Trend Following With Michael Covel

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 diff