Jerry Parker returns today to discuss how Trend Following is perfectly suited for both inflationary and deflationary environments, why investors tend to underperform the S&P500 index, how to look at open trade risk & current equity curve, the perils of designing the ‘perfect’ trading system with all the bells & whistles, whether or not it’s a good idea to tighten stop-losses on profitable trades that have risen sharply, why financial media tends to dramatise the impact CTAs have on the markets, and why Trend Following on Bitcoin may be a better option than buy & hold.
Check out our interview with Turtle Trading legends Richard Dennis & Jerry Parker here.
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Check out our Global Macro series here.
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Top Traders Unplugged wins award for ‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast 🏆
0:00 – Intro
1:28 – Macro recap from Niels
3:30 – Weekly review of returns
30:49 – Questions from Antonio: What was Bill & Richard’s performance like before they started the Turtle Trader program? What was Chesapeake’s performance like up until Salem Trading was taken under their wing? What has Trend Following performance been like in the 10 years before 2020? Did Richard Dennis want his Turtles to come up with new ideas? Why did famous Trend Followers stop Trend Following in the 1990s?
59:43 – Q1; Mohjeet: Can you ask Jerry what risk-per-trade he recommends?
1:02:36 – Q2; Peter: Has Jerry ever considered running a new ‘Turtle Trading’ experiment?
1:13:25 – Performance recap
1:14:24 – Recommended listening or reading this week: Dr Andrew Huberman on the Lewis Howes Podcast & Jeremy Grantham on the Meb Faber show