Podcasts about turtletrader

Chapter 1 What's Way of the Turtle Book by Curtis Faith"Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders" is a book written by Curtis Faith. In this book, Faith shares his personal experience as one of the famed "Turtle Traders" who were taught a unique trading system by the renowned trader Richard Dennis. Faith outlines the rules and strategies that were taught to him and his fellow Turtle Traders, and provides insights into their successful trading techniques. The book delves into the psychology of trading, risk management, and the importance of discipline in becoming a profitable trader.Chapter 2 Is Way of the Turtle Book A Good BookThe Way of the Turtle by Curtis Faith is generally regarded as a good book among traders and investors. The book tells the story of how a group of traders, known as the Turtles, were taught a specific system and trading strategies by renowned trader Richard Dennis. The book covers various aspects of trading, including risk management, money management, and psychological aspects.Many readers find the book informative and insightful, as it provides a detailed account of how a successful trading system was developed and implemented. Curtis Faith shares his personal experiences as one of the Turtles, giving readers both a theoretical and practical understanding of the trading concepts discussed.However, it is important to note that the book was published in 2007, and since then, markets and trading techniques have evolved. Some traders feel that the strategies discussed in the book may be outdated or need to be adapted to current market conditions. It is always advisable to complement your learning with up-to-date resources and adapt the concepts to your individual trading style.Overall, if you are interested in learning about the development of a successful trading system and the psychology behind trading, The Way of the Turtle is considered a valuable read.Chapter 3 Way of the Turtle Book by Curtis Faith SummaryThe book "Way of the Turtle" is written by Curtis Faith and is a memoir that outlines his experience as one of the original Turtle Traders. The Turtle Traders were a group of novice traders who were recruited by famous commodity trader Richard Dennis and trained in his proprietary trading system.In the book, Faith describes how he was selected to be part of the Turtle program and the intensive training that he underwent. He explains the underlying principles of the trading strategy, which mainly focused on following trends and using technical analysis to make trading decisions.Faith goes on to discuss the various markets he traded, such as commodities, currencies, and stocks, and shares his ups and downs in the unpredictable world of trading. He explains the key lessons he learned along the way, including the importance of risk management and discipline in trading.Throughout the book, Faith emphasizes the importance of having a systematic approach to trading and sticking to the rules of the trading system. He provides examples of successful trades he made using the Turtle strategy and also shares some of his mistakes and losses.In addition to sharing his personal journey as a Turtle Trader, Faith also delves into the history of the Turtle program and its impact on the trading industry. He explores the controversy surrounding the program and discusses its validity as a profitable trading system.Overall, "Way of the Turtle" provides a comprehensive overview of the Turtle trading program, offering insights into the mindset and techniques of successful traders. It serves as a guide for aspiring traders who are looking to develop their own trading strategies and learn from the experiences of those...

หนังสือ The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires ของ Michael W. Covel - นักลงทุนในตำนานแห่งตลาดโภคภัณฑ์สหรัฐนั่นคือ Richard Dennis แล้วได้ขนานนามว่าเป็น "พระราชาแห่งโบรกเกอร์" - การเทรดของแต่ละคนนั้นแตกต่างกัน มันขึ้นอยู่กับประสบการณ์และทักษะของบุคคลนั้น ๆ ซึ่งเราแค่หาสายที่เราถนัดแล้วเลือกติดตาม - แล้วการปล่อยให้ราคาหุ้นไปถึงจุดที่สูงสุดนั้นเป็นสิ่งที่ยากอย่างยิ่ง แต่อย่างน้อยเราก็ได้เรียนรู้ว่า การเร่งรีบไม่ได้ช่วยให้กำไรเพิ่มขึ้น มันอยู่ที่สายมากกว่า - เราจะไม่ไปชี้วัดผลตอบแทนเฉลี่ย กับสายเทรดอื่น ๆ เพียงเพราะผลตอบแทนมันมากกว่า แต่เราจะต้องรู้กรอบการเทรดของเราว่าอะไรคือสิ่งที่มันสามารถเป็นไปได้จริง - ดูกรอบการลงทุน ไม่ว่าจะเป็นจุดตัดขาดทุน เงินทั้งหมดของทุนที่เรามี เส้นค่าเฉลี่ยที่เราใช้ประจำและแม่นยำในแต่ละช่วงเวลา แล้วสิ่งที่อย่าลืมเลยห้ามสวนกระแสเด็ดขาด

Please enjoy my monologue Second Generation TurtleTrader with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Please enjoy my monologue Second Generation TurtleTrader with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

