The Complete Turtle Trader Rapidshare Download
Exiso Gui 1.4 b Download. ExIso GUI makes easier to extract multiple iso with a queue list and a little FTP browser. It allow to create a menu with Quickboot faster: you click one button and it creates local copy of xex that works with Quickboot from XEDev Team.
The Complete Turtletrader
Author :Michael W. CovelISBN :9780061740619
Genre :Business & Economics
File Size : 82.49 MB
Format :PDF
Download :402
Read :932
This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires. What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend. In The Complete Turtle Trader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as—or even better than—Wall Street's top hedge fund wizards. In an era full of slapdash investing advice and promises of hot stock tips for 'the next big thing,' as popularized by pundits like Jim Cramer of Mad Money, the easy-to-follow objective rules of the TurtleTrader stand out as a sound guide for truly making the most out of your money. These rules worked—and still work today—for the Turtles, and any other investor with the desire and commitment to learn from one of the greatest investing stories of all time.
Exam Prep For The Complete Business Process Handbook
Author :David MasonISBN :PKEY:QA3102682
Genre :Education
File Size : 45.14 MB
Format :PDF, ePub, Mobi
Download :478
Read :879
5,600 Exam Prep questions and answers. Ebooks, Textbooks, Courses, Books Simplified as questions and answers by Rico Publications. Very effective study tools especially when you only have a limited amount of time. They work with your textbook or without a textbook and can help you to review and learn essential terms, people, places, events, and key concepts.
Exam Prep For Private Wealth Management The Complete
Author :David MasonISBN :PKEY:QA3038637
Genre :Education
File Size : 85.87 MB
Format :PDF
Download :789
Read :1095
5,600 Exam Prep questions and answers. Ebooks, Textbooks, Courses, Books Simplified as questions and answers by Rico Publications. Very effective study tools especially when you only have a limited amount of time. They work with your textbook or without a textbook and can help you to review and learn essential terms, people, places, events, and key concepts.
The Rare Find
Author :George AndersISBN :9781101535806
Genre :Business & Economics
The Complete Turtletrader Audiobook
File Size : 68.19 MBFormat :PDF, Kindle
Download :994
Read :646
One of the nation's biggest music labels briefly signed Taylor Swift to a contract but let her go because she didn't seem worth more than $15,000 a year. At least four book publishers passed on the first Harry Potter novel rather than pay J. K. Rowling a $5,000 advance. And the same pattern happens in nearly every business. Anyone who recruits talent faces the same basic challenge, whether we work for a big company, a new start-up, a Hollywood studio, a hospital, or the Green Berets. We all wonder how to tell the really outstanding prospects from the ones who look great on paper but then fail on the job. Or, equally important, how to spot the ones who don't look so good on paper but might still deliver extraordinary performance. Over the past few decades, technology has made recruiting in all fields vastly more sophisticated. Gut instincts have yielded to benchmarks. If we want elaborate dossiers on candidates, we can gather facts (and video) by the gigabyte. And yet the results are just as spotty as they were in the age of the rotary phone. George Anders sought out the world's savviest talent judges to see what they do differently from the rest of us. He reveals how the U.S. Army finds soldiers with the character to be in Special Forces without asking them to fire a single bullet. He takes us to an elite basketball tournament in South Carolina, where the best scouts watch the game in a radically different way from the casual fan. He talks to researchers who are reinventing the process of hiring Fortune 500 CEOs. Drawing on the best advice of these and other talent masters, Anders reveals powerful ideas you can apply to your own hiring. For instance: Don't ignore 'the jagged résumé'-people whose background appears to teeter on the edge between success and failure. Such people can do spectacular work in the right settings, where their strengths dramatically outweigh their flaws. Look extra hard for 'talent that whispers'- the obscure, out-of-the- way candidates who most scouting systems overlook. Be careful with 'talent that shouts'-the spectacular but brash candidates who might have trouble with loyalty, motivation, and team spirit. Each field that Anders explores has its own lingo, customs, and history. But the specific stories fit together into a bigger mosaic. In any field, there's an art to clearing away the clutter and focusing on what matters most. It's not necessarily hard, but it requires the courage to take a different approach in pursuit of the rare find.
Exam Prep For Study Guide For Macroeconomics
Author :David MasonISBN :PKEY:QA3004957
Genre :Education
File Size : 83.52 MB
Format :PDF, Docs
Download :479
Read :329
5,600 Exam Prep questions and answers. Ebooks, Textbooks, Courses, Books Simplified as questions and answers by Rico Publications. Very effective study tools especially when you only have a limited amount of time. They work with your textbook or without a textbook and can help you to review and learn essential terms, people, places, events, and key concepts.
