Rating: - Tells the story of great traders
Don't read this book expecting to learn HOW to trade. Covel is telling you here about WHO the great traders were and a lot about their lives. There is as much to be learned in WHO you need to become in order to trade as there is in HOW to trade. I would put this book in the same catagory as "New Wall Street Wizzards" and "Reminiscences of a Stock Operator ".
I found this book easier to read and more enjoyable than Covel's book, "Trend Trading", because it wasn't "data" trying to prove anything. It is simply the story of some of the greatest traders who ever hit wallstreet. Don't you think that there might be a little value in knowing a bit about them?

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Rating: - "Must read" for serious market students
This book blows away a lot of the hype and speculation about who, what and how the "Turtles" were recruited and trained, and it does it in a no nonsense manner.
Covel has obviously thouroughly researched his subject and laid it out in a format which enables the reader to understand the concepts and gives all the rules you would need to trade the "turtle" system without going out and spending the rip off rates some are asking for the same information.Most important is the stress on the importance of money management, which you will soon realise is the "real"secret behind the success of the "Turtles". As is known to most experienced traders, entry is the least important part of a trade, the exit strategy is paramount.
In my opinion this is a "must read" book for all traders.

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Rating: - Impressed with the book
I've watch and listened to this author for years. I am a subscriber to his newsletter. Frankly I didn't know what to expect from him. BUT i got something that was worth the value and well written. The interviews with Turtles was icing on the cake. These guys were silent for so long and now they speak. I would have appreciated more interviews with the players, and perhaps an interview with Dennis himself. This would have made an 'A' book an 'A+'. Maybe the author tried to reach them - I dont know. Good read, this is a keeper

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Rating: - Refreshing
This was a refreshing read - I loved it. The story line relates to a group of educated traders called the Turtles. It is a good read and everyone can find use from it. The system described is very valuable and I am studying it now. Good read, highly recommended.

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Rating: - Inspirational, but No Holy Grail
If you are looking for a magic trading system that could be applicable to today's financial market, you would be disappointed. Instead, this books gives a comprehensive account of the legendary turtle experiment happened some twenty plus years ago, with Covel's unique access to many of the turtles.

In Chapter 5, this book also includes the supposedly original trading systems that the Turtles used, but these systems seem too simple to be true. Consider this:

System 1: buy on new 20-day high, sell on new 10-day low.
System 2: buy on new 55-day high, sell on new 10-day low.
System 3: if S1 misses out, use S2.

Intuitively, the exit rule places too close a stop to the entry, and consequently many profitable trades could be stopped out. I back-tested these rules on the Dow 30 stocks, and my results have confirmed the intuition. That said, Covel cautioned readers not to blindly follow the rules, and urged readers to test before implementing them.

While the original trading systems are too simple to work, this book proves with actual historical trading record that trend following has worked and should continue to work. It also offers advice on trading psychology, risk management and trade positioning. For those who are steadfast fundamentalists, this book is a stroke of fresh air, albeit with a false lure of the holy trail of trading.

Interested readers should also read Covel's "Trend Following", and should visit his website turtletrader.com for extremely comprehensive trading advice and free data.