Way of the Turtle (eBook - Adobe PDF) (eBook)

Curtis M Faith

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Way of the Turtle eBook Description

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"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-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. You'll 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.

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

eBook Details

Title:	Way of the Turtle
Publisher:	McGraw-Hill Professional
Author:	Curtis M Faith
Edition:	Ebook 1 , PDF
Language:	English
ISBN:	0071509461-BEPDF
EAN:	9780071509466-BEPDF

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