"We are going to grow traders just like they grow turtles in Singapore" Richard Dennis. (5TH Sep'89 THE WALL STREET JOURNAL) Find out how traders made their millions in both the bull and bear market with Trendfollowing and CounterTrend trading systems.
Thursday, December 10, 2015
Can the Turtle Trading work for Day Traders?
According to Curtis, the Turtle System Exits were apparently the single most difficult part of the Rules. Waiting for a 10 or 20 day new low can often mean watching 20%, 40% even 100% of significant profits evaporate. "There is a very strong tendency to want to exit earlier. It requires great discipline to watch your profits evaporate in order to hold onto your positions for the really big move”.
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