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 style, so the book is easy and relaxed to read.

Key points:

1. The Drug of Risk – a brief introduction to stock trading, the risks involved, and ways to mitigate them. Types of traders – investors, speculators, scalpers.

2. Training the Turtle Mind – a story about the psychological aspects that, when understood, help one successfully earn money in stock trading.

3. Trading with an edge – what is an edge and why is it so important? Assessing the market to make the right decisions.

4. How to Measure Risk and Manage Money – several chapters laying the theoretical foundations of risk management, allowing you to avoid losing more than planned and earn the maximum.

5. Turtle Style Building Blocks and Practical Trading in This Style – What is the Turtle Strategy, its Basic Principles, and How to Put Them into Practice?

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

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

8. Manage Your Demons – evaluating results and analyzing the failures often encountered by beginners.

The book may be a bit heavy for those unfamiliar with stock market terms , but if you ignore some translation inaccuracies, it's still interesting.

Download The Way of the Turtles .