The way of the turtle
By: by Curtis Faith.
Publisher: McGraw-Hill
Published: 2007
Place of publication: New York
Language: eng
Number of pages: 286
Subjects: Futures; Portfolio management
Description: "After 25 years, the Turtles come out of their shells.“I could teach a turtle to trade.” While sightseeing at a turtle farm, legendary commodities trader Richard Dennis bet Bill Eckhardt that great traders didn't have to be born-they could be taught. To settle the wager, they recruited 23 individuals from all walks of life, gave them accounts to trade, and trained them for two weeks-hence the Turtle Traders. The Turtles of 1983 earned more than $100 million in less than four years, becoming part of the most famous experiment in trading history. Dennis had won his bet. But the secret to this success has been a mystery-until now. Shrouded in secrecy for nearly 25 years, the most successful Turtle Trader of them all breaks the silence, revealing his most lucrative trading strategies-and the Turtle legend. Curtis Faith, who was 19 years old when he joined the Turtles, went on to become the most successful member of the group. For the first time, he explains the wildly successful Turtle system-the rules, timing, risks, and rewards that can deliver enormous profits. Faith also shows you how to use this system in the modern market-including how to select the right trades, smooth out returns, effectively diversify, and know when to exit a winning trade" --Publisher description.
Table of contents: title: Risk junkies; title: Taming the turtle mind; title: The first $2 million is the toughest; title: Think like a turtle; title: Trading with an edge; title: Falling off the edge; title: By what measure?; title: Risk and money management; title: Turtle-style building blocks; title: Turtle-style trading : step by step; title: Lies, damn lies, and backtests; title: Bulletproof systems.