Path of the Turtles. A story of dizzying success.

The story is about an experiment that dispelled the myths that only a person with a special education can trade on the stock exchange.

The experiment itself arose as a result of a dispute between two traders, one of whom argued that almost anyone could be taught to trade on the stock exchange, the second expressed the opposite opinion.

As a result, an announcement appeared in various printed publications that a group of students was being recruited to teach trading, and each of those who passed the selection would be given an amount of 1 million dollars.

It should not be forgotten that the events took place in 1983, when such an amount was worth much more than in our time.

More than 1,000 people responded to the advertisements, of which forty were selected; you can read what came of it in the book.

The publication itself is written in an artistic manner, so the book is easy to read and not forced.

Basic moments:

1. Risk drug – a brief introduction to what stock trading is, what risks exist and ways to reduce them. Types of traders - investors, speculators, scalpers.

2. Training the thinking of turtles - a story about psychological aspects, knowledge of which helps to successfully make money in stock trading.

3. Trading with an edge - what is an edge and why is it so important. Assessing the condition of the wound when making the right decisions.

4. How to measure risk and how to manage money - several chapters laying the theoretical foundations of risk management, allowing you not to lose more than planned and earn the maximum.

5. Bricks of the Turtle style and practical trading in this style - what the Turtle strategy is, its basic principles and their implementation in practice.

6. Lies and testing the past - how good are ready-made trading systems sold on every corner and the effectiveness of using historical data for forecasts.

7. Bulletproof systems – are there systems that always work and do not become obsolete over time?

8. Control your demons - assessing results and analyzing failures that beginners often encounter.

The book will be a little heavy for those who are not yet familiar with stock exchange terms , but if you do not pay attention to some inaccuracies in the translation, it is still interesting.

Download The Path of the Turtles .