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Way of the Turtle by Curtis M. Faith

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four THINK LIKE A TURTLE

Good trading is not about being right, it is about trading right.If you want to be successful, you need to think of the long runand ignore the outcomes of individual trades.

After witnessing the success of the Turtles, many traders and investors have concluded that Richard Dennis won his bet with Bill Eckhardt that trading can be taught. I don't agree. I think the bet was a draw.

What people do not know is that many Turtles, perhaps one-third to one-half of them, were less profitable than the highest-performing Turtles or were not successful at all. So, although most of the Turtles learned from the experiences of that first month and over the months that followed developed into winning traders, others were dropped from ...

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