Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders (Hardcover)

After 25 years, the Turtles come out of their shells

“I could teach a turtle to trade.”

While sightseeing at a turtle farm, legendary commodities trader Richard Dennis bet Bill Eckhardt that great traders didn't have to be born-they could be taught.

To settle the wager, they recruited 23 individuals from all walks of life, gave them accounts to trade, and trained them for two weeks-hence the Turtle Traders.

The Turtles of 1983 earned more than $100 million in less than four years, becoming part of the most famous experiment in trading history. Dennis had won his bet. But the secret to this success has been a mystery-until now.

Shrouded in secrecy for nearly 25 years, the most successful Turtle Trader of them all breaks the silence, revealing his most lucrative trading strategies-and the Turtle legend

Curtis Faith, who was 19 years old when he joined the Turtles, went on to become the most successful member of the group. For the first time, he explains the wildly successful Turtle system-the rules, timing, risks, and rewards that can deliver enormous profits. Faith also shows you how to use this system in the modern market-including how to select the right trades, smooth out returns, effectively diversify, and know when to exit a winning trade.

“The most successful turtle was apparently Curtis Faith. Trading records show that Mr. Faith, who was only 19 when he started the program, made about $31.5 million in profits for Mr. Dennis.”-Stanley W. Angrist, Wall Street Journal

So trading guru Richard Dennis reportedly said to his long-time friend William Eckhardt nearly 25 years ago. What started as a bet about whether great traders were born or made became a legendary trading experiment that, until now, has never been told in its entirety.

Way of the Turtle reveals, for the first time, the reasons for the success of the secretive trading system used by the group known as the "Turtles." Top-earning Turtle Curtis Faith lays bare the entire experiment, explaining how it was possible for Dennis and Eckhardt to recruit 23 ordinary people from all walks of life and train them to be extraordinary traders in just two weeks.

Only nineteen years old at the time - the youngest Turtle by far - Faith traded the largest account, making more than $30 million in just over four years. He takes you behind the scenes of the Turtle selection process and behind closed doors where the Turtles learned the lucrative trading strategies that enabled them to earn an average return of over 80 percent per year and profits of more than $100 million. You'll discover:

• How the Turtles made money-the principles that guided their trading and the step-by-step methods they followed
  
• Why, even though they used the same approach, some Turtles were more successful than others
  
• How to look beyond the rules as the Turtles implemented them to find core strategies that work for any tradable market
  
• How to apply the Turtle Way to your own trades-and in your own life
  
• Ways to diversify your trading and limit your exposure to risk
  

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