Topics

-- Powell under investigation

-- Never-ending list of excuses to break your discipline

-- Resurgence of trends since the tariff mess of early 2025

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠⁠⁠@mmelissinos⁠⁠⁠⁠ or ⁠⁠⁠⁠@rjparkerjr09⁠⁠⁠⁠.

Mike's Links

⁠⁠⁠⁠Substack⁠⁠⁠⁠

⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠

⁠⁠⁠⁠Melissinos Trading LLC⁠⁠⁠⁠

Jerry's Links

⁠⁠⁠⁠LinkedIn⁠⁠⁠⁠

⁠⁠⁠⁠Chesapeake Capital⁠⁠⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠⁠⁠.

Thank you for listening.

Topics

-- Personal lessons from the trend-following legends

-- Difference between diversification and outlier hunting

-- Jerry has a substack?

-- How we cope during drawdowns

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠⁠@mmelissinos⁠⁠⁠ or ⁠⁠⁠@rjparkerjr09⁠⁠⁠.

Mike's Links

⁠⁠⁠Substack⁠⁠⁠

⁠⁠⁠LinkedIn⁠⁠⁠

⁠⁠⁠Melissinos Trading LLC⁠⁠⁠

Jerry's Links

⁠⁠⁠LinkedIn⁠⁠⁠

⁠⁠⁠Chesapeake Capital⁠⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠⁠.

Thank you for listening.

Topics:

-- Nick Saban on good and great, talent and execution

-- Update on the trend-following drawdown

-- Feelings that come up during trading, marketing

-- Design a system for healthy discomfort

-- Mike and Jerry dominate fantasy hockey

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠⁠@mmelissinos⁠⁠⁠ or ⁠⁠⁠@rjparkerjr09⁠⁠⁠.

Mike's Links

⁠⁠⁠Substack⁠⁠⁠

⁠⁠⁠LinkedIn⁠⁠⁠

⁠⁠⁠Melissinos Trading LLC⁠⁠⁠

Jerry's Links

⁠⁠⁠LinkedIn⁠⁠⁠

⁠⁠⁠Chesapeake Capital⁠⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠⁠.

Thank you for listening.

Topics:

-- Nick Saban on good and great, talent and execution

-- Update on the trend-following drawdown

-- Feelings that come up during trading, marketing

-- Design a system for healthy discomfort

-- Mike and Jerry dominate fantasy hockey

Past performance does not guarantee future results

Mike and Jerry open up about how they're coping with the recent drawdown in trend-following.

Recent essays relevant to this conversation

- Wait? Yes. Hesitate? No.

- Trend-Following in 2008: From +70% to Negative 1% to +92%

- Weeds Always Come Back

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠@mmelissinos⁠⁠ or ⁠⁠@rjparkerjr09⁠⁠.

Mike's Links

⁠⁠Substack⁠⁠

⁠⁠LinkedIn⁠⁠

⁠⁠Melissinos Trading LLC⁠⁠

Jerry's Links

⁠⁠LinkedIn⁠⁠

⁠⁠Chesapeake Capital⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠ and ⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠.

Past performance does not indicate future results.

Even during strong performance periods for trend-following, the financial and emotional swings can be significant. 2008 is a great example of this. Interestingly, 2006 and 2007 do as well.

Supporting Essay: Trend-Following in 2008: From +70% to Negative 1% to +92%

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠@mmelissinos⁠⁠ or ⁠⁠@rjparkerjr09⁠⁠.

Mike's Links

⁠⁠Substack⁠⁠

⁠⁠LinkedIn⁠⁠

⁠⁠Melissinos Trading LLC⁠⁠

Jerry's Links

⁠⁠LinkedIn⁠⁠

⁠⁠Chesapeake Capital⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠ and ⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠.

Past performance does not indicate future results.

The U.S. Dollar is a hot topic of conversation lately. Tariffs, Trump, Bessent, reserve currency status, a new trade accord, etc. When the news heats up, trend-traders find calm in their rules.

In this episode, we check in on the trends of the major currency markets vs. the Dollar.

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠@mmelissinos⁠⁠ or ⁠⁠@rjparkerjr09⁠⁠.

Mike's Links

⁠⁠Substack⁠⁠

⁠⁠LinkedIn⁠⁠

⁠⁠Melissinos Trading LLC⁠⁠

Jerry's Links

⁠⁠LinkedIn⁠⁠

⁠⁠Chesapeake Capital⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠ and ⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠.

Past performance does not indicate future results.

Devin Haran is the founder of Somerset Hills Capital, a value-focused investment manager. He got his start in investment banking, making stops at Merrill Lynch and RBC Capital Markets before launching Somerset Hills. He holds a BA from Amherst and an MBA from Columbia Business School.

In this conversation, we cover a range of topics:

-- Baseball continues to over-optimize, but the NBA is going the other way

-- The Pareto Principle and how it applies not only to trend-following, but equity indexes as well (Michael's latest ⁠article⁠)

-- The value of starting from modest means and learning how to stay in business

-- Our innate behavioral tendencies tend to serve us well in a life or death situation, but not so well in the markets

How to get in touch with Devin:

Twitter

Linkedin

Email

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠@mmelissinos⁠⁠ or ⁠⁠@rjparkerjr09⁠⁠.

Mike's Links

⁠⁠Substack⁠⁠

⁠⁠LinkedIn⁠⁠

⁠⁠Melissinos Trading LLC⁠⁠

Jerry's Links

⁠⁠LinkedIn⁠⁠

⁠⁠Chesapeake Capital⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠ and ⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠.

Past performance does not indicate future results.

Darius Foroux is the author of 8 books, including The Stoic Path to Wealth. He writes about productivity, Stoicism, and wealth building. His ideas and work have been featured in TIME, NBC, Fast Company, Inc., Observer, and many more publications. Until now, more than 30 million people have read his articles.

Links and Resources:Do you have a question for Michael and Jerry? Please DM us at ⁠⁠@mmelissinos⁠⁠ or ⁠⁠@rjparkerjr09⁠⁠.

Mike's Links

⁠⁠Substack⁠⁠

⁠⁠LinkedIn⁠⁠

⁠⁠Melissinos Trading LLC⁠⁠

Jerry's Links

⁠⁠LinkedIn⁠⁠

⁠⁠Chesapeake Capital⁠⁠

Michael Melissinos is the founder of Melissinos Trading and Jerry Parker is the founder and CEO of Chesapeake Capital Corp.

Due to industry regulations, they will not specifically discuss their funds (by name or symbol) on this podcast. All opinions expressed by podcast participants are solely their own and do not reflect the opinions of Melissinos Trading or Chesapeake Capital Corp. (or any of its employees). This podcast is meant for informational purposes only and should not be used as a basis for investment decisions. Clients of Melissinos Trading and Chesapeake Capital Corp. may maintain positions and securities discussed in this podcast. For more information, please visit ⁠⁠⁠⁠melissinostrading.com⁠⁠⁠⁠ and ⁠⁠⁠⁠chesapeakecapital.com⁠⁠⁠⁠.

Past performance does not indicate future results.

Clint Sorenson, CMT, CFA of WealthShield and author of The Smooth Ride Portfolio joins Mike to take a look at the markets.

Topics we discuss:

1) Could NVDA and SMCI go the way of other bubble stocks such as TDOC, DOCU, ZM, etc?

2) Mike's recent article on How to Trade Bubbles

3) The Yen carry trade and its similarities to 2007

4) Commodities continue to be a mixed bag

5) Getting back in is tough, especially after recent pain