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).

Excellent book on the Turtles!

I've heard the story of the Turtles a few times, and this book gives many of the details that were lacking in those other tellings. I feel like this was a quick read, and that it passed so quickly. A sure sign that this is great tale. The narration was good w/the slight variations to convey the characters & nuances of the Turtles when possible. Overall, I gave it 5 stars because of the great story & its underlying, subtle message that may give hope to all investors: work hard & smart, trade the numbers, stick to the system, and anyone can potentially earn success in trading. I hope this eventually does become a movie!

Not overly informative

The method Dennis taught his students is available on the web so you'd be better off using that and reading another trading book such as one of the wizard books.

For wannabe traders

Loved it. It just shows that, trading is no secret. Anyone can do it if they know the Methods, Mind and Money Management.

Not as good as I thought

Thought it would have a lot more useful info to put to real world action. Basically it outlines a story mostly about an experiment of nature vs nurture. Good if your a stock market history nerd. I was expecting something I could put more into immediate action.

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.

this is not a how-to guide

I bought this book thinking I was going to get an inside on how to trend trade. The information that gives on Trading is very little and not useful for the average trader.

Great book on trend following!

This is the story of Richard Dennis the "Prince of the Pit" and his incredible trend following trading system. I really enjoyed the first hand experiences of the turtles and learning about their trades. There is a large amount of detail here. Great start for any novice trader.

Great story

Great story. Excellent audio and presentation. Really enjoyed this book more than I thought I would.

Very good!

A very good listen for a newbie such as myself. The online .pdf's included makes this audiobook worth my money spent.

valuable for developing trading strategy.

the first few chapters detail how the turtles came about, if like me your reading/listening to this book to improve your own strategy it is longer than it needs to be. The strategies it dose suggest are beneficial.

Excellently presented and very informative!

An excellent book and covers the Turtles from start to... well present day!

This is a must read for any trader or anyone interested in this amazing true story. With such a well researched and compelling story, this has all the ingredients to be a film one day as equals the Big Short for content in my opinion.

great book for to-be traders.

insights into trend trading turtle strategy. definitely a must listen. not all details revealed but still great

interesting story

interesting story about the turtle program from an outsider's perspective. the story is quite to the point about what it was about and what happened. the extra interview was a nice addition however the audio recording of Jerry Parker is not very clear but this does not really take away from the whole listening experience.

Entertaining and well read story.

I enjoyed this audiobook, the reading was good, it flowed well and was engaging for almost all the time.

On occasion it descended into just the montone reading of lists of numbers, which I rapidly found myself zoning out, then missed the beginning of meaningful content and had to skip back.

The only slight annoyance were the interruptions of the author - his material was interesting but delivered as a marketing spiel, we've already bought the book, we don't need to be constantly preached at.

It was ok

Sound quality of the final interview was terrible, I had to turn it off because it was irritating.

Decent history book, but not a finance book.

I've liked the other Michael Covel books I've read, and it was interesting to hear about the famous social/economic experiment that was the basis for his other writings, as well as the basis for a great deal of trading legend. Only a small portion of the book is actually about the practical take-aways for an active trader however. As long as you approach it as a book about history and not a book of trading tips - you'll enjoy it.

Narrator is fine.

Work Smarter

This is a great book, full of investing advice though you will have to listen and replay a few times to truly absorb everything. While the lessons are surprisingly simple, it goes against a lot of the investment advice out there. It's a mindset, so you will either agree or disagree with it. In addition to the investing advice and rationale, I enjoyed the bonus material that gave an update on each turtle trader and where they are today. I'm a full time trader and I found some great nuggets in this book. I highly recommend it. The turtle experience happened some time ago, but the premise is timeless. That's what makes this book so good. You can apply it in good markets and bad. It just works.

Exceptionally gripping stuff

I didn't expect to learn trading from this one book but the story is of the turtle's and some of the mindset of the turtle's is exceptionally told

Expecting a better story

I had higher hopes given the amount of press and reviews this book has had.