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Turtle Trader
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Overall Score:
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Comment:
Has attained a large following, some useful
methods here. Full scorecard coming soon. |
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TurtleTrader.com®
teaches how the great traders have made big money
over the last 30 years. TurtleTrader.com® is the 'Trend
Following' education & research leader. Clients since
1996 (in 70 countries) have come to here for unique
insights on how the 'pros' really trade. |
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If you want the
chance for monster returns in up & down markets, in stocks,
futures, forex and commodities, we teach beginners to hedge
fund managers. Our comprehensive range of educational products
and resources includes home study system trading package,
books, free podcasts and more.
TurtleTrader® is replete with data, research and insights with
sources and contacts from every corner of the world. Over the
years TurtleTrader® has become a living, breathing entity
updated continuously with feedback from thousands. All of
these sources make TurtleTrader® one of the largest and
strongest trading community on the web.
Trend Following (and the Turtle trading system) is reactive
and systematic by nature. Trend Following does not forecast or
predict markets or price levels. Prediction is impossible!
Trend Following demands that you have strong self-discipline
to follow precise rules. It involves a risk management system
that uses current market price, equity level in an account and
current market volatility. Trend Followers use an initial risk
rule that determines your position size at the time of entry.
This means you know exactly how much to buy or sell based on
how much money you have. Changes in price may lead to a
gradual reduction or increase of your initial trade. On the
other hand, adverse price movements may lead to an exit for
your entire trade. Historically, Trend Following trader's
average profit per trade is significantly higher than the
average loss per trade.
Trend Following is not a Holy Grail. It is not some passing
fad or hyped-up secret black box either. Beyond the mere
rules, the human element is core to the strategy. It takes
discipline and emotional control to stick with Trend Following
through the inevitable market ups and downs. Keep in mind
though, Trend Followers expect ups and downs. They are planned
for in advance.
The most critical factor of Trend Following is not the timing
of the trade or the indicator, but rather the determination of
how much to trade over the course of the trend.
Trend Following is grounded in a system of risk control and
money management. The math is straightforward and easy to
learn. During periods of higher market volatility, your
trading size is reduced. During losing periods, positions are
reduced and trade size is cut back. The main objective is to
preserve capital until more favorable price trends reappear.
Cutting losses is the way to stay in the game.
Trend Following should be systematic. Price and time are
pivotal at all times. Trend Following is not based on an
analysis of fundamental supply or demand factors. Trend
Following does NOT involve seasonals, point and figure, Market
Profile, triangles or day trading. |
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Trading System Review
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