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    The Complete Turtletrader: How 23 Novice Investors Became Overnight Millionaires (Paperback) By (author) Michael W. Covel

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    DescriptionRichard Dennis, 'the Prince of the Pits', a man who'd already made a fortune on the Street, was convinced that great trading wasn't a gift from God, but something that could be taught to anyone. So one day he made a bet with his partner, and ran a classified ad in the "Wall Street Journal" looking for trainees. And he didn't just hire finance professionals: his trainees - who became known as the 'Turtles' - included an actor, a security guard, two professional blackjack players, a pianist, a fantasy game designer, and others. After two weeks of training, he set them loose, with a $1 million bankroll each to invest as they chose, and the right to keep a share of their trading gains for themselves, as long they adhered to the Turtle system.By the time the program ended, Dennis and his partner had made over $120 million - from trades made by complete novices. Many of these Turtles then went on to trade for themselves, and some are among the top investors operating today. As fascinating as Dannis and the Turtles' story is, Covel doesn't stop there. He lays out, in detail, the exact system the Turtles used to reap their millions. And because the Turtle system is a form of so-called technical investing, meaning the Turtles weren't concerned about the fundamentals of the investments they made, it is an investing strategy where a Wall Street operator, plugged into the second-by-second madness of finance, has no advantage over an ordinary investor.And Covel takes us step-by-step through all the details needed to apply this at home. In "Turtletrader", Michael W. Covel, author of "Trend Following" and managing editor of TurtleTrader.com, tells the riveting story of the Turtles, their selection, their training, how they made (and lost) astounding fortunes, and certainly not least, the tools readers will need to start trading like Turtles themselves.


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  • Full bibliographic data for The Complete Turtletrader

    Title
    The Complete Turtletrader
    Subtitle
    How 23 Novice Investors Became Overnight Millionaires
    Authors and contributors
    By (author) Michael W. Covel
    Physical properties
    Format: Paperback
    Number of pages: 288
    Width: 135 mm
    Height: 203 mm
    Thickness: 16 mm
    Weight: 220 g
    Language
    English
    ISBN
    ISBN 13: 9780061241710
    ISBN 10: 0061241717
    Classifications

    B&T Merchandise Category: GEN
    B&T Book Type: NF
    BIC E4L: FIN
    B&T Modifier: Region of Publication: 01
    Nielsen BookScan Product Class 3: S4.9
    B&T Modifier: Academic Level: 05
    BIC subject category V2: KFFM
    Ingram Subject Code: BE
    Libri: I-BE
    Warengruppen-Systematik des deutschen Buchhandels: 27840
    DC22: 332.6
    BISAC V2.8: BUS036000, BUS014000
    B&T Modifier: Subject Development: 12
    B&T Approval Code: A47501000
    LC subject heading:
    BISAC V2.8: BUS050020
    B&T Approval Code: A47450000
    LC subject heading:
    B&T General Subject: 605
    DC22: 332.6440973
    LC subject heading: , , , ,
    DC22: 332.64/40973
    LC subject heading:
    LC classification: HG6046.5 .C68 2008
    Thema V1.0: KFFM
    Illustrations note
    black & white illustrations, black & white tables, charts
    Publisher
    HarperCollins Publishers Inc
    Imprint name
    HarperBusiness
    Publication date
    15 March 2009
    Publication City/Country
    New York
    Author Information
    Michael W. Covel is the author of the bestselling book Trend Following, now in its seventh printing and translated into eight languages. Covel speaks regularly on the subject of trading and is managing editor of TurtleTrader.com, the leading news and commentary resource on insights into the Turtles. He lives in California.
    Review quote
    "Tells the 'real stories' rather than just the glossy good bits--a thoroughly good read." -- Your Trading Edge "This warmly written book brilliantly captures the formation and evolution of the legendary Turtle investment program. It is loaded with wonderful anecdotal insights plus lessons on trading, risk, and life we should all follow. It should be on any novice or seasoned trader's bookshelf alike. A must read!" -- Michael Shannon, Original Turtle