Michael Covel talks with Jerry Parker on his second visit to the podcast. Parker is 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.” Among many topics, in a Market Wizards/Charlie Rose interview style, Covel and Parker 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.
It is with great sadness that I report to you the passing of Elizabeth Cheval, the Founder and Chairman of EMC Capital Management. Liz was highly regarded by her peers throughout the managed futures community and recognized as one of the leaders of the industry from its earliest stages.
John C. Krautsack
EMC Capital Management, Inc.
A legendary trader from the Turtles.