The Complete Turtletrader - The Legend, The Les... -
The book by Michael Covel tells the story of the 1983 experiment where Wall Street legend Richard Dennis bet that anyone could be taught to trade successfully. 🐢 Feature Title: The $400 Million Experiment The Core Narrative
They removed all emotion. If the price hit a certain "breakout" point, they bought or sold without question. the complete turtletrader - the legend, the les...
This was their "secret sauce." They used a formula based on Volatility (N) to determine exactly how much to bet on every trade. The book by Michael Covel tells the story
💡 Success in the markets isn't about "genius" or "gut feelings"—it’s about having a disciplined system and the iron will to follow it even when you’re losing money. If you’d like to dive deeper, I can provide: The exact entry/exit rules the Turtles used. This was their "secret sauce
In just a few years, the group of "average" people—including a professional backgammon player and a fantasy game designer—earned over $100 million for Dennis.
The Turtles followed a strategy. It wasn't about predicting the future, but reacting to what was happening right now.