Get Original Turtle Trading Rules

And yes, the system still works. In fact, it always have, always will, if you do it right. The system existed long before Richard Dennis (commodities trader) named his bootcamp traders 'turtles'. It's called trend following.

The Rules. Turtles were taught very specifically how to implement a trend-following strategy. The idea is that the "trend is your friend," so you should buy futures breaking out to the upside of trading ranges and sell short downside breakouts.

The two main characters, Mortimer and Randolph had two counterparts in Chicago traders William Eckhardt and Richard Dennis. Dennis reportedly made his first million by the age of 25. A few months after the movie hit theaters, Eckhardt and Dennis put an ad in the newspaper looking for new talent.

And yes, the system still works. In fact, it always have, always will, if you do it right. The system existed long before Richard Dennis (commodities trader) named his bootcamp traders 'turtles'. It's called trend following.

The Rules. Turtles were taught very specifically how to implement a trend-following strategy. The idea is that the "trend is your friend," so you should buy futures breaking out to the upside of trading ranges and sell short downside breakouts. ... Figure 1 shows a typical turtle trading strategy.

The Rules. Turtles were taught very specifically how to implement a trend-following strategy. The idea is that the "trend is your friend," so you should buy futures breaking out to the upside of trading ranges and sell short downside breakouts.

Eunotosaurus africanus, the earliest known turtle, lived 260 million years ago. Eunotosaurus was toothed, and its midsection contained nine elongated trunk vertebrae, nine pairs of broad T-shaped dorsal ribs, and five pairs of gastralia (ventrally located abdominal ribs).

The original turtle trading rules don't work anymore. But it doesn't mean that trend following is dead, because with a few tweaks, we managed to develop a sound trend following strategy. The key thing is to focus on the trading concept and not blindly follow a trading strategy.

After the trial-period ended, he gave the few of them who had successfully traded the system during the one-month trial, accounts ranging from $250,000 to $2 million of his own money to manage. When his experiment ended five years later, his Turtles reportedly had earned an aggregate profit of $175 million.