Way of the Turtle: The Secret Methods That Turned Ordinary People Into Legendary Traders by Curtis FaithWere 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. Youll 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.
Book Summary: Way of the Turtle - Secret methods that Turned Ordinary People into Legendary Traders
Ever since buy and sell signals started showing up on my Trading View charts people have asked about my super secret trading strategy. They imagine some mystical knowledge from the dawn of time, painted in flowing calligraphy on a crumbling scroll, locked in the golden safe of an ancient temple on a mountain cloaked in diaphanous mist. If only they could get their hands on it, everything would change!
Way of the Turtle: The Secret Methods That Turned Ordinary People Into Legendary Traders
Books, Audiobooks and Summaries. Everything you wanted to know about the Turtles is right here! The process of their recruitment, the lessons they learned, the things they went through. Curtis M. Faith is an author, innovator, and a former Turtle himself. Do you believe anyone could become master in trading with just a little bit of help from a pro in the area?
Curtis M. This trading-room memoir harks back to a group of novices whom experts recruited in the s and — to fulfill a bet — trained to be traders. The training worked, according to the most successful student, author Curtis M. His memoir promises what any capitalist would love to possess: the secret to making money in volatile markets. Alas, Faith tells us, there is no secret. Successful traders analyze markets to find an edge, then remain disciplined enough to pursue that edge, even when their hearts and their guts try to overrule their brains. An innovator in the use of trading systems and software, he heads research and development for a trading software firm.
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