Books : The Complete TurtleTrader: The Legend, the Lessons, the Results
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- Must Read!Drawing upon his unique experiences (which include the likes of Richard Dennis & Mikhail Gorbachev, to name but a few) Michael's book is insightful on a great many levels. The most important being, to help instill discipline, and confidence, in your investment process. Truly a `must read' for anyone serious about navigating the markets successfully.
Mike Hurley, CMT - Portfolio Manager, the Fusion Global Long/Short Fund
Rating:
- What do you want out of a book?What do you want out of a book? What makes a book a good one? For me the answer is readability, credibility and to learn something - it is that simple. I read each book using that same guideline. If it meets those criteria then the reading was worthwhile.
Last week I began reading The Complete TurtleTrader by Covel. I had read his previous book, Trend Following, and found that it was a good read. But I was looking for more out of Covel. Like movie sequels, I believe a second book should be better than the first. Most authors cannot deliver a second book that is as useful or as powerful as the first, especially when the subject is so close to the first book. The Turtles and Trend Following is a small space, so I expected that the second book would fall short of my expectations.
What I found was a surprise. The Complete TurtleTrader is a well written and interesting. This book is written from the perspective of someone trying to uncover a story, someone trying to find out what really happened. It reminds me of an oral history - Covel backs up his finding with interviews and dialogues from the subjects themselves. This brings credibility to his ideas and makes for a delightful read.
The system rules are also in the book and Covel goes into detail on how to use them. He even provides a step by step walk through of the system in use. This was a great bonus and adds to the story. You read about the students and hear the dialogue of their reaction to the system. The system itself seals the envelope and gives you great perspective on their comments.
I like the book and would highly recommend it to others. It IS NOT mindless dribble about a trading system. It IS a book about the people involved. It is much more interesting than the other book on the Turtles I recently read.
Rating:
- A vivid and engaging portrayal of trading in the financial markets"The Complete Turtle Trader" is a very easy read. I thoroughly enjoyed it. The story-telling style is very engaging and descriptive. I liked the honesty in the book about trying to separate fact from legend and the randomness of trading from the hard work of it. I particularly liked the way the book ended with an examination of the stories of the Turtles after the experiment ended, including a "where are they now" section. I was also fascinated with Abraham's story (a second generation Turtle). Also, Covel does a great good job being an impartial observer who is willing to critique and fully examine all the characters in his narrative.
There are of course a few things I would have liked as well. For example, a compare and contrast of Abraham and another trader who attempted "second generation" Turtle success, more details on the tensions and interplay that must come with volatile performance numbers and how people build the emotional fortitude to handle it, and a more immediate and clear count on how many turtle traders were part of the experiment (like a roster as soon as the reader gets to the part of the story where they are hired). Otherwise, this book is as complete a story about real-life trading as one can get!
Rating:
- Good ReadThis is a very original book, quite a bit different from the others I've seen on the Turtles. This is was my second book from the author and I was pleased with this one as well.
The Turtle system was included in the text but I found the book to be all about the mindset of a trader.
A clearly written book that can be applied to improve anyone's trading. I have read many books on trading, and this one was refreshing. It was written very well, and the author has something (fresh and valuable) to say.
Rating:
- Complete TurtleTraderThis book is the best trading book I have read in years. Well crafted, complete and tightly written. I've studied successful traders and what makes them tick, this is a great book if you too are on that quest. Without exception, this is the best book on the Turtles I've read or seen.
Just buy the book, it is worth the read.
