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"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" --Publisher description.
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Previews available in: English
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Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
March 9, 2007, McGraw-Hill
in English
007148664X 9780071486644
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Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
March 9, 2007, McGraw-Hill
Hardcover
in English
- 1 edition
007148664X 9780071486644
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Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
September 25, 2007, American Media International
Audio CD
in English
1933309687 9781933309682
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Book Details
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Edition Notes
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- Library of Congress MARC record
- Library of Congress MARC record
- Library of Congress MARC record
- marc_openlibraries_sanfranciscopubliclibrary MARC record
- Better World Books record
- Library of Congress MARC record
- Internet Archive item record
- marc_nuls MARC record
- Harvard University record
- Harvard University record
Work Description
"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-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 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 discoverHow the Turtles made money-the principles that guided their trading and the step-by-step methods they followedWhy, even though they used the same approach, some Turtles were more successful than othersHow to look beyond the rules as the Turtles implemented them to find core strategies that work for any tradable marketHow to apply the Turtle Way to your own trades-and in your own lifeWays to diversify your trading and limit your exposure to riskOffering 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.





