Have you ever heard of the legendary Turtle traders? Millionaire trader Richard Dennis set off to find out if traders were just born to trade, or if they could be trained to be successful in the markets from scratch. If they could follow rules they could be successful.

The Legendary Turtle Traders - New Trader U -

The key is consistency and discipline. Markets — What to buy or sell. Position Sizing — How much to buy or sell.

Entries — When to buy or sell. Stops — When to get out of a losing position.

True Legendary Trading Stories | Elite Trader

Tactics — How to buy or sell. Excellent books about the Turtle trading program: Showing the Invisible, Discovering the Wealth Shores. Markets — What to buy or sell The Turtles traded all major futures contracts, metals, currencies, and commodities.

The turtles traded multiple markets to diversify risk. Position Sizing — How much to buy or sell Turtle position sizing was based on a markets volatility using the 20 day exponential moving average of the true range. Positions were added to in a winning trend.

Pyramiding Stops — When to get out of a losing position System 1 exited at a 10 day break out in the opposite direction of the entry and System 2 exited arbitrage what is a dual binary options brokers 20 day break out in the opposite direction of the entry.

The Turtles believed that successful traders used mechanical trading systems. They traded liquid markets only.

Legendary trades - Traders Log

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