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Details
Condition: Brand New
Format: Paperback
ISBN: 9780061241710
Publisher: HarperBusiness (HarperCollins)
Overview
The Complete TurtleTrader tells the true story of Richard Dennis's famous experiment: recruiting everyday people, teaching them a rules-based trading system, and turning them loose on the markets with real money. Michael W. Covel, bestselling author of Trend Following, secured the first ever on-the-record interviews with the original Turtles to reveal what really happened. Part business history, part investing masterclass, this paperback is essential reading for anyone curious about trend following, discipline, and whether trading skill can genuinely be taught.
About the Book
In the early 1980s, legendary commodities trader Richard Dennis made a bet with his partner William Eckhardt: could ordinary people, with no Wall Street background, be trained to trade as successfully as seasoned professionals? Dennis ran a classified ad in the Wall Street Journal and recruited a strikingly unconventional group of trainees, including a professional blackjack player, an actor, a security guard, and a fantasy game designer. After just two weeks of training in his systematic, rules-based method, he handed each of them a $1 million trading account and set them loose. By the time the experiment ended, Dennis and his partner had earned well over $100 million from the trades of these self-styled "Turtles." Michael W. Covel spent years tracking down the original Turtles for exclusive interviews, and in this book he reconstructs the full story: how the students were selected, exactly what they were taught, how they performed under pressure, and where their careers led afterwards — several went on to become respected hedge fund managers in their own right. Covel also breaks down the actual Turtle trading rules and risk-management principles in detail, showing how a disciplined, trend-following system can be taught, replicated, and passed on to a second generation of traders. The result is a fast-paced narrative that works equally well as a business biography and as a practical introduction to systematic trading.
- First-ever on-the-record interviews with the original Turtles
- Full breakdown of the Turtle trading rules and risk-management system
- Traces the Turtles' careers from the 1980s experiment to today
- Accessible introduction to trend following for non-specialist readers
- Engaging narrative style blending business history with investing education
- Ideal reference for finance students, educators, and trading enthusiasts
About the Author
Michael W. Covel is a bestselling author and entrepreneur specialising in trend following and systematic trading. He is best known for his book Trend Following, now in multiple printings and translated into several languages, and is the founder of TurtleTrader.com and TrendFollowing.com, widely referenced online resources on the Turtles and trend-following strategy. Covel's clear, narrative-driven writing style has made his work popular with both professional traders and general readers curious about how markets really work.
Why You'll Love This Book
A gripping true story with the pace of a thriller and the substance of a serious finance book. Whether you're an aspiring trader, a finance student, or simply fascinated by Wall Street history, this paperback delivers both entertainment and genuinely useful investing insight.
Please Note: Cover shown is the UK edition; ISBN and edition details are as listed above.
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