How To Win Like The Turtles
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System that helped Richard Dennis grew
$400 into $200million…
If you are an avid trader, you have probably heard about the legendary Turtle Trading System or even read books about the Turtles. In case you are still wondering what turtles had to do with trading the markets, let us shed some light by going back a few decades to a watershed event in the history of trading.
It all started back in 1983. Richard Dennis was a trader who became well-known because he turned $400 into a $200million fortune just by trading the markets. His partner, Bill Eckhardt, was certain it was due to Dennis’ in-born genius and not replicable. Dennis however felt that it was due to a simple system he followed and most importantly, anyone with some reasonable intelligence could do the same. To settle the debate, Dennis and Eckhardt decided to do an experiment.
“Are Great Traders Born Or Made?”
Can ordinary people be trained to become Great Traders and create massive wealth from the markets? Dennis believed that he could take ordinary folks from the streets and turn them into great traders “…just like they grow turtles in Singapore!”
To summarise, Richard Dennis did an experiment with a group of ordinary folks, some who have no experience in trading, taught them how to trade using his system over a period of time. And the results? Five years later, his students, called the ”Turtles”, earned an aggregate profit of $175million!