The Complete TurtleTrader

The Complete TurtleTrader

That is the true story behind Wall Road legend Richard Dennis, his disciples, the Turtles, and the trading strategies that made them millionaires.

What occurs when bizarre persons are taught a system to make extraordinary cash? Richard Dennis made a fortune on Wall Road by investing in accordance to some easy guidelines. Satisfied that nice trading was a ability that could possibly be taught to anybody, he made a wager together with his accomplice and ran a categorized advert within the Wall Road Journal on the lookout for novices to coach. His recruits, later referred to as the Turtles, had something however conventional Wall Road backgrounds; they included knowledgeable blackjack participant, a pianist, and a fantasy sport designer. For 2 weeks, Dennis taught them his funding guidelines and philosophy, and set them free to begin trading, every with one million {dollars} of his cash. By the point the experiment ended, Dennis had made 100 million {dollars} from his Turtles and created one killer Wall Road legend.

In The Complete Turtle Dealer, Michael W. Covel, bestselling writer of Development Following and managing editor of TurtleTrader.com, the main web site on the Turtles, tells their riveting story with the primary ever on the report interviews with particular person Turtles. He describes how Dennis interviewed and chosen his college students, particulars their schooling and experiences whereas working for him, and breaks down the Turtle system and guidelines in full. He reveals how they made astounding fortunes, and follows their lives from the unique experiment to the current day. Some have grown even wealthier than ever, and embrace a few of immediately’s prime hedge fund managers. Equally vital are those that handed alongside their method to a second era of Turtles, proving that the Turtles’ system really is reproducible, and that anybody with the self-discipline and the will to succeed can do in addition to—and even higher than—Wall Road’s prime hedge fund wizards.

In an period stuffed with slapdash investing recommendation and guarantees of sizzling stock ideas for “the subsequent large factor,” as popularized by pundits like Jim Cramer of Mad Cash, the easy-to-follow goal guidelines of the TurtleTrader stand out as a sound information for really making probably the most out of your cash. These guidelines labored—and nonetheless work immediately—for the Turtles, and another investor with the will and dedication to study from one of many best investing tales of all time.