Guess Who’s Back…

Trend Following Plus Nothing

In Episode 3 of The Trend and Turtle Podcast, Ben Lichtenstein and original Turtle Trader Jerry Parker dive deeper into the philosophy behind classic trend following — before moving into the mechanics. What does trend following actually mean? Why do trend followers focus on price instead of prediction? And why is doing the psychologically difficult thing often the key to long-term survival in the markets? Jerry shares insights from more than four decades of systematic trading experience, discussing: • Letting winners run and cutting losses short • Why only a small percentage of trades often drive performance • The importance of diversification and systematic rules • Why trend following is about participation — not prediction • The evolution from shorter-term Turtle systems to longer-term trend models • “Trend Following Plus Nothing” and resisting over-engineering • Why discipline and persistence matter more than brilliance This episode explores the mindset behind systematic trading — the commitment required to follow rules through volatility, uncertainty, and inevitable drawdowns. No shortcuts. No predictions. Just process. ⚠️ This podcast is intended for educational and informational purposes only and should not be considered investment or trading advice. Trading involves substantial risk and past performance is not indicative of future results.

New Day Fresh Start

A simple idea. A powerful reminder. “New day. Fresh start.” From a construction site in college… to the trading floor… to today— this is about more than a saying. It’s about adapting. Evolving. Putting in the time. Taking what you’ve learned—and making it your own. A short film to hold you over until the next episode of Trend and Turtle.

From Floor To Shore

From the chaos of the Chicago trading floor to the quiet of the Outer Banks — this is where the journey begins. In Episode 1, Ben Lichtenstein shares how he got his start in the markets and the core idea that shaped everything that followed: the trend. He breaks down a simple but powerful framework: * Markets move in two phases — vertical (trend) and horizontal (range) * Understanding value is key to finding opportunity * Most traders fail because they can’t step back from the noise After years on the trading floor and hosting at the Schwab Network, Ben walks away to trade full-time… only to realize something is missing. That realization leads him to one of the greatest trend followers of all time — Jerry Parker, an original Turtle Trader. This podcast is a real-time experiment. A modern-day version of the Turtle experiment — no shortcuts, no hype, just the work. What to expect: * A front-row seat to the journey * Real conversations on trend following * The wins, the setbacks, and everything in between New episodes drop monthly. Subscribe and join the mailing list for updates and bonus content. Next up: Jerry Parker joins the show. That’s where the real work begins.

Guess Who’s Back…

After decades on the trading floor and in front of the camera, Ben Lichtenstein is stepping back into the markets — this time with a different approach. What started as discretionary trading has turned into a real-time experiment in systematic trend following, alongside original Turtle Trader Jerry Parker. This is not hindsight. Not theory. Not simulation. This is the process — unfolding in real time. Grab a spot — there’s one seat left, right here in the front row.