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Legend of the Turtle Traders Jerry Parker Interview- Trend Following Legend

Legend of the Turtle Traders Jerry Parker Interview- Trend Following Legend

A friend of mine forwarded me this video of Jerry Parker- Legend of the Turtle Traders. For those of you who are not familiar with turtle trading, it was an experiment of Eckhardt and Dennis two traders in Chicago. They wanted to see if they could teach trading and trend following to non traders. As expected most turtle traders had different results even though they were taught the same. The reason was very simple…FEAR and GREED. Every trader has their own psychological makeup. Jerry Parker was not as aggressive as some of the turtle traders and survived. Some of the turtle traders including Richard Dennis blew up. Jerry Parker has gone through all types of tribulations in his trading career. Trend following and trading is very tough emotionally. I believe there was a point Jerry Parker had under management several Billion dollars…Yes…Billions…However as trading is tough…he ran into a period of draw downs and his loyal clients left him. The proverbial, what can you do now for me.
In order to succeed in trend following ( over time) the biggest issue to overcome is yourself. It is not fun being in a draw down. It is not fun going for several years without a profit. This is reality. Some other turtle traders that my family are invested with have been down since 2012, even that we bought their drawdown….

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE (“FOREX”) IS SUBSTANTIAL.

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