The Turtle Trading Story Once and For All

This weekend made me realize something:

1. The Turtle trader story is still not widely known even by those who invest and trade regularly.
2. And for those who have heard of the Turtle story myth and confusion persist to a level that surprises me.

I am going to fix this situation very soon. One reader commented:

Perhaps a documentary regarding the turtles, outlining the history of Richard Dennis and Bill Eckhardt, and the aftermath of the turtle experiment. Not sure if that would be a major blockbuster, but maybe get some air time with Dennis himself?

Here is the problem: some of the characters in the story are honest brokers, some are not. If given a stage to say whatever I am convinced some in the Turtle crew will say whatever and skew the story to an end to put themselves in a best light. Not all, but some. My book is already the definitive source, but I will add even more online.

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You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.

17 thoughts on “The Turtle Trading Story Once and For All

  1. Perhaps a documentary regarding the turtles, outlining the history of Richard Dennis and Bill Eckhardt, and the aftermath of the turtle experiment. Not sure if that would be a major blockbuster, but maybe get some air time with Dennis himself?

  2. Here is the problem Jake: some of the characters in the story are honest brokers, some are not. If given a stage to say whatever I am convinced some in the Turtle crew will say whatever and skew the story to an end to put themselves in a best light. Not all, but some. My book is already the definitive source, but I will add even more online.

  3. Fair enough. Although if you did interview the honest ones, would that be construed as bias? Maybe Reality TV show? Also I have a question regarding Broke. I was thinking about buying it for my itunes so I could put it on my ipod. How much of the price (listed on itunes) would Apple company be cutting from you?

  4. maybe a documentary focusing more on “if traders are born or made”? and focusing it more on dennis and eckhardt and the relationship of the turtles with them both.

    and hey… you can even include […]! now you will be complete! 😀

  5. Carlos, CF’s story is the biggest myth of the whole Turtle story by a country mile. And of course the ones who should be legends are very quiet and nearly anonymous.

  6. Michael,

    Although not a turtle, Ed Seykota is the one legend I wish I knew more about. I’ve read something about 60% avg. annual return for 30+ years. Lake Tahoe lifestyle, far from the crowd, low profile. Can you shed more light on this master of the markets?

  7. Well I, and possibly the rest of us, want to hear more from the anonymous people who are doing it right.

  8. amazing how you have inserted yourself into this turtle history and profited from it. more amazing is how your havent been sued by […]

  9. Mr. “P”! Come on now. Get the anger out! I discuss threatened lawsuits in my book “The Complete TurtleTrader”. I posted long buried documents from the United States government that certain folks did not want out. I did interviews and uncovered data certain folks did not want out. I expect reactions from those people. Now my forum will not become some silly flame war. You should have actually done a better job out of the gate countering my book than two little lines! That’s your response to my 80,000 word book?

  10. In terms of inserting myself into trend following and turtle trading — no apologies there. I have thoroughly enjoyed uncovering stories/research/techniques that no one else would have revealed. I give much of my insight away for free. Some I charge for. No apologies there either!

  11. How dare you Michael Covel, do something you enjoy and profit from it! You evil capitalist you!
    Since when did it become ‘wrong’ to attempt to make a decent living in this country? Especially while doing something you enjoy! Maybe some just take solace in being an angry employee for somebody who chose to make a decent living for themselves…

    As for Carlos above, you have nothing to worry about with respect to everybody jumping on the trend following/Turtle trader bandwagon. As Mr. Dennis pointed out decades ago, the system could be printed and available for everybody to see (which it is and/or has been) and very few would have the motivation, means or ability to actually implement it.

    Thank you Michael for sharing your research, findings and stories with us. Your work is appreciated.

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