An edition of Way of the Turtle (2007)

The way of the turtle

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  • 3.5 (2 ratings)
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  • 1 Currently reading
  • 2 Have read

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Last edited by ImportBot
August 1, 2020 | History
An edition of Way of the Turtle (2007)

The way of the turtle

  • 3.5 (2 ratings)
  • 31 Want to read
  • 1 Currently reading
  • 2 Have read

"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.

Publish Date
Publisher
McGraw-Hill
Language
English
Pages
286

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Previews available in: English

Edition Availability
Cover of: Way of the Turtle
Way of the Turtle
2007, McGraw-Hill
Electronic resource in English
Cover of: Way of the Turtle
Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
March 9, 2007, McGraw-Hill
in English
Cover of: Way of the Turtle
Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
March 9, 2007, McGraw-Hill
Hardcover in English - 1 edition
Cover of: The way of the turtle
The way of the turtle
2007, McGraw-Hill
in English
Cover of: Way of the Turtle
Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders
September 25, 2007, American Media International
Audio CD in English

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Book Details


Table of Contents

Risk junkies
Taming the turtle mind
The first $2 million is the toughest
Think like a turtle
Trading with an edge
Falling off the edge
By what measure?
Risk and money management
Turtle-style building blocks
Turtle-style trading : step by step
Lies, damn lies, and backtests
Bulletproof systems.

Edition Notes

Published in
New York

Classifications

Dewey Decimal Class
332.64/52
Library of Congress
HG6024.A3 F16 2007, HG6024.A3F16 2007

The Physical Object

Pagination
p. cm.
Number of pages
286

Edition Identifiers

Open Library
OL17563052M
ISBN 10
007148664X
LCCN
2007000658
OCLC/WorldCat
78070905
LibraryThing
2779360
Goodreads
503534

Work Identifiers

Work ID
OL282698W

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.

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