In this engaging discussion, trend following experts Jerry Parker, a Turtle Trader with deep roots in systematic practice, and Mike Melissinos, a volatility management pro, explore the complexities of trading through John Boyd’s OODA Loop. They emphasize the discomfort inherent in trend following and the necessity of embracing losses to catch substantial gains. Delving into the cultural contrasts between trend followers and traditional finance, they discuss risk perceptions, the importance of behavior over emotions, and why a 40% win rate can still yield success.
