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Way of the Turtle

Book Info

Title
Way of the Turtle
Author(s)

Online Stores

Amazon

So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt nearly 25 years ago. What started as a bet about whether great traders were born or made became a legendary trading experiment that, until now, has never been told in its entirety.

Way of the Turtle reveals, for the first time, the reasons for the success of the secretive trading system used by the group known as the “Turtles.” Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.

Only nineteen years old at the time-the youngest Turtle by far-Faith traded the largest account, making more than $30 million in just over four years. He takes you behind the scenes of the Turtle selection process and behind closed doors where the Turtles learned the lucrative trading strategies that enabled them to earn an average return of over 80 percent per year and profits of more than $100 million. You'll discover

  • How the Turtles made money-the principles that guided their trading and the step-by-step methods they followed
  • Why, even though they used the same approach, some Turtles were more successful than others
  • How to look beyond the rules as the Turtles implemented them to find core strategies that work for any tradable market
  • How to apply the Turtle Way to your own trades-and in your own life
  • Ways to diversify your trading and limit your exposure to risk
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Editor reviews

 
Way of the Turtle 2011-11-30 17:59:36 Ryan Mallory
Overall rating 
 
3.5
Educational 
 
3.5
Entertainment 
 
3.5
Page-turner 
 
3.0
Helpful 
 
4.0
RyanMallory Reviewed by RyanMallory    November 30, 2011
Top 10 Reviewer  -   View all my reviews

Interesting Book, Lacks Details

I'm not so much against this book, as I just think there are other books out there that will provide you better insight into trend-following. Goes through the history of the trading style, and how it came about, but at the end, I'd just as much rather read about the trading style itself. I just didn't come away from this book feeling like it changed me in any way.

Review

Pros
Provides insight in to a historically successful trading system
Cons
Short on concrete details, similar to other trend following books - they hold their cards close to their chest.
Do you recommend?
No
 

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