The Complete TurtleTrader: How 23 Novice Investors by Michael W Covel - Non Fiction Finance Paperback

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 t