Russell Sands - Turtle Trading Concepts Complete
Language: English | 704 x 576 | 25 fps | .avi | 4. 95 GB
Quote:The "Turtle" trading program started by Richard Dennis is, by any measure, one of the greatest success stories in the entire history of trading. Here's a brief background: Richard Dennis was a successful (he turned a $400 family loan into $200 million!) Chicago trader and money manager who firmly believed that successful trading methods could be taught. His partner disagreed. Dennis then went out and recruited 14 people - some of whom had NO trading experience - and taught them his trading methods. He called them his "Turtles" and, after a brief training period, they went on to become masters of the markets.
Russell Sands’s Turtle Trading Concepts Rules for
When to get in
Where to get Out
A Money Management formula for HOW MUCH to trade for a given account size and risk preference
How to PLACE ORDERS
How long a trade should last
How to CONTROL your emotions
When you should take profits
When your system might have losses
WHEN to REALLY LOAD UP ON A TRADE and when not to trade at all (this is the biggie!!)
When to add to your positions
pyramiding
How to "dry test" the system without risking a single penny of your money
How to trade the REALLY BIG market trends: BIG TIME
A simple MEASURE OF MARKET ACTIVITY which tells you when to be aggressively long or short
A statistically robust method with Money Management par excellence
A strategy that has been tested real time for 20 years straight on real markets real money
How and why every market is traded the same way! No specialist knowledge of markets is required
New ideas and developments including a new share trading technique that really works
How to "lock on" to the big trends and keep yourself in there when all around you are in a panic
Why this system is perfect for busy people who do not have a lot of time to spare
How you can trade successfully and keep your day job
Russel Sands never finished the Richard Dennis Turtle program -
and is generally considered a scam,mer within the industry.
Here is a mostly free resource for more info on the turtle methods - the magic was mostly in the money management - and the happenstance to having been done in the inflation prone 70s - when all commodities were in trends.
The "best" explanation of the "Turtle" system is now available free from a former Turtle, Curtis Faith, Though he has also had some severe financial difficulties since his "Turtle" days- he is extremely literate and understands personally the risks involved in the tumultuous world of trading.
Russel Sands never finished the Richard Dennis Turtle program -
and is generally considered a scam,mer within the industry.
Here is a mostly free resource for more info on the turtle methods - the magic was mostly in the money management - and the happenstance to having been done in the inflation prone 70s - when all commodities were in trends.
Quote: the magic was mostly in the money management - and the happenstance to having been done in the inflation prone 70s - when all commodities were in trends.
As soon as people will realize that MM and risk management is where the magic is they'll stop chasing the holy grail of wavy line indicators or crystal ball methods and actually start seeing profitable returns over time.
As for Russell Sands’s ah...yeah a scambo a bit like the muppet here in the UK by the name of vince stanzione, these guys coundn't trade for toffee...they are DREAM SELLERS
Let me tell you folks trading IS HARD...even after reading over 100 books on the subject its STILL BL**dy hard!
If you want good FREE info on trading Google: t2w Great free info there...
(07-30-2014 07:20 AM)voodo Wrote: [ -> ]Let me tell you folks trading IS HARD...even after reading over 100 books on the subject its STILL BL**dy hard!
If you want good FREE info on trading Google: t2w Great free info there...
Trading is similar to a performance sport or like being a performing musician. You can't just be book smart about it and do well at it any more than someone could read a book about music theory and playing the piano, go up on stage in front of a live audience, and expect to do well without having put in the hour practicing and learning the instrument. Then on top of that being able to perform live.
Like they say, it's the hardest way to make an easy living.
(07-30-2014 07:20 AM)voodo Wrote: [ -> ]Let me tell you folks trading IS HARD...even after reading over 100 books on the subject its STILL BL**dy hard!
If you want good FREE info on trading Google: t2w Great free info there...
Trading is similar to a performance sport or like being a performing musician. You can't just be book smart about it and do well at it any more than someone could read a book about music theory and playing the piano, go up on stage in front of a live audience, and expect to do well without having put in the hour practicing and learning the instrument. Then on top of that being able to perform live.
Like they say, it's the hardest way to make an easy living.
Exactly.
And , in addition - its a zero sum game (technically - zerominus - since you have expenses) - which means each dollar has to come from someone else.
And lots of the "dumb money is gone.
To the winners go all the spoils.
Its very. very unlikely that you are going to learn to trade successfully with out years of pain - and many loses - since trading real money is light years away from sim trading.
Having said that, it doesn't mean making money is impossible. Like anything else, it just takes learning it, applying it, over coming hurdles and plateaus, and persevering. I've been involved with trading for over 20 years and know plenty of people making good money. Not ironically, all of their stories are similar... drank the kool-aid, had beginner's luck, blew out.. typically more than once, figured out that it's all about money and risk management and not fancy wavy line indicators and red/green buy/sell arrows.
Basically, if you accept the fact that trading is nothing more than betting on an outcome and understand odds betting concepts, you'll do ok.
(07-30-2014 07:20 AM)voodo Wrote: [ -> ]Let me tell you folks trading IS HARD...even after reading over 100 books on the subject its STILL BL**dy hard!
If you want good FREE info on trading Google: t2w Great free info there...
Trading is similar to a performance sport or like being a performing musician. You can't just be book smart about it and do well at it any more than someone could read a book about music theory and playing the piano, go up on stage in front of a live audience, and expect to do well without having put in the hour practicing and learning the instrument. Then on top of that being able to perform live.
Like they say, it's the hardest way to make an easy living.
...I didn't just read books on trading I was DOING it for 10 years,
until I got into Internet marketing, and then marketing for small to
medium size companies - this IS the EASIEST money I have ever made, with
1 caveat, assuming you already have great marketing knowledge then all
you need is to be able to speak confidently to biz owners and be able to... SELL to them!
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