148 Systematic Investor Series ft Jerry Parker – July 11th, 2021

Jerry Parker returns today to discuss why margin perhaps isn’t as important as people perceive it to be, the resurgence of ‘classical’ Trend Following, the importance of having a low Sharpe ratio, an update on Jerry’s Bitcoin positioning, the drawbacks of trading a single, longer-term timeframe, how European CTAs successfully compete with American CTAs, the best methods for measuring open risk, and why capturing the fewer large trends may be more important than the many small trends. If you would like to leave us a voicemail to play on the show, you can do so here. Check out our Global Macro series here. Learn more about the Trend Barometer here. IT's TRUE 👀 - most CIO's read 50+ books each year - get your copy of the Ultimate Guide to the Best Investment Books ever written here. And you can get a free copy of my latest book "The Many Flavors of Trend Following" here. Send your questions to [email protected] Follow Niels & Jerry on Twitter: @TopTradersLive  & @RJParkerJr09 And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Top Traders Unplugged wins award for ‘Best Trading Podcast’ and features among the ‘Top 20 Best Investing Podcasts in 2020’ by The Investors Podcast 🏆 Episode TimeStamps: 00:00 - Intro 01:28 - A huge thank you to our listeners for leaving 5-star reviews in iTunes 02:02 - Macro recap from Niels 12:07 - Q1; Omar: Why isn’t Trend Following more popular as a strategy? 31:37 - Q2 & Q3, Q4; John: What percentage of margin to equity was Jerry using during his Turtle Trading days?  What kind of margin levels does Jerry use today at Chesapeake?  How do you define and differentiate between ‘profit factors’? 40:01 - Q5; Mark: What look back periods do you tend to prefer? 47:27 - Deep and fast drawdowns versus longer-lasting, shallower drawdowns 50:48 - Adjusting your trading universe by recent performance 58:11 - How newer money managers can differentiate themselves from their competitors 01:01:04 - Diversification versus concentration 01:05:07 - Benchmark performance update Subscribe on: