Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

SI161: Retaking the Turtle Trader Entrance Exam ft. Jerry Parker

SI161: Retaking the Turtle Trader Entrance Exam ft. Jerry Parker

FromTop Traders Unplugged


SI161: Retaking the Turtle Trader Entrance Exam ft. Jerry Parker

FromTop Traders Unplugged

ratings:
Length:
62 minutes
Released:
Oct 10, 2021
Format:
Podcast episode

Description

Jerry Parker joins us for a very special episode today, where we invite him to answer the original interview questions from Richard Dennis’s famous Turtle Trader program. This is a fascinating insight into the world of Trend Following, and one which allows us to see whether Jerry has changed his opinions since working Richard Dennis, as well as explain some of his reasons for the answers chosen today. We’ve posted the questions in the timestamps below, so feel free to take the test and compare your answers to Jerry’s.
Also check out my interview with Turtle Trading legendary mentor Richard Dennis https://www.youtube.com/watch?v=94nUnXsYpLY (here).
----
In this episode, we discuss:
Favouring long or short positions
How you can go broke taking small profits
Reasons to ‘fade the fundamentals’
The importance of down-time and vacations
Whether we can rely on opinions of the crowd
System diversification
Why you should trade small
The questions that Jerry would add to the Turtle Trader test today
Avoiding trades due to gaps in price

----
Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website).
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here).
And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here).
Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here).
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast.
Follow Jerry on https://my.captivate.fm/@RJParkerJr09 (Twitter).
Episode TimeStamps:
00:00 - Intro
02:10 - A huge thank you to our listeners for leaving your 5-star reviews in iTunes, and please share this podcast with a like-minded friend: https://top-traders-unplugged.captivate.fm/listen (https://top-traders-unplugged.captivate.fm/listen)

02:19 - I share a hugely important story to my family, as we mark the 10-year anniversary of my son's Sudden Cardiac Arrest and our https://kidsheart.org (KidsHeart) charity welcomes your support. For further information, contact us via: info@kidsheart.ch 
08:17 - Weekly review of returns
12:00 - Jerry retakes the Original Entrance Exam for the Turtle Program:
13:08 - Question 1: One should favour long or short positions. Is that true or false?
14:56 - Question 2: One should know precisely when to liquidate if a profit occurs. True or false?
14:56 - Question 3: One should trade the same number of contracts in all markets. True or false?
16:08 - Question 4: If one has £100,000 to trade, one ought to risk £25,000 on every trade. True or false?
16:26 - Question 5: On initiation, one should know precisely where to liquidate if a loss occurs. True or false?
16:34 - Question 6: On initiation, one should know precisely where to liquidate if a loss occurs. True or false?
17:02 - Question 7: It helps to have the fundamentals in your favour before you initiate. True or false?
17:26 - Question 8: A gap up is a good place to initiate if an uptrend has started. True or false?
17:52 - Question 9: If you anticipate buy stops in the market, wait until they are finished, and buy a little higher than that. True or false?
19:29 - Question 10: Out of our 3 types of orders, market orders, stop orders, and resting, market orders cause the least skid. True or false?
20:34 - Question 11: The more bullish news you hear, and the more...
Released:
Oct 10, 2021
Format:
Podcast episode

Titles in the series (100)

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com