Talking Trends

Jerry and Mike offer Monday Morning Quarterback commentary on the fiery-ish conversation between Andrew Beer and Tim Pickering on the Top Traders Unplugged Podcast (Episode SI246: The Big CTA ETF Debate).

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.

On this episode, Jerry and Mike, discuss the importance of embracing the mundane. Also, the lessons learned from Band of Brothers (the HBO miniseries).

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.

In this episode, Mike and Jerry talk about how to handle trading a small account, the non-appealing performance characteristics of successful long-term returns and how incredibly unconcerned Warren Buffett is with his Sharpe ratio.

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.

Jerry is back. On this episode, we discuss what we're seeing in the markets. We also discuss the recent comments made by Stanley Druckenmiller on the U.S. Dollar. We also get into movies, specifically which Top Gun is better.

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.

Mike takes questions from listeners.

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.

In this episode of Talking Trends, Mike and Jerry, discuss how their teachers, mentors and experiences have shaped their approach to life and business. Avid fans of the show Seinfeld, they also admire his focus on comedy and knowing what to get rid of.

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.

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.

Show Notes:

[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.

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.

Mike Melissinos is back from a long podcasting break to review the markets - stocks, bonds, commodities and currencies. There's a lot happening right now with a possible looming recession, government bond yields going back to all-time lows and the recent Coronavirus outbreak in China.

Mike gives a 30,000ft view of each of the major asset classes, his favorite markets and stocks. In the episode, he discloses a number of his current positions so as to not "talk his book" without being transparent.

We see pickiness permeating across society today. We don't like being wrong or feeling dumb. We think we can prepare for every little thing that comes our way. MLB teams are experiencing the pitfalls of over-optimization. Instead of giving batters as many at-bats as possible, they optimize for how each batter does versus the opposing pitcher while also considering the game is home or away, day or night, recent performance, and so on. When you consider all of these factors, the sample size decreases. This makes the decision less robust and you more likely to experience something "unexpected". Well, yea you didn't expect it because your sample size is five! How can you possibly gain any reasonable expectation from such a small sample size?

Ask questions to learn how your manager and his or her strategy makes decisions each day. It's important to learn about how the strategy is going to behave before you invest in it. You cannot expect to know how it will perform since that is largely up to the markets, and we cannot control them. But we can learn about how the strategy makes decisions in its initial design and in a variety of different situations.