What do you do when you've already done everything there is to do in trend. Managed billion of dollars: check. One of first to run a trend following mutual fund: check. Trend following on individual equities: check. You push the envelope again, and convince the folks that create ETFs that you actually can pack your fully diversified equities plus futures portfolio into an ETF wrapper.  On this episode of The Derivative, we sit down with the legendary Jerry Parker, a former Turtle Trader who's newest effort is an ETF product called ‘Trend Following Plus Nothing'.   Jerry and Jeff explore a wide range of topics, including whether multi-billion CTAs sold their (trend) souls to get there, just why nobody really tries to trend follow on individual equity names. Seeing a green light when they tell you it can't be done. Jerry also opens up about finding the perfect balance of personal risk and mental fortitude to achieve success in trend following while sharing some personal anecdotes, including his love for pet birds.  Discover the power of trading components instead of an index of components, the impact of Fed limits on trend, and the intricacies of volatility targeting (hint: Jerry doesn't believe in it). We'll also delve into the art of portfolio construction, the virtue of trend following impatience, the true essence of trend following as an inflationary hedge, and so much more — SEND IT. Chapters: 00:00-02:00=Intro 02:01-04:50= No birds allowed on Long Island, NY 04:51-16:38= The journey creating the new ETF needed diversification 16:39-30:02= Replication – what's your limit? Hard=Simple/Simple=Hard 30:03-41:45= Market Makers, Outlier Moves, and what's deserving of your portfolio 41:46-48:50=Embracing the Trend Following philosophy 48:51-01:00:02= The narrow road taken 01:00:03-01:03:29= Trend following+nothing From the episode: The Swiss(Franc) isn't all that neutral – blog post Trend Following Turtle Tails (and Tales) with Jerry Parker - podcast Check out our Trend Following whitepaper! Follow along with Jerry on Twitter @rjparkerjr09 and visit ChesapeakeCapital.com for more information! Don't forget to subscribe to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠The Derivative⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, follow us on Twitter at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@rcmAlts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and our host Jeff at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@AttainCap2⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, or ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ , and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠, and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠sign-up for our blog digest⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠www.rcmalternatives.com/disclaimer

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. His trading career started in 1983 when Richard Dennis hired and trained him. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend following Turtle trading CTAs Hunting outliers How important is trading nowadays Dealing with the smartest people New ETF Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. His trading career started in 1983 when Richard Dennis hired and trained him. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend following Turtle trading CTAs Hunting outliers How important is trading nowadays Dealing with the smartest people New ETF Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

In this episode, we talk Trend Following with Chesapeake Capital founder Jerry Parker. We talk about his participation in Richard Dennis' famous turtle trading program and what he learned from it. We also take a deep dive into trend following and look at the many aspects of running trend following strategies in the real world. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

China reverses course send stocks flying – A massive move... Short Squeezing is the flavor of the month! The Fed does what it was supposed to – but remains hawkish. Michael Covel is our special guest this week. March 2022 - WEBINAR REPLAY Follow @andrewhorowitz Michael Covel searches. He digs. He goes behind the curtain to reveal a state of mind the system doesn‘t want you in. Characterized as “essential” and “required reading,” Covel teaches beginners to seasoned pros how to generate profits with straightforward repeatable rules and is best known for popularizing the controversial trading strategy TREND FOLLOWING. He is the author of six books including the international bestseller, Trend Following and his investigative narrative, TurtleTrader. Trend Following™ Investment Research is a publisher of trend following trading strategies reaching thousands of investors globally. Our unique edge is an extensive network within trend following, behavioral economics and risk management. This allows us to teach decades of outstanding performance. Our approach is to provide customers with a single product requiring no extra purchase. Delivering a comprehensive service of trading systems, risk management strategies and psychological guidelines allows our customers to trade in less than thirty minutes per day.    Follow @Covel Looking for style diversification? More information on the TDI Managed Growth Strategy - https://thedisciplinedinvestor.com/blog/tdi-strategy/ eNVESTOLOGY Info - https://envestology.com/ Friday Pre-Market Run-Down Webinar Registration - https://www.triggercharts.com/webinar-pre-market-rundown-fridays/ Stocks mentioned in this episode: (AAPL), (AMC), (FB), (GME)

The reptiles were brought into China in shipments labeled ‘books, clothing or cosmetics' via a network of underage brokers and couriers. Read the article by Kang Jia, Tang Ailin and Wang Xintong: https://www.caixinglobal.com/2022-02-25/in-depth-extradited-turtle-traders-case-reveals-an-illegal-pet-business-worth-millions-101847123.html Narrated by Sarah Kutulakos. * Are you a big fan of our shows? Then please give our podcast account, China Business Insider, a 5-star rating on Spotify, Apple, or wherever you listen to podcasts!

The reptiles were brought into China in shipments labeled ‘books, clothing or cosmetics' via a network of underage brokers and couriers.Read the article by Kang Jia, Tang Ailin and Wang Xintong: https://www.caixinglobal.com/2022-02-25/in-depth-extradited-turtle-traders-case-reveals-an-illegal-pet-business-worth-millions-101847123.htmlNarrated by Sarah Kutulakos.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Follow on INSTAGRAM FREE WEB CLASS: My Simple Strategy To Profit In Any Market In this exclusive training masterclass, you'll learn: 1. Ethically copy the strategy of a group of traders who made $175 million in only 5 years 2. How to ride and automate the wave so even a 5-year-old could do it 3. My exact system for pinpointing breakout stocks in less than 5 mins Sign up for the web class here before it's taken down I am not a registered financial advisor nor investment professional. Nothing discussed on this podcast should be considered investment advice. I'm just a guy sharing his own personal opinion on stuff.

