Binding: Hardcover
Dewey Decimal Number: 332.6440973
EAN: 9780061241703
ISBN: 0061241709
Label: Collins Business
Manufacturer: Collins Business
Number Of Items: 1
Number Of Pages: 272
Publication Date: October 01, 2007
Publisher: Collins Business
Release Date: October 09, 2007
Sales Rank: 4993
Studio: Collins Business

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Editorial Review:

Product Description:

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 TurtleTrader, 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.






Rating: - Good read
Good book. A lot of traders get caught up in the fundamental garbage, especially when they start out. Focusing on the noise just takes your attention off of what really matters - making money. I can't cant the number of times when a crop report comes out that supports my bias on the market, only to see the market move the opposite direction. The author did a great job of showing a simple system that performs over time. Too often we trade to feed our ego, not to make money. I don't know about ... Read More

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Rating: - Good as a reference for Technical Analysis
A interesting book to read, the author obviously did a nice job of collecting all the info.
In term of the trading methology, I am not too impress with it. It is laughable that someone will trade the market without paying attention to current market condition and fundamental at all. May be that's why Dennis would often loss 30% or more in one month and he often lost 9 trades out of 10. Sounds to me he got into the sucker rally all the time because he did not know and did not care what's underneath. ... Read More

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Rating: - Another excellent book
Congrats - All the basics are right in front of the reader... The info in this books gives the serious reader a basic structure, and allows them to then build their own personalized methods around a time proven concept.

Eastern Research & Trading
Bill G. / Singapore

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Rating: - Very good and still works
It looks like ideas from this book still works. One of the interesting example of similar approach - Alexander Rezviakov in Russia, whose approach very similar to approach in this book. Even ideas like "...looking at the news for decision-making cues was the wrong thing to do.". Very interesting, that Alexander start his public lectures about a year before this book was published.

Maybe Donchinan's channels are old-fashioned nowadays, but main idea - turn off TV, focus at the price, catch the trend, ... Read More

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Rating: - Nature vs. nurture
The book will be very interesting for readers who are new to trading literature and moderately interesting to those who have already read about trading, and trend trading in particular (I've read the author's magnum opus "Trend Following" and recommend it strongly).

As to the guide motive of The Complete Turtle Trader I wasn't convinced that "The Turtle experiment proved that nurture trumps nature" as the author states repeatedly. Why?

1/The Turtles were recruited not randomly but in a careful ... Read More

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