Take responsibility for your own trades: Don't blame your mistakes and failures on others, the markets, your broker, and so forth. Take responsibility for your mistakes and learn from them.

Turtle Trading: A Market Legend - Investopedia Turtle Trading: A Market Legend - Investopedia

This book reads like a memoir, thus, a more appropriate title should be The Autobiography of a Trained Trader. The first few chapters I find it particularly useful for beginners. The author explained the stages of the getting into the market just like when he first started without knowing anything. I was expecting more about the specific training the turtles received. I was somewhat disappointed at the material included on that subject, but the book was still a worthwhile read. Winning traders make money by exploiting the consistently irrational behaviour patterns of the other traders.To understand why this is important, let's dig further into the components that make up the edge for a system. System edges come from three components:

Way of the Turtle: The Secret Methods that Turned Ordinary

Delay • Desperation Gamble • Pursue • Ride • Toil Enhance • March • Transport Banish • Bargain • Invest • Seize the Day Commerce • Demand • Stampede Reap Enclave Alliance • Populate Hexes: Bad Omens • Delusion ( Deluded ) • Envy ( Envious ) • Famine • Fear • Greed • Haunting • Locusts • Misery ( Miserable / Twice Miserable ) • Plague • Poverty • War Ways: Butterfly • Camel • Chameleon • Frog • Goat • Horse • Mole • Monkey • Mouse • Mule • Otter • Owl • Ox • Pig • Rat • Seal • Sheep • Squirrel • Turtle • WormRemoved cards: Loan • Trade Route Talisman Contraband • Counting House • Mountebank • Royal Seal • Venture Goons Look at prices rather than relying on information from television or newspaper commentators to make your trading decisions.

Way of the Turtle” by - cdn.bookey.app Summary of “Way of the Turtle” by - cdn.bookey.app

Trading edges exist because of divergences in market perceptions and realities that result from cognitive biases. They exist because economists are wrong in their belief that market players are rational. Market players are not rational. Chapter 2 discussed how cognitive biases provide trading opportunities in a theoretical sense. This chapter will discuss that notion in further detail by using actual price data.This book gives an inner view of the turtles program and tells about some of the basics of trading. Yes, his views are a bit biased but there is good introductory information for someone who is starting to trade. Events: Delay • Desperation Gamble • Pursue • Ride • Toil Enhance • March • Transport Banish • Bargain • Invest • Seize the Day Commerce • Demand • Stampede Reap Enclave Alliance • Populate Although the book's title takes its name from a discussion on whether traders are born or bred, the book is an primer for those looking to try their hand at trading. Faith tells us that success can be found in some very simple strategies. He provides the outline for various strategies, all of which have produced success in the market. Surprisingly these strategies have remained productive for many market cycles and Faith speculates on the reasons why this may be so. The real issue for the turtles was a failure to apply the process rather than a failure of the process. Any aspiring trader may wish to dwell on the failure rate amongst the original 'turtles' before committing capital.