McGraw-Hill Professional; (Mar 2008); Pages: 240
ISBN:007148664X; ISBN13: 9780071486644 ; Our Ref: 007148664X
Format: Hardback
(Dimensions: 226 x 152 )
Subject: Finance
Description / general overview :
After 25 years, the Turtles come out of their shells. I could teach a turtle to trade. While sightseeing at a turtle farm, legendary commodities trader Richard Dennis bet Bill Eckhardt that great traders didn't have to be born - they could be taught. To settle the wager, they recruited 23 individuals from all walks of life, gave them accounts to trade, and trained them for two weeks - hence the Turtle Traders.The Turtles of 1983 earned more than $100 million in less than four years, becoming part of the most famous experiment in trading history. Dennis had won his bet. But the secret to this success has been a mystery - until now. Shrouded in secrecy for nearly 25 years, the most successful Turtle Trader of them all breaks the silence, revealing his most lucrative trading strategies - and the Turtle legend Curtis Faith, who was 19 years old when he joined the Turtles, went on to become the most successful member of the group. For the first time, he explains the wildly successful Turtle system - the rules, timing, risks, and rewards that can deliver enormous profits.Faith also shows you how to use this system in the modern market - including how to select the right trades, smooth out returns, effectively diversify, and know when to exit a winning trade. 'The most successful turtle was apparently Curtis Faith. Trading records show that Mr. Faith, who was only 19 when he started the program, made about $31.5 million in profits for Mr. Dennis' - Stanley W. Angrist, Wall Street Journal .
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 Disaster 16 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
Addtional Info :
Explains the Turtle system - the rules, timing, risks, and rewards that can deliver better profits. This book also shows you how to use this system in the market - including how to select the right trades, smooth out returns, diversify, and know when to exit a winning trade.
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