Trend Following
Author :Michael W. CovelISBN :9780137020188
Genre :Business & Economics
File Size : 55.83 MB
Format :PDF, ePub, Docs
Download :775
Read :155
SUPERANNO In this fully updated edition, trend following expert Michael Covel introduces the traders and fund managers who have been using this strategy for decades, adding brand-new profiles such as David Harding, who manages $10 billion plus dollars through his London-based trend following firm. Then, Covel walks you through all the concepts and techniques you need to use trend following yourself. One step at a time, one simple chart at a time, you'll learn how to understand price movements well enough to profit from them consistently--in any market. Original.
How To Make A Living Trading Foreign Exchange
Author :Courtney SmithISBN :047058565X
Genre :Business & Economics
File Size : 82.45 MB
Format :PDF, ePub
Download :244
Read :398
Solid Forex strategies for capturing profits in today's volatile markets How to Make a Living Trading Foreign Exchange puts the world of Forex at your fingertips. Author Courtney Smith begins with an introduction to the Forex market-what it is and how it works. He then delves into six moneymaking techniques for trading Forex, including his unique Rejection Rule that doubles the profit of basic channel breakout systems. In addition to two specific methods for exiting positions at critical levels, Smith also discusses powerful risk management techniques and successful trading psychology strategies that will keep you one step ahead of the game. Reveals the secrets of the Forex market and how to create a lifetime of income trading it Offers advice on maximizing profits during the volatile swings that have increasingly become the norm Other titles by Smith: Option Strategies, Third Edition, Seasonal Charts For Futures Traders, Commodity Spreads, and Profits Through Seasonal Trading Make more from today's Forex market with How to Make a Living Trading Foreign Exchange.
In The Trading Cockpit With The O Neil Disciples
Author :Gil MoralesISBN :9781118283080
Genre :Business & Economics
File Size : 33.36 MB
Format :PDF, Docs
Download :195
Read :1144
Praise for In the Trading Cockpit . . . 'Morales and Kacher want you to see an alternative to popularand traditional dead end strategies (i.e., buy and hope). Absorbthe insights of In the Trading Cockpit with the O'NeilDisciples and put yourself in position to thinkdifferently—and profit.' — Michael W. Covel, Bestselling author of TrendFollowing and The Complete TurtleTrader; President,Trend Following Your hands-on guide to mastering powerful trading methodsinspired by stock market legend William O'Neil Written by two former William O'Neil + Co. employees who havespent years building upon the lessons they learned workingalongside the master, this book delivers powerful tradingtechniques based on the O'Neil model that you can put to work inyour own portfolio, right away. The follow-up to their bestselling Trade Like an O'NeilDisciple, In the Trading Cockpit with the O'NeilDisciples goes beyond the descriptive narrative of the formerbook to provide you with step-by-step guidance and all the practiceyou need to quickly master those tried-and-true methods and makethem an integral part of your trading system. You'll find: Clear, step-by-step explanations of powerful new tradingstrategies, including techniques for buying pocket pivots andgap-ups Hundreds of annotated examples—with charts—ofreal-life trades from the authors' own experiences with detailedanalysis of what worked, what didn't, and why Set ups with buy, add, and sell points for both winning andlosing scenarios Dozens of skill-building exercises that help you quickly masterthe techniques described Tried-and-true stock shorting techniques based on WilliamO'Neil's methods Written by established experts Gil Morales and Dr. Chris Kacher,In the Trading Cockpit with the O'Neil Disciples is anindispensable guide to mastering proven strategies for tradingstocks for record profits in every market environment.
