The Complete TurtleTrader

How 23 Novice Investors Became Overnight Millionaires

By: Michael W. Covel

Narrated by: Joel Richards

Length: 10 hrs and 8 mins

Publisher's summary

This is the true story behind Wall Street legend Richard Dennis, his disciples, the Turtles, and the trading techniques that made them millionaires. What happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. For two weeks, Dennis taught them his investment rules and philosophy, and set them loose to start trading, each with a million dollars of his money. By the time the experiment ended, Dennis had made $100,000,000 from his Turtles and created one killer Wall Street legend. In The Complete Turtle Trader, Michael W. Covel, best-selling author of Trend Following and managing editor of TurtleTrader.com, the leading website on the Turtles, tells their riveting story with the first ever on-the-record interviews with individual Turtles. He describes how Dennis interviewed and selected his students, details their education and experiences while working for him, and breaks down the Turtle system and rules in full. He reveals how they made astounding fortunes, and follows their lives from the original experiment to the present day. Some have grown even wealthier than ever, and include some of today's top hedge fund managers. Equally important are those who passed along their approach to a second generation of Turtles, proving that the Turtles' system truly is reproducible, and that anyone with the discipline and the desire to succeed can do as well as - or even better than - Wall Street's top hedge fund wizards. These rules worked - and still work today - for everyone.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2007 HarperBusiness (P)2016 Michael Covel

Entertaining & helped me make real money.

Michael Covel's BEST book.

This book is for non-traders. You don't need to have any technical knowledge of trading to understand it and find it highly entertaining and informative.

I recommend it, If anything, to learn about Richard Dennis and his reality TV style antics in the 80s futures markets.

He basically put a craigslist ad up saying that anyone could apply to trade with his system of rules, no experience required, and he’d give them all 1 million dollars of his money to trade with.

The majority of the people had no trading experience, they knew nothing about the markets they were trading in nor how to trade … but they were very successful, some of them are still trading today with their own billion dollar funds.

While reading the book in 2013, it just so happened to be around when bitcoin popped. I started using his rules to trade altcoins and I made a bunch of money following his strategy laid out in the book!

I've actually been using this book as a guideline to trade cryptocurrencies since then on and off, and I've netted well over 6 figures trading the turtle trading method.

I was excited to see it released in audio format, I purchased it for a refresher course.

The author, Michael Covel has a great podcast, and some other trend following books.

Don't bother with any of Covel's other books - Trend Following, Trend Commandments, etc are just rehashes of the same stories. There's no solid strategy in any of his other books. THIS is the one you want to get.

His other books are misleading, the titles sound like there will be strategies in the book that will help you make millions - when in fact it's just a bunch of stories about trend followers. Complete Turtle Trader actually has rules and data that you can use, test & modify.

If you don't get this book you should at least subscribe to his podcast, in fact, in Covel's other audiobooks, he includes about 5 hours of his podcast episodes at the end ... just skip buying the other books and listen to the podcast episodes with the Tom Basso and other traders.

Highly recommend this book (not his other ones).

good story

the narrator was easy to listen too. this could be a movie. there was a lot of interesting drama between the writer and the turtles

Yes. Beautiful Insights

Great information. I never knew anything about the turtles until now. it's very inspirational. the Great American Dream

The STORY not Strategy

First off if you are looking for the Turtles’ strategy you won’t find it here. Once you do find it or learn trend following elsewhere then come back and listen to this story. I enjoyed it so much that I wrote the following message to Michael.

“I read a lot of books on either my kindle app or physical copies, but this was my first audio book and it was a fantastic experience for me.

Being a member of your Flagship program this story really tied it all together for me and think this book should be a mandatory read for your other members after they have read the manifesto. The story was fantastic, but I don’t know if I would have appreciated it like did without thinking about the rules you laid out in your program while putting myself in the turtles’ shoes. The audiobook and that knowledge of the trend following rules made me feel like I was in the story.

At the end of the day it was the exact kick in the ass I needed to go back to the rules and quit trying to be cute with my adjustments that haven’t gotten me anywhere. Thank you Michael!

Oh! If you ever decide to get a group of Flagship members together for a similar experiment I’m in man!”

Learn the strategy then come back and lose yourself in the story!

Interesting

The turtle story is a very good story. This book goes into details outlining what occurred I would’ve liked it to be more in depth. On every rule they followed, and less on the politics and drama, they do go into some depth in chapter 5, but there’s a lot more to learn from their story.

Great Story!

The story of the turtles is one of great mystery, yet very inspiring. Although the author might be somewhat ‘aggressively’ defensive about the book at some times, the information seems to be well researched and curated. I thoroughly enjoyed the book, though I am not an experienced trader myself. Joel Richards is a very good narrator, and did a great job woth this book.

Great Book

Definitely worth the read. You will want to do research into the futures market too after reading this !

Wow !!!

That was amazing one of the best books I’ve ever heard I can’t wait till this is a movie ! Thank you


Grateful55

Let the narrator read.

The story is decently interesting, but the author's voice ruined the experience. He should just let the paid narrator (who was good) read, instead of trying to intert himself in a narcissistic manner.

Not much new

Book is mostly stories without much substance on trading techniques. Small part of chapter covers system which you need paper copy of book or download PDF from their site .