Way of the turtle

vi
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Acknowledgments

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ing out assumptions I had made that might not be obvious to new read-
ers. The book is much better because of his suggestions. Thank you,
Mark.
Tom Rollinger came to me several years back and asked me to teach
him how to trade. I was impressed with his single-minded pursuit of
the goal of being a great trader. His determination was the impetus that
got me to return to trading after a 15-year hiatus. I would not be writ-
ing this book had he not come to me. Thank you, Tom.
I would also like to thank everyone who took the time to read early
copies of the manuscript and give me honest feedback: Brett Steenbarger,
a trader and author who runs a trading blog at http://traderfeed
.blogspot.com; Mike Taylor, who runs the blog at http://taylortree.com;
David Bromley, who runs the trading education company Modus Trad-
ing (http://www.modustrading.com); John Knott; Anthony Garner; and
Jennifer Scofield.
Finally, I want to thank Van Tharp and Melita Hunt for recom-
mending me to McGraw-Hill as a potential new author. And Van for
taking the time out of his very busy schedule to read my book on short
notice, for his candid feedback, and for writing a very nice foreword.
This means a lot to me. Thank you, Van and Melita.
Acknowledgments
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C O N T E N T S
Acknowledgments v
Foreword xi
Preface xvii
Introduction xix
one
Risk Junkies 1
two
Taming the Turtle Mind 13
three
The First $2 Million is the Toughest 29
four
Think Like a Turtle 47
five
Trading with an Edge 63
six
Falling Off the Edge 75
seven
By What Measure? 85
eight
Risk and Money Management 109
nine
Turtle-Style Building Blocks 123
ten
Turtle-Style Trading: Step by Step 131
eleven
Lies, Damn Lies, and Backtests 151
twelve
On Solid Ground 179
thirteen
Bulletproof Systems 207
fourteen
Mastering Your Demons 223