Trend Commandments
Author :Michael CovelISBN :9780132695244
Genre :Business & Economics
File Size : 89.45 MB
Format :PDF, Mobi
Download :175
Read :936
Presents the essential wisdom of trend following investing in short, entertaining, easy to understand elements everyone can understand. * *Delivers invaluable moneymaking insights from true winners, backed by real performance results. *Discusses trend following strategies in the context of today's radically new and unstable financial environment. *Helps you rethink everything you know about making money. The markets are a game, and most people are playing the wrong way--to their huge economic disadvantage. No jargon. No platitudes. Just real market lessons tied together with optimism and practicality. Pull back the Wizard of Oz curtain to see how and why big money is made today. No reliance on government, media, or Wall Street. In this book, self-sufficiency rules the day. In Trend Commandments, Covel distills the essential wisdom of trend following as an investment strategy into fascinating, bite-sized pieces that any investor can absorb. Much shorter than Covel's previous books, Trend Commandments delivers real moneymaking insights from true winners, backed by real performance results--not idle talk or platitudes. Discover how one of the biggest names in trend following made over 20% in August 2010 alone, and why this strategy keeps making big money when everyone else is dropping like a stone. Learn how to escape the cycle of 'panic, fear, hope, and return-to-panic,' and how to profit in an age of financial crisis and deepening instability. Michael Covel (San Diego, CA) is a highly respected author, director, and entrepreneur who founded the internationally known website TurtleTrader.com in 1996. Covel's first book was Trend Following: How Great Traders Make Millions in Up or Down Markets. The book profiles great trend following traders who have won billions in the market (100,000+ plus copies sold, translated into 10 languages). Covel's second book, The Complete TurtleTrader (translated into 6 languages), is the definitive inside look at the legendary trader Richard Dennis and his student traders, 'The Turtles.'
Trading The Trend Collection
Author :Michael W. Covel
ISBN :9780133094664 Genre :Business & Economics
File Size : 80.26 MB
Format :PDF, Docs
Download :631
Read :382
World-renowned trading strategist Michael Covel helps you master and profit from trend following: the only strategy proven to work in any market environment! Trend following is the only investment strategy repeatedly proven to work in any market environment! Now, in two remarkable eBooks, the world's #1 trend following author reveals why it works so well, and shows how you can apply it to earn exceptional, consistent profit in your own trades. In Trend Following (Updated Edition): Learn to Make Millions in Up or Down Markets, MichaelCovel teaches all the fundamental concepts and techniques you'll need, demonstrating how to understand price movements well enough to consistently profit from them. Covel presents updated profiles of top trend followers who've kept right on profiting through the toughest markets. He even presents simple charts created from their actual trades: powerful visual support for the power of trend following! Next, in Trend Commandments: Trading for Exceptional Returns, Covel distills the essential wisdom of this strategy into fascinating, bite-sized pieces that any investor can understand and use: real moneymaking insights from true winners, backed by real performance results. Learn how one of the biggest names in trend following made over 20% in August 2010 alone… and why this strategy keeps making big money when everyone else is dropping like a stone… and how to escape the cycle of 'panic, fear, hope, and return-to-panic' in today's age of non-stop financial crisis! From world-renowned trend following expert and author Michael Covel
Top Download:
Download The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel
Well, when else will you find this possibility to get this publication The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel soft documents? This is your good opportunity to be here and get this wonderful publication The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel Never leave this book prior to downloading this soft documents of The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel in link that we supply. The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel will actually make a lot to be your best friend in your lonesome. It will be the most effective companion to improve your company and also hobby.
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel
Download The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel
Discover the secret to improve the lifestyle by reading this The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel This is a sort of book that you need currently. Besides, it can be your favorite publication to review after having this book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel Do you ask why? Well, The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel is a book that has various characteristic with others. You could not should know which the writer is, exactly how famous the job is. As smart word, never ever evaluate the words from who talks, however make the words as your good value to your life.
As recognized, book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel is popular as the window to open up the world, the life, as well as new thing. This is just what individuals currently require so much. Also there are lots of people who don't like reading; it can be an option as recommendation. When you truly require the means to produce the following motivations, book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel will really assist you to the method. Furthermore this The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel, you will have no remorse to get it.
To obtain this book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel, you might not be so confused. Download tweetdeck pro for android. This is on-line book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel that can be taken its soft data. It is various with the on the internet book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel where you could get a book then the vendor will certainly send out the published book for you. This is the area where you can get this The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel by online as well as after having manage investing in, you could download and install The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel by yourself.
So, when you need quick that book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel, it doesn't have to wait for some days to get guide The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel You could directly obtain guide to conserve in your device. Also you like reading this The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel almost everywhere you have time, you could appreciate it to read The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel It is undoubtedly practical for you who wish to get the more precious time for reading. Why do not you spend five mins and spend little cash to get guide The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, By Michael W. Covel here? Never let the new thing quits you.
This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires.
What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend.
In The Complete Turtle Trader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as—or even better than—Wall Street's top hedge fund wizards.
In an era full of slapdash investing advice and promises of hot stock tips for 'the next big thing,' as popularized by pundits like Jim Cramer of Mad Money, the easy-to-follow objective rules of the TurtleTrader stand out as a sound guide for truly making the most out of your money. These rules worked—and still work today—for the Turtles, and any other investor with the desire and commitment to learn from one of the greatest investing stories of all time.
