The Complete TurtleTrader (Google eBook)

Front Cover
Harper Collins, Oct 13, 2009 - Business & Economics - 288 pages
3 Reviews

This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires.

What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend.

In The Complete TurtleTrader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as—or even better than—Wall Street's top hedge fund wizards.

In an era full of slapdash investing advice and promises of hot stock tips for "the next big thing," as popularized by pundits like Jim Cramer of Mad Money, the easy-to-follow objective rules of the TurtleTrader stand out as a sound guide for truly making the most out of your money. These rules worked—and still work today—for the Turtles, and any other investor with the desire and commitment to learn from one of the greatest investing stories of all time.

  

What people are saying - Write a review

Review: The Complete TurtleTrader: The Legend, the Lessons, the Results

User Review  - Plawooth Charoenchitmun - Goodreads

I'm creating a system of my own and this book gives me the right mindset to work on my system Read full review

Review: The Complete TurtleTrader: The Legend, the Lessons, the Results

User Review  - Andi Mcc - Goodreads

(friend says to read the "Rules" chapter) Read full review

Contents

Nurture versus Nature
1
Prince of the Pit
9
The Turtles
29
The Philosophy
51
The Rules
67
In the Womb
99
Who Got What to Trade
113
Game Over
129
SecondGenerationTurtles
173
Model Greatness
187
Afterword
191
Appendix I
209
Appendix II
215
Appendix III
217
Appendix IV
221
Endnotes
245

Out on Their Own
135
Dennis Comes Back to the Game
145
Seizing Opportunity
153
Failure Is a Choice
167
Index
257
About the Author Michael Covel
267
Copyright

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About the author (2009)

Michael W. Covel is the author of the bestselling book Trend Following, now in its seventh printing and translated into eight languages. Covel speaks regularly on the subject of trading and is managing editor of TurtleTrader.com, the leading news and commentary resource on insights into the Turtles. He lives in California.

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