Jerry Parker was part of the original group of the widely recognized Turtle Traders. If you don’t who they are, Richard Dennis, a huge commodities trader back in the 80’s, mentored this fairly small and secretive group of traders. It’s an interesting story, one of many featured in this interview.
Jerry is also the the founder of Chesapeake Capital, a commodity trading advisor. He’s still stuck to his roots even today as a die hard trend follower.
This interview has lots of juicy topics, including Jerry’s opinion on trading other people’s money, and what you need to ask your money manager (or CTA) before you invest.
What’s Covered in This Interview:
- How Turtle Traders started, who the trader was behind this experiment, and how it was something very unique.
- What Richard Dennis put the Turtles though during their initial trading in the first few weeks, including what was emphasized during training.
- Why Jerry doesn’t believe that you should trade according to your personality, even though it’s a popular belief, and sounds pretty logical.
- Why Jerry’s trend following game is now more long term in nature, and how it’s changed since the 80s.
- What the benefits are to managing other people’s money, including how Jerry himself manages his client’s expectations.
- Jerry and his views on trading short positions for diversification and win trades.
- Insight into how Jerry trades across all markets using the same systems.
- Why large sample sizes are important and why it can encourage simple systems.
- How traders can tell when they need to adjust the parameters of their systems.
Tweetable:
“Don’t get drunk on good performance.” – Tweet this
Links and Resources:
- ChesapeakeCapital.com – Jerry’s commodity trading advisory founded after he left Richard Dennis and the Turtles in 1988.
- @RJParkerJr09 – Follow Jerry on Twitter.
Click here to get your free copy of The Comprehensive Guide to Trading Mentorship.
