Books : Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: The Secret Methods that Turned Ordinary People into Legendary Traders

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by: Curtis Faith

: Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders: The Secret Methods that Turned Ordinary People into Legendary Traders

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Binding: Hardcover
Dewey Decimal Number: 332.6452
EAN: 9780071486644
ISBN: 007148664X
Label: McGraw-Hill
Manufacturer: McGraw-Hill
Number Of Items: 1
Number Of Pages: 288
Publication Date: March 09, 2007
Publisher: McGraw-Hill
Sales Rank: 3447
Studio: McGraw-Hill



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Product 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-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

. . .

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.

. . .



Customer Reviews
Average Rating: out of 5 stars

Rating: 1 out of 5 stars - Way of the Turtle: Audio Edition
I received the audio edition of Way of the Turtle today and it is a real disappointment. It is abridged, only 4 hours long, and narrated by a completely uninterested voice that may be computer generated. If it is only 4 hours long why Faith did not do a better job on this interesting story is beyond me. I will return this tomorrow and as much as I enjoyed this book the audio version is not worth listening to. Avoid this audio book. There are many other trader audio books that are much better...


Rating: 5 out of 5 stars - The Best Book About Trading
This is the best book about trading I have read. Specially good for all of you who are interested in developing a MECHANICAL TRADING SYSTEM.


Rating: 5 out of 5 stars - Being A Turtle Doesn't Mean You Are Slow
Take a group of intelligent people, teach them a classic trend following trading system, give them some money to trade, and what do you have? One of the most fascinating trading stories ever told.

This book is an eyewitness account of the story of the Turtles, told by the most successful of the bunch. And while the book does not go into details about the story it does something better- it explains how they made money and how anyone can use their strategies to make money as well as or better than they did.

The author not only details the systems used by the turtles but also describes how systems work, why they work, the problems with system testing, and how to effectively create your own trading system.

The story of the turtles begins in chapter 2 and is continued throughout the book. Part story, part trading text book, the author has done a great job explaining how to trade well using simple systems. If the reports are correct, the author made $31 million while trading as a turtle and several turtles are still make millions managing large hedge funds using the same strategies explained in the book.

The four main points of the Turtle Class:

1. Trade With An Edge: have a positive expectation.
2. Manage Risk: control risk so you can continue to trade
3. Be Consistent: execute your plan
4. Keep it Simple: catch every trend

Think Like a Turtle
1. Trade in the present
2. Think in terms of probabilities not prediction
3. Take responsibility for your own trades.

This book belongs in every trader's library even if you do not trade using a system. But after reading the arguments for systems, I cannot imagine why anyone would do so without one, or several. This book, along with Trade Your Way to Financial Freedom
has helped me create the 3 systems that I trade. Not only has trading with systems made me more money, it has lowered my risk and helped me sleep better at night. If you want to read more of my reviews of stock trading and investment books, you can get them[...]


Rating: 3 out of 5 stars - Interesting account of the mysterious turtle technique
I first read about the turtles in Market Wizard and was excited when I saw this book. Well written book which covers what makes the author(a turtle) successful and also the turtle trading system.


Rating: 5 out of 5 stars - Great book on Trading
This book makes you think differently about trading stocks. It follows the approach of the Turtles, a straightforward and rigid method of systems trading. This is NOT a book about INVESTING in stocks but rather about short and medium term trading futures markets.

This book would be helpful for anyone interested in learning how to or in advancing their skill in day trading, technical analysis, and systems trading, with an emphasis on the psychological factors that affect performance. Five stars!

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