- Sales Rank: #43795 in Books
- Published on: 2009-02-24
- Released on: 2009-02-24
- Original language: English
- Number of items: 1
- Dimensions: 8.00' h x .65' w x 5.31' l, .47 pounds
- Binding: Paperback
- 288 pages
From Publishers Weekly
Covel (Trend Following) revisits a famous financial trading experiment conducted by Wall Street trader Richard Dennis and extracts its lessons with mixed results. Dennis, who quickly learned how to trade after starting as a runner at the Chicago Mercantile Exchange in 1966 at age 17, had made a reported $200 million by 1983. To settle an argument with fellow trader William Eckhardt about whether trading ability was innate or could be taught, he put an ad in the Wall Street Journal offering to teach candidates how to trade in two weeks, and then backed them with his own money. Of the thousands of people who who applied, 23 turtles were accepted. Their trading made $100 million for Dennis, leading some to become highly successful traders in their own right. Having tracked down most of the people involved, Covel describes the turtle training, including rules for entering and exiting trades as well as Dennis and Eckhardt's personal lessons, and speculates on why some turtles succeeded more than others. However, there are too many characters with competing interests, and many missing facts. Covel's own strong views can also get more emphasis than the voices of the principals. Still, the book is a useful training manual distilling the lessons of a fascinating experiment. (Oct.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
“Tells the ‘real stories’ rather than just the glossy good bits—a thoroughly good read.” (Your Trading Edge)
“This warmly written book brilliantly captures the formation and evolution of the legendary Turtle investment program. It is loaded with wonderful anecdotal insights plus lessons on trading, risk, and life we should all follow. It should be on any novice or seasoned trader’s bookshelf alike. A must read!” (Michael Shannon, Original Turtle)
From the Author
This is the story of how a group of rag tag students, many with no Wall Street experience, were trained to be millionaire traders. Think of Donald Trump's show 'The Apprentice,' played out in the real world with real money and real hiring and firing. However, these apprentices were thrown into the fire and challenged to make money almost immediately with millions at stake. They weren't trying to sell ice cream on the streets of New York City. They were trading stocks, bonds, currencies, oil and dozens of other markets to make millions.
This story blows the roof off the conventional Wall Street success image so carefully crafted in popular culture: prestige, connections and no place at the table for the little guy to beat the market and beating the market is no small task. Legendary investor Benjamin Graham always said that analysts and fund managers as a whole could not beat the market because in a significant sense they were the market. On top of that, the academic community has argued for decades about efficient markets, once again implying there is no way to beat the market averages.
Yet making big money, beating the market, is doable if you don't follow the herd, if you think outside the box. Anyone does have a chance to win in the market game, but he or she needs the right rules and attitude to play by. And those right rules and attitude collide against basic human nature.
Most helpful customer reviews
135 of 145 people found the following review helpful.
Pulling Back the Veil
By John Forman
The first impression one gets from The Complete Turtle Trader is quite favorable. It is an attractive format, and a pretty easy read, though well written and detailed. The primary text is about 200 pages, which I got through in a single afternoon (though I do read faster than most). And the price tag is extremely reasonable for a hardcover trading book, much lower than what you often see.
This book definitely continues along the path of the trend trading subject of Covel's earlier book, Trend Following, but does so through the story of the famous Turtles. Readers of Jack Schwager's book, Market Wizards, and it's follow-up, The New Market Wizards, will be familiar with the Turtles. They are the result of a nature vs. nurture running debate between famous futures trader Richard Dennis (a Market Wizard) and his partner William Eckhardt (profiled in The New Market Wizards).
The Turtle program was an effort to determine whether traders can be created, developed through training as opposed to having some innate talent for it. This topic has been the subject of debates in trading circles for probably as long as there has been traders. To a certain degree, the classic movie Trading Places, which was released very near the time of the first Turtle program, has at it's core the same theme.
In The Complete Turtle Trader, as the subtitle suggests, Covel tells the story of the Turtles from the selection process which brought together two very diverse groups of people in 1983 and 1984 all the way through to where they are today. It includes a discussion of their training program, their performance, and of course the ideas underlying the system they employed, one based on trend following. The explanation of the latter is pretty direct - definitely enough to give the reader a really good idea of the way the Turtles were taught to trade, which they did very successfully. Figures to that end are provided throughout the text and in supporting appendices. The author also includes comments on how individual traders can apply the Turtle techniques and philosophy themself.