We're joined today by Moritz Seibert to answer some of the hardest questions in the Turtle Trader entrance exam, as well as discuss the new Bitcoin futures ETF, the drive towards ESG investments and how this affects global supply chains, the years' top performers so far in our Trend Following systems, whether we can predict if a winning streak is about to end, why Bitcoin is often compared to gold, and whether crypto assets are more suited to shorter-term strategies. In this episode, we discuss: The hardest questions in the Turtle Trading entrance exam The SECs' approval of the first-ever Bitcoin futures ETF How the move toward sustainable investments is affecting current supply chains Our best performing assets of the year so far How Bitcoin compares to Gold and if this is a fair comparison Which timeframe of Trend Following is best suited for crypto Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Moritz on https://twitter.com/moritzseibert (Twitter). IT's TRUE

Jerry Parker joins us for a very special episode today, where we invite him to answer the original interview questions from Richard Dennis's famous Turtle Trader program. This is a fascinating insight into the world of Trend Following, and one which allows us to see whether Jerry has changed his opinions since working Richard Dennis, as well as explain some of his reasons for the answers chosen today. We've posted the questions in the timestamps below, so feel free to take the test and compare your answers to Jerry's. Also check out my interview with Turtle Trading legendary mentor Richard Dennis https://www.youtube.com/watch?v=94nUnXsYpLY (here). In this episode, we discuss: Favouring long or short positions How you can go broke taking small profits Reasons to ‘fade the fundamentals' The importance of down-time and vacations Whether we can rely on opinions of the crowd System diversification Why you should trade small The questions that Jerry would add to the Turtle Trader test today Avoiding trades due to gaps in price Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Jerry on https://twitter.com/RJParkerJr09 (Twitter). IT's TRUE

What's the difference between a good trader vs a bad trader?In this podcast, we will talk about the character traits of a good trader vs a bad trader. And you will learn about the "Turtle Trader", a famous group of 23 people who made $426 Million trading a simple trading strategy.How did they do it?Watch this video and find out.Recommended Links & Videos:Wheel Strategy Playlist: https://youtube.com/playlist?list=PLB... PowerX Strategy Playlist: https://www.youtube.com/playlist?list...How To Fly Rescue Missions: https://youtu.be/o70hJ53LzDQ

Please enjoy my monologue A TurtleTrader Addendum for 1000 with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

A TurtleTrader Addendum for 1000 with Michael Covel on Trend Following Radio.

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. Jerry brings a pragmatic directness to the show today that will benefit your portfolio, but only if you listen closely and apply his wisdom. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Trend Following 1983 – 2021 Trend Following Principles Trend Following Traders Portfolio and Strategy Outlier Trades Futures Trading Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Jerry Parker is my 1000th episode. He was an original TurtleTrader and was also the most successful TurtleTrader. You can read more about Jerry in my book The Complete TurtleTrader. Jerry brings a pragmatic directness to the show today that will benefit your portfolio, but only if you listen closely and apply his wisdom. Please enjoy this episode with Jerry and stay tuned for episode 2000. Thank you to all of my listeners for your continued loyalty! In this episode of Trend Following Radio: Trend Following 1983 – 2021 Trend Following Principles Trend Following Traders Portfolio and Strategy Outlier Trades Futures Trading

《洗盤之歌》https://youtu.be/ylMLt0cVFzk 在順勢投資的領域當中，一定不能少提的就是我的啟蒙《海龜投資法則》，他開始讓我建立了一個系統化的交易邏輯。有興趣的聽眾，可以回頭去找我們第一季，第135集節目。我必須再次強調，在節目中你可能會聽到，我們說「交易系統」這樣的說法，他未必是一個定義清楚的進出場條件。他更多可能是包含了，進出場條件、停損規則、加碼規則、資金控管等一連串的邏輯。必須說，如果你希望在你的理財生涯中真正有所成長，你不需要買什麼老師的會員，或是花錢買簡訊，你需要的是逐步建立你的交易系統。這件事情你越早做越好，因為隨著時間，以及你個人財務條件的改變，你的交易系統也會跟著逐漸成熟。今天我們跟大家聊聊海龜交易者(TurtleTrader.com)網站創辦人麥可•卡威爾，透過14位頂尖趨勢交易奇才的故事，集結而成的《順勢致富》。 順勢交易者的三大法則 設計自己的交易系統 洗盤之歌 --- Send in a voice message: https://anchor.fm/u694au6bd4u723e/message

Please enjoy my monologue TurtleTrader Philosophy with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

TurtleTrader Philosophy with Michael Covel on Trend Following Radio.

Our guest today is Jerry Parker, Chairman and Chief Executive Officer of Chesapeake Capital and long-time trend-follower.   In this episode we start by going back to Jerry's days as a “Turtle Trader” under Richard Dennis and the lessons he learned from the experience. We walk through some of the keys to trend-following, what 2020 looked like from his point of view, and the benefits of a rules based approach. In a world of Dogecoin and meme stocks, Jerry provides a rational perspective on the markets.   Our local co-hosts today are Chris Cannon, CFA, and Colby Donovan, both of which are board members of CFA Orlando. Please enjoy the episode.  Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL  

In this episode, we talk with Jerry Parker from Chesapeake Capital. Chesapeake has always been a classic trend following CTA. "Trend Following + Nothing" is their firm motto.  Over the years Jerry has focused on adding markets to their portfolio. They were one of the few CTAs to trade single stock futures. They started trading single stocks in the '90s and continue to do so today. They do not trade any stock indices. About 50% of their portfolio is commodities with FX, FI and single stocks making up the balance. They do trade BTC futures. They have added quite a few of the more exotic/less liquid commodities in the past few years: milk, lumber, sunflower seeds, maze, rough rice, palm oil, iron ore, rubber and look forward to trading the commodity markets in China. His philosophy is to trade any and all markets that are liquid and add to their portfolio diversification.    Jerry and I talk about his start as a Turtle Trader.  What is CTA, Managed Futures, Trend Following.  We talk about what he has learned over 4+ decades in the market.  Why he hates vol targeting.  Why discipline and sticking to your plan is the key to life.   I hope you enjoy this conversation with Jerry as much as I did...

