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Indlæser... The Complete TurtleTrader: The Legend, the Lessons, the Results (udgave 2007)af Michael W Covel (Forfatter)
Work InformationThe Complete TurtleTrader: The Legend, the Lessons, the Results af Michael W. Covel
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Bliv medlem af LibraryThing for at finde ud af, om du vil kunne lide denne bog. Der er ingen diskussionstråde på Snak om denne bog. The "true" story ... but without enough details to track it or replicate it. Technical analysis using a "system" and averages to trade anything which has a price and volatility. “Are great traders born or can they be taught?” This is a question that countless thousands of hours have been squandered pondering. Thanks to Michael W. Covel it is now rendered moot. Great traders can be taught. And those having learned the lessons can pass the secrets on to others. Richard J. Dennis, a trading impresario of the Chicago pits in the '70s and '80s, believed anyone with the right training could do it. To prove his point, he and his partner recruited, trained and backed his apprentices with $1 million dollars a piece. "We are going to grow traders just like they grow turtles in Singapore," Dennis said after seeing a breeding farm there. In the beginning they had little in common, other than smarts and the ability to recognize and seize an opportunity. By the time the experiment was over, they had made their employer more than $100 million. Covel does a masterful job explaining the system. The rules are simple. The discipline and preparation required to implement them is not. They are detailed in two short chapters. I have never read a “beat the market book.” I am too much of a cynic. This book is different. Covel breathes life into the Turtles. His narrative describes their triumphs, frustrations, jealousies and doubts these trading masters experienced. It paints a vivid picture of the trading life and the system that made them so successful. Penned by the Pointed Pundit November 29, 2007 4:02:54 PM ingen anmeldelser | tilføj en anmeldelse
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 Turtle Trader, 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. No library descriptions found. |
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