63 min listen
017: Jerry Parker from the original Turtles trading group shares 30+ years of trading experience in trend following and systematic trading.
017: Jerry Parker from the original Turtles trading group shares 30+ years of trading experience in trend following and systematic trading.
ratings:
Length:
55 minutes
Released:
Jul 27, 2015
Format:
Podcast episode
Description
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 Disclaimer: Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.
Released:
Jul 27, 2015
Format:
Podcast episode
Titles in the series (100)
011: Ralph Vince talks position sizing, the different applications of optimalf, trading horizon, diversification and his changing views over 25 years.: Ralph Vince talks about position sizing, how to choose a position sizing model that suits you, optimalf, the curve and how it can be used for maximum growth and other applications. The risk of multiple strategies in a portfolio and how to manage... by Better System Trader