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Trend Commandments

Michael Covel (FT Press)

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The Little Book of Trading

Michael Covel (Wiley)

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The Complete TurtleTrader

Michael Covel (Collins)

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Trend Following

Michael Covel (FT Press)

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Broke (Film DVD)

Michael Covel

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Turtle Jerry Parker on Systematic Trading

Trend Following | June 25th, 2009

Turtle Jerry Parker noted the other day in Chicago that his trading is 100% systematic. Not news to me or the many others familiar with trend trading, but I suspect for people not familiar with trend following that fact takes time to digest. Parker also noted how bad of a thing it was for the Turtles to make money the wrong way. He said that if they made money the wrong way they were in trouble [with Dennis].

Note: No vulgarity or ugly attacks. There are other places for that.

  • Todd Miller

    According the Autumn Gold site, it lists Jerry Parker as 95% Systematic, 5% Discretionary. Could the 5% discretionary be the amount he allocates to other traders? Or, is Autumn Gold not reporting this correctly?

  • Michael Covel

    I am 99.999% sure Parker said Tuesday he was currently 100% systematic.

  • moshe levi

    can the turtles make money paying 80% tax … did you see this insane proposal here is bloomberg link http://www.bloomberg.com/apps/news?pid=20670001&sid=aFcXAGUYZSVw... please comment on that

  • matt

    traders can still make plenty of money, they just won’t pay the 80 percent tax. they’ll go to other countries that understand the nature of capitalism and free markets.

  • Jeff

    > can the turtles make money paying 80% tax …

    At that point, they move offshore. Its a completely viable and legal option. I’m not sure why more haven’t left the country yet.


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