The Complete TurtleTrader

How 23 Novice Investors Became Overnight Millionaires

By: Michael W. Covel

Narrated by: Joel Richards

Length: 10 hrs and 8 mins

Publisher's summary

This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires. What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made $100,000,000 from his Turtles and created one killer Wall Street legend. In The Complete Turtle Trader, Michael W. Covel, best-selling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on-the-record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as - or even better than - Wall Street's top hedge fund wizards. These rules worked - and still work today - for everyone.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2007 HarperBusiness (P)2016 Michael Covel

Great Story!

The story of the turtles is one of great mystery, yet very inspiring. Although the author might be somewhat ‘aggressively’ defensive about the book at some times, the information seems to be well researched and curated. I thoroughly enjoyed the book, though I am not an experienced trader myself. Joel Richards is a very good narrator, and did a great job woth this book.

Great Book

Definitely worth the read. You will want to do research into the futures market too after reading this !

Wow !!!

That was amazing one of the best books I’ve ever heard I can’t wait till this is a movie ! Thank you


Grateful55

Great book on trend following!

This is the story of Richard Dennis the "Prince of the Pit" and his incredible trend following trading system. I really enjoyed the first hand experiences of the turtles and learning about their trades. There is a large amount of detail here. Great start for any novice trader.

Great Story!

This is a great story for anyone in the markets. It really puts into perspective that you can't have huge wins without lots of little losses, which is a reality that most traders don't want to believe. Great stuff!

Very interesting story

This is a very interesting story about a group of trend traders from the 70s. It was a different time but the principles still apply. This is not a book that’s going to teach you how to trend follow or make a million $. This is a true story that follows a group of traders on their successful career paths. The book seemed well researched with interviews from the “turtles” who actually participated in these events. This is a very interesting read about a fascinating chapter in financial history.

Inspiring story

Useful and inspiring for beginners. A bit less in technical and analytical details. Only one chapter mentioned.

Trendy

This book has great insights into some of the most legendary traders and how they became leaders of brokerage firms. The update with the 3rd generation turtles was great and gives hope in trading in a range.

Most read.

another trader's classic. most read if intrested in trading. There is no strategies, but the Holy grail within pages of the classic books.

Excellent book on the Turtles!

I've heard the story of the Turtles a few times, and this book gives many of the details that were lacking in those other tellings. I feel like this was a quick read, and that it passed so quickly. A sure sign that this is great tale. The narration was good w/the slight variations to convey the characters & nuances of the Turtles when possible. Overall, I gave it 5 stars because of the great story & its underlying, subtle message that may give hope to all investors: work hard & smart, trade the numbers, stick to the system, and anyone can potentially earn success in trading. I hope this eventually does become a movie!