The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
B**S
This book is entertaining (and as a side note, it has made me money in the cryptocurrency market)
This book is for non-traders. You don't need to have any technical knowledge of trading to understand it and find it highly entertaining and informative.I recommend it, If anything, to learn about Richard Dennis and his reality TV style antics in the 80s futures markets.He basically put a craigslist ad up saying that anyone could apply to trade with his system of rules, no experience required, and he’d give them all 1 million dollars of his money to trade with.The majority of the people had no trading experience, they knew nothing about the markets they were trading in nor how to trade … but they were very successful, some of them are still trading today with their own billion dollar funds.While reading the book in 2013, it just so happened to be around when bitcoin popped. I started using his rules to trade altcoins and I made a bunch of money following his strategy laid out in the book!I've actually been using this book as a guideline to trade cryptocurrencies since then on and off, and I've netted well over 6 figures trading the turtle trading method.The author, Michael Covel has a great podcast as well. Don't bother with any of Covel's other books - Trend Following, Trend Commandments, etc are just rehashes of the same story. There's no solid strategy in any of his other books. THIS is the one you want to get.If you don't get this book you should at least subscribe to his podcast, in fact, in Covel's other audiobooks, he includes about 5 hours of his podcast episodes at the end ... just skip buying the other books and listen to the podcast episodes with the Tom Basso and other traders.
B**N
Good read
Item as described and worked as expected. No issues or concerns!
J**N
Interesting story and enjoyable reading
The book tells the story of the students who learned to trade using the trend following method. The book doesn't give you trading advice or methodology but it does provide many lessons regarding the life of traders
D**N
inspiring
This is an inspiring story, but it’s so much more than the subtitle and teasers allude. If you are interested in trading, read this book.
J**N
Would order here again.
Really pleased with this purchase.
B**N
Light reading around Turtles, almost nothing to learn
The opinion about the book might be completely different depending on what you expect.If you want a fiction, light reading to spend some time - this is exactly it. In this case I'd put solid "5" on this book.But, if you want to learn more about experiment itself, rules, etc., this is not a book for you. I did not learn anything in addition to what I already new from online free PDF and Curtis Faith book, which is BTW much better than this one. Fro this perspective it deserves "1" or "2". So, total is a solid "3" or maybe very-very light "4".And one more thing - Covel seems to have some grievance towards Faith and spends quite a time to discredit him. This does not feel appropriate.
K**Y
This system works
I read every page slowly. This a very well researched book. I would say it’s a classic tale of human nature. The question of putting the turtles together was ultimately, what makes a successful trader? Is it an infallible system or innate ability you are born with. The markets of the world don’t really care. The question is where is the sweet spot in the opportunity. This book will take you on an incredible journey of a reality that was conjured out of thin air. The want ads for the turtle trading system remind me of the tickets to Willy Wonka‘s chocolate factory. What is really interesting is all the characters behind the story and how they emerged.
T**I
Good book on the Turtles
I, like everyone it seems, am intrigued by the whole Turtle Trading idea. I am one of those people that has spent a lot of money on books and classes always trying to hone my investing skills and admitedly looking for any "edge" that I can get. I purchased this book with the hope that it would give me a little insight into the system that the Turtles used to succeed and unlike other Turtle books this one actually delivered for the most part. There is a chapter that talks about calulating your "Expectation" or edge when calculating performance or tradeing methodology. Mind you there was no real "system" that was divulged line by line, however this book went further than others to explain the thought and methodology that went into the Turtle trading training. One thing that might be reassuring to non-day traders is the premise layed out in the book that the Turtles spent a lot of time sitting around doing nothing. They did not force trades and only placed trades when the conditions were favorable. When a trade was initiated there were definite exit strategies that were not varied from. For someone like me who if very "systemetized" this was nice to know. Now if we could just find the ever-elusive full proof system.The other thing that was different and informative was that it gave you the success rates of many of the Turtle traders. It also talked about what some of the Turtles did after they they left and were out on their own.All in all this was a pretty good book. It might have been nice to have more real world examples of how the methods are/were applied but overall it was a pretty easy read and gave a little more insight into the Turtles and what made them so successful.
A**O
Trader
Ótimo livro pra quem quer iniciar no mercado financeiro.
W**A
Fascinating and really useful insights
Great, complete insight into how it all worked and why. Fascinating to see how simple it all is in many ways but why that simplicity is so hard for the overage Joe to do...
M**O
storia davvero avvincente
la storia si legge in un fiato (e se uno è un appassionato del film Una Poltrona per Due, anche con affetto). Sull'attualità delle strategie proposte... sospendo il giudizio.
A**M
Good book to read
It's easy to understand and fun to read. A great guide to investments in property, business and stock. Highly recommended.
D**I
Superb book
Very nice book. Don't read it for strategy point of view - but read it more from wonders one can do with Discipline in trading
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