TURTLE TRADERS STRATEGY - The Complete TurtleTrader by Michael Covel. (Richard Dennis)
TURTLE TRADERS STRATEGY – The Complete TurtleTrader by Michael Covel. (Richard Dennis)
The complete Turtletrader is a fascinating story evolving from two successful stock traders, Richard Dennis and Bill Eckhardt. Also publicised via the book Way Of The Turtle.
Richard Dennis was a very successful commodity trader, in which he was classed as a pioneer for trend following strategies, and believed his stock trading skills could be taught.
He created the turtle trading program, training 14 people in a matter of just two weeks before allowing each trader to trade live accounts of $1 Million dollars each.
The Turtle Traders experiment for trading stocks was a huge success raking in over $150 million in profits in just 4 years.
The trading strategy was based on a breakout trend following system with good risk management criteria.
I hope you enjoy the summary and gain some knowledge from the turtle traders including (Jerry Parker), who show, by keeping it simple can actually work.
Also inspired by the book Way Of The Turtle by Curtis Faith, featured in the book.
Source: https://totalinvestor.blogspot.com/2024/03/turtle-traders-strategy-complete.html
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