Quantable Podcast EP13 : เปิดตำนานเทพเทรดเดอร์ในอดีตที่มีชื่อว่า Turtle trader อ่านในรูปแบบบทความพร้อมภาพประกอบได้ที่ : finno.me/quantable-ep13-sc หรือฟังจาก App Podcast ที่คุณใช้ประจำ Apple podcast finno.me/applepodcast Spotify finno.me/spotify Google podcasts finno.me/googlepodcast Soundcloud finno.me/soundcloud Podbean finno.me/podbean

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. If you would like to leave us a voicemail to play on the show, you can do so here. Check out our Global Macro series here. Learn more about the Trend Barometer here. IT's TRUE

Please enjoy my monologue Trend Following and TurtleTrader with Michael Covel on Trend Following. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Today I present the Preface for my two books Trend Following and TurtleTrader. A great introduction and reminder for the trend following mindset. Dive in.

Legend time. We're hearing straight from the mouth of well-known Turtle Trader – Jerry Parker – on this episode to talk all things trend following. Becoming a leading voice in the alternatives investment and trend following space – Jerry has turned his Turtle Trader experience into a trend following career (perhaps at the expense of some other things in life, as he mentions…) Join us for this talk with Jerry about new remote CTAs, the hidden gem of Tampa, the famous Wall Street Journal ad, what's enough risk to make it work, pet birds, trading components instead of an index of components, fed limits on trend, volatility targeting, portfolio construction, trend following impatience, the lack of power in diversification, and trend following as an inflationary hedge. Chapters: 00:00-01:38 = Intro 01:46-12:12 = Background / Turtle Trading 12:18-23:34 = Diversification 23:41-40:16 = Risks of Trend Following 40:23-1:15:15 = Insight into Chesapeake / Trading Systems 1:15:22-1:22:15 = Favorites Follow along with Jerry on Twitter and LinkedIn and check out the Chesapeake website to learn more. And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, or LinkedIn, and Facebook, and sign-up for our blog digest. Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer

As frequent listeners know, SteadyTrade co-host Tim Bohen is quite the bookworm. He’s explored just about all of the trading books out there, and he knows the good stuff. Today’s guest Michael Covel writes some of the best books about trading out there. Most notably, he’s the author of “The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires” and “Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear, and Black Swan Markets.” Sound familiar? His work has popped up on the show before. Check out Episode 39 and Episode 40 to hear Tim and Stephen’s commentary on the TurtleTrader book and story. In today’s episode, Tim and Michael discuss the books, trading tips, and how to work on improving all the time. You’re bound to be inspired by this discussion — don’t miss it!

PreMarket Prep is a live trading talk show that airs weekdays from 8-9 am ET on YouTube as well as http://premarket.benzinga.com/pre-market-show/ Check out our chat rooms to get your questions answered on the show! We pride ourselves on being the best source of premarket trading strategy, and we feature some of Wall Street’s best traders as guests. On today’s show, we discuss…. - Earnings from NFLX, JNJ, and more - TSLA and SPCE going to the moon - A change to the closing auction process Featured Guests: Jerry Parker, Chairman and CEO of Chesapeake Capital (36:15) Meet the Hosts: Dennis Dick Bio: http://www.premarketprep.com/author/premarketinfo/ Twitter: https://twitter.com/TripleDTrader Joel Elconin Bio: http://www.premarketprep.com/author/joelelconin/ Twitter: https://twitter.com/Spus Tune in to the show live or via podcast! iTunes: https://itunes.apple.com/us/podcast/benzinga-tv Soundcloud: https://soundcloud.com/bztv Stitcher: https://www.stitcher.com/podcast/benzinga-morning-show TuneIn: https://tunein.com/podcasts/Business--Economics/Benzinga-TV-p1006070/ Google Play: https://play.google.com/music/listen?u=0#/ps/Id2myc5nfdgd4pry47sjss2n2my Like the show? Keep up with all Benzinga news! Visit https://www.benzinga.com/ to subscribe to our newsletter Visit https://twitter.com/Benzinga to follow us on Twitter Visit https://www.facebook.com/Benzinga/ to like us on Facebook Be sure to check out https://pro.benzinga.com/. Benzinga’s real-time news platform with all the information you need to invest better today.

Michael answers TurtleTrader questions. A new interview.

In trading, you can make more losing trades than winning trades and still make money. But while it is key to always cut losses and run profits, that can be harder than it sounds. Pride means wanting to be proved right, while fear can drive us to grab at profits. Bestselling author and founder of TurtleTrader.com Michael Covel, and self-made millionaire investor and author Mark Shipman mull taking the correct psychological approach with each trade. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.

