The Way Of The Turtle : The Secret Methods That Turned Ordinary People Into Legendary Traders

Description

This is the first definitive book on the legendary Turtle Traders, their story, their methods, and the secrets to their 100 percent annual returns. It is written by the most successful Turtle of all, after decades of secrecy. It includes behind-the-scenes strategies and step-by-step techniques that today's traders can use to achieve maximum profits in the most volatile markets.

Author description

Curtis M. Faith was the most successful of the Turtles, earning more than $30 million for Richard Dennis while trading as a Turtle. He is one of the industry's leading pioneers of mechanical trading systems and software. Faith is currently head of research and development for Trading Blox, LLC, a company that specializes in software for trading system analysis and development. He also runs an Internet forum for mechanical system traders at tradingblox.com/forum.

Table of contents

Introduction: The Bet that Launched the Turtles

One Turtle's Story The Turtle Way -- How the Turtles Made Money The Basic Elements of The Turtle Way Trading Psychology -- Preparing Yourself to Do the Right Thing Money Management -- Staying Alive through Tough Times Cutting Losses -- Knowing When to Get Out of a Losing Trade Letting Profits Run -- When to Exit a Winning Trade Catching the Wave -- How to Enter a Position Diversification -- Smoothing Out Your Returns Limiting Risk -- Protecting Against Disaster 16 Systems Part I -- Finding a Strategy that Fits You Systems Part II -- Avoiding the Pitfalls of Testing Systems Part III -- Going from Testing to Trading