Books like The Complete TurtleTrader by Michael W. Covel

Michael W. Covel’s The Complete TurtleTrader traces the true story of trader Richard Dennis, his bet with a partner, and the recruitment of ordinary people—none of whom had traditional Wall Street backgrounds—to become the world’s first systematic trend‑following traders. Over two weeks, Dennis taught a handful of novices—among them a professional blackjack player, a pianist, and a fantasy game designer—strict rules for buying and selling commodities and equities. Armed with a million dollars each, they began trading and, within a short time, generated hundreds of millions of dollars for Dennis. Covel documents the selection process, the training, and the practical application of the Turtle system, providing the first on‑record interviews with the original Turtles. He follows their careers from the original experiment to the present, showing how the approach has been passed on to subsequent generations and adopted by today’s leading hedge‑fund managers. In a world saturated with flashy investment tips, Covel argues that the TurtleTrader’s objective, rule‑based methodology remains a reliable guide for disciplined investors seeking real returns.

First publish date: October 1, 2007