Jerry Parker of Chesapeake Capital Corp. -- an original member of the famous Turtle Traders -- said in the Market Call that he'd rather find the most-diversified portfolio than simply trying to find the best stocks, noting that investors need to be taking a defensive posture -- using precious metals, commodities and betting against stocks with short positions -- to be well positioned in today's uncertain markets. Also on the show, author Kendall Rose discussed how step-parents can avoid the financial issues that are often a problem for blended families, financial planner Judith Ward of T. Rowe Price discussed how parents and children fail to communicate on college costs, and Tom Lydon of ETFTrends.com checked in his pick for ETF of the Week, a specialty fund that loves the online retailers and shorts traditional big-box brands.

Please enjoy my monologue TurtleTrader with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

TurtleTrader with Michael Covel on Trend Following Radio.

via Better System Trader E017

In trading, you can make more losing trades than winning trades and still make money. But while it is key to always cut losses and run profits, that can be harder than it sounds. Pride means wanting to be proved right, while fear can drive us to grab at profits. Bestselling author and founder of TurtleTrader.com Michael Covel, and self-made millionaire investor and author Mark Shipman mull taking the correct psychological approach with each trade. See acast.com/privacy for privacy and opt-out information.

It’s not often you get to sit down with a Turtle, let alone the father of the Turtle Experiment, and when I do I find it fascinating learning about the different experiences and outcomes that emerged from what really can be boiled down to 2 to 3 weeks of training in how to use trading rules to make money in the markets.  What was truly unique about the conversation I want to share a few key takeaways from today, is that Richard Dennis was joined by two of his Turtles, namely Jerry Parker and Brian Proctor, where they shared some of their personal impressions from their time together…things that has not really ever been discussed publically. We even discussed their research in to “counter-trend” models…not something you would think the Turtles would spend time on…and of course just having Richard Dennis share his wisdom was huge. If you want to catch the full conversation then just click here Turtle Takeaways Niels:  Brian and Jerry, what are the key takeaways from the whole Turtle experience when you think back on those years?  Jerry:  Hmmm, the takeaways? I think I learned a lot and it was just a magical time. Those were four great years. I had no expectation of future business. I think we all would have been incredibly happy to continue managing money for Rich for the rest of our lives and that would have been a good idea. "...is proper trading a real business?" I think that some of the other guys that we competed against at other CTAs, in my opinion, probably did not have nearly the training and support that we had and yet they have large businesses. A lot of these guys went out together and worked together so I think that was maybe an opportunity that we missed - most of us going out on our own. So I really wish, in some kind of crazy way, that we had the best training, the best experience, the best four years that anyone could ever hope for, but I don't know that I personally...  I went to a good business school, even though it doesn't really look like it. Maybe part of my problem was that... I suggested a question for Rich because I've asked this question many times to myself (maybe it's a bad question) but, is proper trading a real business? To some degree, I've tried to trade properly and not pay attention to clients as much as maybe I should have and not vol targeted and not taken profits and not made it a better experience. I think to some degree that was one of the Turtle characteristics that clients and others are going to lead you down the bad path so stick with your system. Stick with what you believe to be true, but maybe a little more compromise would have made me have a larger business. Niels:  Hmmm, yeah.  What about you, Brian?  Brian:  I would say that the most important concepts and things that always resonated with me were that you just have to have really strict risk management, don't overtrade, take lots of losing trades, don't get out of your winning trades until the trend is confirmed that it's over.  I think risk management was rule/key concept number one. Then, concept number two was: keep looking at new systems, blending different values together, different timeframes, to see if you can come up with something better than you already have. So, we've invested a lot of money in our research infrastructure, and we're always searching for the next best, great systems. I think those were the two concepts that I took away from the Turtle program were system development and risk management.  Niels:  Now, just going back to you, Rich. I can imagine you telling Jerry and Brian and all the other Turtles, "Trade small, follow the system, do the hard thing, do the right thing, and innovate and so on." What if you were to teach a Turtle Program today, would you teach them the same thing or is there anything different to what you would teach them in 2017?  Richard:  Well, I wouldn't teach the same thing and, to tell you the truth, I don't know exactly what I would teach because...

