Turtle Trading

Psychology and intelligence plays an important role for successful traders. It is imperative for struggling and unsuccessful traders to overcome their weaknesses to win by trading the share market.

In terms of necessary intelligence skills, in Turtle Trading, the candidates were tested for their mathematical aptitude as well as the ability to think in terms of risk and probability. Finding an edge in the market and learning whether a trade is worth trading and risking your capital requires a little mathematical skill.

Traits of Successful Investors and Traders

I’ve read the preface, Chapter 1 and Chapter 2 and I’m thinking the plot of this book is very much like the movie with Eddie Murphy and Dan Aykroyd: “Trading Places” (it also features the young Jamie Lee Curtis). Trading Places is a movie from the early 1980's (1983 to be exact) and revolves around a bet, social status, the question of nature vs. nature and trading the commodities market. The movie's plot is as follows:

This will be a “live book review” of the “Complete Turtletrader” by Michael Covel. What's with the sideway's book cover? Well, this book will definitely change your perspective! I will be jotting my thoughts and impressions of the book as I read through the chapters of the book and highlight some notes for my (and your) benefit.