Last Updated on 10 February, 2024 by Rejaul Karim
Why are some of the Original Turtles giving away Rules for which others have charged thousands of dollars? Are these the actual Original Turtle Trading System rules?
The Turtle Trading Strategy was a Complete Trading System.
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The Turtle Trading experiment was seen as a tremendous success. Market conditions are always changing, and some question whether this style of trading could survive in today’s markets.
Turtle Trading is based on purchasing a stock or contract during a breakout and quickly selling on a retracement or price fall. The Turtle Trading system is one of the most famous trend-following strategies.
In 1983, trader Richard Dennis and William Eckhardt engaged in an experiment to prove whether trading could be taught. This Turtle trading experiment incorporated the Turtle Trading method.
No doubt you’ve heard of the huge profits made by the Turtle Trading System. Created by Richard Dennis, after he cashed in for millions, the system is a collection of simple tactics and rules that, when combined, create magic.
Dennis believed that anyone could trade this system for huge profits, even if they had never before traded. To prove his point, he recruited 24 traders, the original Turtle Traders, and taught them his secrets. The result: these two dozen traders have generated over one billion in profits.