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. Jerry brings to the table a straightforward way of breaking down how trend following works. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Baseball analytics Lumpy returns Crisis alpha Having a process and sticking to it Value Investing Bobby Axelrod Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Ep. 78 - Trend Following with Hedge Fund Manager Mike Melissinos Trade 5 Cryptocurrency CFDs with XTB and get a 15% spread rebate - exclusive to TBT listeners! www.twoblokestrading.com/crypto In this episode:  Tom and Owen have got off to a flying start in the crypto competition Well, one of us is flying up and one is flying down... Listen to find out which! We are pleased to see that about 70% of active traders in the competition are making money Mike Melissinos, trend following hedge fund manager, is on the show to keep us grounded He demonstrates how you can stick to your trading plan even in tough circumstances And make hay when the sun shines! Trader Interview - Mike Melissinos - Trend Following Hedge Fund Manager Mike Melissinos is only a few years older than us, but he runs a hedge fund. That is pretty cool. He’s a dyed-in-the-wool trend following trader and is a fan and friend of Turtle Trader and trend following legend Jerry Parker. Mike talks to us about what it is like to be on top of the world when the markets are working for your trading style, and how to keep the faith when the markets just aren’t conducive to making money. Trend following is a notoriously cyclical way of trading. Sometimes markets are trending, sometimes they just are not. Mike keeps the faith because he has done his research. He has done his maths and he knows that trends cluster, and when times are good they are very good. He also knows that trend following mega markets usually directly follow extended flat periods. It is no secret that we are currently in a flat period and that trend followers are suffering, particularly in commodities. But, Mike knows that the good times could be just around the corner, so he keeps the faith. Crypto Trading Competition Update It has been really pleasing to see so many people to get off to a positive start in the crypto competition. Despite there being no leverage available, one trader is up over 20% in the first 6 days. Many others are in double digits and about 70% of active traders overall are making money. There is plenty of distance to go, but this is a good start! The trade of the week was definitely a Bitcoin Long trade from the bottom of the weekend sell off. A number of traders were caught out by the initial sell off over the weekend when Segwit2x was cancelled. Fortunately I think a few traders didn’t start till Monday so they weren’t caught in a long position!! Or maybe some smarty-pants actually went short and caught the move down? If so email in and tell us! We’ve seen some movement in Alt-Coins with a spike up in Ripple and Litecoin, though both of those moves were temporary and anyone not taking profit will have been left with almost zero gains after a fast retracement. But maybe this signals a medium term upwards movement back towards the all time highs? Ripple’s spike was caused by good news from American Express, so it may have a longer term effect. 19 days to go! Who will win the £1000 and more importantly, the kudos of winning the world’s first crypto trading competition!

My guest today is Jerry Parker, the founder of Chesapeake Capital Corporation, a global investment manager headquartered in Richmond, Virginia, in 1988. He was an original TurtleTrader and was also the most successful TurtleTrader. He has had unbelievable success over his four decade career. Jerry has a straightforward way of breaking down how trend following works. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Diversification Becoming an expert in all markets Risk aversion Why the idea of “simple” works Fall targeting Buying markets on the cheap Learning from experts Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Jerry Parker, one of the original "Turtle Traders" trained by Richard Dennis, discusses his strategy and his career as a commodities trader since the mid 1980's.  Jerry provides a brief history of the "Turtle Traders" and discusses his trend following system in currencies, commodities, equities, etc., in markets around the world.  He talks about the common mistakes in futures market trading and the common misconceptions he finds by investors.  Trading is a major challenge and Jerry helps us better understand the Futures marketplace.

Michael releases another mega episode with three trend following traders: Chris Cruden, Salem Abraham and Brian Proctor. Chris Cruden has been in the trend following space for over 25 years. In 1988 he became a Director of Adam, Harding and Lueck Asset Management Ltd (AHL) in London, a famed trend following shop. He is currently the head of Insch Capital Management. Salem Abraham is the President of Abraham Trading Company with a 27-year track record (with much trend following success). Over the years, Abraham has been kind enough to offer Covel fantastic insights. Abraham also appeared in Covel’s film, Broke, and is the last chapter of The Complete TurtleTrader. Brian Proctor is an original TurtleTrader trained by Richard Dennis and Bill Eckhardt and today is a Managing Director at EMC Capital. He began his futures career in 1982, with experience at both the Chicago Mercantile Exchange and Chicago Board of Trade. Proctor was a participant in the renowned Turtle Program, and managed all trading operations at C&D Commodities through 2000. In this episode of Trend Following Radio: Price action Trading only currency Benchmark and time period selection Don’t force the system If you can’t measure it, you can’t manage it Markets teach humility Swiss Franc and Crude Oil Asian economics Location independence The Turtle program Diversification Black Swans

