Subscribe now and watch my free trend following VIDEO.

“To Bankrupt a Fool, Give Him Information”

Great Tweet and link from Jerry Parker:

The headline from:

Nassim Taleb
Nassim Taleb

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.

Lever Carefully and Wait for Stops


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.

Ep. 245: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

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

Listen to this episode:

Jump in!

jerry parker chesapeake capital

Trade Like A Trend Following Shark

Jerry Parker writes in:

What makes trend followers so great is their uncompromising approach to life: They’re mean, they’re hungry, and they’re coming at you. There’s a refreshing obviousness about the entire species; they pull no punches, they spring no surprises. They are what they are.

Parker passed this article on:

If everybody seems pretty depressed this week, there’s an obvious reason for it: Shark Week just ended. Shark Week, an annual bonanza provided by Discovery Channel, is insanely popular, generating amazing ratings year after year. Almost 29 million people watched it last week during prime-time hours. That’s 29 million. And why not? Sharks unite people of all races, creeds and political stripes, because everyone, even libertarians, are scared of sharks, and TV shows about the daunting creatures unite the nation emotionally. By contrast, a lot of people think meth dealers (“Breaking Bad”) and serial killers (Dexter, Hannibal) are role models. What makes sharks so great is their uncompromising approach to life: They’re mean, they’re hungry, and they’re coming at you. There’s a refreshing obviousness about the entire species; they pull no punches, they spring no surprises. They are what they are. People just love this annual celebration of the dorsally challenging, and when Shark Week is over you can feel the spirit of the American people sag. It means that the summer itself is winding down. Even the sharks are closing up shop. What a massive downer. Shark Week comes but once a year—this season with a “dramatized” documentary about a monstrously huge shark called Megalodon—and for the other 51 weeks we are on our own. I don’t understand this. If the public is so fixated on sharks, why isn’t there a Shark Spring Break? Why isn’t there at least a Shark Week every quarter? Why isn’t there a Shark Christmas Special? Or an All-Shark President’s Weekend? What other type of programming could be so breathtakingly popular, yet only get broadcast once a year? Pro Football Week? Nascar Week? “The Daily Show” Week? And don’t tell me there are only a finite number of programs about sharks out there, or that the public would eventually turn away if the airwaves were glutted with shows devoted to the tigers of the deep. Don’t be ridiculous. The very concept of Shark Week raises interesting questions about TV programming in general. Why is it always sharks that have to man the barricades? Why don’t rabid lemurs ever get into the act? Why can’t spotted hyenas ever step into the breach? Hey, you pumas out there. Hey, boa constrictors. Put on your game face and suit up. Admittedly, Spotted Hyena Week does not have the same ring. Much of the problem lies with the personalities and public profile of the planet’s other species. Whales are just not scary, except killer whales, which are actually dolphins—and that ruins everything, terror-wise. Bears are only intermittently scary; even the ferocious ones look kind of cute. Tigers are scary, but people like and admire tigers, while they hate sharks. Same deal with lions. Anacondas are scary, but you are not going to get eaten alive by an anaconda in the Long Island Sound or off the coast of Malibu. As for dogs, cats, cows, robin redbreasts, Shetland ponies? Forget it. Feral Cat Week has some appeal, as do Killer Gibbons and Jailbreak Chimps. But a whole week devoted to those animals’ exploits? I don’t think so. I am not telling Discovery Channel how to run its business. Actually, I am. Television is a zero-sum proposition. If there were more shows about sharks all year round there would be fewer series about klutzes auditioning for doomed Broadway productions, fewer talk shows, and far fewer programs in which people who can’t sing get to decide the fates of people who can’t dance. If there were Sunday morning gabfests like “Face the Shark Nation” or “Meet The Shark,” people might actually tune into those shows. A step in the right direction might be incorporating some shark material into otherwise humdrum programming: “The PBS NewsHour + Sharks,” “Conan & Sharks,” the National Hockey League Game of the Shark Week. I’m not saying it would boost viewership for every show with minuscule ratings. But it would be a step in the right direction.

Nice.


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.

Ep. 148: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

My guest today is Jerry Parker, a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel’s book “The Complete TurtleTrader.”

The topic is Trend Following.

In this episode of Trend Following Radio we discuss:

  • Fitness
  • The Hindenburg “omen”
  • Objective entry/exit criteria
  • Why you’d stay in a long position that you wouldn’t want to enter into today
  • The “oversleeping” hypothetical
  • The idea that reducing volatility increases risk
  • Definitions of volatility and risk
  • Parker’s thoughts on trend followers not really having drawdowns in the typical sense
  • “Managed futures” and why investors may not want that vs. “trend following”
  • Definitions of “managed futures” and “trend following”
  • Why managed futures isn’t a good term for some

Listen to this episode:

Jump in!

Ep. 116: Jerry Parker Interview with Michael Covel on Trend Following Radio

Jerry Parker
Jerry Parker

My guest today is Jerry Parker. In 1983, Parker was accepted into the Turtle Program, a select investment training program developed by successful Chicago portfolio manager Richard Dennis. He appears in Covel’s “The Complete TurtleTrader” and has been the most successful TurtleTrader. Parker founded Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988.

The topic is Trend Following. 

In this episode of Trend Following Radio we discuss:

  • Mistake of combining different strategies with trend following, and the importance of having a concentrated strategy that you can rely on
  • How discretionary moves can get in the way of your system, and “systematized discretion”
  • The psychological effect of following a trend following strategy for decades
  • The idea of going for positive expected value over what’s least risky
  • Why Parker doesn’t like to use the term “managed futures”, and why it doesn’t really tell the story of trend followers
  • Trend followers performing well at different points in time compared to long-only
  • Using trend following as another strategy for investors who only invest through a long-only value-based system
  • The importance of not letting your views on politics and society influence your trading, and maintaining a systematic and disciplined approach
  • The growth of news media since 1984, information overflow, limiting your variables, and using price as your primary indicator
  • How Parker has learned over the years to deal with drawdowns, loving your losses, and the importance the Turtle program played in his education on drawdowns
  • Why governments are the ultimate counter-trend traders
  • Why buy and hold is not a good place to be even if people are saying it’s turned around
  • Parker’s stock-only trend following program, and why the diversified program will do better than the stock-only system
  • Leverage as a tool

Listen to this episode:

Jump in!

The Turtle Jerry Parker is Very Close to Gisele Bundchen

The NY Post report on Jerry Parker Net Worth

Staunch Republican R. Jerry Parker Jr., whose Virginia-based Chesapeake Capital Corp. manages more than $1.5 billion, is the new owner of Gisele Bundchen’s Barrow Street townhouse. Parker paid $12.95 million for the house — $1 million less than its asking price, reports The Post’s Jennifer Gould Keil. Parker got his start in the secretive “Turtle Program” of 1983, when trader Richard Dennis sought to prove that great trading was a skill that could be taught. Dennis, just back from Asia, boasted, “We are going to grow traders just like they grow turtles in Singapore.”

Turtle man Jerry Parker of chesapeake has plenty of dollars
Just how much money do the most successful Turtles have? Image by Donald West CC.

Jerry Parker, hands down the most successful Turtle trained by Dennis, is profiled in my book. Find out more about my Turtle Trading Book Here.


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.