In this episode of Talking Trends, Michael Melissinos and Jerry Parker, discuss their relationship with competition, struggles with losing and what keeps them motivated to win even when the stakes aren't high.
[00:40] - Mike and Jerry share their story of how they got started in trading and what they're doing today.
[05:00] - The importance of having fun on long-term success.
[08:15] - Mike's wife quote about fantasy hockey gets him thinking about competitive DNA and personal pride.
[11:50] - What was Jerry like as a kid? What is his attitude on winning and losing?
[15:58] - Mike's initial mindset when he launched his fund.
[20:15] - Support from clients, friends and family during losing periods is critical. Jerry believes he'd be much better trader had he remained in the Turtle Program being mentored by Richard Dennis and Bill Eckhardt. "Four years wasn't enough."
[22:30] - Are we born with a competitive DNA or can it be taught? Sports taught Mike how to be resilient and develop a pain threshold that doesn't interfere with his discipline in trading.
[24:15] - Growing up in a winning environment influenced Mike's ability to handle losing. He had to learn how to accept and improve from defeat, something he didn't have the skill to do at a young age.
[29:00] - Super Bowl highlights, Steve Sabol and Bill Belichick.
[31:00] - A winning formula is consistent across time and industries.
[36:20] - Jerry misremembers how our friendship started.
[37:00] - Previewing next episode -- the Trading Tribe and how Mike and Jerry came to work together.
Links and Resources:
Do you have a question for Michael and Jerry? Please DM us at @mmelissinos or @rjparkerjr09.
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.