Episode 35 features one of the original Turtle Traders. “What’s a Turtle Trader” you ask? The story involves Richard Dennis, a great trader from the 1970’s. As the story goes, he made his first million by about age 25. By the early 80’s, he was worth about $200 million. Around this time, the movie “Trading Places” came out (two millionaires make a bet on the outcome of training a bum to be a financial whiz, while taking a financial whiz and, effectively, turning him into a bum). Richard felt he could similarly train a financial no-nothing, turning him into a great trader. Richard’s partner felt it wouldn’t work. So they made a bet. (Though as you’ll hear on today’s podcast, Jerry doesn’t actually believe there was ever a bet.) Regardless, how’d it turn out? Three or four years later, the group Richard trained had made, on aggregate, around $100 million. The episode starts as Meb asks Jerry how he became involved with Dennis, trend following, and the Turtle Traders. Jerry was hooked on the idea of trend following from the beginning. Meb suggests that many people either “get it” or they don’t – meaning they get hooked, buying into the strategy completely, or not. For many people, the philosophy just doesn’t take. Eventually the program ended, after which Jerry moved back to Virginia and started Chesapeake, which basically consisted of a telephone, a quote machine, and his trading rules. Jerry tell us how the company grew and how its trading systems developed. They’ve gone from trading around 20 markets to well over 100 now. Meb asks in terms of conditions, what’s been the most challenging market for Jerry in his career at Chesapeake? His answer – the market since 2008. The conversation eventually steers toward leverage and volatility. Meb says how most people don’t realize how they can tamp down a volatile market through trend following and managed futures. Jerry agrees, and adds that you want to “make the same (volatility) bet” despite different markets, to maintain consistency. Meb then asks why so many investors, retail and institutional alike, have such small allocations to trend following. Jerry gives us his thoughts, pointing toward the inherent bias people have for equities. He also believes most investors truly don’t realize how powerful diversified trend following can be. Meb agrees, noting how if you showed an adviser the returns of all sorts of portfolios yet didn’t name the strategies, in almost all circumstances, the portfolios the advisers would choose would have the largest allocation going to trend following. But when you attach the actual strategy names, people shy away from trend following. Meb thinks it really boils down to a branding problem. Jerry thinks people have it backward—they see trend following as an add-on to some other strategy, when in fact, it’s the core. Start with the CTA strategy and maybe add some long-only equities. Meb then steers the guys into a discussion about some of Jerry’s most popular tweets. One of which is Jerry’s recent quote: “Beating the market is hard. Even surviving the market is hard. Stamina may be the most underrated quality.” The quote really resonated with Meb, and he asks if Jerry ever wanted to throw in the towel. Jerry thinks discipline is at least 50% of it, and yes, it can be very hard. The guys then discuss markets, with Jerry noting that there is nothing to be lost from trading more markets than stocks. For instance, he loves currencies. This prompts Meb to bring up a Bitcoin-crash example, where a trend following approach could possibly have saved some major losses. The conversation then turns toward common investor mistakes, most notably the tendency to hold losses and sell winners short. Simply put, the behavioral side of investing is extremely challenging. This causes Meb to wonder what will happen to the roboadvisors when a bear market finally begins. Specifically, with it so easy to pull your cash out of a roboadvisor (and no live advisor to stop you), how many investors will allow fear to make them liquidate their positions? There’s tons more in this episode, including how Jerry lost 60% in one day, the differences between technical analysis and trend following, the “turtle program” of the future, and the one market that won’t allow futures trading. Do you know which one it is? Find out in Episode 35.

Please enjoy my monologue TurtleTrader Plus Lemmy with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael provides a FREE chapter from his audio book versions of The Complete TurtleTrader and Trend Commandments. Mentions & Resources: The Complete TurtleTrader Trend Commandments

Jan. 8 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Michael Covel, co-founder of TurtleTrader.com and author of Trend Following: Learn to Make Millions in Up or Down Markets. They discuss turtle trading rules. This interview aired on Bloomberg Radio.

Jerry Parker, Turtle Trader and CTA, talks about trend following, how to approach wins and losses, dealing with drawdowns, managing correlations in asset classes and how changing market dynamics have impacted trend following and the solution. He also gives us some tips on systematic trading including how he trades without relying on optimal values of the past. Topics discussed What types of characteristics Dennis and Eckardt were looking for in the Turtle traders program How the Turtles were taught to approach losses Common traits amongst the most successful Turtles The hardest part of trading as a Turtle How Jerry overcame the fear of taking trades The biggest lesson being a Turtle What Jerry did with the Turtles approach after the program ended The impact managing other peoples money can have on trading The key factors that make trend following work Managing correlations between asset classes Long-term vs short-term trend following Dealing with drawdowns How changes market dynamics have impacted trend following and solutions How to diversify to lessen the impact of any one parameter How to trade without relying on optimal values of the past PLUS questions submitted by listeners: The difficulties in knowing when to adjust strategy parameters Adjusting your system for whipsaws Tips to avoid data mining Do the Turtles systems still work in the todays markets? Are there any markets where the strategies no longer work? Short versus Long trades Overcoming emotions in trading Biggest mistakes and the lessons learnt What todays Turtle program would look like

Today on the podcast, Michael Covel opens up with a monologue and closes with an interview of him covering trend following 'fundamentals'. Covel opens up by discussing how the phrase “black box” is used to marginalize those who practice trend following trading. Next, Covel plays an interview clip from James Simons, the chairman of Renaissance Technologies, who generated for himself over 14B USD all through models. The second part of today’s episode are highlights of Andrew Horowitz’s interview with Covel--an interview *of* Covel this time. Covel and Horowitz discuss the TurtleTrader story; black boxes, emotions, and computers; what trend following is from the most basic level; the question of “why”, and why it might not be as important as many people think; finding which markets to enter; finding the optimal bet size; and how Fed intervention plays into the market. Want a free trend following DVD? Go to trendfollowing.com/win.

Full Disclosure presents Jerry Parker, famed Turtle Trader and CEO of Chesapeake Capital

