Way of the turtle

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Foreword

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P R E F A C E
A
little more than 20 years ago, I was part of a grand experiment 
that has become legendary among traders and investors. Known
simply as the Turtles, the experiment started as a bet between two
famous traders who were also friends: Richard Dennis and William
Eckhardt.
This is my story of that time and what I have learned since then. I
hope that eventually one of the other Turtles will write a more com-
prehensive account of that period. This is not that kind of book. At age
19, I was too much of an outsider to be in a position now to discuss our
collective experience. I was also too young to appreciate much of the
social interaction that occurred within the group as we worked together
and competed for survival as Turtles.
What follows is a portrayal of what I experienced and learned as a
Turtle. Way of the Turtle lays bare the entire experiment, explaining
exactly what we were taught and how we traded. The book details some
of our biggest trades and the rules behind their timing, delivering
insights into what it takes to make millions in the markets. For me, Way
of the Turtle is a story of trading and of life, specifically, how looking at
life the way a great trader does can bring you more joy, a greater range
of experience, and far less regret.
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Copyright © 2007 by Curtis M. Faith. Click here for terms of use. 

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The chapters that follow will examine this perspective as well as the
following topics:
• How the Turtles made money: What it was at the core of the
Turtle trading approach that allowed me to earn more than 100
percent returns for the four-plus years of the Turtle program
• Why some Turtles made more money than others: How the
approach allowed some to be successful while others with the
exact same knowledge lost money
• How the Turtle Way applies to stocks and Forex: How to look
beyond the rules as we implemented them to find core
strategies that work for any tradable market
• How you can apply the Turtle Way to your own trades and in