Description
Book SynopsisâœWe're going to raise traders just like they raise turtles in Singapore.â
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 âœTurtles.â Top-earningTurtle 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 do
Table of Contents
Introduction: The Bet that Launched the Turtles
- One Turtle’s Story
- The Turtle Way – How the Turtles Made Money
- The Basic Elements of The Turtle Way
- Trading Psychology – Preparing Yourself to Do the Right Thing
- Money Management – Staying Alive through Tough Times
- Cutting Losses – Knowing When to Get Out of a Losing Trade
- Letting Profits Run – When to Exit a Winning Trade
- Catching the Wave – How to Enter a Position
- Diversification – Smoothing Out Your Returns
- Limiting Risk – Protecting Against Disaster16
- Systems Part I – Finding a Strategy that Fits You
- Systems Part II – Avoiding the Pitfalls of Testing
- Systems Part III – Going from Testing to Trading
