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Turtle Trading System Background.

Download the turtle trading system rules free from this page. The original Turtles got a bit miffed at other people selling seminars and stuff so a while ago they published all the secrets for free. I think the deal is if you make money you donate some to their chosen charities.

In 1984 Richard Dennis mega successful commodity trader recruited 23 people and taught them to trade using his system and rules. Starting with $100k, 20 of the 23 went on to make about $2mill each.

Not sure where he recruited them from. Would be nice to think he just rocked up at McDonalds in a big car and Italian suit...."Hey any of you dole bludgers wanna make a million Bucks?...Cool pile in the back" .....Probably not.

You can read about Richard Dennis in Jack Schwager's book Market Wizards. The rest you get free from the original Turtles

Turtles on Stocks.......Turtle Soup 
 
People don't realise that the turtles system was designed for commodities not stocks. Basically it is a breakout system where by getting on and STAYING ON a big move you make a big bucket of money which covers the losses on the breakouts that fail.
 
The thing with commodities is they do make those really big killer moves. Now with stocks you can get proportionately less move so on alot of backtests Turtles loses money on stocks. While you do still get good big winning trades trades from time to time the number of losses where the breakout fails causes you to lose in the end.
 
Some traders even recon that trading against the Turtle entry on stock is a winning system because alot times the Turtle entry point is exactly where the breakout fails so you get a good move in the other direction....Trading rule false breaks lead to fast moves (in the opposite direction). This is called Turtle Soup

Click the logo to visit the turtles site
 
There is a Pdf download of the trading rules on their system page.
 
 

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Madcow's Traders Bookshop. All the books you can read on

 

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