The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
$23.03
| Author(s) | |
|---|---|
| Pages |
267 |
| Format |
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| Publication Year |
2007 |
The Complete Turtle Trader by Michael Covel is a fascinating account of one of the most legendary experiments in financial history. In the early 1980s, trading pioneer Richard Dennis set out to prove that great traders are made, not born. Recruiting a diverse group of ordinary people with little or no market experience, Dennis and his partner William Eckhardt trained them in a systematic trend-following method. These individuals—later known as the “Turtles”—went on to achieve extraordinary success, generating hundreds of millions of dollars in profits.
Covel weaves together history, biography, and trading principles to tell the story of how a group of novices became elite traders. He provides a behind-the-scenes look at Dennis’s bold experiment, the training program, and the rules that guided the Turtles’ trading decisions. The narrative illustrates how discipline, rules-based strategies, and emotional control can overcome the uncertainties of financial markets.
Beyond the story, the book distills valuable lessons for traders of all levels. Covel explains the mechanics of the Turtle system, which was rooted in trend-following principles and strict money management. Readers learn how the Turtles were taught to cut losses quickly, let profits run, and stick to their rules regardless of market noise or emotional impulses. These lessons remain highly relevant, offering a timeless framework for successful trading.
What makes this book compelling is its blend of storytelling and practical insight. Covel not only recounts the Turtles’ dramatic rise but also explores the psychology of trading, the importance of resilience, and the role of confidence in executing a system. He also examines the varied outcomes of the original Turtles—some went on to build highly successful hedge funds, while others struggled to maintain consistency—underscoring that success ultimately depends on discipline and execution.
The Complete Turtle Trader is more than a history of a famous trading experiment—it is a guide to understanding the power of rules-based trading. For traders seeking inspiration, education, or proof that disciplined systems can outperform intuition, Covel’s book is both motivational and practical.
Contents:
- Nurture versus Nature
- Prince of the Pit
- The Turtles
- The Philosophy
- The Rules
- In the Womb
- Who Got What to Trade
- Game Over
- Out on Their Own
- Dennis Comes Back to the Game
- Seizing Opportunity
- Failure Is a Choice
- Second-Generation Turtles
- Model Greatness
The Complete Turtle Trader By Michael W. Covel PDF
18 reviews for The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
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Rubin Mcdonald (verified owner) –
This book is what I needed to motivate me on my journey to become a successful trader. Practice and read as many books on the subject as possible and you will be a success.
Quinton Shelton (verified owner) –
Love the style portrayed in this book. Not much more needed in reference to the greatness of the turtles and the legacy of Dennis
Deborah Willis (verified owner) –
If you ever wanted to know regular people can get rich trading the markets. Great story about regular guys and how the succeeded
Norma Davidson (verified owner) –
Good book it really explains practical application to trade stocks
Kelley Ewing (verified owner) –
It describe nothing about the turtles system and how they see the market.
Hunter Bentley (verified owner) –
The book tells the story of the students who learned to trade using the trend following method. The book doesn’t give you trading advice or methodology but it does provide many lessons regarding the life of traders
Shari Burch (verified owner) –
Good story about trading and how it does not neeed to be linked with high academic achievements. Though if traders are looking for tips, unlikely, there are anything in this book that will give you specific tips. Chapter 4 and 5 did highlight techniques and winning edges. Easy read compared to other trading books!
Pasquale Griffin (verified owner) –
Interesting read. But if you are wanting to get some kind of special knowledge of the markets or trading, it’s not really that kind of book imo. Worth reading.
Reid Johnson (verified owner) –
This book should be in every professional and beginner trader’s library. I wish I red this book sooner. I enjoyed this book and learned a lot from the experiences discussed. Thanks to everyone who had a part in this publication. Thank you to the traders who shared their story! I admire your drive, determination and grace. Thanks for sharing your stories.
Horace Ward (verified owner) –
This is about people and the mind of a trader. It’s more psychology than technical trading. I would read this again.
Kathryn Wagner (verified owner) –
This is an amazing story of the how the turtles were formed and the awesome trader Richard Dennis. You get an in depth account of their life and the success they achieved as the Turtles.
I loved the book.
Rogelio Mayo (verified owner) –
It was great book to learn how to trade. It was great knowledge.
Dorian Orozco (verified owner) –
I read every page slowly. This a very well researched book. I would say it’s a classic tale of human nature. The question of putting the turtles together was ultimately, what makes a successful trader? Is it an infallible system or innate ability you are born with. The markets of the world don’t really care. The question is where is the sweet spot in the opportunity. This book will take you on an incredible journey of a reality that was conjured out of thin air. The want ads for the turtle trading system remind me of the tickets to Willy Wonka‘s chocolate factory. What is really interesting is all the characters behind the story and how they emerged.
Lewis Knox (verified owner) –
Item as described and worked as expected. No issues or concerns!
Jenna Peck (verified owner) –
This book reveals nothing about the rules and techniques of the Turtle traders. It is a promotional book for his $2000 class In the book he is harsh with Curtis Faith without cause. I wonder if his criticism of Faith is because he actually wrote a book with disclosing the rules and techniques. Find “Way of the Turtles” by Curtis Faith. One thing this book discloses is the dislike of the Turtles for the author. It reminds me of the old saying “Those that can; Do! Those that can’t teach!” He wants big dollars for disclosing a system other have developed.
Lavern Hammond (verified owner) –
Chronicles the remarkable story of the “Turtle Experiment,” an initiative by trading legends Richard Dennis and Bill Eckhardt in the 1980s. Believing that anyone could be taught to trade successfully, they recruited a diverse group of novices, who became known as the “Turtles.”
The Turtles were trained in trend-following strategies, focusing on identifying and capitalizing on market trends using technical analysis and strict rules for trade entries and exits. This disciplined approach, combined with rigorous risk management, was key to their success.
Despite their lack of prior trading experience, many Turtles achieved significant financial success, validating Dennis’s belief that trading skills could be taught. The book delves into the training process, the specific strategies employed, and the psychological aspects crucial to their performance.
Josefina Conrad (verified owner) –
This is an inspiring story, but it’s so much more than the subtitle and teasers allude. If you are interested in trading, read this book.
Melvin Terrell (verified owner) –
Great read. I have heard this story a few time but never really got the details. This book outlines the age old question of nature vs. nurture. Can ordinary people be trained to beat the market or do they need an extraordinary skillset? Richard Dennis was one of the greatest traders of all time.