Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: The Secret Methods that Turned Ordinary People into Legendary Traders (Google eBook)

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McGraw Hill Professional, Mar 9, 2007 - Business & Economics - 240 pages
44 Reviews

“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.

  

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Review: Way of the Turtle: The Secret Methods That Turned Ordinary People Into Legendary Traders

User Review  - Hal - Goodreads

A fairly good book on trading concepts and mindsets. Curtis Faith being one of the original and more successful of the Turtle group. Some criticism of special treatment had been leveled at him of ... Read full review

Review: Way of the Turtle: The Secret Methods That Turned Ordinary People Into Legendary Traders

User Review  - Nilesh - Goodreads

it is good for trader Read full review

Contents

Risk Junkies
1
Taming the Turtle Mind
13
The First 2 Million is the Toughest
29
Think Like a Turtle
47
Trading with an Edge
63
Falling Off the Edge
75
By What Measure?
85
Risk and Money Management
109
Lies Damn Lies and Backtests
151
On Solid Ground
179
Bulletproof Systems
207
Mastering Your Demons
223
Epilogue
235
Original Turtle Trading Rules
245
Bibliography
275
Index
279

TurtleStyle Building Blocks
123
TurtleStyle Trading Step by Step
131

Common terms and phrases

About the author (2007)

Curtis M. Faith was the most successful of the Turtles, earning more than $30 million for Richard Dennis while trading as a Turtle. He is one of the industry's leading pioneers of mechanical trading systems and software. Faith is currently head of research and development for Trading Blox, LLC, a company that specializes in software for trading system analysis and development. He also runs an Internet forum for mechanical system traders at tradingblox.com/forum.

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