1 hr 1 min

SI161: Retaking the Turtle Trader Entrance Exam ft Jerry Parker Top Traders Unplugged

    • Investing

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).
Follow Jerry on https://twitter.com/RJParkerJr09 (Twitter).
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 http://bit.ly/36bzny2%22%20%5Ct%20%22_blank (here).
And you can get a free copy of my latest book “The Many Flavors of Trend Following” http://www.toptradersunplugged.com/book%22%20%5Ct%20%22_blank (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 and review on https://itunes.apple.com/us/podcast/top-traders-unplugged-niels/id888420325?mt=2%22%20%5Ct%20%22_blank (iTunes) so more people can discover the podcast.
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 people going long, the less likely an uptrend is to continue...

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).
Follow Jerry on https://twitter.com/RJParkerJr09 (Twitter).
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 http://bit.ly/36bzny2%22%20%5Ct%20%22_blank (here).
And you can get a free copy of my latest book “The Many Flavors of Trend Following” http://www.toptradersunplugged.com/book%22%20%5Ct%20%22_blank (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 and review on https://itunes.apple.com/us/podcast/top-traders-unplugged-niels/id888420325?mt=2%22%20%5Ct%20%22_blank (iTunes) so more people can discover the podcast.
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 people going long, the less likely an uptrend is to continue...

1 hr 1 min