9/18/2023 0 Comments Super toss the turtle strategy![]() Exits: when to get out of a winning position.Stops: Where to get out of a losing position.Position Sizing: How much to buy or sell. ![]() The components of the Turtle Trading system are as follows: The Turtle Trading Strategyīasically, the Turtle system focused primarily on commodities, but the same system can be used in the Forex market as well because is a technical system it can be applied to any asset classes. In essence, the Turtle strategy is a trend following system and is designed more for the long-term traders. Going forward you’re going to learn more about the Turtle trading strategy and the rules of the system. The Turtle experiment proved that successful trading can be taught as the group was able to generate millions of dollars in profits. In order to find out if successful trading can be taught, they hired a group of people called The Turtles and they were put through a rigorous training program and afterwards they were given a million dollars to trade. Richard Dennis believed that average people could be trained and taught specific rules in order to become a profitable trader while William Eckhardt believed that trading success was a function of your innate talent and could not be taught. The Turtle Trading Strategy was actually born because of a disagreement between Richard Dennis a commodity speculator and his trading partner William Eckhardt over nature and nurture philosophy. ![]()
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