The Free Book Way of the Turtle: A Summary
Chapter 1 What's The Free Book Way of the Turtle by Curtis Faith
"Way of the Turtle" is a book written by Curtis Faith. Published in 2007, it describes Faith's experiences as one of the original "Turtle Traders" and his journey in becoming a successful trader.
The book is based on the famous experiment conducted by Richard Dennis, where he trained a group of novice traders, known as the "Turtles," with a set of specific trading rules. Faith was one of the fortunate few who got the opportunity to be part of this experiment and work side by side with Dennis.
In "Way of the Turtle," Faith shares his personal story and provides insights into the trading system and techniques taught by Dennis. The book covers various aspects of successful trading, including money management, risk control, entry and exit strategies, and psychology. Faith also explains the philosophy behind the Turtle system, which focused on trend-following and systematic trading approaches.
By sharing his experiences and the lessons he learned, Faith aims to guide aspiring traders in developing a disciplined and profitable trading approach. "Way of the Turtle" serves as a valuable resource for anyone interested in trading and seeking to understand the principles and strategies behind successful trading methods.
Chapter 2 Is The Free Book Way of the Turtle A Good Book
The book "Way of the Turtle" by Curtis Faith is generally regarded as a good book by many readers. It recounts the story of how a group of novice traders, referred to as the Turtles, were trained by renowned trader Richard Dennis and went on to achieve significant success. The book discusses the trading techniques, strategies, and mindset employed by the Turtles, as well as their experiences in the markets.
However, opinions on the book can vary depending on personal preferences and expectations. Some readers find the book to be educational, well-written, and insightful, providing valuable lessons and principles for trading. Others feel that it lacks comprehensive detail and practical implementation advice, or that it focuses too much on the personal experiences of the author rather than the actual Turtle system.
Ultimately, if you are interested in learning about the Turtle trading experiment and gaining perspective on successful trading strategies, "Way of the Turtle" can be a worthwhile read. However, it is recommended to supplement your knowledge with additional resources to gain a more well-rounded understanding of trading.
Chapter 3 The Free Book Way of the Turtle by Curtis Faith Summary
"The Way of the Turtle" by Curtis Faith is a book that delves into the methods and techniques used by a group of novice traders, known as the Turtles, who were trained by legendary trader Richard Dennis. The book offers valuable insights into the principles and strategies employed by these traders in their quest for success in the financial markets.
Faith begins the book by providing a background on the origins of the Turtle experiment. Richard Dennis, a successful commodity trader, believed that anyone could be taught to trade successfully if they had the right set of rules and discipline. He recruited a group of 23 individuals, known as the Turtles, who had little to no trading experience, to test this theory.
The Turtles underwent an intensive training program where they were taught a mechanical trading system based on specific rules and indicators. They were instructed to follow these rules precisely, without any deviation or discretion. This approach, known as systematic trading, was a departure from the prevailing discretionary methods used by most traders.
Faith discusses the various components of the Turtle trading system, including position sizing, entry and exit techniques, and risk management. He highlights the importance of following a rigid set of rules and avoiding emotional decision-making. The Turtles were trained to focus on cutting losses quickly and letting profitable trades run, leading to a favorable risk-to-reward ratio.
The book also explores the psychological aspects of trading and the challenges faced by the Turtles. Faith delves into the importance of mental discipline, overcoming fear and greed, and maintaining consistency in trading decisions. He emphasizes the need for traders to stick to their predetermined plans and avoid impulsive or emotional trading.
"The Way of the Turtle" provides readers with practical trading advice and a unique perspective on what it takes to succeed in the financial markets. It demonstrates that with the right set of rules, discipline, and proper risk management, even novice traders can achieve success.
Overall, this book offers valuable insights into the methods employed by the Turtles and serves as a valuable resource for traders looking to develop their own systematic trading strategies.
Chapter 4 The Free Book Way of the Turtle Author
Curtis Faith is an American author, trader, and entrepreneur. He is most well-known for his book "Way of the Turtle," which was published in 2007. The book explores his experience as a member of a legendary trading experiment conducted by Richard Dennis and William Eckhardt, where they trained a group of novice traders, known as the Turtles, to become successful traders in the 1980s.
Aside from "Way of the Turtle," Curtis Faith has also written another book called "Inside the Mind of the Turtles," which was published in 2009. This book offers further insights into the Turtle trading experiment and delves into the psychology and mindset of successful traders.
Between the two books, "Way of the Turtle" is considered the most popular and widely acclaimed. It has gained a significant following in the trading community and is known for its practical advice and strategies.
In terms of editions, "Way of the Turtle" has been published in various editions over the years. The original edition was published in 2007. Later editions, such as the paperback edition or reprints, may include updates and additional content. The best edition to choose would depend on the specific content and updates you are interested in obtaining.
Chapter 5 The Free Book Way of the Turtle Meaning & Theme
The Free Book Way of the Turtle Meaning
The book "Way of the Turtle" by Curtis Faith is a financial guide that outlines a particular trading strategy known as the Turtle Trading System. The book dives into the details of this systematic approach to trading, which was developed by legendary traders Richard Dennis and William Eckhardt in the 1980s.
The term "turtle" refers to a group of traders who were trained by Dennis and Eckhardt using their unique trading methodology. These traders were individuals with little to no experience in trading, yet they were able to achieve significant success by following the rules and principles laid out by the system.
The book reveals the mindset, rules, and techniques employed by the turtles, providing readers with an insight into the systematic approach to investing and trading. It explores key concepts such as risk management, entry and exit strategies, position sizing, and trend following.
