Michael Covel talks with Jerry Parker on his second visit to the podcast. Parker is a trend following trader with over 25 years of experience. His firm is Chesapeake Capital and he was featured in Covel's book "The Complete TurtleTrader." Among many topics, in a Market Wizards/Charlie Rose interview style, Covel and Parker discuss fitness; the Hindenburg "omen"; objective entry/exit criteria; why you'd stay in a long position that you wouldn't want to enter into today; the "oversleeping" hypothetical; the idea that reducing volatility increases risk; definitions of volatility and risk; Parker's thoughts on trend followers not really having drawdowns in the typical sense; "managed futures" and why investors may not want that vs. "trend following"; definitions of "managed futures" and "trend following"; why managed futures isn't a good term for some. Note: this is the first in a new series with Parker. Free trend following DVD: www.trendfollowing.com/win.