greg Zuckerman

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Jump in!

Feedback in:

Since we live in an uncertain world, I think it makes a lot of sense that the only important information about trade is price. I can say with confidence that trend following, which pursues absolute profit, is the best trade in the world.

木村瀬良

I agree.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Subscribe to Trend Following Radio on iTunes

Please enjoy my monologue Boy Wonder with Michael Covel on Trend Following Radio.

Listen to this episode:

• Listen to this podcast on iTunes. (Please leave a rating!)
• Listen on Spotify.
• Libysn RSS.
• Download as MP3 by right-clicking here and choosing “save as.”
• Free Video.

Want to learn more Trend Following? Watch my video here.

Feedback in:

Hi Michael,

Your quotes from successful traders, like Ed Seykota and John Henry, recently are the most valuable since I only read the written word and do not listen to anyones’ podcasts.

Thank you so much for sharing their insights into the markets.

Ray M.

Welcome.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Hey Mike,

Just a quick note about your monologues that I really enjoy each time!

Also your interview with Bill Dreiss was one of my favorites. Especially when he says this:

“EMH guys (top economists) were unable to beat the market themselves so they decided nobody could beat it either and then came up with the idea that markets were purely random.”

Pure gold!

Cheers,
Francois L.

Thanks.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Hello Michael,

My name is Boris and I’ve been listening to your podcast for a while and appreciate all the hard work and great guests you bring to the show.

I live in CA and before you start assuming things about me living in CA, I’d like to mention that I generally agree with you on most topics you discuss, but your Ukraine comments during your latest episode rubbed me the wrong way.

I immigrated from Odessa, Ukraine in 1996 at the age of 18. I still have friends and family who live there, and I have traveled back several times since I moved to the USA. I believe I understand USSR/Russia/Ukraine history of the 20th century and USA’s involvement in the region during the period. I was wondering what is your reference, experience, knowledge on the topic to have such a strong negative opinion against supporting Ukraine in this evil war with Russia for its physical existence and freedoms we enjoy in the West? I’d like to understand why you think you are an expert on the subject to telegraph your “convincing” rant while asking people to exercise critical thinking? What’s the reason you insult the Ukrainian president for working in the entertainment industry before becoming a president and then referencing Ronald Reagan 5 minutes later?

You are clearly not an expert on the subject and I would appreciate it if you stick to the topics you excel and understand or have a slight knowledge about before delivering a passionate rant. But if you think you are an expert enough, please explain your position more clearly.

Thanks,
Boris G.

America should not have been involved in any war since 1965. You can add up the countries. That’s a very well thought out position.

Note: Declaring some one country evil is not an argument.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Feedback in:

Really enjoyed the Gervais episode and his research around the perils of FOPO.

His three golfer experiment walk-through especially stood out to me.

The parallels to your TF world:

Piggy in the middle – the local pro is lost, stuck midway. It’s the edgies – public pro and weekend hack less prone to FOPO. Classic saying, bulls and bears make money, pigs get slaughtered.

Over personalising / over identifying with a single trade narrative such that even in the light of new data/evidence, find it hard to change your mind (sunk cost, cognitive dissonance etc).

Outcome over process instead of other way round. Irrespective of context (risk reward, social pressures etc), sticking to proper process (infinite long game) supercedes vulnerability of outcome dependency (finite short game) in the moment.

Just think aloud.

Well done.

Gary P.

Thanks.

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How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.