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I recently listened to an interview with Jerry Parker (link). In the first part of the talk, a listener asks a question for Jerry and Niels Kastrup Larsen. It’s about pyramiding … I have Curtis Faith’s book “Way of the Turtle” in both of those sources they do describe a method of adding to winning trades based on price quickly hitting certain profit amounts. But Jerry Parker completely contradicts this by saying the Turtles were trading four different systems. Each with their own “X” day breakout entry criteria which is not really pyramiding at all in the common sense of the word. So my question is simply which version is correct? Or did the system mechanics change over time? Since you are recognized as a leading authority on the Turtles, I thought that you would be a good person to ask. I look forward to hearing your reply.
Thanks,
A.L.
A few things:
— Parker was the most successful Turtle. Period.
— Faith? You may want to read my book on the Turtles. He’s not a useful voice.
The Turtles had different length systems and had pyramids. They also had discretion to pick parameters they would follow consistently, as long as within the system rules.
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