17 of 18 people found the following review helpful
Top of the trading book list!,
This review is from: Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders (Hardcover)Way Of The Turtle is the first ever credible account of how Richard Dennis's legendary Turtle experiment managed to turn ordinary mortals into successful traders.
Much more than just a story of success, Way of the Turtle explains how Turtle methods were implemented and why, within a framework of outstanding results, some Turtles made lots of money and some lost money.
The reasons for this variation in individual performance are in themselves a fine lesson in trading but there is much more. You may be surprised to learn that many of the things you imagined were vital for success are of small concern. Does a trader know or even care what his next trade will do? Will you be surprised to discover that your system rules are fairly unimportant?
Way of the Turtle gets right down to the essentials of trading - why you must have an edge and how to find it, how to manage risk, avoiding the traps that catch most traders and evading the constant threats to divert you from following your system.
Written by the most successful of all the Turtles, this book must rank at the top of the list of all trading books ever published. You can't afford to wait for your best friend to buy this book for you!