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Title: The Complete TurtleTrader: The Legend, the Lessons, the Results
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Manufacturer: Collins
List Price: $25.95
Our Price: $14.39
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| Customer Reviews: |
| The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins Fascinating | | This book is full of important lessons that any trader can take to heart. It really justifies the effectiveness of technical analysis and as a young person just getting started in the world of finance i feel that the nurture debate provides a kind of hope for anyone involved in short term investing. | | The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins If you have any interest in doing the work needed to make the big money trading, this is the book for you . | As it says on the flyleaf, "If you want to understand the real world of trading, read this book" . The book reads like a novel since Covel is a clear, concise writer with a personable style.
I learned a lot of the background needed to understand where this famous trend following system came from, as Covel is an excellent researcher. I was unaware that Richard Dennis decided to run a training school to prove that great traders (Turtles) can be taught. (Nurture vs nature). Covel provides a clear description of the Rules to the Turtles. Proof that these rules work is the included career track records of very wealthy people who followed the Rules.
I loved Charlie Munger's ( Warren Buffets No 2 guy) quote, " In my whole life I have known no wise people over a broad subject matter area who didn't read all the time - none, zero."
Lesson learned on entrepreneurs. Nancy Upton and Don Sexton , of Baylor University pinpointed nine traits of those who become fabulously wealthy entrepreneurs:
1. Nonconformists - lower need to conform indicating self-reliance
2. Emotionally aloof- not necessarily cold to others, but can be oblivious
3. Sky divers - lower concern for physical harm, but does change with age
4. Risk takers - more comfortable taking it
5. Socially adroit - more persuasive
6. Autonomous - higher need for independence
7. Change seekers - like novel approaches. This is different than 99% of all other people
8. Energetic - higher need / or ability to work longer
9. Self-sufficient - don't need as much sympathy or reassurance, but they still need to form networks so self-sufficiency need not be taken to extremes.
If you have any interest in doing the work needed to make the big money trading, this is the book for you . Perhaps like me you are interested but would prefer to be able to find a trader that shares your philosophy who will do the work, then you need this book. Or perhaps you just like to read about people making scads of money trading and like Charlie Munger says you read/learn all the time.
| | The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins Great 1980's Story and Trading System 100% Applicable Today! | In The Complete TurtleTrader, author Michael W. Covel provides great journalistic insight into the Legend of the Turtle Traders. He makes the book relevant linking the stories of the 80's to today's socio-economic news. This book includes all elements of a rapid 'page-turner' including a true story based on legendary traders (Richard Dennis and William Eckhardt), an amazing premise of giving someone the opportunity of a lifetime to make millions of dollars if you follow a system (the Turtles), an overview of the philosophy and the rules of the system they used to trade and the element of uncertainty on how it would turn out for each of the Turtle Traders that were lucky enough to be considered and included.
The beauty of this book is that it shows that even if a room full of people are all given the exact same rules, the exact same trading principles and the exact same training, there will be different results based on the execution strategies of each individual - and he delves into the backgrounds and 'mental makeups' of some of those individuals.
Michael Covel has done a fantastic job of incorporating a multitude of elements that resonate with ANY entrepreneur, aspiring and experienced trader, Wall Street (the movie) fan, and motivated/disciplined 'Type A' people looking for a fast-paced read. Well done!! | | The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins excellent book for those who really want to use this trading system | This book is wriitten by someone who does not claim to be a turtle trader himself but he has explained the trading system threadbare and in simplest of English. The style of writing is innovatove and grasping. I really like the chapter no. 4 ( The philosophy) and 5 ( The Rules). These two chapters are in itself comprises the whole book . The most satisfying part is that after reading the book one can straight away apply the trading system and that includes even novices.
Lastly, I have read books written by real turtles also but they hide more than they reveal (unlike this book). Hats off to Mr Covel for this excellent effort. | | The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins Definitely Worth Reading | As a big fan of Michael Covel's work (blogs and books), I found "The Complete Turtle Trader" did a respectable job of documenting the people that worked for Richard Dennis. Covel is an expert on this subject, as evidenced by the exhaustive analysis in "Trend Following".
"Turtle Trader" turns out to be more of a "history" than a "manual". I was hoping for deeper explanation of techniques of the original experiment or even the next generation's take on those techniques. The Turtles were secretive, and this book doesn't do enough to break the code.
Deficiencies aside, it's still a good story, just not a roadmap to using the techniques. | | The Complete TurtleTrader: The Legend, the Lessons, the Results by Collins Product Description | 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. |
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