“We're going to raise traders just like they raise turtles in Singapore.”
So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt nearly 25 years ago. What started as a bet about whether great traders were born or made became a legendary trading experiment that, until now, has never been told in its entirety.
Way of the Turtle reveals, for the first time, the reasons for the success of the secretive trading system used by the group known as the “Turtles.” Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.
Only nineteen years old at the time-the youngest Turtle by far-Faith traded the largest account, making more than $30 million in just over four years. He takes you behind the scenes of the Turtle selection process and behind closed doors where the Turtles learned the lucrative trading strategies that enabled them to earn an average return of over 80 percent per year and profits of more than $100 million. You'll discover
How the Turtles made money-the principles that guided their trading and the step-by-step methods they followed
Why, even though they used the same approach, some Turtles were more successful than others
How to look beyond the rules as the Turtles implemented them to find core strategies that work for any tradable market
How to apply the Turtle Way to your own trades-and in your own life
Ways to diversify your trading and limit your exposure to risk
Offering his unique perspective on the experience, Faith explains why the Turtle Way works in modern markets, and shares hard-earned wisdom on taking risks, choosing your own path, and learning from your mistakes.
Digital Life Reviews
Customer Reviews
Average Rating:
Rating: - Being A Turtle Doesn't Mean You Are Slow
Take a group of intelligent people, teach them a classic trend following trading system, give them some money to trade, and what do you have? One of the most fascinating trading stories ever told.
This book is an eyewitness account of the story of the Turtles, told by the most successful of the bunch. And while the book does not go into details about the story it does something better- it explains how they made money and how anyone can use their strategies to make money as well as or better than they did.
The author not only details the systems used by the turtles but also describes how systems work, why they work, the problems with system testing, and how to effectively create your own trading system.
The story of the turtles begins in chapter 2 and is continued throughout the book. Part story, part trading text book, the author has done a great job explaining how to trade ... Read More
Rating: - Interesting account of the mysterious turtle technique
I first read about the turtles in Market Wizard and was excited when I saw this book. Well written book which covers what makes the author(a turtle) successful and also the turtle trading system.
Rating: - Great book on Trading
This book makes you think differently about trading stocks. It follows the approach of the Turtles, a straightforward and rigid method of systems trading. This is NOT a book about INVESTING in stocks but rather about short and medium term trading futures markets.
This book would be helpful for anyone interested in learning how to or in advancing their skill in day trading, technical analysis, and systems trading, with an emphasis on the psychological factors that affect performance. Five stars!
Rating: - If you trade the market you MUST read this book
I won't repeat what has already been said so well by the many reviewers who found incredible value in this book, as I have. I simply want to emphasise the importance of this book for its insight and valuable lessons into the psychology of trading.
I have been trading the markets now for about 6 months, and almost every day, I come back to this book in my mind and remember the lessons it taught me, including the SINGLE MOST VALUABLE FACT ABOUT TRADING: you will likely lose on MOST of your trades, yet this is essential to winning in the market!
It seems counterintuitive, especially if you have seen ads from the hypesters and hipsters who promise to give you tips that are "89% accurate" and so forth. Mr. Faith's extensive work with testing trading systems using modern computerized simulation techniques virtually proves that you cannot successfully make money with systematic trading systems ... Read More
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- Being A Turtle Doesn't Mean You Are Slow
- Interesting account of the mysterious turtle technique
