The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires

4.4 4.4 out of 5 stars | 1,622 ratings

Price: 21.83

Last update: 08-01-2024


Top reviews from the United States

Brandon Nicholson
5.0 out of 5 stars Good read
Reviewed in the United States on March 28, 2024
Item as described and worked as expected. No issues or concerns!
Brad Mills
5.0 out of 5 stars This book is entertaining (and as a side note, it has made me money in the cryptocurrency market)
Reviewed in the United States on June 22, 2016
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.

The author, Michael Covel has a great podcast as well. Don't bother with any of Covel's other books - Trend Following, Trend Commandments, etc are just rehashes of the same story. There's no solid strategy in any of his other books. THIS is the one you want to get.

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.
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Brad Mills
5.0 out of 5 stars This book is entertaining (and as a side note, it has made me money in the cryptocurrency market)
Reviewed in the United States on June 22, 2016
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.

The author, Michael Covel has a great podcast as well. Don't bother with any of Covel's other books - Trend Following, Trend Commandments, etc are just rehashes of the same story. There's no solid strategy in any of his other books. THIS is the one you want to get.

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.
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Tyler Durden
4.0 out of 5 stars Fascinating story
Reviewed in the United States on June 15, 2018
The Complete Turtle Trader is a well written book and a fascinating story about a group of people pulled from a classified add, interviewed, then chosen to participate in an experiment. Two trading partners had a disagreement, one believed anyone could learn to trade successfully, the other believed traders are born not made. So they made a bet to create an experiment to see who was right. There is a lot in this book that will help anyone to be a better trader. It's a great read and a terrific story. It's not a set by step trading system book. It's a story full of insights you can learn from other peoples mistakes and success. It can save you money and time. Well worth the read.
Kevin Childerley
5.0 out of 5 stars This system works
Reviewed in the United States on November 20, 2023
I read every page slowly. This a very well researched book. I would say it’s a classic tale of human nature. The question of putting the turtles together was ultimately, what makes a successful trader? Is it an infallible system or innate ability you are born with. The markets of the world don’t really care. The question is where is the sweet spot in the opportunity. This book will take you on an incredible journey of a reality that was conjured out of thin air. The want ads for the turtle trading system remind me of the tickets to Willy Wonka‘s chocolate factory. What is really interesting is all the characters behind the story and how they emerged.
Amazon Customer
5.0 out of 5 stars Turtle Trading is legit
Reviewed in the United States on October 21, 2016
If you want to trade futures and you need somewhere to start, this system will lay the groundwork to get you going. There are elements to a system like this you have to figure out on your own (paper trade and back test a lot). Your trading platform should be able to calculate all entries, stops, etc. The issue you will find here is capital. If you dont have a hundred grand or more laying around for trading, you will need to be wise about what you are doing as your risk as a percentage of you account may be much higher than what you read, and you will need to be clever about what contracts you look at (outside the scope of this book). You also have to rethink the add ons if you are using limited capital. The real test is to see if you can follow the rules and do what the system says when you think you are smarter than it. Rest of the book is worth reading, but is just backstory. If you have read any of Covel's other books, they pretty much read the same. Just remember, screwing up a futures trade that you are not properly set up in can wipe you out. Not just your trading account, but everything you own. This is not trading stocks. Make sure you understand the risk of futures trading prior to starting. You can always play around on Nadex for fixed-risk derivatives trading.
Bill
3.0 out of 5 stars An honest review
Reviewed in the United States on August 15, 2015
I want to say that I believe that this was the best most objective account and in depth account of the turtle story that I came across.

I gave it three stars because it fell short of my expectations which albeit may have been unfair.

I am going to read more of Covel's writing next on list Trend Following. I am a loyal listener to his podcast I would say that this guy's genius is in his own thinking and investigation and I would expect that other work that is more original or more geared directly toward his passion will has far exceeded this.

I look forward to anything this guy puts out from this point.

It is worth a read but understand this is an account of the Turtle story and is much in a very report / objective fashion.

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