For someone like myself, who first heard about the Turtles through Schwager's writings, this book was a really interesting back-filling of the story. When Schwager was putting his books together, the Turtles and their instructors were very tight-lipped about the details of the experience. In this book, Covel has been able to flesh things out, not just in a kind of history text sort of exposition, but one which includes a great many comments and annecdotes from the participants. It is a tale which really explores the whole perspective of life as a Turtle.
The story Covel lays out offers a great many insights. Obviously, the first one is that learning how to trade, and to make big returns, is possible. Probably the most interesting part of the narrative, though, (in terms of the story, anyway) is what happened to the Turtles after they left the program. It will come as no surprise that the diversity of their backgrounds and personalities has been reflected in the diversity of what they have done over the intervening years. I was particularly enthralled by the discussion of the adjustments they had to make to be successful as big-time money managers, something their mentor Dennis was never quite able to do.
Overall I consider The Complete Turtle Trader a very enjoyable and worthwhile read. It has a lot of elements, and of course trading strategy. I actually found reinforcement of many of my own trading ideas as I was reading, seeing them in a different light. That's not something which happens much after twenty years of trading and reading books and articles on the subject. Of course not everyone is going to find the fullness of the theory or application behind Turtle trading suitable to them, but it is always worth making an effort to learn from those who have achieved success before us, and that's an opportunity this book provides.
131 of 143 people found the following review helpful.
I couldn't put this book down. Excellent research combined with detailed facts
By Kcorn
In The Complete TurtleTraders, author Michael W. Covel tells the riveting account of a group of investors who were led by one remarkable man, Richard Dennis (with the help of his partner, William Eckhardt). Dennis was somewhat of an iconoclast, not brought up through the ranks of Fortune 500 company grooming programs, figuring out his own methods for making money.
Dennis was a successful investor who believed that investing
principles could be taught to anyone. His partner, William Eckhardt, disagreed, tending to believe that the talent was inborn. Their differing views formed the basis for a bet between the two men and led to one of the more remarkable experiments in investing history.
Basically, Dennis agreed to find a diverse group of individuals, give each recruit $1 million dollars, put them through two weeks of intensive training, teach them specific investing principles and methods and see how well they'd do after that. To add to the challenge, Dennis and his partner (who agreed to help teach the recruits) hired people from all walks of life.
Exactly how diverse was the group? Well, there was a security guard, a restaurant manger, an unemployed student, a bartender, kitchen cook, teacher and even a prison worker. Covel describes in detail how Dennis
interviewed and selected each recruit, nicknaming them 'The Turtles'. He also chronicles their 14 days of intensive training. It wasn't easy but the potential rewards were great.
While the account of the Turtles' experiences is reason enough to buy this book, I want to stress that it is more than the story of that remarkable group of individuals. It is also the profile of Richard Dennis, his background and his own conflicting feelings as the experiment
concluded and a second generation of Turtles came along. At times, it is hard to wonder if the Turtles succeeded too well, leading to mixed feelings in Richard Dennis as some of them surpassed him.
Covel also updates readers about some of the Turtles today. The book is so full of investing principles, guidelines and rules that I don't know how anyone with an interest in learning more about investing, trading or finances could pass this one up!
114 of 127 people found the following review helpful.
Somewhat Informative, Overly Long
By Loyd Eskildson
'The Complete Turtle Trader' details the story of an experiment to determine if traders were born, not made (or vice-versa), as well as provide a basic foundation in pattern trading. Fundamental analysis (eg. Warren Buffett) is seen as pointless - value is already reflected in an item's price. Instead, trading is based on mob psychology, and is clearly not income-averaging either.
System I: A four-week price break-out was a signal for market entry, and a two-week breakout in the opposite direction a signal for exit. System I was also combined with 'filters' to reduce the number of entries. System II instead used an eleven-week breakout to enter, and a four-week signal to exit. There were also a few add-on rules to cover markets that increased over a sustained period of time.
Traders typically used 2% of their funds for each 'bet,' and were also warned to avoid correlation within their portfolios (increased overall risk). Another risk-limiting rule was to limit themselves to 4-5 'units' of 2% for any one market.
The experiment demonstrated that most anyone could be taught to be a successful traders, and most made considerable profit for both themselves and their funders.
The 'bad news' about 'The Complete Turtle Trader' is that most of the book is taken up with minute and largely irrelevant details of initial trader selection, personality differences, etc.
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel PDF
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel EPub
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel Doc
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel iBooks
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel rtf
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel Mobipocket
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires, by Michael W. Covel Kindle