The term "Free Book" mentioned in the question might be referring to the availability of the book for free or at a reduced price, as "free" generally implies no cost. However, the book is typically not offered for free, and the term may be a misunderstanding or miscommunication.
The Free Book Way of the Turtle Theme
The theme of the book "Way of the Turtle" by Curtis Faith is personal development and achieving success through a systematic approach.
Throughout the book, Faith discusses his experience as one of the original Turtle Traders, a group trained by trading legend Richard Dennis. The Turtles were taught a specific set of trading rules and methodologies, which they followed religiously to generate substantial profits. Faith delves into the details of these rules and strategies, offering insights into how they can be applied in various market conditions.
However, the book goes beyond just trading techniques. It explores the mindset required for success in any endeavor, emphasizing discipline, patience, and the ability to control emotions. Faith emphasizes the importance of following a well-defined plan, managing risk effectively, and constantly learning and adapting to changing market conditions.
The overarching theme of personal development is reinforced throughout the book, as Faith shares his own journey from a young, inexperienced trader to a successful professional. He highlights the importance of self-belief and perseverance, discussing the challenges he faced and how he overcame them.
Ultimately, the theme of "Way of the Turtle" revolves around the idea that success in any field, including trading, can be achieved through discipline, consistency, and a systematic approach. Faith encourages readers to develop their own rules and strategies, providing a framework for achieving their goals and realizing their full potential.
Chapter 6 Other Accessible Resources
1. "Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders" by Curtis Faith (book)
2. "The Free Book Way of the Turtle" by Curtis Faith (website)
3. "Way of the Turtle" by Curtis Faith (Amazon listing)
4. "Way of the Turtle" by Curtis Faith (Goodreads page)
5. "Interview with Curtis Faith: Author of 'Way of the Turtle'" (YouTube video)
6. "Curtis Faith: The Secret Trading Strategies of the Turtles" (Podcast episode)
7. "The Turtle Traders: Lessons from the Way of the Turtle" (Online article)
8. "Inside the Mind of a Turtle Trader" (Financial magazine feature)
9. "Trader Curtis Faith Reveals the Secrets of the Turtles" (Business news article)
10. "The Turtle Experiment: A Comprehensive Analysis of Curtis Faith's 'Way of the Turtle'" (Academic research paper)
Chapter 7 Quotes of The Free Book Way of the Turtle
The Free Book Way of the Turtle quotes as follows:
1. "Trend following has stood the test of time because it is based on the fundamental principle of human nature: herd instinct." - Curtis Faith
2. "The most successful traders are those who can control their emotions and stick to their trading plan, even when the markets are volatile." - Curtis Faith
3. "The turtle system's emphasis on risk management and position sizing is crucial to long-term success in the markets." - Curtis Faith
4. "A successful trader must be able to accept losses and move on to the next trade without emotional attachment or hesitation." - Curtis Faith
5. "The turtle system is not about predicting market movements, it's about reacting to them in a disciplined and systematic manner." - Curtis Faith
6. "Winning trades are important, but it's just as crucial to minimize losses and preserve capital." - Curtis Faith
7. "Consistency and discipline are the keys to success in trading." - Curtis Faith
8. "Successful traders focus on the process, not the outcome. They follow their trading plan and trust in their system." - Curtis Faith
9. "In trading, there's no shame in admitting when you're wrong and cutting your losses." - Curtis Faith
10. "The turtle system teaches patience and the ability to wait for the right opportunity to enter a trade." - Curtis Faith
Chapter 8 Similar Books Like The Free Book Way of the Turtle
1. "Sapiens: A Brief History of Humankind" by Yuval Noah Harari - This thought-provoking book delves into the history of humanity, exploring our evolution and the impact that our development has had on the world. Harari's engaging writing style and insightful analysis make this book a must-read for anyone interested in understanding the intricacies of human existence.
2. "Thinking, Fast and Slow" by Daniel Kahneman - In this highly influential book, Nobel laureate Daniel Kahneman explores the two systems of thinking that drive our decision-making processes. Through fascinating research and personal anecdotes, Kahneman provides valuable insights into the flaws and biases that affect our everyday choices. "Thinking, Fast and Slow" is a captivating read that will transform the way you perceive the world.
3. "Influence: The Psychology of Persuasion" by Robert B. Cialdini - If you have ever wondered why we make the decisions we do or how we can be easily influenced, this book is for you. Cialdini provides an in-depth exploration of the principles of persuasion and reveals the psychology behind our susceptibility to manipulation. This book is an eye-opening guide to understanding the tricks used by marketers, salespeople, and even ourselves.
4. "The Power of Now: A Guide to Spiritual Enlightenment" by Eckhart Tolle - If you are seeking a deeper understanding of mindfulness and a more fulfilling life, this book is a must-read. Tolle's teachings emphasize the importance of living in the present moment and freeing ourselves from the shackles of past regrets and future anxieties. "The Power of Now" offers practical advice and enlightening insights that are bound to resonate with readers from all walks of life.
5. "Man's Search for Meaning" by Viktor E. Frankl - This timeless classic reflects on the author's experiences as a Holocaust survivor and his subsequent development of logotherapy, a form of psychotherapy that focuses on finding meaning in life. Frankl's profound observations and powerful reflections offer readers a unique perspective on the human condition and the importance of purpose. "Man's Search for Meaning" continues to inspire and uplift readers, reminding us that even in the darkest of times, meaning can be found.