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The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires-Michael W. Covel

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Ebook About
"This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires. What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend. In The Complete TurtleTrader, Michael W. Covel, bestselling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on the record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as-or even better than-Wall Street's top hedge fund wizards. In an era full of slapdash investing advice and promises of hot stock tips for ""the next big thing,"" as popularized by pundits like Jim Cramer of Mad Money, the easy-to-follow objective rules of the TurtleTrader stand out as a sound guide for truly making the most out of your money. These rules worked-and still work today-for the Turtles, and any other investor with the desire and commitment to learn from one of the greatest investing stories of all time." Please note that the Kindle edition of The Complete TurtleTrader contains tables that may not display correctly.

Book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires Review :



Most of the book is the somewhat entertaining story of Dennis and the Turtles, but Covel does finally spell out what the Turtles' System One and System Two actually are. Note, however, that the Turtle rules are available online for free. Just search for "Original Turtle Trading Rules" and you can find a PDF. It seems that one Turtle started selling the system, which offended other Turtles who retaliated by posting the rules for free. If the actual system rules are what you are after, you don't need to buy any books.
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.

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