You're going to make a lot of money doing this so you should love everything about the system that's going to produce all those profits. All you have to do is have the confidence and the faith to keep going and do those trades. That's the only thing that stands between you and your best chance of achieving what you want to achieve.
—Jerry Parker
In This Episode, You'll Learn:
- How the research and complexity of systems has a backwards effect to making money
- Challenges with entering stock markets with CTA strategies
- Why counting the trades and analyzing sample size is what most investors forget to ask when seeking fund managers
I think the biggest enough complaint that investors have about CTA firms is that there aren't enough stocks
—Jerry Parker- Where the CTA managers have failed investors
- How Jerry Parker handles emotions during drawdowns
- Why markets have changed so that longer term focus has proven more successful
- Learn about the philosophy of "The Markets are the Heroes"
You sort of have to look at yourself as a martyr, being willing to suffer pain and do what most people find hard to do; stick to a game plan, even when it's not going well
—Jerry Parker- Important lessons from a long, successful career in the CTA industry
- What is it that keeps investors from Turtle CTAs and choose larger financial organizations
- Why we see a skewed distribution towards profitability of long side trades and short side trades
- The key legacy traits left behind by the Turtles and if the experiment could be replicated now
- Why Jerry Parker's contribution to the CTA space will be that he sticks with the plan and be the last one going down with the trend following ship
That is really the essence of what we do. No one can predict what will happen. The trend following rules will put us in a good situation usually if something happens that's never happened before.
—Jerry Parker- Lessons for upcoming CTA managers from Jerry Parker
- Debunking trading cliches like, "you never go broke taking a profit" and "exits are more important than entries"
- Personal habits that have contributed to Jerry Parker's success
- How Jerry Parker would start if he were to start all over again
Resources & Links Mentioned in this Episode:
- Ray Daliho - Bridgewater Capital
- Learn about Jerry Parker's Acting "Career" on his IMDB page
Sponsored by Swiss Financial Services and Saxo Bank:
Connect with Chesapeake Capital:
Visit the Website: www.chesapeakecapital.com
Call Chesapeake Capital: +1 804 836 1617
E-Mail Chesapeake Capital: clientservices@chesapeakecapital.com
Follow Jerry Parker on Linkedin & Twitter
To be successful, I believe you should commit yourself to a systematic approach.
—Jerry Parker