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Do The Turtle Trading Rules Still Work
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Preview — The Complete TurtleTrader by Michael W. Covel
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 b..more
More lists with this book..
type 2 error - accepting something that should have been rejected.
edge = winning % X avg winner + losing 5 X avg loser
1. calculate your edge for every trading decision because you cannot make bets if you do not know your edge. it is not about the frequceny of being correct, but the magnitude.
2. buy rallies - watch high low close. trading decisions shoudl all be based on price.
3. embrace shorting.
S1 - 4 week (20 trading day) price..more
Instead, it tells the tale of a small group of exceptional individuals selected from a larger pool of motivated volunteers by an expert in the field. They were given a mundane but previously successful trading method to execute (following trends, with fixed rules for when to get in and out) and it did mostly continue to work. Later, some went on to g..more
The best thing about this method is that one is not required to watch MSNBC, Bloomberg TV or the Report on B..more
Do not expect in-depth trading strategies from this book. This is a n..more
First, I want to enjoy an entertaining read; and, on the side, learn something. The Big Short: Inside the Doomsday Machine taught me stuff about financial instruments that I never knew before. And Lewis packaged it nicely in a tale rife with human interest. I didn't place any trades based on what I'd learned, but it was still an entertaining and informative read.
Seco..more
Its great book that details the background, motivations, and thinking of all the key players and supporting players.
I really appreciated how the Covel made key distinctions later in the book on the differences in the results of the turtles during Dennis' supervision and the success after the experiment was halted. Covel described the differences in character traits and mindsets that we..more
Would recommend another resource if you want to learn about this trading methodology.
The Complete Turtletrader Rapidshare Downloads
Didn’t really need the writers comments in the audiobook.