Jun 9, 2014
Michael Covel talks with Jerry Parker on his third visit to the podcast. Parker is an original Turtle, trained by Richard Dennis. However, since then he has very successfully run a managed money firm called Chesapeake Capital. Covel and Parker 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; and why trend followers don’t look to “beat” the market. Want a free trend following DVD? Go to trendfollowing.com/win.
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
Hope you enjoy my never-ending podcast conversation!