My guest today is Brian Proctor, an original TurtleTrader trained by Richard Dennis and Bill Eckhardt and today is a Managing Director at EMC Capital. He began his futures career in 1982, with experience at both the Chicago Mercantile Exchange and Chicago Board of Trade. Proctor was a participant in the renowned Turtle Program, and managed all trading operations at C&D Commodities through 2000. The topic is Trend Following. In this episode of Trend Following Radio we discuss: Proctor's first trading moments and the Turtle program Proctor's view on Liz Cheval, what she brought to his firm, and why she's still an integral part of EMC today How trend following strategies have continued to excel over the years Diversification and the Swiss franc Black swans and how the impossible can and does happen Bill Eckhardt's influence Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Brian Proctor on today’s podcast. Proctor is an original TurtleTrader trained by Richard Dennis and Bill Eckhardt and today is a Managing Director at EMC Capital. He began his futures career in 1982, with experience at both the Chicago Mercantile Exchange and Chicago Board of Trade. Proctor was a participant in the renowned Turtle Program, and managed all trading operations at C&D Commodities through 2000. Covel and Proctor discuss Proctor’s first trading moments and the Turtle program; Proctor’s view on Liz Cheval, what she brought to his firm, and why she’s still an integral part of EMC today; how trend following strategies have continued to excel over the years; diversification and the Swiss franc; black swans and how the impossible can and does happen; and Bill Eckhardt’s influence. For more information on Brian Proctor, visit emccta.com. Want a free trend following DVD? Go to trendfollowing.com/win.

Jason Stapleton is one of the founders of Trade Empowered and a managing partner of Harborsite Capital.  Jason hosts the podcast The Live Show. Jason’s heavy focus  on trader psychology, along with his in-depth knowledge of advanced technical analysis, gives him the unique opportunity to work with traders of all skills and levels, helping them to achieve a higher level of success and understanding in the foreign exchange market.   Economics and Finance Themes: In parts 1 and 2 of the Economic Rockstar interview with Jason Stapleton, Jason mentions and discusses: technical analysis, trading strategies, stock market psychology, behavioral economics, herding behavior, Gartley patterns, harmonic price patterns, Fibonacci numbers, fundamental analysis, probability, the Turtle Trader story, rational and irrational behavior.   Jason's Influencers: His business partner Todd Browne, options trader John Carter, systems trader Larry Hite and trader Mike Bellafiore.   Find out: In this first part of the Economic Rockstar interview with Jason Stapleton, Jason shares with us some thoughts on technical analysis: how Jason lost all his money when he first started out trading in penny stocks. the number one reason why people become traders. how to create a competitive edge in the financial markets. about systems trading and the Gartley pattern. how working on probabilities is better than certainties in trading. and much more.   To check out the show notes page visit:  http://www.economicrockstar.com/jasonstapleton1

Please enjoy my monologue The Complete TurtleTrader Audiobook Afterword with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel just released the first chapter and preface for the audiobook version of The Complete TurtleTrader in a recent podcast. When Covel heard that a Chicago reporter did a retrospective piece on the Turtles for WBEZ in Chicago, he decided to include the piece along with the afterword for the audiobook in today's podcast. The afterword wasn't in the first edition of the original book release due to some of the more "fun" details it included (was added in paperback release). There are some fantastic Turtle traders; many people who did really well. However, for some, it was weird to say the least. That doesn't mean you can't learn from them, and the TurtleTrader book afterword is a wealth of information and insight for anyone with even a passing interest in the Turtles. Do you want a free trend following DVD? Go to trendfollowing.com/win.

Please enjoy my monologue The Complete TurtleTrader Audiobook Excerpt with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive. --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

When you hear the Turtles (the rock band) you know that Michael Covel is going to discuss something Turtle-related. Today's podcast is a little different: it includes the preface and first chapter of the audiobook version of Covel's second book, "The Complete TurtleTrader". Covel talks about his plans for an upcoming Turtle research project. The Turtle rules are not a secret, and neither is the story. However, there are quite a few people out there looking for more information. For a topic like the Turtle story, you can't put all the flavor into 80,000 words alone. Covel discusses the wealth of extra information out there that he plans on including in this upcoming project. Would you like a free trend following DVD? Go to trendfollowing.com/win.

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 Jump in! --- 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 My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel interviews trader and original student of the first Turtle class, 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. Chesapeake provides investment and portfolio management services to both private and institutional investors worldwide. Covel talks to Parker about the 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; and leverage as a tool. Enjoy! Free DVD: www.trendfollowing.com/win.

The most famous Trend Traders are the Turtles. Curtis Faith in his book, Way of the Turtle, was the first ex-Turtle to release the details of the trading system used by Richard Dennis that made him tens of millions of dollars. This podcast provides a review of, Way of the Turtle, and a description of the most important points from the book. The Turtle Trading System is an integral part of my Forex Trend Trading Basic course at www.donchiantrader.com

Michael Covel talks to David Cheval. Cheval was an inside witness to Richard Dennis and Bill Eckhardt's famed Turtle experiment. Through the involvement of his former wife, famed original TurtleTrader Liz Cheval (www.emccta.com), David Cheval's history and background for the Turtle story comes from a unique vantage point. Cheval talks with Covel about the events surrounding the Turtle experiment, including his own interesting part in alerting his former wife to the opportunity (he is still an investor in her firm). They also discuss Cheval's progression from a runner on the Chicago pits, to the formation of his CPO (Dearborn Capital Management), to his career in law today; the presence of Richard Dennis on the Chicago Board of Trade in the years prior to the Turtle experiment; some of the lessons that can be gleaned from some of the most successful Turtles; the difference between volatility and risk; and why basic trend following philosophies are timeless. Cheval's oral history is a nice addition to Michael Covel's classic TurtleTrader book "The Complete TurtleTrader" (www.turtletrader.com). Special Offer: receive free DVD delivered to your home or office: www.trendfollowing.com/win.