They have limits on market sectors and risk limits on the total portfolio as well. Position sizes are based on the amount of money under management. Every day Turtles know how many contracts should be on based on total capital. For example, after the Turtles initiated positions and were rewarded with strong profits in July, they were willing to risk those profits. Turtles are willing to let profits on the table turn into losses.
Big money is made in the huge moves.
Think big move. The July Entry Examine the crude oil chart and the performance chart. Turtles all entered in the May and June 93 period and quickly in July the market nose dived. The Turtles were now in for the long haul with a fantastic short position firmly established and very profitable. A strong lesson exists at this point.