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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- Excellent book for understanding tradingTakes a long time to get to the meat, but I suppose it is a necessary developement of understanding the meat to have this outline. Will be reading a second time.
Rating:
- ITS JUST NOT GOOD - VERY WEAKI was soooo excited to read this book. Here is a trading legend what wants to spill the beans on how he did it, right? WRONG. This book simply rehashed old trading ideas, some are very old, that have been done in other forums and books over the years. He plugged his own software so many times that the book read like an advertisement for his it.
I found it interesting that he did not reveal anything that was going on with his current trading. I've heard all of the stories of the Turtle days; show me what you have done since. Tell me about the big trends you hit in the 1990's and earlier this decade. That would be fantastic - but he didn't. It would have added substance to the book.
Instead the author tells you he hasn't traded since the 1980s and has worked on other adventures. I find this hard to believe. How can the most successful trader of the Turtle class not trade? You have been given the gift of a wonderful education by Richard Dennis and you don't use it? Come on - this is too much to believe. Certainly you have traded right?
It was disappointing to say the least. A book written for a publishing advance is my opinion. It could have been much better. The author could have included details on the behind the scenes. Faith had access to the most noted trader in Chicago. Talk about what he was like and what the office was like. Talk about trades you have made since the 1980s and talk about the profits you made for other customers - not just Dennis - since the experiment was over. This would make the book better.
Provide more details on what you did with the information and how it changed your life. What is what the title implies 'Way of the Turtle'. The book is nothing more than a technical indicator book, something we have all done and seen many times before. I was very disappointed.
I struggled with giving one or two stars on this one. Part of me feels he deserves one star because the book was soooo bad. However, I posted two stars. He is a new author so I won't penalize him for so many oversights on the first attempt. Call it grading on the curve.
Rating:
- InterestingAn interesting text from a historical perspective, but light on the implementation details if that is what you are looking for.
Rating:
- Very goodFaith has taken some flack of late from guys like Michael Covel, but he is an extremely sharp guy and the book is full of valuable insights. If you're a mechanical systems trader it's required reading.
Well thought out, logically presented, well reasoned arguments provide development methods and set realistic expectations for the aspiring or veteran systems trader.
Rating:
- Started dubious left enlightenedThis is an important book because unlike the dozens of other trading books I have read this one delves into the most important aspect of trading, psychology. You can't trade if you can't attune your mind to the mental requirements of trading. I have seen other traders make reference to emotional state management etc... but Curtis really goes into all the psychological issues that most people struggle against when trying to trade successfully, recommended.
